World is inching closer to nuclear warfare PDF Print E-mail
Wednesday, 06 September 2017 11:37



LIFE’S INSPIRATIONS: “… I will exalt you, Lord, for you lifted me out of the depths and did not let my enemies gloat over me….” (Psalm 30:2, the Holy Bible).


CORPORATE GOVERNANCE, ETHICS, AND RESPONSIBILITY AT IACE: Corporate governance, corporate ethics, and corporate responsibility were the topics that I discussed Monday, 04 September 2017, in a lecture I delivered for officials of the Bhutan National Bank who are attending a one-week seminar on “corporate governance” at the International Academy for Continuous Education (IACE) in Quezon City.

I did the lecture upon the invitation of IACE President Aries Balanay, the incumbent Great President of the Rotary Club of Intramuros, and of IACE Chairman of the Board, Ms. Susan Balanay, the mother of Aries. For almost three hours, I dwelt on the Philippine experience on corporate governance, ethics, and responsibility.

In the end, one Bhutanese participant declared his conformity to my thesis that all laws and regulations dealing with corporations and how they should discharge their duties and responsibilities to their owners, board directors, officers, and employees would be meaningless, without the government having the capacity to monitor compliance with those rules, and without sincerity and honesty permeating the corporation’s stakeholders.


COMPLIANCE WITH LAWS IN RP HAMPERED BY LACK OF MONITORING: As in almost every other areas of life in the Philippines, there are laws and statutes that prescribe the norms of conduct that corporations must comply with. These laws and statutes are there not only to instill order and smooth relations and transactions, but more to assure that the pursuit of business, in general, is a fruitful and beneficial exercise.

Among others, there is the Corporation Code of the Philippines, the Revised Code of Corporate Governance of 2009 from the Securities and Exchange Commission, and the various decisions of the Supreme Court as well, dealing with corporate governance, ethics, and responsibility expansively and exhaustively.

Unfortunately, however, compliance with these statutes is often shrouded in shambles, on account of the fact that the government does not have the capacity and the wherewithal to monitor each and every corporation that has been allowed to do business in the Philippines. This is sad because, as past experiences have shown, unscrupulous persons were experts in hiding their nefarious activities through corporate fronts.


WORLD IS INCHING CLOSER TO NUCLEAR WARFARE: Day after day, it looks like the world is getting closer and closer to a nuclear warfare which could very well be the spark that could ignite the end of this world as we know it. The key to this is North Korea’s leader, Kim Jong Un, who appears to be enjoying his capability to explode nuclear weapons despite threats of military action from the US.

On Sunday, September 03, 2017, Kim Jong Un was reported to have carried out the detonation of a powerful nuclear missile, after having launched a series of missile explosions that included a missile that flew over Japan. In all likelihood, Sunday’s nuclear denotation of a powerful nuclear missile would not be the last for North Korea.

So far, US President Donald Trump has responded only with messages on Twitter, denouncing what Kim Jong Un had been doing. The question of course is, how long will Trump confine himself to mere Twitter messages, especially since North Korea now has the power to send a nuclear missile to the US mainland? It is clear that all options at negotiations and deterrence have run out, leaving military response as the only available solution.


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