ICSB Foundation study materials
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ICSB Foundation study plan

ICSB Foundation · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Governance, Leadership and Board Practice & Strategy, Planning and Performance Management

  • Map the ICSB Foundation blueprint to a personal coverage grid, weighting Domains 1 and 2 at the top because they carry 15% each

  • Define the board's governance-versus-management boundary and write a one-page summary contrasting fiduciary duties of care, loyalty, and obedience

  • Explain how mission, vision, and strategy cascade into annual plans and performance indicators, producing a draft logic model for a sample nonprofit

  • Draft ten original practice questions on board composition, committee structures, and strategy formulation, then answer them closed-book

Your checkpoint

A two-page governance and strategy foundations brief with a completed coverage grid and a 10-question self-test scored and annotated

Week 2

Strategy, Planning and Performance Management & Financial Stewardship and Risk Oversight

  • Build a performance management framework that links strategic objectives to measurable KPIs, baselines, and review cadence

  • Interpret a set of core financial statements and compute liquidity, solvency, and reserve ratios from sample figures you construct yourself

  • Distinguish financial oversight from financial management, describing what the board approves, monitors, and delegates

  • Identify the main categories of organizational risk and draft a simple risk register with likelihood, impact, and owner columns

Your checkpoint

A one-page KPI dashboard template plus a completed risk register covering at least eight risks with owners and mitigation notes

Week 3

Governance, Leadership and Board Practice & Financial Stewardship and Risk Oversight

  • Compare board governance models and recommend one that fits a mid-sized organization, justifying the choice in writing

  • Design a board meeting agenda and information pack that supports effective oversight without micromanagement

  • Explain the board's role in budget approval, reserve policy, and financial red flags, listing at least six warning indicators

  • Practice applying fiduciary duty to two short ethical dilemma scenarios and record your reasoning

Your checkpoint

A board pack outline with a model agenda, a budget approval checklist, and two written dilemma analyses of roughly 200 words each

Week 4

Compliance, Ethics and Regulatory Obligations & Operations, Internal Controls and Assurance

  • Outline the compliance universe for a nonprofit: legal form, filing obligations, fundraising rules, and employment basics

  • Explain the difference between compliance, ethics, and integrity, and draft a code of conduct outline with reporting channels

  • Map the internal control components of control environment, risk assessment, control activities, information, and monitoring onto a small organization

  • Describe the purpose and limits of internal and external audit and how assurance findings reach the board

Your checkpoint

A compliance calendar covering twelve months of obligations plus a one-page internal control self-assessment checklist

Week 5

Stakeholder Engagement and Communication & Sustainability, ESG and Organizational Purpose

  • Segment stakeholders by influence and interest and tailor a communication approach for each group

  • Draft key messages for a sensitive announcement and identify the channels and timing that fit each audience

  • Explain the difference between organizational purpose, sustainability, and ESG, and how materiality assessment shapes reporting

  • Identify the main ESG disclosure themes and describe how boards oversee sustainability commitments without greenwashing

Your checkpoint

A stakeholder map with at least eight groups, paired with a one-page communications plan and a short materiality summary

Week 6

Digital Governance, Data and Technology Oversight & Operations, Internal Controls and Assurance

  • Describe the board's role in digital strategy, technology investment, and cyber risk oversight, distinguishing oversight from operational decisions

  • Explain core data governance concepts: ownership, stewardship, quality, privacy, retention, and access control

  • Outline the elements of an incident response and business continuity plan and the board's escalation role

  • Evaluate a sample technology investment proposal against strategic fit, risk, and total cost of ownership

Your checkpoint

A one-page digital and cyber oversight checklist plus a written evaluation of a technology proposal using your own constructed figures

Week 7

Governance, Leadership and Board Practice & Strategy, Planning and Performance Management & Compliance, Ethics and Regulatory Obligations

  • Integrate governance, strategy, and compliance concepts by working through four cross-domain case scenarios

  • Diagnose weak board practices in each scenario and recommend specific, actionable improvements

  • Audit your week 1 coverage grid and re-teach the three weakest subtopics from memory before checking notes

  • Complete a timed 40-question mixed set you write yourself, then analyze every error by domain and cause

Your checkpoint

Four written case responses plus an error analysis log classifying mistakes by domain, concept gap, or misreading

Week 8

Financial Stewardship and Risk Oversight & Stakeholder Engagement and Communication & Sustainability, ESG and Organizational Purpose & Digital Governance, Data and Technology Oversight

  • Consolidate the lighter domains through rapid retrieval practice, targeting the specific gaps logged in week 7

  • Rehearse explaining each domain's core idea aloud in under two minutes to test true understanding

  • Sit two timed mock exams of 60 questions each and compare scores to set a realistic readiness judgment

  • Finalize a one-page personal exam-day strategy covering pacing, question triage, and flagging for review

Your checkpoint

Two scored mock exams with a comparison table and a final one-page exam-day strategy sheet

Milestones

Week 2: Coverage grid shows Domains 1 and 2 fully reviewed, and you can compute the three financial ratios without notes

Week 4: Score at least 70% on a self-written 25-question set drawn from Domains 1 through 4 and 6

Week 6: All eight domains marked reviewed on the coverage grid, with at least one deliverable per domain on file

Week 7: Timed mixed set completed within the target time and error log shows fewer than three concept-gap errors

Week 8: Both mock exams scored at or above your personal pass target, with no domain below 60%