ICSAN Board Dynamics case studies
ICSAN Board Dynamics · Put your knowledge to work in context.
The ICSAN Board Dynamics credential is awarded by the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) to recognise competence in the governance and behavioural dynamics of corporate boards. It is aimed at company secretaries, aspiring and serving directors, governance professionals, board advisers, and senior executives who support or interact with boards. The ICSAN Board Dynamics case studies are 5 cases and about 4,488 words.
1The Supplier Contract and the Nominee Director
Kolawole Agro Industries Plc is a listed agro-processor in Oyo State with an 11-member board. In March the board approved a three-year logistics contract worth ₦480 million with SwiftHaul Ltd.
885 words, about 4 min2Independence That Is Not Independent
A tier-2 commercial bank in Lagos has a nine-member board and ₦180 billion in total assets. The chair, Emeka, has served 12 years and is a cousin of the founder, who holds 22%.
888 words, about 4 min3The Guarantee That Outgrew the Delegation
Ravenscourt Industries Plc has delegated to its Finance and Risk Committee authority to approve capital expenditure up to ₦500 million and guarantees up to ₦750 million. The committee has five members and a quorum of three, and its terms of reference were last reviewed in 2019.
875 words, about 4 min4A Board That Agrees Too Easily
Adunni Foods Plc is a family-controlled manufacturer. The chair is the founder, aged 72 and holder of 25%; the CEO has led for 15 years; three of the eight directors are family members.
884 words, about 4 min5The Letter in the Company Secretary's Inbox
Olaedo Energy Services Ltd is a private oil-services company with a six-member board and a ₦4 billion term loan. An anonymous email to the company secretary alleges that the CFO approved ₦210 million of inflated invoices from Delta Spares, a supplier owned by the procurement manager's brother, and that the internal audit head was pressured to remove the finding from a draft report.
956 words, about 5 min