ICSAN Sector Governance case studies
ICSAN Sector Governance · Put your knowledge to work in context.
The ICSAN Sector Governance paper sits within the Institute of Chartered Secretaries and Administrators of Nigeria's examination structure, where governance is examined sector by sector rather than as one generic code. It suits people who already know basic company-secretarial mechanics and now need to reason about how governance is applied - and where it breaks down - in companies, listed entities, financial institutions, ministries and agencies, cooperatives and NGOs. The ICSAN Sector Governance case studies are 5 cases and about 3,613 words.
1The Independent Director Who Wasn't
Kola Agro-Allied Plc is listed on the Nigerian Exchange, has a market capitalisation of about N48 billion and a nine-member board. Its only independent non-executive director, Mrs Okafor, resigned last month, citing governance concerns after the board approved a N2.1 billion lease of farmland from a company owned by the chairman's brother-in-law.
814 words, about 4 min2The Bank with a Board That Never Says No
Sunrise Microfinance Bank Plc operates in Lagos with N35 billion in deposits and a capital base of N6 billion. Its 11-member board comprises the chairman, the managing director, three executive directors and six non-executive directors.
711 words, about 4 min3The Agency Without a Budget
A state government has created the Baro Agro-Processing Agency by law to run a N4.2 billion cassava processing plant. The seven-member board is chaired by a former commissioner; the CEO was appointed by the governor; the permanent secretary of the ministry of agriculture insists that all contracts above N50 million must be cleared by the ministry.
685 words, about 3 min4The Cooperative That Lent to Its Own Committee
The Nsukka Women's Multipurpose Cooperative has 4,000 members and N620 million in assets. Its nine-member management committee is chaired by Mrs Eze, who also chairs the five-member credit committee; her company has borrowed N85 million, and 12 members including two committee members owe a total of N210 million, mostly secured on undeveloped land.
692 words, about 3 min5The Family Firm's First Outside Director
Ogun Packaging Industries Limited was founded in 1989 and is 72% owned by the Adeyemi family; a private equity firm holds 28% and one board seat with veto rights over budgets and related-party deals. Revenue is N9 billion.
711 words, about 4 min