ICSAN Sector Governance study plan

Map the hierarchy of Nigerian governance instruments - CAMA 2020, the FRCN's Nigerian Code of Corporate Governance, and the SEC, CBN, NAICOM, PENCOM and NCC codes - to the entities each binds and the regulator that enforces it.

Explain the move from prescriptive, rule-based codes to the principle-based 'apply and explain' model of the NCCG, and state exactly what a company must disclose when it departs from a principle.

Contrast directors' statutory duties under CAMA 2020 (good faith, duty of care and skill, avoidance of conflict) with the extra expectations the NCCG and sector codes place on boards.

Identify, for each of the five sector regulators, at least one governance requirement that goes beyond the general code, such as fit-and-proper vetting of directors or board approval of risk appetite.

Distinguish the roles of the FRCN, SEC, CBN and CAC in monitoring, enforcing and receiving governance disclosures.

Outline Nigerian board composition rules - executive versus non-executive balance, independence criteria, diversity expectations - and apply them to a hypothetical seven-member board.

Distinguish the roles of board chair, managing director/CEO, non-executive director, company secretary and board committees, and justify separation of the chair and CEO roles.

Draft terms of reference for the audit, risk, nomination and remuneration committees, specifying membership, quorum, meeting frequency and reporting lines to the board.

Design a board evaluation process covering individual director appraisal, committee review and whole-board performance, with scoring criteria and follow-up actions.

Describe a board induction programme and a succession plan for a newly appointed non-executive director and for the chair.

Differentiate governance requirements for private companies, public unlisted companies and listed companies under CAMA 2020 and the NGX listing rules, covering board size, independent directors, audit committee and continuing disclosure.

Explain shareholder rights in a listed company - notice, proxy, written resolution, pre-emptive rights, minority protection - and how electronic and virtual meetings affect their exercise.

Describe financial-sector governance: fit-and-proper approval of directors, mandatory board risk committee, prudential oversight by the sector regulator, and the audit committee's extra duties in a bank.

Apply the three lines model to a mid-sized company, placing business units, risk and compliance, and internal audit correctly, and state the independence requirements for internal audit.

Explain the audit committee's composition and appointment under CAMA 2020, its reporting line to shareholders, and the external auditor's relationship with the FRCN.

Trace the public-sector accountability chain from appropriation through procurement and payment to the Auditor-General's report and the Public Accounts Committee.

Explain the governance mandates of the Bureau of Public Procurement, the Fiscal Responsibility Commission, the Office of the Accountant-General and the Code of Conduct Bureau for ministries, departments and state-owned entities.

Distinguish governance of a ministry from that of a state-owned entity, covering board appointment, performance contracts, supervising-ministry oversight and reporting obligations.

Apply the ICPC and EFCC frameworks, the anti-money-laundering regime and a whistleblowing policy to a fact pattern involving a conflicted procurement officer.

Draft a conflict-of-interest and gifts/hospitality policy with declaration triggers, approval thresholds and escalation steps.

Explain how not-for-profits and NGOs are established and governed in Nigeria - incorporated trustees under CAMA, trustee duties, constitution and filings with the Corporate Affairs Commission - and where the framework is weakest.

Describe cooperative society governance: membership rights, the general meeting, the elected management committee and supervision by the relevant state authority, applying the international cooperative principles.

Design accountability controls for a donor-funded NGO covering budget approval, restricted funds, procurement thresholds, annual audit and public reporting.

Build an annual-report disclosure checklist covering the governance statement, directors' report, related-party transactions, remuneration, material risk and sustainability reporting.

Explain timeliness, materiality and equal-information principles in disclosure and the respective enforcement roles of the FRCN and the NGX.

Map stakeholder groups - shareholders, employees, lenders, regulators, host communities - against their legitimate claims and the engagement channel and frequency the board should use for each.

Explain the agency problem and how reserved matters, delegation limits, information rights and a schedule of matters reserved for the board shape board–management relations.

Design a family-business governance framework: family constitution, family council, board with independent directors, succession rules and dispute resolution.

Recommend a proportionate governance model for an SME, separating mandatory CAMA obligations from voluntary good practice.

Identify sector-specific governance demands in oil and gas (local content, joint-venture and host-community obligations) and telecommunications (licensing conditions, industry code of conduct, consumer protection).

Re-test the four heaviest domains with 25-question timed sets and log every wrong answer with its cause: knowledge gap, misread or guess.

Rewrite your 20 weakest flashcards from memory and state each rule in one sentence without notes.

Compare overlapping requirements across the NCCG and three sector codes so that 'which instrument applies here?' questions are answered quickly and correctly.

Practise two 30-minute written answers on board effectiveness and risk governance under exam timing, then mark them against a self-built rubric.

Sit two full-length timed mock exams under exam conditions and score each strictly against the mark scheme.

Close every flagged gap by re-reading the relevant instrument and restating the rule in your own words.

Rehearse exam technique: allocate time per section, outline answers before writing and define 20 core terms concisely.

Recite the whole framework from memory - instruments, regulators, board committees and reporting obligations - in a 10-minute self-explanation.