INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS OF NIGERIA ACT
Act · Governance
An Act establishes the Institute of Chartered Secretaries and Administrators of Nigeria to regulate corporate governance and company secretarial work. It targets company secretaries, directors, and registered companies to promote compliance and high standards. This enhances professional practice in public administration and corporate governance.
INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS OF NIGERIA ACT
What Is This Policy?
An Act establishing the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) as the professional body regulating the practice of corporate governance, company secretarial work, and public administration.
Who Does It Target?
Company secretaries and corporate governance professionals Directors who rely on company secretaries for compliance CAC-registered companies Federal Ministry of Commerce and the Corporate Affairs Commission
What Does It Aim to Achieve?
Professionalise company secretarial and public administration practice in Nigeria, certify qualified practitioners, and promote high standards of corporate governance.
Key Features
Professional Body: ICSAN registers and certifies company secretaries and administrative professionals. Corporate Governance: ICSAN promotes best practice corporate governance in Nigerian companies. Examinations: Administers professional examinations in company secretarial and administration practice. Discipline: ICSAN investigates and sanctions members for professional misconduct.
Current Status
Rollout Stage: Active Coverage: Corporate governance and secretarial profession Beneficiaries: Companies; shareholders; corporate governance quality Funding: Member subscriptions; examination fees
How to Access
Hold a relevant degree and pass ICSAN professional examinations Register with ICSAN and pay annual subscription Annual CPD compliance required Application method: Apply for ICSAN membership at https://www.icsan.org.ng
Important Terms
All public companies are required to have a qualified company secretary ICSAN certification is the standard for Nigerian company secretaries Board minutes prepared by company secretaries have legal validity in corporate governance
Official Resources
Website: https://www.icsan.org.ng Contact: Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN)
Legal Framework
Enacted under the legislative authority of the National Assembly pursuant to Section 4 of the 1999 Constitution. Operates under the Institute of Chartered Secretaries and Administrators of Nigeria Act, the Companies and Allied Matters Act 2020, the Financial Reporting Council Act 2011, and international ICSA governance standards.