London/Nigeria, 4 April 2014 – ICSA (Institute of Chartered Secretaries and Administrators) and ICSAN (Institute of Chartered Secretaries and Administrators Nigeria) recently signed a Memorandum of Understanding (MoU) confirming the close relationship between the two professional bodies and their common interest in promoting and regulating chartered secretaries in their respective territories.
The MoU is designed to clarify the treatment by ICSA of Nigerian members and students who have completed ICSA’s international qualifying scheme and earlier professional programmes. It also sets out a proposal for ICSAN and ICSA to work together to develop and establish an ongoing process for accrediting Nigerian students qualifying under ICSAN’s professional examinations for ICSA membership.
Nigerian students who, from November 2011 onwards, have completed ICSAN’s professional qualifying scheme programme will be eligible to be awarded ICSA graduate status upon completion of two ICSA specified modules:
Similarly, all ICSA students completing ICSA’s Chartered Secretary Qualifying Scheme (CSQS) as from November 2011 onwards will be eligible for ICSAN membership upon completion of two ICSAN specified modules:
In addition, special arrangements are in place to award ICSA fellowship or associateship to Nigerian Fellows and Associates holding current ICSAN membership.
Dr Nat Ofo, FCIS (Vice President of ICSAN) and Mr Solomon Oyedele Togunde, FCIS (Registrar/CEO of ICSAN) signed the agreement with President of ICSA for the UK, Republic of Ireland and Associated Territories (UKRIAT) and ICSA Chief Executive Simon Osborne on 19 March 2014 at ICSA’s highly successful Corporate Governance Conference in London.
Commenting on the importance of the MoU at the signing ceremony, Simon Osborne said: “I am delighted that our two professional bodies are collaborating to ensure that cross-border recognition is given to the importance of the high governance standards that both ICSA and ICSAN uphold. Whether people are seeking to become chartered secretaries in the UK, Republic of Ireland and Associated Territories or in Nigeria, our qualifications say that they have reached a level of professional achievement that is second to none.”
Dr Nat Ofo added: “The signing of the MoU is a significant milestone in the annals of both organisations for several reasons. In the first place, it underscores and strengthens the bond existing between both organisations. Secondly, it gives our students and prospective students wider options. Thirdly, it enhances the professional relevance of our members and affords them a genuine cross-border practice possibility. The MoU will occasion a true win-win situation.”
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1 ICSA (Institute of Chartered Secretaries and Administrators) is the chartered membership and qualifying body for professionals working in governance, risk and compliance, including company secretaries. Our members work in all sectors and at every level of seniority. With over 120 years of experience, we champion high governance standards by providing qualifications, training, high-quality guidance and support (including technical resources, publications and software), and through our work with regulators and policy makers.
2 The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) is a professional body dedicated to excellence in corporate governance and public administration. An offshoot of the international professional body ICSA, ICSAN was formally established in 1944 and subsequently incorporated under the Companies Act 1968. Chartered by Decree 19 of 1991 (Now ACT CAP I13 LFN 2004), ICSAN is the only professional body authorised in Nigeria to conduct the examinations leading to the qualification of Chartered Secretaries and Administrators. The Institute is a member of the Corporate Secretaries International Association (CSIA), a Geneva-registered global organisation, dedicated to developing and growing the study and practice of Secretaryship to improve professional standards, the quality of governance practice and to improve organisational performance. ICSAN is also a member of the Association of Professional Bodies of Nigeria (APBN).