Society for Corporate Governance Nigeria

Name

Society for Corporate Governance Nigeria

Legal name

Society for Corporate Governance Nigeria

Website

https://corpgovnigeria.org

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Corporate Governance Services

NAICS

Business Associations (813910), Administrative Management and General Management Consulting Services (541611), Management Consulting Services (54161)

SIC

Services-Membership Organizations (8600), Services-Management Consulting Services (8742)

akta.pro primary industry

Governance & Board Effectiveness Advisory (BPAHAFAC)

Keywords

• Corporate governance services
• Board evaluation services
• Governance training programs
• Board recruitment advisory
• Membership organization

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: Annual subscription fees from individual, corporate (SME, Institution, and Large Enterprise), and Fellow membership categories.
2. Training Programs: Revenue from professional training programmes, board training, custom training programmes, and certification courses for directors and governance professionals.
3. Publications and Resources: Sales of corporate governance books, journals, and resources through the online store, including the Journal of Corporate Governance.
4. Advisory Services: Fees for board evaluation exercises, corporate governance audits, board recruitment services, and governance advisory engagements.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

SCGN provides corporate governance advisory, training, board evaluation, advocacy, audit, board recruitment, policy development, and mentorship services to corporate organizations and governance professionals in Nigeria. The organization operates a membership-based model with Individual, SME Corporate, Institution, and Large Enterprise tiers, supported by publications including the Journal of Corporate Governance and the annual Nigeria Observatory on Corporate Governance report.

Product overview

The Society for Corporate Governance Nigeria (SCGN) offers a comprehensive suite of corporate governance services delivered through a membership-based model rather than a SaaS product. The core portfolio includes nine distinct service offerings: Board Evaluation Exercise (independent assessment of board performance), Corporate Governance Audit, Board Recruitment Service, Board Enhancement Programme, Board Training Programmes, Advocacy (legislative and regulatory reform engagement), Board and Governance Advisory, Board Policy Document Development and Review, and Mentorship Programme. Supporting these services is the Journal of Corporate Governance publication and the annual Nigeria Observatory on Corporate Governance report. The organization operates three membership tiers—Individual (N50,000 annually), Corporate SMEs (N250,000 annually), Corporate Institutions (N350,000 annually), and Corporate Large Enterprises (N350,000 annually)—providing access to training calendars, resource materials, and member-exclusive events. The services are designed for directors, board chairmen, audit committees, company secretaries, compliance officers, and executives across Nigeria's corporate landscape.

Differentiator

Problem solved

Functional benefit

Products and services

• Board Evaluation Exercise Independent consultancy service assessing the performance of directors, boards, and organizations for governance practices, trends, and issues.
• Corporate Governance Audit Independent external consultant service that audits a company's corporate governance practices.
• Board Recruitment Service Service specializing in identifying and recruiting qualified board members for organizations.
• Board Enhancement Programme Specially designed programmes for boards of organisations to address specific governance needs.
• Board Training Programmes Informative programmes crafted and delivered for directors, board chairmen, audit committees, and other board-level stakeholders.
• Advocacy Works with government on proposed legislative and regulatory reform and ensures views on governance are widely circulated.
• Board and Governance Advisory Proffering advice and solutions to improve corporate governance within organizations.
• Board Policy Document Development and Review Engagement with key policymakers at SEC and House of Assembly on current governance policies and development of board policy documents.
• Mentorship Programme Structured, one-to-one professional relationships using strategic planning to connect people, increase knowledge, and build skills for future goals.
• Journal of Corporate Governance Regularly published journal providing educational content and research on corporate governance topics.
• Nigeria Observatory on Corporate Governance Annual report published annually covering corporate governance in quoted companies on the Nigerian Stock Exchange.
• Individual Membership Membership category for singular participants in managerial cadre and above, with annual subscription of N50,000.
• Corporate Membership (SMEs) Corporate membership for organisations with annual turnover less than or equal to N500,000,000, with annual renewal fee of N250,000.
• Corporate Membership (Institutions) Corporate membership for organisations with annual turnover less than N1,000,000,000, with annual renewal fee of N350,000.
• Corporate Membership (Large Enterprises) Corporate membership for organisations with annual turnover more than or equal to N1,000,000,000.

Quantifiable outcome

• Members receive 20% discount on paid programs
• +2 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Advocacy PartnerscoreStrategic or Co-development PartnerSCGN works with advocacy partners to influence corporate governance legislation and regulation in Nigeria, engaging with government bodies on proposed reforms and circulating views on governance best practices.
• Regulatory BodiescoreStrategic or Co-development PartnerSCGN engages with regulatory bodies including the Securities and Exchange Commission (SEC) and House of Assembly to advance corporate governance standards and influence regulatory frameworks.
• Pan African and Global Corporate Governance NetworkscoreStrategic or Co-development PartnerInternational partnerships that enable knowledge sharing and alignment of Nigerian governance practices with global best standards.
• Supporters and SponsorsminorOthersCorporate sponsors that support SCGN programs, events, and initiatives in exchange for association with the leading governance organization in Nigeria.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• National Association of Corporate Directors (NACD), USA: Largest US director membership body offering board education, certification, and director recruitment. Comparable business model (membership + advisory + education) but operating at much greater scale in a mature market.
• Institute of Directors (IoD), UK: UK chartered membership body for directors, providing training, qualifications, policy advocacy, and boardroom best practice. The established benchmark SCGN's International Directors Program in London aligns to.
• Chartered Governance Institute (CGI): International qualifying body for company secretaries and governance professionals. Overlaps with SCGN's individual-member target segment (company secretaries, compliance officers) and offers competing certification credentials.

Regional players

• Institute of Corporate Directors Kenya (ICDK): Kenyan equivalent offering director certification and governance training in East Africa. Comparable membership and advisory model targeting directors in another Anglophone African market.

Emerging players

• KPMG Nigeria / Deloitte Nigeria Board Advisory: Big Four advisory practices in Nigeria offering board effectiveness reviews and governance consulting to corporate clients. They overlap with SCGN's higher-end advisory services and compete for the same enterprise governance budgets.

Others

• Financial Reporting Council of Nigeria (FRC): Nigeria's regulator for accounting, auditing, and corporate governance codes. A close ecosystem participant — SCGN engages with FRC on policy and could benefit or compete depending on the regulator's direct provision of training.
• International Corporate Governance Network (ICGN): Global investor-led organization promoting governance standards. An enabler/ecosystem partner for SCGN's international benchmarking and advocacy work, though not a direct competitor for membership.

Direct peers

• African Corporate Governance Network (ACGN): Pan-African network promoting corporate governance best practice across the continent. Directly aligned with SCGN's mission and a partner in international knowledge sharing, but also a potential broader-scope competitor.
• Institute of Directors South Africa (IoDSA): South Africa's leading director membership and governance body, providing the King IV framework, training, and board evaluation. Closest regional comparable in scope and revenue model, with overlap in services.
• Institute of Directors (IoD) Nigeria: Nigeria's other principal directors' membership body, offering director training, certification, and advocacy. Directly competes with SCGN for the same pool of Nigerian directors, company secretaries, and corporate members.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/society-for-corporate-governance-nigeria

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Society for Corporate Governance Nigeria