Tuesday, 09 November 2021 09:55

ICS signs knowledge-exchange agreement with Essex University Academics

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ICS signs knowledge-exchange agreement with Essex University Academics

 

The Institute of Certified Secretaries of Kenya (ICS), is a membership organization, established under the Certified Public Secretaries of Kenya Act, Cap. 534 of the Laws of Kenya with a mandate of promoting the practice of good governance in both the private and public sectors.  In fulfilment of its core mandate of promoting good governance, ICS has initiated a collaborative research and impact agreement with academics from the University of Essex (United Kingdom).

 

The agreement aims at facilitating collaboration, through rigorous research, in the broad area of corporate governance. It intends to bridge the ‘academic research-practice divide’ and offers an opportunity for governance practitioners and researchers to work jointly on projects with the aim of developing appropriate governance policies and practices that will have a positive impact on organisations, people and society.

 

The ICS team is led by CS. Obare Nyaega (Chief Executive Officer), CS. Jeremiah Karanja (Head of Professional Services), and Mr. Gilbert Kiprono (Manager, Research and Business Development). The Essex Team comprises of Professor Teerooven Soobaroyen and Dr. Danson Kimani, both of whom are members of the Essex Business School’s Centre for Accountability and Global Development (CAGD).

 

As part of this emerging collaboration, the UK’s Economic and Social Research Council’s Impact Acceleration Account (IAA) scheme provides the University of Essex with funding to support an initial project entitled “Towards improving corporate governance practices within Kenyan State-Owned Corporations: A collaborative project with the Institute of Certified Secretaries (ICS) of Kenya”. 

 

ICS has over the years partnered with other public and private institutions in accomplishment of diverse governance initiatives, including: Champions of Governance (COG) Award, Code of Corporate Governance for Issuers of Security to the Public, The Code of Governance for Private Organizations in Kenya, Governance Researcher of the Year Award and Publication of Governance Journal among other initiatives.

 

ICS has also played a key role in Kenya’s parastatal reform process where, together with the State Corporations Advisory Committee (SCAC), it led development of the Code of Governance for State Corporations (Mwongozo) in 2015. Mwongozo code is one of the first governance codes for state-owned enterprises in Africa.

 

The partnership with University of Essex seeks to build on these existing efforts to evaluate the implementation of the Mwongozo code, gather insights from a wide range of stakeholders and propose reforms to the code. Such work will support ICS’s existing Governance Audit training and evaluation framework aimed at supporting Kenyan organizations and their boards/leaders.

 

The University of Essex is among the top 25 British Universities for research quality according to The Times and Sunday Times Good University Guide 2021. The CAGD is part of the Essex Accounting Group, which is an internationally leading research group on accounting and corporate governance in emerging economies.

 

The Essex Accounting Group has a reputation for its interdisciplinary approach to accounting scholarship that encompasses religion, sociology, law, politics, government, and organisational studies to inform public policy and solve real-work problems for organisations across the globe in the private, public and third sectors.

 

It also maintains strong links with professional accountancy bodies, such as the Association of Chartered Certified Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW) and Institute of Chartered Accountants of Scotland (ICAS).

 

The group has also conducted research in several other countries across Africa, South East Asia and Latin America.

 

 

Obare Nyaega is Chief Executive Officer, The Institute of Certified Secretaries of Kenya (ICS), Kenya.

Jeremiah Karanja is Head of Professional Services, The Institute of Certified Secretaries of Kenya (ICS), Kenya.

Gilbert Kiprono is Manager, Research and Business Development at The Institute of Certified Secretaries of Kenya (ICS), Kenya.

Teerooven Soobaroyen is Professor of Accounting and Deputy Dean of Partnerships at University of Essex Business School, UK.

Danson Kimani is a Lecturer in Accounting, and Co-ordinator at The Centre for Accountability and Global Development (CAGD), University of Essex, United Kingdom.

 

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The Institute of Certified Secretaries (ICS)

CPS Governance Centre | Kilimanjaro Road | Upper Hill

P. O. Box 46935-00100 | Nairobi | Kenya

Tel: +254 734 603 173, +254 792 167 185, +254 92164772

E-mail: info@ics.ke; Website: www.ics.ke

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