ICIM Code of Conduct


The Institute Code of Conduct represents a relevant and useful set of guidelines to ensure the profession of corporate and interim management continues to play a vital and ethical role in contemporary business.

This code is approved by the ICIM National Executive Council together with the rules and regulations set out in its constitution. 

 ICIM Members should: 


  1. At all times discharge allotted and accepted responsibilities as a corporate and interim manager with integrity and observe those standards prescribed in the “Guides to Good Corporate and Interim Management Practice” determined from time to time by the Institute of Corporate and Interim Management;
  2. Not misuse authority or office for personal gain;
  3. Comply with the laws of the Federal Republic of Nigeria and operate within the spirit of those laws;
  4. Be of good conduct as to uphold and not to injure the standing and reputation of the Institute.

 Guides to Good Corporate and Interim Management Practices


 A. Members have personal responsibilities, and should :


  1. Demonstrate integrity and humanity, observe the principles, ethical and professional conducts, avoiding all discriminatory practices including those relating to race, sex, religion and politics;
  2. Have regard for the interests of society and relevant sustainability development issues. Thereby, acting loyally and honestly in carrying out the policies of the organization;
  3. Not injure or attempt to injure, maliciously or recklessly, directly or indirectly, the professional reputation of others;
  4. Respect the confidentiality of information which comes to them in the course of their duties;
  5. Engage in continued learning to improve professional competence and pursue new ideas and advances in technology;
  6. Accept only such work as they believe they are competent to perform and as necessary obtain expert advice;
  7. To respect the codes of other institutes and associations relevant to their responsibilities including that of affiliate bodies (for example Interim Management Association UK, Institute of Interim Management, UK.);
  8. When called upon to give a professional opinion, do so objectively as far as possible.

 B. Members and the Organization/client :


Members should take the appropriate actions to achieve the objectives of the organization/client.
These actions should include:

  1. The effective and economic management of all available resources;
  2. The appointment, training, and development of employees, seeking to integrate their aspirations with the requirements of the organization;
  3. The creation of a humane, safe, healthy and satisfying working environment;
  4. The development of effective communications, understandings and cooperation between all employees at all levels;
  5. The practice of delegation of authority wherever possible and the acceptance of responsibility for the work of subordinates;
  6. The fair and equitable treatment of employees;
  7. The frequent review of corporate objectives;

 C. Members and the Community :


Members should recognize the interests of the community and act accordingly. This recognition should include:

  1. Making every endeavor to conserve the environment, balancing the rights of future generations with current economic needs;
  2. Participating in public affairs, utilising professional capacity;
  3. Ensuring that all contracts and terms of business are clear, concise and honoured in full, unless terminated or modified by mutual consent;
  4. The exclusion of corrupt practices;
  5. Preserving and, wherever possible, improving the quality of life within the organization’s sphere of influence;
  6. Promoting the development of further understanding in society of the role and place of the business community;
  7. Respecting cultural and moral standards and the dignity of the individual;
  8. Partnering and aligning organization strategy with the “Sustainability Development Goals” (SDGs) as far as possible.