Code Of Ethics

The rationale for this   code of ethics is to state the values to which the Institute is committed to, and to establish a common understanding in relation to our ethical principles and standards of acceptable behaviour in the Governance, Risk Management & Compliance [GRC] profession. This code of ethics is applicable to all Members without any exception. 

The Institute for Governance, Risk Management & Compliance Professionals is a non-profit organisation comprising members who are involved in various aspects of the GRC profession. We aim to be the leading professional Institute for the GRC profession in Nigeria and committed   to the promotion and advancement of the GRC profession, through consulting/research, certification, education and training, and to build alliance with Institutes or Associations across the globe. Our guiding principles as a professional Institute is anchored on high level of integrity and   standard of professional behaviour. We are committed to preserve and maintain the integrity of the GRC profession. We are a living and leaning organisation with determined passion to unearth   opportunities for our members in a dynamic world.


IGRCP members are required   to act in the best interest of the Institute and the GRC profession, and in accordance with the constitution and by-laws of the Institute.  All members shall exercise honesty, objectivity, integrity, respect, accountability, responsibility and diligence in the performance of their duties and responsibilities. Members shall perform their duties in accordance with applicable laws, regulations and professional standards, complying with both their specifics and intent. Members shall not knowingly engage in acts or activities that are likely to ridicule the profession of the GRC or to their organisations. Members must avoid conflicts of interest, or the appearance of such, and will disclose any circumstances or interests that might influence judgement and objectivity. Members shall not accept anything of value from an employee, client, customer, supplier, or business associate of their organisation that could impair or be presumed to impair their professional judgment. Members must at all times ensure that their clients or organisational information is treated in strict confidence. An advertisement by any member must not contain any statement, promise or recommendation that is fraudulent, untrue or misleading. Members shall present accurately and honestly all facts essential to the clients or employers’ GRC decisions. Members must at all times refrain from discrediting other GRC practitioners / disciplines. Members shall use funds appropriately and in accordance with the constitution and by-laws.


Members shall strive through personal initiative to maintain professional competence, and keep abreast of emerging issues, global trends, etc. in the field of GRC. It is strongly suggested that members continuously and actively participate in formal or informal educational and professional activities related to GRC. Members shall contribute to the development of the GRC profession through the sharing of skills, ideas, and participation in networking to promote and enhance the competence of the profession.


The standards of conduct set forth in this code of ethics provide basic ethical principles in the practice of GRC as a profession. All members should realize that their individual judgement is required in the application of these principles. However, if at any time any member is believed to be acting unethically or against the best interests of the Institute, or against the constitution or by-laws of the institute, such conduct will be subject to investigation and could lead to disciplinary action against the member, including the possible termination of membership and expulsion from the Institute. The Institute is required to take any steps that may be thought necessary to stop or prevent dishonorable conduct and practices by Members, as detailed in the constitution.