Section 4: Functions of the Institute.

The Institute shall -(a) determine the standards of knowledge and skill to be attained by persons seeking to be members of the Institute;
(b) promote the theory and practice of good corporate governance amongst members in accordance with international best practice;
(c) ensure observance of high standards of ethical values and professional conduct, including certification and accreditation of members;
(d) build a body of professionals that are skilled and experienced in administration;
(e) regulate the admission of persons into the membership of the Institute in accordance with the provisions of this Act, including the establishment, registration and maintenance of a register for each category of members stipulated under this Act;
(f) facilitate the exchange of ideas, to promote better understanding and disseminate to the public professional opinions on the subject of directorship, good corporate governance, corporate management and the problems associated with it;
(g) organise and conduct examinations for members and prospective members in the theory and practice of good corporate governance;
(h) establish and maintain a library for the use of members and the public and collect, print, publish and distribute to members and the general public, newspapers, periodicals, journals, books, circulars and leaflets;
(i) make recommendations to the Government and other organisations on any change in the law relating to directorship and corporate governance, and promote policies intended to improve corporate governance; and
(j) perform such other functions in furtherance of the objectives of the Institute.