The CIS is governed by a council of 27 members. The Governing Council has overall responsibility for the administration and general management of the Institute. It is empowered to do anything which in its opinion is calculated to facilitate the carrying on of the activities of the Institute. The Council consists of elected, appointed and ex officio members.
The statutory composition of the council is as follows:

•  The President of the Institute (who is also the Chairman of the Council)

•  Two Vice-Presidents

•  A representative of the Securities and Exchange Commission

•  A representative of the Nigerian Stock Exchange

•  Two representatives of the Banker's Committee

•  Twelve elected members of the Institute

•  Two persons representing institutions of higher learning in Nigeria

•  A representative each of the following Ministries:

•  Past Presidents of the Institute (to serve for a maximum period of three years from the expiration of their terms of office as President)

List of Council Members