Board and Corporate Governance.

Our Purpose and how we Operate

We focus on establishing ‘critical thinking’ business schools with full scholarships to help social entrepreneurs in Africa* – and fund their respective projects.

We are structured where income is managed through a trust. Since the income is generated for social good and the funds are earmarked for Africa, the Foundation can use all of its income for investments.

The shares of the managers are deposited in trust. The aim of the directors is to have the vision and mission realised by company officials with full accountability. Since the shares remain the property of the trust, the directors cannot exercise the value of the shares financially for personal benefit. In this way, the ISCM Foundation benefits from the full income for the benefit of meaningful investments for society.

The articles of association lay down the policy, which in turn is monitored by independent external audit, legal and compliance professionals. They are intended to guarantee the integrity of our activities; to remain in line with our vision and mission at all times.

The idea is to show the public that our work is not aimed at enriching shareholders, but at promoting skills and capacity building in Africa, for Africa with African entrepreneurs.

* Please note that the ISCM Foundation is extending its regional impact beyond the African continent to assist also other transforming countries with funding nation-building initiatives.

Supervisory Board

The Counsellors of the Foundation, overseeing the implementation of the ISCM Foundation spirit:

zsolt-nyiriDr. Zsolt Nyiri

Dr. Nyiri, (Dutch) former senior member at a number of large consulting audit firms and at international operating financial institutions, built his reputation as an expert in asset-based financing and banking. He assists African Governments in obtaining funding for their portfolio of projects. He advised on numerous enterprise system implementations.  Subsequently, he fulfilled executive roles for a number of large corporates in South Africa.

In 2007 he received the Global Strategy and Leadership Excellence Award for complex stakeholder-based behavioural simulation modelling, wherein shareholder value creation and systemic risk factors become traceable in a preview – rather than a review.

Walter De Roo
Honory – Vice Chairman

Mr. Walter De Roo, (Belgian) is retired and advised large Western corporations with subsidiaries in Africa. He worked for Ernst & Young with a focus on attracting Foreign Direct Investments and wrote country development guidelines for African Governments.  He lectured on good governance issues, in particular addressing bribery and corruption.

Executive Board

Hannelie Nyiri
Co-Chief Executive Office

Hannelie Nyiri, (South African) is one of the founders of the ISCM Foundation. Her background in education and communication makes her uniquely qualified to support entrepreneurs from emerging countries. She will liaise with the respective tertiary educational institutions to promote talent with support of study bursaries and funding for universities. She will overlook all educational initiatives – with focus on rural area talent and universities.

H.E. Dr. Mohamed Omaar
Co-Chief Executive Officer

Dr. Mohamed Omaar, (British / Somali) is a retired businessman and former Deputy PM and Foreign Minister of Somalia.  He is responsible for ISCM Foundation’s project governance, working in tandem with the CEO of ISCM Investments.  In his former career, he held several senior management positions in corporations. He works for the greater good with responsibility for the continent of Africa.

Dawn Ringrose
Advisory Board Member

Ms. Dawn Ringrose (Canadian) is passionate about working with organizations to improve performance. She believes in making a contribution to the local economy, trade and quality of life. She has extensive experience in organizational excellence, working across industry sectors, conducting global research, authoring publications and developing tools. Totally aligned with the vision, mission and values of the ISCM Foundation, Ms. Ringrose advises on the excellence portfolio and guides related efforts on nation-building projects.

Nancy Nouaimeh
Advisory Board Member

Mrs. Nancy Nouaimeh, (Belgian) is a behavioural change management practitioner. Her key strength is fostering leadership excellence within a multicultural environment. She affords the Board to reflect on its initiatives with the necessary attention to transformation journeys.  The Design Thinking aspect is a departure point wherein she assists with our initiatives to gain impact on desired outcomes.  Her deep transformation and change management skills are key to enable our organisation to adapt and adopt new measures.

Executive Board  – ISCM Investments

Coşkun Akdeniz
Chief Executive Officer

Mr. Coşkun Akdeniz (Turkish) is a former investment banker with focus on investments for modernization, political and economic development processes. His past ist marked with business arrangements for the energy and financial services sector. His experience is in financial project consultancy providing private equity and distressed workout advisory services. Another key experience is in education, where he is involved with building entrepreneurial capacity.

Goodwill Ambassadors

Individuals supporting the ISCM Foundation with realising its vision – making charity unnecessary and its mission – conducting responsible business.

Hanna Kleber
Goodwill Ambassador

Mrs. Hanna Kleber, (German) is taking her marketing and communication expertise in the international tourism sector to African Governments.  She respects the cultures and the environment in which she operates and actively supports job creation at the local community level.  Mrs. Kleber allows tourists to experience the beauty and natural treasures of Africa in a well-organised and planned manner, ensuring a rich travel experience. Key to her approach is to create value for African countries, with the view to include local entrepreneurs – ultimately resulting in job creation and societal welfare.

Kai Asmussen
Goodwill Ambassador

Mr. Kai Asmussen, (German) has a soundtrack record with financial institutions and entrusts his network for good deeds to the ISCM Foundation. As a former semi-professional tennis player, he believes in fair play. His past residential real estate business experience is welcomed to support us in social housing investments across Africa. As an entrepreneur with an extensive network, we thankfully receive his well-meant support and creative solutions for our multifaceted challenges – connecting us with the right people.

Heinz Schneider
Goodwill Ambassador

Mr. Heinz Schneider, (German) is resident in Mexico for more than two decades and develops opportunities for local entrepreneurs.   He is ISCM Foundation’s Liaison Director for Mexico and engages with business and government to secure sustainable investments; contributing to national debt reduction, job creation and positive impact on the environment.

Luis Felipe Baranda Martinez
Goodwill Ambassador

Mr. Luis Felipe Baranda (Mexican) is a lawyer and a good promoter for government in the various fields of business activities.  As an entrepreneur, he has built up a solid business network in which investments reach the right stakeholders.   In his capacity as Liaison Director for the ISCM Foundation, he reaches the right audience for the right investments in the Spanish-speaking countries on the Central and South American continent.

Corporate Governance

The ISCM Foundation and its organisations are audited. Our activities are monitored through dedicated external compliance officers and independent regulators.

The portfolio of Africa Centre for Business Excellence is under the leadership of Prof. Dr. Tesha. The legal representation of ISCM Investments Pte. Ltd. falls under Mr. Benny Pang. The Business Simulation services and transformation support are led by Dr. Zsolt Nyiri. Industry based guest advisors are appointed on a project basis.