IoD Ireland Members' Update
August 2023
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Dear Anne,
I hope this finds you well.
We were delighted to host our annual Summer Reception at Airfield Estate last Thursday. At the reception, John Reynolds CDir, President, IoD Ireland, welcomed members and colleagues, including Dr Margaret Cullen, Governance Advisor, IoD Ireland, and Professor and IoD Fellow Niamh Brennan CDir, as well as board members and Claire Mac Evilly, Chief Executive Officer from Airfield Estate.
As part of his address, John reflected on the importance of the role of company directors and how they hold a special duty to act in their organisation's best interests. This requires many of the core tenets of corporate governance, including integrity, transparency, collective responsibility of the board, and division of responsibility.
The aim of IoD Ireland will always be to continue to support our members in meeting these expectations and obligations by educating, informing, and supporting business leaders. As part of this work, I am delighted to announce our partnerships with Global Cyber Alliance and Cyber Ireland. We look forward to working alongside these organisations to provide our members with access to cyber security knowledge and expertise.
Our review of the Financial Reporting Council (FRC) public consultation on their proposed changes to the UK Corporate Governance Code and the Central Bank of Ireland's Administrative Sanctions Procedure (ASP) consultation is ongoing. We will continue to update members on these key areas as they develop. If you have any questions on these items, you can direct them to Dr Margaret Cullen.
Last but not least, I am delighted to note that IoD Ireland’s partnership project 'Creative Boardroom: Collaboarte4Climate’, in conjunction with IoD Northern Ireland, Arran Street East, and the Creatives Future Academy, has been selected as a Shared Island initiative as part of Creative Ireland's Climate Action Fund. This was announced by An Taoiseach Leo Varadkar TD, Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin TD, and Minister for Transport Eamon Ryan TD, in July. See more on this below.
This ezine's issue also includes the latest director education programmes, director factsheets, exclusive content and benefits available to members, all outlined below.
Caroline Spillane CDir
Chief Executive Officer
Institute of Directors (IoD) in Ireland
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IoD Ireland President Welcomes
Members to Annual Summer Reception
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Our annual IoD Ireland Summer Reception happened on Thursday, 27th July. The event provided an excellent opportunity for members to network and engage with each other. President of IoD Ireland, John Reynolds CDir along with Chief Executive Officer, Caroline Spillane CDir, welcomed members and spoke about the importance of corporate governance.
Pictured (left to right): John Reynolds CDir, President, IoD Ireland; Professor Niamh Brennan CDir; Dr Margaret Cullen, Governance Advisor, IoD Ireland; Caroline Spillane CDir, Chief Executive Officer, IoD Ireland.
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IoD Ireland Partnership Project
'Creative Boardroom: Collaborative4Climate'
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We are delighted to announce that our partnership project, 'Creative Boardroom: Collaborate4Climate' in conjunction with IoD Northern Ireland, Arran Street East, and the Creatives Future Academy is one of the 43 creative projects that has been selected as a Shared Island initiative as part of Creative Ireland's Climate Action Fund.
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Grow Your Corporate Governance Expertise: Director Training | |
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Navigating Cyber Security Risk for
Directors | Cyber Online Course
12th September - 7th November 2023 | 9:00am - 12:30pm
Advance your expertise on our new Course titled, 'Navigating Cyber Security Risk for Directors' led by Bill McCluggage, Chief Information Technology Officer. The course will take place over four half days starting this coming September, and will cover topics including technology and cyber risk, cyber culture, planning and incident response, and more. Bill will be joined by expert guest speakers, such as Joe Stephens, Director of Resilience, National Cyber Security Centre (NCSC), and Tim Hynes, Chief Innovation Officer, AIB.
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IoD Essentials Workshops | September - November 2023
Grow and expand your corporate governance expertise by booking your place on one of our IoD Essential workshops this Autumn.
This series is delivered by corporate governance experts, such as: Dr Margaret Cullen, Caroline Kirrane CFA Charterholder, and chartered directors; Carol Bolger, Marie Collins, Simon Haslam, John Smyth and Martina Maher.
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Leading Sustainability: What Directors Need to Know and How to Do It | ESG Online Course
2nd October - 22nd November 2023 | 9:00am - 12:30pm
Limited places are left on our highly rated ESG Course. Discover the knowledge and skills needed to strengthen your organisation's orientation towards sustainability in this Course led by Professor Simon Haslam CDir, Chartered Director. The course will take place over four half days in the Autumn, covering the governance agenda, net zero agenda, the wider environment agenda, and the social agenda. Simon will be joined by expert guest speakers on each session.
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Chartered Director Programme | January 2024 Places Now Open
Places for the January 2024 Chartered Director Programme are now open.
The Chartered Director Programme is a unique qualification for directors and strategic business leaders combining learning and professional experience. This sought-after programme has been running in Ireland since September 2008 and is delivered exclusively by IoD Ireland.
It is the gold standard of director training, and the IoD is the only body in Ireland that provides the full designation and recognition as a professional Chartered Director (CDir). By joining the programme, participants can build relationships with peer business and public service leaders in Ireland.
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Recent High Profile Security Breaches - A Wake Up Call for Directors & Board Members | Blog
Read our new blog by Bill McCluggage, Chief Information Officer Expert, on some of the recent high profile corporate cyber security breaches globally and why cyber security risk should be top of mind for all company directors and board members.
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Irish Limited Liability Companies can now Migrate within the EU | Director Factsheet
Read this Director Factsheet courtesy of McCann Fitzgerald LLP, which details a new law that permits limited liability companies incorporated and registered in the EU to convert their legal form to that of a company under the laws of another EU member state.
Please note: To view this members’ only content, you must be logged into the members' area of our website. For more factsheets, please visit our website.
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'Green Bleaching' and Other Unintended Consequences of SFDR | Blog
Read this new blog by Mark Seaver, Chief Investment Officer, IQ-EQ Fund Management Ireland Limited, part of the IQ-EQ group. This blog discusses what happened in the lead up to of the start of the Sustainable Finance Disclosure Regulation (SFDR) framework and why the concept of 'green bleaching' could be widely seen.
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Risk Management: A Key Component of Corporate Governance | Webcast
Watch back our webcast with Dr Margaret Cullen, IoD Ireland Governance Advisor and Board Assessor, and John Healy, Chartered Director, who in this session discussed the timely area of risk management, and how it is a key component of corporate governance.
The IoD Briefing Series is kindly sponsored by Accenture.
Please note: To view this members’ only content, you must be logged into the members' area of our website. For more blogs, please visit our website.
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Meet a Member
Gillian Chamberlain
Gillian Chamberlain is Managing Director for Capita Ireland. Prior to this, she spent much of her career working in the Technology and Telecom sectors in organisations, such as IBM, Hewlett Packard, and BT. She has extensive international B2B experience, leading Commercial, Sales, Marketing and Portfolio teams.
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Featured Member Benefit
Discounted Business Post Digital Subscription
The Business Post is a trusted and iconic Irish media brand. With a strong print and digital presence, it is the only Irish-owned Sunday newspaper in the market and has a well-established reputation for independent, innovative and quality journalism.
IoD members can subscribe to the digital edition of Business Post for €90 + VAT (9%) for 12 months. This is reduced from the current special offer of €149 for 12 months. Digital subscription includes full access to the Business Post website, the Business Post e-reader, daily newsletters, and more.
Please note: To view this member offer, you must be logged into the members' area of our website.
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Members in the News
Minister McGrath Appoints Ms. Sinead Curry to NAMA Board
The Minister of Finance, Michael McGrath T.D., has announced the appointment of Ms. Sinead Curry to the Board of NAMA, with effect from 24th July 2023. This appointment is the outcome of an open competitive process conducted through the Public Appointments Service (PAS) and in line with the "Guidelines for appointments to State Boards" published by the Government in 2014.
Janis Morrissey elected to the Board of Directors of The Wheel
Janis Morrisey, Director of Health Promotion, Information and Training in the Irish Heart Foundation has been elected to the Board of Directors of The Wheel.
The Wheel is Ireland’s national association of charities, community groups, and social enterprises. As a champion of Irish charities and community organisations, The Wheel facilitates networking across its 2,300 members, as well as the provision of practical information tailored to the needs of people working and volunteering in such organisations.
Dell Appoints New Managing Director for Irish Business
Dell Ireland has appointed a new managing director for its Irish business, with Catherine Doyle taking over the role. Formerly software leader for the Europe, Middle East and Africa region at Dell Technologies, Ms Doyle has held a number of roles at the company, including senior director of Dell strategic outsourcers for EMEA and regional sales director for Ireland and southwest UK for Dell EMC.
Pat O'Doherty Appointed Chair of Business in the Community Ireland
Former ESB Chief Executive Pat O'Doherty has been appointed as chair of the Business in the Community Ireland (BITCI), the business group that advises communities on collective action to drive societal change. O'Doherty is a chartered engineer and a fellow of Engineers Ireland. He is also Chairman of the National Apprenticeship Alliance, former Vice-President and President of Eurelectric, and currently Non-Executive Chairman of Mares Connect.
PM Group Appoints Anthony O'Rourke as CEO Designate
International project delivery specialists PM Group has announced the appointment of Anthony O'Rourke as Chief Executive Officer Designate. Anthony will succeed current CEO Dave Murphy, when he retires from PM Group in December 2023. Anthony joined the PM Group as an Executive Director in 2018. He will commence his new role as PM Group CEO on 1st January 2024.
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Corporate Sustainability Reporting Directive - Implementing and Delegated Acts
The European Commission, on 31st July 2023, adopted the European Sustainability Reporting Standards for use by companies subject to the Corporate Sustainability Reporting Directive (CSRD). The CSRD empowers the Commission to adopt delegated and implementing acts to specify how competent authorities and market participants shall comply with the obligations laid down in the directive.
Corporate Sustainability Reporting Directive - Glossary of Terms & Acronyms
A glossary of terms and acronyms have been made available to assist those reading and applying the European Sustainability Reporting Standards.
Proposed Policy Response to the Public Consultation on the Corporate Sustainability Reporting Directive
The Department of Enterprise, Trade and Employment released a policy paper that presents the proposed policy response to the Member States options and other policy choices identified during the public consultation on the Corporate Sustainability Reporting Directive.
Ministers Richmond and Calleary Launch Ireland's AI Standards and Assurance Roadmap
Recently Minister Neale Richmond TD and Minister Dara Calleary TD launched Ireland's Artificial Intelligence (AI) Standards & Assurance roadmap. This roadmap is a key deliverable of Ireland’s National AI Strategy to develop and utilise Artificial Intelligence for the benefit of Irish society, and is firmly rooted in supporting Ireland's implementation of the EU AI Act.
Minister Calleary Encourages Businesses to Engage on New Sustainability Reporting Standards
Minister of State, Dara Calleary TD recently held a webinar informing businesses of new responsibilities under the Corporate Sustainability Reporting Directive (CSRD). He encouraged businesses to engage with ongoing consultations underway in the European Commission on the new Sustainability Reporting Standards.
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The IoD Ireland Board Evaluation Service allows your organisation to learn how effectively your board is executing its roles and responsibilities. The service is efficient, robust, and completely confidential. | |
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IoD Ireland's Boardroom Centre is the leading independent source of non-executive directors and chairpersons in Ireland, and supports IoD members on their non-executive journey.
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IoD Ireland's Bespoke Board Training in corporate governance delivers, in a confidential setting, effective solutions for the development needs of your board.
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General Queries
Should you have any queries relating to anything in this newsletter please get in touch with the IOD Communications Team.
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