IoD Members' Update 
February 2022
Dear Member

The lifting of many of the public health restrictions has provided a bright and encouraging start to the new year. So, did our recent event with Gabriel Makhlouf, Governor, Central Bank of Ireland, when he outlined his expectation that growth would return to pre-pandemic levels, however, he did warn about the rising cost of inflation. The recording of this webinar is now available on the IoD Ireland website as a webcast, exclusive to all members. 

The IoD looks forward to the return of our live in-person events over the coming weeks and months, offering our members the chance to listen and engage with expert speakers and, also, to meet their fellow members, some for the first time. We will be announcing these events in due course. That said, we will also be retaining our webinar offerings, so we will be moving forward into this new future with a blend of in-person and online events and professional development.

On that note, we are delighted to present renowned writer, communicator and strategist, Alastair Campbell, at our Lunch Bites @ the IoD webinar on Thursday, 10th February. It is sure to be an engaging and thought-provoking session, and you can book your place below.

Our latest quarterly Director Sentiment Monitor (DSM) report, published just last week, has some interesting new findings in regard to Environmental, Social and Corporate Governance (ESG) issues, which have increased in significance since the onset of COVID-19, as well as sentiment findings in relation to the appeal of serving on boards, inflation and supply chain issues, the economy, and more. The findings, which garnered considerable attention from national and local media, are invaluable to the IoD and we sincerely appreciate our members taking the time to consider the questions in this research. Thank you.

For more information on upcoming workshops, the latest content, such as webcasts, blogs, and more, please see below.

Thank you.

Maura Quinn
Chief Executive
Institute of Directors (IoD) in Ireland
Lunch Bites with Alastair Campbell, Writer, Communicator and Strategist
Thursday, 10th February 2022 | 12:00 -12:45 pm
Book your place on our upcoming Lunch Bites @ the IoD webinar with Alastair Campbell, Writer, Communicator and Strategist, on Thursday, 10th February. 

Alastair will reflect on the current political and social economic environment in a session titled, 'What on Earth Is Going On?'

The Lunch Bites at the IoD Series is sponsored by IQ-EQ.
Director Factsheet | Companies (Corporate Enforcement Authority) Act 2021: Welcome Updating of Companies Legislation
McCann FitzGerald LLP Factsheet
February 2021


Our latest Director Factsheet, from McCann FitzGerald LLP, looks at the Companies (Corporate Enforcement Authority) Act 2021 (the “Act”), which was signed into law on 22nd December 2021 and, although not yet commenced, it is expected that a commencement order or orders will be made in early 2022. The primary purpose of the Act is to transform the Office of the Director of Corporate Enforcement into a statutory and independent agency (to be known as the Corporate Enforcement Authority or “CEA”) with additional resources to investigate and prosecute so-called white-collar crime. However, the Act also makes a range of changes to companies legislation generally, on which this briefing focusses.

Our sincere thanks to McCann FitzGerald LLP for their ongoing assistance in producing the IoD Factsheets.

Please note: To read this members’ only content, you must be logged into the members' area of our website. For more Director Factsheets, please visit our website.
IoD Webcast with Gabriel Makhlouf, Governor, Central Bank of Ireland
Watch this IoD Webcast, recorded on Monday, 24th January, with Gabriel Makhlouf, Governor, Central Bank of Ireland, on his webinar titled, 'The Economic Outlook for the Year Ahead'

In the session, the Governor offered his thoughts on the Irish economy for the year ahead, including the latest OECD growth figures, which note that growth should return to pre-pandemic levels. He also addressed: rising inflation; the role of exports; employment and the changing labour force; diversity; personal consumption; the new Central Bank of Ireland strategy; and much more. 

This webinar gained extensive coverage in media outlets such as RTE 1 television's News at One programme, RTE Radio 1, RTE.ie, The Irish Times, Irish Independent, Business Post, and BizPlus.ie.

Please note: To view this members' only content, you must be logged into the members' area of our website. 
IoD Essentials Workshop Series: Upcoming March Workshops 

Trainer: Marie Collins, Chartered Director 
Date: Wednesday, 9th March
Time: 09:30-12:30
Format: Online workshop
Cost: €225 ex VAT for IoD members, and €275 ex VAT for non-members. 


Trainer: Professor Simon Haslam, Chartered Director 
Date: Tuesday, 15th March
Time: 09:30-12:30
Format: Online workshop
Cost: €225 ex VAT for IoD members, and €275 ex VAT for non-members.

Research Results: IoD Director Sentiment Monitor
Q4 2021
The IoD Ireland Director Sentiment Monitor (DSM) tracks our members’ sentiments across a range of issues on a quarterly basis.

The latest research covering the period Q4 2021 has just been published. You may have already read or heard about the research on major media outlets such as RTE’s Morning Ireland programme, RTE.ie, Newstalk, The Irish Times, Irish Examiner, Thinks Business, Irish Tech News, and a host of local radio stations and newspapers.

Our Director Sentiment Monitor research for Q4 2021 has found further evidence of the growing importance of Environmental, Social and Governance (ESG) but the report also reveals challenges at board level. The research also contains sentiment findings in relation to the appeal of serving on boards, inflation and supply chain issues, the economy, and more.
The IoD Blog | Why Does Diversity and Inclusion Matter?
In our latest exclusive blog, Rosemary Keogh, Chief Executive Officer, Irish Wheelchair Association offers her expert insights on diversity and inclusion and poses the question, 'Why Does Diversity and Inclusion Matter?'

'While increased focus on diversity and inclusion has to be welcomed, to make meaningful and lasting change," she writes, "boards and business leaders must implement policies and embed a culture of belonging that celebrates differences and enables all of their employees to develop and thrive."

Previous blogs are available on our website. If you are interested in contributing to our blog or for further information, please contact Paul O'Mahony at [email protected] or call +353 1 411 0010.
 IoD Webcast Recording: The Irish Property Market Outlook - with Marian Finnegan, Sherry FitzGerald
Watch this webcast, recorded on Thursday, 13th January 2022, with Marian Finnegan, Managing Director of Residential and Advisory, Sherry FitzGerald Group, on her session titled, 'The Irish Property Market Outlook'.

In this session, Marian gave an up-to-date commentary on trends in all sectors of the Irish property market, and an assessment of the prospects for the sector in 2022 and beyond.

This webinar is part of our IoD Briefings Series and is sponsored by Accenture.

Please note: To view this members' only content, you must be logged into the members' area of our website. 
Meet a Member | Scott Ellis, Client Director 
Scott Ellis is part of the leadership team at Gate One, a digital and business transformation consultancy focused on designing and delivering meaningful change.

What do you value the most from your IoD membership to date? 
I have been hugely enthused by the quality of speakers, insights and inspiration from the exclusive events I have attended to date. In addition, I have come to realise the fantastic supporting resources and materials provided that are tailored to the specific challenges faced by directors in Ireland. 

How do you think business leaders can best prepare for the future? 
The COVID-19 pandemic has upended business in Ireland as we know it. As we seek to ‘re-open’ for business, we should acknowledge learnings for business. There is an opportunity for leaders to reimagine their organisation’s identity, how it works, and how it grows in this new world. The first step is to lead with empathy and compassion as you reconnect and reenergise your teams. Out of every crisis lies opportunity and you can engage your people, tap into their expertise and insights, and jointly imagine new systems and ways of working that are flexible, integrated, productive and more human.
Welcome to Some of Our New Members
A warm welcome to some of our newest members:

  • Eileen Grace, Partner, Eugene F Collins Solicitors
  • Helene McManus, President, Irish League of Credit Unions
  • Scott Ellis, Client Director, Gate One
  • Damian Wallace, Managing Director, Wallace Financial Consultants
  • Randall Shannon, Executive Director, Wexford Festival Opera.
  • Colm Hanley, Head of Company Secretarial & Corporate Governance Services, LK Shields Solicitors LLP
Policy and Announcements Hub
Publication of Details of New Law on Remote Working
A new law has been published which will give employees the right to request remote working, as part of plans to make better terms and conditions for workers a legacy of the pandemic.

ISO 37000 - First Ever International Benchmark for Good Governance
Developed by experts and trusted voices from a wide range of organizations in over 70 countries around the world, ISO 37000 provides a single, globally accepted, benchmark for good governance. 

Public Consultation on EU Measures for the Disclosure of Income Tax Information
A public consultation has been announced seeking the views of interested parties on the implementation of Directive EU 2021/2101 on the disclosure of income tax information by certain undertakings and branches. The closing date for submissions is 5pm, on Friday, 18th February 2022.

Public Consultation on a Territorial System of Taxation
A public consultation has been launched seeking stakeholder views on a possible move to a Territorial System of Taxation. The consultation period will run from Wednesday, 22nd December 2021 to Monday, 7th March 2022.

Climate Toolkit Launched
A new Government website called climatetoolit4business has been launched to help businesses take practical and cost-effective actions to tackle their carbon emissions. 
Deliver Results for Your Board: IoD Ireland Board Evaluation Service
An IoD Ireland Board Evaluation will allow your organisation to learn how effectively your board is executing its roles and responsibilities.

Our team of Board Assessors include Chartered Directors and/or governance specialists - Dr Margaret Cullen, Carol Bolger CDir, Marie Collins CDir and Clare Duignan. Our Assessors have worked across sectors as diverse as telecoms, financial services, hospitality, property, healthcare, communications, construction, energy, and education.

Through the lens of best practice governance standards and your organisation’s business context, IoD Ireland's experienced Board Assessors examine how effectively your board and board committees are operating.
 
The service is efficient, robust, and completely confidential. It has an average completion term of just six weeks. Furthermore, the entire process can be undertaken virtually.
IoD Member Benefit: Tailored D&O Liability Cover with Glennon Insurance 
Glennon Insurance has created a tailored insurance solution for individual directors in Ireland, available only to IoD Ireland members.

This exclusive insurance scheme covers executive and non-executive directors, and senior management against legal actions and their costs, and helps protect personal assets.

Glennon Insurance is delighted to offer IoD members a complimentary and confidential consultation regarding Directors and Officers' (D&O) insurance.

In addition, Glennon Insurance has negotiated exclusive car and home insurance schemes for our members and their spouses or partners.
Get the Most Out of Your Membership
with the IoD Ireland Website
Make the most of your membership and explore the IoD Ireland website for exclusive content, offers, as well as booking webinars and workshops, and easily access your membership information. 

If you have not yet created your new login details, please follow the below steps to get the most out of your IoD Ireland membership:

Step one: browse to this IoD Ireland website page and on the left hand side of the screen in the 'Returning Members' section please press the 'Password Reset' button. Please then enter your email address to reset your password.

Step two: you will receive a ‘Password Set Request’ email. Please click on the link in this email to create your password and login to access the exclusive members’ area of the IoD Ireland website. (If you do not receive this email, please check your spam/junk email.)

If you have any queries or issues regarding the above, please contact the IoD Comms team.
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