IoD Ireland Members' Update
July 2022
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Dear Anne,
I hope to see many of you at our upcoming IoD Ireland Summer Reception at the Airfield Estate in Dublin, which is one of the highlights of the IoD’s events' calendar. It is a wonderful opportunity for IoD members to socialise and network with their fellow members in a relaxed environment at the historical Airfield House and its beautiful garden. There are limited places available and once booked out, a cancellation list will be in operation. More information below.
It is fair to say that environmental, social and governance (ESG) issues are very much in sharp focus for directors and senior business leaders in recent times. I am delighted, then, to say that our hugely popular course, ‘Leading Sustainability: What Directors Need to Know and How to Do It’, is now available for booking. There are limited places available for our autumn 2022 edition (see below), which begins in September and runs through to November.
On the topic of ESG, Chapter Zero Ireland held its first event for members last week, featuring special guest Paschal Donohoe TD, Minister for Finance, and President of the Eurogroup. The Minister commented that the purpose of Chapter Zero Ireland “is to build a community of non-executive directors and equip them to lead discussions on the impacts of climate change." You can join Chapter Zero Ireland via the link below.
We have circulated to members our Director Sentiment Monitor survey covering the second quarter of 2022 and we would appreciate and value your input. If you have not yet completed the survey, there is a link below and it takes approximately four minutes to complete. Thank you.
Finally, I would like to draw your attention to the Global Network of Director Institutions’ (GNDI) first 24-hour virtual global conference which takes place on 13th and 14th July – details below. The line-up features a fascinating range of speakers from around the world, including Carol Bolger CDir, Chair of An Post.
Wishing you all a very enjoyable summer.
Thora Mackey CDir
Chief Operating Officer
Institute of Directors (IoD) in Ireland
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Have Your Say - IoD Survey
IoD Ireland values your views. Our latest research, the Director Sentiment Monitor for Q2 2022, is seeking your views on matters such as directors’ professional development and upskilling, succession planning, and recruitment to boards. In addition, we have seen widespread inflation, war in Ukraine, supply chain issues, Brexit tensions, and the ongoing COVID pandemic.
The survey is open to IoD Ireland members only. The average completion time is approximately four minutes and all responses are anonymous. We value your participation. Thank you.
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GNDI 24-hour Virtual Conference
13th and 14th July (GMT+0)
The Global Network of Director Institutes (GNDI) is an international network of 24 director institutes and was established to foster closer cooperation between its members, who are each recognised as the leading institute for directors and governance in their respective countries. IoD Ireland is a member of GNDI.
The GNDI will be hosting its first virtual global conference this month. This global conference will celebrate the 10th anniversary of the GNDI and aims to bring together thought leaders and directors from our 24 member countries.
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Book Now | Leading Sustainability: What Directors Need to Know and How to Do It
IoD Ireland Online Course
Equip yourself with the knowledge and skills to strengthen your organisation's orientation towards sustainability, with our latest ESG online course titled, ‘Leading Sustainability: What Directors Need to Know and How to Do It’.
The course will take place over four half day sessions between September and November and will cover the board’s role and the actions they need to do over four key areas. These will include: the governance agenda, the net zero agenda, the wider environment agenda, and the social agenda.
The course fee is €1,500 ex VAT for IoD members and €1,950 ex VAT for non-members.
To learn more about the course and to book your place, please press the 'Book Today' button below. Please note there are limited places available.
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Latest Qualified Chartered Directors Announced
Congratulations to our latest list of recently qualified Chartered Directors. As part of this qualification, newly qualified Chartered Directors may also use the designation CDir after their name.
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.
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Spotlight on Diversity and Inclusion in Financial Services Regulation
Our latest Director Factsheet, from McCann FitzGerald LLP, looks at the regulator focus on D&I, recent examples of European and domestic initiatives and also highlight the challenges for policy-makers in progressing the D&I agenda.
Diversity and inclusion (“D&I”) continues to be a key focus for regulators with both the Deputy Governor of the Central Bank of Ireland (the “CBI”) and the President of the European Central Bank (the “ECB”) emphasising that further progress is needed in this area.
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.
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Don’t Waste a Crisis: What Can Leaders Do to Respond to the Energy Crisis?
In this insightful blog, written exclusively for IoD Ireland, Dr Ciaran Byrne CDir, Director of National Retrofit, Sustainable Energy Authority of Ireland (SEAI) writes that, 'while we are in crisis mode now, there is an unparalleled opportunity for Irish business to create value in the transition to a net zero carbon society'.
Please note: To read 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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Current EU Priorities in a Shifting Geopolitical Landscape
Speaker: Frances Fitzgerald MEP
Sponsor: IQ-EQ
In this Lunch Bites @ the IoD webcast, recorded on Friday, 10th June 2022, Frances Fitzgerald MEP reflected on the threefold crises of the war in Ukraine, the COVID-19 pandemic, and Brexit, and how they are testing the capacity of the European Union and business.
Ms Fitzgerald also shared her unique perspective on these topics and also addressed upcoming equality legislation, including EU Directives on Pay Transparency, Women on Boards, and Violence Against Women.
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State Boards - Making a Difference
Speakers: Shirley Comerford, Chief Executive Officer, Public Appointments Service, and Michelle Noone, Head of Senior and Executive Recruitment, Public Appointments Service,
Sponsor: Accenture
In this IoD Briefings webcast, recorded on Thursday, 16th June 2022, Shirley Comerford, Chief Executive Officer, Public Appointments Service, and Michelle Noone, Head of Senior and Executive Recruitment, Public Appointments Service, presented their session titled 'State Boards - Making A Difference'.
In the course of their presentations, Shirley and Michelle addressed the State Board recruitment process, and what potential applicants should be mindful of before they submit their application.
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Meet a Member
Dennis Murray CDir, Executive Director, Chief Risk Officer
Dennis is an Executive Director and Chief Risk Officer (CRO) with a fund management company, Muzinich and Co. (Ireland) Ltd.
With almost 30 years of experience working in the International Financial Services sector in senior risk and investment management roles, Dennis has gained extensive professional experience in both the US and Ireland as a Senior Manager with Carne Group, Charles Schwab Corporation and Dexia Group, respectively. Dennis completed a Diploma in Company Direction through the Institute of Directors (IoD) in Ireland in 2016 and received the Chartered Director (CDir) designation in 2021.
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Members in the News
Ellen Farrell, who also holds a Diploma in Company Direction from the IoD, has been appointed as a member of the National Cancer Registry Board.
Laura Burke CDir has been elected as Vice-President of Engineers Ireland at its AGM. Ms Burke is also Director General of the Environmental Protection Agency.
Ruth McCarthy, CEO of Fexco Corporate Payments, has been appointed Chair of the FinTech & Payments Federation Ireland (FPAI), the representative body for the fintech sector in Ireland.
Dr Ann McGarry CDir has been appointed as one of four public interest members to the Pharmaceutical Society of Ireland Council (PSI), the pharmacy regulator.
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Featured Member Benefit
Complimentary Access to Airport Lounges
IoD Ireland members can gain complimentary access to airport lounges in Dublin, Cork, Shannon, as well as 16 executive airport lounges in the UK and Europe. The next time you are travelling for business or pleasure why not avail of this member benefit to ensure a relaxing travelling experience.
Please note: This benefit is open to IoD members only. To avail of this benefit and find out more about other exclusive IoD member benefits, click on the button below.
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First Chapter Zero Ireland Event
Chapter Zero Ireland held its first event for members on Monday, 27th June, with special guest Paschal Donohoe TD, Minister for Finance, and President of the Eurogroup. The Minister commented that its "purpose is to build a community of non-executive directors and equip them to lead discussions on the impacts of climate change."
Chapter Zero Ireland is the Irish Chapter of the Climate Governance Initiative, developed in collaboration with the World Economic Forum. Chapter Zero Ireland’s purpose is to build a community of non-executive directors and equip them to lead crucial boardroom discussions in Ireland on the impacts of climate change.
IoD Ireland is a founding body of Chapter Zero Ireland, alongside HSBC Ireland, Ibec, Chartered Accountants Ireland, and Deloitte Ireland. To become a member, press the Join Chapter Zero Ireland button below.
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Latest Government and Stakeholder News
New Social and Environmental Reporting Rules for Large Companies
From 2024, large companies will need to publicly disclose information on the way they operate and manage social and environmental risks. The Corporate Sustainability Reporting Directive (CSRD) will make businesses more accountable by obliging them to disclose their impact on people and the planet. The new EU sustainability reporting requirements will apply to all large companies (with over 250 employees and a 40 million euro turnover), whether listed or not.
Gender Pay Gap Information Act 2021
The Gender Pay Gap Information Act 2021 requires organisations to report on their hourly gender pay gap across a range of metrics. Organisations with over 250 employees will be reporting on their Gender Pay Gap for the first time in 2022. Organisations were asked to select a ‘snapshot’ date in the month of June. Their reporting will be based on the employees they have on this date. Organisations have six months to prepare their calculations before reporting six months later, during December.
Digital Transition Fund
The Government has announced a new €85 million fund to help businesses go digital - no matter what stage they’re at, or what sector they’re in. The Digital Transition Fund has been allocated funding of €85 million during the period to 2026 as part of Ireland’s National Recovery and Resilience Plan. The National Recovery and Resilience Plan (NRRP) has been developed by the Government so that Ireland can access funding under the EU’s Recovery and Resilience Facility.
Preliminary Results from Census 2022
The Central Statistics Office (CSO) has released the Preliminary Results from Census 2022. These preliminary results, published 12 weeks after Census night (Sunday, 3rd April 2022), are based on initial counts from more than 5,000 enumeration areas. Among its findings is the revelation that the state now has its highest population (5.1m) since 1841, which is 7.6% higher than the 2016 Census.
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Board Evaluation Service | |
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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Blogs
If you are interested in contributing to our blog or for further information, please contact Paul O'Mahony at pomahony@iodireland.ie or call +353 1 411 0010.
General Queries
Should you have any queries relating to anything in this newsletter please get in touch, and we'd be happy to help T: 353 1 411 0010. E: comms@iodireland.ie. You can also follow us on our social network channels, Twitter and LinkedIn.
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