IoD Members' Update
June 2021

Dear Member

The ongoing rollout of the national vaccinations programme is offering real hope to business and wider society alike. The sense of increased optimism is tangible and in stark contrast to the dark days of winter. Caution is still the watchword, of course, but a return to some semblance of ‘normality’ by the third and fourth quarters of the year appears to be very much on course.

Throughout the pandemic, the Institute of Directors (IoD) in Ireland has offered original content and expert insights to our members, such as through our exclusive webinars, Director Factsheets, blogs, members' ezine, and much more. Our in-demand Chartered Director Programme – the only one certified as ‘Chartered’ in Ireland - has also continued apace, as have our training workshops and member online networking events. Networking is a key aspect of IoD membership and we hope you find these of interest. In due course, we also hope to resume in-person member events as soon as public health considerations allow.

I would like to offer my congratulations to Imelda Reynolds, who was recently elected President of the IoD Ireland Council. My thanks, too, to former President, Harry Lorton, and to former Director and Company Secretary, Liam Daniel.

Stay safe and well.

Maura Quinn
Chief Executive
Institute of Directors (IoD) in Ireland
Director Factsheet: Acquisition of Non-UK Companies
McCann FitzGerald Factsheet
June 2021


Our latest Director Factsheet, from McCann FitzGerald, looks at the The National Security and Investment Act 2021 (the “Act”), which was passed into law on 29 April and is expected to enter into force later this year pending secondary legislation.

The Act overhauls the UK's national security screening regime, conferring power on the UK Government to investigate, impose conditions on or block investments which pose an unacceptable risk to national security.

Our sincere thanks to McCann FitzGerald 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.
The IoD Blog: Digital or Die? New Priorities for Boards in a Post-Pandemic World
In a timely insightful blog, Aileen O’Toole CDir, notes that, ‘As economies re-open, forecasters expect that customers will not revert to pre-COVID habits and that advances in digitisation will be retained – and even further accelerated. This raises fundamental questions for boards about their strategies and specifically their roles in digital transformation.’

Aileen, who combines independent non-executive director roles with digital strategy consulting assignments, writes:Digitisation needs to move from the periphery to become a top priority for boards, given profound changes in customer behaviours, markets, supply chains, innovation and workplaces during the pandemic.’

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 pomahony@iodireland.ie or call 01 411 0010.
How to Network Successfully in a Virtual World:
Catch-Up On the IoD Website
Our Online Networking Event series continues to be popular with members. The sessions include a presentation from Jean Evans, Founder, NetworkMe, titled 'How to Network Successfully in a Virtual World', as well as allowing members to network in a number of break-out sessions. 

If you would like to revisit Jean’s presentations, or if you were unable to attend, the four presentations to date are available on the IoD website. Each presentation covers some different topics and strategies on how to successfully network. View the presentations below:

  • In the May session, Jean’s presentation focused on providing tips and strategies to ensure successful online networking.
  • In the April session, Jean explored LinkedIn content management, and how to use this to network strategically. Jean also provided tips and strategies to ensure successful online networking.
  • In the March session, Jean outlined key tips on: LinkedIn, including your personal brand and profile; networking online; virtual networking etiquette; maximising online networking opportunities; and nurturing your network.
  • In the February session, Jean outlined key tips on: networking online; virtual networking etiquette; maximising online networking opportunities; and nurturing your network.

Please note: To view this members’ only content, you must be logged into the members' area of our website.  For more event presentations, please visit our website.
IoD Webcast: The Cloud Imperative – Why Cloud is the Most Value Creating and Disruptive Technology of Our Time
In this IoD Briefings Webinar, recorded on Thursday, 6th May, Donal Óg McCarthy, Managing Director, Cloud First Leader, Accenture, presented his webinar titled, 'The Cloud Imperative – Why Cloud is the Most Value Creating and Disruptive Technology of Our Time'.
In this exclusive webinar, Donal Óg discussed the impact that cloud is having on businesses in Ireland and around the world; how COVID-19 has turned cloud from an aspiration to an urgent mandate for many organisations; the key drivers for adopting cloud; and the challenges and risks that businesses face when adopting cloud.
This webinar is part of our IoD Briefings Series sponsored by Accenture.

Please note: To view this members’ only content, you must be logged into the members' area of our website. For more webcasts, please visit our website.
Meet a Member
Michael Furlong has been Managing Partner of The Grey Matters Network for six years. Michael has worked across several sectors in CIO, COO, CEO roles for large corporates, and has had the opportunity to work across the UK, mainland Europe and India. His experience was mainly in large complex operations, Fintech, Energy and Consulting.

Over the last six years he has had a number of non-executive roles in IT start ups, and has served on the national council of ISME (the Irish SME Association). He established and runs The Grey Matters Network, which provides access to experienced practitioners/professionals for interim, project or mentoring assignments.

What qualities do you think a business leader should have to succeed in business?
Significant experience based on failure and success, the wisdom to know when you need help/advice before proceeding, and the confidence to execute when you know you are ready.

What do you value the most from your IoD membership to date?
Being part of a well-managed and strong network of like-minded individuals, access to relevant and current commentary/thought leadership/events, and a source of solid independent advice.
 
What do you hope to gain from your membership with the IoD?
As a new member, to ensure I am maximising the ability to leverage the significant knowledge bases available, participate in the relevant online events, and use the various resources within the IoD as a highly credible sounding board.
Extra Cohort Now Open: IoD Chartered Director Programme
The IoD’s Chartered Director Programme is the only Programme in the Republic of Ireland that provides the full designation and recognition as a professional Chartered Company Director (CDir).

An extra cohort has now been added to enable five cohorts to start in September 2021 and finish in June 2022. Places will shortly be circulated for Cohort 74 to those who have completed the expression of interest form.

To book your place on this prestigious programme, please submit an Expression of Interest form. For more information, please contact the training department on 01-411 0010 or email training@iodireland.ie.

*Subject to Government health guidelines and other public health requirements, this programme will be delivered in a classroom setting. However, online/virtual delivery will be considered where appropriate or necessary.
IoD Webcast: Diversity and Inclusion: The Changing Landscape for Directors
In this Lunch Bites @ the IoD Webinar, recorded on Thursday, 13th May, Charlotte Valeur, Founder, Global Governance Group, presented her webinar titled, 'Diversity and Inclusion: The Changing Landscape for Directors'.
The webinar explored the importance of diversity and inclusion in the boardroom and the workplace.
This webinar is part of our Lunch Bites @ the IoD Series, and is sponsored by IQ-EQ.

Please note: To view this members’ only content, you must be logged into the members' area of our website. For more webcasts, please visit our website.
Welcome to Some of Our New Members
A warm welcome to some of our newest members:

  • Dr Lynsey Quinn, Business Development Manager, The Open University in Ireland
  • Raymond Carney, Director of Procurement, Product & Trading, Portwest UC
  • Michael Furlong, Managing Partner, The Grey Matters Network
  • Dr Rachel Widdis, Non-Executive Director, Dublin Bus
  • Brendan Murphy, Tax Partner, Roberts Nathan
  • Monica Nally Hennessy, Consultant Solicitor, Hayes LLP
  • Hilary Murphy-Fagan, Chief Executive, National Shared Services Office.

The IoD's Boardroom Centre
The IoD’s Boardroom Centre is the leading independent source of non-executive directors and chairpersons in Ireland.

The Boardroom Centre provides two services: working with companies to recruit non-executives to their boards, and supporting IoD members on their non-executive journey.

  • For Companies: The Boardroom Centre is a dedicated and independent service which assists client companies to source and appoint independent non-executive directors and chairpersons to their boards. Our panel of available candidates comprises some of the most experienced senior business leaders in Ireland, all of whom are members of the Institute of Directors in Ireland. We work with a company from developing the criteria for their ideal candidate through to the appointment process and remuneration guidelines.
  • For Directors: The Boardroom Centre provides advice to IoD members on preparing themselves for the role of non-executive director. Members can also apply to join the Boardroom Centre’s confidential panel of available non-executive directors.

If you would like to know more about what the Boardroom Centre can do for you and/or your organisation, please visit our website or contact Thora Mackey directly.
On the Bright Side…
Positive News in Business
While there may be many negative business stories in the news recently, there are also plenty of positive ones. Here are just a few stories we have selected:

Policy and Announcements Hub
Extension of Eligibility of Small Business Assistance Scheme for COVID
The Government has extended eligibility for the €60 million Small Business Assistance Scheme for COVID (SBASC) to include businesses operating from a non-rateable premise like a home business or yard. Self-employed working from home, wedding planners, on-course bookmakers, travel counsellors and photographers among those expected to benefit. It is also launching the Micro Enterprise Assistance Scheme so that the smallest businesses, those with a turnover of less than €50,000, can apply for a grant of €1,000 to help with fixed costs.
 
Small Company Administrative Rescue Process
The Department of Enterprise, Trade and Employment has announced the publication of further information on The Companies (Small Company Administrative Rescue Process and Miscellaneous Provisions) Bill 2021. The Bill amends the Companies Act 2014 to provide for a new dedicated rescue process for small and micro companies.
 
Public Consultation on Forthcoming Legislation to Modernise Consumer Protection
A public consultation has been announced regarding the General Scheme of the Consumer Rights Bill 2021 to consolidate and modernise consumer protection legislation. The Scheme represents "the most far-reaching reform of consumer law in decades". Public Consultation on the General Scheme is open until 30th June 2021.
IoD and Members in the News
IoD Member Benefit: The Business Post Digital Subscription
There is an exclusive subscription rate for IoD Ireland members to the Business Post digital subscription.
IoD members can subscribe to the digital edition of the Business Post for €90 + VAT (9%) for 12 months. This is reduced from the current special offer of €149 for 12 months.
Each digital subscription will include: full access to the Business Post website with daily news updates; access to the Business Post e-reader; access to daily newsletters from Monday-Sunday; access to the archive; and access is also available on three different devices.
COVID-19: Information and Resources
Work Safely Protocol
The Work Safely Protocol is the second revision of the Return to Work Safely Protocol, first published in May 2020. The updated Work Safely Protocol provides guidance on ventilation and vaccinations as part of the range of measures to prevent the spread of COVID-19 as well as information on how to approach the use of antigen testing in the workplace. Government is now urging employers and their staff to read the Protocol as it reflects the most up to date public health advice for the workplace.

More Phased Easing of Public Health Restrictions
The Government has outlined the latest measures designed to ease some of the restrictions put in place to counter the prevalence of COVID-19 in the community.

The next key dates for the easing of further restrictions are 2nd June and 7th June, while a number of higher-risk activities will be considered at the end of June for later in the year.  

National Vaccinations Programme
The National Vaccinations Programme is continuing to make progress and "thanks to the extraordinary efforts of the Irish people, there has been a marked improvement in the status of the virus in the community". View the latest statistics and demographic breakdowns on the Government's COVID-19 Data Hub.
Get the Most Out of Your Membership
with the IoD Ireland Website
Have you reset your password and accessed the new members' area on the IoD Ireland website? If so, you will have already gained access to our exclusive member only content, such as webcasts, Director Factsheets, blogs and much more.

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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