IoD Ireland Members' Update
June 2023
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Dear Anne,
I hope this finds you well.
I would like to offer my congratulations to John Reynolds CDir, who was elected President of IoD Ireland at our AGM yesterday evening. I look forward to working with John to pursue our vision in making Ireland an exemplar of corporate governance, while continuing to support our members in their leadership journey. Additionally, I extend a warm welcome to our new Council members, Dr Terry McWade CDir, Martin Shanahan, and Fiona Tierney CDir.
My thanks also to former President, Imelda Reynolds CDir for all her support and leadership over her tenure as President. Both the IoD Council and Executive greatly benefited from her expertise and insight as President, and we are thankful for her dedication and commitment to IoD Ireland over the last two years.
Last week, we were delighted to host an event on the Individual Accountability Framework (IAF) with guest speaker Gerry Cross, Director of Financial Regulation - Policy and Risk, Central Bank of Ireland (CBI). The event provided members with the opportunity to directly engage with the CBI on this issue. Thank you to all of you who have responded and participated in the IoD submission for the IAF consultation. This insight is essential to allow us to provide real insight and depth and be the representative voice of directors in Ireland.
Please note, the Financial Reporting Council (FRC) has launched a public consultation on their proposed changes to the UK Corporate Governance Code. IoD Ireland will be supporting members on this key issue, for example, our dedicated Director Factsheet on the consultation, as well as reviewing and analysing the consultation.
This ezine's issue also includes the latest events, director education programmes, exclusive content and benefits available to members, all outlined below.
I would like to take this opportunity as well to extend my sympathy, on behalf of IoD Ireland, on the recent passing of member Kathryn Heslin. Our condolences to her extended family and friends. Ar dheis Dé go raibh a anam.
Caroline Spillane CDir
Chief Executive Officer
Institute of Directors (IoD) in Ireland
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New President and Board Members Appointed
IoD Ireland are delighted to announce the appointment of a new President and three new board members. At the Annual General Meeting (AGM) on Tuesday, 6th June, John Reynolds CDir was announced as the incoming President of IoD Ireland.
The new board members elected at the AGM were Dr Terry McWade CDir, Martin Shanahan, and Fiona Tierney CDir.
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Individual Accountability Framework: What Directors Need to Know Event
IoD Ireland hosted an event with guest speaker Gerry Cross, Director of Financial Regulation - Policy and Risk, Central Bank of Ireland on Thursday, 1st June. This event provided IoD members with the opportunity to hear directly from the Central Bank of Ireland on the Individual Accountability Framework (IAF), as well as providing members with the opportunity to seek clarification and ask questions.
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Lunch Bites @ the IoD Event with Fiona Mullan, Chief People Officer, Bloom & Wild
Wednesday, 14th June 2023 | 12:30 pm-2:00 pm | The Davenport Hotel
Join our upcoming Lunch Bites @ the IoD event with Fiona Mullan, Chief People Officer, Bloom & Wild, who will be discussing the important topic of organisation culture.
The Lunch Bites @ the IoD Series is kindly sponsored by IQ-EQ.
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Cyber Security: How to Face Resilience in the Face of Change
Thursday, 22nd June 2023 | 9:30 am-11:00 am | Accenture, Grand Canal Square, Dublin 2
Join our upcoming Briefing event with Jacky Fox, Managing Director, European Security Lead, Accenture, who will be in conversation with Sheila Byrne, Director Development and Training Manager, IoD Ireland, on the topic of cyber security and what business leaders need to do to ensure resilience in the face of change.
The IoD Briefings Series is sponsored by Accenture.
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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
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 (being announced soon).
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New Season of IoD Essentials Workshops Launched | September - November 2023
Our next season of IoD Essentials workshops are now available to book! Explore topics, such as 'Getting Yourself Board Ready' and 'Joining an Audit and Risk Committee.'
View our workshops page for more information on upcoming training sessions.
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Latest Qualified Chartered Directors Announced
We are delighted to publish the 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.
In the video below, Regina O'Connor CDir describes the benefits she received from completing the IoD Chartered Director Programme. Watch below.
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Financial Reporting Council (FRC) Consultation
Read this Director Factsheet, courtesy of McCann Fitzgerald LLP, which covers key considerations in regard to the UK Financial Reporting Council's consultation paper on the proposed changes to the UK Corporate Governance Code.
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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Risk Management: A Key Component of Corporate Governance
Watch back our webcast with Dr Margaret Cullen, Governance Advisor and Board Assessor, IoD Ireland, 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 webcasts, please visit our website.
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New EU Sustainability Disclosure and Due Diligence Rules
Read this Director Factsheet, courtesy of McCann Fitzgerald LLP, which highlights the latest key European legislation developments in the area of Environmental, Social and Governance (ESG).
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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How Sustainability is Changing the Role of a CFO
Watch back our webcast with Ken Bowles, Group Chief Financial Officer, Smurfit Kappa, who explored the direct impact that sustainability practices have on financial performance, and discussed its impact on board practices and priorities.
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 webcasts, please visit our website.
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State Board Positions: Recruitment and Advice
Watch back our webcast with Margaret McCabe, Chief Executive, Public Appointments Service, and Michelle Noone, Head of Senior and Executive Recruitment, Public Appointments Service, who addressed the State Board recruitment process, and what potential applicants should be mindful of before they submit their application.
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 webcasts, please visit our website.
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Four Trends That Companies Will Need to Address That Will Shape the Future of Business | Blog
Gain expert insights from Austin Boyle, Head of Technology, Accenture in Ireland, in this blog that discusses how emerging technology, such as generative AI, is resulting in major changes for businesses.
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Featured Member Benefit
Exclusive Access to Kildare Village
Kildare Village is a luxury shopping destination with 100 boutiques and pop-ups from the world's leading brands.
This new exclusive offer provides IoD Ireland members with the opportunity to: enjoy Kildare's private retreat, The Apartment, with complimentary refreshments; hands-free shopping; reserved parking; and loyalty programme rewards.
Please visit our website for further information on this exclusive offer.
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Meet a Member
Jennifer Chamberlaine
Jennifer Chamberlaine is a Non-Executive Director at .IE, the company that manages Ireland's country code domain name.
She works with boards, business owners, and marketing executives to deliver strategy, insight and scalable growth. Jennifer was previously the Head of Marketing and Business Development at DLA Piper. Previously she led marketing and communications at BearingPoint and Laser Card.
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Welcome to Our Newest Members
A warm welcome to some of our newest members:
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| Alan Barry, Chief Development Officer, Lidl Ireland & Northern Ireland | Michelle MacDonagh, CEO, Intelligent Enterprises | | Elizabeth Bothwell, Partner, Arthur Cox | Avril O’Hehir, Chief Administrative Officer, Lidl Ireland & Northern Ireland | | Jennifer Chamberlaine, Non-Executive Director, .IE | Cathal O’Toole, Head of Strategy and Commercial Operations, BT Ireland | | Ann Gaffey, EMEA Chief Actuary, MetLife | Katie Prendergast, CEO, The SCOOP Foundation CLG | | Séamas Griffin, Managing Director, Kirwan Funeral Directors | Ciarán Scolard, Managing Director, Ampersand | | Brendan Jackson, Director, Goodrock Project Management Limited | Neil Whoriskey, Secretary/Head of Internal Governance, Central Bank of Ireland | | Jill Lush, CEO, Lush Marketing Limited | Paul Wyse, Director, Evelyn Partners Ireland Limited | | Dr. Valerie Lyons, Chief Operations Officer, BH Consulting |
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Public Consultation Launched on Proposals to Enhance the Companies Act 2014
Minister of State for Trade Promotion, Digital and Company Regulation, Dara Calleary TD, launched a public consultation on proposals to enhance the Companies Act 2014 on Monday, 8th May. The Department of Enterprise, Trade and Employment is seeking views on a proposed Companies (Corporate Governance, Enforcement and Regulatory Provisions) Bill which will focus primarily on four areas of company law - corporate governance, enforcement, administration and insolvency.
The Financial Reporting Council (FRC) Launches Consultation on Revision to the Corporate Governance Code
The FRC has launched a public consultation on proposed revisions to the UK Corporate Governance Code. This follows the UK Government's response to the White Paper, Restoring Trust in Audit and Corporate Governance, which identified areas of reform related to a particular focus on directors' responsibilities for internal control, risk, audit and corporate reporting.
Amárach Research's Survey of Irish Attitudes to the Charity Sector Published by the Charities Regulator
The Charities Regulator has published a survey in conjunction with Amárach Research to gather the attitude of Irish citizens toward the charity sector. The survey showed strong public support for greater enforcement, tighter controls on charities by the Regulator, and more checks on charities’ activities.
The Corporate Enforcement Agency (CEA) Publishes Response to Recent Law Reform Commission Consultation Paper
The Corporate Enforcement Agency (CEA) published a response to the Law Reform Commission's consultation on the topic of club, societies, and other unincorporated associations liability.
Minister Burke Marks Ireland's Entry into the Cooperative Cyber Defence Centre of Excellence
Minister of State for European Affairs and for Defence, Peter Burke TD, has officially marked Ireland’s entry into the Cooperative Cyber Defence Centre of Excellence (CCDCOE). The Estonia-based multinational cyber defence hub allows members to work together and pool knowledge to combat cyber threats and enhance cyber defence.
Minister Smyth Welcomes the Establishment of New €4.2 National Cybersecurity Coordination and Development Centre (NCC-IE) Project
Minister of State at the Department of the Environment, Climate and Communications with responsibility for Communications, Ossian Smyth TD, has welcomed the establishment of a new National Cyber Security Coordination and Development Centre (NCC-IE) project for Ireland.
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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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