IoD Ireland Members' Update
March 2023
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Dear Anne,
Diversity is thought of as being a key component to a company’s overall effectiveness, so found recent IoD research. By making diversity a boardroom and leadership priority, directors and business leaders can harness the many performance benefits it brings. These include, greater levels of innovation, enhanced financial results and stronger Environmental, Social and Governance (ESG) performance. This is perhaps a worthwhile reminder as today is International Women's Day (IWD), which this year is focusing on the theme of embracing equity. To mark IWD, we were delighted to partner with the Charities Institute Ireland (CII) to host a special event on the gender pay gap on Friday, 3rd March at the offices of Beauchamps LLP. Further details can be found below.
I would like to extend my sympathy once again on the passing of Council Member Gary Kennedy on Monday, 13th February 2023. Gary had been a member of IoD Ireland for many years and a member of Council since 2019. Gary was a warm and generous colleague and on behalf of the Council, staff and members of IoD Ireland, I would like to express my heartfelt condolences to his family, friends and colleagues.
This ezine’s issue also includes the latest events, director education programmes, exclusive content and benefits available to members, all outlined below. Finally, to note, IoD Ireland is currently recruiting for a number of new positions. Please feel free to pass this on to any colleagues or friends you think may be interested. All details can be found on our website.
Caroline Spillane CDir
Chief Executive Officer
Institute of Directors (IoD) in Ireland
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International Women’s Day Event 2023 | Gender Pay Gap
To mark International Women's Day (IWD) 2023, IoD Ireland was delighted to partner with the Charities Institute Ireland (CII) to host a special IWD event on the gender pay gap on Friday, 3rd March. The event was kindly hosted by Beauchamps LLP.
Imelda Reynolds CDir, President, IoD Ireland, and Chair, Beauchamps LLP, opened the event by reflecting on the theme of International Women’s Day 2023, Embracing Equity. The event featured a line-up of notable speakers who reflected their experiences and thoughts on the gender pay gap. The speaker line up included: Eleanor Nash, Chief People Officer, An Post; Rosemary Keogh, Chief Executive Officer, Irish Wheelchair Association; Sandra Masterson Power, Partner and Head of the Employment and Benefits Group, Beauchamps LLP; Áine Myler, Chief Executive Officer, Charities Institute Ireland; and Caroline Spillane CDir, Chief Executive Officer, IoD Ireland. Read more at the link below.
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ESG Reporting and the Annual Report: What Directors Need to Know | Webinar
Thursday, 23rd March 2023 | 9:30am - 10:30 am
Join this upcoming webinar with Kevin Prendergast, Chief Executive, Irish Auditing & Accounting Supervisory Authority (IAASA) on this key area.
The IoD Briefings Series is sponsored by Accenture.
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IoD Essentials Workshop Series
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Great Strategy in Uncertain Times | Online Workshop
15th March 2023 | 9:30am - 12:30pm
Learn to become a more strategic director with this workshop led by Professor Simon Haslam CDir, Chartered Director.
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Getting Board Information Right to Set Your Board Up For Success | In-person Workshop in IMI
21st March 2023 | 9:00am - 12:30pm
Learn how to make your board more effective with this workshop led by Dr Margaret Cullen, non-executive director.
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Finance for Company Directors | In-person Workshop in IMI
19th April 2023 | 9:30am - 12:30pm
Learn how to understand company accounts, evaluate financial performance, and more with this workshop led by Caroline Kirrane, Chartered Financial Analyst (CFA) Charterholder.
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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.
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Irish Merger Control 2022: Greater Regulatory Risk for Deal Makers | Director Factsheet
Our latest Director Factsheet, from McCann FitzGerald LLP, is a briefing which highlights that a review of merger notifications for 2022 shows a continuing trend of greater regulatory risk for deal-makers: deals are subject to greater scrutiny, conditions and indeed risk of prohibition. This year will see the introduction of a separate regime of Irish foreign direct investment screening.
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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Corporate Sustainability Reporting Directive: What Directors Need to Know and Do | Webcast
Are you ready for the Corporate Sustainability Reporting Directive? Watch back this webcast to learn more with Éamon Ó Cúiv, Partner, McCann FitzGerald LLP, as he outlines what directors needs to know and do.
The IoD Briefings 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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Economic Update 2023 | Presentation Slides of IoD Briefings Series Event
View this presentation by Jim Power, Economist and Media Commentator, on the key economic and political trends and events, both domestic and international, that will shape our lives in 2023 and beyond.
The IoD Briefings 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 event presentations, please visit our website.
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Why Passwords Are Not Enough: The Power of Multi-Factor Authentication for Business Security | Blog
Read this blog by John Heerey, Virtual Chief Information Officer (vCIO), IT Force, an Ekco company.
John writes: 'The IoD Ireland Director Sentiment Monitor Q4 2022 showed, for example, that 41% of its surveyed members had experienced a data breach, with 46% of these breaches occurring over the past year.'
He continues: 'By requiring multiple factors of authentication, MFA can greatly enhance the security of a system, as it becomes more difficult for an attacker to gain unauthorised access, even if they obtain one of the factors.'
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Featured Member Benefit
Discounted Rates at Original Irish Hotels
Original Irish Hotels are a collection of 56 unique, owner-run hotels, located in Ireland’s most outstanding destinations.
All IoD Ireland members can avail of a 15% discount on the best available rates. This offer is subject to availability and only applies to daily online rates, not special offers. Visit our website to find out more about this exclusive offer.
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Meet a Member
Brid Horan CDir, Chancellor, DCU, Chair, Irish Cancer Society and Nephin Energy Ltd, Non-Executive Director, PM Group
An IoD member since 1998, Brid trained as an actuary in Irish Life and later led KPMG’s Pensions & Actuarial Practice. Brid joined ESB as Group Pensions Manager in 1997, the Executive Team in 2006 (responsibilities included establishing newly branded and de-regulated Electric Ireland) and retired as Deputy CEO in 2014.
Brid also held Non-Executive roles in the IDA, the National Pensions Reserve Fund and FBD Holdings plc. She is now privileged to work with Dublin City University, Irish Cancer Society, Nephin Energy, and PM Group.
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Welcome to Our Newest Members
A warm welcome to some of our newest members:
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| Stephen Byrne, Strategy & Development Director, Mercury | Al Lawless, Managing Director, Automatic Plastics Limited, A Comar Company | | Jarlath Canning, Senior Vice President/Director, Maples Group | Catherine McManus, Operations Director Farming, Mowi Ireland | | Aidan Connolly, CEO, Idiro Analytics | Jane Madden, Board Director, Strategy, In the Company of Huskies | | Catherine Doyle, Senior Director, Dell Technologies Software Group Leader | Hilary Mitchell, Manager, Grant Thornton | | Victor Finn, Chief Executive Officer, IMRO | Mr. Tony Noonan, Managing Director, Oaktree Capital Ireland Limited
| | Michele Griffin, Senior Director, Primecore | Mark O’Dea, Managing Director, Techrete Group | | Tim Griffiths, Chief Executive Officer, Social Entrepreneurs Ireland | Mark Poland, Director of Buildings & Estates, University College Cork | | Aidan Horgan, COO, Spry Finance | Eddie Ryan, CEO, Kneat Solutions Ltd | | Tristan Jacob, Joint Managing Director, CLIFF Hospitality Group
| Patrick Shields, Joint Managing Director & Group Operations Director, CLIFF Hospitality Group | | Nicola Kearney, Business Consultant, Nicola Kearney Consulting Limited | Mark Shinners, Director & CFO, Atlantic Projects Company | | David Kelly, Managing Director, RVM Systems Limited Ireland | Neil Smith, Chief Delivery Officer, The Project Foundry | | |
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Directors' Handbook: Fifth Edition
The fifth edition of the Directors’ Handbook, produced in partnership with McCann FitzGerald LLP, reflects company law up to August 2022. A digital version of the Directors’ Handbook is exclusively available to IoD Ireland members at the below link.
All IoD Ireland members receive a hard copy of the Handbook when they join in their member pack, and a digital version is available to view at the below link. Additional copies of the Handbook are available to purchase for €15 by calling the office on +353 1 411 0010.
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A Handbook for Directors of Regulated Financial Services Companies in Ireland: Fourth Edition
The fourth edition of the ‘Handbook for Directors of Regulated Financial Services Companies in Ireland: Fourth Edition’, produced in partnership with McCann FitzGerald LLP, reflects law and regulations in force as of August 2022.
This version includes amends from the publication of the Central Bank (Individual Accountability Framework) Bill in July 2022, and the establishment of the Corporate Enforcement Authority (CEA) as a standalone agency, to replace the Office of the Director of Corporate Enforcement in July 2022.
A digital version of this Handbook is exclusively available to IoD Ireland members at the below link.
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Record Employment Levels in Companies Supported by EI, IDA and Údarás na Gaeltachta
The Minister for Enterprise, Trade and Employment Simon Coveney TD has published two surveys on the Irish economy, which demonstrate the strength of Ireland’s economy despite the challenges posed by the pandemic and Brexit: The Annual Employment Survey 2022 and the Annual Business Survey of Economic Impact.
Government Launches Two Programmes Worth €63 Million to Support Researchers
Two new programmes are being launched by the Irish Government to support innovators and researchers with more than €63 million in funding. The programmes are being administered by Enterprise Ireland, the Government agency responsible for the performance of Irish companies in global markets. The two initiatives aim to create new training programmes, boost research
commercialisation and improve the knowledge transfer (KT) sector.
Minister Calls for More Firms to Sign Up to ‘Ireland’s Women in Finance Charter’
Minister of State at the Department of Finance for Financial Services, Insurance and Credit Unions, Dr Jennifer Carroll MacNeill TD, has urged firms in the financial services industry to demonstrate their commitment to delivering gender balance by signing up to Ireland’s Women in Finance Charter.
European Commission Reportedly Bans TikTok from Corporate Devices
The European Commission (EC) has reportedly banned the use of TikTok, a popular video-sharing platform, on its corporate and personal devices enrolled in the Commission’s mobile device service. Read more on this Euractiv news story.
This EC ban was followed by the announcement in the USA on 27th February that the White House has given all federal agencies 30 days to wipe TikTok off all government devices, as the Chinese-owned social media app comes under increasing scrutiny in Washington over security concerns.
Corporate Sustainability Reporting Directive - Public Consultation
A reminder that 5pm on Thursday, the 9th March 2023 is the closing date for stakeholders and interested parties to make their views heard for the Department of Enterprise, Trade & Employment's Public Consultation on the Member State Options contained within the Corporate Sustainability Reporting Directive (EU) 2022/2464, ahead of its transposition into Irish law. Submissions should be marked Corporate Sustainability Reporting Directive and should be emailed to CSRD@enterprise.gov.ie. Further queries can also be made to that email address.
Temporary Business Energy Support Scheme
The Minister for Finance, Michael McGrath TD, has published the first three-month assessment of the Temporary Business Energy Support Scheme (TBESS). The TBESS was introduced to support qualifying businesses with increases in their electricity and natural gas (energy) costs over the winter months.
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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, 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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