IoD Ireland Members' Update
May 2023
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Dear Anne,
I hope this finds you well.
As you will be aware we have research out in the field at the moment to gather your views on the Central Bank of Ireland's consultation on the Individual Accountability Framework (IAF). This request is specific to members who work in the financial services sector, and I would like to thank all of you who have already responded to this survey. These findings will feed directly into IoD Ireland’s formal response to the consultation and will provide valuable insights.
As part of work on this area, I am delighted to announce we will be hosting an event with Gerry Cross, Director of Financial Regulation Policy and Risk, Central Bank of Ireland, on the IAF consultation. Details of the event will follow shortly, but for now ‘Save the Date’ for the morning of 1st June. We will also continue to provide guidance and support on this area, please see below to a recent Director Factsheet and webcast.
This ezine’s issue 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 Jim Mooney. Our condolences to Elaine, Kate, Ciara, Erika and Jim's 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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The Individual Accountability Framework | |
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Member Survey
If you work in the financial services sector, we would be grateful if you could share your views in our survey about the Individual Accountability Framework.
IoD Ireland is reviewing and responding to this consultation through the lens of best-in-class governance, with the aim of feeding back insights and perspectives from our membership and fulfilling our mission to make Ireland an exemplar of corporate governance standards. We will also continue to share expertise on this area, such as through the below Director Factsheet and webcast.
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Director Factsheet
Read this Director Factsheet, courtesy of McCann FitzGerald, highlighting the key aspects of the Central Bank Consultation on the Individual Accountability Framework.
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Please note: To view this members’ only content, you must be logged into the members' area of our website.
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Webcast
Watch back this Briefings webinar with Josh Hogan, Partner, McCann FitzGerald LLP, and Donal Hamilton, Partner, Employment, Pensions and Incentives Group, McCann FitzGerald LLP. The session is titled, 'The Senior Executive Accountability Regime (SEAR): What Directors Need to Know and Do'. This webinar was recorded on 1st December 2022, and looks at the discussed implementation of the new regime, and provides guidance and advice for directors.
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. | |
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How Sustainability is Changing the Role of a CFO
Thursday, 11th May 2023 | 9:30am-10:30pm | Webinar
Join our upcoming Briefing webinar with Ken Bowles, Group Chief Financial Officer, Smurfit Kappa, who will explore the direct impact that sustainability practices have on financial performance.
The IoD Briefings Series is sponsored by Accenture.
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State Boards Positions: Recruitment Advice and Guidance
Thursday, 25th May 2023 | 9:30am-10:30pm | Webinar
Book your place on our upcoming webinar with Margaret McCabe, Chief Executive, Public Appointments Service, and Michelle Noone, Head of Senior and Executive Recruitment, Public Appointments Service, as they address the State Board recruitment process, and what potential applicants should be mindful of before they submit their application.
The IoD Briefings Series is sponsored by Accenture.
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The Changing Role of the Company Secretary
In-class Workshop | Irish Management Institute
9th May 2023 | 9:00am - 4:30pm
Get a detailed and practical review of the fundamental elements of a company, its board and governance structure, and the role of the company secretary from both the legislative and best practice perspective, in this workshop led by John Smyth CDir, Chartered Director.
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Getting Yourself Board Ready
Online Workshop
11th May 2023 | 9:30am - 12:30pm
Understand board fundamentals, director effectiveness and best practice, in this essential workshop led by Carol Bolger CDir, Chartered Director.
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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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Data Protection - A Boardroom Matter | Webcast
Watch back our webcast with Helen Dixon, Commissioner, Data Protection Commission, who outlined key developments on the fifth anniversary of the application of the General Data Protection Regulation (GDPR). This webinar was recorded on Thursday, 13th April 2023.
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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Companies Registration Office Filings
Our latest Director Factsheet, from McCann FitzGerald LLP, is a briefing which highlights Companies Registration Office (CRO) filings, and the upcoming requirement to provide Personal Public Service Number or Verified Identity Number, which was set to come into effect on 23rd April 2023. Please note this launch is currently delayed and the CRO have noted that they will announce confirmation of the new go live date shortly.
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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ESG Reporting and the Annual Report: What Directors Need to Know | Webcast and Slides
Watch back this webcast with Kevin Prendergast, Chief Executive, Irish Auditing & Accounting Supervisory Authority, as he outlines what directors need to know on this essential topic. The slides are also available on this website page.
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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Featured Member Benefit
Complimentary Airport Lounge Access
All IoD Ireland members can enjoy complimentary access to airport lounges in Dublin, Cork, Shannon, as well as 16 executive airport lounges in the UK and Europe.
Please visit our website for the full list of participating Airports and for further information on this exclusive offer.
Please note: To view this member offer, you must be logged into the members' area of our website.
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Meet a Member
Robert Wasson CDir
Robert Wasson CDir is a Non-Executive Director for the Sustainable Energy Authority of Ireland (SEAI), and Managing Director of Transition Consulting Ltd.
Robert founded Transition Consulting Ltd in 2016, and has served on the Board of the Sustainable Energy Authority of Ireland, as a Non-Executive Director since 2022. As a management consultant he previously led KMPG’s Strategy and Organisation Review practice, and founded Watershed Interim Management.
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Members in the News
Peter Rossiter has been appointed to the Financial Services and Pensions Ombudsman Council for a five-year term. Peter Rossiter is a Chartered Accountant, and former Chief Risk Officer with extensive banking experience in OECD and emerging markets. Peter has held C-suite roles in publicly-quoted financial institutions.
Anne O'Leary has been appointed as the Head of Meta Ireland. Anne O'Leary was previously Chief Executive of Vodafone Ireland, a position she held for 14 years. She will continue in her role of Vice President of Meta's Europe, the Middle East and Africa (EMEA) and global business group.
Charley Stoney has been appointed as Chair of the European Association of Communication Agencies' (EACA) National Agencies' Associations Council. She is currently the Chief Executive Officer of the Institute of Advertising Practitioners in Ireland (IACP), a role she has held since June 2018.
David McGarry has been appointed as prospective Chair of Tailte Eireann. David McGarry is a Chartered Accountant and has previously sat on the boards of Bus Eireann and Indaver. A former Chief Financial Officer of Shannon Group, McGarry has extensive experience in M&A, corporate development, and investment banking.
Professor Ursula Kilkelly CDir has been appointed as the new Vice President for Global Engagement at University College Cork, a role she will assume on 1st June 2023. She has been Head of the College of Business and Law since 2013, and sits on numerous boards, including the Irish Management Institute and Hockey Ireland.
Ali Curran and Sinead O'Sullivan have been appointed to the Board of the Irish Museum of Modern Art (IMMA) for a five-year term. Ali Curran is a Director of CHL Consulting Ltd., and a certified Management Consultant. Sinead O'Sullivan is currently the Adjunct Professor of Aerospace Engineering at the New Bauhaus Institute.
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Welcome to Our Newest Members
A warm welcome to some of our newest members:
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| Amanda Cahir-O’Donnell, Managing Director, TIO Consulting Ltd. | Michelle McBride, Retail Director, Butlers Chocolates UC | | Adele Cooper, Non Executive Director, Motorpoint PLC | Jacqui McCrum, Secretary General, Department of Defence | | Henry Daly, Director, Org Advisory | Marguerite Murphy, Executive Director, Servisource Limited | | Tom Egan, Operations Manager,
Bord Na Mona | Gary O’Brien, Sales Manager, Capella | | Kieran Hanrahan, PhD Candidate, Researching Corporate Social Responsibility Practice in Ireland | John O’Grady, Chief Financial Officer, FBD Holdings PLC | | Patrick Hayes, CEO & Director, Soldo Financial Services Ireland DAC | Jenny Paetzold, Chief Operating Officer, Teneo | | |
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Updates to the Central Bank of Ireland’s Fitness and Probity Enforcement Procedures
The Central Bank of Ireland have updated their procedures for fitness and
probity investigations, suspensions and prohibitions. The updated procedures (regulations and guidance, referred to below) apply from 20th April 2023 and are available on their website. For further reference, see an industry letter from the Central Bank of Ireland.
Public Consultation Launched on Proposals to Enhance the Companies Act 2014
Minister of State for Trade Promotion, Digital and Company Regulation, Dara Calleary TD, is to launch a public consultation on proposals to enhance the Companies Act 2014. The Department of Enterprise, Trade and Employment will seek 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.
Diagnose your SME’s Cybersecurity and Scan for Recommendations
The European Union Agency for Cybersecurity (ENISA) releases a tool to help Small and Medium Enterprises (SMEs) assess the level of their cybersecurity maturity. To evaluate your enterprise's security visit the ENISA website.
Stability Programme Update 2023 Published
The Minister for Finance, Michael McGrath TD and the Minister for Public Expenditure and Reform, Paschal Donohoe TD, published the Government’s Stability Programme Update for 2023 on 18th April 2023. This document sets out macroeconomic and fiscal forecasts for the periods 2023-2030 and 2023-2026 respectively. Find out more.
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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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