IoD Members' Update - October 2019
Our autumn programme of events and workshops have proven very popular. These have included events with Mark Kennedy, Managing Partner, Mazars (sponsors of the Breakfast and Evening series), Jane Suiter, Director, Fujo, and Peter Turley, Founder, SALESTalk. We have also held our annual Autumn Lunch, sponsored by Eversheds Sutherland, with our guest speaker Michael Stanley , who addressed IoD members and their guests.

Upcoming events include a Lunch Bites @ the IoD event, sponsored by IQ-EQ, with Eamon Ryan TD, Green Party Leader and TD for Dublin Bay South, on 17th October, as well as our annual Christmas Lunch on 13th December. We also have a great line up of workshops taking place across the country, including in Cork, Limerick and Dublin. Stay tuned for more events being announced soon.  

Congratulations are in order to all who have completed our Chartered Director Programme this year. Read more below.

Please get in touch if you have any queries with regard to your membership and contact   info@iodireland.ie .
IoD Autumn Lunch 2019
Addressing an audience of IoD members and their guests at the IoD Autumn Lunch 2019 in Dublin on 20th September, Mr Michael Stanley, Chief Executive Officer, Cairn Homes plc , outlined key issues facing the property and construction industry, such as access to funding and the need for innovation. He also noted the recent results from Cairn Homes plc. Mr Stanley also addressed the uncertainty surrounding Brexit.

The IoD Autumn Lunch 2019 was kindly sponsored by Eversheds Sutherland. Read more about the event: “Prove by doing” says Cairn Homes plc CEO at IoD Autumn Lunch Event .

Pictured (above) before the commencement of the event were (left to right): Harry Lorton, President, IoD Ireland; Michael Stanley, Cairn Homes plc; Maura Quinn, CEO, IoD Ireland; Alan Murphy, Managing Partner, Eversheds Sutherland
RIP
The Institute of Directors in Ireland wishes to express its condolences to the family, friends and colleagues of John Donnelly , IoD member, who sadly passed away recently.

Ar dheis Dé go raibh a anam.
McCann FitzGerald Factsheet
October 2019



Our sincere thanks to McCann FitzGerald for their ongoing assistance in producing the IoD Factsheets.

Remember, you need to be logged into the website to view the IoD Factsheets.
Isabelle O’Keeffe has been Principal at Sure Valley Ventures (SVV) for the past 18 months. SVV is an entrepreneur-led venture capital fund that invests in high growth, 'frontiers of tech' software companies, that are solving significant real-world problems through disruptive AR/VR, IoT and AI technology platforms. SVV is based in London and Cambridge in the UK, and Dublin and Waterford in Ireland.

What qualities do you need to succeed in business?

I believe that you need to have a large degree of determination, tenacity and ability to find proactive ways to deal with inevitable challenges that will arise. I think a key part to succeeding is listening to the people around you and not just speaking. In my career, I have faced several challenges and have always found that when I was stretched was when I learnt the most.

What, in your opinion, makes a great leader?
A laser focus on the vision of where they want to lead the organisation combined with the ability to flex the plan when faced with obstacles and work towards an end goal collaboratively with their team. I think that being able to communicate effectively is a vital leadership skill.
Newly Qualified Chartered Directors
The Institute of Directors (IoD) in Ireland is delighted to publish its list of recently qualified Chartered Directors. 

As part of this qualification, 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.
 
IoD Ireland offers its congratulations to all of our newly qualified CDirs .

We would also like to congratulate all of those who received their Certificate and Diploma in Company Direction last week in the National Concert Hall and, in particular, the six members who received distinctions in both their Certificate and Diploma.
Chartered Director Programme: Cohort 60
The Chartered Director Programme is comprised of 11 class-based learning days, together with a one-day preparation session for the Certificate examination and a half-day preparation session for the Diploma examination - 12.5 learning days in total.

The Programme has two commencement points in each calendar year, January and September, with up to eight cohorts per year. 

Read more about what's involved and about our next offering, Cohort 60 , which begins on 30th January 2020.
Featured Workshops
3rd October
Presenter: George Bartlett, Corporate Governance Expert

Time: 09:00 - 16:30

Venue: Irish Management Institute, Sandyford Road, Sandyford, Dublin 16

Cost: €425 ex VAT for IoD members/€485 ex VAT for non-members 

15th October
Presenter:  Carol Bolger CDir, Chartered Director, and Marie Collins CDir, Chartered Director

Time:   09:00 - 16:30

Venue: Irish Management Institute, Sandyford Road, Sandyford, Dublin 16
 
Cost: €425 ex VAT IoD members/€485 ex VAT non-members
5th November
Presenter: Dr Simon Haslam, Strategy Consultant

Time: 09:00 - 16:30

Venue: Clayton Hotel Silver Springs, Tivoli, Cork

Cost: €360 ex VAT IoD members/ €405 ex VAT non-members
28th November
Presenter:  Caroline Kirrane, Chartered Financial Analyst Charterholder

Time:   09:00 - 16:30

Venue: Limerick Strand Hotel, Ennis Road, Limerick
 
Cost: €360 ex VAT IoD members/€405 ex VAT non-members
Welcome to Some of Our New Members
Isabelle O'Keeffe , Principal, Sure Valley Ventures (SVV) 
Darina Sexton , Head of Business and Enterprise Communications, Microsoft Ireland
Imelda Rey , Managing Director, Irish Times Training
Colin Harris , Managing Director, VIP Recruitment
Professor Sharon Sheehan , Master/CEO, Coombe Women & Infants University Hospital
Cathy McGennis , Director, Habaca Ltd.
Finian Brett , CEO, AFEX Ireland Ltd
Neil Sullivan , Founder/Leadership Search Director, Hadfield Green - Technology Executive Search
Maureen Lynch , Chair, Board of Directors, Galway Simon Community
Sam Glynn , IT Adviser to the Board, Code in Motion Ltd.
John Power , Executive Coach, John Power & Associates
David Caraher , Vice President, Global Tax, Horizon Therapeutics
Cora Murphy , Clinical Director, The Care Team
Allison Coughlan , Head of Risk Management, eShopWorld
IoD Director Sentiment Monitor
We would like to express our gratitude to all members who have taken part in our quarterly Director Sentiment Monitor surveys so far this year. These have given us valuable insights into the thoughts of members on a range of topics, including Brexit, and other issues of the day.

As can be seen from the section below, 'IoD and Members in the News', the media has considerable interest in listening to what our members, as a bloc, are thinking.

The results of our most recently published survey, for Q2, are available on our website . There is still time to fill out the survey for Q3, the deadline is close of play today (Tuesday, 1st October)! Check your emails and let us know your views on the key issues of the day. We will be releasing the findings from the Q3 survey in due course. 
IoD and Members in the News
Sunday Business Post: Advertising Pays its Way (print edition only, not online)
Irish Daily Mirror: Budget Plea Over Brexit (print edition only, not online)
Radio: RTE Radio 1, Newstalk, Tipp FM, LMFM, Clare FM, Galway Bay FM, Northern Sound, Q102: IoD’s Director Sentiment Monitor Q2 survey results (radio items no longer online)
WomenMeanBusiness.com: Business Confidence Plummets
Irish Daily Mail: No tax cuts in Paschal’s Brexit Budget (print edition only, not online)
Irish Daily Star: Paschal: Forget About Tax Brex (print edition only, not online)
Cork Evening Echo: Confidence Low Among Business Leaders (print edition only, not online)
The IoD Webcast
28%, 72%, 52%. Check out the significance of these figures in our latest webcast , exclusive to IoD Ireland members, as Peter Turley , founder of SALESTalk , discusses the importance of how we speak to our clients.

The recording was made at last week's IoD Evening Briefing in the Westbury Hotel, Dublin, kindly sponsored by Mazars.

In his award-winning presentation, 'SALEStalk for the NOW Generation', Peter demonstrated why he believes that businesses that innovate, thrive; and those that stagnate, dive.
 
Previous IoD webcasts are also available only in the Members' Area of our website .
The IoD Blog
With the Beneficial Ownership registration deadline approaching in November, Joanne McEnteggart , Managing Director of IQ-EQ in Ireland , addresses the topic of Beneficial Ownership Register Requirements in Ireland in this month's blog.

Previous blogs are also available on our website .

If you are interested in contributing to our blog or for further information, please contact Paul O'Mahony at p omahony@iodireland.ie or call 01 411 0010. 
Beneficial Ownership
What this means for you 

Article 30(1) of the EU’s Fourth Anti-Money Laundering Directive (4AMLD) requires all EU Member States to put into national law provisions requiring corporate and legal entities to obtain and hold adequate, accurate and current information on their beneficial owner(s) in their own internal beneficial ownership register.
 
Article 30(3) of 4AMLD requires that the information referred to above be held in a central register in each Member State. The Registrar of Companies has been appointed as the Registrar of Beneficial Ownership of Companies and Industrial & Provident Societies (RBO). It has been open to accept filings since 29th July. Filing of beneficial ownership data can only be made on-line through a portal on the RBO website . There are no paper forms and no filing fees involved. Companies and societies will have until Friday, 22nd November to file their data with the RBO without being in breach of their statutory duty to file. More information is available from the Companies Registration Office . You may also like to read Joanne McEnteggart's blog for the IoD.

IoD submission letter in response to the legislation

The Institute of Directors (IoD) in Ireland has written to the Department of Business, Enterprise and Innovation to express a number of widely held concerns. We have also made a number of recommendations in relation to the following aspects of the RBO:
(1) That the November deadline date should be extended;
(2) That the RBO portal should incorporate a process for reviewing draft submissions and for accessing submissions filed by corporate entities;
(3) That errors can be clearly identified and corrected if the process allows for feedback on rejected submissions and the notification of any errors;
(4) That additional and higher-level data security and data integrity protection should be effected without delay; and
(5) That an information campaign targeted at the appropriate professional categories might assist in rectifying a perceived low level of awarenesss of the RBO and the new beneficial ownership regulations.
Policy Hub
September 2019 Addendum to the Consumer Protection Code 2012

The Central Bank of Ireland has published a package of new rules to be included in the Consumer Protection Code 2012 on the payment of commission to financial intermediaries, involving new requirements on transparency for consumers and prohibitions on certain types of commission arrangements. The new rules aim to ensure transparency of commission arrangements between financial intermediaries (such as brokers and financial advisers), and product producers (such as banks and insurance firms), and to minimise the risk of conflicts of interest relating to commissions arising when consumers are getting financial advice from the intermediary. 

Senior Executive Accountability Regime (SEAR)

On 18 June 2019, Minister Donohoe received Cabinet approval to begin the formal legislative process to implement a new individual accountability regime. The proposals will be contained in a new Central Bank (Amendment) Bill 2019.The proposed new Senior Executive Accountability Regime (“SEAR”) will impose significant new responsibilities on firms and individuals, with potentially severe sanctions for breaches. Read the Eversheds Sutherland briefing
Member Benefits
CLIFF Hotels
CLIFF hotels are offering IoD members special discounts in all three of its luxury hotels. This includes its hotels/guesthouses in Dublin, Waterford and Kildare. 

Cliff Townhouse  is a luxury guesthouse and restaurant located at 22 St Stephen’s Green - the centre of Georgian Dublin. An architectural jewel in the city’s heart, the striking red-brick façade sets the tone for the restaurant’s classic wood-panelled dining room and marble-topped Oyster and Champagne Bar. 

Spoil yourself with seaside charm at  The Cliff House Hotel . Regarded as one of the finest small luxury five-star hotels in Ireland, The Cliff House Hotel is located in Ardmore, Co. Waterford.

Cliff at Lyons  is an enchanting retreat lovingly restored to become one of Ireland’s most beautiful destinations. This idyllic hideaway is located on the banks of the Grand Canal at the Lyons Demesne in County Kildare, which originated in the 1800s.

As a member, you can avail of an exclusive 20% discount on all suite bookings by quoting your IoD membership number at the time of booking. All offers are valid until 31st December 2019.  
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