IoD Members' Update
February 2020
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These are interesting times, with so-called Brexit Day now part of history and EU-UK trade negotiations beginning in earnest, plus a General Election imminent. These events are addressed in this month’s newsletter as we include the results of our two most recent pieces of research: our quarterly Director Sentiment Monitor for Q4 2019, which features Brexit-related issues, and a pre-General Election Snap Poll we conducted amongst our members in the days following the calling of the election.
Many of you may be aware of Jim Gavin’s record-breaking achievements with Dublin in the GAA All-Ireland Senior Football Championship, in particular, but some may not realise that he is also Assistant Director with the Irish Aviation Authority and that he was recently honoured with the Freedom of the City of Dublin. We are delighted to welcome Jim as the keynote speaker for our annual Spring Lunch in March. It is sure to be a fascinating event - and a great opportunity to network with your fellow IoD members – so, if you haven’t booked your place or table already, your opportunity to join us is included in the panel below.
We look forward to seeing you there or at one of our other upcoming events and/or workshops.
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We are delighted to welcome
Jim Gavin
, Assistant Director with the Irish Aviation Authority and former Manager of the Dublin GAA Senior Football Team, as our guest speaker at the
IoD Ireland Spring Lunch 2020
.
The event takes place on the 27th March in the
InterContinental Dublin Hotel
, Dublin 4. Sincere thanks to
Duff & Phelps
for kindly sponsoring the event.
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McCann FitzGerald Factsheet
February 2020
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.
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Presented by
Marian Finnegan
of the Sherry FitzGerald Group, our first IoD Morning Briefing of the year, kindly sponsored by Mazars, was held on 23rd January. Before a packed audience in the Westbury Hotel, Dublin, Marian gave an up-to-date commentary on trends in all sectors of the Irish property market and an assessment of the prospects for the sector in 2020 and beyond.
Previous IoD webcasts are also available only in the
Members' Area
of our website. Please use your unique password to log-in and access the video.
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Featured Events and Workshops
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13th February
*Lunchtime Event - Dublin*
Presenter
:
James Hickey, Former CEO, Screen Ireland (formerly The Irish Film Board)
Time
: 12:30 - 13:50
Venue
:
The Carolan Room, National Concert Hall, Earlsfort Terrace, Dublin 2
Cost
: Free of charge. IoD members only. Limited places remaining
Kindly sponsored by
IQ-EQ
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27th February
*Lunchtime Event - Galway*
Presenter
:
Marian Finnegan, Managing Director of Residential and Advisory, Sherry FitzGerald Group
Time
: 12:30 - 14:00
Venue
:
Mazars, Mayoralty House, Flood Street, Galway
Cost
:
Free to IoD members. Members are welcome to bring a guest, free of charge, subject to availability
Kindly sponsored by
Mazars
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5th March
*Daytime Event - Cork*
Presenter
:
John Smyth CDir, Chartered Director
Time
:
09:00 - 16:30
Venue
:
Clayton Hotel Silver Springs, Tivoli, Cork
Cost
:
€425 ex VAT IoD members/€485 ex VAT non-members
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5th March
*Daytime Event - Dublin*
Presenter
:
Caroline Kirrane, Chartered Financial Analyst Charterholder
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
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Welcome to Some of Our New Members
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- Ciairín de Buis, CEO, Women for Election
- Colette Talbot, Head of Transformation – Group Finance, Bank of Ireland
- Áine Denn, Co-Founder and EVP Altify, Upland Altify
- Ian Huggard, CEO, Etoile Advisory
- Michael F Dolan FCPA, Principal, Michael F Dolan & Co
- Aileen McGloin, Director of Marketing and Communications, safefood
- Aoife Fay, Non-Executive Director, MABS Dublin South
- Derek Wilson, Chief Information Officer, Origin Enterprises Plc
- Dr Phil Hemmingway, Head, Low Carbon Technologies Department, Sustainable Energy Authority of Ireland (SEAI)
- John Moriarty, Chief Retail Officer, gategroup
- Raymond O’Hanlon, Director, Preferred Results Limited
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IoD Member Surveys: Results
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The results of our latest
Director Sentiment Monitor
(DSM) survey, for
Q4 2019
, have been published.
The DSM is conducted on a quarterly basis to track our members’ views on key issues.
The latest research reveals key findings on our members’ views on Ireland’s post-Brexit relationships with the UK and the EU, as well as insights into business confidence, financial performance, future market potential, and the (pre-General Election) Government’s performance on consumer confidence, business decision-making, and Brexit. Read more here about the results of the
Director Sentiment Monitor 2019 (Q4)
.
In January, we also conducted a quick
pre-General Election Snap Poll
, which found that IoD members did not favour a result with another Confidence and Supply Arrangement as the outcome, amongst other findings.
Please see panel below for media coverage relating to the findings of our surveys published this month. A special thank you to all our members who took the time to complete the surveys.
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Ian Huggard
is Founder and CEO of
Etoile Advisory
.
After 30 years in capital markets working for investment banks in the US, UK and Ireland, Ian decided in 2019 to establish an advisory business to help companies incorporate sustainability factors into strategy, processes and communications.
What has been your career highlight to date?
Returning to Ireland in 2004 after 15 years in the US to help an Irish local broker double market share over the following four years by implementing processes and procedures I had seen succeed in other markets.
What do you hope to gain from your membership of the IoD?
To influence board members to pursue the integration of sustainability in the strategy, processes and communications of the entities they govern so corporate Ireland can contribute toward the achievement of the UN Sustainable Development Goals (
SDGs
).
What, in your opinion, makes a great leader?
A genuine belief in the company purpose and its values. The bravery to appoint and support the right people in the right roles. The humility to listen and learn. An appreciation for the needs of all stakeholders. A deep and infectious desire to succeed.
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Certificates, Diplomas, and Chartered Directors
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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 those who received their Certificates and Diplomas in Company Direction last week, 30th January, in the National Concert Hall. During the ceremony, a number of members were also highlighted for receiving distinctions in these exams
.
Pictured (above) at the IoD Ireland Certificate and Diploma in Company Direction presentation, members who received distinctions (from left to right), Tomás Jones, Adrian Mulvihill, Lorna Conn, Philip O'Callaghan, Michael Barry Brennan and Aaron Keogh. Not pictured is Gary Delaney, who also received a distinction but was unable to attend the event. The group are pictured alongside IoD Ireland’s Eileen Gleeson and George Bartlett. Photographer: Aidan Oliver
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'Diversity... is not just about gender equality and LGBTQ+. It is important to look beyond these to include race, sectors, specialisations, generations, disability (both visible and invisible), backgrounds and beliefs. Diversity, on its own, is not enough. A culture of inclusion is necessary in order to utilise the power of these individual diverse elements.'
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
[email protected]
or call 01 411 0010.
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The UK left the European Union on 31st January 2020. A transition agreement is now in operation until 31st December 2020. During this time, EU rules and regulations will continue to apply to the UK and the UK will remain part of the EU’s Single Market and Customs Union. There will be no immediate changes for citizens and businesses in their day-to-day dealings. When the transition agreement ends, there will be changes to how we trade with Britain. For more information on this, visit the Government website page:
Getting Ireland Brexit Ready.
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IoD and Members in the News
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Local radio
:
57% of Business Don't Want Govt. Based on Confidence & Supply.
Maura Quinn interview picked-up by the following local stations
:
kfmradio.com, 4 FM, Clare FM, Cork 96 FM, KCLR FM, LM FM, Midwest Radio, Northern Sound Radio, Ocean FM, Radio Kerry, Radio Nova 100FM, South East Radio FM, Sunshine FM, Tipp FM, iRadio
The Echo,
Cork:
Businesses are against Confidence and Supply (print article only, not online)
***
The Echo, Cork
:
Will Ireland’s standing improve in EU post-Brexit? (print article only, not online
The Irish Times
:
Post-Brexit relations with UK concern directors (print article only, not online)
Newstalk
:
IoD Director Sentiment Monitor report: item (no longer online)
***
Galway Advertiser
:
Business survey shows positivity towards post- Brexit status (print article only, not online)
The Echo, Cork
:
Cork Business leaders still nervous about Brexit (print article only, not online)
Sunday Times (Ireland)
:
How will Brexit land? Maura Quinn quoted (print article only, not online)
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As an IoD member, you can access
Director
magazine, published by IoD UK, free of charge.
Each edition is full of insightful interviews with entrepreneurs and company directors.
To access the magazine, please
click here
a
nd then use the login details below:
Email
address:
Magazine password:
Director2000
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Please remember to
use the login details provided above
rather than your own email address when accessing the magazine. It will prompt you to enter your membership number - please
ignore this and enter the login details above
in the two boxes.
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IoD Member Benefits
Discounted Rates from Original Irish Hotels
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What is the member benefit?
Enjoy 15% off website daily rates.
Benefit availability
Offer valid until 31st December 2020, subject to availability. Discount only applies to daily online rates, not special offers. If you are an IoD member, please login to display the Member Offer Code.
Background on Original Irish Hotels
Original Irish Hotels are a collection of 60 unique, owner-run hotels, located in Ireland’s most outstanding destinations. No two Original Irish Hotels are the same. Open the door to the magic of unmissable moments with Ireland’s leading collection of independent hotels. From historic castles to chic urban boutiques, each of our hotels is as diverse as the destinations that define them. Our hotels offer true local character and a unique, warm welcome that tells you you’re not just another room number.
Avail of your member benefit today
To avail of this offer simply visit the
Original Irish Hotels
website and enter the unique IoD promotional code - this will automatically discount 15% off the best available rate.
To find this code, please login to the member area of this website and the code will display at the top of this website page.
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GDPR survey published by Mazars and McCann FitzGerald
The research has found that 71% of companies say that they reported a personal data breach to the Data Protection Commission (DPC), or another supervisory authority, last year, while only 8% believe they are ‘fully compliant’ with the General Data Protection Regulation (GDPR). These and other findings come from a survey on the impact of GDPR on organisations in Ireland, jointly published by McCann FitzGerald and Mazars. Read the
GDPR survey
report.
Revenue updates Manual on tax treatment of subscriptions
The Office of the Revenue Commissioners (‘Revenue’) has updated its Manual on the tax treatment of professional subscriptions, entitled
Deduction for Expenses in Respect of Annual Membership Fees Paid to a Professional Body (Tax and Duty Manual Part 05-02-18)
.
The update provides ‘additional guidance on the issue of when an individual has incurred a professional membership fee wholly, exclusively and necessarily in the performance of the duties of his or her employment’. The updated Manual also includes two new paragraphs: Paragraph 4.3. ‘Where annual professional membership fees are commercially necessary’; and, Paragraph 4.4. ‘Indispensable condition of the tenure of the tenure of employment’. For more information, please see
Revenue.ie
.
International Fraud Prevention Conference
The Hon. Mr Justice Frank Clarke, Chief Justice, Supreme Court of Ireland will speak at the International Fraud Prevention Conference 2020 (IFPC2020) in Dublin on
11th March
at the Croke Park Convention Centre, Dublin. The International Fraud Prevention Conference is now one of Europe’s leading conventions addressing the issues of Cyber Security, FinCrime Technology, AML, ABAC and fraud per se. Other confirmed speakers include: Ciaran Martin, CEO, National Cyber Security Centre, UK; Terence A Monahan, Chief of Department, NYPD Cyber Security expert, FBI; Derville Rowland, DG, Financial Conduct, Central Bank of Ireland; Ian Drennan, Director, Office of the Director of Corporate Enforcement (ODCE); and Laura Noonan, US Banking Editor, Financial Times.
More information and ticket bookings
.
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It may come easier to some more than others, but the art of networking can be of tremendous benefit when attending the innumerable events hosted by the IoD and interacting with fellow members.
Due to popular demand, here again are three interesting articles on this subject, two from the
Harvard Business Review
, and one from
The
Irish Times
, which we hope will prove informative.
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Follow our company page on LinkedIn for the latest updates.
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Follow our latest updates at
@IoDIreland
and
#iodevents
.
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