Welcome to the Centre for Corporate Governance
The demands on Irish Directors have grown enormously in recent years. Corporate Governance is now a major focus of Irish Boards. Irish Directors are facing challenging times with the introduction of mandatory codes and the growing expectation of, and demand for, boards to surpass best practice standards.
The Deloitte Centre for Corporate Governance in Ireland has been established to meet the information needs of Irish Directors. Our website contains thought leadership on mandatory codes of practice as well as useful discussion documents on how best to achieve best practice.
The Leadership Premium
How companies win the confidence of investors. Read more....
Adjusting to the new world of risk management
Just when you think the world is returning to normal after an earthquake, it hits: aftershock. As the earth's crust resettles from the effects of the primary earthquake, aftershocks can continue to rattle the area minutes, days, and even months later. Read more....
Response to Consultation Paper CP63
Director 360° - Edition 2, 2012
Degrees of progress
As part of the Director 360° initiative, Deloitte member firms interviewed 288 board chairmen and directors in 19 countries or regions around the world on the topic of board effectiveness and the issues, challenges, and opportunities that boards face. Read More...
Improving Board Effectiveness: Oversight of Strategy
Oversight of strategic planning can be a challenge for many boards....Read more
ICAI Presentation by Melissa Reid 2012
Audit Committee Composition, Meeting Practices, and Education
The composition, meeting practices, and education of audit committees are generally recognized as essential components of their effectiveness. Read More...
The Promise and Perils of Information Technology
The sophistication of information technology (IT) at all levels of organizations has rapidly increased in recent years. Read More.....
Breakfast Briefing - Thursday 5 July
Consultation session on the proposed amendments to the CJA 2010
The Government has published its proposed amendments to the Criminal Justice (Money Laundering And Terrorist Financing) Act 2010 (“CJA”)
Presentation & Documents
Thank you to all who attended our conference on Tuesday, 22nd May 2012See link CPD accreditations
Has normal service resumed?
Threats and Opportunities for the Chartered Director
Deloitte, 16th February 2012
For Periods Commencing on or after 18th December 2010
Setting your SII Plans for 2012
Inquiry Guidelines to be prescribed pursuant to section 33BD Central Bank Act 1942 (as amended)
When Uncertainty Reigns!
Central Bank Corporate Governance Code
The Central Bank issued a mandatory Corporate Governance Code for Credit Institutions and Insurance Undertakings on 08 November 2010. The requirements will bring significant changes to the boardroom of financial institutions. The lack of adequate and effective corporate governance legislation and regulation has been blamed as a significant factor in Ireland’s current difficulties. Given the impact on Ireland, it is not surprising that the response here has been more rigorous than in other countries with the result that more onerous obligations have been imposed here.
The Irish Stock Exchange
The Irish Stock Exchange (ISE) requires Irish listed companies to "comply or explain" against the provisions of the new UK Corporate Governance Code. Earlier this year the UK's Financial Reporting Council (FRC) replaced the Combined Code with the UK Corporate Governance Code. Like the old Combined Code, the new UK Corporate Governance Code sets out standards of governance for listed companies, whereby companies are required either to follow the Code or explain how else they are acting to promote good governance.
Corporate Governance Disclosure Checklist for Irish Listed Companies
Click here: Corporate Governance Disclosure Checklist
We have developed an Irish corporate governance disclosure checklist to assist companies with a listing on the Irish Stock Exchange's main securities market comply with the corporate governance disclosure requirements of the UK Corporate Governance Code and the Irish Corporate Governance Annex ("ISE Annex") for reporting periods beginning on or after 18th December 2010.
- The checklist is based on the disclosure requirements regarding corporate governance statements prescribed in;
- Irish legislation;
- the Listing Rules of the Irish Stock Exchange including the ISE Annex;
- the UK Corporate Governance Code;
- the revised version of the Turnbull Guidance on Internal Control; and
- the 2010 version of the FRC Guidance on Audit Committees.
- For other entities, appendix 2 to the checklist sets out the disclosure requirements found in:
- Corporate Governance Code for Credit Institutions and Insurance Undertakings;
- Corporate Governance Code: Collective Investment Schemes and Management Companies;
- Code of Practice for the Governance of State Bodies, and
- Governance of Irish Universities
Listen & Learn
In May 2009, the Department of Finance issued an updated Code of Practice for State Bodies. This represents an update on a previous version from 2001, which itself was an update on the first set of guidelines issued in 1992. Further changes are expected over the coming year to reflect the recommendations of a task force assessing the OECD’s 2008 review of the public service. There are some significant changes to the Code across a number of areas, including Board and Directors, risk management, department relations, and operational and policy procedure.
We provide an overview of the most significant changes in a published Deloitte brochure.
The Mullarkey Report
The Report of the Working Group on the Accountability of Secretaries General and Accounting Officers was compiled by a high level Working Group established by the Minister for Finance, following a Government Decision of 30 May 2000. The group was tasked with examining the authority, responsibility and accountability of Secretaries General and Accounting Officers in relation to financial management in the context of the Performance Management Initiative within the overall Strategic Management Initiative.
The Report examines issues concerning the accountability of Secretaries General and Accounting Officers it also sets out numerous recommendations to enhance this accountability and provides timescales for the implementation of these recommendations.
Risk Management Guidelines for Government Departments and Offices
The Risk Management Guidelines for Government Departments and Offices provides an introduction to the concept of risk management, outlines the roles and responsibilities of managers and staff in establishing and maintaining a robust organisation-wide approach to managing risk and provides a number of specific guidelines that Government Departments should follow in this regard and it describes a number of techniques that can be employed to develop a structured and systematic approach to managing risk.