A recent ICSA review of the corporate governance practice in the NHS found that, despite evidence of the understanding of directors of good governance practice, on average, only 10% of agenda items relate to strategic issues. Given the key responsibility of any board to set the direction and strategy of its organisation, meeting agendas must keep the discussion focused on vision, mission and goals, as opposed to operational detail.
Tags: Directors, Corporate Governance
Risk Management is concerned with the identification and management of a company’s exposure to financial risk.
Tags: Directors, Corporate Governance
The Registrar of Companies in Ireland continues to address the level of compliance by Irish registered companies and can take measures to deal with companies who do not comply with their filing obligations, including prosecution of companies or their Directors, or striking companies off the register.
Tags: Ireland, Legal, Directors, Corporate Governance
A Certificate of Good Standing (COGS) is a document which indicates that a Company is in continuous existence since its date of incorporation and that all Annual Return filings for the Company are up to date.
Tags: Legal, Directors, Corporate Governance, Banking
In order to remain competitive and compliant, most organizations must now address the governance issues that ensure that their data and content is trustworthy and reliable. A 2011 survey by Thompson Reuters indicated that 49% of Boards distributed their packs by email, although this is widely noted as an unsecure environment, and 50% of Boards thought it likely that their members routinely access their papers on unsecure networks. It also found that only 30% of Boards were confident that Directors destroyed their Board documents in accordance with company policy.
Tags: Directors, Corporate Governance
Shareholders elect a Board of Directors to run the company on their behalf. Thus the Directors need to ensure that the Shareholders understand how the company is being run, and why. A break down in communications can result in the Shareholders losing faith in Directors and removing them from the Board.
Tags: Ireland, Directors, Corporate Governance
The Irish Companies Act requires Directors to disclose their interests in contracts made by the company for recording in a Register of Directors’ Interests.
Tags: Ireland, Directors, Corporate Governance
The role of directors throughout all facets of business is currently under intense scrutiny. Now, more than ever, investors and the general public demand professionalism, skill and integrity from business leaders; making it essential for directors to fully understand the responsibilities of their role.
Tags: Legal, Directors, Corporate Governance
In addition to this requirement a private company limited by shares must have the word “Limited” or “Teoranta” as the last word of its name. However, exemption may be sought from this requirement if a company meets the criteria as set down by the Companies Registration Office (CRO).
Tags: Ireland, Corporate Governance, Incorporation
All Private Limited Companies in Ireland, whether trading or not, must file an annual return (Form B1) with the Companies Registration Office (CRO) at least once every calendar year.
Tags: Ireland, Legal, Corporate Governance, Incorporation
