The Corporate Enforcement Authority (“CEA”) has warned directors about the considerable risks of accepting unsolicited offers to become directors of companies they know nothing about after the Sunday Independent revealed that the former CEO of FAI John Delaney was promoting a scheme to pay people to become directors of companies. The CEA has issued an Information
Posts Tagged: Corporate Governance
Our May Newsletter is out with some potentially good news about welcome changes to the Audit exemption, and information on the Public proposals to enhance the Companies Act 2014. Note: The content within the newsletter is provided for information purposes only and does not constitute legal or other advice.
The Department of Enterprise, Trade and Employment is seeking the views of stakeholders and interested parties on specific proposals to enhance the Companies Act 2014. There are four distinct areas of company law which are set out in this public consultation:- Corporate Governance Provide more flexibility for companies by providing, on a permanent basis, for
The Companies (Corporate Enforcement Authority) Bill allows for the establishment of a new independent statutory authority, the Corporate Enforcement Authority (“CEA”) The CEA will replace the Office of the Director of Corporate Enforcement (“ODCE”) and continue its role in the investigation and enforcement of corporate crime. The current functions of the ODCE will be transferred
Conor will be speaking at a free webinar hosted by The Chartered Governance Institute in Ireland along with The Housing Agency on Wednesday 1 July. Conor will address Corporate Governance, Company Law, and practical compliance concerns for OMCs. David Rouse (advisor with The Housing Agency) will set the context and background, growth in OMC numbers,
The General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018 was published in December 2018. The purpose of the Bill is to make a number of amendments to the Companies Act 2014 (the “Act”) including:- The establishment of the Office of the Director of Corporate Enforcement (ODCE) as a stand-alone agency, to be called
Corporate Governance is becoming vital to all companies even SME companies. A corporate governance manual or board manual can bring clarity to the board of directors on what their role and responsibilities are and what is expected of them. It can also detail the best governance practices that the company can apply.
A revised version of the Governance Code for Community, Voluntary and Charitable Organisations was published on 27th October, 2016. The Code is principles-based and is adopted on a “comply-or-explain” basis. It comprises a set of recommended practices for the boards of community, voluntary and charitable organisations. In late 2015 the Governance Code Working Group (GCWG)
Conor Sweeney outlines the important changes affecting the role of Company Secretary following the implementation of the Companies Act 2014. All the Company Secretaries in Ireland breathed a huge sigh of relief when the CLRG recommended to retain the requirement to have a Company Secretary and instead removed the need for a second director for