Irish Law Times

Corporate Governance and the Regultory Environment for Irish Directors—Part I

Since the financial crisis, there has been a vast overhaul of the legal and regulatory regime of corporate governance and directors’ duties within Ireland. The Companies Act 2014 (the “2014 Act”) has codified the common-law principles of directors’ duties and the regulatory overhaul, through the Central Bank of Ireland and the proactive nature of the Office of Director of Corporate Enforcement, has brought about a realm of efficiency regarding enforcement, accountability, transparency and responsibility for directors of Irish-based companies whether large, small or medium organisations.

This two-part article will summarise the key regulatory changes that have been introduced and highlight the common-law duties that are now on a statutory footing through the 2014 Act, to highlight the current position regarding corporate governance and directors’ duties within Ireland.

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