What is Corporate Governance?

Corporate Governance is defined as the system, principles and process by which organisations are directed and controlled.  The principles underlying corporate governance are based on conducting the business with integrity and fairness, being transparent with regard to all transactions, making all the necessary disclosures and decisions and complying with all the laws of the land.   It is broadly concerned with the relationships between company boards and the company's shareholders, accountability and responsibility towards the stakeholders. Good governance should facilitate efficient, effective and entrepreneurial management that can deliver shareholders value over the longer term.

Codes of Corporate Governance Best Practice

    Irish Published Codes -

•        ​Code of Practice for:
•            (a) Governance of State Bodies & (b) Government Accounting
•        Irish Association of Investment Managers’ Guidelines 
•        Irish Stock Exchange - Corporate Governance Annex
•        Report of the Review Group on Auditing
•        A Code of Governance for Community and Voluntary Sectors

     UK Financial Reporting Council (FRC)                

•        The UK Corporate Governance Code - 2014
•         FRC Annual Report 2015 & Corporate Governance

    Other Published Reports on Corporate Governance          

•         Role and Effectiveness of Non-Executive Directors - Higgs
•         G20 OECD Principles of Corporate Governance - 2015
•         Corporate Governance Codes Relevant to EU Member States        
•         Guide - Corporate Governance by the Forum of Chairpersons        
•         2002 Sarbanes-Oxley Act - United States