The market is apprehensive of the changes sparked
by the Central Bank of Ireland’s
recently-closed consultation on the corporate governance of
This is despite the more contentious aspects of the
original proposal having been withdrawn.
Following the consultation’s close on
August 5 2015, the central bank will collate responses and
issue a feedback statement, then it will issue finalised rules.
Market participants expect the new regime to be phased in by
"It has been received with great interest, and
certain trepidation by the industry," said Patricia Taylor, a
partner at William Fry. "The concern is that boards may wind
up focussed on box-ticking rather than substantive business
The most remarkable changes include adjustments to the role
played by both CEO and chairman, the introduction of...