The New Code of Practice for the Governance of State Bodies

Mazars are delighted to sponsor and speak at the Public Affairs Ireland event on “The New Code of Practice for the Governance of State Bodies” on Thursday, the 15th of June 2017 in Croke Park.

The Minister for Public Expenditure and Reform Paschal Donohoe, TD, last year published a revised and updated Code of Practice for the Governance of State Bodies. It came into effect on 1 September 2016. This is the fourth version of the Code, coming 25 years after it was first introduced. The Code promotes high standards of corporate governance in regulatory, commercial and non-commercial State bodies.

With enhanced public scrutiny, demand for accountability and transparency, the Code aims to ensure that both commercial and non-commercial State bodies meet the highest standards of corporate governance. It provides a framework for the application of best practice and is intended to take account of developments in respect of oversight, reporting requirements and the appointment of Board members. The Code is based on the underlying principles of good governance: accountability, transparency, probity and a focus on the sustainable success of the organisation over the longer term.

A balance has been struck in the updated Code between the need for strong accountability and the requirement to support the appropriate autonomy of the State body under the legal framework and the environment within which it operates.

Key Themes

Values – Good governance supports a culture of behaviour with integrity and ethical values;

Purpose – Each body should be clear about its mandate with clearly defined roles and responsibilities;

Performance – Defined priorities and outcomes to achieve efficient use of resources resulting in the delivery of effective public services;

Developing Capacity – Appropriate balance of skills and knowledge within the organisation, to be updated as required; and

Roles and relationships – the roles of Chair, members, CEO, relationships with parent Department, Minister, the Oireachtas.

Agenda     

9:00am   Welcome - Don Bergin, Chairman, Public Affairs Ireland

9:00am   Conference Chair's opening remarks - Andy Cullen, former Assistant Secretary, Department of Transport

9:05am   Priorities in corporate governance – ODCE perspective - Ian Drennan, Office of the Director of Corporate Enforcement

9:30am   The appointment of non-executive directors to State Boards - Fiona Tierney, CEO, Public Appointments Service

9:50am    State Boards relationship with Oireachtas - Sean Fleming TD, Chairman, Public Accounts Committee

10:20am  Risk management and audit committees - Justin Moran, Director Mazars

10:45am  Q&A

11.00am   Coffee break

11:30am  The Governance Code and Directors responsibilities – where does the buck stop? - Sean Quigley, Head of Resource Management and Accountant of the Courts of Justice The Courts Service

11:55pm   New requirements of the latest version of the Code - Imelda Reynolds, Partner, Beauchamps Solicitors

12:20pm   Encouraging public service – the need for participation on State Boards - Pat Downes, CGAI

12.45pm   Q&A

1pm          Lunch

For further information please see pai.ie

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