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.
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.
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 - Minister Naughten
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
11.00am Coffee break
11:30am The Governance Code and Directors responsibilities – where does the buck stop? - Sean Quigley, Secretary, Corporate Governance Association of Ireland and Head of HR, 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- Maura Quinn, Chief Executive, Institute of Directors Ireland
For further information please see pai.ie