Driving gender diversity: New rules for Irish boardrooms
ArticleNew Irish rules require gender balance on listed company boards by 2026, marking a major shift in corporate governance and diversity accountability.
Maintaining high standards of corporate governance is critically important to every business. This has been highlighted by a number of events which have achieved public notoriety in recent years and this in turn has emphasised the importance of the role of the company secretary.
Every company from the smallest to the largest has a range of obligations which must be met. Statutory registers have to be maintained, they must comply with filing obligations under the Companies Acts, changes of directors have to be notified, all have to be recorded and with relevant board decisions minuted.
These duties will often be looked at by the company secretary. However, the increasing burden and complexity of the legislation and regulatory framework governing companies coupled with associated costs means many organisations are choosing to outsource this vitally important function.
New Irish rules require gender balance on listed company boards by 2026, marking a major shift in corporate governance and diversity accountability.
Managing compliance across companies is time-consuming and often overlooked. Eliminating dormant companies reduces administrative and audit costs, freeing up finance directors.
Discover changes to company size criteria under new EU regulations. From July 2024, increased thresholds for 'micro,' 'small,' 'medium,' and 'large' companies take effect.
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