Sunday September 27, 2020

Labour Party unveils corporate code of practice

Eamon Gilmore, the Labour Party leader, will this week launch a new code of practice to tackle ‘‘cosy cartels’’ in the corporate sector, writes Niamh Connolly.

11th April, 2009

Gilmore will unveil a package of measures on Thursday aimed at ending cross-directorships in companies, and prohibiting individuals from simultaneously holding the positions of chief executive and chairman of a firm.

The party’s Corporate Governance (Code of Practice) Bill will be put forward as a private members’ motion before the Da¤ il summer recess. The bill will require companies to establish independent auditing committees and restrict the appointment of non-executive directors who are connected to...

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