The public interest directors to be appointed by the government to the boards of banks benefiting from the €440 billion state guarantee face a potential conflict of interest, a corporate governance expert has warned.
Alan McDonnell, managing director of Empeira Strategy and Governance Advisors, said directors’ common law duties required them to ‘‘exercise their powers in what they honestly believe to be the interests of the company rather than in the interests of a particular...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team