Former director warned in 2009 of board issues

In an email seen by The Sunday Business Post, Margaret Jay outlines her concerns about the boardroom culture in INM some nine years before the current controversies

Independent News & Media’s then senior independent director Margaret Jay said nine years ago that she was concerned about what information its significant shareholder Denis O’Brien had access to, as well as governance issues at board level.

In correspondence with INM’s then chairman Brian Hillery, Jay set out her concerns in August 2009, five months after O’Brien appointed three representatives to INM’s board as non-executive directors, including long-term business associate Leslie Buckley who ...