Ireland: Corporate Governance

The Central Bank of Ireland has published its assessment of how MiFID investment firms implement the Fitness and Probity regime, revealing significant gaps in due diligence processes and documentation practices. While many firms demonstrated strong policies, a notable cohort failed to effectively apply requirements in practice, particularly around onboarding and annual certification. The assessment provides clear expectations for firms to strengthen their governance frameworks and embed the Individual Accou

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Ireland's National Cyber Security Centre has issued comprehensive guidance on NIS2 compliance, placing cybersecurity firmly in the boardroom. With potential fines reaching €10 million or 2% of global turnover for essential entities, management boards must now actively oversee cyber risk strategies, incident response capabilities, and supply chain vulnerabilities. The guidance provides a structured framework for organisations to assess their readiness before the National Cyber Security Bill takes effec

Jennifer Duffy and Aaron Tangney explore Ireland's growing appeal as a regulatory hub for financial services firms, examining the Central Bank's authorisation process and the critical importance of establishing genuine local substance, robust governance frameworks, and experienced management teams when seeking regulatory approval.

Corporate governance encompasses the internal policies and procedures that control, direct, and manage corporate entities, serving to protect and enhance a business's most valuable asset - its name and reputation. This framework includes legally mandated requirements, voluntary best practices, and strategic measures that span from accurate financial record-keeping to board management and director training.

Organizations face complex governance, risk and compliance challenges that require both legal expertise and operational implementation. This service combines legal knowledge with practical know-how to embed compliance requirements directly into business operations. Whether establishing new processes or refining existing frameworks, the approach spans all three lines of defence to deliver comprehensive solutions.

As a continuation of Part 2 in this series, which addressed some themes we commonly encounter relating to the process requirements of public inquiries and the handling of documentary evidence in particular...

Regulations introduced in 2025 impose new board gender balance obligations on many Irish companies listed on certain EU markets, with gender balance targets for both executive directors and non-executive directors (“NEDs”) to be achieved by 30 June 2026.

ESMA has published its final report on the 2025 common supervisory action (CSA) conducted with national competent authorities (NCAs)...