The Irish Corporate Governance System

12 Pages Posted: 20 Aug 2010

See all articles by Theodore G. Lynn

Theodore G. Lynn

Irish Centre for Cloud Computing and Commerce

Blanaid J. Clarke

Trinity College Dublin - School of Law

Date Written: August 19, 2010

Abstract

This working paper provides a general overview of the corporate governance infrastructure in Ireland. Part I of the paper examines the legal infrastructure. Although corporate governance in Ireland, as in many other jurisdictions, involves a self regulatory code, this code operates in the context of a highly regulated, if not always strictly enforced, statutory environment. The legal infrastructure refers to the relevant laws and regulations which address corporate governance including most importantly company law and securities law. In addition to examining the rights and responsibilities prescribed for stakeholders, this section also involves a review of law enforcement in the event that stakeholder rights are abused. Part II examines Ireland’s regulatory infrastructure which is intertwined with its legal infrastructure and which involves the bodies charged with regulating the marketplace. Although their remit and their regulatory status vary, the objective of these bodies is to ensure compliance with the relevant corporate governance regulations. Part III examines the informational infrastructure in Ireland which allows the disclosure of relevant material to corporate stakeholders in a timely fashion. Finally, part IV examines Ireland’s market infrastructure. This includes a review of ownership structures, the functioning of public markets, approaches to public and private capital markets and the existence of a market for corporate control. In reviewing the corporate governance infrastructures, the paper acknowledges the many corporate governance failings which contributed to the recent banking crisis in Ireland and describes the various reforms which have been proposed as a result.

Suggested Citation

Lynn, Theodore G. and Clarke, Blanaid J., The Irish Corporate Governance System (August 19, 2010). UCD Working Papers in Law, Criminology & Socio-Legal Studies Research Paper No. 38/2010. Available at SSRN: https://ssrn.com/abstract=1661617 or http://dx.doi.org/10.2139/ssrn.1661617

Theodore G. Lynn (Contact Author)

Irish Centre for Cloud Computing and Commerce ( email )

Dublin
Collins Avenue
Dublin, NA Dublin 9
Ireland
35317006873 (Phone)
35317005446 (Fax)

Blanaid J. Clarke

Trinity College Dublin - School of Law ( email )

House 39, New Square
Dublin 2
Ireland
Ph 00353 (0)18961632 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
634
Abstract Views
2,598
rank
40,154
PlumX Metrics