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Latest News

News

By Dawn Leane In their book The Athena Doctrine: How Women (and the men who think like them) Will Rule the Future, John Gerzema and Michael D'Antonio found that, universally, people have grown frustrated by a world dominated by what they identify as traditional masculine thinking and behaviours: control, competition, aggression and black-and-white thinking. They believe these behaviours have contributed to many of the problems we face today.  There is also a business case for greater diversity. The EY Ireland 2018 Diversity & Inclusion Report, Time to change gear, suggests that 98% of respondents believe that an inclusive environment is vital for business performance. So why are businesses failing to make meaningful progress on gender diversity? The same survey identified that almost half the respondents favour regulation as a driver for creating more diverse and inclusive organisations while 79% say they favour regulation to address gender diversity on boards – perhaps suggesting that organisations are at a loss as to how to progress. While businesses struggle to make progress on gender diversity, are there lessons to be learned from how Rwanda reconstructed its society? The women of Rwanda In 1994, Rwanda suffered appalling genocide with over a million people killed, often by neighbours or other family members. In the wake this devastation, it was the women of Rwanda who rebuilt the country. They didn’t set out to create a movement; many had little or no formal education. Nevertheless, they organised and today Rwanda has the highest percentage of female representation in the world, with 61% of seats in the lower house and 39% of seats in the upper house, held by women. If, in the face of such adversity, these women could rebuild a country where every semblance of normality had disappeared, why are affluent, educated, first-world countries unable to engender change? Organisations approach diversity, and specifically gender diversity, intellectually. They try to solve the problem with rules, regulations and interventions designed to deliver quick results. The difficulty with this approach is that while it may change behaviours, it doesn’t change underlying attitudes. Rwandan women made progress in part due to the seismic cultural change they underwent in 1994. All the societal norms and behaviours vanished overnight. In such a landscape, all bets are off and a new culture must be defined. The women of Rwanda have solidified their position in the intervening years. If we consider gender equality as an issue of organisational culture and we accept that every organisation has its own unique culture, it follows that applying universal principles, like regulation, etc. simply won’t work and could even be counter-productive. Cultural change is notoriously difficult to effect. As the saying goes, ‘culture eats strategy for breakfast’. Cultural change takes years, not months. Meanwhile, over that time, more pressing business issues become a priority and, often in the face of slow or no progress, the initiative loses momentum, and staff lose trust and motivation. Adapting company culture My approach to diversity differs depending from one organisation to another. Change must take account of the company culture – not the culture the company espouses, but employees actual experience on the ground – if it is to have any chance of succeeding. Like Rwandan society, it must involve the very people who are impacted in both identifying the problem and developing the solution. In practical terms, that means doing things like asking the women who work in organisations about their experiences, as opposed to making broad assumptions and involving them in the solutions. I have worked with women employed in progressive organisations with very positive approaches to gender diversity, yet a particular line manager or other circumstances can negatively impact their experience. Successful cultural change requires a systematic approach and, in my experience, it is the sum of small sustainable changes that make the greatest impact on shifting the culture. To create a new paradigm, these changes must be consolidated and embedded in the organisation; it must become part of ‘how we do things around here’.   Dawn Leane is Principal Consultant at LeaneLeaders. 

Sep 14, 2018
Tax

Budget 2019 definitely dished out a little something to many and maybe that is what will make it forgettable.  A hike in the tourism VAT rate, a 50 cent rise in the price of a packet of cigarettes and a doubling of betting duty allowed the Minster to significantly increase spending and paved the way for €291 million in personal tax cuts.  As expected, measures to tackle the housing crisis dominated the headlines. The small amount of money left to go around saw the squeezed middle benefit from minor cuts to USC and a tweak to the standard rate tax bands.  Read Chartered Accountants Ireland's special analysis of Budget 2019

Oct 10, 2018
Press release

Chartered Accountants Ireland Leinster Society has announced the shortlist for its Published Accounts Awards for 2018 which reward companies for excellence in financial reporting in Ireland. The Awards are sponsored by Euronext Dublin, (formerly the Irish Stock Exchange), which is now part of Euronext, the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. This year’s shortlist includes a total of 27 public and private companies, including not-for-profit organisations. The winners will be announced at a special gala evening event, taking place in The Shelbourne Hotel on Thursday 8 November 2018 commencing at 7.30pm with Oliver Callan as MC. FINALISTS FOR THE 41st PUBLISHED ACCOUNTS AWARDS 2018 Large Companies - Main Securities Market Kerry Group plc Bank of Ireland Group plc Kingspan Group plc Glanbia plc Green REIT plc Hibernia REIT plc Dalata Hotel Group plc Irish Continental Group plc CRH plc Small/Medium Sized Companies - Main Securities Market IFG Group plc Kenmare Resources plc Datalex plc Irish Companies listed on a Foreign Market DCC plc UDG Healthcare plc Grafton Group plc Enterprise Securities Market Companies Malin Corporation plc Total Produce plc Origin Enterprises plc Statutory Unquoted Large Entities IPUT DAA ESB Large Not-For-Profit Barnardos Gorta Self Help Africa Concern Small/Medium Sized Not-For-Profit Aidlink Hail Barretstown In addition to the category awards, there are four other awards, consisting of an Overall Winner’s Award from across all categories, a Social Responsibility Reporting Award; a Branding, Communication & Marketing Award and an award for Best Digital Reporting. Lorna Larkin, Chairman, Chartered Accountants Ireland - Leinster Society said: “The Published Accounts Awards recognise excellence in annual reports and are widely regarded as the most prestigious and long standing financial awards in this country. Excellence in financial reporting matters, as it underpins confidence amongst investors, taxpayers and those giving to charity. These awards have provided welcome encouragement and acknowledgment to companies to constantly improve their financial reporting over the last 41 years.” Daryl Byrne, CEO of Euronext Dublin, said: “Euronext Dublin is delighted to be the sponsor of the Published Accounts Awards.  Annual reporting is a fundamental part of good governance and we are proud to support the Leinster Society in encouraging organisations to deliver excellence in stakeholder communications.” Orla O’Gorman, Head of Equity Listings Ireland, Euronext Dublin said: ““It is an exciting time for Euronext Dublin to sponsor these awards.  As part of a leading pan-European exchange group we now have a fantastic suite of corporate services to offer companies and enable them to further enhance their visibility, communication and engagement with stakeholders. We look forward to seeing the benefits of these services through the Published Accounts Awards in the years to come.” Event details Chartered Accountants Ireland Leinster Society presents The Published Accounts Awards 2018 Awards Dinner on Thursday 8 November 2018 in The Shelbourne Hotel, 7:30pm. M.C. is well known comedian and radio broadcaster, Oliver Callan. Live music from The Harleys – a high-energy four-piece band offering a repertoire of popular hits from the 60s, 70s, 80s and 90s. Tickets are €90 per person, individual tickets and tables are available. To book or for more information please contact leinstersociety@charteredaccountants.ie or call 01-6377219 Dress: business suit Dedicated PAA webpage: https://www.charteredaccountants.ie/Leinster/PAA

Oct 09, 2018