Governance, Risk and Legal

New guide aims to answer the question ‘Should we be doing things differently?’ A new guide published today offers a five-step approach for Irish organisations which are keen to assess and improve their organisational culture. The free guide, published by Chartered Accountants Ireland, encourages decision-makers to assess the culture within their organisation and to consider if they need to do things differently to achieve success. Concise Guide for Directors: A Five-Step Approach to Considering Organisational Culture was launched today in Dublin and is based on research into existing guidance and thought leadership, in addition to focus groups and interviews with business leaders from across the island of Ireland. Pictured at the launch of Chartered Accountants Ireland’s new Concise Guide for Directors: A Five-Step Approach to Considering Organisational Culture, were: Ciara Fallon, Director, People & Organisation Consulting at PwC; Conall O’Halloran President Chartered Accountants Ireland; and David McRedmond CEO of An Post Speaking at the Championing Organisational Culture - Practical Insights event in Dublin, Chartered Accountants Ireland President Conall O’Halloran said: “Recently we’ve seen developments which show how seriously organisations are engaging with culture, for example the establishment of the Irish Banking Culture Board earlier this year. This guide is a practical tool which equips directors to address their organisation’s culture in an effective way. It provides those involved in governance with clarity and direction when it comes to organisational culture and helping to make transformational change.” The guide is one of the first resources to be made available on Chartered Accountants Ireland’s new online Governance Resource Centre. The development is seen as recognition of the importance which organisations, both locally and globally, are placing on the issue of governance. Níall Fitzgerald, Head of Ethics and Governance, Chartered Accountants Ireland said: “An organisation’s culture is a critical component of its success. There is an increasing awareness of it in the context of corporate governance.” “Good governance, along with the systems and practices which underpin it, has become a key consideration for all types of organisation as it impacts on their reputation, culture, efficiency and financial sustainability. Our new Governance Resource Centre recognises this importance and will provide a range of helpful, free resources for those involved in, or advising, boards.” Concise Guide for Directors: A Five-Step Approach to Considering Organisational Culture is available for download here. Visit the new Governance Resource Centre at: www.charteredaccountants.ie/governance. ENDS Notes to editors For reference: Claire Percy, Chartered Accountants Ireland, 086 216 4393 claire.percy@charteredaccountants.ie About Chartered Accountants Ireland Chartered Accountants Ireland is Ireland’s largest and longest established professional body of accountants founded in 1888.  The Institute, which is an all-island body, currently represents over 27,000 members around the world. 

Sep 19, 2019
Governance, Risk and Legal

Are you a member of a Board or do you report directly to a Board or a Board Committee? If YES, then please respond to this invitation to participate in a focus group discussion about organisational culture. Focus groups will take place across the Island of Ireland (East to West, North to South). The purpose is to gain insights from leaders in the public, private, state and not for profit/charity sectors on how boards engage with and evaluate culture at board and organisation level. We are also keen to get perspectives on the meaning of organisational culture and the relevance of emphasis and actions in relation to it. The Focus Groups will be facilitated by governance experts and offer a safe, relaxed and anything goes environment for participants to voice their views. In addition to getting the opportunity to both share and absorb insights and opinions, you will play an important role in informing a free but valuable resource for organisations across the island of Ireland.   Please contact the Head of Ethics and Governance at: ethicsgov@charteredaccountants.ie  

Mar 20, 2019
Ethics

Feargal McCormack, President of Chartered Accountants Ireland. From 12 to the 18 November 2018, Chartered Accountants Ireland marks Trustees' Week to acknowledge the work of charity trustees. Chartered Accountants Ireland is pleased to add our voice to others involved and supporting the charity and not-for-profit sector, including The Charities Regulator and The Charities Commission for Northern Ireland. It also gives our profession the chance to recognise and express our gratitude to all those who volunteer their time as trustees across the island of Ireland. The week ahead will see some fantastic initiatives from a number of organisations that will showcase the work of charity trustees. Foremost amongst these will be the Good Governance Awards in Dublin on 15 November, and the 2018 Leadership & Good Governance Awards takes place on 22 November in Stormont. Also, this week the Institute notes and welcomes the launch of the Charities Governance Code by the Charities Regulator in the Republic of Ireland. The Code, available here, aims to be proportionate (therefore relevant for every charity operating in Ireland) and to facilitate the better administration, management and governance of charitable organisations. It is important to recognise good governance and more importantly to recognise the people that are responsible for putting it into practice. Chartered Accountants Ireland led with our own Good Governance Conference 'Charities and not-for-profit boards – Inspiring ethics and governance' in Dublin and Belfast in September this year, when we had the opportunity to meet over 200 professionals working in, for, or as a trustee in this important sector. Importance of Good Governance In 2018, Chartered Accountants Ireland produced its own publication, 'Concise Guide of Ethics and Governance for the charity and not-for-profit sector', which is available to download from our Ethics Resource Centre here. One of the core messages of our guide is that a good governance framework in a charity or not-for-profit organisation promotes the organisations purpose while emphasising transparency and accountability. While laws, regulations and standards command basic governance requirements, it is in the organisation’s interests to ensure that their governance framework is effective and fit for purpose. When reflecting on the governance framework of your organisation, the guide advises that trustees and others have regard to the following: To ensure sufficient independent oversight, is there a clear delineation between the governance of the organisation, i.e. the trustees, and management of the organisation? Is there a clear and transparent organisational structure that is publically available, including short bio and background on trustees and senior management? Regardless of level of simplicity or complexity, are there transparent procedures in relation to selection and appointment of trustees? Is there some form of evaluation of trustees and senior management in the organisation in addition to evaluation of the overall board? Is there a mechanism for identifying, responding to and recording risks affecting the organisation? Are there mechanisms to ensure the flow of information to and from the board and adequate controls to ensure the integrity of this information? What are the internal and external financial reporting milestones and are there any independent audit or other assurance requirements? Role of Chartered Accountants Ireland in the charity and not-for-profit sector Members of our profession are held in high regard by charity and not-for-profit boards and evidence suggests that there is a demand for those with accounting and governance expertise.  Therefore, with Trustees' Week in mind, we encourage members with this expertise and an interest in the sector, to get involved and make a difference. Members of our profession have always been accountable and are held to a high standard in application of their professional knowledge. On that basis we are proud of our members who commit their time to promote good ethics and governance as trustee of a charity and not-for-profit organisation. We would like to remind members that Chartered Accountants Ireland is here to support you in your role with various expert publications including books, guides, as well as toolkits used by accounting practices and advisors to the sector, in addition to courses and member support services such as enquiry helplines etc. Finally, on behalf of Council, Chief Executive and staff, we congratulate all involved in Trustees' week and for the great work that takes place in this sector all year round. 

Nov 08, 2018