Section 225 of the Companies Act 2014 introduced a requirement for a directors’ compliance statement (DCS) into Irish law.
Now that the DCS has been operational for several years, the Company Law Review Group (CLRG) is reviewing it to determine its effectiveness in achieving compliance and its usability and, if appropriate, to make recommendations as to how these might be enhanced in the interest of good corporate governance. Readers may know that the CLRG is a statutory advisory expert body charged with advising the Minister for Enterprise, Trade and Employment on the review and development of company law in Ireland .
The CLRG has issued two surveys, a directors’ survey and a practitioners’ survey to get feedback from directors of affected companies and practitioners (auditors, financial directors, solicitors, and so on) who are involved in the preparation of the annual DCS.
Please see here for more information from DETE on the review .
Please access the directors’ survey here
Please access the practitioners’ survey here
The CLRG writes that the survey should take no more than 8 minutes to complete. The closing date is 28 February 2023.