Code of Practice for the Governance of State Bodies
The Department of Public Expenditure & Reform a revised Code of Practice for the governance of state bodies in August 2016. The full text of the code is available here.
The revised and updated Code of Practice for the Governance of State Bodies (2016) is designed to ensure that both commercial and non-commercial State bodies meet the highest standards of corporate governance. It provides a framework for the application of best practice and is intended to take account of developments in respect of oversight, reporting requirements and the appointment of Board members. The Code is based on the underlying principles of good governance: accountability, transparency, probity and a focus on the sustainable success of the organisation over the longer term.
The updated Code of Practice for the Governance of State Bodies (2016) is split into a suite of documents comprising of the main Code and more detailed documents setting out the Code requirements as follows:
- Code of Practice for the Governance of State Bodies;
- Business and Financial Reporting Requirements;
- Audit and Risk Committee Guidance;
- Remuneration and Superannuation; and
- Board Self-Assessment Evaluation Questionnaire.
For commercial State bodies the oversight agreement between the relevant Minister/parent Department and the State body is the Shareholder Expectation Letter. A model Shareholder Expectation Letter is included for information: Model Shareholder Expectation Letter.
The press release for the launch of the Code of Practice can be found here.
A list of the significant changes in the 2016 version of the Code of Practice from the 2009 version can be found here.
The Code of Practice for the Governance of State Bodies (2009) is provided here for reference.
Standards in Public Office Commission
Members of Boards of State Bodies are required to furnish annually a statement of any registrable interests and those of a spouse or child (or a child of a spouse) which could materially influence them in, or in relation to, the performance of their functions. The Statement of Interest forms are published by Department of Public Expenditure and Reform. Further details on registrable interests and on the work of the Commission are available at www.sipo.gov.ie
When your application is received, we create a record in your name, which contains much of the personal information you have supplied. This personal record is used solely in processing your expression of interest and should you be successful certain information you provide will be forwarded to the relevant Department/Office. Such information held is subject to the rights and obligations set out in the Data Protection Acts, 1988 & 2003. To make a request under the Data Protection Acts 1988 & 2003, please submit your request in writing to: THE DATA PROTECTION CO-ORDINATOR, PUBLIC APPOINTMENTS SERVICE, “CHAPTER HOUSE”, 26-30 ABBEY STREET UPPER, DUBLIN 1, ensuring that you describe the records you seek in the greatest possible detail to enable us to identify the relevant record. A fee of €6.35 should accompany your request (if the request is for non personal information; there is no fee for personal information). Payment should be made by way of bank draft, money order, or personal cheque, made payable to the ‘Public Appointments Service’. Certain items of information, not specific to any individual, are extracted from records for general statistical purposes.