The commercial director, strategy and performance director, operations director (who was appointed as a statutory director of the board in March 2021) and head of legal and governance attended the board by invitation. Other senior managers attend the board in order to present papers and join strategic discussions and to support their learning and development.
1.2 Board performance
Compliance with the corporate governance code
We comply with the corporate governance code in central government departments and government guidance in so far as is relevant and practical for an arm’s length body of our size and complexity. In line with our BEIS framework document:
Assisting pension contributors acquire homes -2 Entities sign pact
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How to manage: Legal changes bring major reform to pension schemes Employers and pension trustees in Ireland will need to adapt to the new rules or face the risk of non-compliance 30th May, 2021
Under new pension rules, there will be an obligation to put in place a range of written policies including remuneration and outsourcing policies. Picture: Getty
The Irish pensions landscape has been undergoing considerable change in recent years, but many employers may be unaware of the most significant reform in three decades.
Last month, Heather Humphreys, the Minister for Social Protection, signed the European Union (Occupational Pension Schemes) Regulations 2021. These regulations give effect to the EU’s IORP II Pensions Directive and will fundamentally alter the future of defined benefit (DB) and defined contribution (DC) pension schemes.