Submission to the Central Bank and Financial Services Authority of Ireland in relation to Consultation Paper CP41 on Corporate Governance Requirements for Credit Institutions and Insurance Undertakings
TI Ireland advised in our submission of the need for any corporate governance framework to make statutory provision for clear requirements, channels and safeguards for (inter alia) directors, employees and consultants of Irish financial institutions reporting concerns in the public and shareholder interest.
In addition, we promoted the need for an effective mechanism for ensuring that such reports are adequately pursued both internally by institutions receiving reports and externally by the relevant regulatory authorities.