Survey reveals personal or reputational risk as main deterrent for sitting on State boards

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 30 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 77%

Business News

Directors,Business Leaders,Personal Risk

Almost two-thirds of directors and business leaders have cited the “personal or reputational risk” as the main deterrent to sitting on State boards, according to a survey by the Institute of Directors (IoD) Ireland. The finding comes amid the ongoing payments controversy at RTÉ, which last month resulted in the departure of chairperson Siún Ní Raghallaigh, who was appointed in late 2022.

Almost two-thirds of directors and business leaders have cited the “personal or reputational risk” as the main deterrent to sitting on State boards, according to a survey by the Institute of Directors (IoD) Ireland. The finding comes amid the ongoing payments controversy at RTÉ, which last month resulted in the departure of chairperson Siún Ní Raghallaigh, who was appointed in late 2022.

Her tenure in charge was marked by scandals including undisclosed payments to former presenter Ryan Tubridy, RTÉ barter accounts, Toy Show the Musical and exit payments to former RTÉ executives. The IoD’s survey indicated that three out of five (60 per cent) directors had concern about the personal or reputational risk involved in serving on a State board.Tracking down a retired solicitor over query with a willHowever, when asked if they would consider applying for a position on a State board, nearly 72 per cent signalled they would still consider applying for a positio

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines