Strong, successful private businesses are the bedrock of the Irish economy. They provide value for their shareholders, their workforces and for wider society. The conduct and governance of private companies has a significant impact on the interests of employees, suppliers and customers. Good corporate governance provides confidence to key stakeholders that a company is being well run.
Good corporate governance starts at the top. The chairperson leads the company and sets the tone for the entire organisation. An effective chairperson ensures that the private company operates with a clear sense of purpose and collective vision and that its core values and culture are lived on a daily basis.
We have set out the ten key principles which the chairperson of a private company should apply. These principles are informed by the leading thinking in the area of corporate governance and by our own experiences of working side by side with Irish private business every day.
Good business, done well, is a positive force in society. These principles equip the chairperson with some of the tools they need to make this goal a reality.