Governance & Regulatory Functions

We thought it would be useful to share with you, the significant Governance & Regulatory Functions matters to consider in dealing with this Pandemic.

  • Board and other committee meetings must continue to be held – ideally by video conferencing and with reduced agendas focusing mainly on the COVID 19 pandemic 
  • Delegated decision making to Executive/Task force giving them the agility to react quickly, keep business going, and adhere to HSE guidelines 
  • Risk function to identify new risks as a result of the pandemic in the areas of Lending, Credit Control, Operations, Governance, Investments and Liquidity and identify the related mitigating controls. 
  • Test plans – clarify that these are Internal Audit, Risk and Compliance plans
  • Review and update the Risk Appetite Statement as there is likely to be a change to this arising from the pandemic

Contact Us:

Colm O'Grady - Audit & Business Advisory Partner 

Ronan Kilbane - Audit & Business Advisory Partner 

Michelle O'Donoghue - Audit & Business Advisory Director 

Aine Dunne - HR Consultant