As corporate governance professionals the team at Lionheart Corporate Governance, are regularly engaging with Boards on the critical importance of cybersecurity. The recent surge in high-profile cyberattacks has highlighted the significant business risks posed by these threats, from financial loss and reputational damage to system downtime and customer attrition.

The Charities (Amendment) Bill 2023, emerging from extensive consultations within the charity sector, introduces several critical updates to the regulatory framework governing charities. These changes, aimed at enhancing clarity, accountability, and governance within the sector, also bring with them a varying degree of administrative implications for charities. We have set out our perspective on some the amendments as follows, focusing on their potential administrative burden and importance for streamlining compliance.

In our practice here at Lionheart Corporate Governance where we deal in the realm of modern governance, #ESG discussions reign supreme, significantly impacting investor relations and regulatory landscapes.

What we are seeing with Irish Board Directors seeking continuous professional development (CPD) or Effective Board Evaluations, is that they are honing in on the "S" in ESG—which represents the Social aspect—clearly at this point its become a strategic priority.

As we look ahead to 2024, it's clear that the corporate governance landscape is rapidly evolving. The trends that have shaped the past few years - from increased standards for sustainability reporting to rising gender diversity on corporate boards - are expected to continue, but with new challenges and opportunities on the horizon.

From December 17, 2023, The Protected Disclosures (Amendment) Act 2022 expands its reach to organisations with 50 to 249 employees.

This landmark legislation, enacted in January 2023, transposes the EU Whistleblowing Directive and mandates robust reporting channels for workers to safely disclose concerns about wrongdoing.

Previously, the Act's obligations applied exclusively to private sector organisations with 250 or more employees, along with public bodies and entities governed by specific EU regulations.

With the upcoming expansion, employers with 50 to 249 employees must now establish formal reporting procedures to safeguard whistleblowers.

The Act emphasises the confidentiality of whistleblower identities, ensuring that reporting individuals are not subjected to retaliation or dismissal.

It also broadens the scope of protected disclosures to include a wider range of wrongdoing, encompassing areas like environmental breaches and public health concerns.

Lionheart Corporate Governance is advising its clients whose obligations may come under the Act to thoroughly review their existing whistleblower policies to ensure compliance and alignment with the Act's requirements.

We frequently get asked to explain the Corporate Sustainability Reporting Directive (CSRD) to Boards of Directors.

The CSRD is a new EU law that will require large companies and listed SMEs to report on their sustainability performance. It is the biggest change in sustainability reporting regulation in over a decade, and it will come into force on a phased basis from January 2024.

In observance of Charity Trustees' Week, Lionheart Corporate Governance offers vital insights into the roles and responsibilities of charity trustees.

This snapshot underscores the significance of compliance and effective governance in the charity sector. It outlines key focus areas, including policy development, conflict management, and risk assessment. By leveraging Lionheart's extensive experience in charity governance, the piece provides actionable guidance for trustees. The article concludes with an offer for professional consultation from Lionheart, positioning it as a valuable resource for trustees seeking to enhance their organisations governance and legal adherence.

In our practice here at Lionheart Corporate Governance where we deal in the realm of modern governance, #ESG discussions reign supreme, significantly impacting investor relations and regulatory landscapes.

What we are seeing with Irish Board Directors seeking continuous professional development (CPD) or Effective Board Evaluations, is that they are honing in on the "S" in ESG—which represents the Social aspect—clearly at this point its become a strategic priority.

RECENT ENGAGEMENTS

November 2022

• Advising a National Charity in the Early Years’ Service Provider sector and other educational bodies and institutions on the preparation and implementation of Strategic Plan’s. Facilitating stakeholder engagement sessions and undertaking Board evaluation’s against the relevant Codes.

#boardevaluations #boards