Boards must be clear in reports and ‘avoid formulaic descriptions’

THE boards of Irish-listed companies should embrace confident and persuasive communications with shareholders and seek to avoid formulaic descriptions and explanations.

This is one of the key recommendations of an independent review of the level of compliance by Irish-listed companies with the combined code on corporate governance overseen by a review panel, chaired by Professor Niamh Brennan, academic director, Centre for Corporate Governance at UCD.

The review indicates that there is a high level of compliance with the code by Irish-listed companies.