Institute of Directors: Conflicts of interest are rampant on Irish boards

Conflicts of interest are rampant on Irish company boards, a survey of directors who sit on the boards has found.

The Institute of Directors (IoD) in Ireland, which canvassed the views of 431 firms, said its survey of boardroom ethics was the first of its kind to be carried out here. The findings showed a dearth of controls of key governance issues and were a matter of “concern”, the IoD said.

Half of the directors responding to the detailed survey of 40 questions said there was “a prevalence of conflicts of interest” on boards.