The president of the High Court has ruled only a redacted version of the first report of the inspectors investigating Independent News & Media can, at this stage, be disclosed to INM, the Central Bank, and others, including ex INM chairman Leslie Buckley.
The State’s corporate watchdog has said it was “absolutely wrong” for INM to claim it was deprived until March last of information casting doubt on its former chairman Leslie Buckley’s explanation for the removal of data from INM in 2014.
Independent News & Media has a “very high standard” of corporate governance procedures and would have told the State’s corporate watchdog so, had he made it aware he had concerns in that regard, the High Court has been told.
Ireland’s largest publishing firm, the stock market-listed Independent News and Media, has been thrown into crisis amid serious allegations by the State’s corporate enforcer that include claims of governance misdeeds and email hacks.
The president of the High Court has ruled that Leslie Buckley, who is to step down shortly as chairman of Independent News and Media, is entitled to privilege over 10 documents concerning the preparation of his response to the State corporate enforcer’s investigation of a whistleblower complaint.
Independent News and Media — of which Denis O’Brien owns a significant stake — said it wants “urgently” to spark a debate over ownership and consolidation of newspapers and broadcasters in Ireland, claiming “unhelpful” regulatory conditions were placed this year on its now aborted bid to take over regional publisher Celtic Media.
Independent News & Media (INM) has announced further cuts to its editorial staff, with up to 30 people set to leave as part of the group’s ongoing implementation of a broader digital strategy and a more collective working environment across its main newspaper titles, which include the Irish Independent and the Sunday Independent.