Summary

The IAIM’s endorsement of the Code extends to its requirements regarding disclosure of directors’ remuneration, the area of single greatest difference between the corporate governance regimes of Ireland and the UK. It is the IAIM’s strong view that, given the increased globalisation of capital markets, trends towards greater accountability and transparency and the need to ensure the optimum attractiveness of Irish stocks in a Euro environment, current disclosure practice in this area is unsustainable. The IAIM recommends that the Combined Code’s requirements regarding disclosure of directors remuneration be adopted in their entirety and that the Irish Stock Exchange should amend its Listing Rules accordingly.