Corporate Governance, Compliance & Board Evaluations

The Corporate Governance Code for Credit Institutions & Insurance Undertakings was published by the Central Bank of Ireland in November 2010. The Code applies to all Irish banks, building societies, insurance companies (both life and non-life but excluding captives), and reinsurance companies (excluding special purpose reinsurance vehicles) since 1 January 2011.

Institutions were given a transitional period of 30 June 2011 to implement any necessary changes to their systems and structures, with an extension to 31 December 2011 where changes to the board were necessary. Institutions which are considered by the Central Bank to be a “Major Institution” will be subject to more onerous requirements than other financial institutions.

Our team can assist you with putting appropriate documentation and procedures in place to comply with the Code, including:

  • Policy documents regarding conflicts of interest of board members;
  • Formal letters of appointment for directors;
  • Formal board reviews on an annual basis;
  • Terms of reference for the board and all sub-committees of the board;
  • Formal remuneration policy;
  • Formal list of matters reserved specifically to the Board for decision; and
  • Annual statement of compliance with the Code for inclusion in the Annual Report
We have advised a wide range of financial institutions on both the implementation and ongoing compliance with the Central Bank of Ireland’s requirements. We have also conducted board reviews and produced various reports on matters of corporate governance.

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We are consistently ranked as one of the leading insurance and reinsurance law firms in Ireland.

Department

"The lawyers are by our side in a fast and evolving regulatory landscape; it doesn't feel like working with an anonymous corporate law firm. They are very solution-oriented and pragmatic in their approach. Their depth of knowledge and willingness to turn things around in a tight timeframe are fabulous." "The team provides comprehensive and effective advice on complex transactions, which are completed on time and within budget."
Chambers Europe, 2015 - Insurance

 

William Fry is ‘a known centre of insurance expertise’.
Legal 500 EMEA, 2015 - Insurance

"The team is impressive. It is in tune with what I want, responsive and gets great results."   "The lawyers are incredibly knowledgeable, but not at all arrogant. It is an authority in our industry."  
Chambers Europe, 2014 - Insurance

Sources say: "With this firm we can pick up the phone and get things done very quickly." "Lawyers here delivered what they said they would and when they said they would. They are very consistent – all the work is excellent and they are easy to do business with."
Chambers Europe, 2013 - Insurance

 

William Fry has ‘high industry knowledge and interaction’ and is the firm of choice for many transactions.
Legal 500 EMEA, 2013 - Insurance

 

Sources say: 'The team will work all hours to make sure we get what we need in the time.' 'It is a tight-knit team that is full of integrity and works to provide the best for its clients.'
Chambers Europe, 2012 - Insurance

 

William Fry is an ‘expert in its field’.
Legal 500 EMEA, 2012 - Insurance 

  

Team

John Larkin
John Larkin ‘provides practical solutions’.
Legal 500 EMEA, 2015 - Insurance

"There is nothing about insurance that he doesn't know. He is a great guy to go to when you have a problem because he will always give you time and make sure you get support and attention."
Chambers Europe, 2015 - Insurance

Department head John Larkin "is focused, solution-driven and commercially minded. He has great industry knowledge," enthuse clients.
Chambers Europe, 2014 - Insurance

 

John Larkin's 'knowledge of insurance law is second to none. He understands the marketplace and really combines that with his pragmatism. He is easy to deal with and not a time waster.'
Chambers Europe, 2013 – Insurance

 

Clients value John Larkin's 'fantastic network – he knows everyone in the business in Ireland and further afield.'
Chambers Europe, 2012 - Insurance

 

Clients highlight team head John Larkin for his ‘keen understanding of the financial services environment’
Legal 500 EMEA, 2012 - Insurance

 

Paul Murray

'Paul Murray is especially well reputed for life and non-life risk securitisations, derivative transactions and issues arising in the context of custodial services and asset management activities'.
Chambers Europe, 2011 - Insurance

 

Owen O'Sullivan

Sources regard Owen O'Sullivan as "pragmatic and a deal maker. He is a great litigator." He heads the dispute resolution team.
Chambers Europe, 2014 - Insurance

 

Owen O'Sullivan is praised for his "prompt, enthusiastic and responsive approach."
Chambers Europe, 2013 - Insurance

 

Owen O'Sullivan is lauded as 'very calm and businesslike. He can see what the issues are and will deal with them sensibly.' 
Chambers Europe, 2012 - Insurance

 

Eoin Caulfield
Eoin Caulfield ‘provides practical solutions’.
Legal 500 EMEA, 2015 - Insurance

Eoin's "ability to cut through complicated issues and arrive at an opinion. He is practical, prompt and thorough, making everything easy."
Chambers Europe, 2015 - Insurance

 

Eoin Caulfield is praised as "pragmatic, understands everything about the area, and provides practical and solution-oriented advice." He recently advised Allied World Assurance on the proposed merger by acquisition of its insurance and reinsurance platforms to form a single carrier.
Chambers Europe, 2014 - Insurance

 

Eoin Caulfield is described as "exceptionally knowledgeable about the sector and insurance start-ups as well as any regulatory and commercial issues that may affect insurance companies."
Chambers Europe, 2013 - Insurance

 

Eoin Caulfield is highly valued by clients, who say 'he is approachable and knowledgeable, with an exceptional understanding of the European insurance market.' 
Chambers Europe, 2012 - Insurance

 

Clients highlight Eoin Caulfield as being ‘a pillar of support’.
Legal 500 EMEA, 2012 - Insurance

Key Contacts

John Larkin Partner

Eoin Caulfield Partner