Dáil Éireann Debate, Wednesday - 24 March 2010
80 Deputy Ciarán Lynch asked the Minister for Transport if he is undertaking a further review of the governance structures at a company (details supplied); if he has been briefed by this company in this regard; if he has liaised with the Department of Justice, Equality and Law Reform on this matter; and if he will make a statement on the matter. [12792/10]
Amharc ar fhreagraI have responded to priority questions relating to the corporate governance of Shannon Foynes Port Company in the House on 9 December and 9 February last.
My Department carried out a review of corporate governance arrangements in all State bodies under its aegis in 2008. As a result of this I wrote to these bodies, including Shannon Foynes Port Company, outlining new procedures for the monitoring of corporate governance.
The new procedures include more detailed reporting requirements and annual formal meetings with the management and boards of these bodies.
My Department continues to monitor Shannon Foynes Port Company's compliance with corporate governance requirements in accordance with these new procedures.
In 2008, a new chairperson and board were appointed to the company to provide renewed leadership and strategic direction to the company. The chairperson's annual report to the Minister in respect of 2009 will be submitted shortly.
As stated previously, any correspondence relating to Shannon Foynes Port Company alleging inappropriate corporate behaviour has been brought to the attention of An Garda Síochána and the Office of the Director of Corporate Enforcement.
