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ARTICLE · 17 JANUARY 2011

Corporate Governance Code for Insurance Undertakings

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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Following a consultation process, the Central Bank of Ireland (the "CBoI") has introduced its Corporate Governance Code for Credit Institutions and Insurance Undertakings (the "Code") in November, 2010.

IrelandCorporate/Commercial Law
Dillon Eustace
Dillon Eustace
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Introduction

Following a consultation process, the Central Bank of Ireland (the "CBoI") has introduced its Corporate Governance Code for Credit Institutions and Insurance Undertakings (the "Code") in November, 2010. The Code establishes a set of governance rules designed to ensure sufficient oversight exists and is exercised by boards of credit institutions and of insurance undertakings to minimise the effect of any future financial crises.

In this briefing we focus on the key provisions of the Code applicable to insurance undertakings in Ireland. For more detail on how to comply with the provisions of the Code, please contact Andrew Bates or David Nolan of Dillon Eustace.

At the outset it is important to note that the Code does not apply to:

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