IFA to end its standoff and go back into the FBD boardroom
The IFA has not had an official representative on the board of FBD since last April 2016, but that looks set to change in the coming weeks.
Established in the 1960s by farmers, FBD has traditionally offered the role of non executive Director to the sitting IFA President.
However, an on-going stand off between the insurance firm and IFA has left the farming body without any official representation on the board since April last year.
But, now it seems that the deadlock over the IFA representative on the board of FBD could end soon, almost 12 months after former President Eddie Downey stepped down from the role in April 2016.
Downey resigned as President of IFA in November 2015, following a scandal over pay levels at the top of the organisation, and did not seek to be re-appointed to the board of FBD in April 2016.
Following his election as IFA President in April 2016, Joe Healy was invited by FBD to join its board, an appointment that is subject to approval by the Central Bank of Ireland, but he did not take up the offer.
Healy said at the time that he would not be taking up the post due to his busy workload as the new President and suggested that Eddie Downey would be an ideal candidate to represent IFA.
Healy then attempted to nominate the IFA former President to the post, which pays €39,000 a year.