Saturday 25 February 2017

FAI must explain the reasons for secrecy over bizarre 'dig-out'

Ivan Yates

Ivan Yates

Delaney’s attempts to justify what appears to world soccer a bizarre payment reminded me of
Bertie Ahern’s various stories about his finances; such as winning it on ‘de horses’ and stuff
Delaney’s attempts to justify what appears to world soccer a bizarre payment reminded me of Bertie Ahern’s various stories about his finances; such as winning it on ‘de horses’ and stuff

THE buzzwords in Parliament this week are "corporate governance". The Oireachtas committee on sport wants John Delaney to account for his clandestine FIFA/FAI actions, and in the Dáil chamber they're clamouring for IBRC inquiries into debt deals.

Let's not complicate this - corporate governance is dead simple. It boils down to internal oversight of executives. If you're a company director, you're prepared to be part of the awkward squad; asking questions about the CEO's remuneration package and other such touchy issues. Ultimately, it's about biting the bullet in hiring and firing the CEO.

The top brass of the FAI (president, honorary treasurer and finance director) have been invisible as their CEO floundered in the face of the furore over Sepp Blatter's €5m payoff.

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