For proper governance at OCI, the entire board must now step down
Published 29/10/2016 | 02:30
You could be forgiven for imagining that corporate governance is an outlandish concept that crash-landed on Planet Sport in August, when the Olympic Council of Ireland (OCI) collided with Rio 2016.
Accountability? Strategic planning? Robust internal systems? Clear demarcation of power? Leave that to the wimps. Or so the dismissive attitude stemming from one of Ireland's major sporting bodies suggests.
But corporate governance - a transparent control framework under which organisations operate - is internationally accepted as necessary to safeguard both a business and its stakeholders. Consequently, the wonder isn't that the governance-free OCI is stretched out with broken limbs in the emergency ward. It's that the fault lines in the organisation didn't lead to problems spilling into the public arena before now.