Wednesday 16 October 2019

Foreign executives gain half of Irish director jobs

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John Mulligan

John Mulligan

JUST over half the directors appointed to Irish public companies last year were foreign nationals, according to research from global executive search firm Heidrick & Struggles.

It also found that of the 503 independent director seats filled last year at companies listed on stock exchanges in France, Germany, Ireland, the UK, Spain, Portugal and the Netherlands, 62pc went to former CEOs or chief financial officers.

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The research also confirmed earlier data released by the firm that Irish-listed companies have the lowest share of female participation at board level, compared with the other countries in the study.

Just 29pc of new board seats at listed Irish firms were filled by women. That compares with an average of 38pc across the seven countries in the study.

Among the women appointed to Irish boards as non-executive directors last year was Róisín Brennan.

The former CEO of IBI Corporate Finance, she was appointed as a director of Ryanair.

Irish Independent

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