Ireland’s jumbo directors: an update

The Central Bank of Ireland’s ICAV register is a very useful tool for monitoring both fund directorships and fund manager relationships held by Irish non-executive directors.

It reveals that some Irish fund directors have an astonishingly large number of manager relationships. Some appear to have more manager relationships than in any other fund jurisdiction, including Cayman. 10 Irish independent directors, with the largest number of funds, have 312 different relationships with asset managers.

The NED last looked at the CBI’s Register of Registered Irish Collective Asset-Management Vehicle (ICAV) for information on directors was six months ago. We wanted to see if the introduction of CP86 has made a difference to the number of fund board positions held by Ireland’s independent directors. CP86, which covers directors’ time commitments, came into effect in July 2018.

To read more on this story see the November issue of The NED.