On 14 December 2011, the Irish Funds Industry Association issued a Corporate Governance Code (the “Code”) for Irish Investment Funds and their Management Companies. It simultaneously issued a Frequently Asked Questions document (“FAQ”), to complement the Code and support its introduction.
The introduction of the Code arises from an invitation from the Central Bank of Ireland (the “Central Bank”) to the funds industry in 2010 to develop such a code, as part of a process of introducing corporate governance codes for the many sectors of the financial services industry in Ireland. A steering group within the industry was established to lead the project, which involved significant consultation with the Central Bank.
More information on the code can be found following this link: NewCorporateGovernanceCodeforIrishFunds.