Sinn Féin Deputy Leader Mary Lou McDonald TD has called for an overhaul of how government appoints members to state sponsored boards.
Speaking today at the launch of Sinn Féin’s policy document on Corporate Governance ‘Good board/bad board - Transparency, accountability and diversity on State boards’, chaired by Sinn Féin Dublin EU Candidate Lynn Boylan, Deputy McDonald said:
“In the wake of recent scandals surrounding the appointments and remuneration packages of state sponsored board members one thing is crystal clear; little has changed since Fianna Fáil left office.
“Sinn Féin’s policy document on Corporate Governance aims to restore confidence in state sponsored boards across all sectors, including charities in receipt of subsidies from government and donations from the public.
“Sinn Féin is proposing five key recommendations to tackle this. We aim to limit directorships to five per individual, to attain a 40 per cent gender quotas on all boards, to bring equity to remuneration for directors, transparency in appointments and for there to be a timely provision of accounts and regular auditing.
Sinn Féin’s Dublin EU candidate Lynn Boylan said:
“CRC and Rehab have undermined public confidence in the work of all state sponsored board members and the work they do. Fine Gael and Labour promised to end the culture of political cronyism yet it appears very little has changed.
“It is clear that the cronyism of Fianna Fáil is not dead and gone, and is still very much alive and kicking under Fine Gael and Labour’s watch. Sinn Féin’s policy for transparency, accountability and diversity on State boards will once and for all end the current corrosive culture of cronyism.”