The Board of Pobal
The Board of Pobal operates to best practice corporate governance principles in line with the guidelines set out in the Revised Code of Practice for the Governance of State Bodies, as issued by the Department of Finance in June 2009. Pobal has instituted an appropriate induction and development process for new and existing Board members.
The Board is responsible for overseeing the broad strategy and policies for the organisation. It is responsible for the system of internal financial control and for putting in place processes and procedures for ensuring that the system is effective. It performs these functions directly and through the operation of specific Board Committees in accordance with approved Terms of Reference. Responsibility for the implementation of policy rests with the Executive Management Team (EMT) of Pobal.
The Board of Pobal consists of 16 members, who are appointed by the Irish Government. These directors work in a voluntary capacity and receive no fees or remuneration for the time spent in carrying out their duties for Pobal. They receive expenses according to agreed Civil Service rates.
Main functions of the Board
• Advising and assisting the CEO and Executive Management of Pobal to achieve its mission.
• Providing for the preparation, implementation and review of the company’s Strategic Plan
• Ensuring compliance with corporate governance requirements, including its financial obligations.