The 2024 Ireland Spencer Stuart Board Index examines the 20 largest companies, according to market capitalisation on the Euronext Dublin (the ISEQ 20).
Our start date for the year under review is 1 May 2023 and our cut-off date is 30 April 2024, although in practice the last working day of the month was 30 April 2024.
The composition of the ISEQ 20 has changed in the period under review. Flutter Entertainment moved its listing to the New York Stock Exchange in January 2023.
The purpose of the survey is to provide a comprehensive review of governance practices in these 20 companies at a given point, in order to identify significant trends.
Information has been compiled from publicly available sources. This report analyses board membership as it stood on 30 April 2024; remuneration information is taken from the 2023 annual report for each organisation.
We generally treat chairs, non-executive directors, and executives separately throughout the course of this study. We have tried to make it as clear as possible which of these groups we are analysing for any given topic.
In discussing CEOs, CFOs, and other executive directors, we are concerned only with those who sit on the board of their company.
Foreign directors are defined as being of a different nationality from the company on whose board they sit. First-time non-executive directors are defined as being in their first term or first three years as a non-executive director and not having held any other external non-executive role before joining the board.
All remuneration data is given in euros. We have analysed both the fees as they are stated in the annual report that would be earned by a non-executive who serves in the role for the full year, and the fees as they were actually paid out in the course of the year, including for NEDs who joined the board or changed role part way through the year. The data being analysed is clearly stated in each case.