SEAI has become the first company not only in Ireland but also in Europe, to gain the SWiFT 3000: Code of Practice for Corporate Governance Assessment.

SWiFT 3000’s primary objective is to provide organisations of all sizes and types with a standard framework of assessment of compliance with relevant corporate governance codes.

The scheme is organised by the National Standards Authority of Ireland (NSAI) the country’s official standards and measurement body.

Ireland’s minister for small business, John Perry, said: “The certification of SEAI is the first in Ireland and Europe and shows Ireland is prepared to lead the corporate governance agenda, not follow it.

“Good corporate governance is about transparency, accountability, fairness, responsibility and disclosure.

“It has never been more relevant as collectively we begin the process of rebuilding Ireland’s reputation with our country’s neighbours, the markets, potential investors and consumers.”

SEAI chief executive, professor Owen Lewis, added: “This certification is a testament to the governance culture developed by the SEAI Board and the hard work and dedication of the team at SEAI in implementing the process.

Since the launch of the SWiFT 3000 Code last year, the first group of technical assessors have been independently qualified to undertake the assessment process.

Luke Walsh

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