Tag Archives: governance



Further to reports that Irish Water spent €16million on extending its lease – by 10 years – at its Colville House, Talbot Street, Dublin 1 HQ.

Three days after the general election.

Niamh Brennan, the Michael MacCormac professor of management and academic director of the UCD Centre for Corporate Governance, writes in today’s Irish Times:

As it is, the governance of Irish Water is unusual, in that it is structured as a wholly owned subsidiary of another State body, Ervia (formerly Bord Gáis Éireann).

Initially, the board of Irish Water comprised 14 directors, of whom 10 were independent non-executive directors (ie, they did not work in Irish Water on a day-to-day basis) and four were executive directors.

Then, the minister for the environment at that time, Alan Kelly announced he would be putting in place a new unitary board, combining Irish Water and parent company Ervia.

…By the end of November 2014, all the non-executive directors were gone, leaving Irish Water with a solely executive board, comprising (according to the 2014 financial statements) Michael McNicholas, chief executive of the parent company, Ervia; John Tierney, managing director of Irish Water; Brendan Murphy, Ervia group finance director; and Michael O’Sullivan, Ervia group commercial regulatory director.

Thus, there is currently no direct non-executive oversight of these four executive directors on the board of Irish Water. Instead, Irish Water is subject to the control and oversight by the board of Ervia, its parent company.

The position of chairman of Ervia is currently vacant, following Rose Hynes’s resignation in October 2015. How can the board of Ervia be operating effectively without a chairman?

In November 2015, Irish Water announced that John Tierney would be stepping down as managing director at the end of April 2016.

Who is Irish Water’s managing director now? Does Irish Water currently have a managing director?

There is a large section on Ervia’s website on transparency, including web pages for Ervia and Irish Water board meeting minutes. These web pages are empty. Transparency indeed.

Lifting lid on Irish Water reveals unusual governance (Niamh Brennan, Irish Times)

Related: Irish Water extended HQ lease by 10 years in €16m deal (Fiachra Ó Cionnaith, Irish Examiner)