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Sam Boal/RollingNews.ie

Two INM directors re-classified as not independent

The company’s annual report was released today.

INDEPENDENT NEWS AND Media has stated that two of its directors can no longer be classified as independent.

In its annual report, INM said that directors Triona Mullane and Allan Marshall could not longer be considered as being independent as they had provided services to the company.

INM is the media group behind the Irish Independent, the Sunday Independent, the Evening Herald and others. It has as its largest shareholder businessman Denis O’Brien.

The annual report found that Triona Mullane had provided consultancy services to INM through a different company.

She is also the CEO and largest shareholder of mAdme Technologies, which has had dealings with O’Brien.

“The Board is satisfied that Ms Mullane has always demonstrated independence at Board and Committee,” the report reads.

But considers that, collectively, the existence of these relationships or circumstances could be seen to affect independence and has determined that Ms. Mullane should not be considered independent for the purpose of the 2014 Code.

Marshall, meanwhile, had provided consultancy services to INM through a company called Computercall UK.

The report said that the company was “non-compliant” with parts of the Code that required that “at least half of the Board, excluding the Chairman, comprise non-executive Directors determined by the Board to be independent”.

The company said it was “committed to high standards of corporate governance and will take actions to address this area of non-compliance in the next four months”.

Read: The corporate watchdog wants to know more about INM’s abandoned bid for Newstalk

Read: Enda Kenny says he’s concerned about INM major media merger

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8 Comments
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    Mute SerotoninWars
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    Aug 13th 2024, 2:26 PM

    Terrifying but sadly all too predictable as temperatures rise. You’d hope this would wake a few of the deniers up as it’s more local than some of the countries people chauvinistically dismiss. But alas these people would still be posting their copy and paste, Trump n dumpster science support, while the fire or flood is on their doorstep.

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    Mute Niall English
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    Aug 13th 2024, 2:43 PM

    @SerotoninWars: you do realize they’ve had wildfires all over the globe for centuries?

    49
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    Mute Brendan O'Brien
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    Aug 13th 2024, 2:45 PM

    @Niall English: You do realise that they have been far worse in recent years on account of climate change?

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    Mute ItWasLikeThatWhenIGotHere
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    Aug 13th 2024, 4:19 PM

    @Niall English: You do realise that ever more parched woodlands catch fire ever more easily, which spreads ever more quickly?

    7
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    Mute ItWasLikeThatWhenIGotHere
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    Aug 13th 2024, 4:28 PM

    @JOHN O CONNELL: You mean when there were only a few millions of people?

    And vast areas of the planet were covered in forests?

    Imagine that!

    8
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    Mute Brendan O'Brien
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    Aug 13th 2024, 4:43 PM

    @JOHN O CONNELL: Those fires were caused by a collision with fragments of a comet. What is your point?

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    Mute john mac
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    Aug 13th 2024, 7:04 PM

    @JOHN O CONNELL: Younger Dryas

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    Mute P. V. Aglue
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    Aug 13th 2024, 11:18 AM

    It must have all grown back, from being burnt the last few years

    19
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    Mute Brendan O'Brien
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    Aug 13th 2024, 2:13 PM

    @P. V. Aglue: You think houses and factories grow back?

    27
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    Mute Padraig O'Brien
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    Aug 13th 2024, 1:12 PM

    What did the Greeks ever do for us?

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    Mute Thesaltyurchin
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    Aug 13th 2024, 2:24 PM

    @Padraig O’Brien: The birthplace of western thinking.

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    Mute David Jordan
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    Aug 13th 2024, 2:41 PM

    @Padraig O’Brien: Plato, Aristotle Euclid’s geometry aid the foundations for European rationality and scientific inquiry, and influenced the development of European science and mathematics. The epics of Homer and the tragedies of Euripides and Sophocles deeply influenced European literature; their Greek humanism, that emphasized individual dignity, profoundly affected the development of European and American literary traditions. The music of Ancient Greece, particularly the theoretical frameworks of harmonics developed by the likes of Pythagoras, laid the foundations of Western music theory. And the political ideas of Ancient Greece, particularly the concept of democracy as practised in Athens, have had a lasting impact on European politics and systems of government.

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    Mute ItWasLikeThatWhenIGotHere
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    Aug 13th 2024, 4:11 PM

    @David Jordan: I frequently reread an old school text book on ancient Greek history by Bury.
    (Am reading it again at the moment.)

    Fascinating.

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    Mute Fr. Fintan Stack
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    Aug 13th 2024, 4:29 PM

    @David Jordan: “The music of Ancient Greece, particularly the theoretical frameworks of harmonics developed by the likes of Pythagoras, laid the foundations of Western music theory”.
    And then (c)rap came along and that all went out the window.

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    Mute Zmeevo Libe
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    Aug 14th 2024, 1:43 PM

    Here in Bulgaria the fires started in June and keep going. There is several at any given time, and once a fire is put down, another one starts in a different place. There are constant appeals for volunteers to help the fire service, who are exhausted. Turkey sent fire trucks to help, and the Chesch republic sent two planes. What seems to be missing is coordinated EU level approach to this – Southern Europe is burning, and will continue burning every summer. Did someone ask Ursula what the plan is?

    3
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    Mute Padraig O'Brien
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    Aug 14th 2024, 12:32 PM

    @ Thesaltyurchin and David Jordan
    Are ye too young to have seen Monty Python?

    1
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