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THE STATE’S CORPORATE watchdog, the Director of Corporate Enforcement, is to seek inspectors to investigate Independent News & Media plc, the publisher of the Irish Independent, Sunday Independent, Herald and other newspapers.
The Office of the Director of Corporate Enforcement has been investigating corporate governance at the media group, according to Independent.ie.
The ODCE is to apply to the High Court next month to have the inspectors appointed.
Former INM CEO Robert Pitt made a protected disclosure which sparked the probe.
He and former INM chairman Leslie Buckley, who stepped down from his post at the start of the month, had a falling out over a proposal to buy the Newstalk radio station.
The company is taking legal advice on whether the High Court has sufficient grounds to make the appointment of the inspectors.
A company spokesperson released this statement last night:
“On March 23rd 2018, the Company received notice from the Director of Corporate Enforcement of his intention to apply to the High Court of Ireland under section 748 of the Companies Act 2014 for the appointment of inspectors to investigate the affairs of the Company.
“The Company has been informed that the Director will make an application to the Court for the appointment on April 16th, 2018.
“Under section 748 of the Companies Act 2014, the Court may appoint an inspector to investigate the affairs of a company, and to report on those affairs to the court, if the Court is satisfied that there are circumstances suggesting that the affairs of the company have been conducted in an unlawful manner or on certain other specified grounds.
“The Board of INM is taking legal advice as to whether the Court would have sufficient grounds to make the appointment.
“The Board and the Company’s management remain fully focused on the business and ensuring that the day-to-day operations are conducted as normal.
“However, the appointment, if made, could result in the Company incurring material costs.
Further announcements will be made in due course, as appropriate.
In addition to the Independent titles and the Herald, INM also publishes the Sunday World, Belfast Telegraph, Sunday Life and The Star – as well as regional papers like the Drogheda Independent, Wexford People and The Kerrryman.
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To the crew “Don’t worry, you’ll still get paid” To the instigator “I’ll shoot you!”
Yes the ultimate tool in the HR manual, somethings NEVER change, no matter how you can spin a training seminar out of it.
It is debated that an Irishman discovered Antarctica.How many people knew that.
https://en.m.wikipedia.org/wiki/Edward_Bransfield
It’s a disgrace that Tom Crean doesn’t get the recognition in Ireland today that he deserves. A true Irish hero.
The media is too busy hero-worshippng some guy in a dress.
True Jon, Crean was a true Irishman and a real adventurer.
Leave the pope out of this.
A wonderful story never tire of hearing about these amazing men… And he had an Irish man in his crew..!
A great story. Another great is the story of George De Long and his attempt in 1879 to reach the north pole in the USS Jeanette. He had two Irish on board, Cole and Collins. That story is brilliantly told in a book called In the Kingdom of Ice. Like Shackleton’s crew, they were hardy men.
He had two Irish men in his crew. Tim Mccarthy from West Cork was the other one. He rarely gets a mention even though he was one of the six who made the 800 mile open boat journey to South Georgia. That’s considered one of the most remarkable parts of one of the most remarkable survival stories of all time, and three if the six crew were Irish.
Ernest Shackleton came from Kildare. So I read. Wonderful clear video footage of them trying to free the ship endurance from the North Atlantic Ice. Tom Crean unforgotten Kerry Man.
It’s very sad they’re mostly forgotten about. Brave men, the real spirit of adventure. They don’t make them like those guys anymore.
Enda Kenny is our Shakelton, fearlessly pulling Ireland out of the worst recession in decades despite attempts within the ranks to topple him. Actually, he’s not, I’m just winding you up.
Give it a rest, you bore.
“After thier ship sank in november 2015″ try proof reading before ye post
And Roald Amundsen reaching the south pole in 2011
‘Chilean steamer Yelcho returns to Elephant Island to pick up Shackleton’s remaining crew – in August 2016′
So 2011 when the south pole was reached by Amudsen, 4 years before Shackleton’s boat sank in November of this year? I believe Shackleton was a stickler for the fine details…I am not sure you would have made his crew Darragh.
@Fergal
If he were born in England and moved to Ireland at the age of 10, we’d still call him Irish.
Elephant Island is an island, not a rocky outcrop. https://en.wikipedia.org/wiki/Elephant_Island
Some relation of his was a suspect in the robbing of the Dublin Crown Jewels , that would make him irish ,do you think
Was Shackelton irish ?
Born in kildare lived there until he was ten his father was english and his mother anglo irish
He was about as Irish as tuppence
The quote of Bertolt Brecht springs to mind; ‘Unhappy the land that needs a hero’
There’s more of it, Philip Dolan. You don’t have to be Roman Catholic, barefoot and living off spuds to be Irish. Just because the huge majority used to be Catholic Irish, it does not negate the Irishness of those who weren’t.
Brecht was wrong
He was born in IRELAND. IRISH ALL THE WAY IN CO. KILDARE.
According to the English….. .Shakleton was one of thiers! They try to claim everyone while the are winning or suceeding!!
Just watched the Documentary about this on YouTube. Excellent!
Yeah it’s very good.
have your say