Who owns aib bank

Part of Policies Financial Services. Share Email Facebook Twitter. BETA This is a prototype - your feedback will help us to improve it. Help us improve gov. Leave feedback. Describe your experience on Gov. Thank you for your feedback. Feedback wasn't sent. Please try again. Fergal retired in from DCC plc, the Irish headquartered international sales, marketing and business support services group which is a FTSE constituent company, where he began as an Associate Director, later progressing to Chief Financial Officer in , and Executive Director in He is also a board member Focus Ireland and Focus Housing Association — two independent charitable companies.

He has served as a non-executive director of a national credit bureau and two listed financial institutions as well as many of the banking, insurance, reinsurance and asset management subsidiaries of those firms. In addition to AIB, Raj serves as a non-executive director on two other listed financial service companies. Donal has gained significant experience working in domestic and international financial markets over the last twenty five years. They operate within the financial and risk limits set by the Board.

Led by the CEO, the Executive Committee has primary authority and responsibility for the day-to-day operations of, and the development of strategy for the Group. The Executive Committee was constituted on 1 November in succession to the previous Leadership Team. Unless indicated otherwise below, the appointment date of the Executive Committee members was 1 November The Directors have access to the advice and services of the Group Company Secretary who advises the Board on all governance matters.

The Group Company Secretary ensures that Board procedures are followed and that the Group is in compliance with the relevant rules and regulations. The Group Company Secretary also communicates with the shareholders, to ensure due regard is paid to their interests.

Both the appointment and removal of the Group Company Secretary is a matter for the Board as a whole. During his 18 years in AIB, he has driven significant business development in our corporate and retail business, taking up the position of Interim Head of Group Strategy in July She was also a member of the Executive Board of Tesco for 5 years and has a wealth of experience working closely with internal and external stakeholders.

Geraldine has led large teams through culture, process and organisational change. She is a business graduate from University College Cork.

Over the last 16 years, in addition to her legal role, Helen has also held the Company Secretary position and managed the regulatory compliance and HR functions. She has held a number of senior international risk management roles with GE Capital and progressively senior roles in Bank of Ireland primarily in strategy and risk management. He was appointed Head of Financial Solutions Group in with responsibility for developing a strategy to support customers in financial difficulty, which resulted in a significant reduction in NPEs.

She joined AIB in holding a range of leadership roles in debt Capital Markets, most recently leading the international Leveraged Finance business. Mary is a graduate of University College Dublin. The Board of Directors is responsible for the effective management of risks and opportunities and for the system of internal controls in the Group. The Group operates a continuous risk management process which identifies and evaluates the key risks facing the Group and its subsidiaries.

The internal controls are designed to ensure that there is thorough and regular evaluation of risks and the ability of the Group to react to them, rather than to eliminate risk entirely. This is done through a process of identifying, measuring, monitoring and reporting, which provides reasonable, but not absolute, assurance against material misstatement, error, loss or fraud. The process includes an assessment of the effectiveness of internal controls.

Further information can be found in the Annual Financial Report. The Group has a number of procedures in place to allow its shareholders and other stakeholders to stay informed about matters affecting their interests. In addition to the Annual Financial Report , which is only sent to those shareholders who request it, the following communication tools are used by the Group:.

All shareholders of the Company are invited to attend the AGM. Separate resolutions are proposed on each issue and voting is conducted by way of poll. Proxy forms provide the option for shareholders to direct their proxies to withhold their vote. A help desk facility is available to shareholders attending in person. More than branches across Ireland makes us the perfect.

Registered Office: 10 Molesworth Street, Dublin 2. Corporate Governance. Key Roles and Responsibilities The Board is responsible for corporate governance, encompassing leadership, direction and control of the Group. Relationship with the Irish State The Group has received significant support from the Irish State in the context of the financial crisis due to its systemic importance to the Irish financial system. Board Meetings The Chair and the Chairs of each Committee ensure Board and Committee meetings are structured to facilitate open discussion, constructive challenge and debate.

Board Effectiveness and Performance Evaluation The Board conducts an annual evaluation of its effectiveness, and is required to have an external evaluation once every three years. Inflationary tensions heighten as US sees fastest rise in consumer prices since Subscribe Now.

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