Governance
Governance
Structure
The IBCB Board is comprised of fourteen Directors in total, with the majority being non-bank. In addition to the Chair and CEO, there are seven non-bank Directors drawn from across Irish society. Three Directors represent the interests of Consumers, two others represent other bank customers – most notably SMEs and Farmers. There is a Director drawn from the Financial Services Union, acting as a voice for staff and a Director who is a leading academic with expertise in corporate governance and culture. In addition to these seven Directors, each of the founding member banks of the IBCB are represented on the Board by Senior Executives from each respective institution, all of whom report to the CEO. This senior representation ensures that the IBCB has direct access at the highest level in our member banks. The diverse representation on the Board ensures diversity of thought and perspective. During the reporting period, there were some changes to the Directors on our Board. Gareth Murphy, who had held the position of interim General Secretary with the Financial Services Union (FSU), stepped down from the IBCB Board upon the appointment of the permanent FSU General Secretary, John O’Connell. John O’Connell was appointed to the IBCB Board in July 2020. In addition, upon his retirement from Bank of Ireland, Vincent Mulvey (former Bank of Ireland Chief Risk Officer) stepped down from the IBCB Board and was replaced by his colleague Myles O’Grady (current Bank of Ireland Chief Financial Officer) in April 2021. Both Gareth and Vincent were Directors on the Board since the inception of the IBCB. The Chairman and fellow Directors on the Board would like to formally thank them for their contributions to the Board and various working groups established by the IBCB which they were involved in. Full details for all Directors are set out below.
In line with good Corporate Governance practice, the Board are supported in the execution of their duties by a Board Audit Committee and a Remuneration Committee.
Throughout 2020, primarily in response to the prevailing Covid-19 pandemic, the Board held an increased number of Board meetings, both scheduled and out of course, up from 6 scheduled meetings to 13 meetings in total.
Following the conclusion of the Board’s first full year in operation, an independent effectiveness evaluation was conducted to assess Board cohesion, clarity and overall performance. The evaluation was performed by external consultants, Change Associates and included a range of assessment measures, such as self-assessment surveys and 1:1 meetings with the evaluator.
The Board has dedicated time throughout the year to dealing with and addressing the findings arising from the evaluation.
Topical updates and relevant Company Law matters are covered by the Board’s Company Secretary. Given the diverse nature of the Board, with some members drawn from the banking industry, and the majority coming from outside, education on relevant topics relating to the overall banking sector is an ongoing area of focus. Over the last year, speakers at our Board meetings have included Credit Review, Competition Law Guidance from A&L Goodbody, Insolvency Service of Ireland and the Central Bank of Ireland. Going forward, in addition to training, the Board intend to invite other stakeholder representatives to speak at Board meetings, to ensure a wide range of views on the sector are sought and listened to.
Board members
Mr. Justice John Hedigan
JOIN DATE MAY 2019
Chairman of the Irish Banking Culture Board (IBCB), member of the Remuneration Committee
John Hedigan was born in Dublin. He attended Belvedere College, Trinity College Dublin and Kings Inns. In Trinity, with other students, he re-founded the college branch of Amnesty International. He sat on the National Executive of Amnesty chaired then by Sean McBride SC and in company with Mary Robinson. In the later 1970s he was National Coordinator of Amnesty’s Campaign against Torture.
John was called to the bar in 1976 and had a wide-ranging practice as a barrister. He became a Senior Counsel in 1990. In 1998 he was elected a Judge of the European Court of Human Rights. He served on that court until 2007 when he was appointed a Judge of The High Court and returned to Ireland. On the High Court he worked in Judicial Review, presided over the jury list and finally worked on the Commercial Court. In 2016 he was appointed to The Court of Appeal where he sat on both the civil and the criminal side. He retired from the bench in October 2018 having reached the compulsory retirement age. Mr. Justice Hedigan is an honorary bencher of Kings Inns, is Judge in residence in DCU and is a member of the Judicial Council of the International Association of Law Schools. He is Chair of the National Archives Advisory Council. He was appointed as Chair of The Irish Banking Culture Board in January 2019.
Marion Kelly
JOIN DATE MAY 2019
CEO of Irish Banking Culture Board (IBCB)
Marion was appointed as CEO of the Irish Backing Culture Board (IBCB) in March 2020, having previously been Acting CEO since April 2019. Marion initially joined the IBCB in August 2018 on secondment from Bank of Ireland (BOI) as Programme Director leading the establishment of the IBCB.
Marion joined BOI in 2006 and held a range of senior leadership roles across BOI in Regulatory Compliance, Operational Risk, Internal Audit and Recovery and Resolution planning.
Prior to joining BOI, Marion worked with PwC Dublin for 7 years within the FS Regulatory advisory practice, and prior to that spent 4 years working in Brussels with both the European Savings Banks Group and the European Commission.
Marion qualified as a Certified Bank Director with IOB in 2018, she holds a Masters in European Economic and Public Affairs and a BA in Economics and German both from UCD.
Marion completed the IOB Professional Diploma in Leading Cultural Change and Ethical Behaviour in Financial Services in February 2020 and a Diploma in Leading Sustainable Corporations with the Oxford Said Business School in July 2021.
Angela Black
JOIN DATE MAY 2019
Former Chief Executive, Citizens Information Board
Angela Black, who was Chief Executive of Citizens Information Board from 2014 to 2021, now retired, has been involved in the provision of information, money advice and advocacy through citizensinformation.ie, and funding a network, including CIS and MABS, across more than 200 locations in Ireland.
Over her career, she has been engaged in customer service through her roles in public libraries, library administration and consumer financial services in the Department of Finance and European Commission. She represented Ireland’s EU negotiations on e-money, consumer credit, insurance and financial markets legal instruments. Her librarianship, ICT and banking risk qualifications have been put into practice in several senior public service roles. This included European Commission work in Brussels from 2007-2011 on distance marketing, bank fees, switching, quality of investment advice and credit/APRC issues. She also chaired European Parliament negotiations, reaching agreement on the Mortgage Credit Directive during Ireland’s last EU Presidency.
Professor Blanaid Clarke
JOIN DATE MAY 2019
BCL, MBS (Banking & Finance), BL, PhD, FTCD Deputy Chair of IBCB and Chair of Audit Committee
Blanaid holds the McCann FitzGerald Chair in Corporate Law at Trinity College Dublin. Her research interests include corporate law, ethics, corporate governance, financial services law and takeover law and she has published extensively in these areas.
Blanaid is the Irish representative on the OECD Corporate Governance Committee. She is a member of ESMA’s Takeover Bids Network. She also serves as a Vice President of the Academic Board of the European Banking Institute in Frankfurt. Blanaid works with the Irish Takeover Panel and was a member of the Irish Central Bank Commission (2010-2018). Previously, she was also a member of ESMA’s Securities and Markets Stakeholder Group ( (2018-2020), the European Commission’s Informal Expert Group on Company Law (2014-2018) and Reflection Group on the Future of EU Company Law (2010-2011).
Jane Howard
JOIN DATE MAY 2019
CEO, Ulster Bank
Jane joined Ulster Bank Ireland DAC as CEO on 3rd September 2018. In addition to her role as CEO, Jane is a founding member of the Irish Banking Culture Board and former President of IOB for 2020.
Jane Howard has more than 40 years’ experience in the financial services industry across a wide range of functions, having served in personal banking, commercial banking, risk management and operations. Jane has operated at Executive level for more than 15 years and in her previous role, she led the NatWest Group’s Personal Bank through a period of significant and successful change and expansion.
Jane is a Certified Bank Director from IOB, holds a degree in Banking and diplomas in Compliance and Culture and Ethics.
*Jane Howard has since resigned from the Board (July 2021)
Padraic Kissane
JOIN DATE MAY 2019
Padraic Kissane Financial Services
Padraic has over 30 years’ experience in the Financial Services Industry with extensive knowledge and experience in all areas of Financial Services. A member of ‘Brokers Ireland’, Padraic Kissane Financial Services is regulated by the Central Bank of Ireland.
Padraic is one of the foremost experts on Tracker Matters in Ireland and has been heavily involved in what has become known as ‘The Tracker Debacle’. He was the first to recognise the enormity of the problem through his investigation work on behalf of customers. Padraic has worked tirelessly to get the matter properly investigated. Padraic has appeared on many media forums as well as having made presentations to the Oireachtas Finance Committee on a number of occasions in relation to the Tracker Investigation.
Ger Mitchell
JOIN DATE MAY 2019
CHRO and Director of Corporate Development Permanent TSB, Chair of Remuneration Committee
Ger is an experienced Commercial Leader who has held a number of senior Commercial and Customer roles prior to his appointment as HR Director in 2017.
In 2020, Ger’s role was expanded to include ‘Corporate Development’ which brings the strategic disciplines of; Customer Marketing, Brand, Corporate Affairs, Sustainability and Communications together with Talent Development, Employee Experience and Culture Evolution. The newly created HR and Corporate Development Function leads the embedding of the Bank’s purpose; to build trust by making a difference in the lives of customers, colleagues and communities, every day. The function has mobilised four current strategic programmes of work through which key initiatives are managed and delivered, they are; Brand, Culture and Reputation; Customer Strategy and Experience; Enterprise Transformation; and, Citizenship and Sustainability.
Lavinia Morris
JOIN DATE SEPTEMBER 2019
Chief Operations Officer, KBC Bank Ireland
Lavinia was appointed Chief Operations Officer at KBC Bank Ireland in September 2019. Prior to this, Lavinia acted as Senior Vice President of Information and Technology at SMBC Aviation Capital, one of the world’s largest aircraft leasing companies.
Before joining SMBC in 2014, Lavinia held various senior Technology and Operations positions in Friends First Group, Fujitsu Consulting and AIB. Lavinia is actively involved in the technology industry in Ireland, serving as a member for the Technology Ireland ICT SkillNet Innovation Forum Expert Group, Committee Member of the NSAI Blockchain International Standards Committee as well as Blockchain Ireland, and former Chair of the Cloud Computing Working Group of the Irish Internet Association.
Robert Mulhall
JOIN DATE MAY 2019
Managing Director, AIB UK
Robert’s career in AIB has spanned almost 27 years, covering a variety of roles up to senior executive management level in areas including retail banking, wealth management, investment banking, commercial banking and corporate banking across multiple geographies.
Robert currently heads AIB’s business in UK and is a member of the Group Executive Committee. Prior to being appointed of Managing Director, AIB UK, Robert was AIB’s Managing Director of Retail and Consumer Banking in the Republic of Ireland.
Coupled with his AIB Career, Robert also held the position of Managing Director, Distribution & Marketing Consulting and Financial Services with Accenture in North America from 2013 to 2015, during which time he brought his industry experience and subject matter expertise to build a growing consulting practice in the fast-moving and innovative areas of Financial Services. Robert holds a BSc degree in Applied Physics, an MA in Finance and is also QFA and CFA qualified.
John O'Connell
JOIN DATE JULY 2020
General Secretary, Financial Services Union
John is the General Secretary of the Financial Services Union with members across Republic of Ireland, Northern Ireland and the UK in the Finance sector. John joined the Financial Services Union in September 2019 having worked in the organisation 20 years previously.
John has extensive senior management practice incorporating areas including Human Resource Management, Industrial Relations and Operations with over 30 years’ experience in Ireland, Europe and the Middle East in the Communication, Finance, Aviation and Health Sectors. A qualified mediator, John also holds a Masters in Management Practice and qualifications in Industrial Relations and Social Studies.
John has a background in delivering change and holds a unique perspective having worked in both representative and managerial roles. He is committed to delivering cultural change in banking on behalf of all stakeholders.
John is a keen follower of all sport and in particular Tipperary hurling and Munster rugby.
Myles O’Grady
JOIN DATE APRIL 2021
Chief Financial Officer, Bank of Ireland
Myles is Group Chief Financial Officer for Bank of Ireland. Myles has 30 years’ experience as a finance professional with over 25 years in financial services. Prior to joining the Group he was chief financial officer at D|Res Properties, an Irish homebuilding and property development company.
Previously, he was group director of finance and investor relations at Allied Irish Bank Group plc and Subsidiaries (AIB), an Irish financial services group, operating predominantly in the RoI and the UK. He is Fellow of the Chartered Association of Certified Accounts, an INSEAD certified board director and member of the Institute of Directors Ireland.
*Myles joined the Board following Vincent Mulvey’s retirement from Bank of Ireland and our Board in March 2021.
Philip O'Leary
JOIN DATE MAY 2019
Solicitor, Chairperson of the Property Services Appeals Board, member of the Audit Committee
Philip is a member of the Law Society of Ireland with experience specialising in Banking and Security and commercial lending and debt advisory.
Philip was appointed by the Minister for Justice and Equality as Chairperson of the Irish Legal Aid Board for five-year term in 2016 and was appointed by the Minister for Justice and Equality as Chairperson of the Property Services Appeals Board for a term of 4-years, from May 2020. Philip has a long standing and consistent commitment to access to justice issues and to principles of fairness from the consumer perspective. Philip’s qualifications include BCL (Hons) University College Cork (UCC) and LLB (Hons) University College Cork (UCC).
Sue O’Neill
JOIN DATE MAY 2019
Council Member of the Small Firms Association (SFA) and Managing Director of Shellcove (AMC)
Sue O’Neill is a Council Member of the Small Firms Association and Managing Director of Shellcove, an Association Management Company (AMC), which she founded in 2004.
The company helps associations that need to stay relevant, grow membership and benefit from innovative technologies to achieve strategic goals. Offering two primary models, Shellcove acts as a headquarters or provides outsourced services which deliver scalability of staff or services. Sue is also a board member of Microfinance Ireland. She holds an MBA from Dublin City University, a Diploma in both Digital Marketing and Print Management and is a graduate of the IMI Business Development Programme.
Martin Stapleton
JOIN DATE MAY 2019
Treasurer, Irish Farmers’ Association (IFA)
Martin Stapleton is a Dairy farmer based in Limerick. Initially involved with Macra from 1997-2001, he joined IFA in 2002. In 2020, he was appointed Association Treasurer of the IFA. Until 2019, he was Chair of IFA’s National Farm Business committee. Martin also sits on both the Advisory Board of the Property Registration Authority and the Advisory Group on Small Business.
The Farm Business committee’s roles included developing IFA’s annual pre-budget submission; developed taxation policy proposals for farm businesses; as well as identified measures necessary to support farm investment. Access to credit and the cost of credit are also relevant issues that were dealt with by liaising with the banking sector on behalf of the Association. During his term as Chair, Martin had further developed the IFA’s Debt Support Team, a service for members who have Non-Performing Loans or who are encountering serious credit difficulties.
Dr. Martin McAleese
JOIN DATE MAY 2019
Patron of the Irish Banking Culture Board
Dr Martin McAleese holds an honours B.Sc. degree in physics from the Queen’s University of Belfast and B.A., M.A. and B.Dent.Sc. degrees from Trinity College Dublin.
He worked for many years as financial controller and company secretary with a number of Aer Lingus subsidiary companies before qualifying as a dentist and becoming a partner in a large dental practice in Northern Ireland. He is a former independent member of Seanad Eireann. Martin is currently Chancellor and Chair of the Governing Authority of Dublin City University, Chair of the PwC Ireland Public Interest Body, a trustee of the Edwards MacLiammoir Gate Theatre Trust and joint Patron of the 30% Club with his wife Professor Mary McAleese, former President of Ireland.
