“Irish companies follow the UK Corporate Governance Code and generally have high levels of compliance. Companies also adopt many of the requirements of UK companies to put forward a "Say on Pay" which is not legally required in the Irish market. While Irish companies continue to record high levels of compliance with the UK Code, there is room from further improvement generally with Board diversity being one area which stands out”
Jonathan Neilan, Managing Director
Country:
Ireland
Average % of insider ownership:
Activism
Threat Level
To learn more about this country, please click on the tabs below
Ireland has seen an increasing number of activist actions since 2015, bringing the total number of campaigns since 2015 to 14. Ranked 2nd in the Eurozone for ease of doing business, Ireland combines a favorable economic environment and a diverse market for investment. Companies listed on the Main Securities Market are required to comply with both the U.K. Corporate Governance Code and the Irish Corporate Governance Annex.
Shareholders reaching, exceeding or falling below a 2%, 5%, and various higher thresholds in voting share ownership must disclose their voting interests to the investee company and the Stock Exchange Commission (CONSOB).
Like the U.K., structural defenses are limited for Irish listed companies.
Top Campaigns by Type
1. Gain Board Representation
2. Removal of CEO or other Board member
3. Takeover Company
Campaigns By Year
Total
Campaigns
Notable Invested Activists
• Starboard Value
• Natlata Partners Limited
• Toscafund Asset Management
Recent activism campaigns
| San Leon Energy plc | VS. |
Toscafund Asset Management |
| Perrigo Company | VS. |
Starboard Value |
| PetroNeft Resources PLC | VS. |
Natlata Partners Limited |
Total Active
Campaigns
Contact FTI Consulting
Capital Markets Research and Activist Engagement
Managing Director
+1 312 861 4721
Geoff.Serednesky@FTIConsulting.com
Managing Director
+353 1 663 3686
Jonathan.Neilan@fticonsulting.com