Code of Practice
ESB adheres to the Code of Practice for the Governance of State Bodies dated May 2009 and is in the process of implementing adherence to the revised Code as issued in August 2016. We are required to adopt this Code of Practice in the conduct of our operations, and to confirm to the relevant Minister when this has been done.
The Code of Practice makes provision for all aspects of the Corporate Governance Framework, including:
- Codes of conduct for directors and employees
- The internal audit function
- Disposal of assets and access to assets by third parties
- Establishment of subsidiaries and acquisitions by state bodies
- Investment appraisal
- Remuneration and directors’ fees
- Reporting arrangements
- Strategic and corporate planning
- Tax compliance
ESB Code of Ethics
At ESB, all our board members and staff adhere to a code of ethics which outlines our approach to responsible business behaviour.
The main premise of our codes is that everyone will strive to perform their duties in accordance with the highest standards of integrity, loyalty, fairness and confidentiality and that we will abide by all legal and regulatory requirements.
- To read our ESB Staff Code of Ethics, Click here.
- To read our ESB Board Code of Ethics, Click here.
ESB and Protected Disclosure Act 2014
On July 15, 2014, the Protected Disclosures Act 2014 came into effect. The Act aims to provide a comprehensive suite of employment and immunity protections to whistleblowers regarding possible wrongdoing in their workplace.
In accordance with Section 22 of the Act, ESB confirms that in the year ending June 30, 2015, one protected disclosure was made to ESB and the matter reported is currently under investigation. As of Decemeber 31, 2015, ESB publishes its report under Section 22 of the Act in its Annual Report for the applicable year.