The Companies Act 2014 Ireland

Key Contact: Ruairí Mulrean Telephone: +353 1 638 5844 Email: rmulrean@lkshields.ie

Welcome to the Companies Act 2014


The Companies Act 2014 came into effect on 1 June 2015. The comprehensive Act is the largest reform of company law the state has seen in half a century and is intended to make running a business in Ireland easier.

This microsite provides an overview and guidance on the main parts of the Act and what you need to do to prepare. The information will be updated regularly so please subscribe to our alerts and follow us on twitter so that we can keep you informed.


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Compliance Statements: What Directors Need to Know

The Companies Act 2014 introduced a requirement on directors of certain types of Irish company to include an annual compliance statement (Compliance Statement) in the directors’ report accompanying the company's financial statements.


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Directors’ Compliance Statements: A practical guide for directors

The Companies Act 2014 (“Act”) introduces a requirement on directors of the following types of Irish company to include an annual compliance statement (“Compliance Statement”) in the directors’ report accompanying the company's financial statements:


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Companies Act 2014 – Changes regarding the disclosure of Directors’ residential addresses

Under the Companies Act 2014, an officer of a company can apply to have his/her residential address exempt from appearing on the register of companies.


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Companies Act 2014: 10 Frequently Asked Questions

The Companies Act 2014 introduces significant reforms to Company Law in Ireland.


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Rotation of Directors

Currently the Articles of Association (Articles) of companies provide for some or all of the directors to retire automatically by rotation at the company's Annual General Meeting (AGM).  In addition the Articles may require, any director who has been appointed by the board to fill a casual vacancy during any given year to retire at the next AGM and stand for re-election.


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Codification of Director’s Duties

The increased focus on corporate governance, and the development of corporate governance regimes generally, has placed an even greater spotlight on directors to ensure that they closely adhere to their duties and obligations.


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Director Compliance Statements

The Companies Act 2014 sees the reintroduction of annual director compliance statements.


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Single Director Companies - The Buck Stops With You

Presently, under the Companies Acts 1963-2013, a company is required to have at least 2 directors at all times.


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Glossary of Director’s Duties

Part 5 of the Companies Act 2014 (the Act) will for the first time, codify in legislation the eight main fiduciary duties of directors in one place.


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Directors’ New Duty - Skilled Secretaries

Presently, under the Companies Acts 1963-2013, only the directors of a public limited company had a duty to ensure the secretary had the necessary skills.


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