New snap poll by the Institute of Directors (IoD) in Ireland has found that 88% of business leaders say the impact of COVID-19 has accelerated the digital transformation of their organisation in a significant or marginal way, while 38% of business leaders say the majority of their staff will be working remotely by the end of 2020.
Yesterday, Thursday, 30th July, IoD Ireland hosted a webinar with guest speaker Professor Alan Ahearne, Economic Advisor to An Taoiseach, Director of the Whitaker Institute, and Professor of Economics at NUI Galway, as part of our Lunch Bites @ the IoD series.
There is little positivity among business leaders in Ireland regarding the impact of Brexit on the Irish economy, with 91% believing it will be negative in the short-term and 59% believing it will be negative in the long-term. Furthermore, as the EU-UK negotiations intensify, 64% of business leaders don’t think an EU-UK trade deal will be reached before the end of the transition period in December of this year.
Passage of Bill to resolve ‘Catch-22’ situation on AGMs welcomed by Institute of Directors in Ireland
The Institute of Directors (IoD) in Ireland has today welcomed the passage of the Companies (Miscellaneous Provisions) (Covid-19) Bill 2020 addressing the many issues facing companies trying to comply with, in particular, the Company Law requirement to hold AGMs during the current crisis, as detailed in Section 6 of the Bill. IoD Ireland had called on the previous Government to take action on the AGM issue due to the impact of COVID-19 health and safety restrictions.
Cash flow issues, incurring debt, and the impact of COVID-19 on their organisations’ ‘bottom line’ for 2020 are among the chief concerns of business leaders in advance findings of the latest Director Sentiment Monitor for Q2 2020 to be published next week by the Institute of Directors (IoD) in Ireland.