Nearly 1 in 8 business leaders believes all staff will be back in their companies’ office/workspace after COVID-19 lockdown
The Chief Executive of IoD Ireland, Maura Quinn, has said “The future of workplaces is being reconfigured,” as a new IoD snap poll found that nearly 1 in 8 (12%) business leaders believes all staff will be back in their companies’ office/workspace once the COVID-19 lockdown is lifted, with 31% either planning to downsize their office space or having it under consideration. In addition, nearly 30% of respondents assessed their current office space/working environment as NOT conducive to implementing Government-approved social distancing measures. Maura Quinn also called on the Government to ensure continued business support measures are being put in place which, in turn, will help kick-start the economy.
The Institute of Directors (IoD) in Ireland has today urged the Government to urgently address the many issues facing companies faced with the requirement to hold AGMs during the current crisis. These issues range from the challenges facing companies in holding physical AGMs whilst still complying with Government Health and Safety restrictions, the ability to hold virtual AGMs, and the need and importance to ensure shareholder involvement in these meetings.
As Ireland’s leading membership body for over 3,000 directors and business leaders, we take members’ feedback and views very seriously. IoD Ireland commissioned research agency Behaviour and Attitudes (B&A) to carry out in-depth membership sentiment research, which took place between 10-24 February 2020. Today we release the key findings.
The latest Director Sentiment Monitor survey by Institute of Directors (IoD) in Ireland has found that there has been a 53% reduction, on average, in business leaders envisaging opportunities for growth this year across all markets, domestic and overseas, from Q4 2019 to the end of Q1 2020. The survey research also finds that only 3% of directors are ‘more optimistic’ in respect of the Irish economy in Q1 2020 by comparison to 30% in Q4 2019 and that 83% of business leaders rate as ‘significant’ the potential impact of COVID-19 on their organisation’s bottom line for the year 2020.
The Institute of Directors (IoD) in Ireland has called upon the Department for Business, Enterprise, and Innovation and the Office of the Director of Corporate Enforcement (ODCE) to recognise the difficulties which many businesses and directors are facing during the COVID-19 crisis when trying to comply with the Company Law requirements regarding the holding of AGMs.