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governance shenanigans at the FAI.
Andrew Doyle of Shels has stepped down from the FAI’s finance committee. This follows a PWC partner Sean Brodie who resigned from the audit risk and compliance committee in May. Each joined their respectice committee in October 2019 but neither committee has met since then.
“I’m not entirely sure it is possible to resign from a Committee which does not yet exist, but I do so in any event”,
wrote Doyle.
Personally I’d love a job on a committee that never met, but I guess Brodie and Doyle are professionals
Doyle alleged shortcomings in six areas, accusing the FAI of:
• Unauthorised borrowing
• Failure to convene critical committee
• Failure to provide financial information to financial committee members
• Breach of independent chairman’s duties
• Blocking of nominations’ committee independent majority
• Failure to address formal complaints
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