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Corporate governance of ESOT to be reviewed

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  • 22-04-2004 5:05pm
    #1
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭


    http://beecher.ie/pheed/?sxfoqv
    The Irish Times reports that external consultants are set to review the corporate governance of the Eircom Employee Share Ownership Trust (ESOT). One of the issues to be examined will be the dual role of the chairman of the trust, Con Scanlon, who is also Eircom's deputy chairman. The review will be carried out by accountants Farrell Grant Sparks and UK-based lawyers Ashurst.

    Separately, the paper says that a 7 percent stake in Eircom has been returned to the company's original venture capital investors, including Providence Equity Partners and Soros Private Equity. The 52 million shares are subject to a lock-in period of 180 days, prohibiting their sale until October at the earliest.


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    #2
    dahamsta
    Banned (with Prison Access) Posts: 16,659 ✭✭✭✭dahamsta


    http://beecher.ie/pheed/?tojgiu
    The [Irish Times] also reports that Ireland's level of broadband penetration is seriously lagging behind the rest of the European Union, a conference of EU communications ministers in Dundalk heard on Thursday. Read more about the conference as reported by ElectricNews.net.

    The same paper says that Eircom will have to refund a new fee to more than 10,000 customers after it introduced the charge before notifying customers. The fee relates to an administrative charge for the company's so-called charge card service. The amount of the fee was EUR0.50 plus VAT.


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