The Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D., today (Tuesday) has announced that Ian Drennan has been appointed as the Director of Corporate Enforcement.
Mr Drennan takes up the position on 29 August 2012 and will replace Paul Appleby who held the post of Director since the establishment of the Office of the Director of Corporate Enforcement in 2001.
Minister Bruton welcomed the appointment of Mr Drennan to the post.
“Having held the position of Chief Executive Officer of the Irish Auditing & Accounting Supervisory Authority for the past eight years, and having led both the establishment and development of that organisation over that period, Mr Drennan brings with him a wealth of experience in the areas of advocacy, regulation and enforcement to the role. I wish him every success in the challenging task ahead.”
Minister Bruton also thanked the outgoing Director for his contribution over the past eleven years.
“I would like to thank Paul Appleby for his service in the role of Director of Corporate Enforcement. As the first Director, he has contributed significantly to shaping that role and to establishing the compliance and enforcement regime for company law that exists today.”
Notes for Editors
In its Annual Report for 2011, issued on the 1st June 2012, the ODCE outlined actions taken in its investigation into events at the former Anglo Irish Bank.
During 2011, the ODCE sent five extensive Anglo investigation files to the Director of Public Prosecutions.
In the first quarter of 2012, another three large investigation files were sent to the DPP.
The Director of Corporate Enforcement regards the investigative phase of the Office’s Anglo Irish Bank investigations as almost complete. While there are some important residual matters on which work is on-going, the ODCE expects to complete work on these in the near future. Every consideration will also be given by the ODCE to fulfilling any future DPP requests which may be made for additional evidential materials.
It is entirely a matter for the DPP to determine if, and to what extent, any of the extensive investigation files which she has received from the ODCE and the Garda Bureau of Fraud Investigation warrant prosecution.
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