Board members warn legal battles could undermine ‘financial stability’ of Horse Sport Ireland
The organisation had been “dragged into legal conflicts and internal unrest – much of which I believe to have been avoidable and unnecessary, and which has come at enormous financial cost to the company and the sector”, she said.
In her resignation letter, Ms Creighton said she believed the ongoing conflicts and disputes had “undermined the financial stability of the organisation”. The board members were concerned about HSI’s deteriorating relationship with affiliate organisations, such as Showjumping Ireland, Dressage Ireland and the Irish Horse Board, she said.
In a November 11th letter to the Minister, Ms Hughes said she and other directors had “made repeated requests for transparent information and financial figures” from HSI, which she said “received little response”. Mr Reynolds said “deep divisions” had arisen on the board in recent months, adding it “has not been possible to build a bridge between the differing parties”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
John FitzGerald: A united Ireland would come at a heavy financial costOptimism bias seriously clouds the judgment of some supporters of unification who imagine that Britain would somehow pick up the tab via IrishTimesBiz
Read more »
HealthBeacon appoints Lar Malone as interim chief financial officerHealthBeacon appoints Lar Malone as interim chief financial officer via IrishTimesBiz
Read more »
What I Spend on Christmas: The 32-year-old beautician earning €30k who’s spending €500 on a trip away with her mumThe average Irish family spends €2,700 over the festive season, but what about the savers and splurgers? In our financial series, we speak to a beautician about her financial plans this Christmas
Read more »
‘Rapid digitisation’ of banking causing issues for vulnerable customersOlder people, Travellers and migrants face 'disproportionate' barriers to financial services, adult literacy agency says via IrishTimesBiz
Read more »