Management services are provided to management companies and self managed investment companies to enable entities comply with the Management Company Directive as adopted by the Irish Financial Services Regulatory Authority.

Effectively IFSRA require either the management company or the investment company to have two employees of sufficient repute and calibre to conduct the affairs of the company or for the Board of the company to adopt an ‘executive style’ approach. This approach involves formalizing certain functions of the Board including the appointment of a Chairman, ensuring an adequate frequency of meetings and the allocation of certain key managerial functions to specific directors.

For self managed investment companies, IFSRA have identified the following management functions for which specific directors must accept responsibility in accordance with good corporate governance principles

This is an evolving and complex area. FGS, together with selected specialists, can provide tailored services to bridge the gap from the existing practices to the new and onerous standards requiring significant involvement by Directors. This service is tailored specifically for each individual director in order that he or she may reduce the regulatory risk associated with these new obligations.