The Code of Practice for the Governance of State Bodies provides the overarching policy by which all State bodies, including the enterprise agencies under my remit, are governed.
This Code is designed to ensure that both commercial and non-commercial State bodies meet the highest standards of corporate governance. It provides a framework for the application of best practice and is intended to take account of developments in respect of oversight, reporting requirements and the appointment of Board members. The Code is based on the underlying principles of good governance, accountability, transparency, probity and a focus on the sustainable success of an organisation over the longer term.
In line with the high-level principles set out in the Code, State bodies and agencies can agree any formal or informal cooperative arrangements with other parties that are required to ensure their ongoing effectiveness. One example of such an agreement is the Communications and Engagement Protocol on respective client engagement between IDA Ireland and Údarás na Gaeltachta. I am happy to provide the Deputy with a copy of this Protocol for his information.
More broadly, our enterprise agencies work closely with one another on a virtual daily basis on a range of matters. The IDA and Enterprise Ireland, for example, cooperate regularly on trade and investment missions abroad. They also work together closely on property-related matters.