The Irish Stock Exchange Limited (“the Company”) is an Irish private company limited by guarantee. This legal structure was adopted in 1995 by the then founding member firms of the ISE who formed the guarantors of the Company. The guarantee of each member is limited to €1.27. More information about the ISE's corporate structure is available here.
The Company has two subsidiaries:
- an 80% subsidiary - the European Wholesale Securities Market Limited (EWSM Ltd) - which operates the European Wholesale Securities Market (EWSM). The Malta Stock Exchange is a 20% shareholder in EWSM Ltd.
- a 100% subsidiary, ISE Services Limited, which operates under the trading name ISE Listing Services.
The Company has a Board of 11 directors (ten non-executive directors and one executive director). Six of the non-executive directors are elected directors, being partners or directors in stockbroker member firms. In addition, there are four other non-executive directors who represent wider market interests and are not employees or persons associated with member firms of the ISE. The Chief Executive of the ISE also sits on the main Board. More information about the ISE's Board is available here.
The appointment of all directors is subject to prior approval of the Central Bank of Ireland, www.centralbank.ie.
The Board Committees which are concerned with the governance of the Company are:
- the Audit Committee,
- the Senior Appointments and Remuneration Committee, and
- the Investment Committee.
More information about the ISE's Board Committees is available here.
The ISE also has a number of regulatory committees related to its regulatory functions please click here for more information.