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Annual Report
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“
Bord Gáis Energy is delighted to be
associated with the Dublin Chamber.
Both organisations are committed to
meeting the needs of business of all sizes
and continuing to expand the number of
”
businesses they serve in 2010.
David Bunworth
Managing Director Bord Gáis Energy
Contents
President’s Address 2
Council Listing 6
Our Sponsors 13
Accounts 14
Staff Listing 16
1
Little did I think when I set upon my
presidential journey back in 2005 that
our economy was to suffer a stunning
reversal of fortune in my year as
President of the Chamber.
The return of emigration, serious unemployment, 3. We successfully campaigned for a yes vote for
deflation and asset declines was certainly not the second Lisbon referendum; and,
expected. The greatest pain of this adjustment has
been shouldered by those who have lost their jobs, 4. On foot of the recommendations outlined in
their business and sometimes their pensions and our 2010 Budget submission:
their home equity.
Excise duty on beer, cider, spirits and wine was
reduced;
This is the new business environment and
companies have sought to adapt swiftly by cutting
Public sector wages were reduced, and a new
costs, managing cash and restructuring their
pension scheme for all new public servants was
business. The good news is that, as businesses
introduced;
become leaner, fitter and smarter, our economy is
becoming more competitive and better prepared
Government reconfirmed its commitment to
for a positive future.
public transport projects (Metro North and the
Dart Underground); and
The Chamber has sought to help you and your
business by providing more opportunities to
The Government signalled the broadening
develop your business, and by firmly putting
of the tax base of local government beyond
the business agenda to Government. We called
business rates, while not increasing personal or
on Government to recognise the damage being
corporate tax rates.
done to business across the country and to bring
forward initiatives which would both protect
Overall, the Chamber was please to note the
jobs and stimulate confidence. We highlighted
balance of spending cuts and tax increases in
that the global financial markets would punish
Budget 2010, and the continuing message that
us if Government did not right size and reform
Government will balance its books by 2014.
our public sector and set out a clear pathway
towards fiscal responsibility. We also called on
At a national level, our Budget submission called
Government to be entrepreneurial and deliver the
for a Bord Snip for Local Government to identify
smart economy and the much needed transport
and cut waste and duplication. Government will
infrastructure our capital needs.
now report on the efficiencies of Local Authorities
by mid 2010.
Dublin Chamber successfully lobbied on your
behalf in 2009:
At a local level, we have run an aggressive
campaign directed at Dublin T.D.’s, Councillors
1. We sought and gained from Government
and local officials to cut commercial rates. This
departments a commitment to pay all their bills
campaign has been successful across the four local
to suppliers within 15 days of their invoicing;
authorities in Dublin to varying degrees - Dublin
City Council and Dun Laoghaire Rathdown County
2. The proposal for a 24/7 bus gate at College
Council reduced their rate by 2%, Fingal County
Green was abandoned in favour of public
Council reduced their total rates income by 10.5%
transport priority access during morning and
and South Dublin County Council reduced their
evening peak times, Monday to Friday;
rate by 2.9%.
2
Dublin Chamber of Commerce
Annual Report 2009
I would like to thank you for your excellent contributions over Denis O’Brien, Chairman of Digicel Group; Denis O’ Callaghan, General
the year, whether it was in responding to the online surveys Manager for Retail Banking East, AIB Bank; Gina Quin, Dublin Chamber Chief
Executive; PJ Timmins; and Minister for Finance, Brian Lenihan TD.
or attending the Chamber’s growing number of networking
events. It is because of you that the Dublin Chamber is the An Taoiseach, Brian Cowen TD; PJ Timmins, Dublin Chamber President; and
premier networking organisation in the city and the powerful Robert Gallagher, Chief Executive, Ulster Bank Corporate Markets.
voice of Dublin business. Thank you sincerely for your
continued participation and support. Minister for Foreign Affairs, Micheál Martin TD, PJ Timmins and Minister of
State at the Department of Enterprise, Trade and Employment, Billy Kelleher
TD.
Warmest Regards,
PJ Timmins and Michael Cheika, Coach of the Leinster Rugby Team
PJ Timmins
President
3
Chief Executive’s Address
The business environment throughout 2009 marketing reach throughout the year using Twitter,
has been extremely challenging for every size of where we now have over 500 followers. In the
business in every sector of the economy. For its New Year, a new ‘member only’ online service
part, Dublin Chamber has significantly ramped will be launched as part of our continuing online
up the volume of services we run for you - strategy.
our members – to help you respond to these
challenging times. With a great team here at the People do business with people they know and
Chamber and the help of our sponsors throughout trust, or are recommended by those they know
the year, we have continued to improve our events, and trust. I would encourage each one of you to
deliver more business information and strengthen take advantage of the range of networking events
our position as the ‘voice of Dublin’ business. and facilities the Chamber offers. Go to events
or go online; make contact with potential clients;
Attendance at Chamber functions was at record exchange your contact information with other
levels in 2009, with 10,000 attendees at the 100 business people and get some valuable business for
Chamber events held, which included Business your company.
After Hours, Breakfast Briefings, Speed Networking
Lunches, the Business Owners Network, the Lunch Ireland’s recovery will be driven by its ability to sell
and Dinner in Camera series, policy taskforce goods and services for export, so the Chamber’s
meetings, ‘Network and Getwork’ and ‘Enterprise International and Export Services departments
Europe Network’ meetings, the Hong Kong Forum have been busy during 2009 facilitating business
and Ireland India Business Association events. exchanges and helping to build international
Members got to hear from a range of prominent networks. Members are increasingly using both
political and business speakers at our feature the ‘Network and Getwork’ and the ‘Enterprise
events - Taoiseach Brian Cowen, Minister Brian Europe Network’ programmes to develop business
Lenihan, Denis O’Brien and John Pearson from relationships and knowledge across the island of
Virgin Radio. The Chamber also ran regular free Ireland and internationally. The ‘meet the buyer’
courses throughout the year on how to improve events in ‘Network and Getwork’ have been
your networking skills, so you could make the most particular successful for businesses selling or buying
of the opportunities our events programme offered on an all Island basis.
for personal and business development.
Responding to the challenging environment in
A key addition to the Chamber’s offering this which businesses are operating, the Chamber
year has been the development of online business has focused on communicating to Central and
networking. Using LinkedIn, the Chamber Local Government the critical need to reduce
harnessed the powerful tool of digital technology business costs and to address SME access to bank
to help members develop their contacts and lending. In addition to feeding into the work of
businesses. Over 650 of you have joined our the Credit Supply Clearing Group and undertaking
LinkedIn Group and are constantly active on the a campaign at local and national level to get
site. In addition to providing greater business commercial rates reduced, the Chamber continued
details, members are sharing expertise, insight and to lobby for improvements to the Dublin City
access to their wider contact network enabling Region’s infrastructure stock and public transport
you to have an edge over your competitors. The network. The opening of the Samuel Beckett
Chamber also extended its communications and Bridge and the Luas Docklands line this year, and
4
Dublin Chamber of Commerce
Annual Report 2009
Gina Quin
Chief Executive
5
Council Listing 2009
6
Dublin Chamber of Commerce
Annual Report 2009
7
Competitive Economy: Taskforce Report
This taskforce sought to improve not only Dublin’s Managing cash-flow became even tougher for
competitive position internationally, but to reduce some members during this year. In particular, the
barriers to business and promote a profitable Chamber successfully campaigned the Government
environment for enterprise. to introduce new rules to expedite due payments
of creditors within 15 days. The Chamber has also
Throughout 2009, the Chamber sought the views been championing the Credit Supply Clearing
of its members and found three core issues which Group and NAMA to quickly inject liquidity back
member companies wanted addressed were - into the banking institutions, so that credit can
• Reducing Costs; start flowing out to the businesses.
• Managing Cash-flow; and
• Stimulating Confidence. The need for Government to stimulate confidence
in consumers and businesses was strongly reflected
It was under these headings that the taskforce’s in the Chamber’s Pre-Budget 2010 Submission. The
work was prioritised for 2009. Chamber welcomed the announcement in Budget
2010 that its recommendation to reduce the
Reducing costs become standard practice in the incentives for cross-border shopping and to save
private sector and was the most important issue for jobs through a reduction in excise duty on alcohol
Chamber members. Despite this, many costs under towards UK levels. In addition, guarantees were
Government control remained stubbornly high. The made not only in the Budget but by all parties to
Competitive Economy Taskforce worked to address protect Ireland’s current corporate tax rate.
these.
We urge that this reform continues and results in a
Advocacy campaigns focused on reducing costs strong voice for Dublin – particularly in the creation
ranged from energy costs to local commercial rates. of a directly elected Mayor for Dublin that we’ve
As a result of our rates campaign, the Chamber championed for since 2000.
was able to shift the political dialogue from ‘a
rates freeze’ to ‘a reduction in rates’, resulting in I wish to thank each of you who took time to
a reduction across all four Dublin local authorities. point us in the right direction. In particular, I
In addition, the Chamber achieved a long-term wish to thank the taskforce members for their
success with the Commission on Taxation including contribution to improving the strength and
annual property tax and domestic water charges impact of the Chamber’s voice - Martin Murphy,
amongst its proposals. HP Ireland; Regina Moran, Fujitsu Ireland; Greg
Clarke, Digicom; Colm McDonnell, Deloitte; Tom
Colm McCarthy’s review of spending was a McAleese, Covestone Asset Management; Niall
necessary first step in achieving more efficient Geoghegan, Pembroke Hospitality; and other
central Government. However, the Chamber felt volunteers through out the year.
that his group had missed the opportunity to
review the efficiency and effectiveness of the €5 The Chamber’s business voice has been heard –
billion spent on local government across Ireland. our leaders recognise the growing importance of
Following on from our Pre-Budget Submission, Dublin business. The battle must go on.
the Minister for Finance announced that such an
efficiency review would be undertaken in 2010. Declan Lawler
Chairperson
8
Dublin Chamber of Commerce
Annual Report 2009
As part of its examination, the taskforce reviewed The Code of Governance outlines the:
the governance of other chambers (both in • Roles and Responsibilities of Council;
Ireland and internationally), structures of other
membership organisations, and best practice • Role and Responsibility of Council members;
guidelines for Governance.
• Operating Guidelines for the Council;
Following numerous considered consultations
with Council - the membership’s directly elected • Roles and Responsibilities of Honorary Officers,
representatives - over the last quarter of 2009, the Chief Executive Officer and the Company
the final Code of Governance was adopted by Secretary;
the Council of the Dublin Chamber of Commerce
at its meeting on 19 January 2010. The Code of
Governance, which is available to members of the • Terms of Reference of Council Sub-
Chamber, is intended to act as a Code of Business Committees, to include the Role of Chairs,
Conduct for the Chamber’s Council and Staff. It procedures at Council Sub-Committees, the
sets out recommended operation guidelines for the Executive Committee, the Audit Committee
Council and Council Sub-Committees, to support and the Remuneration Committee;
the effective running of the Chamber.
• External Representation; and
The Code supplements the Memorandum and
Articles of Association of the Chamber and • The Code outlines the procedure for the
constitutes by-laws for carrying on the Chamber’s election of the Deputy Vice President.
business. They are designed to ensure flexibility
and may be amended in future by the Council of The development of the Code of Governance will
the Chamber to reflect changing organisational provide essential guidance to the operation of the
requirements. They will be reviewed at least Chamber and strongly reflects the input of Council
annually by the Council and a record of changes and members of the Chamber.
and deviations will be made annually in the Annual
Report of the Dublin Chamber. The Governance taskforce comprised of Derry
Gray, BDO Simpson Xavier; Jacqueline Hall, Political
Communications; Liam Kavanagh, Irish Times;
The development of Gina Quin, Dublin Chamber; Margaret Sweeney,
Imelda Reynolds
Chairperson
10
Dublin Chamber of Commerce
Annual Report 2009
The International and Special Projects Department The Dublin Chamber runs the Enterprise Europe
offers members invaluable and unique opportunity Network in partnership with Enterprise Ireland and
to access a global network and to expand and other leading Chambers in Ireland. Established
develop their business by collaborating with by the European Commission, the network aims
International Chambers of Commerce (ICC), World to address the business needs of SMEs. There are
Chambers Federation (WCF), agencies, embassies over 600 local centres in more than 40 countries
and other business organisations worldwide and in the EU Member States and beyond. Our
locally. centre covers the Eastern region of the country
and offers support and advice to businesses and
In 2009, we held meetings and hosted events with helps them maximise the business opportunities
incoming delegations and consular representatives in the countries operating the Network. Services
from Spain, Canada, Zambia, Slovakia, Romania, include business partnering, assistance with
Croatia, Albania, and China to name but a few. internationalisation, information on funding
Such meetings and events offer an ideal forum for opportunities, advice and information on EU
the exchange of ideas and contacts which aim to Legislation and market information/feedback to the
develop long term business relationships. Commission.
As partners in the Ireland Hong Kong Business Business information seminars have included topics
Forum and the Ireland India Business Association, such as employment law, intellectual property, EU
we organised a number of strategic events. Such funding programmes, public procurement and an
associations offer members key opportunities open day, promoting trade across Europe.
to expand their business into high potential and
emerging markets. The Network and Getwork Programme in
collaboration with InterTradeIreland, Northern
The International programme also encompasses Ireland Chamber of Commerce and leading
events which focus on providing members chambers around the country aims to facilitate
with relevant information on specific markets cross border trade development across the whole
worldwide. These events are designed to engage island of Ireland. The programme provides a unique
business, policy makers and decision makers opportunity for businesses to pitch to major buyers
focused on business opportunities. in the North and South of Ireland.
A key event of 2009 was the Embassy Networking The Enterprise Europe Network (EEN) and Network
Evening hosted by the Department of Foreign and Getwork Programme offers companies a
Affairs in conjunction with the Dublin Chamber. chance to quickly find new business partnerships,
Welcomed by the Minister for Foreign Affairs, discover innovative new solutions and engage in
Micheál Martin TD, Irish business leaders were trade.
offered a unique networking opportunity to meet
high level Embassy officials based in Ireland. Finally, on behalf of myself and the wider Chamber
membership I would like to thank the members of
Each year we look at how we can expand and the Taskforce for their time and expertise. I would
improve the services of the Chamber. In 2009, also like to thank the International Department
our Taskforce focused on providing business Team for their commitment during a very busy
opportunities and intelligence to members through year.
the expansion and refinement of the programmes
the Chamber offers. Key programmes include www.een-ireland.ie
the Enterprise Europe Network and Network & Pat Maher www.networkandgetwork.com
Getwork Programme. Chairperson www.iiba.ie
11
Membership: Taskforce Report
In 2009, the Membership Taskforce convened Among the important innovations in 2009,
to determine membership strategy consistent the new Business Owners Network created a
with Dublin Chamber’s overall vision. The group focussed and mutually beneficial platform for
focussed on increasing member engagement, B2B opportunities. This and similar new tailored
adding value to the proposition and growth of the structures will become an intrinsic element of the
customer base . events programme going forward. The utilisation of
our upcoming member engagement CRM platform
In order to remain the top business representative will facilitate greater tracking of member activity
body in the region, the Taskforce recommended levels and subsequent engagement pathways. The
internal process changes and heightened Council highly successful utilisation of digital media by
engagement with the membership. The Taskforce Dublin Chamber members proves that embracing
also proposed clearer callout of the tangible new ways of developing relationships and doing
benefits of membership and the enabling of sub- business will be core to our future engagement
groupings to develop affinity networks. strategies.
Engagement is fundamental to the success of any Following conclusion of the work of the
member-based organisation; engaged members Membership Taskforce, the executive team is
are quantifiably more likely to renew their currently implementing its comprehensive action
membership and refer new members. After an recommendations for the benefit of all members.
extensive benchmarking and consultation process,
a retention strategy was devised by the Taskforce.
This detailed strategy incorporates a dedicated Dublin Chamber of Commerce would like to
customer care focus to really drive engagement on thank the Taskforce members – Derry Gray of BDO
both the networking and advocacy levels. Simpson, Ron Immink of Bookbuzz, Sean Weafer of
Sean Weafer Consulting, Kieran Murphy of Zurich,
Greg Clarke of Digicom and Alec Drew of Baseline.
12
Dublin Chamber of Commerce
Annual Report 2009
13
Accounts 2009
Income
Subscriptions 1,330,052 1,334,718
Export documentation 264,269 285,657
Membership services (net of direct costs) 2 399,529 349,491
1,993,850 1,969,866
Expenditure
Staff costs (net of allocation to membership services) 3 1,146,620 1,104,426
Promotion and public relations 118,147 245,207
Financial and administration expenses 176,726 201,701
Establishment costs 140,943 134,812
Depreciation 124,561 115,040
1,706,997 1,801,186
Accumulated surplus
Surplus in the year 301,539 195,194
At beginning of year 1,098,500 903,306
The surplus on a historical cost basis would be greater for the year to 31 October 2009 by
€37,514 (2008 €37,514) due solely to the charge for depreciation on the revalued amount
included in land and buildings.
The company has no recognised gains or losses other that the result for the year as set out
above.
On behalf of Council
PJ Timmins President
Peter Brennan Vice-President
14
Dublin Chamber of Commerce
Annual Report 2009
Current assets
Debtors 438,663 737,737
Bank and cash – carnet deposits 250,166 311,647
– other 1,231,747 993,511
1,920,576 2,042,895
Current liabilities
Creditors (693,989) (919,125)
3,898,845 3,865,923
Represented by:
Capital reserve 8 1,875,742 1,875,742
On behalf of Council
PJ Timmins President
Peter Brennan Vice-President
15
Dublin Chamber of Commerce Staff Listing
Gina Quin Sandra Farrell Ruth Edwards Michelle Berry Joanne Doran Kay Gibbons
Chief Executive PA to Chief Executive Receptionist/Administration Finance Manager Finance Assistant Credit Controller
Aebhric McGibney Patrick King Catherine McCabe Linda McNulty Sam Bowman Marion Jammet
Director of Policy and Policy and Communications Policy and Communications International and Special Project Facilitator - Network Enterprise Europe Network
Communications Manager Executive Projects Manager & Getwork Programme Executive
Jean Hoey Aideen Ryan Donal Milton Ciara Duncan Marie Walsh
Director of Business Membership Development Membership Development Events Manager Events Executive
Development Manager
16
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