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Decision Memorandum Template for Ireland

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Key Requirements PROMPT example:

Decision Memorandum

"I need a Decision Memorandum for our Irish subsidiary's planned expansion into the German market by March 2025, including analysis of financial implications and risk assessment for board approval."

Document background
The Decision Memorandum is a crucial corporate governance document used in Irish business practice to formally document and communicate significant business decisions. It serves multiple purposes: providing a clear record of decisions for corporate memory, demonstrating compliance with legal and governance requirements, and establishing an audit trail for future reference. This document type is particularly important under Irish corporate law, as it helps organizations demonstrate compliance with the Companies Act 2014 and related governance requirements. The memorandum typically captures the full context of a decision, including background information, options considered, analysis performed, stakeholder consultations, and implementation requirements. It's commonly used for major strategic decisions, significant investments, organizational changes, or any matter requiring formal documentation of the decision-making process.
Suggested Sections

1. Header Information: Company name, date, document reference number, and classification level (if applicable)

2. Decision Makers: List of individuals/bodies authorized to make the decision and their roles

3. Background: Context and circumstances leading to the need for the decision

4. Purpose: Clear statement of the issue requiring decision and desired outcome

5. Options Considered: Summary of alternatives that were evaluated

6. Analysis: Evaluation of options including financial implications, risks, and benefits

7. Decision: Clear statement of the final decision made

8. Implementation Requirements: Actions required to implement the decision, including timelines and responsibilities

9. Authority and Compliance: Confirmation of authority to make the decision and compliance with relevant regulations/policies

Optional Sections

1. Stakeholder Consultation: Include when significant stakeholder consultation was part of the decision-making process

2. Risk Assessment: Detailed section on risks when the decision involves significant risk factors

3. Financial Impact Analysis: Detailed financial analysis section when the decision has material financial implications

4. Legal Considerations: Include when there are specific legal implications or requirements to consider

5. Environmental Impact: Include for decisions with environmental implications

6. Technology Requirements: Include when decision involves significant IT or technical changes

7. Dissenting Views: Include when there were significant opposing views that need to be recorded

Suggested Schedules

1. Financial Analysis: Detailed financial calculations, projections, or budgets supporting the decision

2. Risk Matrix: Detailed risk assessment and mitigation strategies

3. Implementation Timeline: Detailed project plan or timeline for implementing the decision

4. Supporting Documentation: Key documents referenced in the decision-making process

5. Consultation Results: Summary of stakeholder feedback or consultation outcomes

6. Technical Specifications: Technical details or specifications related to the decision

7. Legal Opinions: Copies of legal advice or opinions received (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses




























Relevant Industries

Financial Services

Technology

Healthcare

Manufacturing

Professional Services

Real Estate

Energy

Retail

Telecommunications

Education

Construction

Transportation

Agriculture

Public Sector

Relevant Teams

Legal

Corporate Governance

Executive Management

Board of Directors

Risk Management

Compliance

Strategy

Finance

Operations

Internal Audit

Project Management Office

Corporate Affairs

Company Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Company Secretary

Board Director

Managing Director

Corporate Governance Officer

Risk Manager

Compliance Officer

Legal Counsel

Executive Director

Department Head

Senior Manager

Project Director

Strategy Director

Board Chairman

Audit Committee Member

Division President

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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