Success of our Mission, Vision and Purpose is heavily dependent on the success of our people
and our teams at HRI. Our employees play a vital role in ensuring we achieve our daily
business activities and HRI's values are the foundation by which our employees conduct
themselves. Every employee, manager and director throughout the organisation is expected to
adhere to our core values of Pride and Passion, Excellence, Ambition, Empowerment, Integrity
Passion underpins everything we do at the heart of racing & breeding industry.
We are proud to be world leaders in our industry.
We respect each other along with the history. legacy and tradition of our
industry, its community, horse population and people.
We embrace our responsibilities and seek to deliver for all our
We are committed to honesty and integrity, creating a transparent
environment where we listen and value each other.
The welfare of our people and animals is always at the forefront of our
We invest in our people to empower them to set the highest standard. We
promote teamwork and diversity.
Our people matter and are the key to our success. We are committed to
creating an environment based on trust and open communications.
Our goal is for Irish racing and breeding to excel, to set the standard and
so be the best in the world.
Our people will be recognised for their expertise, knowledge and can-do
We want to increase the popularity of our sport, while growing and building a
sustainable, progressive organisation.
We encourage innovation and challenges to the status quo, so
we work smarter for each other
and the industry.
Horse racing in Ireland is governed by three major pieces of legislation -
The governance of HRI is within the parameters of the Code of Practice for the
Governance of State Bodies, which is published by the Department of Public Expenditure
and Reform. This Code aims to ensure that State Bodies meet the highest standards of
corporate governance and it plays a central role in our responsibility framework.
A new annex on Gender Balance, Diversity and Inclusion to supplement the existing Code of
Practice for the Governance of State Bodies was published in September 2020.
The Board of HRI was established through the Horse and Greyhound Act 2001. Under the
terms of the Horse Racing
Ireland Act 2016, the Board of HRI consists of a Chairman and 13 ordinary members,
representing key sectors of the Irish racing and breeding industry.
Board members must comply with the Ethics in Public Office Acts 1995 and 2001
HRI operates a number of advisory Board sub-committees in relation to its statutory,
corporate governance and
operational functions and responsibilities. All such committees are established to
provide independent strategic
direction and to act in an advisory capacity to assist the executives and the HRI Board
in the management of the function or body concerned.
The Finance Department of HRI prepare financial statements annually for HRI
and its subsidiaries and is subject to statutory audit by the Comptroller and Auditor
HRI also operate an internal audit function through an externally appointed
firm of auditors, reporting to an independent Audit and Risk Committee with
responsibility for risk mitigation, the approval of audit strategy and reviewing audit
Audited Group Financial Statements are published in the Annual Report. To view our
Annual Reports please visit HRI Publications |
Horse Racing Ireland | hri.ie.
The Audit and Risk Committee
Charter is reviewed annually.
The finance function also ensures that HRI adheres to all its corporate, indirect and
employee tax related obligations.
The Procurement function in HRI is responsible for ensuring that HRI and its
subsidiaries adhere to the public procurement requirements of semi state bodies. This
team ensure that HRI and its subsidiaries deal with suppliers and potential suppliers in
a fair and equitable manner while delivering significant value for money for the
Under the processes set out in the 'Code', all Capital development plans are reviewed
and financially appraised by the Financial Planning and Reporting function, ensuring
that both internal capital expenditure and industry capital grants are controlled in
line with public expenditure guidelines.
HRI administers the statutory foal levy, which is managed via the Finance Department.
The Foal Levy Committee advises and makes recommendations to the Board of Horse Racing
Ireland, following consultation with breeders, in relation to a programme of
re-investment of the funds raised by the Levy. Further information can be found HERE.
Under EU Directives regarding energy efficiency, and the ambitions set out in the Programme
for Government and the Climate Action Plan (2021), HRI are committed to the public sector's
2030 energy and carbon targets.
- Report energy management and performance data directly to the SEAI on an annual basis
using procedures and calculation methodologies specified by the SEAI, in order to track
progress towards targets.
- Publish a statement in the Annual Report, detailing the steps being taken, or that have
been taken, to improve energy efficiency and an assessment of the energy savings arising
from those actions.
We have appointed a Data Protection Officer to oversee compliance in this area
and comply with all GDPR guidelines.
You have the right to make a complaint at any time to a supervisory
authority. The Irish Data Protection Commissioner is the lead data protection supervisory
authority for HRI as an Irish data controller.
HRI is committed to maintaining an open culture with the highest standards
of honesty and accountability where our employees can report any concerns in confidence.
HRI complies with the Lobbying Act and discloses all lobbying activity to lobbying.ie.