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Ireland Remains the Bilateral Trade Location of Choice for US Investors in an Uncertain World

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A delegation of Irish business leaders has today arrived in Washington from Dublin with the clear message that Ireland’s trade partnership with the US is stronger than ever, and that Ireland is the location of choice for FDI in Europe. 

 

Ireland Gateway to Europe will meet with their US counterparts and political representatives tomorrow, Wednesday April 11, 2018 on Capitol Hill to strengthen existing business relationships and create new ones.   

 

Ireland Gateway to Europe (IGTE) is a not-for-profit annual trade mission made up of professional advisory firms who travel the US annually to provide a secure resource network for business expansion to help US investment succeed in setting up operations in Ireland. 

 

Founded in 2012 as a response to the economic challenges at that time of global recession, Ireland Gateway to Europe is now in its seventh year of US, UK and global trade missions. 

 

Photographed is The Boston College Ireland Business Council advisory board (left-right), Dr. Bob Mauro, Director Global Leadership institute, Boston College, USA, Robert Mac Giolla Phádraig, CCO Sigmar Recruitment, Leader; Ireland, Gateway to Europe,  Neil Naughton, Chair GlenDimplex (Chairman), Jim Kelliher, CFO, Drift, USA

 

Says Robert Mac Giolla Phádraig of IGTE leadership team: “Ireland has traditionally enjoyed a particularly strong business, cultural and political relationship with the US. However, in light of the recent announcements of trade tariffs, data privacy, immigration and other protectionist policies, our concern is that there may be a perception that Irish-US trade linkages may have subsequently diminished. The fact of the matter is that the transatlantic economy grew stronger, not weaker over the past year, as did Irish -US trade with US exports to Ireland up 9% and imports to Ireland up 6%.

 

 “The purpose of our mission is to let US business leaders and policy makers know that not only is Ireland a particularly attractive European proposition right now in light of what is happening with the UK exiting the EU, but that Irish investment in the US is growing year on year.

 

“Our message to Capitol Hill is very clear; Irish-US trade continues to grow with equanimity and therefore Ireland remains one of the best countries in the world in which to do business.”

 

The Washington mission is the focal point of the 2018 trade mission, which also sees the group travel to Boston to engage directly with the US business community at the launch of the transatlantic Boston College Ireland Business Council (BCIBC).

 

Having launched in Ireland last October, the US BCIBC launch will take the form of a Global Leadership Symposium where US business leaders and politicians will meet with their Irish counterparts. The theme of the event is Global Leadership, where a panel of global CEOs will discuss how they, as a transatlantic leadership community, can create opportunities against the backdrop of economic challenges.

 

The purpose of the BCIBC is to establish new, and strengthen existing, transatlantic business ties between the two countries, and it is designed to enhance transatlantic business between the US and Ireland through creating connections that allow for entrepreneurial ventures to grow and prosper. 

 

The Global Leadership Symposium is one of a series of planned BCIBC CEO Exchange events that will take place twice annually over the coming years, both in Ireland and in the US.

 

Founded by the Global Leadership Institute, Boston College, and Ireland, Gateway to Europe, and Chaired by Neil Naughton of GlenDimplex, the main aim of the BCIBC is to bring influential business leaders from both communities together once a year in Dublin and in Boston to create one deeply connected transatlantic trade artery. 

 

Says Mac Giolla Phádraig: “By establishing the BCICB, the tight commercial and social bonds we share with the US can be strengthened and build upon bilaterally, business to business, in spite of any potential external or internal protectionist political policies. It’s widely known that cultural ties between Massachusetts and Ireland are deep but possibly lesser known are the strength of economic ties with 11,000 people employed by Irish companies there and Ireland being the 6th largest exporter from MA.

 

“The BCIBC community of transatlantic business leaders have a collective, critical role to play to ensure the future foundation of business relations is maintained for generations to come.”

 

Neil Naughton, Chair GlenDimplex says: “We established the Boston College Ireland Business Council (BCIBC) to cultivate, nurture and encourage business relationships between Ireland and our Bostonian brothers after the success of Aer Lingus American College Football Classic, held in Dublin in 2016. After welcoming 25,000 visitors, many relationships, both business and social, were formed. Our overall objective in establishing BCIBC was to create a continuous network to allow for business relationships to blossom and in turn create opportunity for the people of Ireland and Boston.”  

 

Speakers at the launch of the BCIBC include Minister Michael D’Arcy, Irish Minister for State, Dan Mulhall, Irish Ambassador to the United States, Neil Naughton, Deputy Chairman, GlenDimplex, Gregg Adkin, VP & Managing Director, Dell Technologies Capital, David Cancel, CEO, Drift, John Harthone, Founder of MassChallenge and Polina Raygorodskaya, Co-Founder & CEO Wanderu.

Posted by Jamie Harnett on 10 April 2018

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Reflections on Talent Summit 2019

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Almost two weeks have passed since Talent Summit, yet the excitement from the event is still very much alive. I met with Talent Summit Founder, Robert Mac Giolla Phádraig to ask him to share some of his key takeaways and highlights from Talent Summit 2019. Kate Costello – “Have the Heart of a Lion Even When You Feel Like a Mouse” After being asked for his top five takeaways, without even a moment to reflect, Robert started with “Kate Costello’s speech was a particularly significant take away”. Kate, who is only 16, spoke at Talent Summit to present the Dermot Costello Outstanding Leadership Award in honour of her father to the Irish women’s hockey team who reached the World Cup finals for the first time ever last summer. In her speech Kate told the story of a mouse who wanted to look bigger and stronger than those he feared so they would fear him. He asked a wizard to change him from a mouse to a cat, then a cat to a dog and then a dog to a lion. After some time, the wizard said, “with the heart of a mouse there is nothing I can do for you”. It’s a powerful statement to those in leadership. Being a leader means being brave in your actions to lead and guide others. You need to be courageousness to lead beyond the odds, have the heart of a lion even if sometimes we feel like a mouse. Robert reflected on the parallel message in Kate’s story of how we can leave a lasting impression on those close to us, shaping and activating change beyond what we expect and, in many cases, never even knowing we’ve impacted on a person. “The fact that Kate stood on the stage, eloquently recounting a story her father once told her, shows the personal impact we can have on those around us, can be truly transformative, beyond what we intend it to be. The irony here is that Kate not only showed the “heart of a lion” as she presented the award to her own heroes, but she herself was demonstrating outstanding leadership through her actions. My takeaway from this is that we inspire and activate those around us, every day in most cases without even realising it.” “Last year, I recalled how spending time with Dermot, was often like a life lesson, as you would come away with a different twist on whatever topic we discussed. It’s clear that the apple didn’t fall far from the tree… Thanks for that lesson Kate!” Robert Gibbs, Chief Human Capital Officer, NASA – The Power of Positive Intent The NASA transformation story shows very clearly how purpose is our defining competitive advantage. Robert reflected on Robert Gibbs keynote which explained how NASA’s raison d'être boils down to the flourishment of human kind which allows them to operate on the fringe of what is commercially viable, giving them the ultimate competitive advantage. “Robert Gibbs also reminded us that change is a ‘contact sport’, it’s personal, constant and unpredictable, requiring continuous communication and feedback”. When Robert later spoke on a panel with Niamh O’Beirne, Partner, EY and Barry Rudden, Director, Sigmar Recruitment, what surfaced in the conversation was the power of presuming positive intent. Belief goes a long way and sometimes to get the best out of people you need to believe in them. Margaret Heffernan – Leading Change Is Human During Margaret Heffernan’s keynote she emphasized how building social capital takes time, focus and energy and if the ingredients are right, can bind human capital to achieve beyond measure. The strength of the social capital creates the foundation for companies to succeed, the components of which are uniquely human; kindness, helpfulness, warmth and candour. Robert went on to say “The thing that struck me is how the ubiquity of loyalty, friendship and comradery in the workplace create a shared commitment to success, something we may struggle to replicate in the gig economy. In short being trusting and trustworthy is the basis of creating a just culture”. Ian McClean – Every Conversation Matters Given that Talent Summit is a humanic conference, Ian argued that conversation is where the rubber hits the road in expressing our humanity. It reminds us that how we make people feel in our presence is the true measure of our engagement. Robert added “every conversation can either create a gap or close a gap in our daily connectivity and we need to be mindful of the residue that every conversation leaves”. Monica Lewinsky - The Importance of Being an Upstander Robert quoted a Mexican proverb when introducing Monica, which in mays ways captured the spirit of her story; “they tried to bury us, but they didn’t realise we were seeds”. Monica Lewinsky’s story, in many ways reflects this juxtaposition of humanity and technology. As the internet catapulted her into the limelight bringing the uninvited attention of the world upon her, it was the compassion of those around her, coupled with personal resilience that brought her back from the brink. Reflecting the theme of this year’s Talent Summit, it’s the human element that has enabled Monica to lead change through her social activism and create a global anti-cyberbullying revolution. “Monica has turned personal trauma into grace and raised a profusion of lessons we can apply in our personal lives, working worlds and within our family units. My main takeaway from spending time with Monica is that each of us can make a difference by showing compassion through our actions, by being an "up-stander". Monica spoke about this in the context of societal change, but the glaringly obvious parallel in our working world, is that as some resist change and others passively act as bystanders, we truly need to firmly stand “for” the purpose behind the change we hope to achieve.” Mirroring Margaret’s Heffernan’s comment on workplace loneliness and Kate’s story of the need for the heart of a lion, when we sometimes feel like a mouse, Monica harpooned the message of individual impact home when she said, “there is power in small numbers when there is consistency over time.” We need to create a narrative steeped in empathy to be truly compassionate in all aspects of our lives. “Our purpose at Talent Summit is to create better working lives as the world of work augments and being more compassionate is really what it all boils down to! "Tanx" for sharing such a powerful message Monica.” …..and tanx to all who supported, spoke, attended and participated at Talent Summit 2019. See you next year!

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Talent Summit - 1 Week To Go!

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Monica Lewinsky Announced as Keynote Speaker for Talent Summit 2019

Monica Lewinsky Announced as Keynote Speaker for Talent Summit 2019

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Sigmar COO, Frank Farrelly elected as President of the NRF for a Third Term

Sigmar COO, Frank Farrelly elected as President of the NRF for a Third Term

Congratulations to our COO, Frank Farrelly, who has been elected President of the National Recruitment Federation (NRF) for a third term. Frank is co-founder of Sigmar Recruitment and is listed in the Staffing Industry Analysts Top 100 Most Influential Staffing Leaders in Europe.​ On being reappointed for the position of President of the NRF Frank commented, “I am delighted to be taking up the mantle of NRF President for a third year. It is an honour to work with CEO Geraldine King and her team as well as the 3 committees whose immense efforts have contributed to so much success. The last 2 years has been a great journey on a range of topics such as education, standards, policy, membership, Garda Vetting, Data Protection, and the WEC conference to name but a few. As an industry our members do great work for candidates and clients across the country. Recruitment continues to evolve and will continue to do so as ‘work’ changes more rapidly than ever before. For 2019 the NRF will continue to raise our standards, be innovative and provide real value to our members. We plan to do this through improving education and through increasing our contribution to the skills and recruitment agenda.” ​Previous to Frank’s 2 years as President he has 7 years as a committee member, Treasurer and Secretary for the National Recruitment Federation in Ireland, before being elected Vice President in 2014. He was part of the team that lobbied Government on the Agency Workers Act, Zero Hours Contracts and ‘If & When’ contracts. He leads the team that lobbies the government on employment legislation, recruitment matters and GDPR, and was instrumental in helping the NRF secure an Apprenticeship in Recruitment practice on the Irish National Framework of Qualifications in 2018.