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Business & Economics

Dr Orla Lenihan

BComm, MAcc, FCA, PhD

Contact Details

Lecturer Above The Bar
DEPT. OF ACCOUNTANCY & FINANCE
University of Galway
E: orla.lenihan@universityofgalway.ie
 
researcher
 

Biography

Dr. Orla Lenihan (BComm, MAcc, FCA, PhD) is a Lecturer (Assistant Professor) in J.E. Cairnes School of Business & Economics, University of Galway. Orla holds a PhD in Corporate Governance (University College Dublin) and she is a Fellow of Chartered Accountants Ireland. Orla's research focuses on corporate boards of directors and executive incentives. Her current work examines board oversight of sustainability issues such as climate change.

Orla's research has received funding from the Irish Accounting and Finance Association and the Smurfit Graduate School of Business. She has published in international peer-reviewed journals including Journal of Management and Governance and Accounting, Finance & Governance Review.
 
Orla teaches in the areas of corporate governance and sustainability at postgraduate and executive level. She has led the design of new modules and innovative assessment methods that align with the United Nations Sustainable Development Goals. Orla has won a university teaching excellence award (University of Limerick) in recognition of her engaging classes and teaching style.

Orla has held various leadership and service roles including Programme Director, Student Committee Chair, External Examiner, and Board/Council Member. She is the founding Programme Director of the MSc Sustainability Leadership. Orla qualified as a Chartered Accountant with PricewaterhouseCoopers and she has previously taught on professional accounting courses. Orla is a regular radio and television commentator on corporate governance matters.

Research Interests

Orla's research focuses on corporate boards of directors, executive incentives, and sustainability governance. She is interested in aspects such as board leadership, board effectiveness, board composition, board structure, board diversity, board expertise, executive incentives, climate governance, and sustainability leadership. Orla is especially interested in the role that boards play in overseeing corporate sustainability strategies, with current projects examining the extent of climate competence on boards and the use of climate metrics in executive pay. Orla's work is published in international peer-reviewed journals including Journal of Management and Governance and Accounting, Finance & Governance Review.

Orla was previously awarded the Irish Accounting and Finance Association Scholar Award, a national research award that identifies and funds early-career scholars in the Irish accounting and finance community. Orla has won competitive research funding from the Smurfit Graduate School of Business and the Irish Accounting and Finance Association. She has international conference publications at the European Accounting Association, the American Accounting Association, and the Accounting and Finance Association of Australia and New Zealand. Orla predominantly employs econometric models to analyze archival data.

Peer Reviewed Journals

  Year Publication
(2023) 'Difficulty of Sustainability Performance Targets in CEO Bonus Plans'
Orla Lenihan; Niamh M. Brennan (2023) 'Difficulty of Sustainability Performance Targets in CEO Bonus Plans'. Accounting Finance and Governance Review, [DOI] [Details]
(2023) 'Do boards effectively link firm objectives to CEO bonus performance measures?'
Orla Lenihan; Niamh M. Brennan (2023) 'Do boards effectively link firm objectives to CEO bonus performance measures?'. Journal of Management and Governance, [DOI] [Details]

Book Chapters

  Year Publication
(2024) 'Financial Statement Analysis'
Orla Lenihan (2024) 'Financial Statement Analysis' In: Handbook of Investment Analysis, Portfolio Management, and Financial Derivatives. USA: World Scientific. [DOI] [Details]

Conference Publications

  Year Publication
(2023) 2023 Irish Academy of Management Annual Conference
Orla Lenihan; Niamh M. Brennan (2023) Do Boards Effectively Link Firm Objectives to CEO Bonus Performance Measures? 2023 Irish Academy of Management Annual Conference [Details]
(2023) 35th Irish Accounting & Finance Association Annual Conference
Orla Lenihan; Niamh M. Brennan (2023) Do Boards Effectively Link Firm Objectives to CEO Bonus Performance Measures? 35th Irish Accounting & Finance Association Annual Conference [Details]
(2019) British Accounting and Finance Association Annual Conference
Lenihan, O. and Brennan, N.M. (2019) CEO performance-based bonuses: Linking firm strategies to performance measures British Accounting and Finance Association Annual Conference University of Birmingham, [Details]
(2019) 32nd Irish Accounting and Finance Association Annual Conference
Lenihan, O. and Brennan, N.M. (2019) Non-GAAP reporting practices in compensation disclosures 32nd Irish Accounting and Finance Association Annual Conference Dublin City University, [Details]
(2018) 32nd British Academy of Management Annual Conference
Lenihan, O. and Brennan, N.M. (2018) Target-setting practices in CEO bonus plans 32nd British Academy of Management Annual Conference University of the West of England, Bristol, [Details]
(2018) 58th Accounting and Finance Association of Australia and New Zealand Annual Conference
Lenihan, O. and Brennan, N.M. (2018) Performance measures in CEO annual incentive plans: New evidence from the Compensation Discussion and Analysis 58th Accounting and Finance Association of Australia and New Zealand Annual Conference Auckland, New Zealand, [Details]
(2018) 31st Irish Accounting and Finance Association Annual Conference
Lenihan, O. and Brennan, N.M. (2018) Performance measures in CEO annual incentive plans: New evidence from the Compensation Discussion and Analysis 31st Irish Accounting and Finance Association Annual Conference University of Limerick, [Details]
(2018) 31st Irish Accounting and Finance Association Annual Conference
Lenihan, O. and Brennan, N.M. (2018) Target-setting practices in CEO bonus plans 31st Irish Accounting and Finance Association Annual Conference University of Limerick, [Details]
(2016) 19th Irish Academy of Management Annual Conference
Lenihan, O. and Brennan, N.M. (2016) CEO performance-based bonus: An insight into firms’ target-setting practices 19th Irish Academy of Management Annual Conference University College Dublin, [Details]
(2016) 39th European Accounting Association Annual Congress
Lenihan, O. and Brennan, N.M. (2016) Target-setting in CEO bonus plans: Evidence from the Compensation Discussion and Analysis 39th European Accounting Association Annual Congress Maastricht, [Details]
(2016) 29th Irish Accounting and Finance Association Annual Conference
Lenihan, O. (2016) A study of CEO annual incentive plans: Performance measures, performance targets, and performance outcomes 29th Irish Accounting and Finance Association Annual Conference Waterford Institute of Technology, [Details]
(2015) American Accounting Association 2nd Annual Global Emerging Scholars Research Workshop
Lenihan, O. (2015) CEO annual bonus and performance target obfuscation: An empirical investigation American Accounting Association 2nd Annual Global Emerging Scholars Research Workshop Chicago, [Details]
(2015) 28th Irish Accounting and Finance Association Annual Conference
Lenihan, O. (2015) An analysis of performance targets in CEO bonus plans 28th Irish Accounting and Finance Association Annual Conference Dublin Institute of Technology, [Details]
(2015) 38th European Accounting Association Annual Congress
Lenihan, O. and Brennan, N.M. (2015) CEO compensation disclosures: A study of impression management tactics 38th European Accounting Association Annual Congress Glasgow, [Details]
(2011) 24th Irish Accounting and Finance Association Annual Conference
Lenihan, O. (2011) A review of the use of case studies in accounting education: Ireland and the UK 24th Irish Accounting and Finance Association Annual Conference University College Cork, [Details]
(2011) British Accounting and Finance Association Accounting Education Annual Conference
Lenihan, O. (2011) A review of the use of case studies in accounting education: Ireland and the UK British Accounting and Finance Association Accounting Education Annual Conference University of Winchester, [Details]

Honours and Awards

  Year Title Awarding Body
2023 Nominated for Dean's Award for Inclusive Teaching University of Galway
2023 Best Paper Award Accounting, Finance and Corporate Governance Track Irish Academy of Management
2016 Awarded the Irish Accounting and Finance Association Scholar Award Irish Accounting and Finance Association
2014 Nominated to represent the Irish Accounting and Finance Association at the American Accounting Association Doctoral Consortium Irish Accounting and Finance Association
2013 Awarded the University of Limerick Award for Excellence in Large Group Teaching University of Limerick
2012 Nominated for the University of Limerick Award for Excellence in Large Group Teaching University of Limerick

Professional Associations

  Association Function From / To
European Accounting Association Member 01-JAN-15 /
European Academy of Management Member 19-APR-23 /
Chartered Accountants Ireland Fellow Chartered Accountant 31-OCT-07 /
British Accounting and Finance Association Member 01-JAN-11 /
Irish Accounting and Finance Association Member 01-JAN-11 /

Committees

  Committee Function From / To
MSc Sustainability Leadership Programme Board Chair 24-JAN-23 /
MSc in Corporate Finance Programme Board Member 01-JUL-21 /
Professional Diploma in Accounting Programme Review Board Board Member 01-JAN-19 / 01-OCT-19
BA Law and Accounting Student Status Committee Chair 01-SEP-16 / 01-SEP-17
BA Law and Accounting Course Board Chair 01-SEP-16 / 01-SEP-17
Irish Accounting and Finance Association Council Council Member 01-MAY-15 / 01-MAY-17
Professional Diploma in Accounting Course Board Chair 01-MAY-13 / 01-SEP-16

Employment

  Employer Position From / To
University of Limerick Associate Teacher 01-SEP-10 / 31-JAN-21
Mazars Senior Auditor 01-JUL-08 / 01-AUG-09
Limerick College of Business Studies ACCA lecturer 01-SEP-09 / 31-AUG-10
PricewaterhouseCoopers Assistant Manager 01-OCT-04 / 31-OCT-07

Education

  Year Institution Qualification Subject
2007 Chartered Accountants Ireland FCA Accounting
2019 University College Dublin PhD Corporate Governance
2003 NUI Galway BComm Accounting
2004 NUI Galway MAcc Accounting

Reviews

  Journal Role
Accounting, Auditing And Accountability Journal Reviewer
Accounting Finance and Governance Review Reviewer
Accounting Forum Reviewer
Accounting Finance and Governance Review Reviewer
British Accounting Review Reviewer
British Accounting Review Reviewer
British Accounting Review Reviewer

Other Activities

  Description

May 2024: Invited Guest, Report on Governance and Culture in RTÉ, RTÉ Radio 1 Today with Claire Byrne

Feb 2024: Invited Guest, RTÉ Governance at the Oireachtas Media Committee, RTÉ Radio 1 Today with Claire Byrne

Feb 2024: Expert Commentator, Corporate Governance, RTÉ News: Six One

Feb 2024: Invited Guest, Governance and Culture in RTÉ, RTÉ Radio 1 Today with Claire Byrne

Feb 2024: Invited Guest, Governance and Culture in RTÉ, Newstalk The Pat Kenny Show

Jan 2024: Invited Guest, Governance Failures in RTÉ, RTÉ Radio 1 Today with Claire Byrne

Dec 2023: Expert Commentator, Corporate Governance, RTÉ Prime Time

Nov 2023: Invited Guest, Sustainability Matters Panel Discussion, AIB and Network Ireland Galway Branch

Aug 2023: Invited Guest, RTÉ Register of Interests, RTÉ Radio 1 Drivetime

Aug 2023: Track Chair, Accounting, Finance and Corporate Governance, Irish Academy of Management Conference

Jul 2023: Invited Guest, Corporate Governance at RTÉ, RTÉ Radio 1 Drivetime

Jun 2023: Invited Guest, Governance Failures in RTÉ, RTÉ Radio 1 Drivetime

May 2023: Panel Chair, Business for Society Panel, University of Galway MBA50 Conference

Mar 2023: Invited Guest, Sustainability and Demystifying ESG Panel, University of Galway Regional Business Summit

2014-2017: External Examiner, School of Business, Institute of Technology Carlow

Teaching Interests

Orla teaches corporate governance and sustainability at executive and postgraduate level. Her teaching philosophy revolves around three concepts:
(1) Providing students with a value-added learning experience
Orla integrates a number of pedagogical tools such as case studies, commercial databases, websites, corporate examples, and podcasts to provide students with a beneficial learning experience during class.
(2) Promoting active participation during classes
Orla relies on group work, seminar-based discussions, class polls, shout-outs, whiteboard, and presentations to encourage active student engagement with the material.
(3) Making use of disciplinary research to benefit student learning 
Orla commits to a research-led teaching approach by integrating peer-reviewed academic literature into class discussions and research assignments.

Orla has won a university teaching award (University of Limerick) in recognition of her teaching excellence including aspects such as her energy in the classroom, the way in which she connects and interacts with the students, the engaging way in which she thinks through how material in her discipline should best be taught, and the hugely positive responses from her students. 

Modules Taught

  Term/Year Module Title Module Code Subject / Desc
2024/25 Financial Analysis Governance and Sustainability AY5135
2024/25 Corporate Governance and Taxation AY5138
2024/25 Sustainable Accounting, Finance and Governance AY5142