The body, which is a limited company, took over the regulatory work previously carried out by the Turf Club and the Irish National Hunt Steeplechase Committee (INHSC) on 1 January 2018.
In 2021 the Board banned leading trainer Gordon Elliott for 12 months, six of which were suspended, after a photograph of him sitting on a dead horse caused widespread public revulsion.
[5] Billionaire business man, trainer and race sponsor Luke Comer was banned for three years after twelve of his horses tested positive for anabolic steroids in November 2021 in one of the biggest doping scandals in Irish racing history.
[6][7] In June 2023 IHRB officials appeared before the Public Accounts Committee after concerns were raised over the €384,870 termination package given to former chief executive officer (CEO) Denis Egan.
The matter of "grave concern" was later revealed to be the transfer of €350,000 from a charity administered by IHRB into its own accounts, with the transaction reversed three months later.