A draft report into the Olympic Council of Ireland's governance and management has reportedly called for term limits for senior executives.

The report, seen by The Irish Times, is understood to have found the OCI has inadequate audit functions, is not transparent and pays little or no attention to ethical functions.

It also is thought to say that the organisation had no strategic plan for what it was meant to achieve.

The report says no member of the executive committee should serve more than two four-year terms.

It says there is "strong evidence" that limiting terms "prevents the dominance of one viewpoint or mode of thought".

The executive committee met for discussion on the report in Olympic House, Howth, last night.

After the meeting, it said it will review the draft independent report into its governance for factual accuracies over the next few days.

The report, carried out by Deloitte, was commissioned following alleged mis-selling of tickets for the Rio Olympics.

In a statement afterwards, acting OCI President Willie O'Brien said the report was circulated to the committee for the first time yesterday and will be reviewed over the coming days.

He said Deloitte will then finalise its report, which will be published soon after.

The statement also said once the independent Grant Thornton report into ticketing arrangements in Rio is completed, it will be sealed and passed directly to Judge Carroll Moran to consider as part of his non-statutory inquiry.

The OCI says it will at no point see it but it expects the competed report to be with the judge by 15 November.

Meanwhile, a professor specialising in sports law has said one of the most important issues raised in a draft report concerned the OCI’s lack of strategic vision.

Speaking on RTÉ’s Morning Ireland, Professor Jack Anderson from Queens University in Belfast said following the report it is vital that the OCI's role and what it achieves for Irish sport is established.

Mr Anderson said criticisms raised in the report in terms of corporate governance and checks and balances can be dealt with.

However, he said the long-term vision for the OCI needs to be looked at and how it should relate to Sport Ireland and the federation of Irish sport.

Mr Anderson said: "I think that an important point of this report as well is that is criticises the OCI for its lack of strategic vision.

"In other words, what is it achieving for Irish sport and I think that is a critical thing because we can deal with the corporate governance issues and we can bring in the checks and balances, but what is the long term strategic vision of the OCI?

"How does it relate to Sport Ireland? How does it relate to the federation of Irish sport, which represents many minority sports? I think that's the kind of critical long term point."