Mr. Tom Boland:

In recent years the system of governance and controls across the sector has greatly improved. The code of governance has been adjusted in accordance with the code of governance for State bodies. We are receiving formal statements signed by the president and the chair of the governing body that all procedures relating to public expenditure are being properly followed. I would have considerable confidence that the system is operating well. In addition, we have the oversight of this committee and the Comptroller and Auditor General.