Mr. Phil Meaney:

I am not sure if there was a chief financial officer in place at the time the decision was made. I think there was, but some time after that we were without a chief financial officer. I accept that every organisation should have a chief financial officer and, as I said, the current board moved quickly to fill the gap.

Following on from what Ms Larkin said about the previous board, this board was not involved in the decision, but we recognise our responsibility to deal with the consequences, both as a board and as an executive.