Oireachtas Joint and Select Committees

Thursday, 12 February 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
IDA Ireland - Financial Statement 2013
Enterprise Ireland - Financial Statement 2013

10:00 am

Photo of Shane RossShane Ross (Dublin South, Independent) | Oireachtas source

Yes, but it is also important for us to know how the board regards the appointment process and how much its members know about that process. It would be very wrong if these appointments were made without the board having any knowledge with regard to what happens. In fact, it would be absolutely absurd.

The annual report states that, in the context of transactions, directors must make disclosures if they have an interest in a matter. There was approximately €8 million worth of transactions involved in this regard. Will Mr. Shanahan provide details of the directors involved and of the companies with which they were involved? I am referring to instances where grants were provided to companies. The total amount involved - approximately €8 million - is disclosed, as is information regarding grants awarded and grants paid. For some reason, however, information is not provided in respect of the directors or the companies involved. I do not know why that is. Enterprise Ireland always produces information in this regard when we require it. Is Mr. Shanahan in a position to produce it?

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