Oireachtas Joint and Select Committees

Thursday, 26 November 2015

Public Accounts Committee

Bord na gCon Financial Statements 2014

10:00 am

Mr. Brendan Gleeson:

We do not have a formalised service level agreement. We do have corporate governance structures that are quite formalised. We meet twice per year on the performance. The board submits a strategic plan to us, which we examine. Recently, we have developed a letter of shareholder expectation. We have done it for another State agency as a preliminary draft. Our intention is to draft a similar document for all our State agencies, including Bord na gCon. I accept it might be better if the agreement had been in place long ago but, in any event, we have embarked on that kind of road with another agency. Our intention is to use that vehicle across all the agencies. That will fulfil the requirements the Vice Chairman is talking about.

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