Michael Creed (Cork North West, Fine Gael) | Oireachtas source

As I understand it, there was a reference in the 2011 contract which stated that the fact that there was a contract could not be relied upon with regard to another contract. In 2014, we received communication from the chairman stating that the board wished to reappoint the CEO.

That is, we received a communication purportedly from the board seeking the reappointment on the basis of a business case. The 2011 contract, as I understand it and am advised, stated that nothing therein could be relied upon as guaranteeing an extension.