Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Joint Oireachtas Committee on Agriculture, Food and the Marine

Issues Surrounding Recent Reappointment of CEO of Horse Racing Ireland

2:30 pm

Photo of Willie PenroseWillie Penrose (Longford-Westmeath, Labour) | Oireachtas source

In fairness to him, he still said that notwithstanding the €60 million coming to HRI, he was not happy with the corporate governance. That took a bit of doing and I salute people who stand by the correct thing to do in that regard. If the big issue in 2011 was the reappointment procedure, how can we say five years later there will not be another row? Is it written in a contract that the term is five years and that is it?

The Indecon report in 2012 was important and it made many recommendations. We went through them ad nauseamin committee and during the passage of the Bill. Will the board members commit to ensuring a value for money audit is carried out immediately in line with the recommendation in the Indecon report in the context of the funding that is made available to HRI? Will that be done without any further delay? Perhaps an independent review of corporate governance might be initiated as well.

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