Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Joint Oireachtas Committee on Arts, Heritage, Regional, Rural and Gaeltacht Affairs
Sustaining Viable Rural Communities: Discussion (Resumed)
10:00 am
Mr. Justin Larkin:
On that point, I refer to what was said earlier. We were set up as not-for-profit organisations to operate on a non-commercial basis. However, because of the way in which initiatives are developed and devised and the way programmes are presented to us, if board members are to act and trade responsibly, they must think in commercial terms. They must think how to generate reserves, for want of a better word, that will enable the company to do things that provide a commercial basis for itself. The programmes we deliver are subject to penalties, and unless we have other resources identified to support and pay those penalties, this could be a significant problem for local companies.
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