Mr. Cormac McSweeney:

In terms of policy and how we manage it, there is a very robust process for review and approval before a company is actually spun out by the institution. Within that, there is a conflict of interest policy that is reviewed by a number of committees across the organisation, including the finance committee and the governing body. There are lots of checks and balances within our processes to ensure that no academics or staff members can put themselves in that position.