Oireachtas Joint and Select Committees

Thursday, 6 April 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014

9:00 am

Ms Elaine Sheridan:

These are issues such as the finalising of service level agreements between the institute and the subsidiaries as they are now. We have changed the way we operate with the subsidiaries. A new CEO was put in to the subsidiaries in March last year and they are undergoing new business plans, reviewing each and every operation. They have reduced the number of companies to two. Once that process is complete we will then negotiate service level agreements between the institute and the subsidiaries.

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