Mr. Paul Gallagher:

I accept that risk management policy and procedure within Cork Institute of Technology is based on a sectoral policy. We fed back into that policy piece and a new risk management policy has just issued, which is being implemented in CIT. I accept that risk management as a methodology within CIT is not that well-developed at this stage. We have an institutional risk register but we have not embedded risk management down further into the organisation. There is quite a bit of work to do around this.