Oireachtas Joint and Select Committees

Thursday, 24 January 2019

Public Accounts Committee

Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry

9:00 am

Photo of Kate O'ConnellKate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source

I apologise, through the institute and his subsequent disposal of shares in other companies just was not a clean way to go about business. I have a significant issue with the vice president of an institute of technology standing to personally gain from shareholding. If one is employed by the State and getting a salary, one's focus should be on that job, not on making money out of the seed companies one sees coming down the tracks. I am uncomfortable with it and I think, from my colleagues' contributions today, that we are uncomfortable with that position. I am not suggesting that there is anything untoward, necessarily, but it does not seem to be the right way to go about the important role that Professor Donnelly has there. No record of that has been signed off by the governing body and questions have been asked of other Deputies as to how long they keep records for. Any of us who keep accounts know how long we have to keep records for. We did not just fall out of the sky. Professor Donnelly must have known questions would be asked. Would that not be the file he would keep? Would he not have thought that the file relating to the company in which he was a shareholder would be asked about in the future? I would keep that file specially.

Comments

No comments

Log in or join to post a public comment.