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

It was Professor Donnelly's choice but it would have been good housekeeping to have seen this coming down the tracks. I do not think it is acceptable. I understand the standard practice relating to spin-off companies is done everywhere. Is it common practice and ethical in other institutes in other jurisdictions for somebody in a position such as Professor Donnelly's to invest personally in companies into which he or she had more insight than someone on the street? Are there examples of that?

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