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 Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

That is with the benefit of hindsight. I am sure the witnesses can understand the point I am making with regard to those figures.

It is also important to point out that several staff members were involved in a staff incentive scheme. One of the key recommendations is that the HEA should ensure that higher education policies or award schemes take account of potential situations where the higher education institute staff have a financial interest in the company. That is, to some extent, why we are here today. The HEA has said that it accepts that and has informed all sectors that they must embody this in their recommendations. However, it will be year before we know if that has actually happened. It is to happen in the coming year.

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