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
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I thank Mr. Donnelly for that. I want Mr. McCarthy's professional opinion. Here we have a vice president of an institute for research who was also a shareholder in a company and, notwithstanding his declaration of a conflict of interest, as a shareholder of a company, he stood to gain financially if that company was sold. He then, as vice president, wrote to the financial controller advocating for a reduction in the equity of the institute. It could be argued that would be financially beneficial to Mr. Donnelly, although I am not saying that was his motivation. Would Mr. McCarthy see that as a conflict of interest, or something that could or should have been avoided?
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