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

That is fine. Dr. Keyes has no knowledge of it. Does anybody in the room have knowledge of any conflict of interest between the company that holds the lease for the €7 million and anybody else involved with this? No.

Following on from Deputy Jonathan O'Brien's questions on the legal standing of the lease if the procedure was breached, if a contract was signed for this amount of money without board approval, what would the result be? This is a very difficult situation to be in. Taxpayer moneys have been committed without due process, as far as I can see. We have heard Ms Mannion refer to lessons learned, which is a new term that must have arisen from a think tank or focus group somewhere. I have looked at a lot of retrospective governance at this committee recently. Mr. Kelly mentioned that he was very focused on ensuring that this did not become a box-ticking exercise. Is it his opinion that most of our corporate governance structures until now have been box-ticking exercises? For all the governance structures, rules and boards in place, at the end of the day we have a problem in front of us. I take from Mr. Kelly's commentary that it would be his opinion that up to now most things have been box-ticking exercises and that he is trying to change things.