Mr. Kieran Mulvey:

If I am wrong, I will correct the record but we will supply the committee with that information. I have no problem in doing so.

Regarding the second issue relating to corporate governance, we need to be clear. The chief executive said that we are not a regulatory authority. We are not the Charities Regulator, which lays down and will expect a code. The Companies Act 2014 lays down criteria for governance for companies regarding how they should be run. If there is a problem with the corporate governance of a company, and some sporting organisations are companies, it is the Office of the Director of Corporate Enforcement that has the regulatory and investigative function. It is not in the Act. Policy may change on this and it might be a matter for the committee or Minister to change this. What I do not want to do is get into a situation where Sport Ireland spends all of its money that is supposedly devoted to the promotion of sports nationally and internationally on legal matters and is in and out of the courts regarding the enforcement of bodies where other bodies have the regulatory authority to enforce but may not be doing so. One of the things that has amazed me in all of this concerns where the auditors were. If the auditors did not spot this and it was not reported to them, is the appellate body or investigative body of Chartered Accountants Ireland, which has regulatory powers, going to call in the auditors? We have seen this in corporate Ireland for an awful long time. I read an article the other day in the Irish Independentfrom somebody who sat on the Anglo Irish Bank board telling us we had light regulation. He happened to be chairman of the audit and risk committee in Anglo Irish Bank in 2008. We are paying €29 billion for that lack of oversight and he has the absolute cheek to write in a national newspaper-----