Oireachtas Joint and Select Committees

Thursday, 22 September 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020

9:30 am

Mr. Seamus McCarthy:

I might add something in this regard. Non-disclosure agreements are an absolute standard feature of settlements that are made around termination of employment or the ending of employment. We have seen this in other organisations as well. I have reported previously on severance deals and the use of NDAs. An NDA will typically be phrased in such a way that if there is a statutory obligation to disclose, that disclosure can be done, but for disclosures other than within a statutory structure like, for instance, the presentation of annual financial statements, there may be a difficulty around it. As the chief executive has said, we are looking at this in the context of the 2021 financial audit. I have not determined yet whether I will draw attention to any matter in regard to it or disclose anything.

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