Oireachtas Joint and Select Committees

Thursday, 18 May 2023

Public Accounts Committee

Financial Statements 2021: University of Limerick

9:30 am

Professor Kerstin Mey:

We have very much improved the processes going forward. We have developed a new policy on the acquisition of property, buildings, infrastructure and land. The new policy clearly states that a business case independent valuation must be part of the due diligence to enable any decision to be made at executive and governing authority level. There must be an executive sponsor and so on. We have learned from the regrettable mistakes.

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