Oireachtas Joint and Select Committees
Thursday, 2 March 2017
Public Accounts Committee
Business of Committee
9:00 am
David Cullinane (Waterford, Sinn Fein)
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On correspondence, at the last meeting we discussed a letter from the president of WIT to correct the record of a previous committee hearing. I looked back over the report of the hearing and think we might need to receive further clarification because there was a context. The context was that there was a spin-out company, FeedHenry, which had been sold for €64 million and the president was asked if he was a director. He said, first, that he was not but then corrected the record to say he was. My understanding is he was also a shareholder. I think we need to receive clarification, but that is not to say there was anything wrong because he was head of research at the time in the institute and researchers can have an association with spin-out companies. However, for the record, it is important to have the matter clarified.