Oireachtas Joint and Select Committees

Thursday, 23 March 2023

Public Accounts Committee

2021 Financial Statements of Enterprise Ireland: Discussion

9:30 am

Mr. Kevin Sherry:

What we would typically do in that situation would be to seek to address the issue and ensure it is addressed prior to our making a commitment. We are in the risk business so there are certain commercial risks that we will accept. We would seek to reduce or minimise those commercial risks with the company or put in appropriate conditions relating to our investment which seek to minimise that risk. We would then bring that forward to our investment committee or board, which includes private sector members, and we would make a decision as to whether we are satisfied that on the balance of risk and opportunity, and on the basis of the company's plan, we should proceed.