Results 8,361-8,380 of 34,664 for speaker:Seán Fleming
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Maybe the Higher Education Authority could answer it?
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: What is standard practice?
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: It is accepted there would be conflict. Management of the conflict is the issue here.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: They are encouraged by the Department of Business, Enterprise and Innovation.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: There are several examples. The Department of Business, Enterprise and Innovation invests heavily in these, along with the Department of Education and Skills. There are joint protocols between the respective Departments. It has been Government policy for a long time.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: The management of the conflict of interest is the issue. The issue is not that it happens. It does. The issue is how it is managed.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: I want to come in for a minute to help members to recollect that when we looked at this issue last year or the year before, we had a recommendation that the State should collate all expenditure on these companies from Enterprise Ireland, the third level institutions, the HEA, local enterprise offices and the taxpayer in general, including the European taxpayer. Mr. Robert Watt, the Secretary...
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: I apologise to Mr. Beausang for cutting across him but we both know what I was trying to point out.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: So we have achieved some progress.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: With regard to the earlier discussion, Dr. White said there are time records for people who were fully assigned to the project. It does not apply to staff who may devote only some of their time to the project.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Does that apply to the institute's own staff too?
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: I understand that but it must be possible for somebody who has a lot of responsibility to say that 10% of his or her time is allocated without having to clock in-----
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Obviously, it is very easy to determine in the case of those working on it full time but some people might have a myriad of other responsibilities. It should be possible to devise some basis for the apportionment of time. We believe it is necessary to do that. The point we have made-----
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Hence, our recommendation in an earlier report. This needs to be recorded.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: There must be a step up in that area. Paragraph 348 of the report refers to the fact that Enterprise Ireland, EI, invested €300,000 plus €500,000, which is €800,000. If one looks at the chart, one sees that EI received €4.5 million for its share. It looks as if an investment of €800,000 yielded a return of €4.5 million. Is that correct?
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Okay. This committee will write to EI and ask it to outline its full investment. We want to compare the sum invested with the €4.5 million sum. The Comptroller and Auditor General is saying now that it is only part of it.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: I understand that. Does Mr. McCarthy have approximate figures for the overall investment?
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: I would like to know what level of profit EI made for its total investment.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: Yes, but the Comptroller and Auditor General has said that it put more money in after that.
- Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)
Seán Fleming: My first comment was right. EI put in €800,000 and-----