Results 2,641-2,660 of 2,691 for speaker:Tim Lombard
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Why was that topped up?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: By whom was that third party professional services firm hired?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: The IHRB got an outside consultant to evaluate the potential package, and the top-up then came from the Turf Club to fill the hole regarding the potential package.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Would you not consider that totally irregular?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Has the Turf Club ever corresponded with you, as an organisation, about the €141,000? Will this be the next CEO's proposal, that he will have another top-up from the Turf Club?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: I am well aware of that.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: It is quite a bizarre situation, though. I know of no other organisation where an outside entity would channel money into it for a top-up for a retirement fund. It is potentially unheard of.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Four of those directors who were there in 2021 are still in place. Am I right?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: The €141,000 is the Turf Club's money then.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: By a third party, was it not?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: But there are still four who were in place, so there are four individuals on that board who believe this was appropriate. Am I right in making that statement?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Have the four members who were on the board at the time ever made a comment publicly about that issue?
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Confidence is required in the system. The confidence comes from leadership, and if you have four members on that board who had confidence in it at that time, I just question how we can have confidence in the set-up at that stage.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: That is a slightly different issue.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: It was bizarre, to say the least - and I am being polite - to think that the Turf Club would potentially have given money to the IHRB as part of a package of €380,000 for the individual in question.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Money was moved out of a charity account for 94 days. This is a significant issue. What safeguards have been put in place regarding the charity aspect? As CEO of his organisation, does Mr. O'Loughlin believe that its work with the charities needs to be looked at? Is it part of his remit to manage the charity fund? Should other entities be involved in managing the fund? When one looks at...
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: I appreciate that.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: Even the legalities of it are an issue. The IHRB is acting as a charity regulator and dealing with other issues that do not relate to it as the regulator of horse racing. It is slightly bizarre, to say the least, that the IHRB is tied into it.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: When it comes to paying out, if they have to, which I hope they do not, it is effectively IHRB's staff who make those payments.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Governance Issues: Irish Horseracing Regulatory Board (Resumed) (6 Nov 2024)
Tim Lombard: But that did not happen in this-----