Results 2,681-2,700 of 32,547 for speaker:Paschal Donohoe

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: We will note that. The substantive outcome from that meeting was that Mr. McNamara had indicated that the site could go for more than €400 million but that you indicated back to him that the board at that stage only had agreement to go up to €375 million.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: He also indicated a change in the funding mechanism behind the bid from him.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: In the meeting on 24 October, you indicated that for his own part, the chairman advised he was a non-executive director of Anglo Irish Bank and would not be involved in the executive decisions relating to funding with the bank. Could you explain what you mean by that?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw mentioned the three board members, to whom is he referring?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw has indicated the relationship of those three members with the bank. Did all three leave the room? Did they not participate in this discussion?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: When Mr. Bradshaw says "stay in the room" does he mean stay on the line?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: How was Mr. Bradshaw compensated for his role as a non-executive director?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw got a flat fee. Did Mr. Bradshaw have any shares or options within Anglo Irish Bank?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw had shares in the bank.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Before we go on to that point, I want to focus on the issue of conflict of interest. I have been very careful and the Chairman has been very generous in allowing me lattiude but I am trying to establish the flow of meetings. Let me put it to Mr. Bradshaw that he owned shares in this bank. He had on the telephone line two other gentlemen who had shares in the bank, and shares in two...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Thank you for that clarification. Let me restate the question. Mr. Bradshaw had shares in one bank that was involved in funding this deal. There were two other individuals involved in it, one of whom was the chief executive of the other bank, Anglo Irish Bank. No, not at that stage. He was the chairman of the bank, excuse me. Each of the three individuals were closely involved with the...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: We are being real, this is the reason I am asking all these questions.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I want to return to the conflict of interest point again because it is clear that some members of the board did have a concern about it.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: In section 2.3 it states that members were concerned that for some people there might be a perception of conflict. Other members of the board were concerned about this.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Did Mr. Bradshaw seek legal advice in this meeting?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Did the board itself decide there was no conflict of interest?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Was it decided in that meeting there was no conflict of interest?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What I should also say, because I am trying to establish what happened and draw conclusions at another point, that it does actually minute that the chief executive confirmed that all of the negotiation and preparation of the document by the executive had been virtually completed before the issue arose, which is a point that Mr. Bradshaw made earlier.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: The board then decided that the issue was not a conflict of interest and subsequent to that, legal advice was sought to confirm if that was the case.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I just want to establish what happened. To return to the latter part of the discussion, on the tender bid, the line in the minutes states that the board agreed that the tender bid should be in the sum of €411 million. We have gone from approximately €300 million up to €375 million and now up to €411 million, but the board has delegated the authority to Mr....