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Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Sorry, I do not understand what that means. What does Dr. Browne mean, "for a third party"?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: I will interrupt the president there, if he does not mind, because I have a limited time to ask questions. I know the president's opinion because he gave a briefing document. He reiterated it today. Now I am asking the president questions. That is all I am doing here, really. In his response, Dr. Browne states in his opinion it is important that it is independent.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: I am not asking for it not to be independent. I am trying to elicit information on the management of it, the interplay with the university and whether Dr. Browne would have any objection, first, as president, that the Comptroller and Auditor General would look at the accounts and, separately, as a director of the foundation.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: What is the difficulty?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: What would be negative about an office with the standard and calibre of the staff in the Comptroller and Auditor General's office doing that?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: I am not commenting on the Comptroller and Auditor General. I am asking Dr. Browne what would be the downside for the foundation of its accounts being looked at by the Comptroller and Auditor General.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Absolutely, I heard that. But what would be the difficulty? How would the independence of the foundation be damaged or affected?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Could Dr. Browne give any reasons?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Would public scrutiny be a bad thing?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: In relation to the reserves, would Ms Dooley be up to date about what money is there in the foundation as we speak?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Some €52 million.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: I have only a certain length of time and Dr. Browne can talk me down. I do not mind. I will not argue with Dr. Browne if he disagrees with me but this is an open and accountable process. I am asking questions. Dr. Browne can answer them. I have asked Ms Dooley and she has given me the figure. I missed it again. I am just tired.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: It goes after the project is completed.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: NUIG builds different projects-----

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: -----such as the engineering block and all of the other good blocks that have been build, and then it comes back.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: One of the university's briefing documents states 40% of that has come from the foundation.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Two persons from the university, including Dr. Browne, who has very high status, sit on the foundation.

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Is there no conflict of interest at all? That is not subject to public scrutiny. Would it not be good that it would be looked at by the Comptroller and Auditor General? Does Dr. Browne report back to the university then? Is his allegiance to the foundation?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Absolutely, that is what I thought. We all, in different capacities, have sat on companies. One's allegiance is to the company. How does Dr. Browne marry that with his allegiance as president of NUIG?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

Catherine Connolly: Okay. In relation to the foundation, how many people are employed?

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