Results 4,861-4,880 of 32,837 for speaker:Catherine Connolly

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Is this the decision to which Mr. Nyhan refers?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: In fact, there was not a decision.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: So we do not know.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: What I know from the answers today is that at some stage the board endorsed all the recommendations of Indecon. Is this correct? There were other recommendations in the Indecon report. Which of those did the board implement in the context of assets?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: That has been sold. What of the asset in Cork?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Did the board look at all of those assets and come up with a valuation?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Would I be unfair to say that the board zoned in on the Harold's Cross site? Other matters did not take as much as the board's attention because the crucial thing was to pay down the debt and the pressure from AIB. Would this be fair to say?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I must say that I find that frightening. I know that it is being put down as a legacy issue. Mr. Creed rightly corrected the figure, which was €1 million, and about €900,000 was spent on development fees and so on. It is worth €100,000. No one is accountable, the site is landlocked - it might be clarified as to whether it is on a flood plain - and we are asked to not...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I know. That point has been made.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I appreciate that but-----

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I understand that, and I understand the board inherited the decisions. Mr. Meaney was there before so he was part of the inheritance that came forward.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I know they were prior but-----

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: I agree with all of that. What I am saying, however, is that all these reports were on Mr. Meaney's time, with the exception of the Dalton report in 2006. All of these reports point out serious difficulties that continued under Mr. Meaney's time because none of these recommendations have been implemented.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Has the annual review of the board's performance been implemented?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: We will find an annual review somewhere that states what-----

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Who assessed them?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Will we see that assessment of the board somewhere?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: The Chairman is signalling me to stop, so I will raise just two other matters. Indecon or the agriculture committee - I am not sure which - made a recommendation to examine all racing tracks to see what debt they had, what advantages they had and where IGB was going with them. Has that been carried out?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: There was a recommendation.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Catherine Connolly: Is there an assessment anywhere that IGB, or somebody on its behalf, has carried out of all of these racing tracks, as recommended, and if so, where can I find it?