Results 5,961-5,980 of 32,845 for speaker:Catherine Connolly
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I will change that. It appears the Department was misled. Officials were told the packages were extremely beneficial because of potential legal and employment issues and because there were performance issues. They were told they were good deals on legal advice.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Who told the Department that?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Is that what the officials were told?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I refer to the television programme in which Mr. Field said it was good practice. Is it correct that he is on the board of governors?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: He said the only thing that was wrong was they did not have prior approval from the Department. It is pretty serious not to secure prior approval. In addition to providing information that would appear to be misleading, the amounts were way in excess of the limits that had been set.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: That is fine. I would like to move to on Mr. Collins and Professor O'Shea. I would like to ask questions later about the Irish Marine and Energy Research Cluster and guidelines for employment for staff. UCC acquired the IMI for nothing. In reply to Deputy Cullinane at the previous meeting, it was stated that all the directors left and UCC became the sole owner.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: That was not said. The following was stated, "We did not buy the company, rather we bought the asset". This is true but UCC acquired the company. We were not told that the college acquired the company and became the sole member and owner. Did the directors of the company stay on?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: That is 11. Which five were on the board previously? I refer to page 20
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Is Ger O'Mahoney, managing director of PwC ,gone off it?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: UCC acquired the company and everything attaching to it, including liabilities.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Mr. Farrell can do so in the Chairman's time shortly. If he does not agree with my question, he can say that. Is it correct that UCC acquired the company, including all its assets and liabilities?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: At what point did UCC acquire the company?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: On what date?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: On 21 November, UCC took over IMI with its debts.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: On the same day, the company UCC has just taken over, and which Mr. Collins referred to as part of the family, purchased IMI for €20 million
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Are the other assets still there?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: This all happened on the same day. UCC, using its own fully held subsidiary company, purchased the 13 acres and leased it back.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: That was funded by an Ulster Bank loan.
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: I got all that. Mr. Collins has outlined that. Was a business case presented for this?
- Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)
Catherine Connolly: Can that be furnished to the committee?