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Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: I am concerned by that and am not fully convinced. Regarding the Indecon report's recommendations on strengthening the board of directors and management, does the board now include someone who is experienced in marketing?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Is that why the IGB closed Harold's Cross on St. Valentine's night?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: The Indecon report was clear, in that a large part of the board had to be concerned with marketing. The 2016 Indecon report recommended increasing the size of the board if someone with that skill set needed to be included. Why is there no one who is dedicated to marketing?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Unfortunately, time is not on our side. The pace seems slow. Has the board appointed a risk officer yet?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Is the recommendation that non-executive board members should no longer serve on subsidiary boards being implemented?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: My concern is that the report, which is a cornerstone of the industry, made recommendations, so I would have expected marketing to be a cornerstone in the future strategy for greyhound racing, but it looks like that situation has not been resolved.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: This is recommendation No. 1.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Is the board working to a plan? It is trying to implement Indecon's recommendations. A farmer who gets into trouble might sell pieces of land to try to keep the holding going. The IGB is selling one of its income-generating assets, but the process is not transparent because no one in the public or among elected representatives knows what is happening. Has the IGB a plan in place to make...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Does the board not have one in place yet?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: The graph does not lie. I do not doubt what Mr. Meaney is saying about the debt and I appreciate that aspect, but I must judge the board and how it has dealt with that situation. I must examine its judgment on some of the key issues I have mentioned. I am concerned about them. Regarding the commercial arrangement with the tracks in Youghal, Tralee and Mullingar, is it a five-year contract?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: How much is it expected to generate?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Each or altogether?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Will that be distributed between them equally?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: I wondered why the IGB could not answer that when asked via parliamentary question.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: The days of a semi-State body that is getting significant funding from the State entering into non-disclosure agreements are coming to a close. I do not have time to go through everything, but the Harold's Cross situation and how the board was dealt with and procedures were carried out left much to be desired.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Even if it is not done via parliamentary question, it is important the board communicates with an elected representative who asks questions. The board may have concerns about commercial sensitivities. However, I take the view that given the amount of funding and the exposure in terms of debt, these things should be upfront. Reference was made to the plan for assets disposal. I understand...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Why?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Would it be as difficult as Harold's Cross?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: How much did that site cost?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (4 May 2017)

Peter Burke: Under whose stewardship was that purchased?

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