Results 13,061-13,080 of 32,978 for speaker:Catherine Connolly

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: The issues had been raised at the Committee of Public Accounts.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: There was no proactive work by the Department or the HEA on this.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Will the witness come back to my question? It was about the fact that there was no proactive recognition of possible problems on the ground. The feeling I get, and this has arisen with different institutions, is that development is good, spin-off companies and commercialisation are very good, but there is no oversight. One questions that at one's peril. It arose again today with Professor...

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: And conflicts of interest.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Was the code of governance in 2009 robust enough at that time?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Was one of the aims to communicate to each staff member the institute's policies on dealing with conflicts of interest? Am I right? I refer to the 2009 code of governance for institutes.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Yes.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: That was not brought in at Waterford Institute of Technology until 2014. Am I right that there was a delay?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: There was an obligation on Waterford IT at that point in 2009.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: What is the process when the Department gets the replies back?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: There are two things here, therefore. One is to explore further what happened in Waterford and the other is to be in a position to put in place a very robust framework of governance for the future.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Professor Donnelly said it was many years ago. I do not accept that answer as a member of this committee. It is unacceptable to give that answer. Serious issues have been identified. My colleague has gone through them as he is far more familiar with the matter. I have read the report. The equity was reduced from 15% to 10% but there is no documentation. Does Professor Donnelly accept...

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Dr. O'Sullivan can comment but I want an answer from Professor Donnelly.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: I am not going into that this time. I am looking at the chapter here. Dr. O'Sullivan wished to comment.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: I have no difficulty with any of that, but the process must be open and accountable.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: No. That is where the gaps are when we look at the chapter, but I will not waste time talking about it having to be negotiation. This meeting is about governance issues and the gaps that led to a company being sold in 2014 for €63.4 million that came from a public institution and all of the work in it. That is from where I am coming in terms of accountability. As such, I want to go...

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: A financial institution gave €100,000 at the time.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: On campus.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Arising from that, we had Feedhenry Limited a few years later. The 1% is transferred to it. Is that what Professor Donnelly is saying?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

Catherine Connolly: Is there a copy of that agreement anywhere?