Results 22,901-22,920 of 33,044 for speaker:Catherine Connolly
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Have they shares in that spinout company that is being sold off?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: There is no connection between the research and development.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: In my limited time, I want to turn to Cork Institute of Technology. There are a number of spinout companies there as well. The first one is Infinite Designated Activity Company, DAC. That was apparently set up in December 2015. Is that trading?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Why not?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: CIT has a 50% share in two other joint venture companies. What are they?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Is that GAC Training and Service Solutions, GTSS?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: GTSS is for training in the maritime areas of oil, gas and minerals and so on?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: CIT has a 50% share in SNO as well.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Are members of CIT directors in these companies?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Are audited accounts available for these companies?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: They are consolidated into the accounts of CIT.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Are the directors remunerated?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: No remuneration. That is fine. I think I have gone over my time.
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: I have three issues that I will deal with quickly. I thank Professor O'Shea for clarifying the foundation. UCC is in the ha'penny place compared with NUI Galway, which has huge reserves in its foundation. I welcome that UCC is looking at that. Do I understand it has a review of governance structures in place?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: I ask Professor O'Shea to clarify that for me. Who is doing that and what is the timeframe?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Does Professor O'Shea sit on that foundation, as president, just as the president in NUI Galway does?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: What are they looking at?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: What does that mean? People donate money through a foundation. Is UCC looking to change that so that they would donate it directly to the college?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: Obviously this is something we follow up here. I am concerned about various presidents of colleges with foundations repeatedly saying they do not control the foundation. What does the foundation control in terms of education and buildings? What power does it have regarding education? It is a very valid question, is it not?
- Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)
Catherine Connolly: In Galway, free office accommodation was provided to the foundation. When we asked about that, we were told that, of course, the college would provide free accommodation to the foundation. Is that also happening in Cork?