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Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Yes.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: No settlement. Any legal costs?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Any additional costs whatsoever?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Would it be standard practice for the university to pay a notice period for all employees?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: For all employees who resign from their position.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: That would be standard practice. For how long would the period of payments be? The previous president was paid for four or five months in that he was paid until the end of the year. Would that be standard practice for all employees?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: The contract, I understand, was for one year. Am I correct in that?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Would all contracts, like the former president's, not have a notice period?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Why was it that the president's did not?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Can Mr. Flaherty revert to us with the information?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: I know that. Was or was not an independent valuation carried out? It is a "Yes" or "No" answer. If there is no written report, is it a fact no independent valuation was carried out?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: If there was one, why would there not be a written report on file?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: We know that now. I am asking about the standard practice. If an independent valuation was carried out on something of this magnitude of cost, would it be kept on file?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: So best practice was not adhered to in this instance.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Would Professor Mey agree that best practice was clearly not adhered to in this instance?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Okay. I want to move on to the role of the financial officer. I understand the university has now appointed a chief financial officer whereas the responsibility previously lay with the chief operating officer and vice president for finance. Why has there been such instability around the role of a finance officer?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: With all due respect-----

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: With all due respect, that is not exactly answering my question. Was the creation of new positions and transfers of responsibility linked to any form of financial reporting or even misreporting to the governing authority, the Higher Education Authority, HEA, or the Department?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: My question was in regard to whether the creation of new positions and transfers of responsibility was linked to any form of financial reporting or misreporting to either the governing authority, the HEA or the Department. That is a "Yes" or "No".

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Imelda Munster: Did the McKenna report make any recommendations prohibiting the creation of roles for specific individuals? "Yes" or "No".

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