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Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: What is a joint venture company?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Are these the spin off companies to which Deputy Catherine Connolly referred earlier?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Would there be directors in many of those companies?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: If one is a director, is that the same as being an employee of the company?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: I know that but how is a director defined. Is a director defined as an employee, regardless of whether he or she is being remunerated? Perhaps the Comptroller and Auditor General-----

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Can I ask the Comptroller and Auditor General, if I am the non-executive director of a company, does that constitute my employment by that company, whether there is remuneration or not?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Could I be a non-executive director of a company but because I am paid nothing, I can say I am not an employee?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: What am I then if I am a non-executive director?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Is the definition of employment that one has to be paid?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: There was other correspondence where someone said they were not unemployed. Are we writing to call for an independent investigation?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: We made another proposal about an independent investigation into these disclosures which were not independently investigated.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: The members are here. We have a quorum.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: What way should we do business then?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Why delay the process if there is a formal proposal before the committee? Can it not be considered and a decision made on it?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: That is a report down the line. We can act a lot quicker if we want.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: What does Deputy Cullinane want to do?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: That is a view. I have my one and I made a proposal.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Where is that written in the procedures?

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: If a simple proposal is made, I do not see what the problem is.

Public Accounts Committee: Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology (24 May 2018)

Marc MacSharry: Members can go against it.

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