Results 6,701-6,720 of 20,057 for speaker:Brian Stanley
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: I understand the divvying out. The question I am asking is if it is a beneficial or fruitful return.
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: I get that. The specific question I am asking concerns the point at which it is sold. Is the return generally fairly good?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: What is the value of investments written off in the past three or five years? Does Enterprise Ireland have a figure for that?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: How many companies are we talking about?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: Does that total figure include companies that were merged?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: There have been claims that companies have been bought for a nominal fee, such as €10 or €1. Where they were bought by another Enterprise Ireland-funded company, they are not counted as investment losses. Is that the case? Explain how that works. Where there is a write-off and the company is bought by another Enterprise Ireland-funded company, what happens?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: It does not just disappear. One company, as was widely reported in the media in 2008, had unpaid debts to several suppliers. It is reported they are still not paid. Revenue won a significant claim of €250,000 against the company for payroll discrepancies. There were Workplace Relations Commission, WRC, cases. In 2019, it went into examinership. Enterprise Ireland, I understand,...
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: In a case where a situation like that arises, would there be some red flags waving or orange lights flashing at the point where Enterprise Ireland is doing its due diligence?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: In other words, does Enterprise Ireland have to take risks?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: I do not want Mr. Sherry to do so.
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: That is what I am trying to establish. If there are orange flags, does Enterprise Ireland sometimes have to take the risk?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: The company's track record and annual financial statements would be examined diligently.
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: Is the agency improving in that regard? Problems will arise when Enterprise Ireland is dealing with so many companies. Many things are beyond arm's reach. Enterprise Ireland only has a certain amount of control once it makes an investment. Do our guests feel Enterprise Ireland has improved over the past five or ten years and does not find itself in a situation where it funds companies and...
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: Is that happening?
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: I understand that.
- Public Accounts Committee: 2021 Financial Statements of Enterprise Ireland: Discussion (23 Mar 2023)
Brian Stanley: That concludes the questioning from committee members. I thank the witnesses, the Department staff and the representatives of Enterprise Ireland, for their attendance, for the work they have done in preparing for today's meeting and for the information they have supplied. I also thank the Comptroller and Auditor General, Mr. Seamus McCarthy, and his staff, including Mr. Peter Kinsley, for...
- Public Accounts Committee: Business of Committee (23 Mar 2023)
Brian Stanley: The public business before us this afternoon is as follows: minutes, accounts and financial statements, correspondence, the work programme and any other business. The first item is the minutes of our meeting of 9 March, which had been circulated among members. Does any member wish to raise any matter? Are the minutes agreed to? Agreed. As usual, they will be published on the committee's...
- Public Accounts Committee: Business of Committee (23 Mar 2023)
Brian Stanley: Could the Comptroller and Auditor General explain the €11.4 million in respect of liabilities related to professional added years for transferred-in-service?
- Public Accounts Committee: Business of Committee (23 Mar 2023)
Brian Stanley: What is the value of the material level of non-compliance in relation to the Tipperary, Limerick and Clare education and training boards?
- Public Accounts Committee: Business of Committee (23 Mar 2023)
Brian Stanley: I propose that we write to the three bodies and ask them for an explanation as to what measures they are putting in place to deal with this. I know there is an issue with the education and training boards in that they have explained to us that they are trying to improve their procurement-----