Results 8,961-8,980 of 21,149 for speaker:Mary Lou McDonald
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: I want Mr. Stewart to address the issue of the minutes, particularly the minute of, I think, 13 March.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: Absolutely. Not only that, but minutes are taken as evidence of what transpired at a meeting. Is that correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: No, but nonetheless they are deemed to be evidence of what occurred at a meeting, unless they are proved conclusively to the contrary. Is that correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: We often have discussions at committee meetings about minutes just being notes of what happened at a previous meeting.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: I am addressing the Chairman. Minutes are much more than that; they are afforded a position in the Companies Acts because they are important. They are a legal requirement to be met by companies and entities. Minutes are not mentioned, albeit only a handful of times, in the NAMA Act. They are not just somebody's impression; they are evidence of what occurred. I ask Mr. Stewart to look at...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: I do not see how Mr. Stewart could possibly read that board minute in any other way.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: Who were the parties to the negotiations on the success fee?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: I would like to make one final point. The reason this is absolutely critical is the version of events from NAMA - this is in the report of the Comptroller and Auditor General - when it was asked what it had done when this conflict of interest came to light is that when it had come to light Mr. Cushnahan had stepped down. NAMA's response was that it had discovered there was a success fee,...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: NAMA discovered a lot more than Mr. Cushnahan was in line to receive a success fee. It discovered that he was one of the architects of Project Eagle-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: -----and that he was to be paid a fee for these services at a time when he was a member of the Northern advisory committee.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: We will come back to this. Mr. Stewart can convince me if I am wrong. Excuse my scepticism-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: That is not how the minutes of the board meetings read.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: There is no point in disagreeing with me. They are the NAMA board minutes and that is not what they reflect.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: I have read the minutes. That is the evidence we have. The minutes contradict Mr. Daly's position, not me.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: It might well have been the case-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: -----that Mr. Stewart had limited information as he was listening to this exchange.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: Mr. Stewart, to be absolutely clear, if that is his interpretation then I accept that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: It is not my interpretation. More importantly, it is not what was reflected in the board's minutes. That is a simple statement of fact.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Mary Lou McDonald: No, it is not.