Results 12,661-12,680 of 26,396 for speaker:David Cullinane

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Are they all disposed of?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Okay.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: I accept that.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: I thank Professor Donnelly and the institute for accepting the recommendations in the report. I will not deal with this in detail but there was a great deal of public commentary about issues that were raised in this committee, which was unhelpful. Professor Donnelly might have a view on that. We focused on two areas: management of conflicts of interest and protecting the institute. In...

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Enterprise Ireland said it had no role.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: That was the gross. The net was €900,000.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: I accept that. I am saying that €1.6 million went to the institute, which had to make a number of payments, including €130,000 to some company.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: The institute got €951,000.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Sometimes there is a sharpness in Professor Donnelly's responses which really should not be and does not need to be there.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Maybe Professor Donnelly could examine that. The €1.6 million was not broken down by the committee but by the Comptroller and Auditor General.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Nobody disagrees that it got €1.6 million but we are stating these as facts.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: We have the right number, which the Comptroller and Auditor General gives to us.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Can we forward these questions to other institutes of technology? When the Department was in, there were few vice presidents at that level. I cannot make any judgments on it.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: I have a couple of questions that follow on from my previous questions. I just did not get through all of the report. I also have a number of observations on responses that were given. An Teachta O'Connell made a number of points earlier that I do not agree with, which shows that members have different opinions in this area. I remember when we first examined this, we were told by some...

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Then a number of payments had to be made, one of which was the creators' reward scheme, which went to individuals, not the institute.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: The institute did not get that €492,000. It received the money but it paid people and, therefore, it was not a net gain.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: The financial institution received €147,000 because of its equities so my point is that the net gain, if that is appropriate terminology, was €951,000 for the institute. Is that fair?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: That was my point. Are Dr. Donnelly and I on the same page on that?

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Yes, but it is important.

Public Accounts Committee: Special Report No. 104 of the Comptroller and Auditor General: Waterford Institute of Technology - Development and Disposal of Intellectual Property in FeedHenry (24 Jan 2019)

David Cullinane: Dr. Donnelly is correct that people make headlines out of issues. He said earlier that if he had an opportunity to go back in time, he might make a number of different decisions.