Results 12,701-12,720 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: Paragraph 3.44 relates to the role of the commercialisation committee. We have dealt with this but I want to go through it again. It states:Waterford Institute of Technology Commercialisation Committee had its inaugural meeting on 6 December 2010. Although the assignment of the IP was in process at the time, the minutes of the meeting record no mention of FeedHenry, the proposed...

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: It is paragraph 3.44. My reading of this from the institute's response was that the committee was only being established. It was busy establishing itself. It is the technology transfer office, not the commercialisation committee. Am I right in that? Was it always the technology transfer office?

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: So the committee is separate from the technology transfer office.

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: Mr. McCarthy is making the point in the report that it would have been better-----

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: Paragraph 3.51, which is important, states:In August 2004, the President of Waterford Institute of Technology [that was not Professor Donnelly but one of his predecessors] informed the Governing Body members of the proposed sale [of FeedHenry Ltd] to a multinational company and requested their consent for the sale. In [September] 2014, the Governing Body gave its consent ... That would be...

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: In all the other areas relating to transferring the IP, negotiations around equity being reduced or not, they had no involvement whatsoever, and perhaps even no knowledge. I do not know because-----

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: They had knowledge but they were not formally asked. Are there records of that or minutes that show these issues-----

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: Basically, as vice president, Professor Donnelly was making-----

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: They were aware of what was happening; they were just not involved in the decision making. 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: Professor Donnelly is saying that, throughout that process, he was making constant reports, or perhaps it was only at that point.

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 I was not clear. I am working from the report of the Comptroller and Auditor General. In a number of critical areas where the IP was transferred and where the equity was reduced, I asked whether the board members were aware or not. Professor Donnelly said they were because he informed them.

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: Before Dr. O'Sullivan comes in, there is a statement in the report that when the equity was transferred, the board were not involved. I am sure the Comptroller and Auditor General would have looked for evidence that the board were being informed.

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: None whatsoever.

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: There are certainly no records.

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: Is it the same for reducing the equity?

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: Thank you. I have two final questions for Mr. McCarthy. Paragraph 4.7 states: "FeedHenry Ltd (established in June 2008) had its registered offices in ArcLabs". Deputy Connolly dealt with this earlier. From 2010 onwards, rent and expenses were incurred by the institute but which were recovered. However, from 2008 to 2010, there was no record of that. The institute said it is because 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: In the course of Mr. McCarthy and his team doing their work, they would have looked at the fact there was an office based in ArcLabs, a telephone number and some activity, and they were looking to find what the activity was. They would have sought to find what the level of activity was.

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: What was the response?

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: Mr. McCarthy does not form any opinion 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: The issue of secondment is dealt with in paragraph 4.12, which states: "Waterford Institute of Technology does not have a policy on part-time secondments or how those on part-time secondments have their time monitored to ensure they work the hours specified in their contracts." Paragraph 4.11 states:FeedHenry Ltd reimbursed Waterford Institute of Technology in respect of the salary of one...