Results 12,741-12,760 of 20,099 for speaker:Brian Stanley

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I did.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Will Ms Fogarty clarify that for the committee following the meeting in order that Deputy Burke will have a full answer to the question?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: We are going over time. I will let Deputy Munster in for a second round.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The Deputy is over time.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I ask the Deputy to be brief as she has gone over time.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I will let Deputy Murphy back in again later. Deputies Dillon and McAuliffe are not present. I have some questions before we move to the second round. Regarding legal costs and legal expenditure by the university, I note there was a legal bill for the academic year 2018-19 of €360,000. How much of that related to protected disclosures?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Can Ms Fogarty, the financial controller, say?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: How much of it related to protected disclosures?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Can I ask Ms Fogarty-----

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: How much of it related to legal advice on protected disclosures?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is it correct to estimate the figure at €200,000 for legal fees and work relating to protected disclosures for that year?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Would it be in the region of that sum?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: To confirm this is correct, €200,000 in legal fees was paid that year around the issue of protected disclosures. I have another question on legal fees. The former president left his role in August 2020. We have established that he was paid his notice until December 2020; some of the other Deputies focused on that. Were there legal costs associated with the resignation of the president?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Were those legal costs excessive?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is it not odd that there were such legal fees around it given the fact that the former president left, you could say, in a fairly comfortable position? He was paid as far out as December 2020. Why was there so much in legal fees and legal involvement in that?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I will move to the Dunnes Stores issue. Professor Mey confirmed there were no written valuations but did not confirm whether there were verbal valuations. Surely, if there was a verbal valuation, which would be unusual in itself, there would be some record of it on a file somewhere, given the amount involved. I take it from Professor Mey's answers there was no verbal valuation. This was...

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is it "Yes" or "No"? Professor Mey has clarified-----

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The point is, in this case, there was neither written nor verbal valuations. It does not appear even an opinion was noted. There is no evidence, or even a record, of an opinion being sought, verbally. Nobody was asked, even on a street corner, why the cost, which was valued a very short time previously at a much lower cost of €3 million, all of a sudden arrived at €8 million....

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Okay. Did the governing authority approve the purchase of the site?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: It did. The witness can state that this morning categorically, so I thank her. The witness has confirmed that advice was received from the consultant who did some negotiating around the deal. Was that consultant on a percentage or was that how payment for consultancy fees operated? In other words, if the site was valued at €1 million, the consultant would get a percentage of...