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Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Is Dr. Brady saying the university balances its corporate governance responsibilities with its need to be internationally competitive?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: I think Dr. Brady said that.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Dr. Brady then said it was a balancing act.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: The report shows that non-pay expenditure in the office of the president rose dramatically in the period from 2004, when it stood at €348,000, to a peak in 2008 of €634,000, an increase of 80% to 90%. Was there not a red light flashing for the financial controller asking why expenditure was skyrocketing at such a pace?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: What was the nature of the concerns raised?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Why were they not acted on? How did they manifest themselves and what happened as a result?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Who raised the concerns?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: However, they were not dealt with. Why were they not dealt with?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Therefore, the concerns would not have been brought to the attention of the board or the governing authority of Waterford Institute of Technology.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Therefore, the concerns about the president's expenditure were raised with the president.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: I presume there was a chief financial officer in place at the time.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: What was that person's take on what was happening?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Did they also raise these issues with the president?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Therefore, was the issue that there was no place other than the office of the president to go with the concerns raised?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: What happened to the previous holder of the office of president? Where is he now?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Much of the expenditure incurred was unvouched. One of the auditors' reports stated the president had indicated that he had not sought preapproval of travel expenses as required under the travel policy, although he said he would normally seek informal approval, for example, from the chairman. How does this stand up? Is it accurate?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Was the chairman contacted and asked?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: Did anybody do so?

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: That is serious. It comes down to the issue of corporate governance in Waterford Institute of Technology.

Public Accounts Committee: Special Report No. 78 of the Comptroller and Auditor General: Matters Arising out of Education Audits (27 Sep 2012)

Derek Nolan: The former president said he would obtain informal approval from the chairman. What is being portrayed - possibly, rightly - is that the previous president was to blame. The question is whether there were wider governance issues. If the former president said he had contacted the chairman and obtained preapproval from the chairman, the least one would expect is that the chairman would have...

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