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Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Yes, but Professor Donnelly gave inaccurate information to the Committee of Public Accounts in the past.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Was it accurate or inaccurate?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I will get to the context of the question in a few minutes because that is important for me too. Professor Donnelly and I are on friendly terms and we have had several meetings. He is well aware that I am very supportive of the institute's work and of it becoming a university. I refer to a cold call I received from Professor Donnelly, which would not be unusual given, as I said, we have...

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: The question Professor Donnelly was asked was a very straightforward question, one I would assume would be easily answered. Professor Donnelly was asked if he was a director in a company called FeedHenry. What was his answer to that question?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Professor Donnelly has been vice president of an institute for many years and he is currently president of Waterford institute. How did he not know that he was a director of a company? How could that have been something that he would not have known?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: With respect, that is not an adequate answer. It is an appalling answer. I was a director in a number of companies. If I was asked if I was a director of a company I would know the answer, as I would hope most people in this room would. Did Professor Donnelly have to attend any board meetings of FeedHenry as a director?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I would know if a I was a director of a company. I will get to the context of the question now. Professor Donnelly was asked whether he was a director of a company that was eventually spun-out and sold for a significant amount of money. Is that correct?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: On that occasion, Professor Donnelly was asked twice if he was a director of the company and on each occasion his response was "No".

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Professor Donnelly was asked the question twice. He can check the record if he wishes.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I have checked the record and I can tell Professor Donnelly that he was asked the question twice.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I find that troubling. However, Professor Donnelly gave the answer he did. He then clarified for the committee in written correspondence that he was a director, in an attempt to clear up the record.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I am suggesting that Professor Donnelly attempted to set the record straight by saying that he was a director.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: I am saying that because in correcting the record I believe it would have been also appropriate for him at that point to have declared that he was also a shareholder in the said company. He should have given the complete picture.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: That may not be the case. In any event-----

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: In any event, Professor Donnelly did subsequently write to the committee and inform it that he was a shareholder.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: In the letter that Professor Donnelly sent to the committee he acknowledged that he was a shareholder.

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Let us not assume that everybody knows anything. I ask Professor Donnelly to answer the questions put to him. In any event, he subsequently wrote to the committee again. The context here is important because FeedHenry was a spin-out company that was sold on for a significant amount of money. I have a number of questions for Professor Donnelly in relation to that but I would welcome if...

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: When was FeedHenry established?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: What was Professor Donnelly's role in the institute when FeedHenry was established?

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Waterford Institute of Technology: Financial Statements 2013-2014
(6 Apr 2017)

David Cullinane: Professor Donnelly was vice president of research and he set up this company?

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