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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: So there was a company called Aceno mobile technologies.

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 a shareholder in that company.

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 he founded it, what was his position in the institute?

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 he became a shareholder in the other companies, what was his position?

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: He was a vice president of research and was a shareholder in a number of other companies.

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 put a number of questions, as the Chairman will know, to presidents of three institutes. When I put to them the idea of their head of research and innovation taking up shareholdings in spin-out companies or private companies co-located in their institutes, they expressed concern. Those were Professor Donnelley's peers. Let me come to the issue of policy. I want to put a 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: I am interested in process. What I have established is that-----

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.

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 I have established is that the owner of the policy in place in 2010 was the office of the head of research and innovation.

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 owner of the policy, according to the institute's own policy, is the office of the head of research and innovation. The commercialisation office, the tech transfer office, at this point reported back to the head of research and innovation. The head of research and innovation sat on the commercialisation committee, which is important in terms of the policy-----

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: Exactly. A paragraph in the institute's policy states that members of the commercialisation committee who are or could reasonably be perceived to be in a conflict of interest situation with respect to any matter before the committee should excuse themselves from all involvement with the committee in such matters. It also states that any individual who is related to, reports to or is a...

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: There is a difficulty there for me.

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: May I come back in and put the questions?

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 this to you, a Chathaoirligh. The president has told us he was a shareholder in a number of companies - three companies or possibly four. These were spin-out companies or private companies co-located in the institute. Some, if not all, of these companies received various forms of grants from the State or the European Union. One of those companies was sold for very significant...

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 putting my questions and I am talking to the Cathaoirleach. It is very specific; it also refers to people with whom one had a business relationship, business partners. Professor Donnelly had shareholdings in multiple companies. Some of those people with whom he was in a shareholding also had shareholdings in other companies co-located in the institute. It would take me all day to...

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 put a number of questions because I need to put these questions.

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: There are a number of questions. Why was that policy change made in the first instance? We were advised by the HEA and the Department that there is an internal review into all of this in Waterford. Why did it take 14 months for Professor Donnelly to correct the record of the Committee of Public Accounts about him being a director? Why is there now an internal review in Waterford IT? The...

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: It has not been signed off?

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: Sorry, I have one final thing which is important. As Professor Donnelly is on the draft policy, did he contact the TUI in recent weeks and ask it to discuss that draft policy yesterday?

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: Did Professor Donnelly's office do so?

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