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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: With respect, these are companies in which institute is a shareholder and which are co-located at the institute. I ask Professor Donnelly to answer the questions I am putting to him, regardless of his shareholding or-----

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 am saying is that these companies were co-located at the institute of which the witness is president. He is here as the Accounting Officer for 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: 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: All I am trying to establish, Professor. Donnelly, is whether Aceno, ZolkC, Fuseami or FeedHenry received European Union or Enterprise Ireland funding.

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: They did. They would have also received all sorts of support from the institute in terms of researchers, space, etc. They would receive a range of different supports from the institute, 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: I want to put a question to Dr. Love because this is important as well in terms of policy. Has Dr. Love read the 2010 policy of WIT?

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: Dr. Love talked a great deal about what is usual or not. We had numerous discussions prior to Professor Donnelly coming in and I pointed out that I have no difficulty in researchers commercialising their intellectual property but I want to understand the process in respect of how conflict of interest is managed and whether it would even be allowed to emerge. That is guided by policy. 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: The policy then states: "Any individual who is related to, reports to, or is a business partner of someone who would be considered to a have a conflict of interest may also have a conflict of interest". If the head of research and innovation or the president or both have multiple shareholdings in companies that are co-located in the institute in which those people have a governance role and...

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: She also sat on the commercialisation committee.

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: If difficulties were found, that would reflect on the commercialisation office and committee.

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: An internal review, in the first instance, was never appropriate. What will an external reviewer examine?

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: Could Dr. Love inform the committee of other instances in this State where heads of research are shareholders in 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: But I am concerned about this State.

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: Dr. Love might furnish the committee with that information.

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: But is the issue not that the person is a manager and has a role and is also the policy owner and sits on a committee that manages 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: The second question relates to the external review. Will that just review whether the internal review was carried out appropriately or will it examine the wider issues and questions the committee has raised? How was the institute protected in respect of its shareholding? What investment did it make? What investment did the others make? There are many different companies in which one...

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

David Cullinane: Could the witness repeat that?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

David Cullinane: I have questions on three themes. I am not sure what time I have. Do I have five minutes on each theme?

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

David Cullinane: The Chairman might give me a holler after five minutes. I welcome Dr. Browne and his team. NUI Galway is one of my favourite universities although I did not study there. Before I ask any questions, I will direct a comment at the Chairman. I do not say this so much in response to Dr. Browne's responses, although there has been an element of it. As members of the Committee of Public...

Public Accounts Committee: National University of Ireland Galway: Financial Statement 2013-2014 (6 Apr 2017)

David Cullinane: It may not have been-----

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