Written answers

Tuesday, 20 March 2018

Department of Agriculture, Food and the Marine

National Stud

Photo of Clare DalyClare Daly (Dublin Fingal, Independent)
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731. To ask the Minister for Agriculture, Food and the Marine if his attention has been drawn to the fact that it is the policy of the Irish National Stud to encourage members of the board of the Irish National Stud and those connected with them to trade with the company and with stallion syndicates managed by the company despite the provisions of the company's articles of association in regard to disqualification of directors in cases in which a director profits or benefits from an activity, scheme or undertaking of the company; and if this policy has departmental sanction. [12543/18]

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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The Irish National Stud Company Limited is a commercial State Body.

The Irish National Stud Company Limited has informed me that it is a service provider to its clients, including syndicates and directors. All services are provided at commercial rates. In addition they have informed me that there is no participation by a syndicate in the profits earned by the Irish National Stud Company Limited.

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