Concern over lack of oversight involving sale of spin-out company

Ireland“Waterford Institute of Technology (WIT) retained less than €1 million from the €65 million sale of a spin-out company developed on its campus, according to a special report by the Comptroller and Auditor General (C&AG). The report also raises concerns over the WIT’s governing body’s lack of oversight of the sale, including issues such as changes to the institute’s equity stake and conflicts of interest involving senior staff members …” (more)

[Carl O’Brien, Irish Times, 13 November]

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