> He once co-owned a yacht with Minister for Foreign Affairs Simon Coveney, who previously appointed him to the board of the Irish Marine Institute.
Ah here..
>Mr Hyde has acknowledged not declaring to ABP his 25 per cent share in a company – H20 Property Holdings Ltd – and certain lands but said there was no need to.
>
>In a letter on April 19th to the ABP board, Mr Hyde said the company was dormant with a “zero balance sheet” and “no monetary assets or liabilities”
That’s…. not how that works.
You don’t avoid having a conflict of interest, just because all the company’s assets are tied up in property, plant and equipment. Especially when you own 25% of that company.
The company still has assets that could represent a conflict, they are still operating, and submitted financial statements for 2021.
“Great little country”
Why was an architect appointed to the Marine Institute.
4 comments
> He once co-owned a yacht with Minister for Foreign Affairs Simon Coveney, who previously appointed him to the board of the Irish Marine Institute.
Ah here..
>Mr Hyde has acknowledged not declaring to ABP his 25 per cent share in a company – H20 Property Holdings Ltd – and certain lands but said there was no need to.
>
>In a letter on April 19th to the ABP board, Mr Hyde said the company was dormant with a “zero balance sheet” and “no monetary assets or liabilities”
That’s…. not how that works.
You don’t avoid having a conflict of interest, just because all the company’s assets are tied up in property, plant and equipment. Especially when you own 25% of that company.
The company still has assets that could represent a conflict, they are still operating, and submitted financial statements for 2021.
“Great little country”
Why was an architect appointed to the Marine Institute.