Waterford Institute of Technology
Waterford Institute of Technology is once again making national headlines for all the wrong reasons. At the recent Public Accounts Committee meeting representatives of WIT were questioned and in turn left more questions
unanswered. The Chairman of the P.A.C. Sean Fleming, T.D.,
Fianna Fail, called the failure to have up to date accounts for W.I.T. as “disgraceful”.
Faced with a deficit of €15m. the financial problems facing the Institute are very severe and the recent public controversies will no doubt have an impact on the morale of the staff. The Waterford Institute of Technology has been mired in controversy since the debacle of the departure of Professor Kieran Byrne five years ago. During that time we have seen several Presidents and Chairpersons come and go, with an atmosphere rather unsetttling to put it at its mildest.
The external review by the Higher Education Authority of processes within the Institute regarding structures relating to possible conflicts of interest by senior management should do a lot to clarify a deal of confusion relating to the FeedHenry saga and related companies. In particular as to who did what, and did, or did not, benefit financially from the sale.
It was made very clear that no one at the Public Accounts Committee were alleging any wrongdoing at W.I.T.
The Waterford Institute of Technology was regarded as the jewel in the crown of Institutes of Technology. However, recent events have created a culture of instability. All these issues need to be resolved so that the morale of staff, and the public at large can be set at ease and the W.I.T. restored to its former position of greatness.