Project Eagle sale highlights downside of ‘commercial sensitivity’ secrecy

Lesson one to circumvent public transparency - insert a commercial sensitivity clause into your organisation’s raison d’être

Elaine Byrne - avatar

Elaine Byrne

18th September, 2016
Lesson One: insert a commercial sensitivity clause into your organisations raison dêtre Pic: iStock

What does the Nama sale of Project Eagle have in common with public-private partnerships operated by the National Treasury Management Agency (NTMA) and the winding down of the Irish Bank Resolution Corporation?

All three entities involve the expenditure of extraordinary sums of public money. By definition, they operate at the coalface between public and private sectors. They are the subject of extensive scrutiny. Crucially, Nama, NTMA and IBRC involve decision-making where there is a “winner”...

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