Aer Rianta flies into a different time zone

THE clock has stopped on Aer Rianta, but the chairman of the departing board, Mr Noel O’Hanlon, decided to spend €45,000 on five board members in the form of a €9,000 Cartier watch for each.

Perhaps this seems a little extravagant, though Aer Rianta has been a profitable state asset.

However, from a ‘corporate governance’ point of view, I feel that his judgement was flawed. He either did not care or did not realise how this largesse was going to be perceived.