To counter the high costs, he suggested putting the decision-making process on hold to allow a report and business case to be prepared on the potential for using an existing slipway at Wig Bay - four miles out of the town.

BBC: Stranraer slipway cost concerns surface

As part of its mid-term strategic initiatives announced in April 2012, Sony identified resource optimization as one of the key initiatives for transforming its electronics business and Sony has since been progressively implementing various structural reform measures to optimize costs, streamline its overall organization, accelerate decision-making processes and establish firm foundations for sustainable future growth.

ENGADGET: Sony restructuring in Japan: camera lens plant to close with loss of 2,000 jobs

When institutional operations are not transparent, it can increase transaction costs, reduce the efficiency of public services, distort the decision-making process and undermine social values.

UNESCO: Accountability

"We see no instance where a decision-making person or group of people sat there aware of safety risks, aware of costs, and opted to give up safety for costs, " Mr Bartlit said in his presentation.

BBC: Oil spill: BP 'did not sacrifice safety to save money'