Almost half of recommendations fully implemented 2 years after LU emerged from CCAA: AG report
CTV
Laurentian University has implemented or is in the process of implementing 81 per cent of the recommendations made two years ago by the Office of the Auditor General of Ontario (OAGO).
Laurentian University has implemented or is in the process of implementing 81 per cent of the recommendations made two years ago by the Office of the Auditor General of Ontario (OAGO).
In November 2022, then-Ontario Auditor General Bonnie Lysyk issued a report detailing the circumstances that led to the 2021-2022 insolvency.
The post-secondary school filed for creditor protection in February 2021 under the Companies’ Creditors Arrangement Act (CCAA).
The 2022 report included recommendations for the school, its board of governors, the Ministry of Colleges and Universities and the Integrity Commissioner of Ontario.
In the special follow-up report released this week, the OAGO found Laurentian has fully implemented 48 per cent of the 64 recommendations directed to it, while 33 per cent are in the process of being implemented. The school has made little progress on 17 per cent of the recommendations.
In an email to the Laurentian community, president and vice-chancellor Lynn Wells said, "The progress made to date sends a clear signal that the entire Laurentian University community -- students, staff, faculty, labour partners, the Board of Governors, and the University Senate -- has come together to do the important work of implementing these recommendations."
