MOWBRAY College’s board could be sued if an investigation reveals the school was trading while insolvent. Administrator Jim Downey warned the board members would “be accountable in some way”.
An investigation by the Victorian Registration and Qualifications Authority found Mowbray did not meet its governance and financial management standards. Director Lynn Glover said the review, which began on March 2, was triggered by a high turnover of principals and board directors.
Click on the image below for our gallery of Mowbray College’s last day.
Mr Downey was scathing about the financial acumen of the board. “You would think you would have experienced administrators on boards,” he said.
“I think what we’ve had here is a bunch of parents, I called them well-meaning amateurs and I mean it. I just think they were totally out of their depth.”
Mr Downey said despite suggestions a financial ‘white knight’ could save the college, the decision to close could not be reversed.
It would remain open to VCE and International Baccalaureate students until the end of the term.
-Jewel Topsfield/The Age
