
ALT Image with text reading: In the aftermath of Laurentian University’s file for CCAA protection (otherwise known as bankruptcy), the Auditor General of Ontario undertook a detailed analysis and investigation and found that Laurentian’s Board of Governors was ‘ineffectual’ and ‘lacked key operational and governance oversight practices and expertise’ (p.5). In their recommendations, they provided several suggestions to Laurentian specifically, but also noted that other universities might benefit from their implementation. One that strikes a chord for us at SMU is their suggestions related to legal counsel: -assess the costs and benefits of engaging external legal counsel and, -hire an in-house counsel who is able to address the more frequent legal matters We FOIPOP’ed our external legal expenses over the past 5 yrs, learning that we have spent nearly $1.5M.























