Laurentian University picks firm to conduct operational review
Laurentian University has picked Nous Group to conduct its operational review.
Lou Pagnutti, LU's chief redevelopment officer, made the announcement this week on the university's webpage dedicated to restructuring news.
Laurentian declared insolvency in February under the Companies' Creditors Arrangement Act (CCAA). As part of that process, the university is changing the way it operates.
"Laurentian has engaged Nous Group to conduct a thorough operational and governance review of the university," Pagnutti said in the statement.
"Its purpose is to make recommendations for improving the operational structure and function of the university, as well as governance at the board and senate."
In August, Laurentian issued an RFP to identify potential firms to conduct the work, receiving three bids. But those bids were deemed "not best-suited" for the job "due to issues related to conflicts of interest or requisite qualifications," Pagnutti wrote.
"This provided the university with the opportunity to reach out directly to several highly qualified firms that could conduct the review," he said.
"After reviewing the additional proposals, the university concluded that Nous was the most appropriate firm to effectively complete this work."
Pagnutti said Nous is a leading management consultancy with a proven track record in the higher education sector, including working with many Canadian universities.
"In keeping with the commitment to conduct the review in an independent manner, Nous is reporting directly to myself and the court-appointed monitor," he said.
Work began last week, Pagnutti added, and is expected to take two months, with recommendations to follow.
"Completing this review is an important and exciting step in charting a sustainable path forward for the university — and one that is aligned with peer institutions," he said.
"I am confident it will allow the university to ensure the appropriate governance and operational frameworks are in place now and in the future."
CTVNews.ca Top Stories
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Thieves use stolen forklift to rip cash machine out of U.K. bank
Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
'There was a lot of black smoke': Crane operator sounds alarm while trapped during highrise fire in Halifax
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.