Date: June 6, 2019
Location: Boston, MA
Miyoko Sato is speaking on the topic, “The Fate of Higher Education,” at Association of Insolvency & Restructuring Advisor’s (AIRA) 35th Annual Bankruptcy & Restructuring Conference.
Many liberal arts colleges are failing due to falling enrollment, high fixed costs and leadership that doesn’t know what to do. Government Agencies are starting to take much more interest in these colleges than before, forcing them to find an alternative or announce the closure of the college much sooner than they would like. The Board of Trustees are “in the know,” making these decisions. These Trustees have a fiduciary duty, but to whom? Is it the students, is it the professors or is it the not for profit (for those that are) sector? Can you merge or sell a college where the closure has been announced or is it an asset sale? These questions and more will be addressed by the panel.
Marjorie E. Kaufman
Getzler Henrich & Associates, LLC
Matthew A. Bruckner
Howard University School of Law
John J. Monaghan
Holland & Knight LLP