Moriah College board faces challenges over academic results and fraud

School has tried to allay parents’ concerns by enlisting Steven Lowy, son of billionaire Frank, to advise on debt and fundraising

BUSINESS LEADERS ARE JOSTLING for spots on the board of one of Sydney’s most exclusive schools amid parent dissatisfaction over HSC results, fallout from a $7.3 million fraud and doubt about the school’s ability to raise $81 million for a redevelopment when it’s still $25 million in debt.

The president of Moriah College – which charges up to $36,000 a year and has the elite of Sydney’s corporate world among its alumni and parents – has tried to allay concerns by enlisting former Westfield chief executive Steven Lowy, son of billionaire Frank, to advise on debt and fundraising, and the principals of Queenwood and Cranbrook schools to help lift its academic results.

FULL STORY Moriah College: Eastern suburbs school board crisis over falling results, fraud, debt (SMH)