EREA new governance structure
Edmund Rice Education Australia has advised it will adopt a new incorporated governance structure EREA Ltd from 2023.
The new structure has been created in response to a renewed commitment to governance.
EREA Ltd Parent Entity will be a company limited by guarantee with four subsidiaries. Together, EREA Ltd and its subsidiaries will be responsible for the continuation of the mission of a Catholic education in the Edmund Rice tradition. The four subsidiary boards each have a distinct function and a Board of Directors with specific expertise. The governance arrangements will be as follows:
- EREA Flexible Schools Ltd will oversee 21 flexible learning centres across metropolitan, regional, and rural Australia.
- EREA Colleges Ltd will oversee the mainstream colleges and early learning centres across Australia outside Victoria.
- EREA Victorian Schools Ltd will govern five Victorian colleges and one Flexible Learning School to ensure that the specific regulatory requirements of Victoria are met in a targeted manner.
- EREA St Kevin’s College Ltd will provide local governance oversight to St Kevin’s College, Melbourne, strengthening specific governance and accountability requirements.