HL Deb 15 April 1993 vol 544 c94WA
Lord Mulley

asked Her Majesty's Government:

In what respects the position of governors of schools which are insolvent differs in law from that of directors of insolvent companies which continue to trade.

Baroness Blatch

Schools in receipt of public funds are required to conduct their financial affairs in order to remain solvent and are monitored by officials in order to ensure that this requirement is met.