1 part executive summary report on public sector agencies june 2002 3 major findings education and training pages 13 72 operations of university subsidiary entities joint ventures at 31 december 2001 victoria s 8 universities operated a total 91 participated in 16 associated 11 33 other commercial arrangements significance paras 2 to it is important that appropriate corporate governance principles are place all guide them performing their role the oversight entity 12 18 were operational during 25 37 per cent reported an operating loss for year 23 net cash outflows from activities 14 19 had negative working capital position end 32 case studies selected victorian outcomes offshore have been mixed ranging failed business venture as experienced by rmit involvement with adorna institute technology malaysia
