Education News
IIMs can now open centres outside the country - Sibal
14-Oct-2010
A meeting was held today under the chairmanship of Human Resource Development (HRD) Minister Kapil Sibal with the Chairpersons and Directors of the Indian Institutes of Management (IIMs) on the future vision of the IIMs and the necessary steps to be taken to achieve them.
Sibal informed the members that in the last one and half year a number of steps have been taken by the HRD ministry to provide autonomy to the IIMs.
Some of these include full powers to the Boards of IIMs to create posts within the approved norms, freedom to open centres in India and abroad, amend rules of the IIM within the framework of Memorandum of Association and Rules, power to acquire and dispose property not fully or partially funded by the Ministry of HRD, powers to approve their own Budget, and also to manage the funds generated by the IIMs on their own.
However, he said that autonomy should go hand in hand with accountability; in that the faculty, the director and the Board should take steps to prepare annual action plans and key performance indicators at each level and be fully accountable and transparent.
The meeting considered the reports of Committees constituted in the last meeting in Bangalore on certain key issues. Discussions were held on the report of the Committee constituted to recommend a new Governance Structure for IIMs (chaired by Shri R.C. Bhargav, Chairman BOG- IIM Ranchi).
An official press release on Wednesday said that, "it was decided that the number of Board Members of IIMs would be reduced to 14. It also discussed the composition and selection of the Boards of governors with adequate membership to the Society of the IIM, the government, the faculty and the alumni."
"It was also decided that the IIM societies should have long term members who take continuous interest in the running of the IIMs. It was also decided, in principle, that Directors of IIMs will now be appointed through a process wherein the Board of Governors of the IIMs suggests three names to the Government from which the Government chooses one," the press release added further.
On the second report of the Committee on Faculty and Research at the IIMs, chaired by Ajit Balakrishnan, Chairman of IIM-Calcutta, it was decided that the IIMs can top up the salaries of their Directors also in addition to the faculty from the funds generated by them on their own.
It was also decided that the faculty members would give individual work plans at the start of the year. The recommendations of the Committee regarding use of technology in IIMs were accepted and the Minister directed that old and new IIMs sit together to streamline the use of technology for class scheduling, attendance, mark compilation etc.
On the recommendations of the Committee on Fund Raising by IIMs (chaired by Hari S. Bhatia, Chairman of IIM-Raipur), it was decided that the IIMs have a development office especially for the purpose, each IIM have a fund raising policy and thereafter to have road shows. A two-day workshop will be conducted on the subject of collecting endowments for institutes.
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