Centre grants more autonomy to top 20 B-Schools of India
The decision regarding this was taken in the cabinet meeting chaired by Prime Minister Narendra Modi on Tuesday last. According to the new rule the 20 IIMs, unlike other Institutes of National Importance set up by an Act such as the IITs and NITs, will not have the President as their ex-officio ‘Visitor
New Delhi: The Centre, under IIM Bill, has granted statutory powers to 20 premier B-schools enabling them to award degrees instead of diplomas.
The decision regarding this was taken in the cabinet meeting chaired by Prime Minister Narendra Modi on Tuesday last. According to the new rule the 20 IIMs, unlike other Institutes of National Importance set up by an Act such as the IITs and NITs, will not have the President as their ex-officio ‘Visitor’.
The bill allows the the IIMs to have autonomy more than they currently enjoy and the government will not have a say in selecting top executives of these institutes.
What else does the bill say:
- According to the Bill, the Board of Governors (BOG) of each IIM will appoint its own chairperson. The chairperson should be an eminent person from the field of industry, education, science, technology and other such fields.
- The board will have 15 members including a nominee of the Centre, one representative of the respective state government, two faculty members and director of the concerned institute, four eminent people from the field of education, industry, commerce, social science and five persons distinguished in the field of management.
- It is mandatory for the board to have at least three of the 15 members to be women and one should be from the SC-ST community.
- The BOG chairperson will be empowered to invite any number of experts to a meeting of the Board, but they will not be allowed to vote.
- All the 20 B-schools will coordinate their functions and activities through a Coordinating Forum, which shall facilitate sharing of experiences and concerns with a view to enhance the performance of the institutes.
- Unlike the IIT Council, which is the highest decision making body of the IITs, the 33-member Forum of the IIMs will not be headed by the HRD Minister and an an eminent person shortlisted by a search-cum-selection committee will be appointed as the Forum’s chairperson for a term of two years.
- The other members of the Forum include the higher education secretary in the HRD Ministry, two state government officers looking after technical or management education, chairpersons of four IIMs, who will by nominated for two years on rotation basis, directors of all 20 IIMs and five persons of eminence of which at least one should be a woman.
- IIMs will be subjected to CAG audit to maintain the accountability.
- The BOG of each institute will be empowered to order a probe against an IIM director whose institute was not performing as per the provisions of the Act.
- The investigation will be conducted by a person not below the rank of a High Court judge.