Your browser is not supported for the Live Clock Timer, please visit the Support Center for support.

IIMs get autonomy, power to grant degrees        

 

Indian Institute of Management Kozhikode (IIMK) welcomes the passing of Indian Institute of Management (IIM)  Bill by Rajya Sabha

One of the premium management institutes in India, Indian Institute of Management Kozhikode (IIMK) welcomes the passing of Indian Institute of Management (IIM) Bill by Rajya Sabha. The IIM Bill was passed on December 19, 2017. The IIM Bill grants functioning autonomy and restricts the role of Government in appointing directors and faculty members. The Bill will become an Act once the President signs it, making 20 Indian Institutes of Management (IIMs) as Institutes of National Importance with power to grant degrees to their students.

The Boards of the Institutes are proposed to be vested with full sovereignty including the power to appoint the Chairperson as well as the Director which earlier used to happen via the appointments committee of the cabinet, chaired by the prime minister. The authority to review the performance of the Institutes, including its faculty, on the parameters of long term strategy and rolling plans of the Institutes through an independent agency or group of experts also vests with the Board. The Board will be the principal executive body of each institute responsible for the affairs of the Institute to act as per the regulations framed by it and will not need any Government approval.

The Board will constitute of:

    • Chairperson of the Board to be appointed by the Board (for 4 years)
    • Board appointees: 4 eminent persons from education, industry, commerce, social service or public administration; 1 SC/ST nominee; 5 Alumni/society representatives; 3 women members, in the absence of three women – 2 faculty representatives  by Chairperson as per procedure made by Board, 1 Central Government nominee, 1 state Government nominee, Director ex-officio member

 

To ensure uniformity across IIMs, the Bill provides a “Coordination Forum of IIMs” to discuss common issues. This will be an advisory body with limited powers. It will comprise of 33 members and be headed by an “eminent person.”

 

Prof. Kulbhushan Balooni, Director (In-charge), IIM Kozhikode said, “This is great news for IIM Kozhikode and the Bill moves us to achieve global levels of excellence. The functional autonomy empowers us to expedite and compete with the international institutes. The bill will enable us to provide high quality management education and promote allied areas of knowledge as well as interdisciplinary studies.”

Prof. Debabrata Chatterjee, Dean (Academic) at IIMK said, “We at IIMK welcome the IIM Bill as it has addressed the concerns about preserving IIM autonomy. This is an excellent move which will help IIMs to match up to the practices followed in top global institutes.”

Prof. C. Raju, Dean (Administration & Development) opined that, “IIMs now have to be much more proactive and assume greater responsibilities. Greater autonomy will certainly take IIMs to new heights”.

IIM Bill 2017 grants “complete autonomy to IIMs, combined with adequate accountability“. This means the periodic review of the performance of these institutes by independent agencies is on the anvil, results of which will be put in the public domain. As part of the greater accountability, the annual report of the IIMs will be placed in the Parliament and CAG will audit their accounts.

The move has got go ahead from management and students of the Indian Institute of Management Kozhikode (IIMK) as the standardization move will put its students on par with degrees awarded by other reputed global business schools.

About Indian Institute of Management, Kozhikode

Started in 1997 with its Postgraduate Programme (PGP), the Indian Institute of Management Kozhikode (IIMK) is on a high growth trajectory today, offering widest range of academic programmes in the field of management education. These include Fellow Program in Management, Executive PG Programs, Management Development Programs and Faculty Development Programs. IIMK set up a Satellite campus at Infopark, Kochi, in 2013 dedicated to Executive Education.

More News from Education

Renji Panicker to release first look teaser of ‘Oru Canadian Diary’

CNM Movie Reporter Debut director Seema Sreekumar who is the granddaughter of poet Kunhiraman Nair,directs the movie Actor-director Renji Panicker will release the first look teaser of ‘Oru Canadian Diary’, directed by debut director Seema Sreekumar under the banner of Sreem Productions, on his official Facebook page at 6 pm on October 14. The movie’s […]

Bollywood actor Saif Ali Khan as Ravana in Prabhas movie Adipurush

Bollywood actor Saif Ali Khan will play the role of Ravana in Prabhas’ movie Adipurush, which is being prepared by Om Rout based on the Ramayana story. This is the first time Prabhas and Saif Ali Khan have teamed up. Prabhas made the announcement on his social media account. Prabhas shared the poster saying that […]

The suspense is over; Prabhas’ new romantic movie ‘Radhe Shyam’ arrives with its First look

  CNM Reporter    The much awaited new movie of Prabhas has been announced.  The name of the new movie is Radhe Shyam.  The movie team revealed the name alongside its first look.  Fans had been  waiting for the movie starring Pooja Hegde and Prabhas.  Prabhas and Pooja have released a romantic picture together in the first look.  It was […]

Recent News

Education

NEET UG Result; Kerala girls got two ranks; CM Pinarayi congrats winners

October 17, 2020

Ayesha’s dream is to study MBBS at AIIMS Delhi. Two Kerala girls got top ranks in the NEET UG examination 2020. Ayesha S of Koyilandi in Kozhikode secured first rank in Kerala.She got 12 rank in All India by securing  710 marks. Lulu of Nenmara in Palakakd came second with 706 marks.  Both got the results  in their second […]

NEET-UG 2020 result on Oct 16;one more test on Oct 14 for absentees due to Covid-19

Students who missed the test of September 13 can take the test on October 14.The NEET UG 2020 result will be out on October 16. The Supreme Court on Monday allowed NEET test to be conducted on October 14 for students who missed the exam on September 13 due to COVID-19 or due to being stuck […]

October 12, 2020

“We need to acquire skills to find opportunities even in crisis” – Gopinath Muthukadu

Magician  and motivator, Gopinath Muthukadu shared his views that students should acquire the skills to find their opportunities for attaining excellence even in the crisis. He was speaking as a special guest at the inaugural function of the students’ skills development program called Edu Mission conducted by Kozhikode District Administration in association with the Department of […]

October 8, 2020

More News