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HRD Minster Says IIM Governance Structure Should Change
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Human Resource Development (HRD) minister Kapil Sibal suggests changing the governance structure of IIMs.


Last Updated: 2011-04-01T02:34:19+05:30

HRD Minster Says IIM Governance Structure Should Change

Bangalore: Human Resource Development (HRD) minister Kapil Sibal, at the 36th IIM-B convocation, with great hopes from premier institutes of the country, said they have been given autonomy so they can take the institution forward.
 
As per sources, aspiring for a series of changes in administration of the institutes Sibal said that their governance structure should change. He said that boards must be more effective. He added that instead of having 20-25 members, some of whom do not participate, they should have a smaller, cohesive board. He suggested that all stakeholders should be part of it.
 
The HRD minister suggested that the director should be chosen by the board. He said that a search committee can be formed which would suggest three names that they are comfortable with. Mr Sibal added that even the selection of the chairman should be from the boards.
 
Furthermore, calling privatization a dirty word, Sibal said the UPA government does not believe in privatizing education. He pointed out, that this does not mean there should be no private involvement. But they should serve the societal purpose. Ninety per cent of our engineering colleges are run by the private sector.
 
Also, asking the IIMs and other premier institutes of the country to provide solutions to the complex problems of the country, Sibal told them that management institutions cannot stand alone. On the other hand, they should be interacting with the government, private sector, technical institutes and others.
- By Iti Agarwal
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