The proposal has been mooted by a government-appointed committee, headed by former Maruti Udyog chairman and IIM-Ranchi board chairman RC Bhargava.
The teaching fraternity of the Indian Institute Management Bangalore (IIMB), on Thursday debated the pros and cons of recommendations made by the government-appointment RC Bhargava committee, which had already raised a lot of controversy in the premier B-schools in the country.
Prof Pankaj Chandra, director of IIMB and Prof Trilochan Sastry, dean (academics), IIMB also attended the meeting.
As part of one of its recommendations, the committee had put up a proposal to allow all IIMs to put their managing society membership on sale. “The meeting was inconclusive. Further discussions are likely to take place,” said a senior official of IIMB, declining to comment further.
The proposal has been mooted by a government-appointed committee, headed by former Maruti Udyog chairman and IIM-Ranchi board chairman RC Bhargava.
The other members were Pankaj Chandra, IIM Calcutta director Sekhar Chaudhuri, IIM Kozhikode director Debashis Chatterjee and Subhash Dhar, a board member of IIMB.
The committee has recommended collection of substantial donations from corporate institutions and alumni to be appointed as members of the IIM society. The panel suggested that the membership fee for corporate bodies be Rs20 crore, ex-students Rs3 crore and other individuals Rs5 crore.
However, IIM teachers have raised concern over their managing society seats going on sale. Teachers feel that it would have disastrous effect on the credibility of IIMs as independent bodies. Recently, the faculty members of IIM-Calcutta had strongly opposed the recommendations to put their managing society seats on sale.
The panel has suggested “suitable ways of recognising the donations”, such as naming buildings after donors. However, the teachers of IIMs feel that this would lead to backdoor entry of students into the top-B schools of the country.
The panel has also proposed to replace the director’s post with that of CEO. The faculty members of IIMs have also expressed reservation to the point made by the panel that makes it mandatory for professors to devote 160 hours for teaching every year.
The meeting also deliberated issues regarding grading of faculty members of IIMB on the basis of their performance.
Each IIM is registered as a society, with members who are nominated by the government and may change from time to time.
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