Shri Kapil Sibal was the Chair for the meeting held today with Chairpersons and Directors of the Indian Institutes of Management (IIMs) on the future prospective of the IIMs and the required steps that are required to achieve them. Sibal mentioned that support has been provided by HRD ministry for enabling autonomy amongst IIMs such as creating posts in consensus with norms, independence to open centres in India and abroad, authority to acquire and dispose property not fully or partially funded by the Ministry of HRD, powers to approve their own budget and so on. He empahsised that autonomy should go hand-in-hand with accountability.
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). A decision taken on the second report of the Committee on Faculty and Research at the IIMs, chaired by Ajit Balakrishnan, Chairman of IIM-Calcutta, it entailed 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. Other decisions entailed use of technology extensively in classroom teaching and it will now required of the faculty members to submit their work plans at the beginning of the year.