How IIMs’ functioning will change
The IIM Bill, passed by Rajya Sabha, gives B-schools autonomy and power to award full-fledged degrees
REGISTRATION Pre IIM-Act
Registered under the Societies Registration Act
Post IIM-Act
To be registered under an IIM Act of the Parliament
BOARD Pre IIM-Act
After a government nod under the UPA regime in 2012 for a modified Memorandum of Association (MoA), some of the older IIMs were empowered to trim the board size from over 26 to 14, appoint alumni members on the board, and decide the pay structure of staff and faculty independent of pay commissions
Of the roughly 15 members, most of the IIMs had two members each as state and central government representatives
Post IIM-Act
All IIMs now get a 19-member Board of Governors, including 1 chairperson; 4 eminent persons from education, industry, commerce, social service or public administration; 1 SC/ST nominee; 5 alumni/society representatives; 3 women members (if three women members are not there otherwise); 2 faculty representatives; 1 central govt nominee; 1 state govt nominee; and 1 director as ex-officio member
Now, state and central representation reduced to one member each, paving way for alumni, women and eminent persons
APPOINTMENTS
Pre IIM-Act
Barring a few older IIMs, for most of the IIMs MHRD directly appointed the chairman of the board
Chairman's tenure was 5 years
Barring a few older IIMs, for most of the IIMs MHRD directly appointed the director. Some of the older IIMs have autonomy to set up a search committee but eventually have to send a shortlist of three names to MHRD, which makes the final appointment
Post IIM-Act
IIMs' boards will now have sole authority to search and appoint a chairman. MHRD's say will be there in form of a board representative
Chairman's tenure is 4 years
Boards of all IIMs will now have the autonomy to set up their search committees and appoint directors as well as fix remuneration
EXPANSION PLANS
Pre IIM-Act
IIMs, especially the newer ones, are subject to MHRD for expansion of campuses into other territories
Post IIM-Act
The board will decide on campus expansions
ADVISORY BODY
Pre IIM-Act
Unlike a formal and decisive body of IIT Council, IIM directors meet informally at least once or twice a year to discuss and share ideas for governance and academics
Post IIM-Act
A 30-member Coordination Forum will be formed. It will be headed by an eminent person, apart from one MHRD representative, 2 state secretaries by rotation for one year, 4 chairpersons of IIMs by rotation for 2 years, all IIM directors; and 5 eminent persons including one woman
ACADEMIC DECISIONS
Pre IIM-Act
Boards of IIMs autonomously decide on starting a new programme or revision of fee
Post IIM-Act
While not much changes here, IIMs may have to inform MHRD on such decisions