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The Centre on Monday approved the process for constituting new Boards of Governors for 20 Indian Institute of Management (IIMs) as per the IIM Act 2017.
“The process of constitution of Boards for the IIMs, which have been given full powers for running the institutions, is a major development which signals complete autonomy of quality institutions in higher education and will ensure quality expansion of higher education,” said Prakash Javadekar, Minister for Human Resources and Development.
The process, as laid down in Section 10 of the Act, will be kicked off with the three ex-officio members selecting a Chairperson. The selected person shall normally be the current Chairperson and will be given the full term under the new Act (except where there are issues of ineligibility), according to an official release.
Then on, the Chairperson will lead the process of constitution of the Boards. The Board, consisting of a Chairperson and ex-officio members, will then co-opt five alumni from each of the IIMs, who will normally be the current serving members.
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