• News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Joka Faculty Against Society Seat Sale

Photo Credit :

Teachers at the Indian Institute of Management Calcutta have joined hands to oppose a proposal to allow all IIMs to put their managing society seats on sale.

At a meeting on the Joka campus on Friday, the teachers decided to pass a resolution to voice their resentment at not being consulted by the panel before the proposal on such a "critical" issue was finalised. "The minutes were finalised in October and we were not even informed… This is unacceptable," said a senior professor of the B-school.

The proposal has been mooted by a government-appointed committee, headed by former Maruti Udyog chairman R.C. Bhargava. The other members were IIM Bangalore director Pankaj Chandra, IIM Calcutta director Sekhar Chaudhuri, IIM Kozhikode director Debashis Chatterjee and Subhash Dhar, a board member of IIM Bangalore.

The panel suggested that the membership fee for corporate bodies be Rs 20 crore, for ex-students Rs 3 crore and for other individuals Rs 5 crore.

A teacher said the system of inducting members against donations would have disastrous effects on the premier B-schools.

The panel has suggested "suitable ways of recognising the donations", such as naming buildings after donors.

"But this is just the official position. Going by the track record of various private schools, one can be certain that such donations would result in back-door entry of students," said a professor.

About the panel's proposal to replace the director's post with that of CEO, faculty members said the move would lead to lack of regulation.

IIMC faculty members will prepare a "position paper" in an attempt to prove "point by point" why the panel's proposals are unacceptable.

A similar paper was drawn up during the controversy over the Centre's proposal to the IIMs to cut their fees.

(The Telegraph)