Even as the Indian Institute of Management, Ahmedabad (IIM-A) awaits an approval from the Ministry of Human Resources Development (MHRD) on its revised memorandum of association (MoA), the premier B-school has called for institutes to be managed by Boards.
Commenting on the issue, Samir Barua, director, IIM-A recently said, "We have proposed a new MoA that provides autonomy to the Board of Governors to select its Chairman and Director. These institutes (IIMs) should become Board managed organisations so that the Board can be held accountable for performance delivery."
IIM-A's revised MoA has already been approved by the Government of Gujarat while the institute awaits approval from the Ministry of Human Resources Development.
When asked about IIM-A effort to reduce interference from the government, Barua said, "It is not an issue of interference. Rather, it is a matter of accountability. Plus, the Ministry had asked each IIMs to revise their MoAs and we have done so."
Meanwhile, apart from providing autonomy to the Board, IIM-A has also sought reduction in the size of its Board of Governors from 25 to 15, among other proposals under the new MoA.