Registration
Board
Appointments
Expansion Plans
Advisory Body
Academic Decisions
Pre-IIM Act
Post IIM Act
Registered under the Societies Registration Act.
To be registered under an IIM Act of the Parliament.
Pre-IIM Act
Post IIM Act
Board
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.
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.
Pre-IIM Act
Post IIM Act
Appointments
Chairman's tenure was 5 years
Chairman's tenure is 4 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.
Boards of all IIMs will now have the autonomy to set up their search committees and appoint directors as well as fix remuneration.
Pre-IIM Act
Post IIM Act
Expansion plans
IIMs, especially the newer ones, are subject to MHRD for expansion of campuses into other territories.
The board will decide on campus expansions.
Pre-IIM Act
Post IIM Act
Advisory Body
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.
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.
Pre-IIM Act
Post IIM Act
Academic Decisions
Boards of IIMs autonomously decide on starting a new programme or revision of fee.
While not much changes here, IIMs may have to inform MHRD on such decisions.