The Indian Institute of Management Bangalore (IIMB) teachers are opposing the new performance appraisal scheme recommended by HRD Ministry’s committee. The issue came up at a recent board of governors meeting. The board headed by Mukesh Ambani, chairperson and managing director of Reliance Industries Limited is still unable to evolve a consensus on how to assess a teacher’s performance in the reputed B-school.
Ajit Balakrishnan, chairperson, IIM-Calcutta, who heads the committee on faculty and research of IIMs formed by the HRD ministry, had recommended that a teacher must devote at least 160 hours of teaching a year as part of performance appraisal and compensation of faculty members.
Meanwhile, faculty members at the premier B-School have opposed the move raising the issue with institute’s director Professor Pankaj Chandra.
“The issue is still to be resolved. We are waiting for the final verdict,” said an IIMB teacher.
At a recent meeting, Mukesh Ambani, along with Professor Pankaj Chandra, and other members of the board discussed various aspects of governance of the B-school.The members also decided not to hike the fee of their flagship post graduate programme (PGP) for 2011-13.
“The institute will retain its fee structure of last year at Rs13 lakh for PGP students,” said an official of the institute.