A high-level delegation from the University of Exeter visited IIM Bangalore on November 17, 2011, to formalize and take forward the collaborative partnership between the two institutions. The University of Exeter delegation, led by Professor Sir Steve Smith, Vice-Chancellor & Chief Executive and Professor Robin Mason, Dean of the University of Exeter Business School formalized an MoU with IIM Bangalore and reviewed the progress of ongoing research and education exchange in areas of mutual interest, which include Corporate Governance and Corporate Social Responsibility (CSR), Service Management; Entrepreneurship and Innovation, Sustainability, Economics and Heath Care.
As part of the wide-ranging partnership, IIMB and Exeter are working together in the areas of collaborative research, bilateral faculty and student mobility, mutual exchange of information and experiential learning, participation in publication, seminars, conferences, lectures and related activities.
On the occasion of the formal MoU signing ceremony, Professor Pankaj Chandra, Director IIMB said, "It is encouraging to observe the progress that IIMB and Exeter have made in a short period of time. Joint faculty projects in the areas of corporate social responsibility and service process management are underway, and we have already begun student as well as faculty exchange. The collaboration is stimulating keen interest amongst the IIMB community. Today's meetings have further strengthened academic links between India and the UK."
Professor Sir Steve Smith, Vice-Chancellor and Chief Executive of the University of Exeter said: "The University of Exeter and Indian Institute of Management Bangalore are combining their expertise to help shape the future of business and management in both countries. Academics from the University of Exeter Business School are working with IIMB to assess how health care services can be improved, to understand how decisions are made in business and to analyse the lives, networks and experiences of the directors of Indian companies. This official agreement paves the way for a very exciting future of working together."
Some of the projects and activities already in progress include:
- A joint proposal for UK India Education and Research Initiative (UKIERI 2) funding to look at issues around corporate governance and the training of non-executive directors of Indian companies.
- CSR Education and Research Project, which aims to develop teaching and learning resources for business ethics and corporate social responsibility. CSR is expected to be very high on the agenda of India's Ministry of Corporate Affairs.
- Joint research is also being undertaken comparing the delivery of healthcare services in India and the UK.
- IIMB students have participated in Exeter's international summer school in 2010 and 2011.
The visit of the University of Exeter team to IIM Bangalore culminated in a mutual agreement to explore expansion of the collaboration in the areas of split doctoral studies, executive education and programme delivery & development.
About the University of Exeter
The University of Exeter is a leading UK university and in the top one percent of institutions globally. It combines world-class research with very high levels of student satisfaction. Exeter is ranked 9th in The Sunday Times University Guide, 10th in the UK in The Times Good University Guide 2012 and 11th in the Guardian University Guide 2012. In the 2008 Research Assessment Exercise (RAE) 90% of the University's research was rated as being at internationally recognised levels and 16 of its 31 subjects are ranked in the top 10, with 27 subjects ranked in the top 20.
The University has over 17,000 students and is developing its campuses in Exeter and Cornwall with almost £350 million worth of new facilities due for completion by 2012.
About IIM Bangalore
Established in 1973, the Indian Institute of Management Bangalore (IIMB) today offers a range of post-graduate and doctoral level courses as well as executive education programmes. IIMB Centres of Excellence are engaged in adding value to their communities in the areas of Public Policy, Capital Markets & Financial Management, Corporate Governance, Entrepreneurship, Software and Supply Chain Management, to name a few. In June 2010 IIMB obtained the European Quality Improvement System (EQUIS) accreditation awarded by the European Foundation for Management Development (EFMD). With a faculty body from amongst the best universities worldwide, IIMB is a leader in the area of management research, education and consulting.