(ix) Two prominent business executives of the Province to be nominated by the Patron Members
(x) Two prominent educationist of the Province to be nominated by the Patron Members
(xi) Two prominent citizens to be nominated by the Patron Members
(xii) Two Professors or Associate Professors nominated by the Chairman Members
(xiii) One member of the Registered Graduates of the Institute elected from amongst themselves Members
(2) The members, other than ex-officio members, shall hold office during the pleasure of the patron and unless removed earlier shall hold office for three years commencing from the date of the first meeting of the Board.
(3) A member other than ex-officio member shall cease to hold office if he does not attend three consecutive meeting of the Board without any valid reason.
(4) The meetings of the Board shall be presided over by the Chairman or in his absence by one of the members to be elected by the Chairman or in his absence by one of the members to be elected by the members present.
(5) The Board shall meet at least twice a year on the dates to be fixed by the Director in consultation with the Chairman.
(6) The quorum for a meeting of the Board shall be one-half of the total number of members, a fraction being counted as one.
(7) The decisions of the Board shall be expressed in the terms of the views of the majority of the members present and voting and in case of tie, the person presiding the meeting shall have and exercise a casting vote.
- Powers and functions of the Board.–(1) The Board shall be the policy formation and executive body of the Institute and shall, subject to the provisions of this Act and the rules, exercise general supervision over the affairs of the Institute.
(2) In particular and without prejudice to the generality of the foregoing provisions, the Board shall have the powers:–
(i) to exercise overall control over the Institute;
(ii) to appoint the teachers and other officers/staff of the Institute in BPS-16 and above and to determine the terms and conditions of their services;
(iii) to cause proper books of accounts to be kept for all sums of money received and expended by the Institute and for assets and liabilities of the Institute.
(iv) to consider and approve the budget estimates, annual research programmes, annual reports and audited statements of accounts of the Institute.
(v) to re-appropriate funds from one major head of expenditure to another;
(vi) to enter into, vary, carry out and cancel contracts on behalf of the Institute;
(vii) to institute professorships including Professor Emeritus, associate professorships, assistant professorships, lecturerships and other administrative posts and to appoint persons thereto on the recommendation of the Selection Board;
(viii) to receive and manage property transferred and grants bequests, trusts, gifts, donations, endowments and other contributions made to the institute and to invest any fund representing such property, grants, bequests, trusts, gifts, donations, endowments or contributions in such manner as it may deem fit;
(ix) to prescribe terms and conditions of teaching and non-teaching employees of the Institute, including their qualifications, experience and eligibility for appointment;
(x) to delegate any of its powers to the Director or a committee appointed by the Chairman of any other officer excepting the power of approval of budgetary estimates;
(xi) to approve appointments of members of the various Boards in accordance with the provisions of the Act.
(xii) to appoint auditors for the annual audit of the accounts of the Institute;
(xiii) to suspend, punish and remove from service in the prescribed manner employees appointed by the Board.
(xiv) to frame rules as are necessary for carrying out the purposes of this Act;
(xv) to regulate, determine and administer all other matters concerning the Institute and to this end exercise all other powers in this behalf not specifically mentioned in this Act.
- Academic Board.–(1) The Academic Board shall consist of the following:–
(i) The Director of the Institute Chairman
(ii) All professors of the Institute (including professor emeritus). Members
(iii) Three Associate Professors of the Institute to be nominated by the Board on the Recommendation of the Director for three years. Members
(iv) One Assistant Professor of the Institute to be nominated by the Board on the recommendation of the Director for three years Member
(v) Two experts in Business Administration/Computer Science/related disciplines to be nominated by the Board of Governors on the recommendation of the Director for three years Members
(2) The Academic Board shall be responsible for all academic matte including courses, syllabi, examinations, degrees, diplomas and certificates an matters connected therewith.
(3) The meetings of the Academic Board shall be held as frequently possible, but not less than twice in a year.
(4) The quorum of a meeting shall be one-half of the total number c the members.
- The Selection Board.–(1) All appointments on posts of BPS-16 at above shall be made by the Board on the recommendation of the Selection Board consisting of the following:–
(i) The Director Chairman
(ii) The Chairman or a nominee of the Sindh Public Service Commission. Member
(iii) One member of the Board to be nominated by the Board for three years Member
(iv) Two eminent business men to be nominated the Patron for three years Members
(v) Two experts in the field of business administration to be nominated by the Board for three years. Members
(2) Four members shall form the quorum for a meeting of the Selection Board.
- funds and Reports.–(1) The Institute shall have a Fund to which shall be credited all grants made by any Government or contribution and donations made by individual, local bodies, organizations or agencies and income from fees received, sale proceeds and royalties on publications and such other sources as may be approved by the Board.
(2) No expenditure shall be made from the funds unless a bill for its payment has been audited by the Audit Officer of the Institute in accordance with the rules made under this Act.
(3) The Accounts of the Institute shall be maintained m such form and manner as may he prescribed and shall be audited once a year by an auditor appointed by the Auditor General of Pakistan.
(4) The Annual Statement of Accounts and audit report thereon shall be submitted by the auditor for consideration of the Board.
(5) The Institute shall furnish to Government each year a report on annual audited accounts a report on the activity of the Institute during the preceding year and such information relating to its activities as may be asked for by the Government.
- Removal of difficulties.–If any difficulty arises in giving effect to any of the provisions of this Act, the Controlling Authority may, on the recommendations of the Board give such directions, not inconsistent with the said provisions, as it may consider necessary for the removal of such difficulty.
- Repeal and Savings.–(1) The Statutes to establish the Institute of Business Administration by the University of Karachi under section 28(1)(g) of the University of Karachi Act, 1972 are hereby repealed.
(2) Notwithstanding the repeal of the said Statute everything done, actions taken, obligations or liabilities incurred, rights and assets acquired, persons, appointed or authorised jurisdiction or powers conferred, endowments, bequests, funds or trusts created, donations or grants made privileges granted or the Regulations and the Rules made or deemed to have been made thereunder and all resolutions passed by the previous Boards of Governors shall, if not inconsistent with the provision of this Act, be continued, and, so far as may be deemed to have been respectively done, taken, incurred, acquired, appointed, authorised, conferred, created, made, instituted and granted under this Act.
- Repeal.–The Institute of Business Administration Ordinance, 1994 is hereby repealed.