€4m-a-year business school plan

Proposals to raise €4 million a year through philanthropic donations to build facilities for a new school of business at University College Cork are contained in a strategy plan drawn up by a team of UCC professors.

And plans to split UCC’s College of Business and Law into a school of law and a school of business have yet to be presented to its board of governors despite a schedule that the board of the school of business should start functioning as soon as next September.

The six heads of department at the College of Business and Law’s new strategy was developed in secret without consulting other senior academic personnel in the college, and is generating intense debate on campus.

The policy document has been circulated to academics in recent days but is not on the agenda of tomorrow’s board of governor’s meeting. UCC president Michael Murphy has commissioned a separate report on the future of the college of business and law.

The academics want to set in motion a “philanthropic campaign to build a new generation campus” with a goal of raising €4m a year for a new school of business.

It is envisaged the school of business will generate net extra revenue of €4.5m a year by recruiting an “additional cadre of 300 international business students” paying a minimum of €15,000 a year, with a dividend of €1.35m going to UCC central funds.

The proposals from the heads of department at the college of business and law, Prof Ciaran Murphy, Prof Conall Fanning, Prof Neill Collins, Prof Ursula Kilkelly, Prof Michael Ward and head of the department of management and marketing Dr Joan P Buckley, are contained in a 17-page document The Future of Business and Law at UCC.

The document, seen by the Irish Examiner, recommends that the new schools of business and law will operate under the college of business and law as separate autonomous but interlinked schools with specific organisational structures and a college council.

“Business and law at UCC need to be able to operate in a manner that is responsive to our respective external needs and requirements, as these can be significantly different and any governance must be designed accordingly,” the document states.

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