The Council submit the following Graces to the Regent House. These Graces, other than any which is withdrawn or for which a ballot is requested in accordance with the regulations for Graces of the Regent House (Statutes and Ordinances, p. 105), will be deemed to have been approved at 4 p.m. on Friday, 29 July 2005.
1. That a Judge Management Education Trust M.B.A. Prize for Management Analysis be established in the University to be governed by the following regulations:1
1. The sum of £5,000 given to the University in 2004 by the Judge Management Education Trust shall form a fund, the income of which shall be used to provide a prize called the Judge Management Education Trust M.B.A. Prize for Management Analysis.
2. The Prize shall be awarded by the Director of the M.B.A. course for the best performance in Management Analysis in any one year. In awarding the Prize the Director shall take account of the reports of the teaching officer responsible for the delivery and assessment of the Management Analysis course or its successor course(s).
3. The value of the Prize shall be determined by the Faculty Board of Business and Management, within a range approved from time to time by the Council.
4. If in any year the Prize is not awarded, the income of the Fund for that year shall be added to the capital of the Fund.
2. That an Industrial Management Endowment Fund be established in the University to be governed by the following regulations:2
The income of the Industrial Management Endowment Fund shall be applied at the discretion of the Director of the Judge Business School for the general purposes of teaching and research in the School.
3. That the Schedule to the College Accounts (the form of the Recommended Cambridge College Accounts, Statutes and Ordinances, p. 909) be amended as set out in the Council's Notice of 18 July 2005 (p. 966).
4. That the recommendation in paragraph 8 of the Joint Report of the Council and the General Board, dated 20 and 8 June 2005, on changes to the duties of the Information Technology Syndicate and the University Computing Service (Reporter, p. 880) be approved.
1 See the Vice-Chancellor's Notice, p. 966.
2 This fund has hitherto been administered informally. It is proposed to establish the fund on a formal basis.