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REPORTS

Report of the General Board on the re-establishment of the Beckwith Professorship of Management Studies

The GENERAL BOARD beg leave to report to the University as follows:

1. In 1996 the General Board accepted a case from the Management Studies Syndicate that, in order to foster the development of the Judge Institute of Management Studies as a centre of international excellence, and to provide the necessary senior leadership for the core disciplines within the field of management, there was a need for additional senior appointments in the Institute. The Board accordingly agreed, in the light of a recommendation from the Syndicate, to recommend the establishment of a Professorship, the holder of which would be expected to make a major contribution to building up the Institute's research activities as well as providing leadership for the Institute's academic work in marketing and strategy.

2. The Management Studies Syndicate also proposed that the cost of the Professorship should be a charge on the sum of £1m, earmarked for the development of Management Studies, which was part of Mr Peter Beckwith's benefaction of £5m to the Cambridge Foundation in 1991-92. In their Report on the establishment of a Beckwith Professorship of Management Studies (Reporter, 1995-96, p. 794), however, the Board agreed to propose that, since the funds available at that stage were less than the full cost of the permanent endowment required for a Professorship, the Professorship should be established for a single tenure in the first instance.

3. Professor G.S. Yip was appointed to the Professorship with effect from 1 September 1998 but has resigned from the University with effect from 31 December 2000. The Management Studies Syndicate have proposed that the Professorship should be re-established on a permanent basis. The General Board have ascertained that there are now sufficient funds to support the permanent endowment of the Professorship and have therefore agreed to support the permanent re-establishment of the Professorship.

4. The General Board accordingly propose that the Beckwith Professorship of Management Studies be re-established in the University from 1 January 2001 and assigned to the Judge Institute of Management Studies. The Board are assured that an appointment at this level will attract a strong field of well-qualified candidates; they have agreed to concur in the view of the Management Studies Syndicate that an election to the Professorship should be made by an ad hoc Board of Electors, and that candidature should be limited to persons whose work falls within the general field of marketing, including elements of business strategy.

5. The General Board recommend:

I. That the Beckwith Professorship of Management Studies be re-established from 1 January 2001, placed in Schedule B of the Statutes and assigned to the Judge Institute of Management Studies.

II. That regulations for the Professor, as set out in the Schedule to this Report, be approved.

12 June 2000

SCHEDULE

Beckwith Professor of Management Studies. 1996. Management Studies

1. The sum of £1,000,000 received from Mr Peter Beckwith for the support of a Professorship of Management Studies shall form a fund called the Beckwith Management Studies Fund.

2. If and whenever the income of the Fund shall exceed the amount required for the payment of the stipend, national insurance, and pension contributions of the Professor payable by the University, the excess of the income over that amount may be applied to meet the cost of the work of the Professor in such manner as may be approved by the General Board on the recommendation of the Director of the Judge Institute of Management Studies.

3. Any unexpended income in a financial year may be expended in accordance with Regulation 2.

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Cambridge University Reporter, 26 July 2000
Copyright © 2000 The Chancellor, Masters and Scholars of the University of Cambridge.