IIM-Shillong is all set to become the first management institution in the country, and the second in the world, to offer a programme blending business management and law. According to officials, it will launch the course in collaboration with the National University of Juridical Sciences-Kolkata (NUJS-K) from July this year.
An institute in Germany is the only other educational institution in the world that provides a course hybridising law and management, said programme chairman Prof DK Agarwal.
The PG executive diploma programme will have 30 seats, and the institute is in the process of working out the fee component. Like other executive programmes, this one will also require work experience. A formal advertisement for the course will be published in May.
The initial period of the 15-month course will be devoted to courses on law and management, and the last few months will stress on synchronisation of law and management. While teachers from the NUJS-K will teach subjects pertaining to law, IIM-S faculty will handle the management side of the syllabus.
Stating that the course will strive to meet futuristic requirement of the corporate sector, Agarwal said the institute’s broader objective was to innovate on new fronts.
“This course will provide managers with a working knowledge of the law, especially that pertaining to businesses. During our discussions, we realised this course could help judicial officers inculcate managerial acumen and improve managers’ legal prowess,” he added.