The New Zealand Institute of Management Foundation, set up last year, was officially launched in Wellington by the Minister for Small Business and Associate Minister of Maori Affairs and Commerce, John Tamihere, just before Christmas.
Chairman Doug Matheson told the 200 NZIM members, business leaders and politicians at the launch that the Foundation had been set up with capital fund target of $1 million over the next five years. Interest from the fund will provide scholarships, internments, secondments, international leader programmes, an annual lecture series, overseas or New Zealand study tour and also fund management and leadership projects and research.
Opportunities to apply for an NZIM Foundation scholarship are open to all practising New Zealand managers covering all business sectors including public and private companies, the public sector and not-for-profits.
The Foundation’s vision is to “facilitate the development of tomorrow’s leaders”, according to the Foundation secretary David Chapman. The aim is to focus on management and leadership. “NZIM believes the current business and academic environment in New Zealand is not developing the management capabilities needed to achieve internationally competitive leadership performance.”
NZIM believes future leaders need the opportunity to apply, develop and broaden their capabilities and the scope of their experience beyond their current work or academic environment. “The challenge is to find new ways for New Zealand managers to develop their leadership competencies. With this in mind NZIM has established the NZIM Foundation to seek ways to meet this challenge,” says Chapman.
The Foundation will be primarily funded by donations and bequests. NZIM members will be approached next month to add to the fund. The Foundation is also seeking to add to the pool of original founding members of Graeme Marsh, IBM, The Open Polytechnic of New Zealand, Fisher Print, Air New Zealand, Profile Publishing, The National Bank and Fulton Hogan.
The charitable Foundation is independently administered and aims to provide practical rather than academic outcomes, says Chapman. For more details email [email protected]
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