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pdf The University Transformation Programme (UniTP) Purple Book - Enhancing University Income Generation, Endowment and Waqf Popular

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UniTP Purple Book - Enhancing University Income Generation, Endowment and Waqf.pdf

The University Transformation Programme (UniTP) Purple Book - Enhancing University Income Generation, Endowment and Waqf

PREAMBLE

The Malaysia Education Blueprint 2015-2025 (Higher Education), or the MEB (HE), laid out ten shifts to spur continued excellence in Malaysia’s higher education. Shift #5: Financial Sustainability aims to ensure long term financial sustainability of the higher education system.

Given that universities may have different starting points, the Ministry of Higher Education is collaborating with universities to launch the “University Transformation Programme” (UniTP) to assist public universities in creating and implementing their own tailored transformation plans. To guide universities through this process, the UniTP is identifying and codifying best practices in a series of books with practical guidance for universities as they embark on their own transformation programmes.

In addition, the Shift #6: Empowered Governance would empower universities with greater decisionmaking rights, autonomy, together with greater accountability. In line with this, the UniTP Green Book Enhancing University Board Governance and Effectiveness was developed, which also serves as a relevant guide to navigate activities related to university income generation. The UniTP Green Book identified three entities that will play a big role in this initiative: the university holding companies, endowment and waqf entities. It also proposed independent governance for the three entities as shown in Exhibit 1.

With the flexibility to make their own decisions, universities will be able to implement agile management of resources, and be efficient, responsive, and innovative organisations, conducive to income generation activities.