Other News

Suffolk University in Boston, Massachusetts, has established the Carol Sawyer Parks Chair in Entrepreneurial Studies, which was endowed by real estate developer and Suffolk trustee Parks. ...View all

Suffolk University in Boston, Massachusetts, has established the Carol Sawyer Parks Chair in Entrepreneurial Studies, which was endowed by real estate developer and Suffolk trustee Parks. George Moker, director of the entrepreneurship programs within the Sawyer Business School, is the first holder of the chair, which is valued at more than US$1.8 million.

In April, the Graduate Management Admission Council (GMAC) completed its acquisition of BusinessBecause, a U.K.-based online publishing company that distributes news and information about business education targeted to an audience of current and prospective business school applicants. First launched in 2009, BusinessBecause now has more than 40,000 registered members and more than 100,000 monthly readers. It will act as a subsidiary of GMAC and retain its editorial independence.

The Yale School of Management at Yale University in New Haven, Connecticut, has dedicated two scholarships in its full-time MBA program to emerging leaders in Africa who intend to return to their countries to contribute to economic growth. The Yale-Africa Impact Scholarships will fund at least half of the tuition, or approximately US$70,000 to $140,000 over two years.

Tel Aviv University (TAU) in Israel has established an early-stage venture capital fund, TAU Ventures, to invest pre-seed funding into startups founded by students and alumni. The funding model will be similar to those used at schools such as the University of California Berkeley and Massachusetts Institute of Technology.

In April, the International Ethics Standards Board for Accountants (IESBA), an independent standards-setting body, announced a major revision to its Code of Ethics for Professional Accountants. IESBA is overseen by the International Federation of Accountants (IFAC), a global membership association dedicated to strengthening the profession. Read the revised code and supporting materials at www.ethicsboard.org/restructured-code.

In related news, IFAC has launched a capacity-building project with the Myanmar Institute of Certified Public Accountants (MICPA), its first such project in Southeast Asia. IFAC has selected the Association of Chartered Certified Accountants (ACCA) to partner with the MICPA to build a professional accountancy organization by creating a new MICPA governance structure. This project will be funded with the help of a grant of nearly £5 million (US$6.8 million) from the U.K.’s Department for International Development.