EXECUTIVE SUMMARY
     
VIII   The Structure, Governance and Finance of the Future AKU
     
1   We perceive AKU as now entering a new phase of its development, expanding from its initial single focus on the Health Sciences in Karachi to other fields and to locations beyond Pakistan. We believe that AKU should spread internationally, adding locations in at least two geographic areas to its original home in Pakistan. Europe and East Africa beckon as likely future sites, with Central Asia, India, and other places as further possibilities. International universities with this sort of dispersion are not common and there is not much helpful experience to guide planning of AKU's future.
     
2   The future AKU will need governance at two levels, for the University as a whole and for its individual parts. The Commission believes that AKU can and should go ahead to develop internationally under its existing Pakistan charter until such time as revisions or change in its charter may seem necessary. We also believe that the legal establishment of branches in different countries may encounter less difficulty than appeared to be the case some years ago. Advisory councils for branches of AKU should possess the stature in their areas and in relevant professions that will be needed to support and guide these branches.
     
    The responsibilities of the central leadership of the University, in the Board and in the senior executive and academic staff, will grow apace with the University's growth and expansion into new areas and fields. The composition of the Board will need appropriate adjustment and the appointment of a fully empowered Rector will be needed in the not-distant future. We also believe that the senior academic and executive leadership of AKU needs to be strengthened promptly by addition of an officer we have called a Director of Planning. Rectors of AKU will need to be persons with very high orders of-talent, energy, and experience. We anticipate that, with variations depending on their backgrounds, future Rectors will need to maintain collegial patterns of senior leadership such as AKU has had thus far, in order to deal with the many communities and contexts on which AKU will depend.
     
3   The core financial requirements of AKU we project at about 2025 have been roughly assessed by the Commission. In constant 1994 dollars, we foresee the University growing in annual core budgets somewhat more than four-fold from $ 10 million at the present time to more than $ 40 million in 2025. These estimates include provision for space and equipment but not for major capital expenditures. We have also made estimates of the larger budgets AKU will face if higher education costs continue to rise at higher rates than general price levels. We do not see these financial requirements as dismayingly large in a world we expect to be richer in 2025 than it is now. AKU has thus far benefited from very generous donors. We have been encouraged by the results of recent fund-raising and project that if recent levels of generosity are maintained over the coming decades, AKU will by 2025 have received large gifts for capital expenditures and for an endowment that will produce income covering fractions of its expenditures comparable to those that rich private universities elsewhere have.
     
IX   Conclusion
     
1   In summary of our conclusions, we have found that the "overall vision" of Aga Khan University as it was set forth more than a decade ago does not need basic change : AKU should be a private, autonomous, Muslim university, open without discrimination to all qualified applicants, and devoted to the needs of the developing and Muslim worlds. The changes since AKU was founded and that we can anticipate in the next decades sharpen the need for AKU and the challenges it faces as a Muslim institution, and as a university of quality and creativity in research, instruction, and service. We have proposed a future for AKU as a highly distinctive international university; it will not have some conventional schools or faculties but will seek through institutes that combine different disciplines and draw on links to Aga Khan Development Network to address major subjects like Islamic civilisations, human development and economic growth in creative ways.It will be a university spread broadly both geographically and over the fields of pure and applied knowledge from the sciences to the humanities. It will have both spiritual and technocratic elements for the needs of its own students and those of the worlds it aims to serve.
     
2   The Commission was charged to consider the long-term future of AKU but we have also necessarily given thought to the start toward that future in the next decade. We are anxious to see AKU's development go ahead promptly in an orderly, planned way. To this end we have recommended the early appointment of a Director of Planning to strengthen the senior executive leadership, and extended responsibilities for the Strategic Planning Committee of the Board of Trustees. With the support and commitment of the Chancellor and the Board of Trustees and the active engagement of faculty and staff we are confident of early progress toward the goals we have proposed.
     
    A rough sequence of new developments in AKU is indicated in Sections VII and VIII of our report.. The Institute of Islamic Civilisations would come first, along with the start of the new developments we have proposed in the Faculty of Health Sciences, and already planed developments in IED; following as soon thereafter as financial and administrative constraints permit, would come the Institutes of Human Development and Economic Growth, and further growth in IED. The start of the Faculty or College of Arts and Sciences would not come until after the end of the first decade ahead, and the Institute of Human Settlements still later.
     
    We thus conceive that a decade hence AKU should be well started toward being a more widely spread and diversified university, while continuing to grow in the health sciences and education. But we recognise that what can be done in the next ten years will be subject to serious financial constraints. Existing commitments and a slow rise of significant new income from endowment means that developments in the next years ahead look more difficult than in the longer-run. There may be disappointments but we urge that they bring only delays, not abandonment of plans and purposes.
     
3   Envoi
     
    Realisation of the future we have proposed for AKU will require talents and commitments far beyond the ordinary. But we see them as balanced by the historic opportunity AKU has as a new institution at a time when university education and research are in disarray in parts of the world that particularly concern it. The Chancellor is rightly proud to recall that his ancestors established a historic university in Cairo a thousand years ago. In the new century that will soon begin, we look forward to AKU winning historic distinction in a world where universities like it are too rare and sorely needed.

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