Sir Frank Ledger Fund [F20084]

The trustees of the Sir Frank Ledger Charitable Trust having resolved to make available to the University for its Advanced Management Programme the sum of $20,000 in each of the calendar years 1982 to 1985 (with the intention that, in each of those years, $5000 plus the interest on the accumulating funds be disbursed for the purposes stated and $15,000 be placed in a permanent fund so that in subsequent years the interest of the fund would be available for the purposes stated and that the name of Sir Frank Ledger be associated with the fund and that it have an appropriate name in the annals of the University), the Sir Frank Ledger Fund is established. The fund is administered in accordance with the following regulations.

1. The funds available are used to support the Advanced Management Programme and in particular—

(a) to finance visiting lectureships; and

(b) to provide scholarships for participants who otherwise would not be able to take part in the programme.

2. The fund is administered by a committee comprising:

(a) the Dean of the Faculty of Economics and Commerce;

(b) the Director of the Graduate School of Management; and

(c) the Chief Operating Officer of the Integral Leadership Centre.

3.(1) At the beginning of each year the committee draws up a budget for the use of the funds available in that year and determines the terms and conditions for visiting lectureships and scholarships.

(2) The Manager, Executive and Development Programmes, is responsible for the administration of the budget and must report his or her decisions to the committee.

(3) The committee must report annually to the Vice-Chancellor on the use of the funds.