CORPORATE SOCIAL RESPONSIBILITY IN EDUCATION

Edilberto C de JesusSecretariat Director

Southeast Asian Ministers of Education Organization

The Business of Education The Business of Education is Educationis Education : : If educators If educators

educate well, the business educate well, the business side will take care of itself side will take care of itself..

MANAGEMENT IN MANAGEMENT IN ACADEMEACADEME

Ewart Wooldridge, CEO, Leadership Ewart Wooldridge, CEO, Leadership Foundation for Higher EducationFoundation for Higher Education

““OffOff--thethe--shelf” approach to performance shelf” approach to performance management unsuitable in academemanagement unsuitable in academe..

““Universities are different from UnileverUniversities are different from Unilever . .  They are not productThey are not product--focused, and it has focused, and it has to be recognized that the culture is that to be recognized that the culture is that of a pluralistic communityof a pluralistic community..””

((Times Higher Education Supplement, 21 Times Higher Education Supplement, 21 Sept 07Sept 07))

MILLENNIUM MILLENNIUM DEVELOPMENT GOALSDEVELOPMENT GOALS

FOODFOOD

ENVIRONMENT AND NATURAL R ENVIRONMENT AND NATURAL R

ESOURCESESOURCES

HEALTHHEALTH

HOUSINGHOUSING

EDUCATIONEDUCATION

““IF EDUCATORS EDUCATE WELL, IF EDUCATORS EDUCATE WELL, THE BUSINESS SIDE WILL TAKE THE BUSINESS SIDE WILL TAKE CARE OF ITSELFCARE OF ITSELF..””

ASSUMPTIONSASSUMPTIONS —— CONSENSUS AMONG EDUCATOR CONSENSUS AMONG EDUCATOR

S ON: S ON: Content of Education Content of Education Ideal PedagogyIdeal Pedagogy Education ObjectivesEducation Objectives

““IF EDUCATORS EDUCATE IF EDUCATORS EDUCATE WELL, THE BUSINESS SIDE WELL, THE BUSINESS SIDE WILL TAKE CARE OF ITSELFWILL TAKE CARE OF ITSELF..””

ASSUMPTIONSASSUMPTIONS —— EDUCATION STAKEHOLDERS EDUCATION STAKEHOLDERS

AGREE WITH EDUCATORSAGREE WITH EDUCATORS

EDUCATION QUESTIONSEDUCATION QUESTIONS What should be the medium of What should be the medium of

instruction in schools?instruction in schools?

How long should the school day How long should the school day

and the school year be?and the school year be?

How much time should be How much time should be

allocated to math and science as allocated to math and science as

against values courses, as against values courses, as

against lifeagainst life--skill subjects?skill subjects?

EDUCATION QUESTIONSEDUCATION QUESTIONS Which should have a priority claim Which should have a priority claim

on limited fundson limited funds : : teacher training, teacher training,

ICT facilities, books?ICT facilities, books?

To what extent should government To what extent should government

support private schools through support private schools through

schemes like the voucher system?schemes like the voucher system?

Should testing be done at school or Should testing be done at school or

at national level, and with what at national level, and with what

frequency?frequency?

CONCLUSIONSCONCLUSIONS : : CSR CSR DIRECTIONS IN EDUCATIONDIRECTIONS IN EDUCATION

11.. Gifts to SchoolsGifts to Schools

Alumni DonationAlumni Donation

ALUMNI SUPPORT ALUMNI SUPPORT ((NYT, 19NYT, 19 Sept Sept 20072007))

GrantGrant:               :               $128.5m$128.5m

BeneficiaryBeneficiary:      :      GeorgeGeorge SchoolSchool (p(private,rivate, 500500-student high school)-student high school)((240240-acre campus in -acre campus in NewtownNewtown, , PaPa.).)

Donor: Barbara Dodd AndersonDonor: Barbara Dodd Anderson75-years old, incipient Alzheimer Syndrome75-years old, incipient Alzheimer SyndromeGeorge SchoolGeorge School ‘1950 Daughter of early investor in ‘1950 Daughter of early investor in

Warren Buffet’s Warren Buffet’s Berkshire   Berkshire   HathawayHathaway

Fiscal 2005 Performance of Fiscal 2005 Performance of

US Higher-Education US Higher-Education Endowment FundsEndowment Funds

2005 Bloomberg survey2005 Bloomberg survey

InstitutionInstitution

Fund Fund SizeSize ReturnReturn ReturnReturn

June 30June 30 2004-2004-0505

2003-2003-0404

1.1. Harvard Harvard UniversityUniversity

$25.9 $25.9 BlnBln 19.2%19.2% 21.1%21.1%

2.2. Yale UniversityYale University $15.2 $15.2 BlnBln 22.3%22.3% 19.4%19.4%

3.3. Stanford Stanford UniversityUniversity

$12.4 $12.4 BlnBln 19.5%19.5% 18.0%18.0%

4.4. University of University of TexasTexas

$11.6 $11.6 BlnBln 13.6%13.6% 20.1%20.1%

5.5. Princeton Princeton UniversityUniversity

$11.2 $11.2 BlnBln 17.0%17.0% 16.5%16.5%

InstitutionInstitution

Fund Fund SizeSize

ReturReturnn

ReturnReturn

June 30June 30 2004-2004-0505

2003-2003-0404

6.6.Massachusetts Massachusetts Institute of Institute of TechnologyTechnology

$6.7 Bln$6.7 Bln 17.6%17.6% 18.1%18.1%

7.7. University of University of CaliforniaCalifornia $5.2 Bln$5.2 Bln 10.3%10.3% 14.7%14.7%

8.8. Texas A&M Texas A&M UniversityUniversity $5.0 Bln$5.0 Bln 9.7%9.7% 21.0%21.0%

9.9. University of University of MichiganMichigan $4.9 Bln$4.9 Bln 19.1%19.1% 20.7%20.7%

110.0.

Columbia Columbia UniversityUniversity $4.9 Bln$4.9 Bln 17.7%17.7% 16.9%16.9%

CONCLUSIONSCONCLUSIONS : : CSR CSR DIRECTIONS IN EDUCATIONDIRECTIONS IN EDUCATION

Services Based on Core Corporate CompetServices Based on Core Corporate Compet

enciesencies

Avoiding Moral HazardAvoiding Moral Hazard

CONCLUSIONSCONCLUSIONS : : CSR CSR DIRECTIONS IN EDUCATIONDIRECTIONS IN EDUCATION

2.2. Entrepreneurship in EducationEntrepreneurship in Education

3.3. Corporate Citizenship Corporate Citizenship

Keeping Government AccountableKeeping Government Accountable

Shaping Policy DirectionsShaping Policy Directions

New York Times New York Times ((12 September 200712 September 2007))

““Not only do Not only do AmericaAmerica’s businesses need bett’s businesses need better-educated workers, the country needs ber-educated workers, the country needs better-educated citizens as well. And etter-educated citizens as well. And AmericaAmerica’s children all deserve a sound ed’s children all deserve a sound education.” ucation.”