Open Forum Appointment of Dean of Faculty of Business

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Open Forum Appointment of Dean of Faculty of
Business

• Stephen Yan Leung CHEUNG
• Professor (Chair) of Finance

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Contents

• Vision
• Concerns of Staff
• Concerns of Students
• Suggestions
• Within the Faculty
• Among Faculties
• With the Senior Management
• With the Outside Community
• My Management Style
• My Suitability

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Faculty Vision

• Would like to see the Faculty recognized by
  the community as providing excellent business
  education and applied research in the
  Asia-Pacific region

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OUTSIDE City U
INSIDE City U
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Concerns of Staff

• Sample size 106 professors (?90, individual
  
• meetings for 30-45
  minutes),
• some instructors and some
• administrative staff
• Future development of the Faculty of Business
• Synergy effect of different disciplines
• Support from the Faculty of Business

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Concerns of Staff

• Development of the Faculty of Business
• Recognition from University and local community
• Role in the university community
• Market perception
• Competition among (local, mainland, and region)
  universities
• More proactive and visible
• More interdisciplinary research

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Concerns of Staff

• Policy and administration
• Transparency
• Communication
• Staffing
• Recruit and retain good staff
• Allowance in teaching assignment for new staff
• Recognition for administrative assignment

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Concerns of Staff

• Students and programmes
• Quality of intake students
• Niche in the flagship programmes
• Quality of programmes, not quantity
• Research
• Applied research vs. basic research
• Research ranking

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Concerns of Students

• Sample size More than 200 BBA students
• (representatives from
• departmental societies,
  student
• representatives, first-year
• students, etc.)
• How can the Faculty of Business enhance your
  learning experience?
• How can the Faculty of Business do to facilitate
  your future career development?

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Concerns of Students

• Learning
• More real life examples
• Student exchange
• Scholarships
• Study tours
• More interactions with students from other
  universities

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Concerns of Students

• Career development
• More internship opportunities
• Company visit
• Career planning and interviewing skills
• Executive mentorship
• Alumni talks
• Visibility of the Faculty of Business
• Low self-esteem

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Suggestions

• Within the Faculty
• Develop an active and open communication channel
• More interactions among faculty members from
  different departments
• Plan to have breakfast or tea with all faculty
  members at least once per year and at least once
  with undergraduate students during their
  three-year study at City U

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Suggestions

• Within the Faculty
• Open, fair, and transparent policy
• Personnel decision
• Portfolio approach
• Recognition for staff
• Learning and career development of students
• More internship opportunities
• Inter-university competitions

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Suggestions

• Within the Faculty
• Encourage Faculty members to engage in research
  projects that have impact and/ or important
  policy implications
• Get ourselves involved in high profile policy
  research and consultancy
• A consultancy unit
• Develop incentive system for good research and
  teaching
• Flagship programmes

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Suggestions

• With other Faculties
• Develop programmes and training courses
• Double majors
• Training courses in social enterprises
• Support from the HKSAR government
• Cooperation with Harvard Business School

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Suggestions

• With the senior management
• A bridge between the Faculty members and the
  Universitys senior management
• On-going communication with University on the
  implementation of FBs vision and mission
• FBs position in the university community
• Consultancy and applied research
• Promotion

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Suggestions

• With the outside community
• Cooperation with both the private and public
  sectors
• Be more proactive in local business community
• Internships
• Scholarships and fund raising
• Develop in-house executive training programmes
• Consultancy

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Suggestions

• With the outside community
• Develop a brand name
• Develop an international network with good
  business schools in the region
• Student exchange programme
• Joint programmes
• Market Faculty programmes
• Attract more quality students
• Reinforce FB alumni network

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My Management Style as a HoD (EF) Care,
Communicate and Facilitate

• For Staff
• Meeting with professors to minimize overlapping
  in teaching materials
• Annual evaluations on HoD in 1996 and 1997 and
  the results were disclosed to all faculty members
• Departmental annual reports were disclosed to all
  faculty members
• Staff birthday party every three months
• Considered staffs preference before the teaching
  assignment
• Cantonese and Mandarin courses for faculty
  members

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My Management Style as a HoD (EF) Care,
Communicate and Facilitate

• HoD evaluation
• Overall rating of performance
• Please rate the followings
• Oversee the implementation and operation of the
  existing programmes and courses
• Oversee the planning of new programmes
• Oversee the day-to-day administration of the
  Department
• Allocate and use of the resources made available
  to the Department
• Represent the views and interests of the
  Department to the Dean
• Interact with colleagues of the Department
• Interact with colleagues outside the Department
• Handle staff grievances
• React to staff demand
• Approachable
• Liaise with external bodies for promotion and
  marketing purposes

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My Management Style as a HoD (EF) Care,
Communicate and Facilitate
My performance evaluation for 1995-1996 and
1996-1997
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My Management Style as a HoD (EF) Care,
Communicate and Facilitate

• Comments from staff (1995-1996)
• Workload is not balanced. Staff with more
  workload are not rewarded.
• Business Economics seems to need more inputs from
  Stephen. Not holding a PhD in Economics is not a
  excuse, nor a debit. I think the most important
  is an efficient administrator.
• I think its a good idea to arrange teaching
  module on an annual base. It would be easier to
  provide both module tables for Semester A and B
  and let staff select directly.
• For our existing courses and modules, there are a
  number of problems remaining unsolved still.
  Significant overlapping to the point of boredom
  is hampering both teaching and learning efforts.
  Its a moral imperative that we must correct this
  before it runs out of control.
• Very nice, sociable, open-minded, efficient,
  tactful, practical, target-oriented, amenable.

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My Management Style as a HoD (EF) Care,
Communicate and Facilitate

• Comments from staff (1996-1997)
• Given the constraints that he faces, Stephen is
  doing a great job and has tried hard to make
  everyone happy.
• The EF Dept. needs more Finance faculty staff.
• Excellent leadership, superb co-ordination with
  external bodies, and excellent research support!
• Thanks for caring about your staff!
• Well done and keep going!

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My Management Style as a HoD (EF) Care,
Communicate and Facilitate

• For students/ prospective students
• Scholarships
• Open forum with (first, second, third year)
  students
• Survey of final year students on their 3-year
  City U experience
• Selected thirty high schools for promotion and I
  went to three of them

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My Suitability

• Research
• Ranked the sixth most productive finance
  researcher in the Asia-Pacific region during
  1990-19991
• Ranked the fourteenth most productive author in
  Asia-Pacific Universities by weighted number of
  articles in 18 accounting journals in 1991-20022
• The finance research productivity of EF ranked
  No.2 among all universities in Asia, Australia,
  and New Zealand during the period form 1995-19991
• Founding Head of Research of Securities and
  Futures Commission
• 1Chan K C, C Chen and T L Steiner, 2001,
  "Research Productivity of the Finance Profession
  in the Asia-Pacific Region," Pacific-Basin
  Finance Journal 9, 265-280
• 2Chan K C, C R Chen and L T W Cheng, 2005,
  Ranking Research Productivity in Accounting for
  Asia-Pacific Universities, Review of
  Quantitative Finance and Accounting 24, 47-64

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My Suitability
Source K.C. Chan et al./ Pacific-Basin Finance
Journal 9 (2001) 265-280
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My Suitability
Source K.C. Chan et al./ Pacific-Basin Finance
Journal 9 (2001) 265-280
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My Suitability

• Applied Research and Consultancy Experience
• Asia Pacific Economic Council
• Asian Development Bank
• Consumer Council
• Economic and Social Commission for Asia and the
  Pacific, the United Nation
• Financial Services Bureau
• Hong Kong Exchange and Clearing Ltd.
• Pacific-Basin Economic Council
• People Bank of China
• Securities and Futures Commission
• Shui On
• Societe Generale (HK) Securities

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My Suitability

• Administrative Appointments at City U
• Current Duties
• Chairman
• Editorial Sub-committee, University Press
  Committee, (UP)
• Member
• Board of Trustees (FO), Executive Committee (EF),
  Faculty Board (FB), Investment Sub-Committee
  (FO), the Senate, Staffing Committee (FB),
  Staffing Committee (for pay raise) (EF), and
  University Press Committee (UP)
• Past Duties
• HoD (EF, 1995-1998)
• Chairman
• Faculty Research Committee (FB, 2002-2003)
• Member
• University Research Committee (2002-2003),Advisory
  Committee, (EF, 2001-2004), Graduate Studies
  Committee (2000-2002), Staffing Committee (EF,
  2000-2002), and Faculty Research Committee (FB,
  1999-2004)

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My Suitability

• Teaching
• Designed three master programmes MSc in Banking,
  MSc in Finance, MSc in Financial Engineering
• Stock option training programme for the Stock
  Exchange of Hong Kong
• Adjunct/ advisory/ visiting professor
• Fudan University (1998-Present), Shanghai Jiao
  Tong University (1997- Present), Korea University
  (2004), Peking University (2002-2004), Graduate
  School of the Peoples Bank of China (1998-1999),
  Aoyama Gakuin University (1996), University of
  Strathclyde (1995)

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My Suitability

• Community Service
• Government
• Business Facilitation Advisory Committee, Central
  Policy Unit, Commission on Poverty, Hong Kong
  Committee for Pacific Economic Cooperation, Hong
  Kong Institute for Monetary Research of the Hong
  Kong Monetary Authority, Labour Dispute Tribunal,
  Small and Medium Enterprises Committee,
  Statistics Advisory Committee, and West Kowloon
  Project
• Founding director of the Hong Kong Securities
  Institute

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Deans Role

• Provide, process, and use information (on-going
  dialogue)
• Shared common vision
• Ownership and participation
• Enhance staff development
• Facilitate students learning and development
• To ensure FBs vision mission align with those
  of U

University
FB
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With bridges, we would all be