The Indian Institutes of Management (IIMs) are structured for decentralised governance with the faculty chairing administrative positions, and all major policy decisions being taken with the involvement and concurrence of the faculty body. The  IIM board is not  involved in academic decisions and it is only consulted on major administrative decisions that exceed the powers of the director. This decentralised governance is effective in involving the faculty as stakeholders and creates checks and balances to ensure that poor decision-making, if any, is corrected by the faculty body. It enables faculty to assume leadership roles- preparing them to become directors in future. Faculty participation in governance creates a sense of involvement in engagement with and ownership of the institute. The ideal role for the director is to nurture the faculty and enable them to do their best.