[BAC] News Release

Note: This is still a DRAFT.

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PLEASE HOLD RELEASE UNTIL FURTHER NOTICE

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Posted: October 25, 2012

Business Advisory Council holds its first annual meeting

It was a gathering of busy people – business owners, managers, directors, supervisors, even CEO's and CFO's. Two Joe's spoke at the start of the meeting. The first said, "We are here to listen to you." The other told them, "I apologize, because in the past, I think the college has let you down."

Thus began the first annual meeting of the reactivated Business Advisory Council (BAC), which convened last October 23, 2012 at the Wall Mart Steak House & Bar in Kolonia, Pohnpei. 

The reactivation of the Business Advisory council is an initiative of the Business Administration Division of the College of Micronesia-FSM. It's purpose is to promote a partnership between local businesses/employers, and the college, in line with its goal to establish a services network for community, workforce, and economic development.

In offering his apologies to the business community, Dr. Joseph M. Daisy, president and CEO of the College of Micronesia-FSM, said "we lost our way, we lost our focus, we lost what was important… what our primary mission and goal was supposed to be. And that is providing quality education for our students so that they can be meaningful participants in the political, social, and economic life of the FSM. And when we lost our way, we lost our connection with all of you."

At the same time, however, Daisy expressed optimism and hope about the future of the college and that of the FSM as he looked around and noted the presence of very important people of various expertise and discipline, who came to the meeting despite their busy schedules. He said that as the college looks forward to the celebration of it's 20th anniversary in 2013, he wanted to renew COM-FSM's commitment to collaboration and to accountability to all, most especially to the students.

Before him, Prof. Joseph Felix, Jr., chair of the Business Adminstration Division of COM-FSM, welcomed everyone to the event. He also explained the reason they had been invited to this meeting. "We are here to listen you. We are here to hear what you have to say. About our programs. About our curriculum. About our students and graduates. And most importantly, about how you think we can improve as a college in addressing the needs of the community...our community," he said.

Prof. Rafael Pulmano then showed a short slide presentation explaining the role of the BAC and the programs offered by the Business Administration Division.

During the one-hour consultative forum that followed, business sector representatives took turns in offering suggestions, asking questions, seeking clarifications, expressing their observations and expectations about COM-FSM graduates, and volunteering the various resources and assistance available from their respective organizations which the college can tap for the benefit of students.

Initial discussions focused on the need of most establishments for accounting graduates and local CPA's. Subsequent talks emphasized the importance of requiring students to do practical work before graduating. There were inquiries about the possibility of the college offering evening classes and introducing other programs such as those in the field of retail management and aviation, and suggestions about training students on the use of accounting software packages to better prepare them for work in the real world. 

Failure of some graduates to communicate well during job interviews, as well as their apparent lack of self-confidence and clear sense of purpose, were among the weaknesses observed by many employers and they asked the college to do something about it to help improve these students' chances of getting employed.

At the closing part of the meeting, Daisy thanked all delegates for coming, and added that his door is always open to them. He invited them to visit and continue to be active participants, because the college will rely on their wisdom and support. 

With the president were Vice President for Academic Affairs Ms. Mariana Ben-Dereas, and Dean of Academic Programs Ms. Karen Simion.

The first annual meeting of the Business Advisory Council was deemed a success, with the following establishments coming and sharing their valuable time and expertise in the historic event: MiCare, FSM Development Authority, Etscheit, FSM Development Bank, FSM Telecommunications Corporation, Japan International Cooperation Agency, CTSI Logistics, Tuna Commission, FSM Petroleoum Corporation, Genesis Island Family Clinic & Pharmacy, Ray & Dors, United Airlines, Bank of the Federated States of Micronesia, and the Secretariat of the Pacific Community.

Likewise present in the meeting were officers and a member of the Young Executives Society (YES!) who represented the business and accounting students from the National Campus. At one point during the program, they were asked to introduce themselves and speak about their expectations about the college and their aspirations and plans for their future. Most of them said they want to become CPAs, others to become businessmen someday.

The division chair expressed satisfaction about the outcome of the event, and thanked the division faculty for their efforts and support. He immediately called a division meeting, to be held just two days following the event, to discuss plans surrounding the BAC, including the drafting of a memorandum of understanding (MOU) between the members of the advisory council and the college.

Faculty of the Business Administration Division are Felix Joseph, Jr. (chair), Ruci Yauvoli, Marlene Mangonon, Marian Gratia Medalla, Edper Castro, George Mangonon, and Rafael Pulmano.

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Contact:

Rafael Pulmano

pulmano@comfsm.fm

COM-FSM National Campus

Ph: (691) 320-2481 Ext. 110