At least a third of the trustee board members of a private university will have to be academics, according to a draft amendment to the Private University Act-2010.

Thirty years ago, the university was established as a non-profit with the vision to become a centre of excellence in higher education. But some of the trustees allegedly used the North South University to make a quick buck, tarnishing the image of one of the country’s best seats of learning.

Established in 2003 under the Private University Act of 1992, Bangladesh University of Business and Technology (BUBT) was created by the governing body of Dhaka Commerce College with the vision to create an institution that can provide quality education and training to the prospective students. The institution, run by a Board of Trustees and a Syndicate, set out to follow North American university standards under the regulations set by the University Grants Commission of Bangladesh (UGC).