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The renewal of Corvinus University has reached a cornerstone| 2019.04.30.

The legal preparations leading to the model change of Corvinus are nearing the finishing line. The person currently exercising the maintainer’ rights, Minister for Innovation and Technology László Palkovics announced at an executive meeting held at Corvinus and the subsequent press conference that he would submit the registration request of the Statutes of the Maecenas Universitatis Corvini (MUC) Foundation to the Registry Court.   At the event the Minister introduced the future members of the Foundation’s governance bodies. He asked MOL Oil and Gas Company Chairman-CEO Zsolt Hernádi to act as Chairman of the Board of Trustees. Further members of the Board of Trustees will be: János Csák businessman and honorary professor; Corvinus Rector András Lánczi; János Martonyi lawyer, professor and former foreign minister; Dániel Palotai Executive Director of the National Bank of Hungary. The Chairman of the Supervisory Board will be Béla Bártfai lawyer, CEO of the Hungarian Hydrocarbon Stockpiling Association, its members will include Attila Chikán professor emeritus and former rector of the Corvinus University, former Minister of Economy; as well as Levente Jánoskuti, head of office and partner at McKinsey & Company. The asset controller of the Foundation will be Tibor Bogdán attorney at law.

Minister for Innovation and Technology László Palkovics informed the university’ management, the members of the Senate, invited guests as well as the  members of the Consistorium and former rectors about having reached a further major milestone towards the university’s new operational model. Following the closed session Rector András Lánczi and Zsolt Hernádi future Chairman of the Maecenas Universitatis Corvini Foundation talked to the press about the developments. 

The Minister said that upon the government’s proposal, during its Spring session Parliament adopted the laws that create the legal framework for the new form of operation of the Corvinus University of Budapest as a Foundation as of 1 July 2019. The Statutes of the Maecenas Universitatis Corvini have been drafted, thus the registration of the Foundation opens up the possibility for Corvinus to continue its activities in the renewed model.  The Minister added that the request for registration would mark the final stage of the legal preparatory process aimed at the renewal of the operational-governance model of the university. 

The Statutes of the asset management foundation define the objectives, the activities, the initial capital as well as the rules of membership of the managing and supervisory bodies of the Foundation. The members of the five-person Board of Trustees were invited by the Minister representing the Government on behalf of the Hungarian State. They all accepted the assignment. The Chairman of the body will be MOL Oil and Gas Company Chairman-CEO Zsolt Hernádi, the other members being: János Csák businessman and honorary professor; Corvinus Rector András Lánczi; János Martonyi lawyer, professor and former foreign minister; Dániel Palotai Executive Director of the National Bank of Hungary. 

The Board of Trustees will be controlled by a three-member supervisory board. The Statutes also provide for the post of asset controller to be filled by a person elected for 9 years in order to ensure the legal supervision of the Foundation’s management. The Chairman of the Supervisory Board will be Béla Bártfai lawyer, CEO of the Hungarian Hydrocarbon Stockpiling Association, its members will include Attila Chikán professor emeritus and former rector of the Corvinus University, former Minister of Economy; as well as Levente Jánoskuti, head of office and partner at McKinsey & Company. The asset controller of the Foundation will be Tibor Bogdán attorney at law.  

Since the founder’s rights will be conferred by the founder to the Board of Trustees of the Foundation, the founder will no longer have any powers in matters concerning the Foundation. 

Rector András Lánczi who will also take a role in the management of Corvinus as a member of the Board of Trustees said: The current academic year’s admission results confirm the popularity of Corvinus, the university’s prestige is undisputed. The model change, however, has been unavoidable for further growth and the world-class excellence Corvinus is aiming at. András Lánczi stressed that “our principles guiding the renewal of Corvinus are sophistication and performance. We started the internal professional work involving around 120 colleagues along these principles in the second half of last year”. He added: “The model change of Corvinus University is a national enterprise that will offer major benefits to the students, the lecturers, the researchers and indirectly to Hungarian economy and society. “ 

The Minister asked Zsolt Hernádi to become Chairman of the Board of Trustees of the Foundation exercising the maintainer’s rights. MOL Chairman-CEO said that it was a huge challenge, responsibility and opportunity to take part in such a process. MOL is a Hungary-based multinational company that is present in nearly 40 countries and is committed to increasing Hungary’s competitiveness. Accordingly, MOL has pioneered in supporting Hungarian education and in backing talented new graduates. He mentioned as an example the Groww program launched by MOL in 2007 which has offered 2,100 young graduates a competitive job, out of who 80% still work for the company. A few years ago the executive training program SEED was put in place which has attracted 500 applicants from 22 countries. The company has set up dual training agreements with three Universities, moreover in the past years owing to various partnerships it has spent several billion forints to support Hungarian higher education. 

Zsolt Hernádi said that the tendency among young people over the past few years has been to increasingly opt for higher education institutions abroad. In 2017 the relevant figure increased by 12% over the previous year. The future chairman of the Board of Trustees stressed that just as universities compete for talented students, so do companies vie for well-qualified new graduates. Keeping the most talented young people in Hungary is in the common interest of both the academic and the business sectors. He added that this was only possible if higher education comparable with what is offered in the world’s leading universities would become available. 

In his view, the model change of Corvinus is actually an investment in the future. The time has indeed come to raise the international profile of Corvinus through exploiting so far untapped potential. 

 

BOARD OF TRUSTEES OF THE MAECENAS UNIVERSITATIS CORVINI FOUNDATION

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CHAIRMAN

ZSOLT HERNÁDI

Economist, businessman, Chairman-CEO of MOL Oil and Gas Company, member of the National Competitiveness Council. Former CEO of the Bank of Hungarian Savings-Co-operatives. Former Corvinus student, the university’s honorary citizen and honorary professor, alumnus of the Rajk László College for Advanced Studies. He is a committed supporter of higher education. 

 

MEMBERS

JÁNOS CSÁK

Economist, businessman, literary translator, Chairman and  Co-owner of Design Terminál innovation agency and Brain Bar, the biggest European festival on the future, CEO of Arete Investment Ltd,  board member of Hungarian drugmaker Richter Gedeon Nyrt and Bank of China Hungary. He is Co-Chairman of the Hungarian-Slovak Chamber of Commerce, founder of the non-public discussion club Széll Kálmán Foundation, member of the Supervisory Board of the child saving Saint Francis Foundation of Déva. Former President of MOL and of mobile service provider Westel. Ambassador of Hungary to the UK between 2011 and 2014. Former student of Corvinus, the university’s honorary professor, he has taken an active role in the preparation of the university’s transformation as Head of the Advisory Board of the Corvinus Renewal Project. 

 

ANDRÁS LÁNCZI

Philosopher, political scientist, Rector of the Corvinus University of Budapest, Chairman of the Advisory Board of the pan-European Center for European Renewal. Former Director of the Institute of Political Science at Corvinus and Chairman of the Board of the think-tank Századvég, as a Fulbright scholar he was also invited researcher at the Eric Voegelin Institute of the Louisiana University. He used to be member of the Political Science Committee of the Section of Economics and Law of the Hungarian Academy of Sciences and member of the Social Sciences Committee of the Hungarian Accreditation Board. 

 

JÁNOS MARTONYI

Attorney at law, jurist, university professor, Professor Emeritus of the University of Szeged. Minister of Foreign Affairs of Hungary between 1998-2002 and 2010-2014. He has published studies and essays on international affairs, competition policy and competition law, European integration and (European) community law, global regulations and Central-European co-operation. 

 

DÁNIEL PALOTAI

Economist, Chief Economist of the Hungarian National Bank and its Executive Director in charge of economic science and priority projects. Vice President of the Hungarian Economic Association. Member of the Monetary Policy Committee of the European Central Bank and the Economic and Financial Committee of the European Union. Lecturer and former student of Corvinus University. Formerly he was Head of the Macroeconomic Policy Department of the Ministry for National Economy. 

 

 

SUPERVISORY BOARD OF THE MAECENAS UNIVERSITATIS CORVINI FOUNDATION

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CHAIRMAN

BÉLA BÁRTFAI

Lawyer, CEO of the Hungarian Hydrocarbon Stockpiling Association. Formerly he acted as Deputy State Secretary at the Ministry of Justice, he worked as Supreme Court judge and chair, served as State Secretary at the Prime Minister’s Office and at the Ministry of Finance, as well as President-CEO of the Hungarian-German Fundamenta Home Savings Bank. He has published in the areas of finance and taxation law. 

 

MEMBERS

ATTILA CHIKÁN

Economist, Professor Emeritus of the Corvinus University of Budapest and Director of its Competitiveness Research Centre, full member of the Hungarian Academy of Sciences, external member of the Royal Swedish Academy of Engineering Science. President of the Rajk László College for Advanced Studies, one of its founders. Formerly Rector of the Corvinus predecessor University of Economics and Public Administration, former Minister of Economic Affairs. 

 

LEVENTE JÁNOSKUTI

Economist, head of office and partner at McKinsey & Company, member of the National Competitiveness Council. Former student of Corvinus University, alumnus of Universität Passau and London Business School. 

 

ASSET CONTROLLER OF THE MAECENAS UNIVERSITATIS CORVINI FOUNDATION

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TIBOR BOGDÁN

Attorney at law, partner in the Nagy és Trócsányi Law Firm, chief advisor to the Minister of Justice. He acted in numerous executive positions at the Ministry of Justice, between 1990 and 1993 he served as State Secretary. He lectured at the Janus Pannonius University of Pécs and Eötvös Loránd University, Budapest.

Last modified: 2018.11.30.

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