There should be an allocation of up to 5% for transparency ranking for all university. Many public universities receive a lot of grant from their government. Yet, very few of them publish their balance sheet information to the public. The general public need to know how public universities spend their money. Without this information, it may be difficult for the public to judge any action taken by the university such as raising student fees, reducing the number of student grant etc.
In Malaysia, as far as I know off, only University Malaya
published their balance sheet information in their annual report.
https://www.um.edu.my/about-um/media-centre/annual-report
The rest of the public universities, these information is
unknown to most people. If these information is published, the public can
properly assess the ROI of government funding and any wrongdoing in each public
university. In stock market, the
quarterly P&L statement and Balance Sheet information of a company provide
the basis on whether one should buy or sell their stocks. These universities
are given massive funding every year, why can’t we see their accounts.
All these while, what the public talks about quota system,
bad facilities, mismatch education and industry need. Publish the account then
we can see lot of things to improve.
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