The Institute of Pharmacy Management exists to promote and inspire education, research and excellence in pharmacy management across all branches of the profession for the benefit of its Members.
Incorporated in 1964 under the Companies Act as a Limited Company (By Guarantee), the Institute is essentially an educational body which is non-profit making and which issues no shares.
The Institute caters for all branches of pharmacy: community, hospital, academia, the pharmaceutical industry and wholesale distribution. It is international in its membership, with around 10% of its members living in some 25 countries outside the United Kingdom.
There are six membership categories for students, non-pharmacists, pharmacists and corporate members
The office of President is honorary and is held by a person of eminence in pharmacy. The current President is Nick Wood, a practising Community Pharmacist and twice former RPSGB President.
Telephone
Postal address:
The General Secretary
14 Coronation Way
Bearsden
Glasgow
G61
1DA
The objects for which the Institute is established are: —
(A) To promote, influence and support research into pharmacy business practice management and administration and into pharmacy economics generally and to obtain, assimilate and disseminate facts, figures and information of interest to pharmacists and members engaged in pharmacy business.
(B) To influence and develop pharmacy management educational and skill requirements, to establish educational standards, to conduct examinations and grant diplomas and generally to provide education in relation to modern ideas and methods of pharmacy business administration and management.
(C) To establish and carry on a school or college or schools or colleges where persons may receive education, training or tuition in pharmacy business administration and management and to offer scholarships, exhibitions, prizes and rewards and otherwise to encourage and assist persons to do anything calculated in the opinion of the Institute to encourage, promote and advance education, training and learning in pharmacy administration.
(D) To work closely with other organisations to achieve Institute objectives and contribute to relevant consultation processes.
(E) To help members achieve excellence through the provision of additional qualifications, education, training, support, advice and Continuous Professional Development systems that harness technological advances.
(F) To arrange for courses of instruction and to provide for scholars, students or others boarding accommodation, recreational facilities or other amenities and services which in the opinion of the Institute may conveniently be provided.
(G) To print, publish and circulate any newspapers, periodicals, books, circulars or other publications or documents that the Institute may consider desirable for the promotion of its objects or the benefit of members.
(H) To act as consultants and advisers to persons or firms engaged in any of the branches of pharmacy and to promote consultancy activities of its members.
(I) To establish Codes of Business practice and governance and operate within these.
(J) To purchase, take on lease or in exchange, hire or otherwise acquire any real or personal property and any rights or privileges which the Institute may think necessary or convenient for the promotion of its objects, and to construct, maintain and alter any buildings or erections necessary or convenient for the work of the Institute.
(K) To sell, let, mortgage, dispose of or turn to account all or any of the property or assets of the Institute as may be thought expedient with a view to the promotion of its objects.
(L) To undertake and execute any charitable trusts which may lawfully be undertaken by the Institute and may be conducive to its objects.
(M) To borrow or raise money for the purposes of the Institute on such terms and on such security as may be thought fit.
(N) To invest the moneys of the Institute not immediately required for its purposes in or upon such investments, securities or property as may be thought fit, subject nevertheless to such conditions (if any) and such consents (if any) as may for the time being be imposed or required by law and subject also as hereinafter provided.
(O) To establish and support or aid in the establishment and support of any charitable associations or institutions and to subscribe or guarantee money for charitable purposes in any way connected with the purposes of the Institute or calculated to further its objects.
(P) To do all such other things as are incidental or conducive to the attainment of the above objects or any of them.
Provided that
(i) In case the Institute shall take or hold any property which may be subject to any trusts, the Institute shall only deal with or invest the same in such manner as allowed by law, having regard to such trusts.
(ii) The Institute shall not support with its funds any object, or endeavour to impose on or procure to be observed by its members or others any regulation, restriction or condition which if an object of the Institute would make it a Trade Union.
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