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The Commerce Degree Bureau was constituted under a Declaration of Trust approved by the Senate of the University of London in July 1920, in connection with the institution of degrees in Commerce and amended in March 1947. The Bureau was officially opened at 46 Russell Square in March 1922.
Until 1947, the Bureau was under the direction of a Board of Governors. In March 1947 the control and management of the Bureau was placed in the hands of a Committee of the Senate known as the 'Commerce Degree Bureau Committee'. The Committee comprised of the Vice-Chancellor, the Chairman of Convocation, the Principal and not less than eight members appointed annually by the Senate of whom four were appointed by the Council for External Students.
The function of the Bureau was originally to advise and assist external students preparing for the B.Com examinations. In 1922 the work of assisting graduates and students of the University to find employment, previously carried out by the University Appointments Board, was amalgamated with that of the Commerce Degree Bureau, to the Board of which the Appointments Advisory Committee of the Senate reported. Between 1922 and 1938, when the two organisations were separated again, both functions were carried out by the Commerce Degree Bureau and Appointments Board under a single Board of Governors.