THE ENDOWED CHAIR
The name of endowed chair is UKM – YSD Chair for Sustainable Development – Zero Waste Technology. UKM was selected based on the comprehensiveness of the proposal presented – an integration of future and available technologies and the current as well as future requirement of palm oil industry.
Agreement on the endowment chair between UKM and YSD was signed on December 21, 2010. The value of the endowment for the Chair is RM15 million. An endowed chair is managed as an endowment (donation) to provide for Sustainable Funding for a long period of time in the future. The endowment money will be invested and returns from the investment will be used to finance the Chair holder (a renowned expert), supporting staffs and researchers.