The School-Based Management Policy is an education policy within the Education Ordinance of the Education Bureau in Hong Kong. The policy was made law when The "Education (Amendment) Ordinance 2004" bill was passed by Legco in July 2004. Under the amended Education Ordinance, all Hong Kong primary and secondary schools are required to set up incorporated management committees, or IMCs, by the year 2010. In addition, the proportion of board members representing the school-sponsoring body will be reduced to 60% within the IMC, allowing teachers, parents, alumni and community members to make up the rest of the 40%. The bill also stipulates that all authorities and responsibilities of the IMC must be clearly defined by each school.