Monarchy of Monaco authority in the courts and tribunals which render justice in his or her name. Pursuant to Article 16 of the 1962 Constitution, the Sovereign Prince confers orders, titles and other distinctions (see Awards and decorations of Monaco) as the "fons honorum" of the Principality of Monaco. The Prince is styled "His Serene Highness". Although used only formally, the Prince also bears several other hereditary titles, some of which are occasionally bestowed on his relatives or their spouses. Some of these titles have merged with the Crown of Monaco as a result of the Grimaldi family's acquisition of various fiefs; they
International University of Monaco before updating its name in 2002 to better reflect both its ideology and location in Fontvieille, Monaco. The school maintains a number of international memberships including: the Association to Advance Collegiate Schools of Business (AACSB), the European Foundation for Management Development (EFMD), and the European Council of International Schools (ECIS). The MBA programs at the university are accredited by the Association of MBAs (AMBA. The IUMs current student body and alumni represent more than seventy-five nationalities. International University of Monaco The International University of Monaco (IUM) is located on the western edge of the Principality of Monaco, next to the