Politics of Monaco Politics of Monaco The politics of Monaco take place within the framework of a constitutional monarchy, with the Prince of Monaco as head of state, with some powers devolved to several advisory and legislative bodies. Historically, the princes of the ruling House of Grimaldi were autocrats of an absolute monarchy until the first Constitution of Monaco was adopted in 1911. A second constitution was granted by Prince Rainier III on December 17, 1962, outlining legislative, judicial, and executive branches of government, which consist of several administrative offices and a number of councils. The Prince as head of state retains most
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