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Annual Report 2015 EFMD aisbl rue Gachard 88 – Box 3 1050 Brussels Belgium T +32 2 629 08 10 F +32 2 629 08 11 E [email protected] www.efmd.org EFMD is an international not-for-profit association (aisbl) Design by www.jebensdesign.co.uk Acts as a catalyst to enhance excellence in management education and development globally contents 02 Message from the President 03 Message from the Director General 04 2015 Highlights 06 Quality Services 10 Network Services 18 EFMD Awards 20 Development Services 32 EFMD Publications 34 EFMD Membership 38 EFMD Governance 40 EFMD Team 44 Financial Statements 2015 50 Auditor’s Report NETWORK SERVICES • BUSINESS SCHOOL SERVICES • EFMD Annual REPort 2015 1 Message from THE PRESIDENT Dear EFMD member, In the past 15 years there have been I feel 2015 is a very good time to reflect over 200 EU-related projects; EQUIS and on EFMD’s performance over the last CLIP have set the global benchmark for 15 years as the network has transformed quality in business schools and corporate from a small, mainly European universities; EFMD has a 30-year history association into a truly international of working in China; and new initiatives network of organisations with members such as EDAF mean EFMD can help in 83 different countries across all parts any school anywhere in the world that of the world. wants to start on a development and improvement path. The engagement of the membership in conferences, seminars, accreditations, We should celebrate these great cases and publications is at the highest successes and feel very proud, as a level we have seen and for that we are network, of the work we do and the very thankful for the ongoing support impact and contribution we make to offered by members. society. EFMD’s core is built on a dedicated Thank you to all the members of EFMD membership network and each year for your continued and ongoing support. so many of you contribute time, effort, goodwill and commitment to its future development, for which EFMD and the Board of Trustees are immensely grateful. As EFMD continues to grow, what is vitally important is the need for EFMD to keep its entrepreneurial spirit and remain focused on its mission “acting as a catalyst to promote and Alain Dominique Perrin enhance excellence in management development internationally”. President Whenever I visit the Brussels head office or attend an EFMD conference it is very rewarding to realise the dedication of Eric and his team and to see how many new projects and initiatives are being developed and launched. 2 Message from THE PRESIDENT Message from THE Director GENERAL Dear EFMD member, which was led by Boston University I am very pleased to report that 2015 Questrom School of Business in the US was another strong and successful year and supported by EFMD and its strategic for EFMD and the international network. partners GMAC and AACSB. The Jam Technology can do many things but it brought the world together for the first cannot replace human interaction – and global dialogue about the future of people and communities are at the very business education with participation heart of EFMD. from stakeholders in academia, industry, government and beyond. The ongoing support and engagement of the membership meant that during 2015 At EFMD we are constantly working we surpassed 2014 as a record number with the membership on key issues of people (over 2,600) took part in EFMD for management education and activities and networking events, joined development. We have played pioneering Peer Review Teams, and contributed roles in capacity building and quality articles and cases. improvement in China and in Cuba. This year saw the first new EPAS programmes The year began in Barcelona when accredited in Israel and Thailand, the first almost 400 Deans and Directors General EQUIS school in Chile and the Siemens were generously hosted by ESADE Global Learning Campus reaccredited by Business School and over the course of CLIP. the year EFMD and the members held events on five continents that covered We thank all our members for their a whole host of key themes and issues continued support and trust in the facing management education and work of EFMD. We must continue to development. be a voice supporting the importance of management education and In January we also published Volume development around the world. Two of the book series commissioned for our 40th Anniversary Securing the Future of Management Education: Competitive Destruction of Constructive Innovation? written by Professor Howard Thomas. The book drew on a series of interviews with leaders in the world of management P rof Eric Cornuel education and provided readers with a sense of the many future challenges and Director General & CEO opportunities for our sector. One very important initiative we supported in 2015 was the Business Education Jam: Envisioning the Future, Message from THE Director GENERAL 3 HIGHLIGHTS 2015 New projects on Advanced e-leadership skills and knowledge building design thinking for practitioners applied to education and training Nine recommendations for were launched, confirming EFMD’s sustainably boosting employee commitment to help business engagement through the SIG “An schools and higher education engaging place to work” report institutions adopt innovative and a dedicated Global Focus teaching and learning supplement approaches Best Practice EFMD CLIP workshop on continues its work life expectancy activities in Cuba Forward-looking companies with a large capacity- such as Google, AON, AMVBBDO, building project helping Cuban Linklaters and Wolff Olins opened universities to develop their doors to inspire leaders management education to look at new types of and training organisations First EPAS Accreditations in Israel and Thailand EPAS expands internationally Customised awarding the first Accreditation programmes in Israel Seminars and Thailand EFMD Quality Services offers more diverse seminars addressing schools’ needs for information wherever they are in the accreditation journey, including in-depth guidance during new EQUIS and EPAS XXL Global Accreditation Seminars development strategy EFMD continues to expand across all continents, accounting for 862 members in 2015 with two new countries welcomed to the network: Uruguay and Iran 4 HIGHLIGHTS Over 2600 participants www.efmd.org Volume 09 | Issue 02 | 2015 attended EFMD events Organised in 16 countries on A GLOBAL FOCUS SPECIAL SUPPLEMENT 5 continents Global Focus Wide range of “Masters Programmes” events for business special supplement schools Masters ProgrammesA special supplement of Global Focus P rofessional networks and Insights from leading specialistson and “Masters stakeholders Programmes” provided communities of practices built insights from leading specialists around thematic conferences: on the development of masters dynamic interactions, mutual programmes in North America, learning, sharing of best Europe and Australasia practices and co-creation Three new categories in the EU Co-operation case competition EFMD became a partner in The European Institute of Innovation two new multiannual framework and Technology (EIT), sponsored for contracts for services to the EU the first time the EFMD Case Writing Framework Service Contract to carry out Competition, in support of the three studies supporting European new categories: 1) Urban transition Co-operation in Education and Youth, challenges. 2) Sustainable production and Framework Service contract to systems. 3) Integrating the provide expertise and support for innovation pipeline European Co-operation in Education, Training, Youth and Sport Highlights 5 Quality Services INTRODUCTION In 2015, EFMD Quality Services (QS) designed to evaluate the quality of online EFMD formalised co-operation with continued the development of its business and/or management courses the Accreditation Organisation of the portfolio approach with EQUIS and EPAS, and to certify them. The process involves Netherlands and Flanders (NVAO) to offering business schools different quality an in-depth review of individual courses organise joint EQUIS/EPAS accreditation improvement processes. through comparison and benchmarking, visits in Dutch and Belgian Flemish considering a wide range of aspects During the Quality Services Annual business schools. such as course composition, delivery and Meeting within the EFMD Conference During 2015, EFMD QS organised a wide operations as well as the institutional for Deans and Directors General in range of events attended by more than context and quality assurance processes. Barcelona, members were updated on 290 participants to inform and update the current status of EQUIS and EPAS and To support the schools aim of achieving business schools and other stakeholders new developments in the accreditation EFMD accreditation, EFMD has fully on EQUIS and EPAS: process; the recommendations of the integrated an advisory element into • Two-day EQUIS/EPAS Accreditation Task Force on Technology Enhanced the EQUIS and EPAS systems. The Seminar focusing on in-depth Learning (TEL) and how additional Advisory Service will be mandatory understanding of the processes, related requirements were introduced for initial accreditation processes criteria and expectations: in the EQUIS and EPAS Standards and from 2016 onwards and optional at a Criteria; the EFMD Advisory Service later stage for three-year accredited – 28-29 May 2015, hosted by for Accreditation; and, the ongoing institutions. Advisors drawn from the Amsterdam Business School, developments in the areas