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Annual Report 2014

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Annual Report 2014 The Leading International Network for Management Development Message from the President 02 Message from the Director General 03 Section 1: 2014 Highlights 04 Section 2: Quality Services 06 Section 3: Network Services 10 Section 4: Development Services 24 Section 5: Publications 40 Section 6: EFMD Membership 44 Section 7: Governance 48 Section 8: EFMD Team 50 Section 9: Financial Statements 2014 54 Section 10: Auditors Report 60 Section 4: Development Services 24 Section 5: Publications 40 Section 6: EFMD Membership 44 Section 7: Governance 48 Section 8: EFMD Team 50 Section 9: Financial Statements 2014 54 Section 10: Auditors Report 60 www.efmd.org Message from THE PRESIDENT Dear EFMD member, The community that supports EFMD has 2014 was another strong year for EFMD. grown into a worldwide body that EFMD The engagement of the network in is very proud to serve. We thank you for conferences, seminars, accreditations, your continued support and trust in the cases and publications is at the highest network. level we have seen and for that we are Finally, I would like to share a great very thankful for the ongoing support personal success for Eric Cornuel, as offered to EFMD by the membership. in December 2014 he was awarded I think the key word across all sectors the National Order of the Legion of in 2014 was “disruption”. What does Honour by the President of the French that mean for our businesses and Republic. The Order, which is the highest organisations and what role is “social decoration in France, recognises his media” going to play in our day-to-day eminent merits in the area of higher lives? education, research, leadership and the development of EFMD into one of Both questions are very valid but I really the most important global education do sense a changing mood in many networks. It is a fantastic honour for Eric sectors and particularly in education, and EFMD that is richly deserved. where things likes MOOCs are now seen as a valuable addition to the portfolio of I congratulate Eric Cornuel and his team services a school can offer rather than a for all their ongoing hard work and threat to our very existence. professionalism and another successful year. The same can be said for social media – yes people are now wonderfully connected but is it very “social”? I do not think it is. While the online world has a great deal to offer people, personal meetings, sharing and interaction with each other is a vital component of life and is the cornerstone of EFMD and its values. Alain Dominique Perrin President EFMD ANNUAL REPORT 2014 : MESSAGE FROM THE PRESIDENT 2 Message from THE Director General Dear EFMD member, EFMD and the network are well I am very pleased to report that 2014 was positioned for the years ahead. another successful year for EFMD and However, I do think our whole industry the international network. People are at needs to reflect on the purpose, value the heart of EFMD and your commitment and legitimacy of our business schools and support for the work we do is very and other institutions. I also strongly feel rewarding for all of us who have the that individually and as a community, we privilege to work for EFMD. should be more vocal about our positive impact and the enormous value for During 2014, a record number of people society that our organisations bring. (over 2,500) took part in EFMD activities and events, joined Peer Review Teams, Many of the world’s great challenges and contributed articles and cases. I are linked to a lack of leadership and always find great pleasure in attending management. Our role in helping EFMD events to see the network in to develop and inspire students, action: warm and generous hosts, great entrepreneurs, innovators, generate new speakers, the sharing of ideas, and the ideas and insights, and foster employees value of networking and making new with a sense of purpose and well-being connections. at work is as important as it has ever been. We must continue to be a voice The year saw a milestone anniversary for for the importance of management one of EFMD’s most successful projects, education and development around the the celebration of the 20th anniversary world. of the establishment of CEIBS (China Europe International Business School) in Shanghai. Thirty years ago, EFMD took its first steps in China when the European Commission approached us in 1984 to develop and implement a two-year full-time modular MBA programme. The founding of CEIBS came 10 years later. I Prof. Eric Cornuel think our society often forgets that things Director General & CEO, EFMD take time, hard work and commitment but what has been achieved at CEIBS over the last two decades is remarkable. EFMD ANNUAL REPORT 2014 : MESSAGE FROM THE DIRECTOR GENERAL 3 01 Highlights An Engaging Place to Work – New Corporate SIG 2014 Representatives from Allianz, Alstom, Baloise, Mazars, Merck/ MSD, Pirelli, Raiffeissen Bank First EPAS Accreditations in International, Repsol, Swiss Re, UBS Indonesia and Latvia and UniCredit explored strategies surrounding building the “workplace EFMD awarded EPAS accreditations of your dreams”, at this new EFMD for the first time to programmes in Corporate Special Interest Group Indonesia and Latvia EFMD Corporate Services EFMD Counts Record Numbers Webinars – Bridging the Gap at Events! EFMD’s successful run of webinars EFMD saw a high appreciation from dedicated to companies and the network for several of its events, Learning & Development providers evidenced by the record number of proved to be an excellent bridging participation. These events include activity the EFMD Annual Conference, EFMD Conference for Deans and Directors General as well as the EFMD Entrepreneurship Conference High Interest in QS Accreditation Seminars and Information Sessions Successful Kick-off – EFMD More than 400 participants (ESMU) Humane Winter School appreciated the in-depth guidance and insight into the different levels of EFMD Programme accreditation processes This collaboration, which was a valuable experience to participants, develops the leadership potential of senior university administrators First EQUIS Accreditation in Egypt Egypt joins the growing body of countries where EQUIS accredited schools are located HIGHLIGHTS : 2014 4 Global Focus Edition in Spanish EFMD launched a Special Issue of EQUIS – the Gold Standard for Global Focus in Spanish titled, “La conexión correcta?¿Qué quiere el Business School Accreditation mundo empresarial de las escuelas Della Bradshaw from the Financial Times de negocio?” acknowledged that the gold standard for business school accreditation is a 5-year accreditation from EQUIS Volume 2 – EFMD’s 40th Anniversary Book The second Volume of EFMD’s 40th EFMD Director General & CEO Anniversary book, Promises Fulfilled and Unfulfilled in Management Receives International Recognition Education: Securing the Future of EFMD was pleased to celebrate in 2014, the Management Education Competitive recognition bestowed on Eric Cornuel for his Destruction or Constructive leadership efforts in the field of management Innovation, was published in education. He was awarded the French January National Order of the Legion of Honour as well as the John J. Fernandes Strategic Leadership Award Record numbers for Outstanding Doctoral Research Awards The number and quality of entries 45 EFMD Projects in 52 for this award continues to improve Countries with a record 495 entries from 77 countries received By the end of 2014, EFMD has been involved in over 45 projects creating consortia with more than 280 partners from universities to associations and networks, Increased Membership Growth Outside covering 52 countries in four Europe continents. EFMD welcomed an increased number of new members from Asia, Oceania-Australia, North America, South America, Africa and MENA, which reinforces its global development strategy HIGHLIGHTS : 2014 5 02 Quality Services INTRODUCTION EFMD Quality Services (QS) continued its In the course of 2014, the QS team portfolio strategy during 2014, offering organised a wide range of other events, business schools the differing quality attended by over 400 participants, improvement processes – EQUIS, EPAS to bring business schools and other and EDAF. stakeholders up to date on EQUIS, EPAS The QS Annual Meeting, part of the EFMD and EDAF: Conference for Deans and Directors • Two-day EQUIS/EPAS Accreditation General in Gothenburg, Sweden, in Seminars focusing on in-depth January, detailed the current status of understanding of the processes, EQUIS, EPAS and EDAF. This included criteria and schools’ expectations updates within the EFMD accreditation – 20–21 March, hosted by EDHEC and development services such as Business School, Paris EQUIS revised policies on Multi-campus Operations, Collaborative Provision and – 14–15 October, hosted by Imperial Major Institutional Changes; inclusion College Business School, London of the Ethics, Responsibility and – 25–26 November, hosted by Sustainability (ERS) dimension in EPAS Thammasat Business School, assessment criteria; and the decoupling Bangkok, in collaboration with of the mentoring aspect from the EDAF EFMD Global Network Asia evaluation exercise. • Quality Services Information In June 2014, QS organised a Roundtable Sessions and half-day Seminars on New Technologies and Accreditation – 13–15 April, at the EFMD Conference during the EFMD Annual Conference in in the MENA Region, Marrakech, In the course of 2014, Vienna. This resulted in the establishment hosted by HEM – Institut des Hautes of a Task
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