Chicago, IL (PRWEB) April 08, 2013
In recent years the role that management education must play in developing sustainable and socially responsible enterprises, composed of ethical managers, has risen consistent with the world’s demand for accountability.
As a result, AACSB International (AACSB)—through its proposed accreditation standards, and newly established partnership with the European Foundation for Management Development (EFMD), and the Globally Responsible Leadership Initiative (GRLI)—is calling on business schools to lead the charge in the development of ethical, sustainable, and socially responsible leaders and enterprises.
The proposed standards, which will be voted on April 8th at the AACSB International Conference and Annual Meeting (ICAM) in Chicago, Ill., USA, will require that business schools more clearly educate students in ways to achieve these pillars of effective leadership.
“Society demands that management education strengthen its commitment to the formation of ethical, sustainable, and socially responsible leaders and enterprises,” said John J. Fernandes, president and chief executive officer of AACSB International. “AACSB and its European partner, EFMD, have joined together to invest in a strategic partnership with the GRLI. This partnership and our enhanced accreditation standards represent AACSB’s strong commitment to the development of ethical, sustainable, and socially responsible leaders, and to our expectation that business schools make these higher aims a critical success area.”
Through a collective network of companies and business schools, AACSB, EFMD, and the GRLI will focus on ways that industry and academic partnerships can advance the development of better leaders.
“AACSB, EFMD, and the GRLI, through our unique missions and positions, will seek to achieve measurable impact on the development of leaders with demonstrated commitment to society’s well-being,” said Michael Powell, professor and pro vice chancellor of Griffith Business School and chairman of the GRLI Board of Directors. “I look forward to working closely together with AACSB and EFMD, two of the most influential voices in management education, to encourage both business and business schools to become global advocates of change.”
As a “founding partner” AACSB and EFMD will join the GRLI Board of Directors. As such, John Fernandes, president and chief executive officer of AACSB International, and Linda Livingstone, dean of the Graziadio School of Business and Management at Pepperdine University have been named as AACSB’s two representatives.
“AACSB’s partnership with EFMD and the GRLI provides an outlet through which business schools can positively impact the development of responsible leadership in tandem with business,” said Linda Livingstone, dean of the Graziadio School of Business and Management at Pepperdine University and board member of the GRLI. “This partnership, along with AACSB’s focused commitment, will help foster change in how business schools approach ethical, sustainable, and globally responsible leadership in their program offerings, curriculum, and practices.”