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Principles for Responsible Management Education Enter Development Phase

(New York, 25 September 2007) – Following the successful launch of the Principles for Responsible Management Education (PRME) at the United Nations Global Compact Leaders Summit in July, the PRME co-conveners met for the first constitutional meeting of the PRME Steering Committee on 8 September 2007 in Chicago to decide on an action plan for the constitutional period of the PRME initiative. The meeting was hosted by the Association to Advance Collegiate Schools of Business (AACSB International).

Participants in the meeting stressed that the principal change agents of the PRME are individual business schools or management-related academic institutions which are encouraged to engage in a continuous change process towards achieving the initiative’s aspirational goals. The PRME co-conveners pledged to encourage an initial group of 100-150 business schools and related institutions to endorse the PRME during this constitutional period. The main role of this group of early adopters will be to learn from each other and prepare a set of good practices on implementation and reporting of the PRME.

To this effect, participants agreed to produce a light adoption procedure, with each convening institution formulating its action plan in terms of outreach and recruitment of academic institutions as early adopters.

This constitutional period will lead to a Global Forum on Responsible Management Education to be convened by the end of 2008.

On issues related to the PRME governance, the co-conveners voted to form the PRME Steering Committee with the option to invite other organizations to be part of this body at a later stage, and accepted GMAC as further member. The Steering Committee comprises AACSB International, EFMD, the Aspen Institute’s Business and Society Program, EABIS, GMAC, GRLI, and NetImpact. The UN Global Compact Office was asked to serve as the initiative’s secretariat.

On 11 September 2007, AACSB International announced the decision of its Board to officially and unanimously endorse the PRME, and to promote the initiative among its membership. Speaking at the AACSB’s Continuous Improvement Conference in Saint Louis on 19 September, Thunderbird Business School Dean Angel Cabrera, called the PRME “a continuous improvement framework in the area of global citizenship education and research. The PRME initiative is not an accreditation system, but rather a complement—not a substitute—of existing accreditation and quality assurance systems”.

Finally, on 21 September, EABIS held its Annual Meeting and Conference in Barcelona. The Board of EABIS formally endorsed the PRME, followed by the first European presentation of the initiative. Gerard Van Schaik, Chairman of the EFMD, Anders Aspling, Executive Director of GRLI, Gilbert Lenssen, Chair of EABiS, and Dr. Manuel Escudero, Head of the PRME Secretariat, outlined the scope and meaning of the PRME to an audience of European scholars as well as representatives of European Business Schools.

Media Contact:

Matthias Stausberg