Awarded by: European Foundation for Management Development
Marking a major milestone in the development of management education in Asia, the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) received full accreditation from the European Foundation for Management Development (EFMD) at a meeting held on 5 July in Brussels, Belgium. EFMD is the leading management organization in Europe that promotes best practices in management development.
The HKUST Business School is the first Asian school accredited by EFMD since the Foundation introduced its accrediting mechanism the European Quality Improvement Systems (EQUIS) in 1997. To date, a total of 37 management education institutions have been accredited, mostly European schools such as Copenhagen Business School (Denmark), INSEAD (France), IMD-International Institute for Management Development (Switzerland), Cranfield School of Management and London Business School (both in UK).
Background of EFMD
The European Foundation for Management Development (EFMD), based in Brussels, is Europe's forum for information, research, networking and dialogue on innovation and best practice in management development. It has 390 member organizations in over 40 countries. Among the members are leading business schools and executive development centers, companies, public services and training agencies, management centers and institutions, consultancies, and individual members. It is the spokesman of management development in Europe.