Written by: Stephanie Bryant
Published by: AACSB Blog
MBA News Digest Comment: None.
Extracted Content: Today is a great day for AACSB, our membership, and business education! I’m very proud to relay to you that the 2020 business accreditation standards are officially adopted! For quite a while it looked like we would have to delay the vote by the Accreditation Council since we could not have an in-person business meeting at ICAM this past April, as planned. Luckily, we were able to utilize a written consent process allowed by the statutes of the state of Florida to gain approval by the Accreditation Council.
The written consent process was far more arduous than a show of hands at the annual business meeting, which is the traditional route for gaining approval to adopt new standards. The traditional process requires approval by a simple majority of accredited school designated representatives who are in attendance at the annual business meeting. For example, if 300 representatives are present, 151 affirmative votes would be required to approve the new standards. In contrast, the written consent process requires a majority of the entire Accreditation Council—874 schools as of April 27—to provide explicit consent over a 90-day period. This was altogether a much more daunting task.