Monday, 14 April 2008

principles for responsible management education

More than 100 business schools and universities from around the world had adopted the Principles for Responsible Management Education (PRME or “Prime”), the Head of Academic Initiatives at the United Nations Global Compact Office announced April 7th at Headquarters.

20 of which were among the 100 top-ranked business schools -- would incorporate the six principles of Prime into their core curriculum and the values of sustainability and social responsibility that were portrayed by the United Nations Global Compact. Participants in Prime would become powerful “multipliers” of the United Nations values of peace and poverty alleviation, and of business as good corporate citizens.

According to the six principles, endorsing business schools and universities pledge, among other things, to develop the capabilities of students to be future generators of sustainable value for business and society; to incorporate into their academic activities and curricula the values of global social responsibility; to create educational frameworks, materials, processes and environments that would enable effective learning experiences for responsible leadership; and to engage in conceptual and empirical research that would advance understanding of corporations’ impact in the creation of sustainable social, environmental and economic value.

They also pledge to interact with managers of business corporations to extend institutions’ knowledge of the corporations’ challenges in meeting social and environmental responsibilities; and facilitate and support dialogue and debate among educators, business, Government, consumers, media, civil society and other stakeholders on critical issues related to global social responsibility and sustainability.

the Global Compact -- together with the Association to Advance Collegiate Schools of Business (AACSB International), the European Foundation for Management Development (EFRMD), the Aspen Institute’s Business and Society Program, the European Academy for Business and Society (EABIS), the Globally Responsible Leadership Initiative (GRLI), the Graduate Management Admission Council (GMAC) and Net Impact -- had created a steering committee that was coordinating all activities. It would organize a Global Forum for Responsible Management Education on 1 and 2 December at United Nations Headquarters to take stock of progress made and exchange experiences.

a regional network of Global Compact participants was launched in Dubai that would serve as facilitator and catalyst for all Global Compact-related activities in the Gulf region.

The schools that had adopted the principles had to submit a yearly report to the stakeholders on their performance, he answered another correspondent’s question. Those reports would be available on Prime’s website: It was indeed true that some companies had been de-listed from the Global Compact, because of their failure to report on the implementation of the Compact’s principles. Details of the de-listing could be found on the Compact’s website:
[full article]

P.S: Talal Abu Ghazaleh School of Business - German University is part of it, while Jordan University School of Business is NOT!!

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