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EFMD - (The European Foundation For Management Development)

EFMD - (The European Foundation For Management Development) Based in Brussels the EFMD is a body representing Business Schools, Management Colleges and the Management Training and Development interests of Organisations. Business School and Companies are eligable to be members of EFMD. The former have to satisfy certain criteria and to be accepted into membership by the other Schools. The latter are often the Corporate clients of the Business Schools - so the EFMD is unusual in representing both the supply and the market sides of the management education business The EFMD represents Schools and not just MBAs In response to what it saw to be a need for a European accreditation system for Schools (not just MBAs) the EFMD in 1997 set up EQUIS (The European Quality Improvement System).The number of Schools seeking and being accredited under this scheme is increasing - but it is still relatively new. The interests of the EFMD and thus the coverage of EQUIS is also beginning to extend beyond Europe.