AIM, EQUIS & AACSB
The news of AIM losing the European Foundation for Management Development (EMFD) EQUIS accreditation and the Association to Advance Collegiate Schools of Business (AACSB) International accreditation almost simultaneously has reached the media. A Business story from the Manila Standard Today entitled "Short of AIM" discloses that AIM lost the EQUIS and let the AACSB accreditations in the wake of events critical to the school.
From the article:
According to the grapevine, AIM no longer sought to renew the American accreditation and allowed it to lapse this year after having been informed of the European setback.
The loss of the industry accreditation comes not only as AIM celebrates its 40th anniversary but also at a time when many of its board of trustees, including chairman Jose Cuisia Jr. and vice chairman Armin Luistro, are leading protest actions against Gloria Macapagal Arroyo over, ironically, governance issues.
According to the grapevine, the European accreditation agency expressed surprise and recoil that two tenured professors of what arguably is one of region’s better business schools could be suspended for a year without pay for having organized what in effect is an academic union. (read the full article)
Being a student from this institution, I would like to participate in the dialogues AIM President Francis Estrada to know the basic stuff-- what part/s of the EQUIS accreditation process did AIM did not comply with, why did AIM voluntarily let the AACSB accreditation lapse and what should we students, incoming students and alumni expect from these turn of events.
It's rather ironic that this news comes out after the high everyone got from the 40th year anniversary. AIM has long held the distinction of being the only business school in Asia to have these two business school accreditations-- it was only quite recently that other institutions replicated the feat. So what's next for The Harvard of The East?