EQUIS Governance

EQUIS Accreditation Board

The EQUIS Accreditation Board is composed of representatives of high profile organisations that are stakeholders in the quality improvement of management education. It evaluates the Peer Review Reports on schools that are applying for EQUIS accreditation and, based on their recommendations, makes the final decision to confer EQUIS accreditation upon those management education institutions that have demonstrated excellence at an international level. The Accreditation Board normally meets three times a year at the request of the EQUIS Director.

logo pdf More information about the role and functioning of the EQUIS Accreditation Board.

International Academic Members

  • Thomas Bieger, President, University of St. Gallen, CH
  • Martin Boehm, Dean, IE Business School, ES
  • Per Cramér, Dean, School of Business, Economics and Law, University of Gothenburg, SE
  • Ali Dastmalchian, Dean, Beedie School of Business, Simon Fraser University, CAN
  • Steven DeKrey, Associate Dean, School of Business and Management, Hong Kong University of Science and Technology, CN
  • Maria de Lourdes Dieck Assad, Dean Emeritus, EGADE Business School, Tecnológico de Monterrey, MX
  • Arnoud De Meyer, President, Singapore Management University, SG - Chairman of the EQUIS Accreditation Board
  • Michael Frenkel, Associate Dean for International Relations and Diversity and Former Dean, WHU - Otto Beisheim School of Management, DE
  • Robin Mason, Pro-Vice Chancellor (International), University of Birmingham, UK
  • Gill Palmer, Vice Chancellor's Delegate, RMIT University & Honorary Professor, School of Economics, Finance and Marketing, AU
  • Baris Tan, Vice-President for Academic Affairs, Koç University, TR
  • Metka Tekavcic, Dean, Faculty of Economics, University of Ljubljana, SI
  • Lin Zhou, Dean, Antai College of Economics & Management, Shanghai Jiao Tong University, CN

International Corporate Members

  • Laurent Choain, Chief People and Communication Officer, Mazars, FR
  • François Cornélis, Former Vice-Chairman of the Executive Committee & President of Chemicals, Total, B
  • François Xavier Cornu, Former Deputy Director General of Education, Research and Training, Chambre de Commerce et d'Industrie de Paris Ile-de-France, FR
  • Neslihan Tozge, Director and Founder at GTIS LLP, London, Global Talent Intelligence Strategie, UK

+ 2 voting representatives of the EQUIS Committee (rotating)

Non-voting Members

  • David Asch, EQUIS Director, EFMD
  • Eric Cornuel, Director General & CEO, EFMD
  • Michael Osbaldeston, Associate Director, Quality Services, EFMD

EQUIS Committee

The EQUIS Committee, composed of academic and corporate representatives, advises the EQUIS Director on the strategic development of EQUIS. All major decisions concerning policy, standards and procedures are submitted to the EQUIS Committee for consultation. The EQUIS Committee approves the Eligibility of schools that are applying for EQUIS accreditation. The EQUIS Committee normally meets three times a year at the request of the EQUIS Director, who chairs the meetings.

logo pdf More information about the role and functioning of the EQUIS Committee.

Ex Officio Members

  • David Asch, EQUIS Director, Chairman of EQUIS Committee
  • Eric Cornuel, Director General & CEO, EFMD
  • Eric Waarts, Professor and Dean Degree Programs, Rotterdam School of Management, Erasmus University, Netherlands, & EQUAL Chairman
  • Martin Schader, Associate Director, Quality Services, EFMD

International Academic Members

  • Ingmar Björkman, Dean, Aalto University School of Business, FI
  • Marion Debruyne, Dean, Vlerick Business School, BE
  • Alice Guilhon, Dean, SKEMA Business School, FR
  • Frank Horwitz, Former Director & Director, MSc in International HR Management, Cranfield School of Management, UK
  • Hirokazu Kono, Dean, Keio Business School, Keio University, JP
  • Konstantin Krotov, Head of School, Graduate School of Management, St. Petersburg University, RU
  • Jos Lemmink, Former Dean, School of Business and Economics, Maastricht University, NL
  • Peter Moizer, Dean, Leeds University Business School, University of Leeds, UK
  • Karim Seghir, Chancellor, Business School, Ajman University, UAE
  • Giuseppe Soda, Dean, SDA Bocconi School of Management, IT
  • Robina Xavier, Executive Dean, QUT Business School, QUT - Queensland University of Technology, AU

International Corporate Members

  • Hans Buss, Former Senior Executive of Unilever, DE
  • Hanneke Frese, Founder, FreseConsulting and Former Head of Group Capabilities, Zurich Financial Services, CH



EQUIS Fee Structure

The total fee for the EQUIS process is € 42.250 (5-year accreditation); € 35.750 (3-year accreditation) or € 26.000 (non-accreditation) for new applications submitted between 1 January 2015 and 31 December 2015 or for accredited schools starting the re-accreditation process between 1 January 2015 and 31 December 2015. The fee schedule at the time of the (re-)application remains valid throughout that cycle of the School’s accreditation process.

Application Fee € 9.750

Invoiced on receipt of the finalised datasheet and must be paid by the date of the EQUIS Committee in order to be presented for eligibility. For accredited Schools, due at the time of starting the re-accreditation process.

Review Fee € 16.250

Due 30 days before the School is due to be presented to the EQUIS Awarding Body for (re-)accreditation.

Accreditation Fee    
If (re-)accreditation € 9.750 / 3 years € 16.250 / 5 years
If non-accreditation € 0  

The accredited schools have 2 options regarding the final payment:

Option 1

  • The above amount can be paid in annual instalments of € 3.250, each year no later than 30 days after the date on which the Awarding Body conferred the EQUIS label.

Option 2

  • The above amount can be paid at once no later than 30 days after the date on which the Awarding Body conferred the EQUIS label.

Travel, lodging and other direct expenses as incurred by Briefing Visit experts and Peer Reviewers are to be paid without delay by the institution, on submission of receipts.

Peer reviewers will be asked to keep intercontinental travel below € 6.000. If the estimated cost exceeds this amount, prior approval must always be sought from the School, copying the EQUIS Office.

Schools withdrawing between the Briefing Visit and the date of the EQUIS Committee meeting when their eligibility would have been assessed will be charged a withdrawal fee of € 1,500.

Should the School decide to cancel or postpone the Peer Review visit, the School will be liable for any non-refundable costs incurred by the Peer Reviewers at that time.

Any postponement, rescheduling or cancellation of the Peer Review will require the payment of an administration fee of € 1.500 should this occur more than 6 months in advance of the planned PRV date. A fee of 5.000 will be charged should this occur within 6 months of the scheduled PRV date.

In order to advance in the accreditation process, a School must be up to date in all its payments to EFMD.

EQUIS Guides

Basic Introduction

logo_pdf Quality Services Brochure

Core Documents

EQUIS-Standards-and-Criteria EQUIS-Process-Manual EQUIS-Process-Manual-Annexes
EQUIS Standards & Criteria 2018

There are no major changes to the EQUIS Standards and Criteria since January 2017

EQUIS Process Manual 2018

List of Changes to the EQUIS Process Manual since Jan. 2017 - coming soon

EQUIS Process Manual Annexes 2018

List of Changes to the EQUIS Process Manual Annexes since Jan. 2017 - coming soon

Supporting Documentation for the Accreditation Process

Other Documents


Previous documents

logo_pdf EQUIS Standards & Criteria 2017
logo_pdf EQUIS Process Manual 2017
logo_pdf EQUIS Process Manual Annexes 2017 

EQUIS Key Timings

The EQUIS accreditation process may take from one to two years to be completed. The following deadlines apply to each stage of the accreditation process:

  • Stage 0 : Enquiry
    Can be done at any time by phone or in person or, if required, in consultation with EFMD Advisory Services.

  • Stage 1 : Application
    The formal application should be received at least three months before the meeting of the EQUIS Committee that is usually held in March, June and November.

  • Stage 2 : Briefing Visit
    This half-day on-site visit must take place at least two weeks before the meeting of the EQUIS Committee. This Committee decides on eligibility for entry into the process.

  • Stage 3 : Eligibility
    Eligibility is granted for a period of maximum two years. Within this period the School must host a Peer Review Visit. The Peer Review Visit needs to be scheduled at least nine months before it takes place. The School has to inform the EQUIS office about its accreditation process planning within two months after the eligibility decision.

  • Stage 4 : Self-Assessment
    The Self-Assessment Report must be submitted six weeks before the date of the Peer Review Visit.

  • Stage 5 : Peer Review
    The Peer Review Visit should take place at least ten weeks before the EQUIS Awarding Body meeting during which the School will be presented (meetings are usually held mid-April, mid-June and mid-December).

  • Stage 6 : Accreditation
    Accreditation is granted for three or five years.

  • Stage 7 : Continuous Improvement
    Three-year accredited schools have to submit a progress report one year and two years after the accreditation decision. Five-year accredited schools have to submit a mid term report 30 months after the accreditation decision. A school has to submit the re-accreditation application form one year before the accreditation expires.

The Key Timings of the EQUIS process are summarised in the diagram below.

EQUIS KeyTiming