LAMEMBA and AACSB International Announce Agreement

LAMEMBA and AACSB International (AACSB) have entered a cooperative agreement to advance business education in Indonesia. Through the agreement, both organizations will work together to improve mutual understanding of their respective global accreditation activities, explore synergies, and collaborate through shared events. The agreement will also allow them to explore the standards of each organization and help decrease accreditation fatigue for schools in the country.

Established in 1916, AACSB provides quality assurance, business education intelligence, and professional development services to over 1,800 member organizations and more than 900 accredited business schools worldwide. As the longest-serving and largest business education network, AACSB connects lifelong learners, educators, and businesses worldwide.

LAMEMBA is an independent accreditation body that provides quality assurance or accreditation for economics, management, business, and accounting (EMBA) programs in Indonesia. Its mission is to develop capacity and competitiveness of EMBA study programs, implement a new paradigm of accreditation, and to increase the relevance of contribution of business programs both nationally and internationally. AACSB has four accredited schools in business in Indonesia currently.

"We are delighted to be collaborating with LAMEMBA so that together we can continue build and enhance the quality and value of business education in Indonesia,” said Stephanie Bryant, global chief accreditation officer of AACSB. “The depth of experience and coverage of LAMEMBA in the country will truly complement AACSB’s work in global business education.”

The agreement is in effect for five years, with an opportunity for renewal at the end of the period.