Leadership and Governance

Purpose

The Audit and Risk Committee assists the board in fulfilling its fiduciary responsibilities relating to financial integrity, risk oversight, internal controls, and audit effectiveness. The committee provides oversight and assurance and does not assume management responsibilities.

Structure

The Audit and Risk Committee is composed of up to five, but no less than three, members of the board, including the secretary-treasurer and the chair of the Finance and Investment Committee, who serve as ex officio members of the committee. Committee members may serve a one-year term, renewable for up to three consecutive terms. The vice chair shall designate one committee member to serve as committee chair for a one-year term, renewable for up to three consecutive terms. The vice chair shall also designate one committee member to serve as committee vice chair, who shall act as chair in the absence of the committee chair. The composition of the committee should reflect AACSB’s regional representation as well as varied perspectives, backgrounds, and experiences.

Members

To be announced.

Purpose

The Executive Committee advises the board chair and president and CEO on matters pertaining to the board’s business and staff operations. Between meetings of the board, the Executive Committee may act on behalf of the entire board if the full board’s participation is not feasible or warranted.

Structure

The Executive Committee is composed of the board chair, board vice chair, immediate past chair, board secretary-treasurer, the president and CEO, and up to two additional directors appointed by the vice chair. In the event the immediate past board chair is unable to serve, the person designated by the current board chair and approved by the board will serve.

The board chair serves as Executive Committee chair. Committee members also serving as board officers may serve a one-year term, renewable for up to three consecutive terms. Each of the additional directors may serve a one-year term, renewable for up to two consecutive terms. The composition of the committee should reflect AACSB’s regional representation as well as varied perspectives, backgrounds, and experiences.

Members

To be announced.

Purpose

The Finance and Investment Committee assists the board in fulfilling its fiduciary responsibilities relating to financial condition and asset safeguarding. The committee provides oversight and does not assume management responsibilities.

Structure

The Finance and Investment Committee is composed of up to five, but no less than three, members of the board, including the secretary-treasurer and the chair of the Audit And Risk Committee, who serve as ex officio members of the committee. Committee members may serve a one-year term, renewable for up to three consecutive terms. The vice chair shall designate one committee member to serve as committee chair for a one-year term, renewable for up to three consecutive terms. The vice chair shall also designate one committee member to serve as committee vice chair, who shall act as chair in the absence of the committee chair. The composition of the committee should reflect AACSB’s regional representation as well as varied perspectives, backgrounds, and experiences.

Members

To be announced.

Purpose

The Governance Committee provides oversight of AACSB’s governing documents, namely the Articles of Incorporation, Bylaws, and Governance Manual. The Governance Committee advises the board on good governance practices to ensure board effectiveness.

Structure

The Governance Committee is composed of up to five, but no less than three, members of the Board. Committee members may serve a one-year term, renewable for up to three consecutive terms. The vice chair shall designate one committee member to serve as committee chair for a one-year term, renewable for up to three consecutive terms. The vice chair shall also designate one committee member to serve as committee vice chair, who shall act as chair in the absence of the committee chair. When prudent, the committee chair may invite an AACSB member or others with expertise in governance to assist the committee in its work. The composition of the committee should reflect AACSB’s regional representation as well as varied perspectives, backgrounds, and experiences.

Members

To be announced.

Purpose

The Nominating Committee assists the board by leading a structured, objective, and inclusive nominating process to identify, evaluate, and recommend qualified candidates for board officers and directors roles. The committee ensures that board composition, succession, and leadership continuity align with the organization’s mission, strategic priorities, and governance standards.

Structure

The Nominating Committee is composed of up to 11, but no less than nine members, and shall include the following:

• The board chair (who serves as Nominating Committee vice chair)
• The board vice chair
• The immediate past board chair (who serves as Nominating Committee chair), or in the event the immediate past board chair is unable to serve, the person designated by the current board chair and approved by the board
• Up to two additional board members designated by the Nominating Committee chair and approved by the board
• The chair (or other council member designated by the council chair) of each of the five regional advisory councils
• The president and CEO as a non-voting ex officio member

The composition of the committee should reflect AACSB’s regional representation as well as varied perspectives, backgrounds, and experiences.

Members

To be announced.

Purpose

The purpose of the Asia Pacific Advisory Council (APAC) is to advise the AACSB Board of Directors and staff on key issues and challenges, and assist in setting priorities related to business education and AACSB’s activities and engagement in the Asia Pacific context.

Structure

APAC is composed of a chair and up to 11 additional members appointed by the vice chair. Of the 12 members, at least five are deans or those holding similar leadership roles representing AACSB-accredited organizations located in the Asia Pacific region. The remainder may be deans or those holding senior leadership roles representing Asia Pacific institutions that, at the time of appointment, are either member organizations, member organizations formally accepted into the AACSB initial accreditation process, or representatives from business organizations or business practice. APAC may, on occasion, include members from outside the region who possess expertise in, or have experience in, the Asia Pacific region.

Members

To be announced.

Purpose

The purpose of the Business Influencer Council (BIC) (formerly Business Practices Council) is to serve as an ongoing partnership between the business community and business schools. Council members are invited to bring their perspectives, expertise, and insights to discussions as the BIC improves business education worldwide and engages with the AACSB network in matters of mutual advantage. 

Structure

The BIC is composed of a chair, four business school faculty, and fourteen members of the business community, with the public, private, and social sectors represented. One business practices member from each regional advisory council may also be appointed to the BIC.  

Members

To be announced.

Purpose

The purpose of the European Advisory Council (EAC) is to advise the AACSB Board of Directors and staff on key issues and challenges, and assist in setting priorities related to business education and AACSB’s activities and engagement in the European context.

Structure

EAC is composed of a chair and up to 11 additional members to be appointed by the vice chair. Of the 12 members, at least five are deans or those holding similar leadership roles representing AACSB-accredited organizations located in Europe. The remainder may be deans or those holding senior leadership roles representing European institutions that, at the time of appointment, are either member organizations, member organizations formally accepted into the AACSB initial accreditation process, or representatives from business organizations or business practice. EAC may, on occasion, include members from outside the region who possess expertise in, or have experience in, the European region.

Members

To be announced.

Purpose

The purpose of the Latin America and Caribbean Advisory Council (LACAC) is to advise the AACSB Board of Directors and staff on key issues and challenges, and assist in setting priorities related to business education and AACSB’s activities and engagement in the Latin American and Caribbean context.

Structure

LACAC is composed of a chair and up to 11 additional members appointed by the vice chair. Of the 12 members, at least five are deans or those holding similar leadership roles representing AACSB-accredited institutions located in Latin America or the Caribbean. The remainder may be deans or those holding senior leadership roles representing Latin American or Caribbean institutions that, at the time of appointment, are either member organizations, member organizations formally accepted into the AACSB initial accreditation process, or representatives from business organizations or business practice. LACAC may, on occasion, include members from outside the region who possess expertise in, or have experience in, the Latin American and Caribbean region.

Members

To be announced.

Purpose

The purpose of the Middle East and Africa Advisory Council (MEAAC) is to advise the AACSB Board of Directors and staff on key issues and challenges, and assist in setting priorities related to business education and AACSB’s activities and engagement in the MEA context.

Structure

MEAAC is composed of a chair, and up to 11 additional members appointed by the vice chair. Of the 12 members, at least five are deans or those holding similar leadership roles representing AACSB-accredited organizations located in the Middle East and Africa. The remainder may be deans or those holding senior leadership roles representing Middle Eastern and African institutions that, at the time of appointment, are either member organizations, member organizations formally accepted into the AACSB initial accreditation process, or representatives from business organizations or business practice. MEAAC may, on occasion, include members from outside the region who possess expertise in, or have experience in, the MEA region.

Members

To be announced.

Purpose

The purpose of the North America Advisory Council (NAAC) is to advise the AACSB Board of Directors and staff on key issues and challenges, and assist in setting priorities related to business education and AACSB’s activities and engagement in the North American context.

Structure

NAAC is composed of a chair, and up to 11 additional members appointed by the vice chair. Of the 12 members, at least five are deans or those holding similar leadership roles representing AACSB-accredited organizations located in North America. The remainder may be deans or those holding senior leadership roles representing North American institutions that, at the time of appointment, are either member organizations, member organizations formally accepted into the AACSB initial accreditation process, or representatives from business organizations or business practice. NAAC may, on occasion, include members from outside the region who possess expertise in, or have experience in, the North America region.

Members

To be announced.