Ashridge Business School Annual Report

Ashridge Business School Annual Report

Annual Report 2011-2012 Association of Masters in Business Administration

Chair’s Report

It has been a busy year of growth and development for the Association of MBAs, with the delivery of the new three year  strategy. This focuses on four core priorities – internationalisation, integration, quality and collaboration, as the Association continues with its commitment to deliver a world class accreditation service, an enhanced membership proposition, and to engage with employers and inform potential MBA students. We have seen accreditation grow worldwide and quality
standards in postgraduate management education upheld as a result of the hard work and commitment of the accreditation team at the Association and our extended family on the International Accreditation Advisory Board and the Faculty of Assessors.
The Association’s Chief Executive, Sharon Bamford was instrumental in the creation and delivery of the strategic plan and new initiatives in conjunction with the Board and the team at the Association. She decided to leave the organisation at the end of  August 2012 to pursue her own entrepreneurial ventures. We thank her for her contribution. While seeking a new Chief  Executive, the Board of Trustees and the Chief Operating Officer are overseeing the management and the delivery of
Association’s strategy. During the year, the Board started a review to re-assess its governance and structure to ensure the  Board continues to best reflect the Association’s development and its charitable and business activities. This includes
looking at further strengthening the representation of deans and employers to increase the Board’s breadth and balance of educational experience. The Board also conducted more of its work through committees, in order to allow the full Board more time to devote to key issues concerning the business. The Finance and Risk Committee has met regularly throughout the year. Its chief purpose is to oversee the Association of MBAs’ internal financial control and risk management systems, to ensure its accounting procedures are in line with company and charity accounting rules and best practice and that they are kept up to date. The HR Committee continued its brief to advise the main board on HR matters. The Governance Group was set
up to review and update the Articles of Association to ensure the governance of the Association still reflects the charitable  objectives and its stakeholders, corporate strategy and best practice.