EFMD Annual Conference 2014: Annual General Assembly

General assembly cover

 According to Alain Dominique Perrin, the year started positively with the largest number of Deans at the Annual Dean’s Conference in Istanbul. 2300 members have attended events and seminars throughout the year. Problems in the economic cycle mean that business schools are facing many challenges. EFMD is a source of knowledge and sharing of best practices to help them overcome these problems. Mr. Perrin then thanked everyone for attending conferences, being a part of PRT and making contributions on boards.

Alain Dominique Perrin then asked the assembly to ratify the new members into EFMD.

Professor Susan Cox and Professor Alberto Grando had their mandates to the Board extended. Sadly, Thomas Sattelberger left the Board but was thanked for his valuable contribution over the years he was present at EFMD.


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Thomas Sattelberger contributed as an EFMD board member for the past 15 years.

Thomas Sattelberger expressed his joy over the last 21 years at EFMD and 15 years on the Board. He stated that it gave him inside knowledge into international business perspectives. The EFMD is now in a strong financial position. Corporations still need to be strengthened within the organization however. They are needed so that we can engage in lively debates that move us forward.


Eric Cornuel summarized main points of EFMD expansion in the recent past.

Eric Cornuel outlined that EFMD had gained 120 members in the past 5 years which is equal to a 20% growth. There are 825 members in Europe alone which accounts for 50% of total members. In 1972, EFMD was almost completely European but by 2000 this had changed. In 2000, no events took place outside Europe but today EFMD is heading towards a balanced situation with the rest of the world. EFMD prefers medium sized events because it allows people to interact more with each other and gives a more intimate feel to the conference. About 261 accreditations have been given out by EFMD. They have now implemented a special reaccreditation for schools that have had EQUIS for 5 years, three times in a row. A transversal criteria has been introduced into EQUIS – ERS. But there is also a certain degree of risk management that has now been introduced as well. EDAF has brought in a diverse group of schools from across the world.

GMAC has worked with EFMD for 20 years and they are currently working on a Corporate Recruiters Survey. These will prove to be very useful for business schools.

Eric Cornuel also thanked Howard Thomas for writing books on Management education for EFMD. Also, 30 high quality cases were submitted to EFMD and will be show cased in St. Gallen in october.


Lead by example. EFMD displayed positive financials.

Michael Page thanked Eric and the other member of the Board and the team that EFMD is in a healthy financial situation. Operating revenue increased by 5.6% in 2013 mainly thanks to the events and quality services. EFMD now has a surplus of 174 000 euros for the year. This is a sign of good leadership. EFMD is spending in a prudent way with a buffer of around 2%. It has positive cash flow of 450 000 euros. In total membership contributes about 40% of revenues; 33% comes from quality service.  18% comes from the conferences.

He outlined that the key development areas in the coming years include the training of staff and the development of online services and websites as well as the investment in IT systems.  Operating revenues for 2014 are predicted to be around 7.2 M euros. However, there will be a slightly reduced surplus due to the fee structure of the Global Network  and the running of the offices in Geneva and Miami.


Eric Cornuel signs an agreement with AHRMIO

The Annual General Assembly was concluded with the signing of an agreement between EFMD and the Association for Human Resource Management in International Organisations (AHRMIO). Created in 1999, this not for profit organization today has some 70 members. Its stated mission is to further “the management of people in not-for-profit international organizations in the governmental and non-governmental sectors.” Its activities will be integrated into those of  EFMD.





Alain Dominique PerrinAlain Dominique Perrin

Mr. Alain-Dominique Perrin served as the Chief Executive Officer of Richemont SA’s Group Management Board until October 2003. Mr. Perrin served as a Member of Richemont SA, a directly held, wholly owned subsidiary of Compagnie Financière Richemont SA, which functions as the Management Board since 2000. Mr. Perrin joined Cartier in 1969 and served ultimately as President of Cartier International SA. He has been responsible for the creation of the Fondation Cartier pour l’Art Contemporain in Paris and the launch of the annual Salon Internationale de la Haute Horlogerie. He serves as Ecole des Dirigeant et Créateur d’entreprise, Musée du Jeu de Paume and Fondation Cartier pour l’Art contemporain. He serves as Director of LeNôtre S.A and EFMD (European Foundation for Management Development). He has been a Director of Belvedere Société Anonyme since June 25, 2004. He has been a Non-Executive Director at Compagnie Financiere Richemont SA since April 4, 2010 and served as its Executive Director from September 2003 to April 1, 2010. He serves on the Management Committees of a number of Non-Profit Organisations and is President of the Ecole des Dirigeants et Créateurs d’entreprise (E.D.C.). Mr. Perrin is a graduate of the Ecole des Cadres et des Affaires Economiques, Paris.

Eric Cornuel, EFMD’s Director General and CEOEric Cornuel

Eric Cornuel is an Affiilate Professor at HEC. He is the Director General & CEO of EFMD (European Foundation for Management Development) in Brussels.
He holds a degree of Sciences Po from IEP Paris, an MBA from HEC, a DEA in strategy and management from Paris Nanterre University, together with a Doctoral Certificate of Specialisation in Strategy from HEC Graduate School of Management Paris and a Ph.D. in management from Paris Dauphine University.
Eric started his career as an entrepreneur by setting up an hydroelectric power plant in France when he was still a student. He was in charge of the HEC Institute for Central and Eastern Europe (Paris). He then served as Dean of KIMEP, at the time the leading Business and Economics school in Central Asia, from 1997 to 2000. He was awarded a honorary professorship for his achievements.
Eric’s key qualifications are in the areas of strategy, international management and entrepreneurship and he is a regular contributor to the Emerald Management Journals and the business press.
Eric Cornuel is, among others, a Board Member of the EIASM (European Institute of Advanced Studies in Management), EABIS (European Academy of Business in Society), ISBM (International Schools of Business Management, CEIBS (China Europe International Business School), and GFME (Global Foundation for Management Education).


Thomas SattelbergerThomas Sattelberger

Mr. Thomas Sattelberger serves as Director of Human Resources and Member of the Executive Board of Continental Tire North America, Inc. Mr. Sattelberger served as the Chief Human Resources Officer and a Member of Management Board of Deutsche Telekom AG from May 3, 2007 to May 02, 2012. He served as Director of Labor at Deutsche Telekom AG. He served as Member of the Executive Board and Head of Human Resources of Continental AG from July 1, 2003 to May 2007. He served as Director of Labor Relations of Continental AG until May 2007. He was Training Manager, Stuttgart from 1975 to 1977, Head of “Corporate Trainee Programs”, Stuttgart from 1977 to 1979, Head of “Leadership Development Programs”, Stuttgart from 1979 to 1982, Head of “Training and Education”, MTU-GmbH, Munich from 1982 to 1984, Head of “Human Resources Development, MTU Group”, Munich/Friedrichshafen from 1985 to 1989, Senior Vice President “Management Development/Training”, Sales Organization, Mercedes-Benz AG, Stuttgart since 1989, Senior Vice President “Education and Development”, Deutsche Aerospace AG, Munich from 1990 to 1994, Senior Vice President, Executive Human Resources and Human Resources Development from 1994 to 1999, Executive Vice President, Product and Service, Member of the Executive Board of Lufthansa German Airlines from 1999 to 2003.

mike-page-1Michael Page

Provost and Vice President for Academic Affairs, Bentley University

Mike Page is a business school academic with a broad background in optimizing organization performance based on all aspects of social and human capital development. He has held several strategic leadership and management positions and been responsible for multi-million Euro revenue portfolios. Included amongst these have been senior positions at the Graduate School of Business of the University of Cape Town, Investec Asset Management and at RSM Erasmus University. His international experience spans the globe, with successful engagements and strategic alliances on every continent. Traveling extensively, Mike is an advocate of diversity and inclusion. He has assisted companies and institutions to develop learning paradigms that maximize human capital performance. As an academic, Mike possesses a sound theoretical and practical knowledge in the fields of finance and management education. In his core discipline of finance, this includes measuring corporate value and risk, assessing portfolio performance and efficiency, ordinary equity research, and corporate finance. Within the realms of management education, his experience spans all forms of post-experience and executive development – ranging from MBA degrees through to open and customized programs for the corporate market. Throughout his twenty-five year career as an academic, Mike has maintained his applied focus with significant commercial consulting and leadership experience. This includes extensive periods of involvement with all aspects business school life within the state and private sectors. Directorship positions at two internationally recognized business schools involved managing commercial operations that are run independently of their parent universities. Most recently, governance and change management activities include transforming an education foundation into a private company and subsequently integrating it, from an operations perspective, with a large business faculty.

See also:

Peter Drucker Forum 2013: “Managing Complexity?” by Charles Handy

At the 2013 Peter Drucker Forum, the British philosopher, Charles Handy began by pointing out that one person who was completely unconcerned by complexity in the world was Peter Drucker himself. He never touched the internet and did not like to use technology in general.  For the rest of us, we need to be able to deal with this.

EFMD Annual Conference 2013: “Does Management Education Create Impact?” by Eric Cornuel

EFMD Annual Conference 2013

At the opening address for the European Foundation for Management Development (EFMD) 2013 Annual Conference, Eric Cornuel, EFMD’s Director General and CEO, gave an inspiring introduction on the positive influence that management education has worldwide.




Business Week 2014 – Day 2 – Fendi

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