Asia-Pacific business schools form association - the 'highest' accrediting agency????

This in from 'Not so Foreign'

Leading business schools from eleven countries in the Asia-Pacific region have collaborated to form The Association of Asia-Pacific Business Schools (AAPBS). The AAPBS has been set up along the lines of accrediting agencies such as the American Association of Collegiate Schools of Business and the European Foundation for Management Development.

After the AAPBS has been established, another association with representatives from all the three accrediting agencies has been formed. The Global Foundation for Management Education (GFME) will now be the highest accrediting agency in the world.

Source:

”Asia-Pacific B-schools form association,”
Rediff, May 2, 2005
http://inhome.rediff.com/money/2005/may/02bschool.htm

 

Those poor Harvard MBAs will be upset that their degree isn't GFME accredited.