The organisation has 972 members form 90 different countries, it was established 1972 and its main goal is continuous improvement of the quality of business and management education worldwide. EFMD is also one of three major accrediting organisations in the world in the field of business and management education.

The majority of the committee members are or have been served as Deans in major business schools or universities. The term of the new team begins from 1. September and its main responsibilites are consulting the policy, standards, and procedures of accreditation and approving the eligibility of programmes that are being put forward for EFMD Programme Accreditation. The School of Business and Governance is at moment in reaccreditation process with its International Business Administration programme.