“The Principles for Responsible Management Education have the capacity to make the case for universal values and business into classrooms on every continent.”
-UN Secretary-General Ban Ki-moon
The Principles for Responsible Management Education – or PRME is a United Nations Global Compact sponsored initiative with the mission to inspire and champion responsible management education, research, and thought leadership globally. The PRME was developed in 2007 by an international task force of sixty deans, university presidents and official representatives of leading business schools and academic institutions.
The idea of developing a principle-based global engagement platform for academic institutions follows from a recommendation by all academic stakeholders of the UN Global Compact. The idea was officially introduced by the Global Compact Office at the Global Forum “Business as an Agent of World Benefit” at Case Western Reserve University in October 2006.
Following the introduction, an international task force of sixty deans, university presidents and official representatives of leading business schools and academic institutions developed the PRME in 2007.
The Six Principles of PRME were also written and endorsed by a number of global business education networks, including the AACSB International. The Principles seek to establish a process of continuous improvement among institutions of management education in order to develop a new generation of business leaders capable of managing the complex challenges faced by business and society in the 21st century.
In 2012, PRME Chapters were officially endorsed as an outcome of the 3rd Global Forum in Rio de Janeiro, Brazil. PRME Chapters are regional platforms that advance the Six Principles of PRME within a particular geographic context. The Chapters give national, regional, cultural and linguistic contexts for facilitating the engagement of the Six Principles in each specific chapter. PRME Chapters develop their own internal arrangements and activities, while committing to:
- Provide a platform for dialogue, learning, and action on responsible management and leadership education and research
- Increase the visibility of PRME and its signatories in the region
- Adapt the Six Principles of PRME into the local context
- Develop and promote activities linked to the Principles