European Foundation for Management Development

The European Foundation for Management Development (EFMD) is an international not-for-profit association based in Brussels, Belgium. It is Europe's largest network association in the field of management development with over 990 member organizations from academia, business, public service and consultancy in 95 countries (as of August 2025). EFMD provides a forum for networking in management development.

EFMD operates the EFMD Quality Improvement System (EQUIS), which is one of the major international systems of quality assessment, improvement, and accreditation of higher education institutions in management and business administration. It is comparable to its American equivalent Association to Advance Collegiate Schools of Business (AACSB) and provides a forum for information, research, networking and debate on innovation and best practice in management development.

The foundation also runs other accreditations and certifications for business schools, including the EFMD Programme Accreditation System (formerly EPAS) for individual programmes, the EFMD Deans Across Frontiers development programme (EDAF), and the Business School Impact System (BSIS). For corporate learning functions, it offers the Corporate Learning Improvement Process (CLIP) accreditation and the Learning Impact for Today and Tomorrow (LIFT) certification.