United nations Supported principles for Responsible Management Education: Purpose, Progress and Prospects

The expectation that management education institutions should be leading thought and action on issues related to corporate responsibility and sustainability has been reinforced in the light of their association with business leaders' failings, including corporate corruption, the financial crisis and various ecological system crises. The United Nations supported Principles for Responsible Management Education (PRME) initiative is an important catalyst for the transformation of management education and a global initiative to change and reform management education in order to meet the increasing societal demands for responsible business. This paper introduces the initiative and illustrates progress made by PRME signatories drawing upon analysis of their self-presentations in their Sharing Information on Progress (SIP) reports. The paper synthesizes the studies' findings and concludes with some thoughts on current and future directions and prospects of the initiative.