“The mission of the Principles for Responsible Management Education (PRME) initiative is to inspire and champion responsible management education, research and thought leadership globally.
“The PRME are inspired by internationally accepted values such as the principles of the United Nations Global Compact. They 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 the current academic environment, corporate responsibility and sustainability have entered but not yet become embedded in the mainstream of business-related education. The PRME are therefore a timely global call for business schools and universities worldwide to gradually adapt their curricula, research, teaching methodologies and institutional strategies to the new business challenges and opportunities.
“Taking the Six Principles as a guiding framework, any institution which is willing to integrate corporate responsibility and sustainability in a gradual but systemic manner is welcome to join the initiative.
The Faculty of Business and Economics signed up to PRME after consulting its Departments and staff. The Faculty has undertaken to progressively review and revise the curriculum of all undergraduate and postgraduate degree programmes with a view to ensuring that all course objectives are consistent with PRME and that all compulsory units are integrated and contribute to the respective course objectives.
The Department of Management (DoM) is coordinating a programme of monthly seminars orientated to all course directors and other interested staff. Course directors will be encouraged and supported to involve chief examiners (who are responsible for unit design and content) in unit review and revision.
Teaching staff are offered support for the review of teaching materials and pedagogy by the PRME Adviser, Val Sands.
Academic and student researchers will be encouraged and supported to focus their activities in the field of corporate responsibility and sustainability.
Australian business schools who have signed on to PRME are linked through the UN Global Compact Network Australia (GCNA). The Faculty is looking for opportunities to collaborate with other Australian business schools in action research to investigate the introduction of PRME and the extent to which collaboration between participating business schools can enhance its implementation and effectiveness.