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ABEST21 eNEWS-45, April 2012

1. ABEST21 Office Report ＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

・Peer Review Standing Committee held on March 1.

・Accreditation Committee, Board of Directors and General Assembly held at Nissan Global

Headquarters on March 2.

・International Symposium held on March 3.

・Report on 2011 Accreditation results given to the Higher Education Policy Planning Division,

Higher Education Bureau, Ministry of Education, Culture, Sports, Science and Technology, on March 8.

・Management Seminar “Islamic Banking and Finance” held in Tokyo on March 9.

・Management Seminar “Islamic Banking and Finance” held in Nagoya on March 10-11.

・Waseda Business School visited on March 21.

・Report on 2011 Accreditation results presented at MEXT Press Club on March 22.

・Graduate School of Management, Kyoto University visited on March 26.

・Preparatory meeting for Re-inventing Japan Project by MEXT attended on March 28.

1. ABEST21 News ＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

1) Reorganization of ABEST21

ABEST21 regular Board of Trustees Meeting

was held at Nissan Global Headquarters

Meeting Room on Friday, March 2, 2012. The

main agenda was approval of accreditation for

business schools and mutual assessment for

overseas business schools in 2011. Based on

the report of the Accreditation Committee,

Waseda Business School (Japan), Global

Masters in Business Administration, SP Jain

Center of Management (Singapore) and

Master programs in Accounting and

Management, Faculty of Economics and

Business, Universiti Brawijaya (Indonesia)

were certified respectively.

At the Meeting it was decided to reorganize

the structure of ABEST21 to promote its

reform. Specifically, the Board of Trustees

which now consists of 14 members will be

reduced to 5 members, and the Advisory

Council will expand from the current 5 to 20

members. This aims to reinforce the functions

of the Advisory Council including opinion

offering. As a result of this reorganization, the

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Advisory Council is placed to reinforce opinion offering to the Board of Trustees in the

organization chart. In addition, the number of auditors was increased to 3 members from the

current 2 members so as to enhance auditing system of ABEST21 operations and assets

status.

2. ABEST21 Network News ＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

1) Visit to Nissan Global Headquarters, Nissan Motor Co., Ltd. By courtesy of ABEST21 affiliate member Nissan Motor Co., Ltd., the Accreditation Committee,

the Board of Trustees, and the General Assembly were held on March 2 at the Meeting Room

of Nissan Global Headquarters. After the meetings, Mr. Toru Ihara (General Manager of

Human Resources Planning Group, Nissan Motor Co., Ltd.) delivered a thought-provoking talk

on Nissan’s challenge towards hybrid cars and electric cars as well as human resources needed

for business development in Asia. This was highly appreciated by the Deans of business

schools in Asia who took part in the meetings, as the insights shared by Mr. Toru Ihara were

very useful for curriculum development. After the discussion the participants visited the Nissan

showroom where they were fascinated by the cars equipped with cutting-edge technology.

2) Holding of Management Seminar "Islamic Banking and Finance"

With cooperation of ABEST21 school member

International Islamic University Malaysia

(IIUM), we invited Dr. Engku Rabiah Adawiah

Bintiengku Ali of IIUM and held a seminar on

"Islamic Banking and Finance" on March 9, 10

and 11, 2012. The Seminar was held as a part

of the Collaboration Program “Sharing Quality

of Management Education and Development

of Peer Review System”, under the “Programs

for the Support of Strategic University

Collaboration towards University Education

Enhancement 2009” by MEXT.

On Friday March 9 the Seminar took place at Grand Prince Hotel New Takanawa (Tokyo),

chaired by Professor Takato Hiraki (Tokyo University of Science). Two lectures were given:

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“Development of the Capital Market in Malaysia” by Professor Hatsuyoshi Ichino (Aoyama

Gakuin University) and “Islamic Banking and Finance” by Dr. Engku Rabiah Adawiah Bintiengku

Ali (IIUM). The lectures were followed by the active discussion with participating students from

Aoyama and Waseda Business Schools on the concept of Riba in Islamic Finance.

On Saturday March 10 and Sunday March 11, the Seminar took place in Nanzan Gakuen

Training Center (Nagoya), chaired by Professor Edward Yagi (Nanzan University). In this

Seminar, four lectures were delivered: “Development of the Capital Market in Malaysia” by

Professor Hatsuyoshi Ichino (Aoyama Gakuin University), “Islamic Banking and Finance” by Dr.

Engku Rabiah Adawiah Bintiengku Ali (in the picture), “Global Data Explosion and Finance in

the New Information Age” by Professor Katsuhiko Okada (Kwansei Gakuin University), and

“Islamic Bank Financing of Business in Muslim Countries” by Professor KHONDAKER Mizanur

Rahman (Nanzan University). Furthermore, discussion on “Reinforcement of global

development capability at Japanese enterprises and business school education” was carried

out as a student interaction session between Nanzan and Kwansei Gakuin Business Schools.

Professor Toshihiko Shiraki who coordinated the seminar at Nanzan University shares the

following impressions of the Seminar: “At the seminar at Nanzan, there were about 20

participants, students and faculty members, including participants of social gathering. Through

the seminar we aimed to understand management knowledge and challenges which the global

companies face and to acquire perspectives and way of thinking on finance required in the new

age. Through discussions on knowledge required for Japanese companies to develop global

business and the significance of business school education, we learned the attitude of working

on practical issues. Students who participated in the seminar commented that they learned the

management ability and way of thinking required at global companies and expect much from

cooperation among business schools”. The seminar was a successful and very insightful event.

We would like to thank Dr. Engku Rabiah Adawiah Bintiengku Ali for donating the following

books to ABEST21.

・CERT, “Islamic Banking & Finance”

・Mohamand Akram Ladin, “Shari’ah & Legal Maxims”

・Seyed Alwi Mohamed Sultan, “Accounting for Islamic Financial Products”

・Engku Rabiah Adawiah Bintiengku Ali, “Takaful”

・Zaharuddin Abd. Rahman, “Contracts & The Products of Islamic Banking”

・Engku Rabiah Adawiah Bintiengku Ali, “Essential Guide to Takaful”

・Monzer Kahf & Siti Mashitoh Mahamood, “Contemporary Waqf Issues”

・Mohd Daud bakar & Engku Rabiah Adawiah Bintiengku Ali, “Islamic Finance”

・Abdul Rahim Abdul Rahman, “Islamic Accounting”

・Sheikh Ghazali Sheikh Abod, Seyed Omar Seyed Agil and Aidit HJ. Ghazali, “Islamic

Economics & Finance”.

3. ABEST21 Research News ＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

1) Holding of the International Symposium

On Saturday, March 3, 2012, at the International Conference Hall, Aoyama Gakuin University,

the international symposium on “A Perspective on International Quality Assurance of

Management Education in Asia” was held as part of the Collaboration Program “Sharing Quality

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of Management Education and Development of Peer Review System”, under the “Programs for

the Support of Strategic University Collaboration towards University Education Enhancement

2009” by MEXT. Introductory remarks were made by Professor Norio Hirasawa, Vice President

of Aoyama Gakuin University, and Professor Ilker Baybars, Deputy Dean Emeritus of the

Tepper School of Business, Dean of the Carnegie Mellon University-Qatar, and ABEST21 Vice

President. They mentioned that the society expects much from business school education in

terms of nurturing global management professionals. The program started with panel

discussion on "Nurturing Management Professionals and Intellectual Property Education in

Business School", chaired by Katsufumi Mizuno, Patent Attorney & President of Hikari Patent

Office. The participants of the panel discussion were: Toranosuke Hashimoto, Intellectual

property Adviser, Suzuki Motor Corporation; Junichi Kikuchi, Professor and Dean of Faculty of

Law, Aoyama Gakuin University; and Qinhai MA, Dean of School of Business Administration,

Northeastern University, China. The reality and necessity of intellectual property education at

business schools were noted. In particular, questions were asked by the audience on utilization

of intellectual property and ethics education which inspired active discussions.

In the afternoon session, special addresses were delivered on the common theme of

“Nurturing Management Professionals in a Globalizing World”. The case of Fuji Xerox was

presented by Takeshi Hibiya, Senior Vice President, Human Resources Group, Corporate Social

Responsibility, General Affairs, Legal, Fuji Xerox Co., Ltd. The case of Toyota Motor was

presented by Kazutaka Yoshimura, General Manager, Toyota Institute, Toyota Motor

Corporation. Mr. Hibiya discussed how the new employees’ learning through activities to

support the areas hit by the Great East Japan Earthquake became a valuable experience in

nurturing human resources, which made a great impression on the audience. Mr. Yoshimura

shared Toyota case of the educational program called “OT-club” (Overseas Trainee-culture,

language, business) targeted for younger employees with 4 to 5 years work experience at

Toyota, which attracted much interest from the Symposium participants. Keynote Address

"Developing International Accreditation System and Enhancing the Quality of Higher Education

in Asia" was given by Hiroshi Yoshimoto, Director of Higher Education Policy Planning Division,

Higher Education Bureau, The Ministry of Education, Culture, Sports, Science and Technology

of Japan. In the speech the world trend of higher education and the trend of globalization at

Japanese universities were analyzed. Mr. Yoshimoto mentioned that promoting student

exchange in Asia is the urgent issue, and that it is necessary for Japanese universities to

promote globalization and mutual student exchange through cooperation with universities in

Asia, to nurture world-class management professionals in particular. It was stressed that it is

essential to establish the system to guarantee

the quality of education based on international

exchange and cooperation. An opinion was

raised from the floor that wide support for

universities in Asia is also needed.

Panel Discussion on "Developing Quality

Assurance System of Management Education

in Business Schools in Asia" was chaired by Dr.

Fumio Itoh (President, ABEST21) with

panelists Dr. Adil Basuki Ahza (BAN-PT,

Indonesia), Assistant Dean Pichayalak

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Pichayakul (Chiang Mai University, Thailand), Professor John Benson (University of South

Australia, Australia), Professor Emeritus Sang-Koo Nam (Korea University) and Professor

Ming-Yu Cheng (Universiti Tunku Abdul Rahman, Malaysia). The discussion focused on the

relationship between diversified Asian cultures and global standards to guarantee quality of

education. In particular, the issue of balance between local standards based on the education

systems in respective countries and global standards was discussed actively. It was mentioned

that meeting western de facto standard is not the only means of educational globalization.

There was not enough time to complete the heated discussion.

The symposium was closed by Professor Katsushige Sawaki, Ph.D., Dean of Nanzan School of

Business, Nanzan University, who reported that this symposium will mark the end of the

Collaboration Program “Sharing Quality of Management Education and Development of Peer

Review System” under the “Programs for the Support of Strategic University Collaboration

towards University Education Enhancement” by MEXT. Gratitude was expressed for all related

parties who supported the program.

4. ABEST21 Accreditation News ＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝＝

1) Holding of Peer Review Standing Committee

Peer Review Standing Committee was held at

Grand Prince Hotel Takanawa, Prince Sakura

Tower Meeting Room, 2nd Floor, on Thursday,

March 1, 2012. Draft of recommendation for

accreditation reported by Peer Review

Committee was reviewed based on a

perspective of business school. Detailed report

on drafts of recommendation for accreditation

for Waseda Business School, SP Jain Center of

Management (Singapore) and Faculty of

Economics and Business, Universiti Brawijaya

(Indonesia) were provided by the chairs of

Peer Review Teams for respective schools through PowerPoint presentation. After the exchange

of opinions the drafts of recommendation for accreditation were approved by votes and reported to

the Accreditation Committee.

2) Holding of Accreditation Committee

Accreditation Committee was held at Nissan

Global Headquarters Meeting Room on Friday,

March 2, 2012. The Committee ratified the

draft of recommendation for accreditation

reviewed by Peer Review Standing Committee

on viewpoints of global education and

industrial human resources recruitment.

Detailed report on drafts of recommendation

for accreditation was provided by the chairs of

Peer Review Teams through PowerPoint

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presentation. After Q&A session the drafts of recommendation for accreditation for respective

business schools were approved by votes and submitted to the ABEST21 Board of Directors.

3) Accredited schools in 2011 ABEST21 was approved by MEXT as

accreditation institution for business schools

on October 12, 2007, and for professional

gradaute school of intellectual property on

October 31, 2011. Until 2010 academic year

we have accredited 7 Japanese business

schools and 1 foreign business school

(mutual assessment). In 2011 academic year,

ABEST21 conducted accreditation for

Waseda Business School, a Japanese

business school, and mutual assessment for

2 foreign business schools: Master Programs

in Accounting and Management, Faculty of Economics and Business, University of Brawijaya

(Indonesia), and Global Masters in Business Administration, SP Jain Center of Management

(Singapore). They were approved at the ABEST21 Board of Directors held on March 2, 2012.

Excellence in Practice Award was given to the following class methods.

・Waseda Business School: “Japanese and English-based Interactive Learning”

・SP Jain Center of Management: “Global Learning in two World-class Cities”

・University of Brawijaya: “Interactive Teaching and Learning”

4) 2011 Accreditation Results Reported to MEXT Regarding Waseda Business School, SP Jain Center of Management, Faculty of Economics and

Business, and University of Brawijaya, accreditation results based on Self-Evaluation Report

were reported to Higher Education Policy Planning Division, Higher Education Bureau, MEXT

on March 8, 2012, and to Director General of Higher Education Bureau and Director of Higher

Education Policy Planning Division, Higher Education Bureau on March 29.

5) 2011 Accreditation Results presented at MEXT Press Club Accreditation results for Waseda Business School, SP Jain Center of Management, and Faculty

of Economics and Business, University of Brawijaya were presented at the MEXT Press Club on

March 22.

5. ABEST21 Membership News

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1) General Assembly for 2011

The General Assembly for 2011 academic year was held at Nissan Global Headquarters on

Friday, March 2. Activity reports were given by the Committees for Accreditation, Membership,

Research and Network. Report on accreditation results for 2011 and ABEST21 new school

members was given by the President. They were approved as a result of review.

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2) School Presentations The Presentations on MBA programs were

given by the Deans of new schools which

joined as ABEST21 school member at Grand

Prince Hotel Takanawa, Prince Sakura Tower

Meeting Room, 2nd Floor, on Thursday,

March 1. Chaired by Professor Jann Hidajat

Tjakraamadja of Bandung Institute of

Technology, Indonesia, the session started

with presentation by Dean and Professor

Albert Buenviaje (in the picture) on Ateneo

Graduate School of Business, Phillipines, and

proceeded with the presentations by the Deans of the following Business schools.

・Graduate School of Management, Universiti Sains Malaysia, Malaysia

・Faculty of Management and Information Sciences, Naresuan University, Thailand

・Faculty of Economics and Business, Universitas Padjadjaran, Indonesia

・Graduate School of Management, Kyoto University, Japan

・Othman Yeop Abdullah Graduate School of Business, Universiti Utara Malaysia, Malaysia.

School presentations provided a highly useful opportunity to gain mutual understanding on

educational programs and to promote cooperation among the schools.

3) Introduction of Othman Yeop Abdullah Graduate School of Business,

Universiti Utara Malaysia (UUM)

UUM was established in 1984 as the sixth

national university in Malaysia focusing on

management education, backed by the

national policy. After some transitions, in 2008

it was reorganized into three schools: UUM

COB (UUM College of Business), UUM CAS

(UUM College of Arts and Sciences) and UUM

COLGIS (UUM College of Law, Government

and International Studies). This was based on

the policy set by the Malaysian Prime Minister

and Minister of Higher Education to increase

the number of postgraduate students to

100,000 by 2010. The new ABEST21 member, Othman Yeop Abdullah Graduate School of

Business, Universiti Utara Malaysia, was established in 2010. The school features educational

program targeted for students with at least three years work experience. The teaching

methods used in the program include case studies and exchanges with business leaders. Out

of approximately 31,000 students at UUM in total, about 1,300 are enrolled in the MBA

program of the Othman Yeop Abdullah Graduate School of Business. The Dean is Prof. Dr.

Noor Azizi Ismail (right in the picture).

School address: 06010 Sintok, Kedah Malaysia.

School website: http://www.oyagsb.uum.edu.my/