EQUIS was created in 1998 under Gordon Shenton and the current director is Julio Urgel. In the past twelve years of existence the organization has accredited 130 institutions in 38 countries.
Object of the accreditation
The accreditation is awarded to business schools based on general quality, and also takes into account the business school's level of internationalization. In this respect EQUIS accreditation is more demanding than AACSB—so far all fully accredited EQUIS business schools applying for AACSB accreditation have succeeded, which has not been the case the other way.
EQUIS accreditation can be granted conditionally for three years (with annual progress reports required) or unconditionally for five years.