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AMBA& BGAANNUALREPORT2020121 &f .' AMBA & BGAANNUAL REPORT2020121 CHAiri's riEPOPT THE YEAR IN REVIEW Bodo Schlegelmilch Andrew Main Wilson, CEO, AMBA & BGA a¢cieditation yn¢ls. wlth95%of ae¢ieJitations the enorrnoy5 time Bnd resour￿ pie55ure5 involved in ThE BEST0F￿￿E& THEWOR5TOFnM£5 hybiKltaachin9 We 3180 hhd to tran￿tKin fr￿￿ Fknysical coDferences rdevents¢ntiietyt¢ virtuèl <¢rtfèoTh¢¢sèhd evehts, attractin9 rèC￿d ￿Mbèr4Of dèlè9atosforour GIDbal D8ans3nd DIre￿￿S CoThl8r•nc&ind OurAccr8dit3tion Forum. While we have0￿10￿SlY rni55ed lace-to-lèce networkirty, virtual ¢onfeiehtss hève enabled usto elcomÈ¥n eveThthridw 14nge of w5tomers from all The fèm¢uS ¢P¢niThg lih&oIChèrles Di¢kens' historical novel A Talèof fbvo ¢rt￿s, swingsto mind whon réviewing thé 2021 busiDéss y•ai.-'Itwasth8 bE5t of time5. it Wa5 the Y¢Df5t ol tirne5. F¢[ AMBA & BfjA. It wès the best oltimes be¢èu5E IfytyJ.￿ih¢ CEO¢l a global ¢igèniSion thtsse CuStomérscomrKise4thof thÈworld& mtSSt prtlgiOUS &IDéss Schools and moreth3n04.(molthéirstu&nt dgraduate5, you areJway5 pre55ure tocreète an4exe¢viegJ¢¢esslvl giovrth Siiategies. even in a yearvéh￿h provedto be al9￿ablY ih&moslCh4l￿r￿ir E￿o￿Orni(allYSInCethe s￿Ond Worfdwaf Thanks to theAM8A& BtsAtea￿ our InternatlDnal Managemeni èndAdviSQry C¢mmitiees ènd the lexibilty olour Business Schwls. we achieved 8.5% revenuegrowrth 3ndour Strongest everlina￿la1 ttyJlts, de5Vte thE imyd tslC¢vid.19 myth¢ entir8 12months olour financial year. AMBA eusine55 Schools deM￿strated adfflirable3peed W35 the worst ol times b￿aUSe we had to enduie yel another ye&r ol the Covid-19paTbdeffli(. ON the PQSi¢ive Side. l èm PiQvd AM8A & BGA achieved Ils btst financial performance ever A keythiverwa5 BG4 nowthe world'5 la5test-growing 8u51ne55 netknv0￿. 8GA'51o(u5 on Imp?d. puiPOS8 and continuous ￿￿rnin9 and dèvelopment 30nates with the need5 01 many pr￿ares￿l Bu5ine55 khoo&. c¢Th￿rning AMBA, Ovr a¢uediiatiOnS eil9ed clos&r to our d￿1&￿d cèiling of 3m At the tirne ol writing. therf are 287 Bu51ne55 Schoolswith AMeA. èttredited prts9rèmmes in 75 ¢OuThllies A t¢t¥l of 112 olthgsè Schools ai& now tripl&-cr04￿ accreditéd. lurth@r evid@ncin9 the high qublity ol our network TheAM8A netv¢ork include5 more thèn 59.539 The AMBA ￿redited Schgo15 tD 287. mNryngevei ¢lts$¢rtO￿Jr XM>portloliQtarget, while AMBAstudent ardgraduate membership giew Irom 53.280to almost60.￿￿￿￿e￿bP￿S. The BGAl3mily In(re?5edto 18F member Schoo15 and hJ5 become the lastès19fowin9 E￿ineSS School mombÈrship network In theworld BGAstu&ntaDd graduate mernber5hip in(IEè5ed Iyrlto4.￿ BGA5 growth iseven remèrk?tyle when YQU ¢onsiderwe only Lau￿￿ed BGA In January 2019. and th8 brand h8S therefore 5pentovErh311 ol it5 Iile50far during the Covid erè te¥m ¥chi￿¢d this thisy orkin9 from home, Mthout bein9able to moet 51ngl@ CUStcffler lac&to-lice. BGA's stro￿ fc(us on phy¢al a¢¢￿dItatION P4n91 ￿611$10￿rtVal mpact IS iotr)o tho right brand. propositioll. atih& right time. as almostall ourAMBA & 8GA SGhoo15 ère 5eekiD9 to e￿bed the UDited Natw)ns' 17 SuStèin£ble DeveltspthEhtGoè&within thèifcullieula. Atotal 0121 AMBASchDcds havèP?Inod BGAasrnembers andwewereprotsd to coDduct niTbe JoIDtAM&4& BGAaccreditatiQllsduiingthe year. I'M veTy yr¥telul [¢1 the 4wsdom ardsupptyt ¢1 our m@mb&r SchcJoh. they benefit ITOM a widè array of Services, nol3blyoui topical Ambition rnBgaiinE. which c¢Thtinu¢S 1¢ ¢Her thought-Pi¢Yokih9 perspeetwès and iÈlevant nèthj Core tOOul is also thè Intwnational Accreditation Advisory Boafd IIAABI Underlhe leader5hipof Steel van de Velde. th15 gioup 5et5 I[n￿Cl on our operation5 lor the 5ecDDd ye8r ynning. We had to ¢ondu¢t at¢reditatityn vis online. connect to our Ragional Athisory Councils on Zoom. aDd stage ourAMBA & eGA Accreditation Forum. the Exrellen¢eAwaids. tsurflagship awirding and ￿mOvIng ac(r￿ltatIon￿. Thanks and Accreditation Advi30ry Board atwjoui neb¥ Regi￿al CoLkn¢I15 01 Deans In Lètin Americè, Africè & Middle t￿rn ol Expert5. To keèp In touch with the valious gè0giÈphi r8gions. w& hav& 8stsb113h8d A￿lsory Councils COn$5tin9 ol eu5Jne55 khwl deans and diredotg Ir¢m Alii¢è ¥Thd the Middle E¥st, Asia P¥¢ifi¢. ¥hd LatinAm&rica Thèir Inptst has holpod balance the different rwir6ments of Individual countr￿5 Wrth th8 Cohesive poli¢ies ar¥J PiaUi¢es tsltheor9èniSètiOn. Finally. thankyou tts my lèllowbDard mèmbèrs B￿5￿ In nurn8ious countries. th8yprowid8 st(at8gic leader5hipof AM8A& BGA ènd 5killultycollaborate wJthAndiew MaiA WilsoTh aAd his teèm. All olth85é. and count1￿5 oth81 ev8nts and onlin@ meetln95. hadto be man?9ed from the home oKI(es Of Our dèdi¢ated olAMBA professi¢nèls. Whil¢ Zoom @vgnts and onlin& accroditations ar& Invaluab dunng a pand8mic. many ol u5 are now longin9 lor he￿￿9 U5 increa58 ourAMBA& BGA Tel￿anCe ?rKJ Bt a iegionBI level. The 5UPPOrt Df our commèrtial partnèrs and sp¢nsors has 31s0 pltyèd &xampl6. we attrècted 23 partTrF￿ and5pon5015 lo our rtuèl Global Con[e￿nCe In May Despitè 20￿121 provin9 to be￿1 mDst yearfinanaally. ourAMeA& BGA bfands havo builT èrouhdvery slrOThg fuStomef ielètionships ènd mixof èlfiCiÈnt online mèÈtin9StO9athÈrwith rither and fflore Ibcet@d offiine @¥@nts RÈadiD9 thi5 report. you will lèèrn about thè Si yeai of Afv1BA & BGA'S a¢tMties. ￿1 of this h85 be@n m3d& POSSI￿@ through the dedication ol Ouf CEO. Andrew MaiD Wi150n and the prole55ion3lism of the AMBA & 8GA team. 15jttGErety thank Each Bodo S¢hkglmil<h ChaiTdthÈ every one oly¢v. MBA & BGA IntèrThall0n￿ Mafftag•M•nt Bow With healthy c3sh ie5erve5. AMBA9fowJyng to khoo15 and 8GA5et lor even la5tergrovrth. the team nd l )re ¢ofifidènt ol¥nother rewid year ahead.

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