The European Quality Improvement System (or EQUIS) is a school accreditation system. It specializes in higher education institutions of management and business administration, run by the European Foundation for Management Development (EFMD). As of June 2012, EQUIS has accredited 138 business schools in 38 countries around the world.
The EQUIS Awarding Body is composed of representatives of high profile organisations that are stakeholders in the quality improvement of management education. It evaluates the Peer Review Reports on schools that are applying for EQUIS accreditation and, based on their recommendations, makes the final decision to confer EQUIS accreditation upon those management education institutions that have demonstrated excellence at an international level. The Awarding Body normally meets three times a year at the request of the EQUIS Director.