January 2013

College of Business' International AACSB Accreditation Reaffirmed


(L-r) Dr. Bernadette Ruf, chair of the Dept. of Accounting, Economics & Finance; Provost Alton Thompson; Dr. Shelton Rhodes, dean of the College of Business; and Dr. Youngsik Kwak, associate dean of the College of Business, get together to celebrate the news that the COB has maintained its AACSB International accreditation.

Delaware State University’s College of Business has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business. AACSB accreditation is the hallmark of excellence in business education and has been earned by less than five percent of the world's business programs. Today, there are more than 650 business schools in 45 countries and territories that maintain AACSB Accreditation. Similarly, 178 institutions maintain an additional specialized AACSB Accreditation for their accounting programs. Founded in 1916, AACSB International is the longest serving global accrediting body for business schools that offer undergraduate, master's and doctoral degrees in business and accounting. “It takes a great deal of commitment and determination to earn and maintain AACSB Accreditation,” said Robert D. Reid, executive vice president and chief accreditation officer of AACSB International. “Business schools must not only meet specific standards of excellence, but their deans, faculty and professional staff must make a commitment to ongoing continuous improvement to ensure that the institution will continue to deliver the highest quality of education to students.” The reaffirmation of the DSU College of Business’ AACSB International accreditation includes its academic programs in accounting, management, as well as hospitality and tourism management. The College of Business also has one of the best advisement centers among DSU colleges and engages in extensive outreach through its Delaware Center for Enterprise Development and its University Center for Economic Development and Trade. In addition to AACSB accredited programs, the College of Business also offers degree programs in aviation and sport management. The College of Business earned its initial AACSB accreditation in December 2006. Dr. Harry L. Williams, president of Delaware State University, said the faculty and staff of the College of Business are to be commended for maintaining the high standard that the AACSB requires. “As we continue on our journey toward becoming the top University among Historically Black Colleges and Universities in the U.S., it is critical that our accredited academic programs maintain the standards of excellence that make Delaware State University the institution where students can achieve their educational and professional aspirations,” said Dr. Williams. “Maintaining an accredited level of academic performance ensures that DSU will continue to produce the future generations of successful business leaders, managers, executives and entrepreneurs that will help fuel the economy of our country.” Dr. Alton Thompson, DSU provost and vice president of Academic Affairs, said he is pleased that AACSB International recognizes the high quality, market relevance and rigor of the academic programs and talented faculty in the College of Business. “Since less than five percent of business schools are AACSB accredited, our graduates have a competitive advantage when they go out into the marketplace for employment or when they apply for admissions into graduate and professional programs,” Dr. Thompson said. The dean of the College of Business is Dr. Shelton Rhodes, who has been in that academic leadership post since May 2011. “AACSB is world renowned as the ultimate stamp of excellence for business schools and colleges. The maintenance of this coveted recognition of quality reflects the commitment of our College of Business faculty and staff to continuous improvement,” Dr. Rhodes said. “Success in maintaining AACSB accreditation requires a team effort, and this victory was earned by our faculty and staff on behalf of our students.” To learn more about the DSU College of Business, visit www.desu.edu/business. To learn more about AACSB International accreditation, visit the accreditation section of the AACSB International website at: http://www.aacsb.edu/accreditation/. AACSB International (The Association to Advance Collegiate Schools of Business), founded in 1916, is an association of more than 1,300 educational institutions, businesses, and other organizations in 81countries and territories. AACSB's mission is to advance quality management education worldwide through accreditation, thought leadership and value-added services. As the premier accreditation body for institutions offering undergraduate, master's and doctorate degrees in business and accounting, the association also conducts a wide array of conferences and seminar programs at locations throughout the world. AACSB's global headquarters is located in Tampa, Fla. and its Asia Pacific headquarters is located in Singapore. For more information, please visit: www.aacsb.edu

DSU Board Appoints Two New Trustees

               Mark A. Turner Delaware State University’s Board of Trustees has appointed two new members to its body.   Dr. Claibourne Smith, board chair, swore in Mark Turner, WSFS Bank CEO, and John J. Allen, Jr., Delmarva Power vice president, as the board’s newest trustees during its regular Jan. 10 public meeting. Both Mr. Turner and Mr. Allen have been appointed by the Board to serve six-year terms that will end on Aug. 31, 2019.   Mark A. Turner has been president, CEO and director of WSFS Financial Corporation and WSFS Bank since 2007. Prior to that, Mr. Turner served as the chief operating officer and chief financial officer of WSFS. His career has also included posts at CoreStates Bank, Meridian Bancorp, as well as the international professional services firm of KPMG, LLP.   Mr. Turner has a bachelor’s degree in accounting and management from LaSalle University, a MBA from the Wharton School of the University of Pennsylvania, and a master’s degree in executive leadership from the University of Nebraska.   An active leader in business, civic and community circles, Mr. Turner has served as board chairman of the Delaware Bankers Association, board vice chairman of the Delaware Business Roundtable, and as an executive committee member of the Delaware State Chamber of Commerce, just to name a few. He also has been a senior fundraiser for the Wilmington Grand Opera House, and is involved in fundraising for the University of Pennsylvania and the Boys and Girls Club.               John J. Allen, Jr.   John J. Allen, Jr., is Delmarva Power’s vice president responsible for Kent and Sussex counties in Delaware as well as the counties of the Eastern Shore of Maryland since 2005.   An employee of Delmarva Power for 32 years, Mr. Allen’s background includes Customer Care Leadership, Organizational Training and Development, Training Instructional Design and Development, Human Performance Technology and Performance Improvement and holds industry certificates for Strategic Leadership.   Mr. Allen attended Lincoln University and Southwest Bible College & Seminary and holds Bachelors and Masters Degrees in Theology.   Mr. Allen is a member of Phi Beta Sigma Fraternity, Inc., Sigma Beta Delta International Honor Society for Business, Management and Administration and is also a 2006 graduate of Leadership Maryland.   In civic and community service areas, Mr. Allen serves on the executive board of the Greater Salisbury (Md.) Committee, Salisbury Wicomico Economic Development, the Community Foundation of the Eastern Shore and the Maryland/D.C. Utilities Association. He also serves as a board member of Nanticoke Health Services, the University of Maryland Eastern Shore Board of Visitors, the University System of Maryland Foundation, Big Brothers Big Sisters of the Lower Eastern Shore, as well as a member of the United Way of Delaware Kent & Sussex Advisory Council.