Thanks for the post, Jane!
Anyone curious about business-school accreditation (and with an hour or ten to kill) can check out the income-tax-code-like documentation on the process here. Accreditation is not leaving B-schools anytime soon, but as said in political arenas, more people need to “read the bill.”
One of the most telling statements in this document is found on page 3:
It is important to note that accreditation does not create quality learning experiences. Academic quality is created by the educational standards implemented by individual faculty members in interactions with students. A high quality degree program is created when students interact with a cadre of faculty in a systematic program supported by an institution. Accreditation observes, recognizes, and sometimes motivates educational quality created within the institution.