In 1988, the council took a leap forward through its incorporation, with 56 schools as charter members, and Tom Ference, who then headed the EMBA Program at Columbia University, become the first chair of the EMBAC Board of Trustees.
The 1990s brought rapid growth, both in EMBA Programs and council activities, including the first newsletter, first web site, first regional meetings, and first corporate members. At the 1993 conference in Mexico City, Mexico, participants met with then president Carlos Salinas at the official presidential residence.
In the late 1990s, the EMBAC Board of Trustees made a game-changing decision to become an independent organization.
In 2000, EMBAC become independent, maintaining an ongoing collaboration with AACSB International but taking charge of all operations and offerings. Maury Kalnitz, who had headed an EMBA Program at Georgia State University, became the council’s first managing director.
In the years that followed, EMBAC became a truly global organization, expanding its members throughout the world, hosting conferences in Barcelona, Paris, and Singapore and offering regional meetings in Asia, Latin America, and Europe, as well as throughout the United States and Canada.