The first meeting of the business ethics professors of CEMS–Community of the European Management Schools was organized by the Business Ethics Center on April 11–13, 1997 in Budapest.
Participants included Hans de Geer, Stockholm School of Economics; Nel Hofstra and Luit Kloosterman, Erasmus University Rotterdam; Franz Hrubi, Vienna University of Economics and Business Administration; Josep M. Lozano, ESADE Business School, Barcelona; Lidmila Nemcova, University of Economics, Prague; Yvon Pesqueux, HEC Paris; Peter Pruzan, Copenhagen Business School; and Laszlo Zsolnai, Corvinus University of Budapest. During the meeting participants presented a report about the business ethics teaching and research activities of their own university. Since 1997 the CEMS Business Ethics Faculty Group has been chaired by Laszlo Zsolnai.