Dr. Argüden undertook the Chairmanship of the Bosphorus University Alumni Association (BÜMED) in order to organize the graduates around the common objective of supporting the university. He facilitated the institutional development of BÜMED, initiated an annual giving program and motivated the alumni for sponsoring the development of the university by establishing facilities for the alumni at the university premises. BÜMED won the honor of being the first alumni association in Europe to win the National Quality Award for NGOs.