AIESEC Canada Annual Report 2009-2010

AIESEC Canada Annual Report

June 1st 2009 to May 31st 2010

www.aiesec.ca

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President’s Message Despite a very challenging economic environment, AIESEC Canada experienced growth in its Global Internship Program in the 2009-2010 year. Overall results for the Global Internship Program grew 12.5% over the previous year, reflecting an increased focus on expanding the delivery of this program to the Canadian student marketplace.

This growth translates to positively impacting the lives of 305 students and recent graduates who completed an internship in an organization within Canada or abroad. The outgoing exchange program saw 24% growth over the previous year as more members sought experiences abroad in a difficult labour market. The incoming exchange program, however, experienced a corresponding 23% decrease in program activity as Canadian organizations responded to new economic realities.

The number of students involved in running AIESEC’s Global Internship Program grew by 21% across our national network of 28 universities, reflecting a renewed interest in gaining practical personal and professional skills through the management of local chapter operations.

Members gained these valuable skills through numerous training opportunities at our annual regional and national conferences, improving their ability to deliver on our programs while preparing them for their future careers. It is to the credit of these student leaders that we were able to provide more opportunities for youth to experience both Canada and the world.

As we look forward to next year, we remain focused on our core programs and responsible financial management and are committed to ensuring AIESEC Canada continues to develop socially responsible leaders. We believe that in doing so, we are providing youth with the skills, abilities and aptitudes necessary to succeed in an ever increasing competitive business world.

On behalf of AIESEC Canada, thank you for supporting our membership and the national organization.

Marina Ran, President AIESEC Canada Inc.

Table of Contents President’s Message Summary of Results Canadian Youth Abroad Global Youth in Canada Youth to Business National Partner Group Financial Summary Staff, Boards & Champions 2

1 2 3 4 5 6 7 9

Barry Jarvis, Chairman AIESEC Canada Inc.

Our Profile AIESEC is the world’s largest non-profit, studentrun organization. Active in over 107 countries and territories with over 50,000 members, AIESEC takes an innovative approach to engage and develop today’s youth. Students involved in AIESEC gain skills and competencies through challenging leadership experiences, international internships, and interaction with an extensive global network. In partnership with business, government, and institutions of higher education, AIESEC has over 60 years of experience in developing highpotential students into globally minded responsible leaders.

Our Values The values we uphold guide our decisions and support the achievement of our organizational goals.

Activating Leadership Demonstrating Integrity Living Diversity Enjoying Participation Striving for Excellence Acting Sustainably

Our Highlights Exchange Overall, AIESEC Canada saw a substantial increase in the number of internships for Canadian youth abroad.

13%

growth

Members AIESEC recruited and retained 800 students in the 2009-2010 year. This growth was a result of ensuring every member played an important role in their university local chapters.

21%

growth

Members in Leadership Roles This year, university local chapters implemented an organizational structure that facilitated an increase in the number of team leader positions.

This change facilitated a 5% growth in members taking on leadership roles.

5%

growth

Members with Exchange and Leadership Our development process consists of both leadership and exchange experiences. This year, 13% of student leaders completed an internship abroad, doubling our results over last year.

100%

growth

AIESEC Canada Founded in 1958 Active in 28 top Canadian universities 1,300 members nationally 285 leadership opportunities for Canadian youth 15 national partner organizations Over 5,500 alumni nationally 3

Sending Canadian Youth Abroad AIESEC Canada broke a 15 year record this year, experiencing 24% growth in the number of Canadian students completing an internship abroad. Due to the fact that most students participate in our Global Internship Program over the summer holidays, the average duration of an internship ranges from 4 to 6 months.

256

internships

Global Internships Abroad Internships by Region

Globally, AIESEC is present in over 107 countries and territories, grouped geographically into 6 regions. Overall, Asia Pacific is by far the most popular destination among Canadian students interested in gaining experience internationally.

Internships by Type

The majority of the internships completed by Canadian students were in the developmental and management sectors. The number of students completing a developmental internship increased due to a focused effort on delivering social impact through our Global Internship Program.

Social Impact of Global Internships AIESEC’s developmental and educational internships abroad aim to provide students with the opportunity to have a social impact through direct interaction with people in underprivileged communities. Of the 256 students who completed an internship abroad, 36% had a direct social impact in the following areas.

Youth Education

Environmental Issues

HIV / AIDS Awareness

Microfinance Initiative

41 Canadian students traveled to Asia Pacific, Central & Eastern Europe, and Iberoamerica, to teach English and / or educate youth on topics ranging from cultural awareness to career planning.

Africa and Asia Pacific were destinations for 19 Canadian students who planned, prepared, and delivered HIV / AIDS related workshops that aimed to raise awareness among young people.

Interested in environmental issues and water management projects, 5 Canadian students completed internships in Asia Pacific promoting conservation and sustainable development.

Once educated by industry experts in Asia Pacific and Africa, 4 Canadian students facilitated sessions for local youth on how to use microfinance to develop their own self-sustaining start-ups.

Spotlight on AIESEC’s Social Impact Abroad

Charity Smith Developmental Internship, Indonesia University of Windsor

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“My internship in Jakarta, Indonesia gave me the opportunity to challenge myself while gaining cultural understanding in an international environment.

Working with children and families in severely underprivileged communities allowed me to listen to the voices of the world that often go unheard. Through tutoring, I managed to build the confidence of children while teaching them the importance of getting an education. I’ll always remember being approached by a mother wanting to learn English to become a better role model. After agreeing, I asked her to see if any other mothers in the community would be interested. The next day we started an English class with ten mothers.

Impactful moments like this amounted to an incredible experience that has shaped who I am today.”

Bringing Global Youth to Canada This year, as Canadian organizations responded to new economic realities, AIESEC Canada experienced a 23% decrease in the number of opportunities for global youth to complete an internship in Canada. With hiring freezes and locked budgets, many organizations found it difficult to provide employment opportunities for our international interns. However, despite these challenges, 48% of organizations who previously employed interns through our Global Internship Program, continued to offer opportunities to global youth.

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internships

Global Internships in Canada Internships by Region

Our Global Internship Program partners received interns with unique skill sets, leadership experience and diverse perspectives from various regions of the world. Most of our international interns are from the Iberoamerica region, although most of our partners do not indicate a preference.

Internships by Type AIESEC Canada sources international talent for businesses, government, and institutions of higher education. The majority of the employment opportunities in Canada for global youth are in management, followed closely by internships in technical (IT and Engineering) fields.

Internships by Industry Canadian organizations in a variety of industries are currently participating in AIESEC Canada’s Global Internship Program. Over the past three years, our data shows an increasing demand for international talent in the IT industry.

Duration of Internships The majority of our partners hire international interns for long term positions, ranging from 12 to 18 months. However, some of our partners enjoy the flexibility of hiring interns for shorter durations, usually between 2 and 6 months.

International interns can start at any point during the calendar year depending on the needs of the organization.

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Youth to Business AIESEC Canada provides leading organizations the opportunity to connect with young, business savvy, globally-minded, responsible leaders. Linking youth to business, AIESEC members have the opportunity to engage in high-level discussions around emerging issues and trends that are affecting organizations today. In turn, AIESEC’s partners and alumni network have the opportunity to promote their brand, access innovative and creative perspectives, and recruit some of the best and brightest university students from across the country.

Focus on Sustainability

Professional Development

The Co-operators Group

The Co-operators Group is AIESEC Canada’s National Sustainability Partner. Interested in internal initiatives for sustainable development, The Co-operators conducted a Sustainability Challenge with our membership at our annual National Congress held in Quebec City this past January.

Delegates were challenged to come up with marketing strategies that would encourage stakeholders to think green. Our members presented innovative and practical solutions with the knowledge and insight provided by representatives from The Co-operators Group. The facilitation of this focus group exposed Canadian youth to one of our national platinum partners, and in turn provided valuable input for our partner.

AIESEC Canada is privileged to have had representatives from various organizations involved in the professional development of our members.

The following sessions were delivered at various conferences throughout the course of the year.

Business Excellence and Leadership Export Development Canada

Cross-Cultural Communication eConcordia

Developing a Global Mindset Reimer World Corporation

Alumni Involvement

Ethics and Integrity in the Workplace

Engaging our Alumni Network AIESEC Canada is fortunate to have one of the strongest alumni communities in AIESEC’s international network. Our alumni network remains key champions of AIESEC in their local communities and on local Boards of Advisors, finding ever more ways to contribute back to the organization. As such, this network is an invaluable resource for our overall organizational development.

Over the last three years, we have seen many new alumni initiatives and growth in support thanks to the Ontario Alumni Program paid for by the Ontario Trillium Foundation (OTF). Their continued partnership has led to a significant increase in donations, mentorship and support. AIESEC Canada attributes much of its success to the continued support of both partners like OTF and our esteemed alumni network.

Canadian Business for Social Responsibility

Emotional Intelligence Freedom 55 Financial

Importance of Growth in Trade Export Development Canada

Microfinance: Credit as a Human Right Opportunity International

Sustainability Challenge The Co-operators Group

Spotlight on Export Development Canada

Ruth Fothergill Head, Corporate Responsibility Export Development Canada

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Export Development Canada (EDC) is AIESEC Canada’s International Trade Partner. Since 1997, EDC has generously contributed to our operations and activities. Through participation in our national conferences, EDC representatives interact with our membership with engaging speeches and training workshops. These touch points have resulted in an increased awareness and knowledge of international business and trade amongst our membership. Due to their demonstrated interest in international business, many students involved in AIESEC have been awarded EDC’s prestigious International Business Scholarship. Together, AIESEC Canada and EDC strive to develop Canada’s next generation of business leaders.

AIESEC Canada’s National Partner Group

Platinum Partners International Trade Partner

Gold Partners

Silver Partners

Media Partner

Concordia Friends of AIESEC The Birks Family Foundation

DHL Canada

Turner Efficiency

Exchange Partners Alcatel-Lucent

Swiss Virtual Business School 7

Financial Statements

Summary

AIESEC Canada - Head Office Balance Sheet as of May 31, 2010 All figures in CAD

Current Assets

Cash 711,427

Short-Term Investments 5,996

Receivables 37,623

Other 4,312

759,358

This year, AIESEC Canada placed an emphasis on financial management, minimizing loss by reducing personnel, travel and printing costs.

Revenues

Investments 112,246 Fixed Assets 4,842 Intangible Assets 1,248

Total Assets 877,694 Current Liabilities

Payables 155,025

Deferred Grants / Fees 125,417

280,442

Fund Balances

597,252

Total Liabilities and Fund Balances

877,694

AIESEC Canada secured corporate sponsorship at $171,500 this year, despite a difficult external environment, and the loss of some national partnerships due to budget cuts.

The Global Internship Program generated $109,907 in revenues, which is equivalent to last year. Overall, growth in revenue from the internship fees of sending students abroad offset loss in revenue due to a decrease in the number of internships realized in Canada. Our alumni contributed $7 297 to the organization.

Key Revenue Sources for 2009-2010

All financial data refers to the period from June 1st, 2009 to May 31st, 2010.

AIESEC Canada - Head Office Income Statement for the Year Ended May 31, 2010 All figures in CAD

Revenues

Sponsorships and Donations 244,881

National Development 78,093

Program Revenues

109,907

Other 10,252

443,133

Expenses

Salaries and Benefits 212,906

Travel and Development 66,057

Communications 31,545

Office Rent and Expenses 43,865

AIESEC International 44,759

Others 48,258

447,390

Personnel costs totalled $212,906 this year, a 17% decrease compared to last year, due to a reduced number of national staff members. Office expenses totalled $43,865 as well as national and international travel which totalled $31,018 Main areas of expenditure for 2009-2010

Excess (Deficiency) of Revenue Over Operating Expenditures (4,257)

Other Revenue

146,494

Excess (Deficiency) of Revenue Over Expenditures

142,237

Head office audited financial statements are available upon request.

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Expenditures

AIESEC Canada National Executive Team Ms. Marina Ran President

Ms. Alexandra Russin Vice President Communications

Ms. Shelly Tadjer Vice President Exchange

Mr. Paul Vlahov Vice President Corporate Relations

Mr. Charles Marful* Ernst & Young

Mr. Colin Baril* IBM Global Business Services

Mr. Alan Middleton* Schulich School of Business

Ms. Linda Cruz KPMG MSLP

Ms. Lily Ng The Co-operators Group

Mr. Patrick Hounsell* Avenue A - Razorfish

Mr. Nick Rodrigue* White Ribbon Campaign

Ms. Anne Huang* TELUS

Ms. Andrea Ross* Sanis Health

Ms. Janel Jaffray* Canadian Pacific Rail

Mr. Louis Roy Export Development Canada

Mr. David Hughes President & CEO Pathways to Education Canada

Mr. Vitor de Avelar Vice President Organizational Development Ms. Noémie Marquez Vice President Corporate Relations

National Board of Directors Mr. Barry Jarvis* Diapason Group, Inc.

Mr. Shabir Ladha* Kouri Berezan Heinrichs

National Champions Group Mr. Pierre Alary*

Senior Vice President & CFO Bombardier Mr. Charles Coffey, OC Former Senior Executive

RBC Financial Group Mr. Dennis Deters Senior Vice President

The Co-operators Group

Mr. Claude Lessard Chairman & CEO Cossette Communication

Ms. Laura Dettori

Global Head, Corporate Credit Products CIBC World Markets

Mr. Ed Lumley Vice Chairman BMO Nesbitt Burns Dr. Eric Newell, OC, LLD (Hon) Chancellor University of Alberta

Mr. Blake Goldring

President & CEO AGF Management Dr. Lewis Perinbam** *AIESEC Alumnus **In honour of the late Dr. Lewis Perinbam

Our National Network Atlantic St. Mary’s University

Ontario Carleton University McMaster University Queen’s University Ryerson University Trent University University of Guelph University of Ottawa University of Toronto University of Western Ontario University of Windsor Wilfrid Laurier University York University

Québec Concordia University HEC Montréal ESG-UQAM McGill University Université Laval Université du Québec à Chicoutimi Université de Sherbrooke

West Simon Fraser University University of Alberta University of British Columbia University of Calgary Kwantlen Polytechnic University University of Manitoba University of Saskatchewan University of Victoria 9

Contact Us Today AIESEC Canada Inc. Suite 402 161 Eglinton Avenue East Toronto, Ontario M4P 1J5 10

Email info@aiesec.ca Phone (416) 368.1001 Fax (416) 368.4490

www.aiesec.ca Charitable Organization Number 129835872 RR0001