AIESEC Denmark Annual Report 2009-2011
1: AIESEC Denmark Annual Report 2009-2011
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Table of Contents Letter from the Presidents 4 About AIESEC 6 National Executive Boards 9 Performance Reports ...Membership 10 ...Leadership 11 ...Out Going Exchange 12 ...Incoming Exchange 14 ...External Relations 17 ...Global Impact 18 ...Global Direction 20 Impact Reports ...Company Experience 22 ...Global Connection 23 ...Local Offices 24 ...Alumni in Focus 29 ...Halls of Fame 30 ...National Awards 31 Initiatives ...Scandinavian Events 32 ...National Events 33 ...National Projects 34 ...Online and Media 35 AIESEC’s Supporters ...Board of Trustees 38 ...Board of Foundation 39 Governance and Accountability 40 Management’s Statement of Consolidated Accounts 41 Statement of Financial Result 44 Balance Statement 46 Notes to the Accounts 47 Independent Auditor’s Report 49 List of Supporting Foundations
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Message from the President 2009-2010 The term 2009/2010 meant a significant growth in all operations of AIESEC Denmark, innovation in the way we did things and consolidation of the local offices in order for them to become stronger and more independent. We felt long term stainability can only be achieved by having more results driven by the base (the local committees) of the organization than by its top. From the beginning of the term we figured what AIESEC Denmark needs is stronger Local Committees in order to grow. The road wasn’t easy – we had to take bold decisions, we had to act fast, we had to adapt and be flexible and most important, we had to be there for the members and local committees no matter what. This was our number one priority and in the end, I feel it was the right decision opening up the potential to achieve results not achieved since the 1980’s. Throughout the year we implemented many innovative changes throughout the country. In the exchange area we introduced 3 key national, long term projects to improve stainability. We had great advances in the quality of education of our members throughout our conference cycle including 2 key Scandinavian regional collaborations focused on action orienting the membership. We had the good fortune of being able to represent the youth voice along with AIESEC International as part of the UN Climate Change Conference, COP 15. Finally, we established the Board of Foundation to oversee the financial future of the organisation through investment strategies. All in all, it was a challenging and adventurous year, but I am grateful for the opportunity I had to lead AIESEC Denmark this year together with 4 exceptional individuals. I am happy with the progress of the country and whish it all the best in an even further growth and development! Thank you AIESEC Denmark, Member Committee team 2009/2010, Local Committee Presidents 2009/2010, Board of Trustees and all our supporters for an amazing term! On behalf of the Member Committee 2009/2010
Sincerely,
Teodora Sanda Chetan
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Message from the President 2010-2011 “Nothing is permanent except change” – Heraclitus, 5th Century B.C. Whilst the core essence of AIESEC remains a steady constant throughout the organisation, this last year has been coloured with many shifts in the method with which we deliver this essence. Members throughout the world took part in analysing the status quo and designing a new midterm ambition to grow and evolve the global operations. Globally this analysis has resulted in the development of new programmes and new performance benchmarks, whilst nationally it has included the rollout of a new investment strategy calling on all the members to devise what should be The Next Big Thing for AIESEC Denmark. AIESEC Denmark experienced another year of growth, despite the financial crisis. We saw a year of increased cooperation amongst all entities, the strengthening of processes, and increased opportunities at all levels of the organisation. Consequently AIESEC Denmark achieved 100% exchange growth, successfully executed several national projects and continued delivery of high quality of conferences, which were managed at the local level for the first time. More investments have also led to a more active role for the recently formed Board of Foundation and we have all benefited greatly from their involvement. The organisation will its basis of continuous evolution and innovation, however the members and leaders of all the entities have proven themselves capable of adapting to the changing state of AIESEC. My deepest thanks goes to the Board of Trustees, Board of Foundation, partners and extraordinary individuals who have devoted time and effort to support AIESEC in Denmark. I feel confident that AIESEC will continue to have an impact on its stakeholders and that we will keep on moving forwards, constantly challenging the limits. I am very grateful for the opportunity to lead the amazing Member Committee team of 10/11, the close cooperation with the Local Committee Presidents, the Local Executive boards and members and to have been a part of such a challenging and interesting year in AIESEC.
Sincerely
Line Dahl Pedersen
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About AIESEC AIESEC has more than 60 years experience in developing high-potential youth into globally minded and responsible leaders. Present in over 110 countries and territories with over 60 000 members, AIESEC is the world’s largest student run organisation. AIESEC provides its members with a youth driven, impactful experience through international internships, offering leadership roles within the organisation and a global learning environment. AIESEC is run by young people for young people enabling a strong experience to all its stakeholders: * Our members form an exciting, driven and globally diverse network. They are able to contribute to societal change while exploring their own vision for leadership to create a positive impact in society. * We are supported by 4000 partner organisations around the globe to who look to AIESEC to support the development of youth and to access top talent through our global internship program. * Our alumni are leaders within their organisations and communities. They use the experience, skills, global network and inspiration AIESEC has provided them to be agents of positive change within society.
What we envision
AIESEC’s scope
Peace and fulfillment of humankind’s potential AIESEC is a global, non political, independent, not-for-profit, organisation run by students and recent graduates of institutions of higher education. Our members are interested in AIESEC members live an integrated world issues, leadership and management. development experience. This involves AIESEC does not discriminate on the basis of leadership opportunities, international race, colour, gender, sexual orientation, creed, internships, and interacting with a global religion, ethnic or social origin. network to support their development.
Our approach
AIESEC in Numbers 60’000 members 16’000 internships 20’000 leadership roles 2’100 universities 4’000 partners 110 countries 470 conferences 945’000 alumni +60 years experience
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Our Values Activating Leadership
Enjoying participation We create a dynamic environment created by active and enthusiastic participation of individuals. We enjoy being involved in AIESEC.
Demonstrating Integrity
Striving for Excellence
Living Diversity
Acting Sustainably
We lead by example and inspire leadership through our activities. We take full responsibility for developing the youth leadership potential of our members.
We are consistent and transparent in our decisions and actions. We fulfill our commitments and conduct ourselves in a way that is true to our ideals.
We seek to learn from the different ways of life and opinions represented in our multicultural environment. We respect and actively encourage the contribution of every individual.
We aim to deliver the highest quality performance in everything we do. Through creativity and innovation we seek to continuously improve.
We act in a way that is sustainable for our organisation and society. Our decision take into account the needs of future generations.
Our Network Afghanistan Algeria Angola Argentina Armenia Australia Austria Azerbaijan Bahrain Bangladesh Belgium Benin Bolivia BosniaHerzgovinia Botswana Brazil Bulgaria Cambodia Cameroon Canada Chile China, Mainland of
Colombia Costa Rica Cote d’Ivoire Croatia Czech Republic Denmark Dominican Republic Ecuador Egypt El Salvador Estonia Ethiopia Finland France Gabon Georgia Germany Ghana Greece Guatemala Hong Kong Hungary Iceland
India Indonesia Iran Ireland Italy Japan Jordan Kazakhstan Kenya Korea Kyrgyzstan Latvia Lithuania Macedonia, Republic of Malaysia Malta Mauritius Mexico Moldova Mongolia Morocco Mozambique The Netherlands
New Zealand Nigeria Norway Oman Pakistan Panama Peru The Philippines Poland Portugal Puerto Rico Qatar Romania Russia Rwanda Saudi Arabia, Kingdom of Senegal Serbia Singapore Slovakia Slovenia South Africa Spain
Sri Lanka Sweden Switzerland Taiwan Tajikistan Thailand Togo Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom United States of America Uruguay Venezuela Vietnam Zimbabwe
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National Executive Boards | 2009-2011 The National Executive Board, or Member Committee, plays an integral role in the overall development of the National Association. The Member Committee is responsible for fostering the growth of the local offices, playing a connecting role between the national reality and the global direction of the organisation. Together these five highly talented and experience individuals are responsible for the leadership development, talent acquisition, conference management, regional collaboration, financial management and overall long term strategic evolution of AIESEC Denmark. During the past 2 years the Member Committees, in collaboration with the local offices, have spearheaded several key new strategic initiatives including:
Cooperation with the Danish Efterskoleforeningen UNITE – a Scandinavian regional conference with Sweden and Norway Expansion of local offices to VIA College Horsens and SDU Sonderborg Summer Abroad Program sending Danish students on cultural exchange during the summer break • Establish a Board of Foundation to strategically manage the financial investments for long term stainability of the National Association
• • • •
A year as part of the Member Committee is a challenging and life-changing experience for those who are privileged to be selected to the position. This has been an immense period of great changes for AIESEC Denmark as an organisation and those, who along with the local offices and various support teams, have been leading the growth revolution.
Member Committee 2009-2010 (L-R) Teodora Chetan (President), Anna Streiter (Vice President External Relations), Lekha Mohannan (Vice President Exchange), Line Dahl Pedersen (Vice President Finance), Mudit Duggal (Vice President Talent Management and Student Relations)
Member Committee 2010-2011 (L-R) Carolina Sepulveda (Vice President Exchange and National Exchange Partners) Kim Rounsefell (Vice President Talent Management and Communications) Jacob Lund (Vice President External Relations) Nitin Mehta (Vice President Finance and Information Systems) Line Dahl Pedersen (President)
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Performance Report | Membership In Denmark, AIESEC runs 6 offices covering 12 universities/campuses. Consisting primarily of student volunteers AIESEC Denmark has an ever growing membership base currently totalling more than 370 members and participants in AIESEC’s global exchange programmes. Since 2008, AIESEC Denmark has been steadily growing in its reach with the restructuring and reopening of local offices resulting in a 71% increase in membership. This dramatic change has been due to the increasing flexibility of membership options, higher availability of shorter internship experiences and a diversification to include technical, IT and engineering students.
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AIESEC Denmark Membership 2007-2011 374
300
71% Growth 200
220 198 156
100
0
2007-2008
2008-2009
2009-2010
2010-2011
“A very challenging experience I will never forget - and one which I will do again and again in the future” -- a member in AIESEC Aarhus The membership of AIESEC Denmark has a ratio of 57-43% female-male and 48% are in the age bracket of 23-25 years. 56% of the members are currently completing their bachelor studies with the most dominant study lines being: Economics, Culture, Communication, Marketing and International Business. Members of the organisation spend their time running the day to day local office operations, and engaging in leadership opportunities such as leading operational and conference logistics teams. All members are encouraged to also undertake an international internship at some point during their AIESEC Experience.
Most Common Studylines of Members
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Performance Report | Leadership Roles AIESEC provides an unmatched leadership development platform for its members. Leadership roles within AIESEC are defined as leading a team of a minimum of 3 people for a minimum of 2 months with a defined goal and objective. This experience develops competencies and characteristics in all AIESEC leaders enabling them to further enhance their project management, strategic planning and people skills.
“I am using this experience to understand my working patterns and how to handle different situations� -- a leader in AIESEC CBS AIESEC Denmark in the past years has been focused on strengthening and expanding the range of leadership roles throughout the national organisation. This has been achieved through the revision of the organisational structures, the undertaking of more short term projects and the transference of conference hosting from the national office to the local office. In the 2010-2011 year alone the number of leadership positions undertaken in AIESEC Denmark has risen 74% to 127. Based on the AIESEC Experience Quality Survey, those members undertaking leadership positions have expressed 80% satisfaction with the experience based upon the 5 core characteristics AIESEC aims to develop in its membership. Satisfaction of Leadership Experience Provided by AIESEC Denmark Professional Development
Personal Development
Societal Impact
International Experience
Global Network 02
04
06
08
0
100
In Focus | Leadership Bodies Board of Directors
The Board of Directors of AIESEC Denmark is formed by all of the Local Committee Presidents from around the country and chaired by the National President. The Board of Directors is the overall decision making body responsible for the governance of the national organisation and its modus operandi.
National Support Team
The National Support Team is made up of experienced members of the organisation (usually former members of Local Executive Boards) who support the Member Committee in the operational coaching and strategy execution. The size and positions of the National Support Team vary year to year depending on the needs and strategy of the Member Committee. 11: AIESEC Denmark Annual Report 2009-2011
Performance Report | Out Going Exchange AIESEC globally provides more than 16 000 internships per year across the network in areas such as management, engineering, technology, education and community development. Everyday members participating in the internship programmes are supporting overseas business expansions, contributing to managerial and financial operations of global corporations, participating in humanitarian projects in NGO and community based organisations or providing language and cultural education to underprivileged children as part of their academic studies or as their graduate entrance into the global workforce. This diverse and rich experience in their fields of expertise against the backdrop of cultural, personal and professional development provides a truly unique opportunity for youth leadership development.
100
Danish Students Undertaking Internships 2007-2011
80
113% growth
60
40
20
0
2007-2008
2008-2009
2009-2010
2010-2011
Between 2009 and 2011 AIESEC Denmark has refocused its approach to the operation of the global internship programme to allow more Danish students to gain an international internship experience while completing their university studies that take advantage of the summer study break. This long term strategy resulted in a 286% growth over the same period in the previous 2 years, with the most aggressive growth happening in the 2010-2011 year. The sectors that are in highest demand from Danish students are those in the community development and management areas. 46% of all of the students participating in the exchange programme from Denmark were those participating in the Summer Abroad programme. Since 2008 the community development sector has averaged a yearly growth of 314% in the participation of Danish students. The strongest sector of interest for Danish students (52%, 2009-2011) remains with the professional development opportunities in the management area. Encompassing the fields of finance, accounting, marketing, human resources and project management these opportunities are usually most attractive to graduates for a time frame of 6-12 months allowing them a solid break into the corporate environment of their field of interest.
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Internship Distribution by Sector Technical Internships 2%
Deveiopment Internships 46%
Management Internships 52%
Performance Report | Intern Experience Kristine Pedersen Former Local Committtee President and National Support Team - Strategy Internship in Bangledesh with Grameen Bank Someone once told me that culture is like a map that you’re being given as you grow up and which guides you through life in the settings where you are. My map was given to me in Denmark, this is where I was born and grew up as a child and this map was completely useless for me when trying to find my way around in the culture which I faced in Bangladesh – it was a challenging and at the same time an amazing experience! After having been a member of AIESEC for four years and had leadership position for 2 ½ years, I finally went on an internship with AIESEC. During my studies I had developed an interest in social business and microfinance and I graduated with microfinance as the topic of my master thesis so therefore it was a dream coming true when I got an internship through AIESEC in the Nobel Peace Prize winning microfinance institution, Grameen Bank in Bangladesh. Doing this created for me a link between me studies and the real world at the same time as giving me an incredible experience in a country with such a different culture and so different challenges from where I come from, Denmark. It was an incredible experience to challenge myself like this and overcoming this challenge is one of my greatest achievements in life so far. At the same time I was living with people from all around the world and I developed friendships with these people and not least with the Bangladeshis I met through AIESEC and in my internship. And finally I got experience in a field I am passionate about and experiences which are valuable to my future ambitions of having a positive impact on society.
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Performance Report | Intern Experience Cristina A. Matonte AIESEC USB - Venezuela Eugenia Arguedas Colom AIESEC UCR - Costa Rica Interns at Microting A/S Odense The process from applying for the internship and to finally arrive in Denmark was so smooth, that we never had any worries about coming to a different country with a very different culture. AIESEC was there to support us all the way and make sure that we would have the best experience possible. We both wanted to apply our programming knowledge in a different setting. Our AIESEC internship as software developers at Microting A/S has truly been a positive learning experience. We came to Denmark in the middle of the winter when it was snowing and AIESEC took us shopping for warm clothes and boots. When we arrived our beds were ready with blankets and there was food in the fridge. Through AIESEC we have gained many friendships in Denmark and discovered some of the cities (Odense, Aarhus, Copenhagen, Sønderborg and Aalborg). It has been very interesting to learn about the Danish culture and traditions since some of them are very different from what we are used to from our home countries. Who would ever have thought that we would take lessons to learn Danish? Yet here we are and it’s all because of AIESEC. It would never have been as smooth and comfortable a transition to move to another country if it wouldn’t have been for the support from AIESEC.
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Performance Report | In Coming Exchange Bringing Global Youth to Denmark
Over the past 2 years, as Denmark faced the realities of the global financial crisis, an increasing number of companies across a wider variety of sectors turned to AIESEC Denmark to provide a source of globally minded, young professionals. Traditionally used as a source of business talent, the last years have seen AIESEC approached to participate in global education programs and information technology sectors resulting in a 60% growth of positions for international interns.
Global Internships in Denmark Internships by Region
AIESEC provides internship opportunities through 2 specific programs – the Global Internship Program and the Global Community Development Program. Companies that take interns through either of these programs receive individuals with a diverse range of skill sets, leadership experience and diverse perspectives from different regions throughout the world. The majority of the international interns that have come to Denmark in the past two years are from the Ibero-America region, however most of our partners do not specify a preference.
Duration of Internships
The majority of our partners hire international interns for longer periods of time – either 12/18 months. However some of partners, like the Danish Efterskole, enjoy the flexibility of hiring interns for shorter periods from 2-6 months. International interns are able to be hired at any point during the year, depending on the needs of the organisation.
Internships by Type
AIESEC Denmark sources talent for businesses, government and educational institutions. The majority of opportunities for global youth in Denmark are in technical fields such as computer programming, closely followed by the opportunities provided in a partnership with the Danish Efterskoles to provide cultural education to the students.
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Would you like to insource your company? For more than 60 years AIESEC has been been developing high potential young professionals into globally minded leaders. Supported by more than 4000 companies worldwide, we are always seeking new supporters to aid us in continuing this development. Whether you need a global talent solution or want to engage and develop students here in Denmark, we have a partnership package that suits you.
How can I partner with AIESEC? Global Talent Sourcing
AIESEC can provide your company with a full service, tailored talent solution. With a network of more than 60 000 graduate students across 110 countries, we have the talent your business needs.
Connect with High Potential Young Leaders from Danish Universities By taking part in our national conferences and local events, you can network and interact through trainings and workshops with passionte and ambitious students from Danish universities and business schools.
Brand Yourself as a Danish Employer of Choice Strengthen your brand presence in all of the major Danish universities by participating in our local activities and let our networ put you in front of more than 25 000 students.
Remember, qualified employees are always close at hand www.aiesec.dk
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Performance Report | External Relations The National Partner Group plays an integral role in supporting the overall activities of the association through funding, in-kind professional products and providing member training and development. In 2010-2011 we have enjoyed the continued support of our National Partners FUHU, Soliditet and Exact. Additionally, the group has grown to include the latest National Partner, Insights Denmark. Under the new partnership Insights Denmark will work with the local and national executive boards to foster team growth and effectiveness as well as specialized training for the sales area. In local offices, AIESEC has been working to connect companies and students to find real world solutions to real company problems. These one day events range from case competitions where groups of students have 24 hours to solve a real company problem, to seminars and workshops on subjects such as leadership and the importance of cross cultural integration in the workplace, as well as a company immersion day. These events have been supported by companies such as KPMG, Novozymes, British Chamber of Commerce, Insights Denmark, Aarhus School of Business, Eurowater and Daloon.
Tom Fisker Jørgensen from Insights Denmark providing training to members on the effects of persaonlity styles in teams using the Insights Discovery Wheel
National Partner Group Exact partners with AIESEC Denmark to encourage the members to improve communication and customer relationships across nationalities and borders with a result of a significant increase of traineeships. Doing this Exact feels in many ways similar to AIESEC, working with an international crowd of people focusing upon the same target group of costumers. We believe we can thus create synergies with each other
FUHU has always worked intensively with strengthening to more and better education and research for Danish Businesses. FUHU founded Niels Brock and CBS business schools and continue to work closely with them, is the founding father of the think tank DEA and is involved with the development of NOCA, an independent institution focusing on promoting strategic HR in both private and state businesses
At Insights we strive to inspire and transform organisations with our simple and practical, results-driven approach to people development. Whatever your organisation’s size and budget, and whatever challenges you are currently facing, we can make you more effective in personal development, leadership, consultative selling, teamwork, and organisational change.
Soliditet A/S helps companies and organizations discover new possibilities and develop the potential of their business. Through the BusinessView platform we support AIESEC to acquire new clients and increase the value of existing partnerships in order to insure an increasing number of international talents doing traineeships in Danish companies 17: AIESEC Denmark Annual Report 2009-2011
Performance Report | Global Impact
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Performance Report | Global Direction 2010 saw the start and end of an era for AIESEC as a global organisation. It was a time when the organisation closed the AIESEC 2010 midterm ambition, marking 5 years of exceptional growth in performance and operations. At the same time, we began defining what would be the next midterm ambition towards achieving peace and fulfillment of humankind’s potential. During International Congress in India 2010, 700 delegates together for the first time with more than 1000 virtual delegates underwent a process of appreciative inquiry to determine what should be the ideal state that AIESEC as an organisation should look like in 5 years. Following the likes of Google, Nike, Amazon.com, Microsoft, Boeing and Twitter, the organisation dreamt big in the form of defining a BHAG (Big Hairy Audacious Goal) alongside of the 2015 Ambition Statements. In the next five years, AIESEC will tell a story of engaging and developing millions of young people by being a global youth voice, a first choice partner, and creating positive impact around the world.
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Performance Report | Global Direction As part of the evolution towards AIESEC 2015, the organisation has remodeled how it delivers its unique integrated development experience. Centred around the concept of Experiential Leadership Development, members can choose to participate in any or all of the four (4) programs: • Team Member Programme • Team Leader Programme • Global Community Development Programme Global Internship Programme. The revision of the experience delivery model reflects the changing environment for youth development and how young people wish to create a positive impact in society.
How can you experience AIESEC?
Team Member Programme Start on your path towards leadership development through an introduction to practical team experience, access to a global network and engage in practical hard skill development projects.
Global Commumity Development Programme Create a direct impact on society by working on cross-cultural community development projects focused on entrepreneurial projects that provide self development and cultural understanding.
Team Leader Programme Build your personal and professional development by building and managing a team of members, guiding them in their work and support them in their development.
Global Internship Programme Gain professional and personal development in management or technical fields of work, while contributing to the operations of a company overseas.
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Impact Report | Company Experience “Earlier in the year we suddenly got the opportunity to create 10 workshops with a total of 100 AIESEC students. Each group was given a topic from GlobalCitizen.net e.g. Waste. The task was then to pinpoint a specific problem under the different topics and then brainstorm for new products or companies that could earn money while solving the problem. The seriousness and richness of ideas that the AIESEC students showed in solving these tasks made a real impression on me.” --Søren Winther Lundby, Founder and CEO of Global Citizen
“I am convinced that the tools and concepts we have can create more happiness, motivation and effectiveness for students from all kinds of studies. In AIESEC, I have found dynamic people that also focus on paying it forward. My goal is to develop value anchored workshops for different universities and faculties in Denmark. AIESEC and Insights share the same quest, so why not join forces? Being an exchange student in Denmark can sometimes be a challenge. The workshops and concepts of Insights can bridge the differences and open doors between foreign students and Danish students.” -- Tom Fisker Jørgensen Senior Consultant & Business Manager of Insights Nordic
AIESEC at COP 15
Climate change is one of top issues facing society today and the hosting of the UN summit for Climate Change COP 15 in Copenhagen saw AIESEC called on as a key voice for the opinions of young people on climate issues. In the pre events and the summit itself AIESEC, represented by President of AIESEC International Aman Jain along with several leaders from AIESEC Denmark, presented the youth perspective on this complex issue in events hosted by European Youth Forum, Planet Call, 2041, Mandag Morgen and CBS Principles of Responsible Management (PRME). During these events AIESEC presented their findings of a global survey conducted in partnership with Kairos Future, an international research and consultancy firm. Titled Climate Change – Who Cares? The topic of the century through the eyes of tomorrow’s leaders from over 120 countries, the report explores the thoughts and opinions regarding climate change and the role of youth of 3000 members and alumni from 122 countries.
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Read the full report at www.aiesec.org
Impact Report | Global Connection Participation in International Conferences AIESEC Denmark has a proud tradition of sending delegations to participate in major international meetings and conferences. International conferences are an integral part of the operation of the global organisation creating connections and networks amongst the members of the 110 countries where AIESEC is present. These unique ongoing gatherings of passionate youth leaders provides the platform for new ideas of strategic co-operations, projects, problem solving and leadership skill development as well as fostering cultural understanding. Participation in these events represents a strategic investment of financial resources from the local offices, the national executive board and personal expenditure in order for Denmark to contribute to the global decision making process and direction. Between 2009 and 2011 AIESEC Denmark has been represented in conferences in Tunisia, Italy, Mexico, Malta, Malaysia, India, Portugal, Austria, Greece, Turkey, Estonia, the United Kingdom, Switzerland and Germany.
Facilitators in International Confererces AIESEC Denmark has a proud reputation of having members of its leadership team invited to facilitate in international conferences. Such invitations recognize the level of talent that is part of the national plenary and enable AIESEC Denmark to share its knowledge with the rest of the network. Additionally it provides a key personal development opportunity for the leaders of organisation to design and facilitate sessions for up to 200 delegates on topics including leadership, organizational strategy, team management, competency development, motivation and strategic planning. Between 2009-2011 AIESEC Denmark has provided facilitators for conferences in Greece, Italy, Malta, Portugal, Sweden, Switzerland and Germany.
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Impact Report | Local Offices AIESEC SDU - Southern University of Denmark Odense and Sønderborg
Over the past two years AIESEC SDU has worked towards strengthening the stainability and performance across all operational areas. From building the overall membership and leadership pipeline to attracting more students to go on international internships, AIESEC SDU has achieved great results consequently creating a highly recognized on-campus brand. After a year of generating no exchanges, AIESEC SDU focused on growing both its external and alumni networks with great success. Microting A/S provided the most profitable relationship taking 8 technical interns and providing resources and training to the Executive Board. The Local Committee has also demonstrated innovation in creating new case competition events, the bi-annual Innovation Day and a similar type event with Daloon A/S. Innovation Day has gone on to become an exportable concept within AIESEC that has been successfully adopted in AIESEC Aarhus. AIESEC SDU has continued to expand its operations to the SDU campus in Sønderborg over the past two years building up a team and overall operations. This culminated in the hosting for Fortius 2011 and finally the approval of AIESEC SDU Sønderborg as an Initiative Group of AIESEC Denmark. In the last 2 years AIESEC SDU has been successful in achieving its goals and improving the overall operations. The continued success and pipeline of members as well as twice being awarded top Local Committee in the country are an ongoing testament to this achievement.
AIESEC CBS - Copenhagen Business School, IT University and Danish Technical University Since 2009, AIESEC CBS has been consistently evolving its operations across all areas, taking on new challenges, events and initiatives. From developing a range of national promotional materials and integrated marketing channels to hosting a diverse range of events with the help of our sponsors (CBS, Tuborg Fundet, Halifax Burgers, Halls, Heineken, Neutral, Fotex and Netto), the recognition of the AIESEC brand on campus continues to grow. The results of this evolution can been in the record numbers of students applying to take part as members of the local committee in addition to the 50+ people we were able to send abroad on international internships. New sales approaches put AIESEC CBS at the top of the Danish LCs competing in a Scandinavian sales competition and securing a branch out to new corporate markets for internships. A distinct highlight of the period was playing host of a Scandinavian regional conference in January 2011. With support from AIESEC UNIC and the national team, we hosted 200 delegates for four days including a Youth to Business summit with companies such as Insights, IBM and Global Citizen.
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Impact Report | Local Offices AIESEC Aarhus - Aarhus School of Business and University of Aarhus
During 2009 the decision was made to merge the 2 local offices in Aarhus, AIESEC ASB and AIESEC UNI, into one. AIESEC Aarhus officially came to be for the start of the 10-11 year with 15 members. Successful recruitment rounds in September and February took the membership to a peak of 70 members in spring 2011. Two local induction conferences gave the new members a good start to their AIESEC experience, leading to 11 applicants for 7 positions for the following year’s executive board elections. AIESEC Aarhus performed and developed well in especially two areas: exchange growth and external relations. Furthermore, financial practices were optimized and governance structures improved. AIESEC Aarhus sealed a partnership with the then Aarhus School of Business, Aarhus University. The agreement formalized already existing ties between AIESEC and the university, and entailed delivery of a project organised by AIESEC with the support from the university. The outcome of this was a 3-part event series during the spring of 2011, focusing on bringing students and business life closer together. In exchange, AIESEC Aarhus succeeded in sending 27 individuals on life-changing internship experiences abroad. This was an increase of almost 300% from the previous year’s combined results of the two premerger committees. In incoming exchange, the local committee raised the first AIESEC traineeship in Aarhus in over 5 years, and an additional two traineeships were raised in spring 2011. The period 2009-2011 was that of transition and new beginning as one Local Committee Aarhus, but it was also a period of growth and development beyond the pre-defined organisational changes.
Since 2009 AIESEC CBS has been fortunate to have the dedicated support of our Board of Advisors. Chaired by Christopher Mercado, with Mark Kozak, Elsebeth Blaabjerg, Lene Refsgaard, Anders Harbo, Lone Sondergaard and Ulla Ipsen, they are a great presence with the local committee and provide the Executive Board with invaluable advice in order to support the continued growth of the Local Committee.
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Impact Report | Local Offices AIESEC UNIC - Copenhagen University, Danish Technical University and Roskilde University
AIESEC UNIC has experienced great developments over the past two years. Fuelled by high ambition and strong commitment to results, has lead to a diverse membership where each individual has the desire to succeed for themselves and others. Improved internal membership tracking and communication has translated into more members participating in national and international conferences. It has also created a transparent and open leadership structure which is focused not only on the results of now, but the overall stainability of the committee. We have worked hard to build a strong relationship with Studenterhuset , which has opened up new opportunities for hosting events such as Global Village, company workshops and joint events with AIESEC CBS. The growth of our recruitment of both members and students to participate in exchange programs such as Summer Abroad, further confirms the interest in AIESEC’s activities across our three universities. Creating a local committee that is sustainable operationally and financially has been a key focus during this period. With the help of our alumni, we managed to set up a Board of Advisors to track the performance of the executive team and provide long term guidance to the local committee. Externally, through our strategic partnership with Cyclop Studios, we have created a pipeline for creating internship opportunities, which ultimately results in a secured source of income. Finally, due to improved financial management practices, we have been able to play host to the national transition conference in July with a view to being able to host a larger scale conference in the next term.
In Focus | Expansions Official Extension - VIA College Horsens
The 10-11 year saw AIESEC Denmark pursuing an office expansion strategy for the first time in recent history. Driven by the national committee with investment from the Board of Foundation, in conjunction with the Career Centre at VIA College in Horsens, an Initiative Group consisting of 10 students was formed to both learn about the operations of AIESEC and ascertain the feasibility of opening an office in Horsens. With the support of AIESEC Aarhus as the partner local committee, the members of the Initiative Group quickly came to find their way in the organisation, participating in local activities in Aarhus as well as sending delegates to national conferences. Back in Horsens students, companies and faculty were approached for support for the project building a small student pipeline for outgoing internships. At the conclusion of the year upon presentation of a well researched viability plan, the Board of Directors approved the admission of VIA College Horsens as an Official Extension of AIESEC Denmark as well as securing university funding to continue to build operations towards becoming a Local Committee. 26: AIESEC Denmark Annual Report 2009-2011
Impact Report | Local Offices AIESEC AAU - Aalborg University
Over the last two years AIESEC AAU has achieved amazing growth in membership and become a well functioning LC able to run several functional areas and projects simultaneously both on local and national level. One of the focus areas for AAU 09-11 was promoting the exchange experience and achieving growth in all exchange areas. AAU made a significant contribution to the Summer Abroad program sending in the first year four members and capitalizing on the experiences and reputation of the program to send eleven members in 10-11. In raising traineeships AAU had regular call outs to companies, attended company fairs and contacted business councils in Nordjylland for cooperation. Several new business contacts were created which could yield traineeships or other partnerships in the future. AIESEC AAU has been host and participant in several events during the past two years which have served to raise the profile of the local committee. This included participating in Career Days 2010, hosting a monthly event at the Student House called “Country of the Month� to highlight the many exchange destinations in the network and organizing CITIUS 2010, the first national conference of AIESEC Denmark for 2010-2011. AIESEC AAU has been able to provide a much stronger starting point for next year and increased our presence and relevance at Aalborg University.
27: AIESEC Denmark Annual Report 2009-2011
Insights Immediate Impact - Endless Possibilities
Insights Denmark is proud to be a national partner, collaborating with AIESEC in various areas:
Creating self awareness in the different Local Commitees with Insights Personal Profiles. Participating in the Innovation Days in Aarhus, profiling the innovation teams. Being guest speakers at different gatherings thoughout the year etc. We have chosen to collaborate with and invest in AIESEC, because:
We kind of like you guys. It is that simple. You are eager to learn, high spirited, and full of excellent ideas. The people we have met from AIESEC so far in Denmark have all been willing to create win-win-solutions, which is at the core of Insights. We have a strategy of collaborating with more universities. We truly believe that we have the tools, programmes and psycological depth that can improve the performance of individual students, the collaboration in study groups and the strategies of whole universities. E.g. University College Nordjylland has chosen Insights as preferred partner in implemening the strategy of “The Complete Individual”, ”PULS”, and “Head - Heart -Legs”.
Team
Talents & Leaders
Organisation
Sales
An excellent offer for universities and higher learning institutions:
4 days of Accreditation in the Discovery System for your teachers/lecturers/professors. Licenses to profile students in our Insights Discovery Profile & Full Circle profile. Thousands of professional PowerPoints with exercises, theory and effective learning. +20 workshops in DK & ENG of 3-6 hours for you to deliver - tailored to your institution. +20 Learning Guides full of action learning material, appreciative exercises and much more.
Excellent
Would you like to know more about Insights Discovery Profile Insights Full Circle Profile Practicality of the profile how YOU can Acceptability of the profile develop and empower Scope of coverage of the profile students at your university? Overall quality of the profile
Contact Senior Consultant Tom Fisker Jørgensen for more: tfj@insightsdanmark.dk - 41 89 49 03 www.insightskurser.dk - www.insights.com
Impact Report | Alumni in Focus Birger Baylund - Founder and CEO Debitor Registret A/S AIESEC Experience 1980-1983 - AIESEC CBS Raising and Reception Officer 1983 - Exchange with CFC Corp AIESEC Phillipines 1983-1984 - National Committee Vice President AIESEC Denmark 2009-Present Board of Trustees Member AIESEC Denmark 2010-Present Board of Foundation Member AIESEC Denmark My personal feeling towards AIESEC remains unspoiled in my heart, even after 30 years. To me AIESEC is something pure, idealistic and by continuing bringing students from all over the world together, AIESEC still plays an important role in global business, culture and understanding. Why do I continue to spend time with AIESEC as an alumnus? It’s a combination of idealistic and professional reasons. After spending 25 years working for several international companies, I started out as an entrepreneur starting up a Danish Consumer Credit company Debitor Registret. Through my participation I hope to use the business networks within the alumni network in order to enhance my company brand recognition. On the personal side it is a great pleasure to work with AIESEC students on leadership level as a member of Board of Trustees or as coach/ mentor for National Committee Members. Today more than 50% of the Danish AIESEC members come from abroad, so there is a truly global atmosphere at our meetings and it makes me grow! Working with the worlds next generation of leaders blends my thinking with their priorities and passion for life. It gives me more energy and it improves the quality of my everyday decisions!
Why Should Alumni Re-Engage with AIESEC? Every former AIESEC member should consider getting back in touch with the organisation either directly through the local committees or through the alumni network. Before doing so, it is obvious to ask why? There is plenty of networking opportunities out there, my time is limited…and AIESEC…been there, done that and I even got the T-shirt, tell me something new! Alumni, in my opinion, is an integrated part of AIESEC and should be recognised as such. I feel that if I can support in any way that enables AIESEC to grow, I feel like I am ‘paying back’ some of the investments AIESEC put into my development, and that’s a good feeling. It will always be a very individual question to answer. I joined AIESEC in 1980 at CBS and after working for AIESEC some years I went on a traineeship to the Philippines. It all played an important role for my later business career as leader working for international companies.
29: AIESEC Denmark Annual Report 2009-2011
Impact Report | Halls of Fame Alumni Hall of Fame The Alumni Hall of Fame in AIESEC Denmark started in 2006 (Jens Adamsen, Jan Frøshaug, Kaj Verner Slot & Ole Wiberg). The award is given to an alumnus, whom exemplify AIESEC values and whom contributes to AIESEC and the society he/she lives in. Since 2009, there have been three new additions to the Alumni Hall of Fame:
Jose Manuel Duran AIESEC SDU
Maja Hedemark Mikkelsen AIESEC CBS Board of Advisors
Morten Ring AIESEC AAU AIESEC in Denmark MC National Board of Trustees
AIESEC Experience Hall of Fame The AIESEC Experience Hall of Fame in AIESEC Denmark started in 2010. The award has the purpose of recognising AIESEC members that have participated in both the leadership and exchange programs, while having outstanding contribution to the organization as members.
2009-2010 Casper Bek AIESEC CBS
* Vice President Finance * Internship in Malaysia * Outstanding results in the finance area and national conferences * Currently Local Committee President AIESEC CBS
2010-2011 Kristine Pedersen AIESEC UNI*
* Local Committee President AIESEC UNI (2 years) * NST Strategy 20102011 *Internship in Bangledesh * Founder of Danish arm of JAAGO, an organisation to build awareness about the impoverished community in Bangledesh
* In April 2010, AIESEC UNI and AIESEC ASB were merged to form AIESEC Aarhus
30: AIESEC Denmark Annual Report 2009-2011
Impact Report | National Awards Every year AIESEC in Denmark recognises the performance of the Local Committees throughout the year across the different areas of the organisation. These awards consider not only the numerical performance of the different areas, but also the level of innovation, growth and development of the area along with the cooperation between the local offices.
Excellence in Talent Management
Excellence in Out Going Exchange
2009-2010 AIESEC CBS 2010-2011 AIESEC CBS
2009-2010 AIESEC ASB* 2010-2011 AIESEC Aarhus
Excellence in Sales
Excellence in Finance
2009-2010 AIESEC SDU 2010-2011 AIESEC SDU
2009-2010 AIESEC SDU 2010-2011 AIESEC SDU
Excellence in Communications (2010-2011 only)
Best Individual (2009-2010 only)
AIESEC CBS
Susan Gejl Madsen AIESEC UNI*
Local Committee of the Year
Most Progressive Local Committee
2009-2010 AIESEC SDU 2010-2011 AIESEC SDU
2009-2010 AIESEC ASB* 2010-2011 AIESEC Aarhus
31: AIESEC Denmark Annual Report 2009-2011
Initiatives | Scandinavian Events As a region, AIESEC in each of the Scandinavian countries share similar opportunities, challenges and camaraderie. Therefore twice a year, Norway, Sweden and Denmark (along with Iceland and Finland in the summer) join together to work on regional ties and leadership development unparalleled in the AIESEC global network
ScaLDS - Scandinavian Leadership Development Seminar 2009: Copenhagen, Denmark
2010: Helsinki, Finland
ScaLDS, held annually in August, is the first chance for the new leadership teams from Norway, Sweden, Denmark, Iceland and Finland in order to decide how to approach the upcoming year as a region. Additionally it is the opportunity for regional input for the national teams to take to the global plenary at the largest international conference in the network – International Congress – which directly follows ScaLDS. For 4 days, leaders from local and national level share knowledge and experience on a diverse range of topics including organisational development, team building, time management, virtual leadership, motivating volunteers as well as seeking out cross border project collaborations.
UNITE 2010: Lund, Sweden 2011: Copenhagen, Denmark One of the distinguishing features of AIESEC as an organisation is the yearly turnover of all executive body positions at local, national and international level. In the period of December-January throughout the 110 countries comprising the global network, elections are held to determine the new national president of each country. In 2009, Denmark and Sweden decided to make the unprecedented decision to host a joint election conference and further strengthen regional ties. The conference was such a success, that in 2010 it was decided to expand the conference to include Norway as well. 200 delegates from the three countries came together in Copenhagen to participate in the first ever triple election.
32: AIESEC Denmark Annual Report 2009-2011
Initiatives| National Events Each year AIESEC Denmark hosts 3 national summits as an integral part of ensuring continuity of operations and development of the membership. Hosted in October, April and June, these conferences are focused on giving the members of AIESEC Denmark a national perspective as well as hands on leadership development and the ability to come together to identify challenges and collectively devise solutions to move the national operations forward.
CITIUS
Citius, held annually in October, is the first national meeting of AIESEC Denmark for the year. This is the first chance for the new members of AIESEC Denmark to gain an insight into the national operations and learn important skills so that they may not only contribute to the country, but also start their own personal development journey. This conference allows the country to come together and evaluate the initial progress made during the first 3 months of the year long term, share success stories and also adjust national strategies if necessary to attain the national goals for the remainder of the year.
FORTIUS
Fortius, held annually in April, is the last meeting of the year involving the entire membership of AIESEC Denmark. This conference is a mixed platform where existing members consider their next steps in or out of the organisation, new members are introduced to the organisation and newly elected leaders take their first steps of knowledge transition in order to take over at the beginning of July. This is also the space where achievements that have been made throughout the year are recognised in the annual awards ceremony.
Relay Relay, held annually in June, is a transitional conference for the national leadership body. This conference is where the events, programs and strategies of the closing year are evaluated and new goals and initiatives are planned for all entities for the upcoming year.
33: AIESEC Denmark Annual Report 2009-2011
Initiatives | Local Events Internationals in Danish Business Life Executives of more than 30 Danish and International companies came together in October 2010 to discuss the topic of “Internationals in Danish Business Life”. The event hosted by AIESEC CBS sought to open the dialogue on whether Danish companies (and Denmark itself) are well positioned to take the lead in a global market if they are closed to international talent? Key speakers included Claus Bondam, Mayor of Copenhagen, who talked about the city’s efforts to make integration of foreigners easier, and Henning Therkelsen from Omada A/S, who highlighted how top Danish talent is attracted to established companies, where international talent are more open to work for smaller Danish start ups. Throughout the event key partners of AIESEC CBS such as Omada A/S and Hempel A/S, testified the value of the AIESEC global exchange program for its ability to not only connect Danish companies with key international talent, Henning Therkelsen but also to address the regularly identified challenge of Chief Opperating Officer, Omada A/S cultural integration of internationals into Danish society.
“International workers do enjoy living in Denmark, but the cold networking and struggle to fully integrate into society makes them leave as soon as another opportunity appears in their path” -- Craig Till, manager of Expat in Denmark
Cross-Cultural Day In March 2011, students, professionals, and professors joined together for a day of exploring the issues and challenges associated with cross-cultural management, in an event organised by AIESEC Aarhus, ASB Alumni and InterResource. Cross-Cultural Day’s delegates challenged their world views through presentations of different experiences, simulations and workshops – some in lecture style for all participants, and others in smaller groups targeted to different interests within the field of cross-cultural management. The event created a setting for cross-cultural interaction and international networking, and was closed with a global village hosted by AIESEC Aarhus, where participants could visit stands and try foods and dances from a variety of different countries. 34: AIESEC Denmark Annual Report 2009-2011
Initiatives| Local Events Innovation Day Innovation Day is a 24 hour case competition for students at schools of higher education held both in Odense and Aarhus. The participants compete in coming up with the best innovative solution for an actual issue which an organization within the business community is currently facing. Between 2009 and 2011, Innovation Day has taken place four times with more than 300 participants, representing a great variety of study backgrounds. The events were hosted with support from IDEA House, Venture Cup, Studenterhus Aarhus, Studentervæksthus Aarhus, and InterResource. Case holders have included Randers Municipalit, FaaborgMidtfyn Municipality and Insights Nordics. So successful have been the Innovation Days, that it sparked a spin off case competition for Daloon A/S aptly named Daloon Day.
“Randers municipality won in two ways. First we will try to use the ideas from the winning project. We can also implement some of the good concepts from the other contributions. Second of all I think Randers municipality won as a case holder, because being part of the Innovation day enabled us to meet big group of young people.” -- Kim Kofod Hansen Head of Business and Development in Randers Municipality
Shuttle to Business: First Stop - KPMG At this event, which took place in April 2011, 24 students from various university backgrounds visited KPMG’s Aarhus head quarters. During the day, the participants learned about modern leadership, defined their own views on good leadership, while doing workshops and role play activities. The event was successful, with a company that was highly involved, professional, and understood the participants. The delivery of the event by KPMG and AIESEC Aarhus in turn inspired the participants, who immediately after the event were already asking for more.
35: AIESEC Denmark Annual Report 2009-2011
Initiatives | National Projects Partnership with Efterskoleforeningen In 2010 a partnership was created with the Danish Efterskoleforeningen, or Boarding Schools, to bring interns from around the world to explore the topics of human rights, racism and cultural integration with Danish students. The project, originally started by AIESEC CBS, went national in the first year with 10 interns arriving in September 2010 from countries including Singapore, Bulgaria, the Czech Republic and Italy. Over six weeks the interns travelled to 10 Efterskoles throughout Denmark. The project enjoyed such a high success that it has been confirmed to continue in 2011.
The Youth to Business Forum provides talented youth and companies with the opportunity to connect with each other and find innovative solutions for current challenges. It is a concept created by AIESEC International in 2009 and adapted to AIESEC Denmark in early 2010. During the 2010/11 year the Youth to Business Forum connected more than 400 students with selection of Danish and multinational companies in discussions ranging from current challenges in the corporate sector to global issues. Among the participants were Vice President of IBM Denmark Kim Ă˜strup who talked about globalisation & private companies global responsibilities and Business Manager of Insights Denmark Tom Fisker Jørgensen who talked about self understanding as the way to create results.
AIESEC Denmark Summer Abroad Program Started in the summer of 2010, AIESEC Denmark Summer Abroad Program is a division of the global exchange program offered by AIESEC. Specifically aimed at current university students on their summer break from studies, the program offers participants a unique opportunity to live and work on a social development projects to create a positive impact in society. During this time participants build their personal and professional skills such as project management, training, resilience, team work, team management, adaptability, being integrated in culturally diverse teams all the while immersing themselves in an international environment.
36: AIESEC Denmark Annual Report 2009-2011
Initiatives| Online and Media www.aiesec.dk
The national webpage has been updated and refreshed with a new and modern feel inline with global rebranding activities. With new online registration systems being used and easy information access, it provides students, companies and alumni a starting point to connect.
Social Media The fan base of our social media conversations has more than doubled in the last 2 years. These platforms are key spaces for internal and external communication about the current activities of AIESEC Denmark. Every day we are finding new ways to use these portals to increase the performance of the organisation and our reach to the community.
Media Apperances
Around Denmark we have been working hard on building our media reputation, receiving more than 25 apperances in 2010-2011 alone. Our activities have been featured in the likes of Politiken, TV2 Nord, Nordjyske and various university publications. This continued media exposure continues to position AIESEC Denmark as a source of youth opionion and leadership throughout Denmark.
37: AIESEC Denmark Annual Report 2009-2011
AIESEC’s Supporters | Board of Trustees Exactly 40 years ago - after having finalized my bachelor degree from Copenhagen Business School – I realized what AIESEC is about. During four months I worked and lived in South Africa on an AIESEC internship, with a job in a big mining company and stayed with a family. Working in a country with colleagues, discussing and experiencing their values, living in a family where thoughts could be exchanged, meetings with South African and AIESEC students from around the world – I realized that the ultimate perspective of AIESEC – is to make this world of ours – a better world! Two years ago I started as a member of the Board of Trustees and felt immediately – that even though many things had changed in the world and with AIESEC – the same spirit still exists. The enthusiasm and energy from young people dedicated to provide students around the world with professional experiences from working in companies in different cultures still adds to perspective of creating a better world for all of us. During the last two years the Board of Trustees has remained having focus on consolidation and strengthening of its governance and core activities. We are delighted that the establishment of the AIESEC Foundation has been finalized during the year - in a manner where the Foundation builds a platform for the future. The Board of the Foundation has been elected and starting with the coming AIESEC year the Foundation will be operational. It is our hope and our aspiration that united efforts will be directed in securing AIESEC that the Foundation will be such a platform for the future. In the coming year we will also focus on initiatives securing that all the passion for AIESEC rested in the AIESEC Alumni network – is being brought into action – whatever form that might be! The board of Trustees is united in sharing the vision that the passion we all have for AIESEC can bring us even further and the Board will consequently do its outmost in the coming year to bring this through. At the same time I want to thank all of you working for the AIESEC vision – for all the energy and dedication you bring into this – thereby contributing in building a better world.
George Greibe Chairman AIESEC Denmark Board of Trustees
AIESEC Denmark Board of Trustees:
(l-r) Birger Bayland, George Greibe, Jacob Schächter, Louise Rønn, Jens Adamsen Absent: Morten Ring, Anders Geertsen
38: AIESEC Denmark Annual Report 2009-2011
AIESEC’s Supporters| Board of Foundation For more than 20 years Karrieredagene® was the main source of revenue for AIESEC Denmark. However, as the direction of AIESEC began to shift from 2005, the annual event was decreased in its relevance towards supporting the overall objectives of the organisation. In 2008, Karrieredagene® was sold for more than 7 million Danish Kroner opening the opportunity for AIESEC Denmark to invest in new activities. In order to oversee the investment of the money and to secure the long term financial stability of AIESEC Denmark, in 2009 the AIESEC Denmark Board of Foundation was formed. In the 2010-2011 year, the Board of Foundation began to work at full capacity, charged with the management of the internal and external investments of the organization made during the year. All the investments are subject to examination beforehand to ensure they do not conflict with any of the organization by-laws, memorandum or articles. The first order of business for the Board of Foundation has been backing initiatives sourced from the members of AIESEC Denmark to find “The Next Big Thing” that will generate long term income for the organisation. All possibilities and options are being equally weighed upon and tested with the support of the Management Body, Board of Directors and members bringing new and fresh ideas on the table. Some of the projects that have come under final scrutiny are Alumni Relations, Clean-tech Sector and Sales Culture. The Board of Foundation continues to evolve the understanding of its role and capacity with the presence of Board of Trustees and Board of Directors, and making AIESEC Denmark’s financial structure more efficient. All that has been achieved during the 2010-2011 year will go a long way in ensuring the success and stainability of AIESEC Denmark. The Board of Foundation could not have been set up without the support from dedicated individuals of the Danish Business Community who have worked hard to ensure the right structure and processes around the work of the Board of Foundation.
AIESEC Denmark Board of Foundation (l-r):
Birger Baylund - CEO, Debitor Registeret George Greibe (Chairman) - Managing Director, Network of Cooperate Academies (NOCA) Louise Rønne - Member Committee President 2005-2006, AIESEC Denmark Jacob Schächter - IBM Denmark, Channel Marketing Manager Nordic Anders Geertsen - Managing Director, Danish Angency for International Education
39: AIESEC Denmark Annual Report 2009-2011
Governance and Accountability Governance
Stakeholder demands for good governance to evolve, so do the codes, international standards and practices according to which businesses are managed. AIESEC is not a business; however, being a nonfor-profit organisation we always lead by example and put in practice higher demands than the ones we expect from the corporate sector. Governance refers to the system by which AIESEC is directed and controlled, the goals towards which the organisation is managed and the major principles and frameworks which regulate the interaction between the Association and our stakeholders.
Governance Structure
LOCAL CHAPTERS The local chapters of AIESEC in Denmark are autonomous associations, whose membership comprises of students and new graduates; and lead by a yearly elected president and its executive vice presidents. AIESEC DENMARK Each local chapter is a member of AIESEC Denmark. The local presidents exercise the role of Directors of AIESEC Denmark and have agreed in a national framework that regulates the organisation nationally and locally: the Memorandum and Articles of the Association, and its by-laws. On a daily basis, AIESEC Denmark is managed by a yearly elected President and its executive vice president, being accountable to the Board of Directors. AIESEC Denmark is a founding member of the Foundation AIESEC International, and it is represented at the General Assembly by its President. The set of AIESEC associations in the Kingdom of Denmark is referred as AIESEC in Denmark. FRAMEWORK AIESEC in Denmark follows its Memorandum and Articles of the Association, and its bylaws; that are in accordance with the Compendium of the Foundation AIESEC International. The internal regulations of AIESEC in Denmark strictly follow Danish Law. ASSURANCE Compliance with law and regulations as well as follow-up of the National Plan and Budget is supported by a Quarterly Internal Audit and a yearly External Audit. The Internal Auditors provide independent and objective assurance, primarily within internal control and governance. They report to the Audit Subcommittee within the Board of Directors of AIESEC Denmark. The annual report and the internal controls over financial reporting processes are audited by an external auditor elected at the Annual General Meeting.
Accountability
The main body that holds the national office accountable is the Board of Trustees. The national committee members meet once every quarter with the board to present reports on the achievements compared to the goals and to get inputs to the plan.
40: AIESEC Denmark Annual Report 2009-2011
Management Statement of the Consolidated Accounts 2009-2010 The President and the Finance Manager of AIESEC Denmark have today presented the Consolidated Accounts for all AIESEC’s activities in Denmark from July 1st 2009 to June 30th 2010. Continuously, AIESEC in Denmark works intensely towards ensuring organizational sustainability. As an organization that offers a complementary educational programme, AIESEC’s success can only be measured by the actions of its alumni. For this reason the strategies of the allocation of our resources in long-term results becomes fundamental to this success. To achieve this, we utilize our internal AIESEC Denmark Funds that support the organization in five areas: attendance of members to national and international conferences and meetings, funding a National Support Team, funding local initiatives towards the development of issue based projects, improvement of local offices infrastructure and funding of national conferences. During this financial year AIESEC Denmark successfully created a Board of Foundation which will exist to control and thereby protect the money generated from the previous year’s sale of Karrieredagene®. They are in charge of the investments made during this year. The Board of Foundation could not have been set up without the support from dedicated individuals who have worked hard to ensure the right structure and processes around work of the Board of Foundation.
Accounting Practice
Accounting Foundation The accounts are submitted in accordance with AIESEC Denmark’s Memorandum & Articles of the Association, its bylaws, Danish Law and good general accounting practice. Consolidation The accounts are the consolidated accounts for AIESEC Denmark, AIESEC AAU, AIESEC ASB, AIESEC UNI, AIESEC SDU, AIESEC CBS and AIESEC UNIC. Material assets Property and equipment are recorded at its purchasing price and are depreciated over 3 years. Material assets for a value below DKK 10,000.00 (ten thousand) are recorded as current expenditures. Bonds and other financial assets To a limited extent AIESEC owns financial assets; they are recorded as Investments under assets. The value of the assets is recorded at market value as of June 30th 2010 and any profit is recorded in the Statement of Financial Results under Assets – Gains. Provisions AIESEC in Denmark, according to its bylaws, allocates a percentage of the fees paid by the organizations participating in the Exchange Programme. This provision shall not be used for any other purpose than to facilitate the integration of interns into Danish society and expand their knowledge of Danish culture and language. We consider these Consolidated Accounts to be a true and fair picture of the financial situation of AIESEC in Denmark as well as the result of its activities. Copenhagen, February 9th 2011
Teodora Cheten National President 2009-2010
Line Dahl Pedersen Financial Manager 2009-2010 41: AIESEC Denmark Annual Report 2009-2011
Management Statement of the Consolidated Accounts 2010-2011 The President and the Finance Manager of AIESEC Denmark have today presented the Consolidated Accounts for all AIESEC’s activities in Denmark from July 1st 2010 to June 30th 2011. Continuously, AIESEC in Denmark works intensely towards ensuring organizational sustainability. As an organization that offers a complementary educational program, AIESEC’s success can only be measured by the actions of its alumni. For this reason the strategies of the allocation of our resources in long-term sustainable results becomes fundamental to our success. To further progress in this direction, we utilize our internal AIESEC Denmark Funds that support the organization in five areas: attendance of members to national and international conferences and meetings, funding a National Support Team, funding local initiatives towards the development of exchange projects and improvement of local entities infrastructure. The AIESEC Denmark foundation exists to control, and thereby protect, the money generated from the sale of Karrieredagene® in the past and have therefore been in charge of the internal & external investments of the organization made during this year. All investments are carefully examined beforehand to ensure they do not conflict with any of the organization by-laws, memorandum or articles. Conference improvements have been a big focus this year and the process has now been strengthened. As a result the logistics of the national conferences are now the responsibilities of the local offices, ensuring a long term planning of each conference and a financially more stable conference. Investments in new projects have been made. The projects are planned and executed by the national team and the local offices and the goal is to ensure a steady income for AIESEC Denmark as an addition to our exchange and other sales. Financial stability has been a big topic on the agenda for this year and stronger financial processes have been implemented which is expected to be reflected in next years result. Education and training for everyone involved in finances has increased and the basic knowledge is now greater leading to an increase in quality of the work done by the finances. It is needless to say that the Board of Foundation could not have been set up without the support from dedicated individuals who have worked hard to ensure the right structure and processes around work of the Board of Foundation.
42: AIESEC Denmark Annual Report 2009-2011
Accounting Practice Accounting Foundation All the accounts of AIESEC Denmark are submitted in accordance with AIESEC Denmark’s Memorandum & Articles of the Association, its bylaws, Danish Law and good general accounting practice. Consolidation AIESEC Denmark consist of the consolidation of the following entities: AIESEC Aarhus, AIESEC AAU, AIESEC CBS, AIESEC SDU, AIESEC UNI (closed down), AIESEC UNIC and the National committee of AIESEC Denmark which includes the AIESEC Denmark Foundation. Material assets Property and equipment are recorded at its purchasing price and are depreciated over 3 years. Material assets for a value below DKK 10,000.00 (ten thousand) are recorded as current expenditures. Bonds and other financial assets To a limited extent AIESEC owns financial assets; they are recorded as Investments under assets. The value of the assets is recorded at market value as of June 30th 2011. Any profit is recorded in the Statement of Financial Results under Assets – Gains and any loss is recorded under Assets - Loss. Provisions AIESEC in Denmark, according to its bylaws, allocates a percentage of the fees paid by the organizations participating in the Exchange Program. This provision also known as Trainee Activity Fund shall not be used for any other purpose than to facilitate the integration of interns into Danish society and expand their knowledge of Danish culture and language. We consider these Consolidated Accounts to be a true and fair picture of the financial situation of AIESEC in Denmark as well as the result of its activities. Copenhagen, 17th November 2011.
Line Dahl Pedersen National President 2010-2011
Nitin Mehta Financial Manager 2010-2011
43: AIESEC Denmark Annual Report 2009-2011
Statement of Financial Result Statement of financial results for AIESEC in Denmark for the year 1st July 2010 to the 30th June 2011 All amounts in DKK
Notes
2010/11
2009/10
2008/09
Income Financial Support
Donations & Partnerships
388,306
395,348
562,024
Membership subscription
29,219
31,165
22,213
106,783
48,859
87,797
Exchange Programme
534,073
370,682
441,834
Karrieredagene速
0
0
0
Learning Networks
0
0
0
Conferences
794,424
347,863
196,531
Membership for International Conferences
100,533
174,048
9,865
Other Income
23,420
8,832
51,757
Sale of Karrieredagene速
0
0
7,400,000
43,038
324,054
0
2,019,795
1,700,851
8,772,021
Interest Services & Projects
Assets
Gain
Total Income
44: AIESEC Denmark Annual Report 2009-2011
Notes
2010/11
2009/10
2008/09
Expenses General Management
Board of Management Compensation
642,905
556,104
668,178
Rent & Insurance
125,849
112,779
148,801
Office Cost
103,694
66,156
127,286
AIESEC International Fee
35,289
52,493
68,774
Marketing & Representation
63,667
71,050
34,606
Internal & External Audit
61,011
59,535
41,200
Depreciation & Amortation
0
0
8,600
Losses
197,792
48,338
0
Exchange Programme
54,633
8,119
14,266
Karrieredagene速
0
0
452,038
Learning Network
0
0
0
Conferences
865,022
432,248
270,282
57,734
44,000
35,500
Attendance to International Conferences
159,770
302,138
305,895
Attendance to International Conferences - DK Fund
29,900
11,500
19,000
Recruitment & Education
124,965
38,256
40,224
Recruitment & Education - DK Fund
8,100
7,152
6,057
Other Expenses
64,610
48,141
14,955
Total Expenditures
2,594,590
1,858,009
2,255,662
Result of the year
-575,047
-157,158
6,516,359
Restricted Reserves
-154,754
324,054
6,930,759
Free Reserves
-420,293
-481,212
-414,400
Total Result
-575,047
-157,158
6,516,359
Assets
Services & Projects
Conferences Fund
-
DK
Allocation of the year Result
45: AIESEC Denmark Annual Report 2009-2011
Balance Statement Balance Statement for AIESEC Denmark as of June 30th, 2011 All amounts are in DKK
Notes
2010/11
2009/10
2008/09
Assets Property and equipment
0
0
0
5,664,505
3,995,910
657,691
Total Fixed Assets
5,664,505
3,995,910
657,691
Receivable - Members
99,467
47,972
47,430
1,989,026
3,801,179
7,529,608
Accruals and Prepayments
38,869
41,561
64,981
VAT Receivable
-
49,445
298,475
Total Receivable
2,127,362
3,940,157
7,940,494
Liquid Assets
1,849,101
5,369,896
2,438,554
Total Current Assets
9,410,751
9,310,053
10,379,048
Total Assets
9,640,968
13,305,963
11,036,739
2009/10
2008/09
Investments
1
Receivable - Organisations
2
Notes
2010/11
Liabilities and equity Restricted Reserves
9,761,939
9,916,693
9,592,639
Free Reserves
-926,235
-505,942
24,730
Total Equity
3
8,835,704
9,410,751
9,567,909
Provisions
4
504,817
493,834
570,272
AIESEC DK Funds
5
199,482
199,482
199,482
Other Liabilities - Suppliers
16,659
3,174,799
157,295
Other Liabilities - Members
53,977
27,097
27,837
VAT Payable
30,329
0
513,944
Total Liabilities
805,264
3,895,212
1,468,830
Total Liabilities and Equity
9,640,968
13,305,963
11,036,739
46: AIESEC Denmark Annual Report 2009-2011
Notes to the Accounts All amounts are in DKK
1. Other fixed assets - Investments Purchasing price 1st July 2010
3,996,407
Additions
3,833,173
Disposals
-1,997,063
Purchasing price 30th June 2011
5,832,517
Revaluation at 30th June 2011
29,780
Reversals at the 30th June 2011
-197,792
Total
-168,012
Book value as of 30th June 2011
5,664,505
2. Receivable - Organisations
2010/11
2009/10
2008/09
Exchange Programme Organisations
66,250
45,459
33,358
National Partners
0
8,000
218,750
Educational Institutions
2,576
5,000
30,000
AIESEC International
0
0
0
Foundations
70,000
20,000
333,000
Sale of Karrieredagene速
1,850,000
3,700,000
6,914,500
Others
200
22,720
Total Receivable - Organisations
1,989,026
3,801,179
7,529,608
47: AIESEC Denmark Annual Report 2009-2011
Notes to the Accounts All amounts are in DKK 3. Equity
Reserve for creation of AIESEC Denmark Foundation
Free Reserve
Total Equity
Equity 1st July 2010
9,916,693
-505,942
9,410,751
Year Result
-154,754
-420,293
-575,047
Equity 30th June 2011
9,761,939
-926,235
8,835,704
4. Provisions
2010/11
2009/10
2008/09
Students Refundable
148,422
94,602
67,500
Student Report Refundable
62,899
39,024
22,500
Trainee Activities Fund
54,440
172,466
328,044
Students Preparation Fund
40,227
-153
-153
Member & Trainee Refundable
40,829
32,637
-5,619
Other Provisions
158,000
158,000
158,000
Total Provisions
504,817
496,576
570,272
5. AIESEC DK Funds
2010/11
2009/10
2008/09
National Conference Fund
41,100
41,100
41,100
International Conference Fund
30,000
30,000
30,000
LC Development Fund
34,689
34,689
34,689
Exchange Development Fund
38,693
38,693
25,000
National Support Team Fund
25,000
25,000
38,693
Conference Contingency Fund
30,000
30,000
30,000
Total AIESEC DK Funds
199,482
199,482
199,482
48: AIESEC Denmark Annual Report 2009-2011
Independent Auditor’s Report To the Board of Directors of AIESEC Denmark We have audited the Financial Statements for the financial period 1 July 2009 – 30 June 2011, which comprises management’s statement of the consolidated account, accounting practice, income statement, balance sheet and notes. The Financial Statements are prepared in accordance with the Danish Financial Statements Act. Management’s Responsibility for the Financial Statements Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the Financial Statements based on our audit. We conducted our audit in accordance with International Standards on Auditing and additional requirements under Danish audit regulation. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the Financial Statements are free from material misstatement. An audit involves performing audit procedures to obtain audit evidence about the amounts and disclosures in the Financial Statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the Financial Statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company’s preparation of Financial Statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Management, as well as evaluating the overall presentation of the Financial Statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. The audit has not resulted in any qualification. Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of AIESEC Denmark at 30 June 2011 and of the results of AIESEC Denmark’s operations for the financial period 1 July 2009 - 30 June 2011 in accordance with the Danish Financial Statements Act. Copenhagen, 24 February 2012 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab
49: AIESEC Denmark Annual Report 2009-2011
AIESEC’s Supporters | Foundations
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50: AIESEC Denmark Annual Report 2009-2011
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51: AIESEC Denmark Annual Report 2009-2011
52: AIESEC Denmark Annual Report 2009-2011