i n C a n a d a

Annual Business Report2015/2016

Table ofContents

Chair's Letter

President's Letter

What is AIESEC

Member Committee Introduction

AIESEC results

Global Talent - Outgoing Exchange

Global Citizen - Outgoing Exchange

Global Talent - Incoming Exchange

Team Member & Leader Programme

Conferences & Training Programs

Youth to Business

Canadian Youth Voice - Survey Insights

Excellence Awards

Financial Summary

Incoming President's Letter

Sponsors

4.

5.

6.

8.

10.

11.

13.

15.

17.

18.

20.

22.

24.

25.

27.

28.

Chair's letter

I would like to thank all of the supporters and partners of AIESEC Canada for your continued commitment to developing global youth leadership. The 2015-16 year has been a successful year, as we’ve continued to provide meaningful and relevant experiential learning opportunities to over 2200 Canadian youth across the country.

Notable accomplishments this year saw the completion of the 2020 Strategic Plan, where we solidified AIESEC Canada’s aspiration to accelerate the creation of global leaders and to be the leading youth voice to business in Canada. We also increased our focus on customer centricity that resulted both in the growth of the number of students that went abroad and the number of contracts signed with Canadian companies to bring international talent to their workforce.

We’re pleased that our Platinum and Gold Partners continue to leverage their support of AIESEC Canada through meaningful engagement opportunities with our membership. This includes Export Development Canada (EDC) leading a trade simulation session at one of our national conferences and Cenovus stepping up as our title sponsor for the Youth to Business Forum. In addition, we welcomed new partners such as Scotiabank who participated in our youth roundtable discussions and facilitated a workshop on the theme of global competencies.

In addition, AIESEC Canada strengthened our relationships with key partners outside of the corporate sector. We expanded our relationship with International Experience Canada within the federal government to align in our joint mission of providing quality global experiences to Canadian youth. We also developed our partnership with the Asia Pacific Foundation resulting in additional funding to provide scholarships to our outgoing program participants to develop skills and knowledge required to fuel the future success of the Asia region. These partnerships support our position in the value and need to develop global competencies in Canadian youth.

On behalf of the Board of Directors, we would like to express our appreciation for your continued support as we look ahead to build on this year’s momentum and successes.

With appreciation,

Anne HuangChair, Board of Directors

president's letter

Dear readers, Thank you for opening the AIESEC Canada Inc. 2015-16 annual report. This past fiscal year came with immense challenges and opportunities for the organization as we strived to amplify our impact with over 2200 members in 30 top universities across the country. A simple vision guided our strategy and actions for the year: AIESEC for Canada. Challenging ourselves to create next-level impact. We focused on aligning what we did to what our country needed, challenged the status quo to enhance our operations, and shifted to a customer centric approach in the way we measured our success. What resulted was, truly, a next-level year for AIESEC Canada. For the first time in our history, we realized over 200 outgoing professional internships, 500 outgoing volunteer internships, and 100 incoming professional internships with a total of 815 lives impacted directly through our programs and a 20% year-over-year increase in programs revenue. We solidified our partnership with the federal government with their participation in our annual Youth to Business Forum which included a video endorsement from our Prime Minister, Justin Trudeau. Concurrently, we created the 2020 strategic plan to map our growth and strategic imperatives for the next five years. None of this would be possible without our amazing members, partners, and supporters. Thank you to everyone who was a part of this incredible journey for the endless support of AIESEC Canada and our dedication to the youth of this country. We are confident in this organization’s future to create a greater impact as we strive towards developing the leaders Canada needs, today and for the future. Enjoy reading this report and the stories that shaped this amazing year.

Sincerely,

Danial Mazhar ShafiPresident, AIESEC Canada Inc.

2015 16

what is aiesec?

Why we do it?Our belief is that sustainable, informed and globally-minded leadership can help us solve many of today’s challenges. We provide young people with a global platform where they grow in confidence, gain experience and can perhaps fail but learn fast. They discover what really matters to them while creating a positive social impact.

AIESEC's Leadership Development ModelOur leadership development model represents the key organizational value proposition that AIESEC gives to the world through all of its programs.

Believes in their ability to make a difference in the

world.

Interested in world issues.

Enjoys taking responsibility for

improving the world.

Understands and lives personal

values.

Focuses on strengths over weaknesses.

Explores one’s passions.

Adapts and shows resilience in the face

of challenges.

Transmits positively to move forward

throughout uncertainty.

Takes risks when its needed.

Communicates effectively in diverse

environments.

Develops and empowers other

people.

Engages with others to achieve a bigger

purpose.

SELFAWARE

WORLDCITIZEN

SOLUTIONORIENTED

EMPOWERINGOTHERS

AIESEC is a global platform for young people to explore and develop their leadership potential. We are a non-political, independent, not-for-profit organisation. Its members are interested in world issues, leadership and management. AIESEC does not discriminate on the basis of ethnicity, gender, disability, sexual orientation, religion, creed, or national / social origin.

Since we were founded, we have engaged and developed over 1,000,000 young people who have been through an AIESEC experience. The impact of our organisation can be seen through our alumni who represent business, NGO, and world leaders. The organisation spans 127 countries and territories and every aspect of AIESEC’s operations is managed by students and recent graduates of institutions of higher education.

Our ProgramsIt is every young person’s responsibility to take a positive role shaping the future of our planet. We believe every young person deserves the chance, and tools, to fulfil their potential. We provide young people with self-driven, practical, global experiences. We enable them to see the world, make a real difference and discover what truly matters to them.

AIESEC’s Global Citizen Programme connects students and recent graduates to volunteer projects across the world.

AIESEC’s member experience programs, the Team Member and Team Leader Programme, connect students with professional development opportunities in the organization.

AIESEC’s Global Talent Programme connects students and recent graduates to professional internship experiences across the world.

Our global impact

70,000

active membersworldwide

2,400

universitiesrepresented

1,500+6,000+

business partnerorganisations

opportunitieswithin AIESEC

21,083126 6,507

open volunteeringexperiences

countries andterritories

open internpositions

Management Team

Danial Mazhar Shafi

President

McGill University

“My role as president challenged and grew me tremendously. By creating and implementing national strategies, working with multiple stakeholders, managing and leading a team of ambitious and diverse leaders, and representing AIESEC Canada on a national and global scale was an amazing and invaluable experience. I will be thankful for the opportunity, immense learning, and the amazing people I worked with and lead in this great organization.”

Ande Baweja

VP Incoming Exchange

University of Alberta

“Working on the management team of AIESEC Canada has definitely been a challenging experience. It furthered my belief in valuing authenticity, empathy, and resilience in myself and the people I work with. The people I’ve had the opportunity to meet and work with have enriched my life in countless ways, and for that I am grateful.”

Erica Conrad

National Vice-President, Outgoing Exchange

University of Saskatchewan; Royal Roads University

“I am grateful to have had the opportunity to work on the leadership team for AIESEC in Canada; through managing the outgoing exchange programs I was not only able to further my own skills, but I was able to help Canadian youth to develop both the professional and personal skills we need for the future.”

Mitch Donnelly

National Vice-President, Business Development

Saint Mary’s University

“Having the opportunity to work with 7 of the brightest young people in the country over the past year has been a humbling experience. This year has been the most challenging yet transformational year of my life. Working with our corporate & government partners has been incredible and I cannot wait to see where the relationships fostered this year will take AIESEC Canada in the months and years to come.”

Joaquim Sanvictores

National Vice-President, Organizational Development

Simon Fraser University

“Being on the national executive for AIESEC Canada has been an eye-opening and fulfilling experience. I have learned a lot about myself and worked on improving my professional skill set while in a dynamic and diverse environment. I have been truly fortunate to work alongside the brightest and most passionate young people in the country!”

Vicky Gordiano

National Vice President, Marketing & Communications

National Autonomous University of Mexico

“Coming from another country, I cannot be more glad to have the opportunity to get involved in Canadian culture with such amazing, passionate and hard working Canadians. AIESEC in Canada has been one of the best and most challenging experiences I could ever ask for."

AIESEC Canada Results

Along with the growth in number of experiences, we saw improvements in the Net Promoter Score for all three programs as we improved education and training on quality. As such, the strategies implemented during the year resulted in observable growth in both quantity and quality.

The 2015-16 fiscal year saw year-over-year growth in each of our core exchange programs as we strived for next-level impact. The exchange experiences delivered this year were as follows:

100 interns working in Canada

208 Canadians going abroad on professional

experiences

507 Canadians going to volunteer abroad through

AIESEC

815 lives impacted

22%Growth

35%Growth

11%Growth

17%Growth

outgoing Exchange

GlobalTalent

The AIESEC Global Talent Programme allows young people to develop their professional and technical skills by working in international workplaces. Our internships provide participants with the opportunity to explore different work environments, improve their skills and competencies related to their fields of study, all while magnified by an international cultural experience. This provides them the opportunity to grow a global network in their chosen field, while improving their global competences in both a professional and personal capacity.

Students who sign up to go abroad with our program become Exchange Participants (EPs) and are considered as EP Raised. Once they are matched with an opportunity abroad, they become an EP Matched. Finally, once they begin their internship abroad, they are an EP Realized.

Quantitative realizations and growth

264EPs Raised

205EPs Matched

208EPs Realized

35%Growth

Quantitative realizations and growth

Top 10 Countries

5%

39%

37%

19%Asia Pacific Region | 81 experiences

Americas Region | 40 experiences

Europe Region | 76 experiences

Middle East and Africa Region | 11 experiences

Mainland China

Spain

India

Colombia

Taiwan

Brazil

Poland

The Netherlands

USA

Turkey

24

21

13

12

11

10

8

8

7

7

“Our partnership with AIESEC Canada has helped us reach our goal of exposing more Canadian youth to opportunities in Asia, with its many dynamic societies and economies. We have done this through our initial project to send more Canadians on internships in Asia, and more recently by working with AIESEC Canada to emphasize the importance of developing global competencies.”

Erin Williams - Asia Pacific Foundation of Canada

Words from our Partners

AIESEC Canada was able to spend the year increasing operations to the Asia Pacific Region, in co-operation with the Asia Pacific Foundation of Canada (APF). Having received a $50,000 grant from APF, we were able to develop a number of initiatives designed to increase awareness of Asia-related skills and knowledge in young Canadians. With the goal of developing Asia competences among our participants, we ran several marketing initiatives, including sending a representative to meet with companies in Asia and promote Canadian talent. Through support from the grant and APF, we were able to send 221 Canadians to Asia this fiscal year, with 81 going on the Global Talent Programme and 142 going on the Global Citizen Programme.

Asia Pacific Foundation

Janilaine participated in a 4 month professional internship in the field of Management & Teaching, in Malaysia. Her internship consisted of managing a community center and developing programs for the people who visited the center, as well as managing daily operations for the center. In the course of her internship, Janilaine was able to connect with Malaysian culture on a daily basis while working to develop her professional skills for future employment.

“I always knew I wanted to go on a professional AIESEC exchange once I graduated because of the amazing people and impactful projects found within the network. During my time in Malaysia, I was able to meet so many like-minded individuals through my position as the Community Development Officer at SOLS 24/7 Malaysia. This position allowed me to manage a community centre, developing my managerial and administrative skills that can be easily transferred to other jobs.”

Janilaine Tsui, AIESEC SFU

Words from our Participants

outgoing Exchange

Globalcitizen

In order to address global issues, such as the improvement of education systems, awareness of climate change, and alleviation of poverty, AIESEC offers youth the opportunity to engage with the Global Citizen Programme. Our participants are able to develop an international outlook, while acting as ambassadors for Canada around the world. By engaging in emerging markets, and engaging with communities in need, they gain relevant personal and professional skills that they can use to face the challenges facing the world today.

Quantitative realizations and growth

591EPs Raised

572EPs Matched

507EPs Realized

11%Growth

Quantitative realizations and growth

Top 10 Countries

Americas Region | 168 experiences

Europe Region | 150 experiences

Asia Pacific Region | 143 experiences

Middle East and Africa Region | 46 experiences

Brazil

Poland

Taiwan

Greece

Peru

Mainland China

Thailand

Mexico

Italy

Hungary

78

40

36

32

30

27

23

17

17

17

9%

28%

30%

33%

“We absolutely need to hear youth voices on key issues that affect us like inequality and access to good education. We live in a globalized world; the only way that we are going to succeed as a country and understand the issues that we face is if we work together and get experience abroad.”

The Honourable Catherine McKenna,Canadian Minister of Environment and Climate Change

Words from our Government

In May 2016, Allyson Fox went abroad to Varna, Bulgaria for the 17 Steps Project. The United Nations Association of Bulgaria partnered with AIESEC to provide the opportunity for Allyson and several other volunteers to visit Bulgaria in order to educate youth about the United Nation’s 17 Global Goals for Sustainable Development. Over the course of six weeks, Allyson worked in several high schools and with many classes, empowering youth to become active global citizens by using non-formal methods of teaching. Additionally, having the opportunity to live with a host family allowed for Allyson to be immersed into the Bulgarian culture, heritage and traditions. Working directly with youth abroad opened Allyson’s eyes to see the bright future that lies ahead for Bulgaria and our world.

“Choosing to go on an international internship was the bravest decision I have ever made. I went into this experience with an open mind and minimal expectations, leaving the door open to new cultures, experiences, and opportunities. I will never regret the chance I took leaving my comfort zone because this experience has taught me more about myself than I could have ever learned elsewhere. One moment of bravery has allowed for me to gain a lifetime of confidence in myself and my abilities.”

Allyson Fox

Words from our Participants

Incoming Exchange

GlobalTalent

AIESEC Canada continues to offer meaningful experiences to young people all around the world through short term placements with Canadian universities, NGOs, and corporations in the hopes of creating a more competitive Canada. We were able to offer 100 young people these opportunities through 6 week to 18 month placements in marketing, business, engineering, and information technology.

Our YouthWe were able to work with hundreds of Canadian youth in developing their personal and professional skills. Through their efforts, we have been able to engage with hundreds of companies in a professional context. The combination of sales, service delivery, and resilience we develop in young people has allowed us to give them the opportunity to further themselves as leaders.

Our Program

"I always dreamed about living and working for some time outside of Poland – to make new friends, to have a life changing experience, to prove myself. With help from AIESEC, my dream came true. I got a great internship in an innovative company, where I found out that stereotype about friendly Canadians is not just a myth. When it comes to my free time, I can always count on my “new family” in Montreal, which keeps all the interns together through many events they organize; you just cannot be bored here. Keep it going AIESEC McGill!"

Grzegorz Matyszczak, Android Developer @ Summit Tech

Able to train and developover 300 students

Created 188 opportunitiesthrough our partners in

the past year

Were able to deliverupon 100 opportunities

within this time frame

21% Growth 22% Growth

Words from our Participants

"Our startup company was at a crossroad into its growth where highly skilled resources were needed in order to get to the next steps. For a small company, every body counts and there is few - if no - room for mistakes regarding human resources. AIESEC came into play and assisted us in finding our first - then multiple - interns. The AIESEC team took care of understanding our technical needs and staffing requirements and they diligently provided candidates fitting our business and IT culture. The interns revealed to be outstanding both on the technical side and the people side. Our plan is to continuously use AIESEC as part of our Human resources strategy to pursue our business expansion. "

Jean-Roch Lafleur, ing., M.Sc.A - Engineering & Operation Director @ Nuage Technologies

Words from our Partners

Information Technology

Engineering

Business Administration

Marketing

Placement Fields

Brazil

Spain

Tunisia

Mexico

France/India/United States

Countries

20

1414

85

5720

167

Globalleader

With over 2,200 participants in AIESEC Canada’s Team Member and Team Leader Programmes across 30 universities, we enabled students across Canada to develop themselves and create global impact while completing their studies. Our programs aim to help students gain confidence as they develop leadership skills in sales, marketing, project management, customer delivery and people management.

Member Portfolio Allocation

Business Administration and ManagementEconomics and Social SciencesHumanities

Top Faculties of our Members

"I joined AIESEC in Fall 2012. As a first year student, I was inspired by the organizational culture, the strong bonds connecting the members and the impact that it was making as an NGO. As Local Committee President, my vision was to tap into the collective potential of the membership, to channel the ambition of the members and provide them with the right tools to fulfill their mission, to aim for greatness and multiply the number of experiences we create every day. We thus created an infrastructure that allowed every member of the organization to voice their ideas and actively participate in the creation and enhancement of every strategy in each function. Thanks to this collective approach, we have been able to grow and innovate in every function as well as leave a sustainable infrastructure within the organization."

Othman KabbajLocal Committee PresidentAIESEC McGill 2015

Outgoing Exchange, Sales & CustomerExperience Management

Incoming Exchange, Sales & Account Delivery

Marketing & Communication

Talent Management

Finance

Conference Organizing Committees

Presidents

25.7%

21.3%17.4%

15.4%

9.7%4.7%

2.6%

Words from our Members

Conferences & Training Programs

Overview

Over the 2015-2016 term, AIESEC Canada has held 2 national conferences, 3 regional conferences, and 8 national summits on the national and regional level. Conferences are an integral part of our membership’s leadership development journey. Through an active engagement in our conferences, members enhance their soft-business skills by participating in thoughtful conversations with our partners and connecting with like-minded individuals from other chapters across Canada.

Timeline

National Support Team Summit

National Sales Program

oGIP Summit

July 2015

Outgoing Exchange Winter Summit

Marketing and Communications Summit

National Congress, Hosted by AIESEC UBC

National Sales Program

December 2015

Ontario-Atlantic Regional Confer-ence, Hosted by AIESEC Laurier and AIESEC WaterlooWestern Regional Conference, Hosted by AIESEC Edmonton

Incoming National Presidents Meeting

October 2015

National Presidents Meeting

August 2015

Quebec Regional Conference, Hosted by AIESEC Laval

September 2015

Functional SummitsOn top of the National Sales Program, which has provided intensive sales training to hundreds of members across the country, the 2015-2016 term saw a rise and focus on specific training and strategy co-creation amongst all the other functions of the organization. The Customer Experience Summit included training on how to provide a meaningful experience for the organization’s outgoing exchange participants throughout the whole exchange facilitation process. The Finance Summit tackled the changing face of the organization as it evolves its financial model. The Talent Management Summit placed clarity on the role of human resources within the local committee’s operations.

National Leadership MeetingFor the first time in recent history, AIESEC Canada held a National Leadership Meeting as a gathering of the three leadership bodies of the organization: the Member Committee, Local Committee Presidents, and National Support Team. This meeting allowed a meaningful strategic discussion on the operational health of the AIESEC Canada as a whole which results on the co-creation of a service delivery model. This model outlines the specific responsibilities of each leadership body towards the unified goal of AIESEC Canada for the 2015-2016 term.

Customer Experience Summit

Finance Summit

National Leadership Develop-ment ConferenceHosted by AIESEC Toronto

National Sales Program

May 2016Talent Management Summit

February 2016

National Leadership Meeting

March 2016

Youth toBusiness

The Canada Youth to Business Forum brought businesses and students together to engage in a unique dialogue on relevant topics for both Canadian businesses and student communities.

On May 6th, 2016, AIESEC Canada convened 350 student leaders from 30 universities across the country to collaborate with Canada’s top executives on two panels to address the question: “What competencies do Canadian Youth need to bring to the workforce?”

We hosted two keynotes, two panels, 12 workshops and 5 roundtables. Our delegates were able to learn from a diverse representation of industry while expressing their opinions. We were fortunate enough to have a video address from Hon. Catherine McKenna, Minister of Environment and Climate Change, as well as a video address and endorsement from Rt. Hon. Justin Trudeau, Prime Minister of Canada.

the morning panel featured prominent executives from Government, Policy, Research and Youth.

Morning Panelists:- Clark Goodman - Director - International Experience Canada- Katrina Marsh - Director, Natural Resources – Canadian Chamber of Commerce- Kasi Rao - Vice President & Director – Asia Pacific Foundation of Canada

What we found:A key discussion point on the panel was on the role of Natural Resources in Canada's economy and youth's role with them. Points were brought up suggesting youth take time to engage themselves further with the major industries in Canada. Companies should also scale their investments in youth leadership, especially in regions where their business impacts the community.

“You are the voice ofCanadian Youth”

- Rt. Hon. Justin Trudeau, Prime Minister of Canada

The afternoon panel featured leaders from the Financial Services industry.

Afternoon Panelists:John Doig - Global CMO – Scotiabank GroupJanet Ecker - CEO- Toronto Financial Services AllianceMike Reyes - Asian Development Bank

What we found:Each Panelist brought a different perspective on personal finances for Canadian millennials. A key takeaway was that it is never too early to work on financial litera-cy and planning for your financial future. Structures in the education system need to empower young Canadians to take ownership of their finances to better prepare them for the future. Delegates were instructed to start thinking about where their money is going now and the importance of starting early. Students, regardless of whether or not they were interested in careers in the financial servic-es industry were told to explore their options in the financial services sector.

For more information, please review our annual 2016 Youth to Business Report.

Keynote speakers

Katrina Marsh, Director,

Natural Resources - Canadian Chamber of Commerce

Judy Goldring, EVP and COO,

AGF Management Limited

DemographicWe surveyed 3920 individuals in total

AIESEC members47%Non-AIESEC members53%1st and 2nd year53%3rd year+47%Female60%Male40%Canadians83%Internationals14%Other3%

Ontario (GTA)30%Western Canada25%Ontario (other)23%Quebec22%Atlantic1%Territories1%

Business41%Sciences15%Social Sciences15%Arts & Humanities13%Other9%

EducationMillennials develop their leadership skills when they are in a challenging, but safe environment. They excel in environments where it is accepted to make mistakes and learn from them, and where there is a strong support network.

In which of the following environment have you developed your leadership skills the most?

A challenging but safe environment where I learned from my mistakesAn environment with a strong support networkAn environment that encouraged friendly competitionAn environmentwhere I managed real-life crisis and made impactfull decisionsAn environmentwhere I had social impact responsibilityAn environment with global interactionsAn environment where I worked with diverse stakeholders

54%52%41%36%31%30%18%

The Canadian Youth Voice survey aims to bridge the gap between education and industry. Young people are most affected by this gap, and have a responsibility to shape the future they want to see. By gathering the youth perspective on the state of Canada's education system and workplace culture, we are better able to shape the direction of Canada's economic and educational institutions. Youth will decide how out businesses are run. Youth will define how our education systems must change. Youth will determine what our organizations value.

Survey Insights

The education systen should include: - Opportunities for students to challenge themselves and learn from their mistakes - Financial literacy courses for all programs

89% of respondents believe financial literacy is important to perspective employers. However, almost 40% do not believe they are financially literate.

How important would you say financial literacy is to perspective employers?

ImportantNot important

89%11%

How would you rale your level of financial literacy knowlage?

KnowledgableNot Knowledgable

61%39%

Have you ever had a co-op, internship or professional entry-level job?

InternshipCo-opProfessional entry-level job

77% 23%85% 15%79% 21%

NO YES

Career88% of respondents want to have a career that has a positive direct impact in society, as well as working for an organization that has a clear purpose, and is committed to improving societal standards.

In regards to corporate social responsibility, respondents found education institutions to be the most trustworthy, and mining to be the least.

Based on the 2016 Canadian Youth voice survey we can say that:

Sector Trustworthiness Ranking for Youth:

1. Education, 2. Technology, 3. Financial Services, 4. Government, 5. Biotech/Pharmaceutials,6. Oil & Gas, 7. Mining

How important is it to you personally that your company/organization has a positive impact on society?

ImportantNot importantI don't know

88%10%2%

The education system should include: - Millennials are a purposeful generation that consider social impact when choosing a career and a workplace - When recruiting millennials, companies should showcase their corporate social responsibility initiatives

How important is it to you personally that your career has a positive direct impact on society?

ImportantNot importantI don't know

87%11%2%

Based on the 2016 Canadian Youth voice survey we can say that:

Excellence Awards

Award LC Winner

Award LC Winner

SFU

Toronto

McGill

McGill

McGill

Toronto

Western

UBC

Excellence inTalent Management

Global Impact - Global Internship Program

Global Impact - Global Community Development Program

Excellence in Incoming Exchange for New Sales

Excellence in Incoming Exchange for Account Delivery

Excellence in Marketing & Communications

PwC Financial Sustainability Award

Outstanding Contribution to National Development

McGillLocal Committee of the Year

UBCAGF Management Growth Award

Financial Summary

Income Statement | May 31st, 2016

Revenues289, 854Programs

Grants, donations, and fundraising

National Development

Other

Total

243, 256

147, 518

4,551

685, 179

Operational Expenses263, 094Salaries & Benefits

AIESEC International

Asia Pacific FoundationGrant ExpensesOther Expenses

TravelNational DevelopmentRent & Occupancy

67, 39751, 09347, 96047, 115

31, 601

125, 345

Total Operational Expenses

Excess of Revenue Over Operational Expenditure

Strategic Expenses

633, 605

51,574

14,434

Excess of Revenue over Expenditure 37, 140

Revenues

Programs42.3%

Grants, donations,and fundraising

35.5%

NationalDevelopment

21.5%

Other0.7%

Expenses

Salaries &Benefits41.5%

AIESECInternational

10.6%

Travel8.1%

NationalDevelopment

7.6%

Rent &Occupancy

7.4%

Asia PacificFoundation Grant

Expenses5.0%

Other Expenses19.8%

Balance Sheet | May 31st, 2016

Current Assets

Cash 990,073

Receivables 109,552

Other 34,913

368, 177

1,513,306

Investments

10,591Fixed Assets

Total Assets

Current Liabilities

Payables 305,004

Deferred Grants/Fees

Regional Development Funds 13,922

354, 979

Fund balances 839, 401

1, 513, 306Total Liabilities & Fund balances

"I have been in AIESEC for 3.5 years and every moment has been absolutely phenomenal. Having held multiple roles such as Exchange Participant Manager, Vice President of Operations and Local Committee President has really taught me invaluable life lessons that I feel privileged to be able to share with others today. Passion and dedication on the local level inspired me to take the next jump into my current role as National Finance Team Leader. I applied for this position because I saw the potential in redefining our vision as an entity that could drive exchange through financial initiatives. Figuring out how to drive and lead operational initiatives while inspiring Local Committees to create Return-On-Investment projects has been a tough but rewarding experience, but is one that I would not trade for anything."

Alex Woo, National Finance Team Leader, AIESEC Canada

All figures in CAD. All financial data refers to the period from June 1st, 2015 to May 31st, 2016. Head office audited financial statement are available upon request.

incoming president's letter

To the membership, partners, and supporters of AIESEC,

One unique element that lies within the organization is the fact that the leadership body turnovers on an annual basis. The 2015-16 team has truly set the following term up for a brighter and more impactful AIESEC for Canada. The 2016-17 team is truly fortunate to be continuing and leading a legacy spanning over 58 years, providing life-changing, meaningful, and relevant experiences for youth and impacting communities worldwide.

As the organization embarks on our five-year strategic aspirations, we believe that the collaboration of our members, partners, supporters, and youth is way to success. Hence, the 2016-17 term will be focused on supporting the operations our local committees in order to keep them strong and healthy, providing reliable enablement capabilities to allow for our customers to easily access our programs and opportunities, and building a long-term partnership with government in order for AIESEC to further its reach and scale our impact.

There are a lot of things that need to be done for this to happen, but we know that through the hardwork of our membership, collaboration from our partners, and confidence from our supporters, we will be able to make the 2016-17 term a groundbreaking year towards our 2020 aspiration. Indeed, it is time for AIESEC in Canada to strive and be one in demanding excellence.

We appreciate your continued support for the organization and look forward to your future engagement with AIESEC as we work towards being Canada’s youth voice to business through accelerating the creation of Canadian global leaders through international exchange.

Sincerely,

Joaquim SanvictoresPresident, AIESEC Canada Inc.

2016-17

Sponsors

Platinum Partners

Gold Partners

Silver Partners Youth Voice Amplifiers

Board of directors

Alan Middleton, Ph.D.Executive Director

Anne HuangBoard Chair

HR Business Partner, Telus

Ruth FothergillDirector of Stakeholder Engagement,

Export Development Canada

Christian FortinPage blanche conseil,

Créatur de liens

Jennifer PenduraCommunity Relations & Investment,

Cenovus Energy

Shabir LadhaPartner, Kouri Berezan Heinrichs

John PallascioVice-President, Special Counsel,

Export Development Canada

James PricePresident and CEO,

Canadian Stem Cell Foundation

Laura TurnerVP General Manager,alphabroder Canada

Janel KirsteinDirector, Agreements and

Tariff Publishing,Canadian Pacific Railway

Michael SmithSenior Vice President, StrategyEnterprise Security Solutions

MasterCard

Wendy ChowCorporate Controller,

CST Consultants

Mathew BarilSenior Planning Advisor,

Federal Government

I n C a n a d ac