aiesec danmark annual report 2009-11

1: AIESEC Denmark Annual Report 2009-2011

AIESEC Denmark Annual Report2009-2011


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Table of ContentsLetter from the Presidents 4About AIESEC 6National 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 ...LocalOffices 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 40Management’s Statement of Consolidated Accounts 41Statement of Financial Result 44Balance Statement 46Notes to the Accounts 47Independent Auditor’s Report 49

List of Supporting Foundations 50


Theterm2009/2010meantasignificantgrowthinalloperationsofAIESECDenmark,innovationinthewaywedidthingsandconsolidationofthelocalofficesinorderforthemtobecomestrongerandmoreindependent. 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.

FromthebeginningofthetermwefiguredwhatAIESECDenmarkneedsisstrongerLocalCommitteesinordertogrow.Theroadwasn’teasy–wehadtotakebolddecisions,wehadtoactfast,wehadtoadaptandbeflexibleandmostimportant,wehadtobethereforthemembersandlocalcommitteesnomatterwhat.Thiswasournumberonepriorityandintheend,Ifeelitwastherightdecisionopeningupthe potential to achieve results not achieved since the 1980’s.

Throughout the year we implemented many innovative changes throughout the country. In the exchange areaweintroduced3keynational,longtermprojectstoimprovestainability.Wehadgreatadvancesinthequalityofeducationofourmembersthroughoutourconferencecycleincluding2keyScandinavianregional 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,COP15.Finally,weestablishedtheBoardofFoundationtooverseethefinancialfutureofthe organisation through investment strategies.

Allinall,itwasachallengingandadventurousyear,butIamgratefulfortheopportunityIhadtoleadAIESECDenmarkthisyeartogetherwith4exceptionalindividuals.Iamhappywiththeprogressofthecountryandwhishitallthebestinanevenfurthergrowthanddevelopment!ThankyouAIESECDenmark,MemberCommitteeteam2009/2010,LocalCommitteePresidents2009/2010,BoardofTrusteesandallour supporters for an amazing term!

On behalf of the Member Committee 2009/2010

Sincerely,

Teodora Sanda Chetan

Message from the President 2009-2010


Message from the President 2010-2011

“Nothingispermanentexceptchange”–Heraclitus,5thCenturyB.C.

Whilst the core essenceofAIESEC remains a steady constant throughout theorganisation, this lastyear has been coloured with many shifts in the method with which we deliver this essence. Members throughouttheworldtookpartinanalysingthestatusquoanddesigninganewmidtermambitiontogrow and evolve the global operations. Globally this analysis has resulted in the development of new programmesandnewperformancebenchmarks,whilstnationally ithasincludedtherolloutofanewinvestment strategy calling on all the members to devise what should be The Next Big Thing for AIESEC Denmark.

AIESECDenmarkexperiencedanotheryearofgrowth,despite thefinancial crisis.Wesawayearofincreasedcooperationamongstallentities,thestrengtheningofprocesses,andincreasedopportunitiesat all levels of the organisation. Consequently AIESEC Denmark achieved 100% exchange growth,successfullyexecutedseveralnationalprojectsandcontinueddeliveryofhighqualityofconferences,whichweremanagedat the local level for thefirst time.More investmentshavealso led toamoreactiverole for therecently formedBoardofFoundationandwehaveallbenefitedgreatly fromtheirinvolvement.

Theorganisationwillitsbasisofcontinuousevolutionandinnovation,howeverthemembersandleadersof all the entities have proven themselves capable of adapting to the changing state of AIESEC. My deepest thanksgoestotheBoardofTrustees,BoardofFoundation,partnersandextraordinaryindividualswhohavedevotedtimeandefforttosupportAIESECinDenmark.

IfeelconfidentthatAIESECwillcontinuetohaveanimpactonitsstakeholdersandthatwewillkeeponmovingforwards,constantlychallengingthelimits.IamverygratefulfortheopportunitytoleadtheamazingMemberCommitteeteamof10/11,theclosecooperationwiththeLocalCommitteePresidents,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


About AIESECAIESEC has more than 60 years experience in developing high-potential youth into globally minded and responsible leaders.

Presentinover110countriesandterritorieswithover60000members,AIESECistheworld’slargeststudent run organisation. AIESEC provides its members with a youth driven, impactful experiencethroughinternationalinternships,offeringleadershiproleswithintheorganisationandagloballearningenvironment. 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 tocontribute to societal change while exploring their own vision for leadership to create a positive impact in society.* We are supported by 4000 partner organisationsaroundtheglobetowholooktoAIESECto support the development of youth and to access top talent through our global internship program.* Our alumniareleaderswithintheirorganisationsandcommunities.Theyusetheexperience,skills,globalnetworkandinspirationAIESEChasprovidedthemtobeagentsofpositivechangewithin society.

Peaceandfulfillmentofhumankind’spotential

What we envision

Our approachAIESEC members live an integrated development experience. This involves leadershipopportunities,internationalinternships,andinteractingwithaglobalnetworktosupporttheirdevelopment.

AIESEC’s scopeAIESECisaglobal,nonpolitical,independent,not-for-profit, organisation run by studentsand recent graduates of institutions of higher education. Our members are interested in worldissues,leadershipandmanagement.AIESEC does not discriminate on the basis of race,colour,gender,sexualorientation,creed,religion,ethnicorsocialorigin.

AIESEC in Numbers

60’000 members 16’000 internships20’000 leadership roles 2’100 universities4’000 partners 110 countries470 conferences 945’000 alumni

+60 years experience


Our ValuesActivating LeadershipWe lead by example and inspire leadership through our activities. We take fullresponsibility for developing the youth leadership potential of our members.

D e m o n s t r a t i n g IntegrityWe are consistent and transparent in our decisions and actions. We fulfill ourcommitments and conduct ourselves in a way that is true to our ideals.

Living DiversityWe seek to learn from thedifferent ways of life and opinions represented in our multicultural environment. We respect and actively encourage the contribution of every individual.

Enjoying participationWe create a dynamic environment created by active and enthusiastic participation of individuals. We enjoy being involved in AIESEC.

Striving for ExcellenceWe aim to deliver the highest quality performance in everything we do. Through creativity and innovation we seektocontinuouslyimprove.

Acting SustainablyWe act in a way that is sustainable for our organisation andsociety.Ourdecision takeinto account the needs of future generations.

Our NetworkAfghanistanAlgeriaAngolaArgentinaArmeniaAustraliaAustriaAzerbaijanBahrainBangladeshBelgiumBeninBoliviaBosnia-HerzgoviniaBotswanaBrazilBulgariaCambodiaCameroonCanadaChileChina,Mainlandof

ColombiaCosta RicaCote d’IvoireCroatia Czech RepublicDenmarkDominican RepublicEcuadorEgyptEl SalvadorEstonia EthiopiaFinlandFranceGabonGeorgiaGermanyGhanaGreeceGuatemalaHong KongHungaryIceland

IndiaIndonesiaIranIreland Italy JapanJordanKazakhstanKenyaKoreaKyrgyzstanLatviaLithuaniaMacedonia,Republic ofMalaysiaMaltaMauritiusMexicoMoldovaMongoliaMoroccoMozambiqueThe Netherlands

New ZealandNigeriaNorwayOmanPakistanPanamaPeruThe PhilippinesPolandPortugalPuerto RicoQatarRomaniaRussiaRwandaSaudiArabia,Kingdom ofSenegalSerbiaSingaporeSlovakiaSloveniaSouth AfricaSpain

SriLankaSwedenSwitzerlandTaiwanTajikistanThailandTogoTunisiaTurkeyUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayVenezuelaVietnamZimbabwe

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Member Committee 2009-2010(L-R)TeodoraChetan(President),Anna Streiter (Vice President External Relations),LekhaMohannan(VicePresidentExchange),LineDahlPedersen(VicePresidentFinance),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)

National Executive Boards | 2009-2011TheNationalExecutiveBoard,orMemberCommittee,playsanintegralroleintheoveralldevelopmentof the National Association. The Member Committee is responsible for fostering the growth of the local offices,playinga connecting rolebetween thenational realityand theglobal directionof theorganisation.Together thesefivehighly talentedandexperience individualsare responsible for theleadershipdevelopment,talentacquisition,conferencemanagement,regionalcollaboration,financialmanagementandoveralllongtermstrategicevolutionofAIESECDenmark.Duringthepast2yearstheMemberCommittees,incollaborationwiththelocaloffices,havespearheadedseveralkeynewstrategicinitiativesincluding:

• CooperationwiththeDanishEfterskoleforeningen• UNITE – a Scandinavian regional conference with Sweden and Norway• ExpansionoflocalofficestoVIACollegeHorsensandSDUSonderborg• Summer Abroad Program sending Danish students on cultural exchange during the

summerbreak• EstablishaBoardofFoundationtostrategicallymanagethefinancialinvestmentsfor

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 AIESECDenmarkasanorganisationandthose,whoalongwiththelocalofficesandvarioussupportteams,havebeenleadingthegrowthrevolution.


Performance Report | MembershipInDenmark,AIESECruns6officescovering12universities/campuses. Consisting primarily of student volunteers AIESEC Denmark hasan ever growing membership base currently totalling more than 370 members and participants in AIESEC’s global exchange programmes.

Since 2008, AIESEC Denmark has beensteadily growing in its reach with the restructuring and reopening of local officesresulting ina71% increase inmembership.This dramatic change has been due to the increasing flexibility ofmembership options,higher availability of shorter internship experiences and a diversification to includetechnical,ITandengineeringstudents.

ThemembershipofAIESECDenmarkhasaratioof57-43%female-maleand48%areintheagebracketof23-25years.56%ofthemembersare currently completing their bachelor studies with the most dominant study lines being:Economics,Culture,Communication,Marketingand International Business.

Members of the organisation spend their time runningthedaytodaylocalofficeoperations,and engaging in leadership opportunities such as leading operational and conference logistics teams. All members are encouraged to also undertakeaninternational internshipatsomepoint during their AIESEC Experience.

0

100

200

300

400

2010-20112009-20102008-20092007-2008

198

156

220

374

71%Growth

AIESEC Denmark Membership 2007-2011

Most Common Studylines of Members

“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


Performance Report | Leadership RolesAIESEC provides an unmatched leadership development platform for its members. Leadership roles withinAIESECaredefinedasleadingateamofaminimumof3peopleforaminimumof2monthswithadefinedgoalandobjective.ThisexperiencedevelopscompetenciesandcharacteristicsinallAIESECleadersenablingthemtofurtherenhancetheirprojectmanagement,strategicplanningandpeopleskills.

AIESECDenmark in the past years has been focused on strengthening and expanding the range ofleadership 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 ofconferencehostingfromthenationalofficetothelocaloffice.Inthe2010-2011yearalonethenumberofleadershippositionsundertakeninAIESECDenmarkhasrisen74%to127.

BasedontheAIESECExperienceQualitySurvey,thosemembersundertakingleadershippositionshaveexpressed80%satisfactionwiththeexperiencebaseduponthe5corecharacteristicsAIESECaimstodevelop in its membership.

Board of DirectorsTheBoardofDirectorsofAIESECDenmarkisformedby all of the Local Committee Presidents from around the country and chaired by the National President. TheBoardofDirectorsistheoveralldecisionmakingbody responsible for the governance of the national organisation and its modus operandi.

National Support TeamThe 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.

In Focus | Leadership Bodies

02 04 06 08 0 100

Global Network

International Experience

Societal Impact

Personal Development

Professional Development

Satisfaction of Leadership Experience Provided by AIESEC Denmark

“I am using this experience to understand my working patterns and how to handle different situations”

-- a leader in AIESEC CBS


Performance Report | Out Going Exchange

AIESEC globally provides more than 16 000 internships per year across the network inareas such as management, engineering,technology, education and communitydevelopment. Everyday members participating in the internship programmes are supporting overseasbusinessexpansions,contributingtomanagerialandfinancialoperationsofglobalcorporations, participating in humanitarianprojects in NGO and community based organisations or providing language and cultural education to underprivileged children as part of their academic studies or as their graduateentrance into theglobalworkforce.Thisdiverseandrichexperienceintheirfieldsofexpertiseagainstthebackdropofcultural,personal and professional development provides a truly unique opportunity for youth leadership development.

Between2009and2011AIESECDenmarkhasrefocuseditsapproachtotheoperationoftheglobalinternship programme to allow more Danish students to gain an international internship experience while completing their university studies that takeadvantageof the summer studybreak. This longtermstrategyresultedina286%growthoverthesameperiodintheprevious2years,withthemostaggressive 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 werethose participating in the Summer Abroad programme. Since 2008 the community development sector has averaged a yearly growthof314%intheparticipationofDanishstudents.

The strongest sector of interest for Danish students(52%,2009-2011)remainswiththeprofessional development opportunities in the management area. Encompassing the fieldsof finance, accounting, marketing, humanresources and project management these opportunities are usually most attractive to graduates for a time frame of 6-12 months allowingthemasolidbreakintothecorporateenvironmentoftheirfieldofinterest.

Management Internships

52%

Deveiopment

Internships46%

Technical Internships2%

Internship Distribution by Sector

0

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40

60

80

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2010-20112009-20102008-20092007-2008

Danish Students Undertaking Internships 2007-2011

113% growth


Performance Report | Intern Experience

Someoneoncetoldmethatcultureis likeamapthatyou’rebeinggivenasyougrowupandwhichguidesyouthroughlifeinthesettingswhereyouare.MymapwasgiventomeinDenmark,thisiswhereIwasbornandgrewupasachildandthismapwascompletelyuselessformewhentryingtofindmyway around in the culture which I faced in Bangladesh – it was a challenging and at the same time an amazing experience!

AfterhavingbeenamemberofAIESECforfouryearsandhadleadershippositionfor2½years,Ifinallywent on an internship with AIESEC. During my studies I had developed an interest in social business andmicrofinanceandIgraduatedwithmicrofinanceasthetopicofmymasterthesissothereforeitwas a dream coming true when I got an internship through AIESEC in the Nobel Peace Prize winning microfinanceinstitution,GrameenBankinBangladesh.Doingthiscreatedformea linkbetweenmestudies and the real world at the same time as giving me an incredible experience in a country with such adifferentcultureandsodifferentchallengesfromwhereIcomefrom,Denmark.

Itwasanincredibleexperiencetochallengemyselflikethisandovercomingthischallengeisoneofmygreatest 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 andinmyinternship.AndfinallyIgotexperienceinafieldIampassionateaboutandexperienceswhichare valuable to my future ambitions of having a positive impact on society.

Kristine PedersenFormer Local Committtee President and National Support Team - StrategyInternship in Bangledesh with Grameen Bank


Performance Report | Intern Experience

TheprocessfromapplyingfortheinternshipandtofinallyarriveinDenmarkwassosmooth,thatweneverhadanyworriesaboutcomingtoadifferentcountrywithaverydifferentculture.AIESECwastheretosupportusallthewayandmakesurethatwewould have the best experience possible.

We both wanted to apply our programming knowledge in a different setting. OurAIESEC internship as software developers at Microting A/S has truly been a positive learning experience.

WecametoDenmarkinthemiddleofthewinterwhenitwassnowingandAIESECtookus shopping for warm clothes and boots. When we arrived our beds were ready with blanketsandtherewasfoodinthefridge.

ThroughAIESECwehavegainedmanyfriendshipsinDenmarkanddiscoveredsomeofthecities(Odense,Aarhus,Copenhagen,SønderborgandAalborg).Ithasbeenveryinteresting 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.

WhowouldeverhavethoughtthatwewouldtakelessonstolearnDanish?Yethereweare 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.

Cristina A. Matonte AIESEC USB - Venezuela

Eugenia Arguedas Colom AIESEC UCR - Costa Rica

Interns at Microting A/SOdense


Performance Report | In Coming ExchangeBringingGlobalYouthtoDenmarkOverthepast2years,asDenmarkfacedtherealitiesoftheglobalfinancialcrisis,anincreasing number of companies across a wider variety of sectors turned to AIESEC Denmark to provide a source of globallyminded, young professionals. Traditionallyusedasasourceofbusinesstalent,thelastyearshaveseenAIESECapproachedtoparticipate in global education programs and information technology sectors resulting ina60%growthofpositionsforinternationalinterns.

GlobalInternshipsinDenmark

Internships by RegionAIESEC provides internship opportunities through 2 specific programs – the GlobalInternship Program and the Global Community Development Program. Companiesthattakeinternsthrougheitherof these programs receive individuals with a diverse range of skill sets, leadershipexperience and diverse perspectives from different regions throughout the world. The majority of the international interns that have come to Denmark in the past twoyears are from the Ibero-America region,however most of our partners do not specify a preference.

Duration of InternshipsThe majority of our partners hire international interns for longer periods of time – either 12/18months.Howeversomeofpartners,liketheDanishEfterskole,enjoytheflexibilityof hiring interns for shorter periods from 2-6 months. International interns are able to behiredatanypointduringtheyear,dependingontheneedsoftheorganisation.

Internships by TypeAIESEC Denmark sources talent forbusinesses, government and educationalinstitutions. The majority of opportunities forglobalyouthinDenmarkareintechnicalfieldssuchascomputerprogramming,closelyfollowed by the opportunities provided in a partnershipwith theDanish Efterskoles toprovide cultural education to the students.


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 SourcingAIESEC 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 UniversitiesBy 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 ChoiceStrengthen 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 handwww.aiesec.dk


Performance Report | External RelationsThe National Partner Group plays an integral role in supporting the overall activities of the association through funding,in-kindprofessionalproductsandprovidingmembertraining and development. In 2010-2011 we have enjoyed the continued support of our National Partners FUHU,Soliditet and Exact. Additionally, the group has grownto include the latest National Partner, Insights Denmark.

UnderthenewpartnershipInsightsDenmarkwillworkwiththelocal 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 connectcompaniesandstudentstofindrealworldsolutionstorealcompany problems. These one day events range from case competitions where groups of students have 24 hours to solvearealcompanyproblem,toseminarsandworkshopsonsubjects such as leadership and the importance of cross cultural integrationintheworkplace,aswellasacompanyimmersionday. These events have been supported by companies such as KPMG,Novozymes,BritishChamberofCommerce,InsightsDenmark,AarhusSchoolofBusiness,EurowaterandDaloon.

Tom Fisker Jørgensen from InsightsDenmark providing training tomembers on the effects of persaonlity styles in teams using the Insights Discovery Wheel

ExactpartnerswithAIESECDenmarktoencouragethe members to improve communication and customer relationships across nationalities and borderswitharesultofasignificantincreaseoftraineeships. Doing this Exact feels in many ways similartoAIESEC,workingwithaninternationalcrowd of people focusing upon the same target group of costumers. We believe we can thus create synergies with each other

At Insights we strive to inspire and transform organisations with our simple and practical,results-driven approach to people development. Whateveryourorganisation’ssizeandbudget,and whatever challenges you are currently facing, we can make you more effective inpersonaldevelopment,leadership,consultativeselling,teamwork,andorganisationalchange.

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

FUHU has always worked intensively withstrengthening to more and better education and research for Danish Businesses. FUHU foundedNielsBrockandCBSbusinessschoolsandcontinuetoworkcloselywiththem,isthefounding father of the think tank DEA and isinvolved with the development of NOCA, anindependent institution focusing on promoting strategic HR in both private and state businesses

National Partner Group


Performance Report | Global Impact


Performance Report | Global Direction2010 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,marking5yearsofexceptionalgrowthin performance and operations. At the same time,webegandefiningwhatwouldbethenextmidterm ambition towards achieving peace and fulfillmentofhumankind’spotential.

DuringInternationalCongressinIndia2010,700delegates together for thefirst timewithmorethan 1000 virtual delegates underwent a process of appreciative inquiry to determine what should be the ideal state that AIESEC as an organisation shouldlooklikein5years.FollowingthelikesofGoogle,Nike,Amazon.com,Microsoft,BoeingandTwitter,theorganisationdreamtbigintheformof defining aBHAG (BigHairyAudaciousGoal)alongside of the 2015 Ambition Statements.

In the next five years, AIESECwill tell a storyof engaging and developing millions of young people by being a global youth voice, a firstchoice partner, and creating positive impactaround the world.


Performance Report | Global Direction

As part of the evolution towards AIESEC 2015, theorganisation 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.

Therevisionoftheexperiencedeliverymodelreflectsthechanging environment for youth development and how young people wish to create a positive impact in society.

How can you experience AIESEC?

Start on your path towards leadership development through an introduction to practicalteamexperience,accesstoaglobalnetwork and engage in practical hard skilldevelopment projects.

Build your personal and professional development by building and managing a teamofmembers,guidingthemintheirworkand support them in their development.

Createadirectimpactonsocietybyworkingon cross-cultural community development projects focused on entrepreneurial projects that provide self development and cultural understanding.

Gain professional and personal development in management or technical fields of work,while contributing to the operations of a company overseas.

Team Member Programme Team Leader Programme

Global Commumity Development Programme

Global Internship Programme


Impact Report | Company Experience

AIESEC at COP 15Climate change is one of top issues facing society today and the hosting of the UN summit for Climate Change COP 15 inCopenhagensawAIESECcalledonasakeyvoicefortheopinions of young people on climate issues. In the pre events andthesummit itselfAIESEC, representedbyPresidentofAIESEC International Aman Jain along with several leaders from AIESEC Denmark, presented the youth perspectiveonthiscomplex issue ineventshostedbyEuropeanYouthForum,PlanetCall,2041,MandagMorgenandCBSPrinciplesof Responsible Management (PRME). During these events AIESECpresentedtheirfindingsofaglobalsurveyconductedinpartnershipwithKairosFuture,aninternationalresearchandconsultancyfirm.TitledClimateChange–WhoCares?The topic of the century through the eyes of tomorrow’s leaders from over 120 countries, the report explores thethoughts and opinions regarding climate change and the role of youth of 3000 members and alumni from 122 countries.

Read the full report at www.aiesec.org

“Earlier in the year we suddenly got the opportunity to create 10 workshopswithatotalof100AIESECstudents.EachgroupwasgivenatopicfromGlobalCitizen.nete.g.Waste.Thetaskwasthentopinpointa specific problem under the different topics and then brainstormfor new products or companies that could earn money while solving the problem. The seriousness and richness of ideas that the AIESEC studentsshowedinsolvingthesetasksmadearealimpressiononme.”

--SørenWintherLundby,Founder and CEO of Global Citizen

“I am convinced that the tools and concepts we have can create morehappiness,motivationandeffectivenessforstudentsfromallkindsofstudies.InAIESEC,Ihavefounddynamicpeoplethatalsofocus 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 joinforces?BeinganexchangestudentinDenmarkcansometimesbeachallenge.TheworkshopsandconceptsofInsightscanbridgethedifferences and open doors between foreign students and Danish students.”

--TomFiskerJørgensenSenior Consultant & Business Manager of Insights Nordic


Impact Report | Global ConnectionParticipation in

International ConferencesAIESEC Denmark has a proud tradition ofsending delegations to participate in major international meetings and conferences. International conferences are an integral part of the operation of the global organisation creatingconnectionsandnetworksamongstthe 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, problemsolving and leadership skill developmentas well as fostering cultural understanding. Participation in these events represents a strategic investment of financial resourcesfromthelocaloffices,thenationalexecutiveboard and personal expenditure in order for Denmarktocontributetotheglobaldecisionmakingprocessanddirection.Between2009

and2011AIESECDenmarkhasbeenrepresentedinconferencesinTunisia,Italy,Mexico,Malta,Malaysia,India,Portugal,Austria,Greece,Turkey,Estonia,theUnitedKingdom,SwitzerlandandGermany.

Facilitators in International ConferercesAIESECDenmarkhasaproudreputationofhavingmembersofitsleadershipteaminvitedtofacilitateininternational conferences. Such invitations recognize the level of talent that is part of the national plenary andenableAIESECDenmarktoshareitsknowledgewiththerestofthenetwork.Additionallyitprovidesakeypersonaldevelopmentopportunityfortheleadersoforganisationtodesignandfacilitatesessionsfor up to 200 delegates on topics including leadership, organizational strategy, teammanagement,competencydevelopment,motivationandstrategicplanning.Between2009-2011AIESECDenmarkhasprovidedfacilitatorsforconferencesinGreece,Italy,Malta,Portugal,Sweden,SwitzerlandandGermany.


Impact Report | Local Offices

AIESEC CBS - Copenhagen Business School, IT University and Danish Technical University

Since2009,AIESECCBShasbeenconsistentlyevolvingitsoperationsacrossallareas,takingonnewchallenges, events and initiatives. From developing a range of national promotional materials andintegratedmarketingchannelstohostingadiverserangeofeventswiththehelpofoursponsors(CBS,TuborgFundet,HalifaxBurgers,Halls,Heineken,Neutral,FotexandNetto),therecognitionoftheAIESECbrand on campus continues to grow.

The results of this evolution can been in the record numbers of students applying to take part asmembers 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 inaScandinaviansalescompetitionandsecuringabranchouttonewcorporatemarketsforinternships.

A distinct highlight of the period was playing host of a Scandinavian regional conference in January 2011. WithsupportfromAIESECUNICandthenationalteam,wehosted200delegatesforfourdaysincludingaYouthtoBusinesssummitwithcompaniessuchasInsights,IBMandGlobalCitizen.

AIESEC SDU - Southern University of Denmark Odense and Sønderborg

OverthepasttwoyearsAIESECSDUhasworkedtowardsstrengtheningthestainabilityandperformanceacross all operational areas. From building the overall membership and leadership pipeline to attracting morestudentstogooninternationalinternships,AIESECSDUhasachievedgreatresultsconsequentlycreating a highly recognized on-campus brand.

Afterayearofgeneratingnoexchanges,AIESECSDUfocusedongrowingbothitsexternalandalumninetworkswithgreatsuccess.MicrotingA/Sprovidedthemostprofitablerelationshiptaking8technicalinterns and providing resources and training to the Executive Board. The Local Committee has also demonstratedinnovationincreatingnewcasecompetitionevents,thebi-annualInnovationDayandasimilar 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.

AIESECSDUhascontinuedtoexpanditsoperationstotheSDUcampusinSønderborgoverthepasttwo years building up a team and overall operations. This culminated in the hosting for Fortius 2011 and finallytheapprovalofAIESECSDUSønderborgasanInitiativeGroupofAIESECDenmark.

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.


Impact Report | Local Offices

Since 2009 AIESEC CBS has been fortunate to have the dedicated support of our Board of Advisors. Chaired by ChristopherMercado,withMarkKozak, Elsebeth Blaabjerg,Lene Refsgaard, AndersHarbo, Lone Sondergaardand Ulla Ipsen, they are agreat presence with the local committee and provide the Executive Board with invaluable advice in order to support the continued growth of the Local Committee.

AIESEC Aarhus - Aarhus School of Business and University of Aarhus

During2009thedecisionwasmadetomergethe2localofficesinAarhus,AIESECASBandAIESECUNI,intoone.AIESECAarhusofficiallycametobeforthestartofthe10-11yearwith15members.SuccessfulrecruitmentroundsinSeptemberandFebruarytookthemembershiptoapeakof70membersinspring2011.TwolocalinductionconferencesgavethenewmembersagoodstarttotheirAIESECexperience,leading to 11 applicants for 7 positions for the following year’s executive board elections.

AIESECAarhusperformedanddevelopedwell inespeciallytwoareas:exchangegrowthandexternalrelations.Furthermore,financialpracticeswereoptimizedandgovernancestructuresimproved.AIESECAarhussealedapartnershipwiththethenAarhusSchoolofBusiness,AarhusUniversity.TheagreementformalizedalreadyexistingtiesbetweenAIESECandtheuniversity,andentaileddeliveryofaprojectorganised by AIESEC with the support from the university. The outcome of this was a 3-part event series duringthespringof2011,focusingonbringingstudentsandbusinesslifeclosertogether.

Inexchange,AIESECAarhussucceededinsending27individualsonlife-changinginternshipexperiencesabroad.Thiswasanincreaseofalmost300%fromthepreviousyear’scombinedresultsofthetwopre-mergercommittees.Inincomingexchange,thelocalcommitteeraisedthefirstAIESECtraineeshipinAarhusinover5years,andanadditionaltwotraineeshipswereraisedinspring2011.

Theperiod2009-2011wasthatoftransitionandnewbeginningasoneLocalCommitteeAarhus,butitwasalsoaperiodofgrowthanddevelopmentbeyondthepre-definedorganisationalchanges.


Impact Report | Local OfficesAIESEC 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 strongcommitmenttoresults,hasleadtoadiversemembershipwhereeachindividualhasthedesiretosucceedforthemselvesandothers.Improvedinternalmembershiptrackingandcommunicationhastranslated into more members participating in national and international conferences. It has also created atransparentandopenleadershipstructurewhichisfocusednotonlyontheresultsofnow,buttheoverall stainability of the committee.

WehaveworkedhardtobuildastrongrelationshipwithStudenterhuset,whichhasopenedupnewopportunitiesforhostingeventssuchasGlobalVillage,companyworkshopsandjointeventswithAIESECCBS. The growth of our recruitment of both members and students to participate in exchange programs suchasSummerAbroad,furtherconfirmstheinterestinAIESEC’sactivitiesacrossourthreeuniversities.

Creating a local committee that is sustainable operationally and financially has been a key focusduringthisperiod.Withthehelpofouralumni,wemanagedtosetupaBoardofAdvisorstotracktheperformanceoftheexecutiveteamandprovidelongtermguidancetothelocalcommittee.Externally,throughourstrategicpartnershipwithCyclopStudios,wehavecreatedapipelineforcreatinginternshipopportunities,whichultimatelyresultsinasecuredsourceofincome.Finally,duetoimprovedfinancialmanagementpractices,wehavebeenabletoplayhosttothenationaltransitionconferenceinJulywitha view to being able to host a larger scale conference in the next term.

Official Extension - VIA College HorsensThe10-11yearsawAIESECDenmarkpursuinganofficeexpansionstrategyforthefirsttimeinrecenthistory.DrivenbythenationalcommitteewithinvestmentfromtheBoardofFoundation,inconjunctionwith theCareerCentreatVIACollege inHorsens,an InitiativeGroupconsistingof10studentswasformedtobothlearnabouttheoperationsofAIESECandascertainthefeasibilityofopeninganofficeinHorsens.

WiththesupportofAIESECAarhusasthepartnerlocalcommittee,themembersoftheInitiativeGroupquickly came to find their way in the organisation, participating in local activities in Aarhus aswellassendingdelegatestonationalconferences.Back inHorsensstudents,companiesandfacultywereapproached for support for the project building a small student pipeline for outgoing internships.

Attheconclusionoftheyearuponpresentationofawellresearchedviabilityplan,theBoardofDirectorsapprovedtheadmissionofVIACollegeHorsensasanOfficialExtensionofAIESECDenmarkaswellassecuring university funding to continue to build operations towards becoming a Local Committee.

In Focus | Expansions


Impact Report | Local OfficesAIESEC 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 inall exchangeareas. AAUmadea significant contribution to theSummerAbroadprogramsendinginthefirstyearfourmembersandcapitalizingontheexperiencesandreputationoftheprogramto send eleven members in 10-11.

InraisingtraineeshipsAAUhadregularcalloutstocompanies,attendedcompanyfairsandcontactedbusiness 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 ofAIESECDenmarkfor2010-2011.

AIESEC AAU has been able to provide a much stronger starting point for next year and increased our presence and relevance at Aalborg University.

InsightsImmediate Impact - Endless Possibilities

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.

Insights Discovery Profile Insights Full Circle Profile

Insights Denmark is proud to be a national partner, collaborating with AIESEC in various areas:

Contact Senior Consultant Tom Fisker Jørgensen for more: [email protected] - 41 89 49 03www.insightskurser.dk - www.insights.com

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 wehave the tools, programmes and psycological depth that can improve the performanceof individual students, the collaboration in study groups and the strategies of wholeuniversities. E.g. University College Nordjylland has chosen Insights as preferredpartner in implemening the strategy of “The Complete Individual”, ”PULS”, and “Head - Heart -Legs”.

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.

Practicality of the profileAcceptability of the profileScope of coverage of the profileOverall quality of the profileEx

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Team Talents &Leaders

SalesOrganisation

Would you like

to know more about

how YOU can develop and empower

students at your university?


Impact Report | Alumni in FocusBirger Baylund - Founder and CEO

Debitor Registret A/S

AIESEC Experience

1980-1983 - AIESEC CBS Raising and Reception Officer1983 - Exchange with CFC Corp AIESEC Phillipines1983-1984 - National Committee Vice President AIESECDenmark2009-Present Board of Trustees Member AIESEC Denmark2010-Present Board of Foundation Member AIESECDenmark

MypersonalfeelingtowardsAIESECremainsunspoiledinmyheart,evenafter30years.TomeAIESECissomethingpure,idealisticandbycontinuingbringingstudentsfromallovertheworldtogether,AIESECstillplaysanimportantroleinglobalbusiness,cultureandunderstanding.

Why do I continue to spend time with AIESEC as an alumnus? It’s a combination of idealistic andprofessional reasons.After spending25yearsworking for several international companies, I startedout as an entrepreneur starting up a Danish Consumer Credit company Debitor Registret. Through my participationIhopetousethebusinessnetworkswithinthealumninetwork inordertoenhancemycompany brand recognition.

OnthepersonalsideitisagreatpleasuretoworkwithAIESECstudentsonleadershiplevelasamemberofBoardofTrusteesorascoach/mentorforNationalCommitteeMembers.Todaymorethan50%oftheDanishAIESECmemberscomefromabroad,sothereisatrulyglobalatmosphereatourmeetingsand itmakesmegrow!Workingwith theworldsnextgenerationof leadersblendsmy thinkingwiththeir 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?

EveryformerAIESECmembershouldconsidergettingbackintouchwiththeorganisationeitherdirectlythroughthelocalcommitteesorthroughthealumninetwork.Beforedoingso,itisobvioustoaskwhy?Thereisplentyofnetworkingopportunitiesoutthere,mytimeislimited…andAIESEC…beenthere,donethatandIevengottheT-shirt,tellmesomethingnew!

Alumni, inmyopinion, isanintegratedpartofAIESECandshouldberecognisedassuch.Ifeelthatif Icansupport inanywaythatenablesAIESECtogrow, I feel like Iam ‘payingback’someof theinvestmentsAIESECputintomydevelopment,andthat’sagoodfeeling.

Itwillalwaysbeaveryindividualquestiontoanswer.IjoinedAIESECin1980atCBSandafterworkingfor AIESEC some years I went on a traineeship to the Philippines. It all played an important role for my laterbusinesscareerasleaderworkingforinternationalcompanies.


Impact Report | Halls of Fame

TheAlumniHallofFameinAIESECDenmarkstartedin2006(JensAdamsen,JanFrøshaug,KajVernerSlot & OleWiberg). The award is given to an alumnus, whom exemplify AIESEC values andwhomcontributes to AIESEC and the society he/she lives in.

Since2009,therehavebeenthreenewadditionstotheAlumniHallofFame:

Jose Manuel DuranAIESEC SDU

MajaHedemarkMikkelsenAIESEC CBS Board of

Advisors

Morten RingAIESEC AAU

AIESECinDenmarkMCNational Board of Trustees

TheAIESECExperienceHallofFameinAIESECDenmarkstartedin2010.TheawardhasthepurposeofrecognisingAIESECmembersthathaveparticipatedinboththeleadershipandexchangeprograms,while having outstanding contribution to the organization as members.

2009-2010Casper BekAIESEC CBS

* Vice President Finance* Internship in Malaysia* Outstanding results inthefinancearea and national conferences* Currently Local Committee President AIESEC CBS

2010-2011Kristine Pedersen

AIESEC UNI** Local Committee President AIESEC UNI (2 years)* NST Strategy 2010-2011*Internship in Bangledesh* Founder of Danish armofJAAGO,anorganisation to build awareness about the impoverished community in Bangledesh

Alumni Hall of Fame

AIESEC Experience Hall of Fame

*InApril2010,AIESECUNIandAIESECASBweremergedtoformAIESECAarhus


Impact Report | National Awards

EveryyearAIESECinDenmarkrecognisestheperformanceoftheLocalCommitteesthroughouttheyearacross the different areas of the organisation. These awards consider not only the numerical performance ofthedifferentareas,butalsothelevelofinnovation,growthanddevelopmentoftheareaalongwiththecooperationbetweenthelocaloffices.

Excellence in Talent Management

2009-2010 AIESEC CBS2010-2011 AIESEC CBS

Excellence in Out Going Exchange

2009-2010 AIESEC ASB*2010-2011 AIESEC Aarhus

Excellence in Sales

2009-2010 AIESEC SDU2010-2011 AIESEC SDU

Excellence in Finance2009-2010 AIESEC SDU2010-2011 AIESEC SDU

Most Progressive Local Committee2009-2010 AIESEC ASB*

2010-2011 AIESEC Aarhus

Local Committee of the Year2009-2010 AIESEC SDU2010-2011 AIESEC SDU

Best Individual (2009-2010 only)

Susan Gejl Madsen AIESEC UNI*

Excellence in Communications (2010-2011 only)

AIESEC CBS


Initiatives | Scandinavian Events

Asaregion,AIESECineachoftheScandinaviancountriessharesimilaropportunities,challengesandcamaraderie.Therefore twiceayear,Norway,SwedenandDenmark(alongwith IcelandandFinlandinthesummer)jointogethertoworkonregionaltiesandleadershipdevelopmentunparalleledintheAIESECglobalnetwork

ScaLDS - Scandinavian Leadership Development Seminar2009: Copenhagen, Denmark 2010: Helsinki, FinlandScaLDS, held annually in August, isthefirstchanceforthenewleadershipteamsfromNorway,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 teamstotaketotheglobalplenaryatthe largest international conference in the network – International Congress– which directly follows ScaLDS. For 4days,leadersfromlocalandnationallevelshareknowledgeandexperienceon a diverse range of topics including organisational development, teambuilding, time management, virtualleadership, motivating volunteers aswellasseekingoutcrossborderprojectcollaborations.

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 positionsatlocal,nationalandinternationallevel.Inthe period of December-January throughout the 110 countries comprising the global network, electionsare held to determine the new national president of eachcountry.In2009,DenmarkandSwedendecidedtomake theunprecedenteddecision tohosta jointelection conference and further strengthen regional ties. The conference was such a success, that in2010 it was decided to expand the conference to include Norway as well. 200 delegates from the three countries came together in Copenhagen to participate inthefirstevertripleelection.


Initiatives| National Events

Each year AIESEC Denmark hosts 3 national summits as an integral part of ensuring continuity ofoperationsanddevelopmentofthemembership.HostedinOctober,AprilandJune,theseconferencesare focusedongiving themembersofAIESECDenmarkanational perspectiveaswell ashandsonleadership development and the ability to come together to identify challenges and collectively devise solutions to move the national operations forward.

CITIUSCitius, held annually in October, is the first nationalmeetingofAIESECDenmarkfortheyear.ThisisthefirstchanceforthenewmembersofAIESECDenmarktogainan insight into the national operations and learn important skillssothattheymaynotonlycontributetothecountry,but also start their own personal development journey. This conference allows the country to come together andevaluatetheinitialprogressmadeduringthefirst3monthsoftheyearlongterm,sharesuccessstoriesandalso adjust national strategies if necessary to attain the national goals for the remainder of the year.

FORTIUSFortius,heldannuallyinApril,isthelastmeetingofthe year involving the entire membership of AIESEC Denmark.Thisconferenceisamixedplatformwhereexisting members consider their next steps in or out of the organisation, newmembers are introducedtotheorganisationandnewlyelectedleaderstaketheirfirststepsofknowledgetransitioninordertotakeoveratthebeginningofJuly.This isalsothespace where achievements that have been made throughout the year are recognised in the annual awards ceremony.

RelayRelay, held annually in June, is a transitionalconference for the national leadership body. Thisconferenceiswheretheevents,programsand strategies of the closing year are evaluated and new goals and initiatives are planned for all entities for the upcoming year.


Initiatives | Local Events

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 whetherDanishcompanies(andDenmarkitself)arewellpositionedtotaketheleadinaglobalmarketiftheyareclosedtointernationaltalent?KeyspeakersincludedClausBondam,MayorofCopenhagen,whotalkedaboutthecity’seffortstomakeintegrationofforeigners easier, and Henning Therkelsen from OmadaA/S,who highlighted how topDanish talent is attractedto established companies,where international talent aremoreopentoworkforsmallerDanishstartups.Throughout theevent keypartnersofAIESECCBSsuchasOmadaA/SandHempelA/S,testifiedthevalueoftheAIESEC global exchange program for its ability to not only connectDanish companieswith key international talent,but also to address the regularly identified challenge ofcultural integration of internationals into Danish society.

In March 2011, students, professionals,and professors joined together for a day of exploring the issues and challenges associated withcross-culturalmanagement,inaneventorganised by AIESEC Aarhus, ASB Alumniand InterResource.Cross-Cultural Day’s delegates challenged their world views through presentations of different experiences, simulations andworkshops – some in lecture style for allparticipants, and others in smaller groupstargetedtodifferentinterestswithinthefieldof cross-cultural management. The event created a setting for cross-cultural interaction andinternationalnetworking,andwasclosedwithaglobalvillagehostedbyAIESECAarhus,where participants could visit stands and try foods and dances from a variety of different countries.

Internationals in Danish Business Life

Henning Therkelsen Chief Opperating Officer, Omada A/S

Cross-Cultural Day

“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


Initiatives| Local Events

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.

Between2009and2011,InnovationDayhastaken place four timeswithmore than 300participants, representingagreatvarietyofstudybackgrounds.TheeventswerehostedwithsupportfromIDEAHouse,VentureCup,Studenterhus Aarhus, StudentervæksthusAarhus, and InterResource. Case holdershave includedRandersMunicipalit,Faaborg-Midtfyn Municipality and Insights Nordics. So successful have been the Innovation Days,thatitsparkedaspinoffcasecompetitionforDaloon A/S aptly named Daloon Day.

Innovation 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 - KPMGAtthisevent,whichtookplaceinApril2011,24studentsfromvarious university backgrounds visited KPMG’s Aarhus headquarters.During the day, the participants learned about modernleadership, defined their own views on good leadership,while doing workshops and role play activities. The eventwas successful, with a company that was highly involved,professional,andunderstoodtheparticipants.Thedeliveryofthe event by KPMG and AIESEC Aarhus in turn inspired the participants, who immediately after the event were alreadyaskingformore.


Initiatives | National Projects

Startedinthesummerof2010,AIESECDenmarkSummerAbroad Program is a division of the global exchange program offeredbyAIESEC.Specificallyaimedatcurrentuniversitystudentsontheirsummerbreakfromstudies,theprogramoffersparticipantsauniqueopportunitytoliveandworkona 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,teamwork,teammanagement,adaptability,beingintegrated in culturally diverse teams all the while immersing themselves in an international environment.

The Youth to Business Forum providestalented youth and companies with the opportunity to connect with each other and find innovative solutions for currentchallenges. It is a concept created by AIESEC International in 2009 and adapted toAIESECDenmarkinearly2010.During the 2010/11 year the Youth toBusiness 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 DenmarkKimØstrupwho talked about globalisation& private companies global responsibilities andBusinessManagerofInsightsDenmarkTomFiskerJørgensenwhotalkedaboutselfunderstandingastheway to create results.

In 2010 a partnership was created with the Danish Efterskoleforeningen, orBoardingSchools, to bring internsfromaroundtheworldtoexplorethetopicsofhumanrights,racism and cultural integration with Danish students. The project,originallystartedbyAIESECCBS,wentnational inthe first year with 10 interns arriving in September 2010from countries including Singapore, Bulgaria, the CzechRepublicandItaly.Oversixweekstheinternstravelledto10EfterskolesthroughoutDenmark.The project enjoyed such a high success that it has been confirmedtocontinuein2011.

Partnership with Efterskoleforeningen

AIESEC Denmark Summer Abroad Program


Initiatives| Online and Mediawww.aiesec.dkThe 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 MediaThe fan base of our social media conversations has more than doubled in the last 2 years. These platformsarekeyspacesforinternalandexternalcommunicationaboutthecurrentactivitiesofAIESECDenmark.Everydaywearefindingnewwaystousetheseportalstoincreasetheperformanceoftheorganisation and our reach to the community.

Media ApperancesAroundDenmarkwehavebeenworkinghardonbuildingourmediareputation,receivingmorethan25apperancesin2010-2011alone.OuractivitieshavebeenfeaturedinthelikesofPolitiken,TV2Nord,Nordjyskeandvariousuniversitypublications.Thiscontinuedmediaexposurecontinues topositionAIESECDenmarkasasourceofyouthopionionandleadershipthroughoutDenmark.


AIESEC’s Supporters | Board of Trustees

Exactly40yearsago-afterhavingfinalizedmybachelordegreefromCopenhagenBusinessSchool–IrealizedwhatAIESECisabout.DuringfourmonthsIworkedandlivedinSouthAfricaonanAIESECinternship,witha job inabigminingcompanyandstayedwitha family.Working ina countrywithcolleagues,discussingandexperiencingtheirvalues,livinginafamilywherethoughtscouldbeexchanged,meetings with South African and AIESEC students from around the world – I realized that the ultimate perspectiveofAIESEC–istomakethisworldofours–abetterworld!

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 fromworkingincompaniesindifferentculturesstilladdstoperspectiveofcreatingabetterworldforallof us. During the last two years the Board of Trustees has remained having focus on consolidation and strengthening of its governance and core activities.

WearedelightedthattheestablishmentoftheAIESECFoundationhasbeenfinalizedduringtheyear-ina 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 theAIESECAlumninetwork–isbeingbroughtintoaction–whateverformthatmightbe!TheboardofTrustees 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 thesame time Iwant to thankallofyouworking for theAIESECvision– forall theenergyanddedication you bring into this – thereby contributing in building a better world.

George GreibeChairman AIESECDenmarkBoardofTrustees

AIESEC Denmark Board of Trustees:(l-r)BirgerBayland,GeorgeGreibe,JacobSchächter,LouiseRønn,JensAdamsenAbsent: Morten Ring, AndersGeertsen


AIESEC’s Supporters| Board of Foundation

Formorethan20yearsKarrieredagene®wasthemainsourceofrevenueforAIESECDenmark.However,asthedirectionofAIESECbegantoshiftfrom2005,theannualeventwasdecreasedinitsrelevancetowardssupportingtheoverallobjectivesoftheorganisation.In2008,Karrieredagene®wassoldformorethan7millionDanishKroneropeningtheopportunityforAIESECDenmarktoinvestinnewactivities.InordertooverseetheinvestmentofthemoneyandtosecurethelongtermfinancialstabilityofAIESECDenmark,in2009theAIESECDenmarkBoardofFoundationwasformed.

In the 2010-2011 year, the Board of Foundation began to work at full capacity, charged with themanagement of the internal and external investments of the organization made during the year. All theinvestmentsaresubjecttoexaminationbeforehandtoensuretheydonotconflictwithanyoftheorganizationby-laws,memorandumorarticles.

ThefirstorderofbusinessfortheBoardofFoundationhasbeenbackinginitiativessourcedfromthemembersofAIESECDenmarktofind“TheNextBigThing”thatwillgeneratelongtermincomefortheorganisation. All possibilities and options are being equally weighed upon and tested with the support oftheManagementBody,BoardofDirectorsandmembersbringingnewandfreshideasonthetable.SomeoftheprojectsthathavecomeunderfinalscrutinyareAlumniRelations,Clean-techSectorandSales Culture.

The Board of Foundation continues to evolve the understanding of its role and capacity with the presence ofBoardofTrusteesandBoardofDirectors,andmakingAIESECDenmark’sfinancialstructuremoreefficient.Allthathasbeenachievedduringthe2010-2011yearwillgoalongwayinensuringthesuccessandstainabilityofAIESECDenmark.

The Board of Foundation could not have been set up without the support from dedicated individuals of the DanishBusinessCommunitywhohaveworkedhardtoensuretherightstructureandprocessesaroundtheworkoftheBoardofFoundation.

AIESEC Denmark Board of Foundation (l-r):BirgerBaylund-CEO,DebitorRegisteretGeorgeGreibe(Chairman)-ManagingDirector,NetworkofCooperateAcademies(NOCA)LouiseRønne-MemberCommitteePresident2005-2006,AIESECDenmarkJacobSchächter-IBMDenmark,ChannelMarketingManagerNordicAndersGeertsen-ManagingDirector,DanishAngencyforInternationalEducation


Governance and Accountability

GovernanceStakeholder demands for good governance to evolve, so do the codes, international standards andpracticesaccordingtowhichbusinessesaremanaged.AIESECisnotabusiness;however,beinganon-for-profitorganisationwealwaysleadbyexampleandputinpracticehigherdemandsthantheonesweexpect from the corporate sector.

GovernancereferstothesystembywhichAIESECisdirectedandcontrolled,thegoalstowardswhichtheorganisation ismanagedandthemajorprinciplesandframeworkswhichregulatethe interactionbetweentheAssociationandourstakeholders.

Governance StructureLOCAL CHAPTERSThelocalchaptersofAIESECinDenmarkareautonomousassociations,whosemembershipcomprisesof students and new graduates; and lead by a yearly elected president and its executive vice presidents.

AIESEC DENMARKEachlocalchapterisamemberofAIESECDenmark.ThelocalpresidentsexercisetheroleofDirectorsofAIESECDenmarkandhaveagreedinanationalframeworkthatregulatestheorganisationnationallyandlocally:theMemorandumandArticlesoftheAssociation,anditsby-laws.On a daily basis, AIESECDenmark ismanagedby a yearly elected President and its executive vicepresident,beingaccountabletotheBoardofDirectors.AIESECDenmarkisafoundingmemberoftheFoundationAIESECInternational,anditisrepresentedatthe General Assembly by its President.ThesetofAIESECassociationsintheKingdomofDenmarkisreferredasAIESECinDenmark.

FRAMEWORKAIESECinDenmarkfollowsitsMemorandumandArticlesoftheAssociation,anditsbylaws;thatareinaccordance with the Compendium of the Foundation AIESEC International.TheinternalregulationsofAIESECinDenmarkstrictlyfollowDanishLaw.

ASSURANCECompliance 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.TheInternalAuditorsprovideindependentandobjectiveassurance,primarilywithininternalcontrolandgovernance.TheyreporttotheAuditSubcommitteewithintheBoardofDirectorsofAIESECDenmark.Theannualreportandtheinternalcontrolsoverfinancialreportingprocessesareauditedbyanexternalauditor elected at the Annual General Meeting.

AccountabilityThemainbodythatholdsthenationalofficeaccountableistheBoardofTrustees.Thenationalcommitteemembers meet once every quarter with the board to present reports on the achievements compared to the goals and to get inputs to the plan.


Management Statement of the Consolidated Accounts 2009-2010ThePresident and theFinanceManagerofAIESECDenmarkhave todaypresented theConsolidatedAccounts forallAIESEC’sactivities inDenmarkfromJuly1st2009toJune30th2010.Continuously,AIESECinDenmarkworksintenselytowardsensuringorganizationalsustainability.

Asanorganizationthatoffersacomplementaryeducationalprogramme,AIESEC’ssuccesscanonlybemeasured by the actions of its alumni. For this reason the strategies of the allocation of our resources in long-termresultsbecomesfundamentaltothissuccess.Toachievethis,weutilizeourinternalAIESECDenmarkFunds that support theorganization infiveareas:attendanceofmembers tonational andinternational conferences and meetings, funding a National Support Team, funding local initiativestowardsthedevelopmentofissuebasedprojects,improvementoflocalofficesinfrastructureandfundingof national conferences.

DuringthisfinancialyearAIESECDenmarksuccessfullycreatedaBoardofFoundationwhichwillexistto 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 beensetupwithoutthesupportfromdedicatedindividualswhohaveworkedhardtoensuretherightstructureandprocessesaroundworkoftheBoardofFoundation.

Accounting PracticeAccounting FoundationThe accounts are submitted in accordance with AIESEC Denmark’s Memorandum & Articles of theAssociation,itsbylaws,DanishLawandgoodgeneralaccountingpractice.

ConsolidationTheaccountsaretheconsolidatedaccountsforAIESECDenmark,AIESECAAU,AIESECASB,AIESECUNI,AIESECSDU,AIESECCBSandAIESECUNIC.

Material assetsProperty and equipment are recorded at its purchasing price and are depreciated over 3 years. Material assetsforavaluebelowDKK10,000.00(tenthousand)arerecordedascurrentexpenditures.

Bonds and other financial assetsToalimitedextentAIESECownsfinancialassets;theyarerecordedasInvestmentsunderassets.ThevalueoftheassetsisrecordedatmarketvalueasofJune30th2010andanyprofitisrecordedintheStatement of Financial Results under Assets – Gains.

ProvisionsAIESECinDenmark,accordingtoitsbylaws,allocatesapercentageofthefeespaidbytheorganizationsparticipating in the Exchange Programme. This provision shall not be used for any other purpose than tofacilitatetheintegrationofinternsintoDanishsocietyandexpandtheirknowledgeofDanishcultureand language.

WeconsidertheseConsolidatedAccountstobeatrueandfairpictureofthefinancialsituationofAIESECinDenmarkaswellastheresultofitsactivities.

Copenhagen,February9th2011

Teodora ChetenNational President 2009-2010

Line Dahl PedersenFinancial Manager2009-2010


Management Statement of the Consolidated Accounts 2010-2011

ThePresidentandtheFinanceManagerofAIESECDenmarkhavetodaypresentedtheConsolidatedAccountsforallAIESEC’sactivitiesinDenmarkfromJuly1st2010toJune30th2011.Continuously,AIESECinDenmarkworksintenselytowardsensuringorganizationalsustainability.

Asanorganizationthatoffersacomplementaryeducationalprogram,AIESEC’ssuccesscanonlybe 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 thisdirection,weutilizeour internalAIESECDenmarkFunds that support theorganizationinfiveareas:attendanceofmemberstonationalandinternationalconferencesandmeetings,fundingaNationalSupportTeam,fundinglocalinitiativestowardsthedevelopmentofexchangeprojects and improvement of local entities infrastructure.

TheAIESECDenmark foundationexists tocontrol,andtherebyprotect, themoneygeneratedfrom 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 thelocaloffices,ensuringalongtermplanningofeachconferenceandafinanciallymorestableconference.

Investments in new projects have been made. The projects are planned and executed by the nationalteamandthelocalofficesandthegoalistoensureasteadyincomeforAIESECDenmarkas an addition to our exchange and other sales.

Financialstabilityhasbeenabigtopicontheagendaforthisyearandstrongerfinancialprocesseshavebeen implementedwhich isexpectedtobereflected innextyearsresult.Educationandtrainingforeveryoneinvolvedinfinanceshasincreasedandthebasicknowledgeisnowgreaterleadingtoanincreaseinqualityoftheworkdonebythefinances.

It is needless to say that the Board of Foundation could not have been set up without the support fromdedicated individualswhohaveworkedhardtoensuretherightstructureandprocessesaroundworkoftheBoardofFoundation.


Accounting Practice

Accounting FoundationAlltheaccountsofAIESECDenmarkaresubmittedinaccordancewithAIESECDenmark’sMemorandum&ArticlesoftheAssociation,itsbylaws,DanishLawandgoodgeneralaccountingpractice.

ConsolidationAIESECDenmarkconsistof theconsolidationof the followingentities:AIESECAarhus,AIESECAAU,AIESECCBS,AIESECSDU,AIESECUNI (closeddown),AIESECUNICand theNational committeeofAIESECDenmarkwhichincludestheAIESECDenmarkFoundation.

Material assetsProperty and equipment are recorded at its purchasing price and are depreciated over 3 years. Material assetsforavaluebelowDKK10,000.00(tenthousand)arerecordedascurrentexpenditures.

Bonds and other financial assetsToalimitedextentAIESECownsfinancialassets;theyarerecordedasInvestmentsunderassets.Thevalueof theassets is recordedatmarketvalueasof June30th2011.Anyprofit is recorded in theStatement of Financial Results under Assets – Gains and any loss is recorded under Assets - Loss.

ProvisionsAIESECinDenmark,accordingtoitsbylaws,allocatesapercentageofthefeespaidbytheorganizationsparticipatingintheExchangeProgram.ThisprovisionalsoknownasTraineeActivityFundshallnotbeused for any other purpose than to facilitate the integration of interns into Danish society and expand theirknowledgeofDanishcultureandlanguage.

WeconsidertheseConsolidatedAccountstobeatrueandfairpictureofthefinancialsituationofAIESECinDenmarkaswellastheresultofitsactivities.

Copenhagen,17thNovember2011.

Line Dahl PedersenNational President2010-2011

Nitin MehtaFinancial Manager 2010-2011


Statement of Financial Result

Notes 2010/11 2009/10 2008/09

IncomeFinancial Support Donations &

Partnerships388,306 395,348 562,024

Membership subscription

29,219 31,165 22,213

Interest 106,783 48,859 87,797Services & Projects Exchange

Programme534,073 370,682 441,834

Karrieredagene® 0 0 0LearningNetworks 0 0 0Conferences 794,424 347,863 196,531

Membership for International Conferences

100,533 174,048 9,865

Other Income 23,420 8,832 51,757Sale of Karrieredagene® 0 0 7,400,000Assets Gain 43,038 324,054 0Total Income 2,019,795 1,700,851 8,772,021

StatementoffinancialresultsforAIESECinDenmarkfortheyear1stJuly2010tothe30thJune2011All amounts in DKK


Notes 2010/11 2009/10 2008/09

ExpensesGeneral Management Board of

Management Compensation

642,905 556,104 668,178

Rent & Insurance 125,849 112,779 148,801OfficeCost 103,694 66,156 127,286AIESEC 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

Assets Depreciation & Amortation

0 0 8,600

Losses 197,792 48,338 0Services & Projects Exchange

Programme54,633 8,119 14,266

Karrieredagene® 0 0 452,038LearningNetwork 0 0 0Conferences 865,022 432,248 270,282Conferences - DK Fund

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 14,955Total Expenditures 2,594,590 1,858,009 2,255,662

Result of the year -575,047 -157,158 6,516,359

Allocation of the year ResultRestricted Reserves -154,754 324,054 6,930,759Free Reserves -420,293 -481,212 -414,400Total Result -575,047 -157,158 6,516,359


Balance Statement

Notes 2010/11 2009/10 2008/09Assets

Property and equipment 0 0 0Investments 1 5,664,505 3,995,910 657,691Total Fixed Assets 5,664,505 3,995,910 657,691

Receivable - Members 99,467 47,972 47,430Receivable - Organisations 2 1,989,026 3,801,179 7,529,608Accruals and Prepayments 38,869 41,561 64,981VAT Receivable - 49,445 298,475Total Receivable 2,127,362 3,940,157 7,940,494

Liquid Assets 1,849,101 5,369,896 2,438,554Total Current Assets 9,410,751 9,310,053 10,379,048

Total Assets 9,640,968 13,305,963 11,036,739

Notes 2010/11 2009/10 2008/09Liabilities and equity

Restricted Reserves 9,761,939 9,916,693 9,592,639Free Reserves -926,235 -505,942 24,730Total Equity 3 8,835,704 9,410,751 9,567,909

Provisions 4 504,817 493,834 570,272AIESEC DK Funds 5 199,482 199,482 199,482Other Liabilities - Suppliers 16,659 3,174,799 157,295Other Liabilities - Members 53,977 27,097 27,837VAT 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

BalanceStatementforAIESECDenmarkasofJune30th,2011All amounts are in DKK


1. Other fixed assets - InvestmentsPurchasing price 1st July 2010 3,996,407Additions 3,833,173Disposals -1,997,063Purchasing price 30th June 2011 5,832,517

Revaluation at 30th June 2011 29,780Reversals at the 30th June 2011 -197,792Total -168,012

Book value as of 30th June 2011 5,664,505

2. Receivable - Organisations 2010/11 2009/10 2008/09Exchange Programme Organisations 66,250 45,459 33,358National Partners 0 8,000 218,750Educational Institutions 2,576 5,000 30,000AIESEC International 0 0 0Foundations 70,000 20,000 333,000Sale of Karrieredagene® 1,850,000 3,700,000 6,914,500Others 200 22,720Total Receivable - Organisations 1,989,026 3,801,179 7,529,608

Notes to the Accounts

All amounts are in DKK


Notes to the Accounts

3. Equity Reserve for creation of AIESEC Denmark Foundation

Free Reserve

Total Equity

Equity 1st July 2010 9,916,693 -505,942 9,410,751YearResult -154,754 -420,293 -575,047Equity 30th June 2011 9,761,939 -926,235 8,835,704

4. Provisions 2010/11 2009/10 2008/09Students Refundable 148,422 94,602 67,500Student Report Refundable 62,899 39,024 22,500Trainee Activities Fund 54,440 172,466 328,044Students Preparation Fund 40,227 -153 -153Member & Trainee Refundable 40,829 32,637 -5,619Other Provisions 158,000 158,000 158,000Total Provisions 504,817 496,576 570,272

5. AIESEC DK Funds 2010/11 2009/10 2008/09National Conference Fund 41,100 41,100 41,100International Conference Fund 30,000 30,000 30,000LC Development Fund 34,689 34,689 34,689Exchange Development Fund 38,693 38,693 25,000National Support Team Fund 25,000 25,000 38,693Conference Contingency Fund 30,000 30,000 30,000Total AIESEC DK Funds 199,482 199,482 199,482

All amounts are in DKK


Independent Auditor’s ReportTo the Board of Directors of AIESEC DenmarkWehaveauditedtheFinancialStatementsforthefinancialperiod1July2009–30June2011,whichcomprisesmanagement’sstatementoftheconsolidatedaccount,accountingpractice,incomestatement,balance sheet and notes. The Financial Statements are prepared in accordance with the Danish Financial Statements Act.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation of Financial Statements that give a true and fair view inaccordancewiththeDanishFinancialStatementsAct,andforsuchinternalcontrolasManagementdetermines is necessary to enable the preparation of Financial Statements that are free from material misstatement,whetherduetofraudorerror.

Auditor’s ResponsibilityOur 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 intheFinancialStatements.Theproceduresselecteddependontheauditor’sjudgment,includingtheassessmentoftherisksofmaterialmisstatementoftheFinancialStatements,whetherduetofraudorerror.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttotheCompany’spreparation 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 theeffectiveness of the Company’s internal control. An audit also includes evaluating the appropriateness of accountingpoliciesusedandthereasonablenessofaccountingestimatesmadebyManagement,aswellas evaluating the overall presentation of the Financial Statements.

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforour audit opinion.

Theaudithasnotresultedinanyqualification.

OpinionInouropinion,theFinancialStatementsgiveatrueandfairviewofthefinancialpositionofAIESECDenmarkat30June2011andoftheresultsofAIESECDenmark’soperationsforthefinancialperiod1July 2009 - 30 June 2011 in accordance with the Danish Financial Statements Act.

Copenhagen,24February2012PricewaterhouseCoopersStatsautoriseretRevisionspartnerselskab


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