IE Foundation 2012 Report IE Foundation Report 2 / 3

IE Foundation Report contents 1. Board of Governors 5

2. Goals of the Foundation 6

3. Activities 9

3.1. Research activities

Centers 10

Observatories and Chairs 20

Research Projects 32

3.2. Support for training

Scholarships 39

Doctorate Program 41

3.3. Cultural outreach

Library 43

Publications 46

Sponsorships 52

3.4. Other projects and activities

• Relationship with partners and companies 59

• International positioning of the Foundation 60

•Promotion and marketing 63

4. Annual Accounts 64

5. Contributors and Donors 66

6. Talented Leaders Scholarship Program 86 IE Foundation Report 4 / 5

Introduction Satisfaction and deep gratitude

The IE Foundation is an IE body that pursues a range of activities for the benefit of its students and professors. It is only thanks to the support of our students, alumni and contributors, and the other sources of company and organizational financing we receive that we are able to continue with our work, which in 2012 has focused primarily on two areas: scholarships to train the very best national and international talent, and applied research as a means of contributing to economic and social progress. This year, we have sought to extend our acclaimed training to high-potential candidates who do not have the financial resources to study at the IE and to promote excellence in our research, which has become both an essential complement to our teaching work at IE and a useful means of furthering the activities of our sponsors. None of these activities, or indeed any of our other work, would be possible without the support of our students, alumni, contributors and institutional sponsors. For this reason, we hope that, above all else, this Report will be a testimony of our gratitude in what are by no means easy times. Our task as Foundation managers is essentially one of promotion and coordination. The true players in the initiatives we undertake are all of you who enable us to make them a reality. We are a socially-aware academic foundation and we work hard to give back to the student and business world in a way that is fitting with their generous contributions. We want to continue our work with new initiatives and projects and with this in mind, as well as expressing our thanks, we would like to take this opportunity to encourage all our contributors to continue supporting us.

Rafael Puyol Vice-President IE Foundation Fundation IE Governors

President: Diego del Alcázar

Vice-President: Rafael Puyol

Director: Margarita Velásquez

Secretary: Macarena Rosado

Governors Juan Miguel Antoñanzas María Aránzazu de Areilza Fernando Barnuevo Javier Benjumea Guillermo de la Dehesa Fernando Fontes Gonzalo Garland Santiago Íñiguez Alfonso Martínez de Irujo Salvador Nicolás Miguel Sagües Javier Solano IE Foundation Report 6 / 7

2. Goals of the Foundation The IE Foundation is an instrument of IE that enables students, teachers and administration & services personnel to further their educational, research and management activities. Priority is given to the training of and cultural outreach to all people and institutions that have ties with IE. Resources go to funding scholarships for students, grants for training and research for professors, and funds for updating and improving IE’s educational structure.

The Foundation operates throughout , but it also has an international presence throughout North and South America, Southeast Asia, the Middle East, Northern Africa and Europe. The IE Foundation is supported by the donations of both private individuals and companies and it is their support that enables it to contribute to the IE’s training, research and management activities. The Foundation also works with the IE in its fund-raising strategy, supporting it in its search for funding. In 2012, particular emphasis has been placed on research and on designing a new scholarship program for 2013. IE Foundation Report 8 / 9 3. Activities

CORPORATE DIVERSITYPROJECTS GOVERNANCE ISLAMIC ECONOMY AND FINANCE SCHOLARSHIPS INTERNATIONAL LIBRARY PEOPLE MANAGEMENT PARTNERS PUBLIC SECTOR INNOVATION CASH PUBLICATIONS MANAGEMENT PREMIUM AND PRESTIGE MARKET CENTERS COMMERCIAL CHAIRS RESEARCH LAW IE Foundation Report 10 / 11

3.1. Research activities Centers The IE Centers generate knowledge that is subsequently converted into applied research. The IE Foundation conducts pioneering research that is made possible thanks to the collaboration between the IE faculty, research scholarship holders and contributing organizations. DIVERSITY GLOBAL MANAGEMENT CENTER

ISLAMIC FINANCE CENTER

CORPORATE GOVERNANCE CENTER

INNOVATION OF THE PUBLIC SECTOR CENTER IE Foundation Report 12 / 13

Diversity Global Management Center 1. Training: The Center has continued with its training work in 2012, both IE Foundation supports the activities of the Diversity via Master’s programs and executive training in the fields of Center, which works to promote the management inter-cultural diversity, women in leadership and mentoring. of gender, cultural, age and skills diversity as a competitive advantage in the corporate world, via Executive mentoring in companies such as Roche, Barrié reflection, knowledge generation and the diffusion Foundation, and the Mexican company Proeza. of know-how. Gender equality course on International Relations Masters The Center’s objectives are essentially achieved via and LLMs. training, research and awareness-raising activities as well as activities designed to foster international debate. Its international activities include supporting women in different cultures with a view to improving their integration into the productive fabric.

2. Publications:

de Anca, C., Aragón, S., Gabaldón, P. (2013). Leadership in multi-identity contexts: A Mediterranean framework. In Stephan Gröschl (Eds.). Uncertainty, Diversity and The Common Good. ASHGATE / GOWER.

de Anca, C., (2012). Beyond Tribalism, Managing Identities in a Diverse World. London: Palgrave Macmillan.

Margarita Alonso (2012) Celia de Anca Best Inclusion Practices. Director Madrid Palgrave Macmillan.

Margarita Alonso (16 marzo 2012) Sobre el lenguaje: 2 +2 son 4 y metonimia, la parte por el todo. mujeresycia.com.

Margarita Alonso (13 noviembre 2012) Innovación frente a la naturaleza mirales.es.

Margarita Alonso LGBT@WORK sixth edition. 3. Projects: 4. Conferences: Research Project: Promoting plurality in the Mediterranean de Anca, Celia. Diversity, in times of crisis: The Spanish Business Environment. The basic aim of this project is to contribute to furthering plurality Sodexo, Diversity Conference. October 1, 2012, Madrid. and the effective incorporation of diversity into companies in the Mediterranean region. It involves 15 Spanish companies Gabaldon. P. and 15 Moroccan companies, including SMEs and large and The informal economy and women entrepreneurs in Spain: a multinational companies from both countries. times uses analysis, The project is supported by the Bertlesmann Foundation, the 4th World Business Ethics Forum (WBEF). Hong Kong. Hong Kong. Moroccan CGD Foundation, and the Moroccan CGD Development December 2012. Group. As part of this research, 4 focus groups were held in Spain in 2012 de Anca, C. Aragón. S. and Gabaldón, and another 4 were held in Morocco. Afterwards, with the help P. Plurality in Mediterranean Organizations, of a specifically-created Think Tank, a survey was drawn up and Fèz Forum, December 7-10, 2012. Fez. FEZ. sent to 200 Spanish and Moroccan executives. The research team is currently compiling the data collected and once they have de Anca, C, Gabaldon, P., Galdon, C. been approved by the think tank members, the results will be Media impact of board member appointments: A gender presented in 2013. perspective, Social Innovation for Competitiveness, For more information: Organizational Performance and Human Excellence. Rotterdam. http://centerfordiversity.ie.edu/home?lang=en June 6-8 2012.

Mentoring for female executives de Anca, C., Aragon, S., Galdon, C. Leadership in multi-identity contexts: A Mediterranean This IE Business School program was created as a professional framework, Leadership and Social responsibility; the changing development and mentoring tool. Its main aims are: roles of Corporate leaders. To provide professional support and mentoring during the Master’s ESSEC Academic Conference, April 20, Paris. program. To develop a model that would permit it to provide this kind of help. Margarita Alonso 6th EDITION OF THE LGBT@WORK - November 24, 2012. To develop professional development and monitoring tools.

50 female executives from IE Master’s programs and more than 60 de Anca, C., Gabaldon, P., GA, C. mentors participated in the mentoring program in 2012, the 5th The Media Impact of Board Member Appointments in Spanish- year in which it has run. Listed Companies: A Gender Perspective, EURAM 2012. Rotterdam. June 2012

Margarita Alonso, Conferencia IeOut & Friends with the cooperation of the student office.

Margarita Alonso, Fitur LGBT conference “LGBT diversity within the company. How? and why? IE Foundation Report 14 / 15

Islamic Finance Center 1. Publications and articles:

Publication of the book “Islamic Finance in Western Higher SCIEF is Europe’s leading center for Islamic Education” Developments and Prospects Economics and Finance. The Center was created in edited by Cristina Trullols, Ahmed Belouafi (IEI) y Abderrazak 2009. Its mission is to act as a hub for the research, Belabes (KAU). teaching, application and promotion of Islamic economics and finance amongst Spanish and Celia de Anca international businesses, governments and future Social Impact Finance. leaders. Khaleej Times, Dubai - Junio 2012. The Center leverages the experience of its partners: The Islamic Economics Institute - King Abdulaziz Celia de Anca Why Islamic Finance is important for MBAs? University, IE Business School and the Chair for The independent UK - Agosto 2012. Ethics and Financial Norms (CEFN) of the University of Paris-Sorbonne. Its activities range from the Alfredo Cabellos & Celia de Anca development of teaching materials and the Finanzas Islámicas, viables en occidente? production of publications, to executive training Ejecutivo Día, México - Abril 2012-12-20. on current issues in the field of Islamic finance, and raising awareness of Islamic finance and the future Celia de Anca of alternative business financing via the series of Islamic Finance Svoy Business is Russia’s leading corporate publications produced by our think tank. magazine October.

Celia de Anca Director 2. Conferences and exchanges: 3. Communication and international awareness: gnacio de la Torre and Celia de Anca gave a conference on Islamic Maintenance of the SCIEF website, www.scief.es Finance at the KAU Faculty in February 2012. Publication of the second volume of the 2012 Newsletter in b) Professor Usman Hayat and Celia de Anca gave a conference on December. Islamic Finance entitled “The business and the moral case for current and future business leaders” November 2012. c) Social Impact Forum. This was held in Madrid on October 15, and 4. Research: consisted of 3 different initiatives: Cristina Trullols, Jonathan Langton and Celia de Anca, Islamic What is out there Competition - a global competition in which more Finance a multimedia Case study IE DF2-216-I-M Mayo 2012. than 10,000 young people participated, sharing their visions and initiatives with Social Impact in the form of short videos. 21 videos were selected by popular vote and a panel of international judges narrowed the selection down to 11. The 11 semi-finalists were invited 5. Programs: to attend the conference, where 3 winners were finally selected. Youth Immersion week - An initiative that sent 7 students to Saudi Think Tank - Participants were divided into 3 working groups in order Arabia for a week to visit the King Abdulaziz University, where they to generate a subsequent debate. gained an insight into the cultural context of Islamic Finance and • Ethical Banking - moderated by Mar Escánez and Miguel Ganzo. got to experience it first-hand on visits to various financial and • Islamic Banking - moderated by Olivia Orozco and Dr. Raja government institutions. Almarzoqui. • No-Banking Alternatives - moderated by Jon Axtell and Franco Llobrera. Social Impact Forum Conference - Michael Looft opened the conference, which was attended by participants from all over the world. It included a presentation by Ignacio de la Torre, entitled “The Future Finance” and ended with the prize-giving ceremony for the 3 winners of the video competition. IE Foundation Report 16 / 17

Corporate Governance Center 1. Research:

The IE Foundation’s Corporate Governance Center The German Corporate Governance System and the EC aims to act as a benchmark for issuers, investors Green Paper and regulators in matters of corporate governance, Author: Pablo Hafner. corporate responsibility and corporate reputation. Guided by the principles of publicity, transparency, The reform of the legal framework for director remuneration in listed companies: the annual director and academic freedom and freedom of opinion, its senior executive remuneration report activities are as follows: Author: Antonio Roncero Sánchez. • Critical analysis of practices and recommendations. A Amending COSO I. Analysis of the draft Amended Internal Control Framework • Public discussion of ideas and proposals. Authors: Ramón Abella Rubio, Joaquín Guerola Sánchez y • Dissemination of trends. Ana Cendón Cubero.

• Promotion of knowledge. Sole or shared leadership? Overlapping or separation of the functions of Chairman and CEO and the impact thereof on • Research and teaching. the profitability of listed companies The Center’s activities are intended to be public Authors: Cristina Cruz Serrano, Laura Núñez Letarmendia. and its main focus is on listed companies

1. Research: El sistema alemán de Gobierno Corporativo y el Libro Verde de la C.E. (The German Corporate Governance System and the EC Green Paper) Author: Pablo Hafner. La reforma del régimen legal sobre la retribución de los Administradores de las sociedades cotizadas: el informe Anual de Tomás Garicano retribuciones de los Consejeros y Altos Directivos (The reform of the Director legal framework for director remuneration in listed companies: the annual director and senior executive remuneration report). Author: Antonio Roncero Sánchez. Actualización de COSO I. Análisis del borrador del Marco de Control Interno Actualizado. (Amending COSO I. Analysis of the draft Amended Internal Control Framework) Authors: Ramón Abella Rubio, Joaquín Guerola Sánchez and Ana Cendón Cubero. ¿Liderazgo único o compartido? La coincidencia o separación de la figura de Presidente y de Consejero Delegado y su impacto sobre la rentabilidad de las sociedades cotizadas (Sole or shared leadership? Overlapping or separation of the functions of Chairman and CEO and the impact thereof on the profitability of listed companies). Authors: Cristina Cruz Serrano, Laura Núñez Letarmendia. 2. Seminars, round tables and conferences:

New challenges in Corporate Governance. Held in March 2012.

Board of Director evaluations, succession plans and remuneration policies. Held in July 2012.

IV Corporate Governance Conference. Held in October 2012. IE Foundation Report 18 / 19

Innovation of the Public Sector Center 1. Training:

The main aim of the Innovation of the Public Sector The Center’s mission is to promote learning among senior officers and managers of the public sector with a view to Center is to contribute to the transformation of Spain’s improving how institutions, and thus society as a whole, public administrations. With this in mind, it works to create operate. and disseminate awareness of the need to modernize the institutions that comprise them. The Center has become a benchmark in this matter, thanks to its work in Executive Master in Public Administration (EXMGP) three different areas: training, research and knowledge dissemination. The 6th Executive Master in Public Administration ran from October 2011 to June 2012, with 20 students from various public and private administrations and institutions. In February 2012, Isabel Linares replaced Julio Gómez Pomar as the Center’s Director. This change in the management and academic team has marked the Course at the Real Colegio Complutense at Harvard commencement of a new phase in terms of the Center’s focus and activities. The Innovation of the Public Sector Center also helped to manage the fourth Creating Public Value: Challenges for Management and Public Policy seminar, which took place at the Real Colegio Complutense at Harvard from July 23-27, as part of the International Academic Program. The ten best- performing students on the EXMGP received scholarships to attend this course from the Public Sector Innovation Center.

Executive Program in Public Leadership 2012 also saw the design of the Executive Program in Public Leadership, a course aimed at senior managers of both the Public Administrations and the private sector. The commercial Isabel Linares brochure for this course was released at the end of November Director and the enrolment period was opened. 2. Dissemination: 3. Research:

The Foundation disseminates the knowledge generated by the The Center researches and develops content for the modernization Center or by other authoritative sources on the subject via a range of the Public Administrations, which it subsequently disseminates of media relations and events. and makes available to the public.

Public Leadership Forum. Breakfast meeting with Luisa Fernanda Local Authority Reform: Rudi, President of the Aragon Regional Government (Zaragoza, The future role of provincial governments. February 22, 2012). Based on a survey of provincial governments and city and town councils regarding the new institutional model provided for in the Conference: The Transformation of the Public Administration. Local Authority Reform (prepared and drafted in the last quarter (June 26, 2012). of 2012).

Presentation of Jordi Sevilla’s book La Economía en dos tardes, Reform of the Public Administrations. Research based on the (November 5, 2012). ideas and work of students on the Executive Master in Public Administration. This project began in 2012 and is still in progress. Executive Master in Public Administration Alumni Reunion. (November 15, 2012). Reunion for former students of the EXMGP. Conference on the reform of the Administration by Gabriel Elorriaga, member of the Spanish Parliament and chairman of the 4. Other activities: Public Finance and Administrations Committee. Development of the Center’s website. Design, launch and Cities of Opportunity, Madrid city of opportunity. (December updating of the Innovation of the Public Sector Center’s new 12, 2012). Presentation of the PwC Cities of Opportunities report, website. A site housed on the IE Business School website containing with the participation of Ana Botella, Mayoress of Madrid. information regarding academic content, news, publications and blogs by contributors. Conference: Strategic Challenges in ’s Transport and Logistics Industry. (Seville, September 27, 2012). Conference International relations. Meeting with a group of students from the organized by PwC and Andalucía Económica with the participation program for public sector professionals run by SEBRAE, the Brazilian of Isabel Linares, as General Manager of the IPSC. Moderation of Micro-Enterprise and Small Business Support Service. Madrid, June a round table with leading experts in the transport and logistics 15, 2012 industry. IE Foundation Report 20 / 21

3.1. Research activities Observatories and chairs

Our Chairs and Observatories conduct research and disseminate knowledge in a range of subject areas including leadership, ethics, law and communication. All Chairs must have a clear practical application and be backed by sponsors. Examples include the José María Cervelló Chair, the Cash Management Chair and the Business Ethics Chair, among others. OBSERVATORY FOR THE PREMIUM AND PRESTIGE MARKET

HUMAN RESOURCES MANAGEMENT CHAIR

CASH MANAGEMENT CHAIR

PÉREZ-LLORCA COMMERCIAL LAW CHAIR

JOSÉ MARÍA CERVELLÓ CHAIR IE Foundation Report 22 / 23

Observatory for the Premium and 1. Sponsors and other contributors: Prestige Market: The Observatory’s main partner is MasterCard, and it has also established a committee of experts including Círculo Fortuny The Observatory for the Premium and Prestige and Claudia D’Arpizzio (a partner of Bain) with which to discuss Products Market has been created with the aim of its various lines of research. increasing our understanding of the premium and The Observatory has also created links with CondéNast (the luxury products industry and its consumers. Its owner of magazines such as Vogue, Vanity Fair, Glamour, initial focus is on the Spanish market, although this etc.) for the purposes of promoting its studies and surveys focus will be extended in due course to cover the among the group’s readers, and it has signed an agreement international markets. In an initial phase, the study with Banesto via which the bank supports its research into aims to establish who the premium and luxury consumer patterns in this market by providing access to its product consumers are, as well as how much they customer data. purchase, and how they do so; it will then go on to address other issues with a view to gaining a comprehensive understanding of the sector.

Mª Eugenia Girón Directora 2. Lines of research: The Observatory is currently conducting 3 main lines of research. Their objectives are:

• To gain an understanding of the decision-making process and behavior of premium and luxury consumers. With this aim in mind and thanks to the support of the readers of the CondéNast Group, we have access to a sample of interested and informed consumers as well as potential purchasers of premium and luxury products and services. Two research projects were conducted in this connection in 2012. The purpose of the first was to gain an understanding of consumers’ behavior and attitudes towards premium and luxury products while the second focused on analyzing the importance of online channels to decision-making and purchasing in this sector. The Observatory is currently considering the possibility of conducting this kind of research in the UK, Mexico and Russia, also in conjunction with CondeNast.

• To establish the income and wealth profiles of premium and luxury product consumers in Spain. One of the objectives of this research was to enable the segmenting of the sample into luxury and premium consumption.

• To identify the aspects that consumers of premium and luxury products from a range of industries consider to be defining factors in a “Memorable Experience” and ascertain how leading companies in this area manage these key factors. This research is being conducted in two phases: an initial phase for the compilation of existing knowledge in this regard, followed by in-depth interviews with experts from different sectors and online interviews with the CondeNast network. Over the last year, the Observatory has carried out the following activities: - February: Research: Report on the size and growth of the personal luxury market in Spain. Dissemination: Round table - May: Dissemination: Round table: Premium products and brands in unexpected categories. - October: Research: Report on the digital behavior of premium and luxury product consumers for which almost 2000 readers of CondéNast publications were surveyed. Dissemination: Round table: Luxury surrenders to the internet. IE Foundation Report 24 / 25

Human Resources Management Chair 1. Professional development projects for the HR departments of the group’s chains: Join HR News weekly newsletter: Weekly preparation and The IE-Inditex Human Resources Chair was created mailing of a selection of the week’s most interesting news with the principal objective of promoting innovation articles on the fashion industry, human resources and other and ongoing improvement in the Inditext Group’s issues that may be of interest to the sector. This Newsletter HR practices. This is achieved via applied research is sent to all of Inditex’s HR personnel, both in Spain and and knowledge transfer projects, studies on the internationally. state of the art and the creation of interdisciplinary Professional development and knowledge transfer sessions. working groups on current issues in the field of human Presentations to corporate supervisors and chain managers resources management in the fashion industry. The analyzing the current situation of a range of HR policies with close cooperation between the academic environment a view to promoting reflection and generating ideas that will and professional practice in the company leads to the lead to the implementation of innovative HR practices within design of specific HR practices that are implemented the Group. within the group’s companies and become best practices for other companies in the industry. The projects and programs run by the Chair throughout the year include:

Cristina Simón Director 2. Documentation Projects: 3. Applied research: Review and selection of centers and sources of information Analysis of human resources predictors of shop productivity: regarding human resources in the retail and fashion industry: Study on the main shop productivity parameters based on the Job seekers - websites specializing in retail, fashion and luxury. analysis of employee, HR practices and working processes variables: Employment websites and portals specializing in fashion chains, as well as online sites that can act as a source of documentation • Preparation of an integrated database of historic records that and news. includes individual characteristics of employees and different shop-level parameters. Academic and professional journals that focus on people management issues in the fashion industry. • Quantitative analyses on the basis of issues that are relevant to Retail and fashion associations - compilation of fashion associations the Inditex HR function. and platforms that could be relevant from the viewpoint of market, • Sharing and discussion of the results with the supervisory team, competition and Human Resources. and the preparation of a set of proposals for action on the basis of this exchange.

Analysis of employee variables for the purposes of in-shop talent identification:

Analysis of demographic and human capital variables of shop staff with a view to identifying different segments of talent in which to apply a range of HR development practices.

• Preparation of a database of individual employee characteristics compiled in advance via a questionnaire sent to all stores.

• Statistical analyses using a range of grouping and linear regression techniques.

• Sharing and discussion of results with project supervisors. IE Foundation Report 26 / 27

Cash Management Chair 1. Sponsors: The aim of the Cash Management Chair is to equip com- Choice Group: Consulting and information systems com- pany finance executives with instruments, practical meth- pany specializing, among other things, in Cash Management ods and tools and relevant information that they can use issues. in dealings with their customers, suppliers and banks and Crédito y Caución/Iberinform: Two of the main players in which will help them in the pursuit of their daily work. the fields of credit insurance and company analysis. This Chair is made up of 3 observatories: Bank Negotia- tion, Credit Risk, and Expenses Management. Lowendalmasaï: A multinational company specializing in all aspects of expense management and optimization, as well as in collection cycle management. (Lowendalmasaï has replaced Aquanima, which, after working with the Chair for two years, was no longer able to allocate a sufficient team for the cooperation project).

Multigestión: A Spanish company that is part of a multi- national German-based group. With a long tradition in the world of recovery, Multigestión will offer a fresh vision of recovery in the current crisis.

Irwin Mitchell: An international law firm with branches in Spain that Gonzalo Quiroga, a contributor to the Chair, has recently joined. The firm is to begin sponsoring the Chair in April/May, at the beginning of its new financial year and budget.

2. Contributing entities:

2012 has seen the incorporation of a new concept within the Chair: that of contributing entities. Their involvement Francisco López will be more limited, localized and project-specific than that Berrocal of sponsors. The first contributing entity to partner with us Director is Caja Laboral and we hope that it will be followed shortly by other entities from the world of financing so that we can launch the Meeting Forum, a meeting place for investors and consolidated companies that are struggling to renew their lines of financing. 3. Observatories: 6. Events and activities held in 2012:

One of the Chair’s objectives is the creation of three Observatories Presentation of the 3rd Study on Credit Risk Management with the purpose of assessing the current climate and helping in Spain: companies in their day-to-day management. The Study’s conclusions are more pessimistic than those of the previous study, confirming a real decline in company payments, Credit Risk Observatory: This Observatory produces the “Man- and revealing the limited success of Law 15/2010 against Late agement of Credit Risk in Spain Study”, now in its 4th edition. Payments. Bank Relations Observatory: Tools and methods for facilitating Presentation of the 4th Study on Credit Risk Management company-bank relations. The first two “Meetings with the Bank” in Spain: have already been held, with Banco Sabadell and Caja Laboral. Close monitoring of the customer credit situation. The 4th study Expense Management Observatory: With the incorporation of shows continuity with respect to the values presented in the Lowendalmasai and the “Managing the volatility of raw materials previous study, with a slight deterioration, and that the impact and their impact on business income” event. of late-payments and insolvencies continues to be high.

1st Meeting with the Bank (Banco Sabadell): An encounter at which Banco de Sabadell, a financial institution 4.Website and blog: operating in the world of company financing, presented the keys CashBlog: This blog is in the process of being set up, and will be to its expansion and products, as well as the type of customers coordinated with a LinkedIn group created specifically to cover that it focusses on. cash management issues. 2nd Meeting with the Bank (Caja Laboral): The IE Cash Management LinkedIn Group: This was created in An encounter at which Caja Laboral explained the elements that the last quarter of 2012. differentiate it from other financial institutions, and its policy of company financing, traditionally the main business line of 5. Regular activities: this bank that was created with strong links to the Mondragón Credit Risk Observatory: corporation. • Preparation and presentation of the Credit Risk Management 1st Evenvpenses Management Observatory: in Spain study. (quarterly) On managing the volatility of raw materials and the impact of • Coordination and management of the Credit Management such volatility on business profits, in collaboration with Brembo seminar and Lear Corporation. Bank Relations Observatory: The following regular activities are planned following the launch of the subscription area on the Web: • Updating of the Bank Files available to subscribers with enti- ties’ quarterly close data. • Holding of three or four encounters with financial institu- tions to hear about the reality of the situation regarding bank- company relations. IE Foundation Report 28 / 29

Pérez-Llorca Commercial Law Chair:

The PEREZ LLORCA/ IE Commercial Law Chair was created in 2010. Its aim is to generate applied research into commercial law at the highest level and disseminate its research to law firms, companies and law schools, all via the combined work and activities of IE Law School and PEREZ-LLORCA.

Soledad Atienza Director To this end, the Chair has run a number of seminars, research and communication activities throughout 2012:

• “Solvency II” seminar, held in conjunction with the IE’s Center for European Studies, on May 9, 2012. Speakers: Francisco Sola, State insurance inspector, representative of the Directorate General of Insurance and Pensions Funds to the European Commission and Manuel Romera, Director of IE Business School’s Finance Sector. Moderator: Francisco León, Professor of Commercial Law at the University of and Of counsel at PEREZ-LLORCA.

• “Liberalization of the transport and infrastructure industry” seminar, June 25, 2012. Speakers: Rafael Catalá, State Secretary for Infrastructure, Transport and Housing, and Victor Torre de Silva, professor of the IE Law School. Moderator: José Pedro Pérez-Llorca, Founding Partner at PEREZ-LLORCA.

• “Procedures for the restructuring and resolution of credit institutions. Asset management companies” seminar, November 29, 2012. Speakers: Miguel Temboury, Subsecretary of the Ministry for Economy and Competitiveness, Alfonso Cárcamo, Director of Legal Advice of the Spanish Fund for the Orderly Restructuring of the Banking Sector (FROB) and Rafael Pampillón, professor at IE Business School. Moderator: Pedro Pérez-Llorca, Managing Partner at PEREZ- LLORCA. IE Foundation Report 30 / 31

José María Cervelló Chair

The José María Cervelló Chair funds scholarships to the Within these three areas, the Chair’s specific activities IE Law School’s tax and legal programs for students include: the annual JMC award on a current legal issue. with excellent academic records who would not - Conferences, seminars and debates on legal research and otherwise have the financial resources to access IE. developments. The Chair’s activity in the pursuit of its mission is three- - Strategy and events carried out as part of the Consultancy fold: Policy course. • Teaching: of the Consultancy Policy course • Research - Regular publications in the national and international legal press. • Diffusion and dissemination - Program for donations and contributions to the Chair. - Follow-up of scholarship holders and the winners of prizes awarded by the Chair. - Research activities such as Cevelló Independent Study with IE Law School students.

The Chair’s activities in 2012 were as follows: • January 2012 Announcement of the prize jury and holding of a breakfast with them to discuss the bases for the next prize, the VI José María Cervelló and Gutiérrez de la Roza Award. The Chair organized a breakfast to explain to all of the jury Pilar Galeote members the procedure for deciding and awarding the prize. Director • February 2012 Diffusion and tutoring of four Independent Study projects with four students from the Masters in Legal Advisory. In the elective period, the students of this program can opt to complete a Cervelló Independent Study project rather than studying a core elective plus two electives. This project consists of a three-month guided research project into a subject of commercial or administrative law. The student presents the resulting project to a panel of judges and the Cervelló Chair. The tutors for the Cervelló Independent Study project offer their assistance free of charge with a view to furthering research in the Cervelló Chair. The following tutors have participated in Cervelló Independent Study project during the last academic year: Juan José Torres, Juan Carlos Olarra, Pedro Rodríguez Rodero, Lucía Calvo, Pilar Galeote and Federico Roig. Collection of donations from teachers and Alumni. • A number of events took place between June and October 2012. including the judges’ deliberation of the VI José María Cervelló Award, the announcement of the JOSÉ MARÍA CERVELLÓ Teaching: SPECIAL TRIBUTE AWARD, the judges’ deliberation of the Cervelló Tribute Award, the announcement of the VII Cervelló Mediation 50 sessions on Consultancy policy taught as part of the Master in Award. Legal Advisory, Master in Financial Advisory-PwC, Master of Laws, and Part-Time Master in Legal Advisory programs. • November 2012 Conference for the Awarding of the José María Cervelló Tribute Award, by Eduardo Serra. Research: Articles by Pilar Galeote and other contributors to the Chair, The Chair has held and planned various activities over the year to published in different media and available at http://catedracervello. help it achieve its mission. These include: ie.edu. Diffusion and dissemination of the Chair: • Presentation of the book “China: Negociación e inversión extranjera. Joint Ventures e implicaciones jurídicas” (China: - An average of three to four publications per week in the Chair’s negotiation and foreign investment. Joint Ventures and their legal blog. http://cervello.blogs.ie.edu implications) in the IE’s main lecture theater. - Announcement and diffusion of the VII José María Cervelló Award. - Publication and mailing of a three-page leaflet. 11 June 2012 - Diffusion via various media: Diario La Ley, Expansión Jurídico, • Working papers by the Chair. Revista Abogacía del Estado, website of the Madrid Bar Association, etc. • Publication of a paper entitled “Análisis y crítica de las correcciones disciplinarias a abogados previstas en la LOPJ” (Analysis and - Continuation of the donations program with alumni, professors critique of lawyer disciplinary measures applicable to lawyers and Cervelló scholarship holders. under the Judiciary Act), by Pablo Azaustre, on December 22, 2012. - Articles on Hispanic-Chinese relations published in Latin American • Publications in progress. media (Revista Estrategia and Diario Milenium México) by Pilar Galeote, as Director of the Chair. • Cervelló Independent Study. - Publication of Cervelló Papers. - Conference by Eduardo Serra in the IE’s main lecture theater, Other: November 21, 2012. • Professor, alumni and Cervelló scholarship holder donations program. • Cervelló Independent Study. IE Foundation Report 32 / 33

3.1. Research activities Research project The Foundation’s projects and initiatives contribute to research and the diffusion of knowledge. Their duration depends on the specific needs of the sponsor and their scope. The Foundation’s research mainly takes the form of applied research projects for private companies and/or ministries. RESEARCH PROJECTS

APPLIED RESEARCH PROJECTS IE Foundation Report 34 / 35

Research projects Work Systems & Career Advancement (WSCA) Marie Curie International Reintegration Grant. A research In 2012, the Foundation continued with the project into decisive elements in the advancement of executives’ research programs and related activities careers within the scope of European and US organizations. listed below. Specifically, this project looked into how decentralized working systems in which organizational decisions are taken by staff at The main research projects underway at the lower levels of the hierarchy have transformed the traditional Instituto de Empresa Foundation during 2012 bureaucratic system of professional career advancement within are as follows: organizations. This grant was awarded to Professor Rocío Bonet Loscertales as part of the People Program within the EU’s Seventh Framework Programme.

Entrepreneurial orientation and innovation: information, flexibility and markets This project is part of a framework project being conducted by various universities in the to study entrepreneurial activity, innovation and market flexibility in the region. The Instituto de Empresa Foundation is studying innovation in the company creation process. The project is directed by IE professor Salvador Carmona Moreno and financed by the Department of Education of the Autonomous Community of Madrid. Strategy, entrepreneurship and value creation The role of leadership in the effective implementation This project seeks to analyze the key decisions in a business strategy of flexible employment practices as a result of the search for new ways to create value for society. A management perspective. The effective use of flexibility policies in Based on a core theory of the analysis of value creation, it studies four organizations improves employee well-being and fosters sustainable types of strategic decisions: options for differentiation, diversification corporate development. However, lack of executive cooperation towards new business activities, corporate social responsibility and commitment is widely recognized as one of the greatest and corporate entrepreneurship. The project uses the empirical impediments to the effective implementation of these flexibility analysis of these strategic decisions and how they relate to the policies. Previous studies have analyzed how the implementation management of a company’s organizational constraints—in contrast of flexible working hours or teleworking can contribute to a to economic theories based on transaction cost optimization—in better work-life balance and help companies to retain talent and order to understand corporate existence and strategy. It is directed reduce costs. This study introduces a new perspective, according by IE professor Manuel Becerra Biagorri and financed by the Ministry to which executives play a fundamental role as catalysts in the of Science and Innovation. implementation and use of flexibility policies. Within the theoretical framework of the Contingency Theory, a longitudinal study is proposed in which data regarding corporate flexibility policies, employee well-being, organizational performance and leadership styles of senior executives and middle management are collected. The study aims to provide companies with practical knowledge on leadership styles that will facilitate the adoption and effective use of new flexibility policies. The project is directed by professor Margarita Mayo Cuéllar and is financed by the Ministry of Science and Innovation. IE Foundation Report 36 / 37

Applied research projects The following applied research projects were underway at the Instituto de Empresa Foundation in 2012:

Iproving health care processes in the health care Development of an analytical marketing perfor- industry mance model (McCann):

An applied research project that seeks to identify inefficient An applied research project that seeks to develop a standardized practices in the care of patients suffering from a specific pathology analytical marketing performance model that permits the (acute coronary syndrome) with the ultimate aim of defining an measuring system to be applied generically and standardizes improved process and method that can be applied to the object the process to adjust models to specific industries or individual of study and which, in turn, can be replicated in other hospitals businesses. The project is directed by Martin Boehm. and patient care services. The project entered its final phase in 2012. It was carried out in conjunction with Hospital Clínico and was sponsored by AstraZeneca. The project is directed by Fabrizio Salvador. The economic impact of the liberalization of trading hours:

Research into the “economic impact of the liberalization of trading hours”, which was designed to help provide relevant and conclusive information about the consequences of liberalizing trading hours. The project is directed by Dr. Fernando Fernández Méndez de Andés, with the participation of the following professors: Carlos Poza from the Antonio de Nebrija University, Lluís Bru and Eduard Alonso Paulí, from the University of the Balearic Islands, Mª Dolores Rodríguez Mejías, from the University of Las Palmas de Gran Canaria, Agustín Rovira Lara, from the , Fernando Álvarez Gómez, from the Open University of , and Joaquín Aurioles Martín, from the University of Malaga.

The results of the research were published in a book that was presented in Madrid (for the general study) and in the five Autonomous Communities in which specific studies were conducted.

IE Foundation Report 38 / 39

3.2. Support for training

A total of 961 scholarships were awarded in 2012 Scholarships General Scholarships Fund • BMW PhD scholarship: This scholarship was created in conjunction with BMW Group Munich - Germany, for an The IE Foundation allocates special resources and efforts IE doctorate student. BMW is funding the student and his to the grant and financing of excellence scholarships for tutor for a period of three years, providing assistance with less privileged groups that have an outstanding academic the dissertation work, and facilitating the student’s temporary record and/or a personal and professional background that is research at its facilities. The project is directed by Professor particularly worthy of recognition, and who show leadership Daniel Corsten. qualities and a potential to have an impact on society. In doing so, it gives them access the top-level international Degree, Post-graduate and Doctorate training on offer at IE. In order to provide these scholarships, the IE Foundation relies on the support of students, former students and other members of, or people connected with, the IE community, as well as that of other foundations, companies and public and private institutions, both national and foreign. Via their donations, each of these groups make a significant contribution to the achievement of this aim. 2012 saw the creation of a range of different donor options and levels. Donors may be either individuals or companies that wish to contribute altruistically to supporting the excellence scholarships program. Specifically, the IE Foundation currently offers two different ways to support the program. 1. A contribution to the Corporate Scholarships Fund for Excellence, a fund managed and administered by the IE Foundation that receives resources from a range of sources. 2. Allocation and grant of a scholarship designed by mutual agreement between the IE Foundation and the donor or group of donors, as the case may be, that wishes/wish to support a specific group.

• Pullmantur scholarship: In July 2012, Pullmantur, Spain’s leading cruise company signed an agreement with the IE Foundation to become a donor of the Corporate Scholarship Fund for Excellence promoted by the Foundation. This program provides young, talented professionals with financial assistance to access top-level training at an institution that is positioned at the very top of the academic scale, thanks to the support of one of Spain’s leading tourism companies. IE Foundation Report 40 / 41

The Instituto de Empresa Foundation manages the IE Higher Education Institution’s Scholarships Fund. For this purpose, it has signed agreements with Institutions and Universities all over the world, the most noteworthy of which are:

AIESEC Alemania Everis QS Grand Tour Azerbaijan State Economic ELSA The International Honour Free University University AGM Sports Society Beta Gama Scuola Superiore d’Avvocatura Society of Engineers (SOE) Fundapec Sigma Özyegin University e-fellows.net Esomar AIESEC Canada UKTI The City UK Edron AIESEC Hong Kong IDC Turkish Education Pérez Llorca Uría y Menéndez Unidad de Conocimiento AIESEC United Kingdom Cuatrecasas Golden Key Empresarial Aseshi University Instituto Ling Baskent ICETEX AIESEC Russia Olinca OEA Al Yamamah AIESEC Italy Pearson College UWC 85 Broads BID AIESEC Germany Deloitte Israel Universidad Francisco Euruni Bahcesehir College of Management Israel Marroquín Aringo Instituto Ling TSK Blue Steps Intermón Oxfam Society of Engineers (SOE) Tobb Etu McKinsey_Egypt AIESEC Austria IEEE Women in Engineering Fundación Carolina

A total of 961 scholarships were awarded in 2012

Of which 130 went to new students on Master’s programs and 831 to students on degree programs (33% to Spanish students and 67% to foreign students).

The Instituto de Empresa Foundation also has an agreement with the Fullbright Commission under which scholarships are awarded to US students who come to IE to complete post-graduate programs.

The Foundation also works with the European Professional Women’s Network to facilitate the participation of women in various programs taught at IE. Doctorate Program IE Business School has two doctorate programs: The PhD and the DBA. The PhD program is a full-time program designed for students who wish to pursue a career in the academic world. The DBA (Doctor in Business Administration) is a part-time mixed program for senior executives who wish to combine their professional careers with part-time teaching and research.

The IE Business School also runs a “PhD Program in Management” which lasts for 4 years and accepts a maximum of 10 students per year. The first two years focus on training and the last two on supervised research and the preparation of the PhD thesis. This is a top-quality program that is gaining a solid reputation in the field of research.

IE Foundation Report 42 / 43

3.3. Cultural outreach

The IE Foundation invests in library equipment and facilities as well as in digital resources and journals.

INSTITUTO DE EMPRESA FOUNDATION LIBRARY

PUBLICATIONS

SPONSORSHIPS INSTITUTO DE EMPRESA FOUNDATION LIBRARY The IE Business School Library works to satisfy the educational and research requirements of the academic community that its serves, contributing to the knowledge-creation process through access to and diffusion of services and resources.

The IE Business School Library aims to establish itself as a key element of the teaching and research function of the academic community that it serves. To this end, it remains true to its vocation to serve its community at all times, thereby helping the IE to fulfill the mission conferred upon it by the European Higher Education Area, contributing to the quest for excellence, and furthering innovation and knowledge diffusion.

In 2012, the IE Business School Library has made a significant effort to improve the services it offers to its users, with a greater emphasis on the adaptation of its services to new technologies, the development of its collections in the different fields of knowledge and cooperation and alliances with a number of institutions throughout the world.

The IE Business School Library is used by: researchers, internal professors, associate and visiting professors, students on all programs, administration and service personnel, associated alumni, The Benchmarking Club, professional careers and staff attached to the IE. IE Foundation Report 44 / 45

Technologies

Standardization of the records stored on the current system: The IE Business School Library is equipped with mobile devices: Inmagic, using the MARC-21 format. In principle, this makes it iPads and tablets are available to users in the library. possible to convert the library’s printed and electronic resources - Quick Response barcode. A bar code that grants direct access to into services that are accessible worldwide, much the same as with the website that the library has developed and implemented for LibraryThing or WorldCat, thereby notably increasing the library’s mobile devices (widely used on smartphones). The code can be visibility on the web environment and providing more intuitive scanned via notices on display in the library or via the following access to information. website: http://library.ie.edu. System implementation: Worldshare Management System (WMS) - Creation of a library profile on the horizontal social networking produced by the company OCLC, which makes it possible to unify site Twitter, with a view to increasing personalized attention, and the administration, cataloging and control of the electronic and increasing the web visibility of the library’s brand. printed resources of both libraries. - Creation of a library profile on the social networking tool Pinterest. With this new service, the library aims to offer its users more intuitive access to its traditional services, thanks to the inclusion of social functions: sharing, labeling, etc. The profile is divided into boards or working environments, where the library pins pictures of its new purchases. - Initial analysis of the project for the Measurement of the Web - Creation of a promotional video on the IE Library. Visibility of the Services managed by the library. The aim of this project is to collect video via the web services managed by the library. data on indicators relating to the library’s web services and the - Increase in the effectiveness of electronic resources usage through return on the investment and costs generated by such indicators, the increased use of the NTR Support tool, which can resolve any with the ultimate objective of justifying the maintenance of the information requirement visually online. This application is used IE library brand via the web services that it manages. to train users remotely and has been ranked highly by end users. - Selective Dissemination of Information Service. Using the - Remote access to electronic resources for Company Creation application developed and managed by the library, professors tutors. and/or researchers can access the full text of information referred to in the new electronic resources alerts requested by them. Users - Ebook platforms that permit users to access more information. must request such alerts by email. Once these alerts are set up, Examples: ebooks Collection (Ebscohost), ebrary. These platforms the user receives a personalized email listing a summary of the also offer ebook acquisition and loan services, that users can relevant sections, so that he/she can access the full text of any of manage personally. the sections, provided that the library subscribes to the requested resource. If the library does not subscribe to the relevant resources, the user can copy any entry on the summary and email it to the library, which will manage the requirement via the Inter-library loans service. IE Foundation Report 46 / 47

PUBLICATIONS One of the most important strategic lines established by the IE Foundation is a firm commitment to the creation of new knowledge and support for the IE’s teaching and research faculty. With this in mind, the Foundation has developed a new Publications Program with a focus on Applied Research, for the transfer of knowledge to the productive sector and society in general: the “IE Foundation Advanced Series on Problem-Driven Research”.

IE Foundation Advanced Series on Problem-Driven Research

In 2012, as part of another of the Foundation’s priority strategic lines— namely, a firm commitment to creating new knowledge and supporting the Instituto de Empresa’s teaching and research faculty—it has designed a new Publications Program with a focus on Applied Research, for the transfer of knowledge to the productive sector and to society in general: the “IE Foundation Advanced Series on Problem-Driven Research”. Aims: - To reconcile support for research with the transfer of The Instituto de Empresa Foundation envisages two types knowledge to the productive sector and society in of actions via which to disseminate these Publications and general, thereby maintaining a permanent connection promote them as channels for the exchange of knowledge: between applied research—in the form of the intellectual - The organization of reflection sessions for the presentation contributions of teachers and researchers—, and the of each publication. business, legal and institutional environment. - Access to publications via the Foundation website. - To foster debate, academic discussion, cooperation and the exchange of this knowledge with the different players in the This ambitious program has been created with a long- productive and institutional sectors. term focus and with the aim of becoming a benchmark for excellence in applied research. It is also clearly translational in - To encompass fields of research and areas of interest in its approach, as is reflected by the possibility of publications which the academic interest coincides with the search for including contributions by practitioners and experts in the scientific answers, practical ideas, innovative proposals different fields of knowledge in question. and relevant contributions that help to address some of the challenges facing the productive sector or society as a Institutional and corporate contribution to the Program may whole. take two forms: - Economic support, consisting of a donation to the Instituto de Empresa Foundation’s progam. The contents of these publications, which are organized into collections by research fields and published in digital format - Support for the creation and dissemination of knowledge for the purposes of greater diffusion, will be disseminated in about these industries, via the contributions of experts the academic, business and institutional environments, both from these entities to the collection’s publications and their public and private. participation in the reflection sessions. IE Foundation Report 48 / 49 In 2012 the IE Foundation and Ernst & Young launched the “Consumer Goods & Retail” series as part of the IE Foundation’s Advance Series On Problem-Driven Research program. This series consists of four publications, two of which were produced in 2012:

El sector Retail como motor de cambio hacia la sostenibilidad de la producción y el Information security consumo. (The retail industry as a driving force for change towards sustainability A publication that seeks to determine the in production and consumption) types of technology, security policies and The central thesis of this report is that retail can use its strategic position to have a real protective mechanisms that are used in the and effective influence on suppliers and consumers, improving the sustainability of all distribution and mass consumption industry phases of the product value chain: design and manufacture, packaging, transport and in Spain. consumption. The study also aims to reveal the diverse nature of industry practices and Researcher: Álvaro Arenas Sarmiento, show the various means used by retailers to exert influence as well as the proactive Professor of Information Systems and actions taken throughout these phases. Director of IE Business School’s Information Researchers: Javier Carrillo-Hermosilla - Researcher associated to the IE Foundation and Technology Systems Department. and professor of the University of Alcalá, Pablo del Río González - Associate Researcher Ramiro Mirones Gómez, Partner at Ernst & of the IE Foundation and Tenured Scientist of the Consejo Superior de Investigaciones Young, offered the company perspective. Científicas (CSIC) and Totti Könnölä - CEO of Impetu Solutions and Associate Professor of Operations Management at the IE Business School. The results were presented on November 29, 2012, before 18 attendees, all with CIO, Tomás Pastor García - Executive Director for Climate Change and Sustainability Services Systems Manager, IT or Security profiles. at Ernst & Young, offered the company perspective.

The results were presented on November 28, 2012, before 51 attendees, all with General Manager, CSR, Communication or Institutional Relations profiles. IE Foundation Report 50 / 51

Joint publication of the Ideas magazine

The IE Foundation co-publishes the IDEAS magazine with the IE Business School Alumni Association.

IDEAS, which is distributed quarterly free of charge, is a legal, economic and business publication that acts as a platform for the dissemination of business excellence and company creation practices, as well as articles by reputed experts in these subjects. The publication is distributed both nationally and internationally. IDEAS is also produced in digital format http://www.ideas-empresariales.com.

IE Foundation Report 52 / 53

SPONSORSHIPS

The IE Foundation engages in a number of institutional support activities both internally and externally (internally, it contributes to the Alumni Association for the running of various activities). In this connection, it works with Amigos del Museo del Prado Foundation, the editors of the book El Capitán General Marqués de la Romana, Foundation Center, the Bar Association’s “Jueves Jurídicos” (“Legal Thursdays”), the Spanish Association of Foundations, European Foundation Center, Luca de Tena Foundation, The Hague Club, CASE, Real Colegio Complutense, Financieros Sin Fronteras, the Puentes Global Foundation, the European Academy of Science and Arts and Foundation Center.

IE Foundation supported the publication of this book FINANCIEROS SIN FRONTERAS

PUENTES GLOBAL FOUNDATION IE Foundation Report 54 / 55

Financieros sin Fronteras Activities:

Financieros sin Fronteras (FsF) is a non-profit association created In 2012, the Financieros sin Fronteras-IE Business School (FsF-IE) in the heart of the IE Business School thanks to the collaboration academic-practical work program included two reconnaissance and between professors and students. Its core mission is to promote data collection trips to Ghana (in May and November), as part of the financial inclusion and support people with the potential to study program of the IE’s Executive Master in Finance, Executive generate micro-production activities, particularly in Africa, where Master in Finance Management, Master in Advance Finance and the microfinance industry is less developed and where its impact Master in Finance programs. The trips were sponsored by the IE in the lives of the “poorest” people is greatest. Foundation.

FsF mobilizes the creative potential of students and the professional In the run up to the respective trips, students analyzed information experience of IE Business School professors in order to: provided by the institutions to ensure that they were in a position to give the best possible advice in view of the entities’ current • Contribute to the strengthening of the microfinance sector capabilities and needs. The aim of this project is to help these as a tool for economic and social development in the most institutions meet the international investment requirements disadvantaged countries. It analyses and selects microfinance established for this kind of activity. institutions that are viable yet in need of assistance, and IE Business School students advise them and help to facilitate their access to During their stay, students interviewed the institutions’ boards of new sources of financing. directors, executive directors, departmental supervisors, credit agents and customers (both urban and rural). • Promote lines of development that will contribute to the eradication of poverty, by promoting business initiative. It works They also had the opportunity to meet with the representatives of as a center for new ideas that can help to identify, develop and World Bank Ghana, the EC’s National Development and Planning expand projects related to micro-productive activities. Commission, and Ghana’s Ministry of Finance and Economic Planning in order to get a better insight into the work of the most • Promote an ethical and social commitment in the business world, important international and national institutions that operate in as the best way of contributing to wealth creation in society. Ghana.

The information available prior to the trip, plus that gained during the visit to Ghana, was used to draw up preliminary work plans on the basis of which the FsF-IE students made recommendations of both a financial and organizational nature in an attempt to equip these institutions with a level of technical knowledge sufficient to increase their chances of being considered eligible for private, governmental or other funding.

Financieros sin Fronteras, has worked with Ghana’s Ministry of Finance and Economic Planning in 2012, as part of the “Rural and Agricultural Finance Program” and has laid the foundations for a technical assistance and quality training initiative that will continue in the future in order to strengthen MFIs. Its main aims are to combine efforts to promote innovation, foster the exchange of experiences and know-how between the academic and financial worlds, and contribute to increasing the capacity of these organizations that serve low-income populations and improving their investment opportunities. Research projects

In the May trip, IE Business School professors Marco Trombetta, Ignacio Various projects were carried out during the year in relation to the de la Torre and María Luque covered matters relating to Finance economic and social impact of microfinance in Ghana. Of these, Management and Social Performance Management. particularly worthy of note are those of Esther McGreevy, from the Master in International relations (MIR), on the importance In the November trip, IE Business School professors Marco Trombetta, of women as a drivers of development; Elisabeth Macías, from María López Escorial and Carlos Tapia, accompanied by former the MIR program, on cooperation and humanitarian aid policies business school students Pablo Casadio and Di Lin Lim, gave intensive in Ghana; and Pablo Casadio and Rafael Gil, from the Executive theoretical-practical classes over 2 days, on matters relating to Financial Master in Financial Management, on the development of a rating Management and Reporting, Governance and Financial Modeling. system for microfinance institutions.

“Finance with a Social Impact” conference

On June 21, Financerios sin Fronteras and the Spanish Institute Student workshops of Financial Analysts held a conference on “Finances with a social 2012 also saw the organization of a workshop for the entire IE student impact”. community on “Opportunity at the Base of the Pyramid”, which was The conference, which took place in one of the function rooms organized together with IE’s Net Impact club, and two virtual classes at Madrid’s Stock Exchange, boasted an excellent selection of guided by the Executive Director of Financieros sin Fronteras. The speakers in Guillermo de la Dehesa, Juan Carlos Ureta, Ignacio virtual classes were aimed at potential Business School students. de la Torre, and Fernando Fernández. They analyzed the roles The purpose of these events was to publicize FsF’s work and increase that finance and financial experts must play in promoting awareness of the importance of financial inclusion as a tool for microfinance as a driver of socio-economic development in the economic and social development both inside and outside the IE most disadvantaged regions, using micro finance institutions— student community. which are becoming “essential” to the promotion of financial inclusion and the support of people on low incomes who have the potential to generate micro productive activities—as a tool.

Microfinance Day

On July 18, IE Business School held its first “Microfinance Day”, an alternative investment fair at which the students of the Masters in Finance programs introduced investors to microfinance organizations which, after having been analyzed and advised as part of the Financieros sin Fronteras consultancy projects, had developed sufficiently to make themselves “attractive” to international investors.

The aim of this investment fair, which is to be held annually, is to obtain financing that will permit these organizations to continue developing and extending their scope. IE Foundation Report 56 / 57

PUENTES GLOBAL FOUNDATION

FRANCHISING A BETTER FUTURE PROJECT:

The very dynamic, demands and risks of the immigration process makes it an effective means of selecting the most enterprising people from a given country. The large number of unemployed immigrants in Spain represents a great deal of potential that can be harnessed as an economic driver of human and economic development in their home countries. In contrast to past approaches involving the design of business plans that often never materialize into sustainable business projects, Puentes Global has concentrated on the access that immigrants can provide as representatives in the form of franchisees of Spanish companies in their home countries. As well as embarking on a business model that is known to work, as franchisees, they will benefit from the logistical and marketing support of the franchising company.

By promoting international mobility, we can help individuals to access socio-economic development opportunities as entrepreneur-franchisees. We carry out the selection process and provide integral training and ongoing support for entrepreneurs with limited resources from developing countries, to enable them to set up franchises of large companies.

The aims behind this project are:

1. Desarrollo Económico de los países de Origen de los inmigrantes

2. Desarrollo Humano y Profesional de los inmigrantes

3. Objetivo General Transversal de Promoción de la mujer emprendedora Actions already completed:

• Informative sessions on returning and returning with franchises • Establishment of alliances with the main franchising consultancy at the Participation and Integration Centers within the companies in Spain: Tormo, Mundo Franquicia and . Community of Madrid. These agencies contribute to Puentes Global by promoting our activity among their customers. • Specific, intensive workshop on migrant franchises. • Creation of alliances with immigrant associations. The support • Mediation between migrants and franchisers (organization of of the Federation of Peruvian Associations in Spain is particularly meetings and visits to companies). worthy of note. We are working with this Federation to create a • Advice and training for migrants regarding the due diligence cooperation board with the Peruvian Consulate. required when purchasing a franchise. • Contact with international bodies such as the International • Participation in franchise fairs and forums (Expo Franquicias, mi Organization for Migration and the Organization of Ibero- empresa trade fair) to promote a responsible vision of franchising American States, with a view to the creation of future alliances. and raise awareness of the migrant community as possible franchisees.

• Furthering of our alliances with other NGOs and associations that work with migrants via our participation in the “Diversity Promotion Group” platform. We work with many NGOs including: CEPAIM, ACCEM, Red Acoge and Fundación para la Diversidad IE Foundation Report 58 / 59

3.4.Other Projects and Activities RELATIONSHIP WITH PARTNERS AND COMPANIES The IE Foundation works to support public and private institutions, foundations and organizations in identifying and analyzing opportunities for cooperation with the IE. The IE Foundation works with the different departments of the IE to find Partners for its different projects, designing proposals, establishing the necessary links and assisting throughout the process as well as in the follow-up and assessment of results.

The results of its cooperation with different companies are presented in a wide range of formats that can be amended over time in order to adapt them to the changing needs of our Partners. The main forms of cooperation are grouped as follows:

• Education, training and employability. • Research, development and innovation. • Talent development. • Support for excellence in teaching. • Other sponsorships, forums and alumni activity.

The revenues obtained as a result of the IE Foundation’s efforts are transferred to its centers, chairs and/or the aforementioned projects or direct to the IE departments that cooperate with the companies. IE Foundation Report 60 / 61

INTERNATIONAL POSITIONING A significant effort has been made in 2012 to improve the international positioning of the IE Foundation and IE via institutions and foundations that will open the way for us to access new activities, consumer motivators and interest groups related to the Foundation’s activities. With this in mind, two important international events were held during the year:

ANNUAL MEETING OF THE HAGUE CLUB:

As part of the IE Foundation’s efforts to continue improving its The working sessions, which were attended by their Royal international positioning, the Annual Meeting of The Hague Club Highnesses, were held during the conference on 7 September. A was held in Madrid from 6-8 September 2012. On this occasion, the number of speakers participated in these sessions: event was organized by the IE Foundation in conjunction with the a) Rosa Gallego, Deputy Director of the Association of Spanish Prince of Asturias Foundation. Foundations, with the conference “The situation of Spain’s This Club is essentially envisaged as a forum for discussing issues foundations sector”. of relevance to foundations that operate at an international level b) Antonio Garrigues Walker, director of the Garrigues law firm, as well as the role of philanthropy in the progress of contemporary whose speech was entitled “A new civil society”. societies, cooperation between institutions and the exchange of knowledge. The foundations represented in The Hague Club are c) Dr. Pedro Alonso, Chairman of the International Medical Research private and independent European organizations although it also Center in Barcelona, and member of the Manhiça Foundation has members from the USA, Asia and Australia. (Mozambique), who talked about “Global health challenges”.

The origins of The Hague Club lie in debates and meetings held d) Fernando Fernández, professor of the IE Business School, with in Europe in the 60s, thanks to the efforts of a group of private the speech “Opening the way for a new economic framework”. foundations from both the US (Ford Foundation and Rockefeller Foundation) and Europe (Max Plank, Thyssen, Adriano Olivetti, Companions of The Hague Club members enjoyed a program of Calouste Gulbenkian, Agnelli, Bernard Van Leer and Nuffield, among cultural activities with a visit to the Sorolla Museum and the San others). Antonio de la Florida chapel. KAU GOVERNING BODY:

As part of the joint activities program, meeting participants The IE Foundation was also pleased to enjoyed a guided tour and private dinner at the Prado Museum welcome the Governing Board of the King on 6 September. Abdulaziz University (Saudi Arabia) on its visit to the IE Business School’s Islamic The event was closed on 8 September, with a guided tour of the Finance Center. Royal El Escorial Monastery and Joan Abelló’s Private Collection, and a gala dinner at Linares Palace. IE Foundation Report 62 / 63 PROMOTION AND MARKETING ACTIVITIES: The promotion and marketing activities heading this year includes LAUNCH OF THE IE FOUNDATION’S NEW WEBSITE: actions to improve the Foundation’s international positioning, Follow Us. Contribute. the work for the creation of the different websites and expenses corresponding to brands and patents. News about the Foundation We considered it necessary, in order to increase the support has been published in the Ideas Magazine, News IE Business School, for our project, that we create a more effective communication the IE Foundation website, the IE Faculty blog - IE Claustro, the channel that would better express our mission, the most important new section of the Spanish Association of Foundations website, activities in terms of initiatives and achievements and the different Alimarket, El Pais – Blog - @Iebusiness and Inforetail. These activities opportunities for cooperation. were carried out using the Foundation’s own resources and did not The new website also permits us to better acknowledge and thank generate any expenses in 2012. our donors, contributors, sponsors and friends, be they individuals or organizations.

Every contribution matters One of the particularly important new features is the “Give now” facility, a tool for making online donations in a secure and simple way, which enables donors to select how their donation will be used, the amount thereof and the method of payment. If you would like to find out more about our priority and strategic lines of investment, or you would like to propose new initiatives, you can do so via the “Give to IE” page. IE Foundation Report 64 / 65

4. Annual Accounts Actual revenues Actual expenses

Reales 2012 (€) Reales 2012 (€) Specific contributions 2.600.313 Salaries 1.011.007 Centers 375.151 Research and scholarships 320.683 Financial revenues 233.664 Library 435.638 Chairs 174.354 Centers and Chairs 278.958 Projects 408.851 Sponsorships, publications, promotion and marketing 367.666 General expenses, Institutional representation 225.215 Doctorate program 357.210 Depreciation and financial expenses 260.957

TOTAL REVENUES 3.792.334 TOTAL EXPENSES 3.257.333

Margin between revenues and expenses 535.001 €

Actual revenues 2012 Actual expenses 2012

11% 68% 8% 31% Projects Specific Depreciation and Salaries contributions financial expenses 5% Chairs 10,9% Doctorate program 6% Financial revenues 6,9% General expenses, Institutional representation 9,8% Research and 11,6% scholarships Sponsorships, publications, promotion and marketing

10% 8,5% 13,3% Centers Centers and Chairs Library IE Foundation Report 66 / 67

5. Contributors and Donors

The IE Foundation would like to express its sincere thanks to all IE students, alumni, professors and contributors and all other companies and institutions whose ongoing support have made our work in 2012 possible. We would particularly like to thank our donors.

Thank You! Ana Gutierrez Cynthia Fernandez Laura Nuñez Letamendía Pilar Urbón Adriana Medrano Daniel Fernandez Kranz Leopoldo Calvo Sotelo Raquel Martín Benito Alberto Moreno Diego Vicente Cortes Leopoldo Doadrio Raul Morato Ana Isabel García Marqueta Fiorella Gamero Liliana Gilabert Sara Flores Ancir Salazar Francisco Ciudad Ludmila Teles Sergio Poyatos Angel Ripa Gema Palmero Macarena Martin Soledad Lorenzo Begoña Sanz Ignacio Sanjuanbenito Manuel Becerra Sonia Sunyé Blanca Gómez Irene Sanz María Elena Silva Víctor Torre de Silva Carlos Blazquez Ivan Antona Marina Tirado Mar Hurtado de Mendoza Carmen Corrais Jesus Rabadán Montse Román Ivan Aparicio Carmen García Marra Joaquin Garralda Noemi Sánchez Keiko Mcnally Caterina Moschieri Julia Ortega Nuria Izquierdo María González Jiménez Conchita Martín Berzal Julio Urgel Patricia Gabaldón Cristina Cruz Laura Maguirre Pedro Cámara

85 Broads Círculo Fortuny Golden Key PwC Academia Europea de Ciencias y Club de la Haya Grupo CGD Development QS Grand Tour Artes Colegio de Dirección Hospital Clínico Real Colegio Complutense AGM Sports College of Management Israel Iberinform Roche AIESEC Alemania CondéNast ICETEX SCIEF Saudi-Spanish Center for AIESEC Austria Crédito y Caución IDC Islamic Economics and Finance AIESEC Canada Cuatrecasas IEEE Women in Engineering Scuola Superiore d’Avvocatura AIESEC Germany Deloitte Israel Inditex Sigma AIESEC Hong Kong Edron Instituto de Economía islámica - King Society Beta Gama AIESEC Italy e-fellows.net Abdulaziz University Society of Engineers (SOE) AIESEC Russia ELSA Instituto Ling The City UK AIESEC United Kingdom Empresa Proeza de Méjico Intermón Oxfam The International Honour Al Yamamah Empresarial Irwin Mitchell Tobb Etu Aringo Ernst & Young La fundación Marroquí CGD TSK Aseshi University Esomar Lear Corporation Turkish Education Asociación Española de Fundaciones European Foundation Center Lowendalmasaï UKTI AstraZeneca Euruni Marroquín Unidad de Conocimiento Azerbaijan State Economic Everis McCann Universidad de Paris, Sorbona Bahcesehir Free University McKinsey_Egypt Universidad Francisco Bain Fundación Amigos del Museo del Multigestión University Banco Sabadell Prado OEA Uría y Menéndez Baskent Fundación Barrié Olinca MasterCard BID Fundación Bertlesmann Oracle Banesto Blue Steps Fundación Carolina Özyegin University CASE BMW Fundación Luca de Tena Pearson College UWC IBM Brembo Fundación Príncipe de Asturias Pérez Llorca Caja Laboral Fundapec Pullmantur IE Foundation Report 68 / 69

Aaran Joneson Aguilera Xiol Cristina Alexander Kalinin Alvarez Cordobes Enrique Abad Dorado Carmen Aguilo Aran Xavier Alexander Koening Alvarez de Leon Cano Rodrigo Abadan Tugba Aguirre Cristina Alexandre Bueno Naves Alvarez Fernandez David Abajo Sainz Aja Alesander Aguirre Salmon Diego Alexey Savin Alvarez Fernandez Victor Abando Solis Raimundo Aguirre Carrion Ander Javier Alexis Huguet Perez Alvarez Gallo Carolina Abanto Gamarra Juana Aguirre Espinosa Jose David AlFahham Ali Alvarez Gonzalez Alejandra Abascal Alia Ignacio Aguirre Inzunza Ian Alfaro Lamazares Abraham Alvarez Gonzalez Federico Abascal Heredero Juan Aguirre Oleas Martin Alfaro Simon Gema Alvarez Lapeira Ignacio Abasolo Laraudogoitia Francisco Aguirre Ruiz Saioa Alfaro Uriarte Maria Alvarez Lopez Doriga Manuel Javier Agzenai Youssef Alfonso Garcia Bermudez Alvarez Mendez Cristina Abdel Khalek Omar Ah Sun Daniel Alfonso Parlato Spadafora Alvarez Ortega Carolina Abdel Shahied Labieb Hany Ahmad Mohammed Alfonso Ramos Enrique Alvarez Pis Diego Abdelsattar Mohamed Ahmed Asif Alfonso Rodríguez Guerrero Alvarez Restrepo Adriana Abdulaziz Alhusayien Eman Ahmed Hassan Mohsen Algahtani Mohammed Alvarez Rodriguez Cesar Abdullahi Lawan Saidu Ahn Hyunsoup Alia Cifuentes Beatriz Alvarez Sosa Patricia Mercedes Abdulnasser Ayad Ahrens Michael Aliaga Belen Alvarez Suarez Matias Abeniacar Arias Ivan Aida Ordoñez Riano Aliev Krasheninnikov Timour Alvarez Zapata Veronica Abi Aad AAD Aziz Ainsa Claver Fernando Aljaber Jameel AlvarezBuylla Castro Maria Abi Gerges Elias Airaldi Eduardo Alkatmeh Mohamad Ghaleb Alvariño Rodriguez Alejandro Aboe Chad Akshay Kumar Alkhalifah Sultan Alvaro Campos Sanz Abonil Tarek Al Baharna Sahar Nazar Allaria Mauricio Alvaro Elena Jorge Abou Char Christina Al Bitar Haya Allgaier Marc Andre Alvaro Fernandez Corsino Abou Nassar Tarek Al Jabri Najoud Almanza Hernandez Enrique Alvaro Fernandez de Simon Rafael Abou Steit Ayah Al Kailani Zaid Almasoud Mezyad Alvaro Gonzalez Alvaro AbouAntoun Simon Al Lawati Hassan Abbas AlMatar Fatemah Alvaro Meseguer Abranches de Oliveira Ricardo Jorge Al Mutawa Saad Almer Ahmad Alvaro Rivilla Angel Abreu Jordao Cunha Manuel Jorge Al Nakib Adib Almoguera Perez-Cejuela Monica alvaro ybarra osborne Abumohor Nordenflycht Pablo Al Roudan Roudan Almudarra Nasser Deemah Alves Cardoso Marcos Acevedo Fernandez Almudena Al Sayed Omar Latifah Almuhaisin Nourah Alves Correia Rui Pedro Acle Maria Lourdes Alacid Ramirez Juan Francisco Alonso Aragon Raquel Alves Guedes Gabriel Acosta Clavijo Maria Camila Alain Traboulsy Alonso Araujo Alessandra Alwagyan Yousef F Y F Acosta Sero Mireia Alaiza Terrazas Blanca Sofia Alonso Benito Miguel Angel AlWazzan Meshal Acosta Torres Luis Miguel Alami Nemati Alonso Bravo Miguel AlYousifi Essa Acosta Zuluaga David Alangari Tareq Alonso Cases Francisco Javier AlZaubi Mohammad Adam Ruchman Alanis Ochoa Andrea Melissa Alonso Gadi Manoel Fernando Amadio Martin Adan Garcia Fernando Alanis Ochoa Javier Hernan Alonso Gimeno Jose Ignacio Amado Franco Garcia Adedokun Adebisi Alarcon Muñoz Jose Alonso Lamberti Barber Olga Amaral de Lima Rodrigues Daniela Adeishvili Nodar Alarte Gorbe Jorge Alonso Portillo Igor Amarin Samar Adhami Aziz Alba Lopez Loreto Alonso Ruiz Ana Maria Ambala Mbele Christian Adkar Vijay Swapnil Albala Lopez Maria Alonso Salazar Pablo Ameneiro Malaver Cristina Adriana Margarita Galan Albarracin Marcos Antonio Alonso Sanchez Alberto Ameneiro Ramirez Dania Caro Adriana Medrano Echeverria Albert Dario Vera Vega Alonso Sanchez Iñigo Amescua Dosal Sergio Africa Rodriguez Garcia Albert Gonzalez Alothman Salah Faisal Amez Laiz Sara Agarwal Nishant Albert Pando Emma AlRabe Qutaiba Amin Mohamed Agarwal Prakhar Alberto LLop Bielsa Alrayes Basil Amine Khoury Ageo Alvarez de Toledo Amparo Alberto Moreno Ramirez Alsaffar Abdulaziz M. Amir Tania Aggarwal Harshit Albertos Martinez Francisco Al-Saheb Hani Amiune Lauzon Mariano Aggarwal Manu Albillos Merino Luis Maria Alshatti Adnan Abdulkarim Amor Lobo Cristina Aggarwal Nikhil Albornoz Allsop Gabriela Alshubaili Fatima Ampudia Pinal Luis Alberto Aggarwal Sanchit Albraik Lulwa Alsomali Adam Amstad Aslan Aggarwal Shivom Albrecht Daniel AlSubaie Saud An Ana Agosti Domenico Albulescu Bogdan Altamirano Prado Nelly Ross An Yi Aguado Crespo Ignacio Alcantar Romero Roberto Altamirano Gomez Paulina Ana González Hernández Aguado Muñoz Rafael Alcantara Cornelio Melba Altuzarra Martinez Ana Ana Gutierrez Jimenez Aguado Ortega Ana Alcantara Murillo Eduardo Alvarado Victoria Ana Silva Ruiz Del Olmo Agüero Del Valle Maria Cristina Alcaraz Lerdo de Tejada Carla Alvarez Martinez Maria Antonieta Ana Alvarez Gonzalez Aguero Lara Mario Alcaraz Martin Maria Jose Alvarez Alonso-Majagranzas Cesar Ana Carla Oliveros Fuentes Aguiar Trindade Madalena Aldhubaiban Bandar Alvarez Arzeno Sara Elisa Ana carolina Savulsky Martinez Aguilar Saucillo Christian Alejandra Iceta Ripoll Alvarez Bajo Ivan Ana Carolina Ureña Adames Aguilar Angel Carmelo Alejandre Fernandez de Santaella Iñigo Alvarez Bautista Leire Ana isabel Garcia Marqueta Aguilera Berenguer Antonio Gabriel Alejandro Romero Ballarin Alvarez Castaño Pablo Ana Maria Correa Echeverri Aguilera Fernandez Arturo Alexander Akhmataev Alvarez Castro Manuel Anabela Mena Miño Anagnostaras Patrick Arias Carlos Badro Wael Bartolome Lobo Sergio Anchelergues Martinez Javier Marcos Arias Avila Carlos Felipe Badwan Bailasan Basbaum Andre Andersen Alexandra Arias Mesa Javier Baena Membiela Maria Jose Baselga Cervera Cristina Anderson Brett Arias Rodríguez Marian Baez Barcia Maria Baskaran Gayathri Andonie Dieck Marianna Arigita Urgel Carlos Bagal Joseph Baslyk Michael Andrada-Vanderwilde Benjumea Arik Schweiger Bagdasarov Andrey Bastan Didem Mateo Aristizabal Grisales Lina Maria Bagger Nadjeschda Basteiro Monje Jorge Andrade Jose Luis Ariza Muñoz Diego Baggerman Attilio Basurto Figueroa Carla Shirley Andrade Gurgel Ana Carolina Armas Mouriño Pedro Baida Fabio Augusto Batchandji Ndounda Pascale Andrade-Vanderwilde Benjumea Armbruster Bernstorff Carmen Bailach Miro Guillermo Bausch Noemi Mateo Armenteros Fernandez Manuel Baillifard Christian Bautista Moreno Miguel Andrea Saez Borderias Arnau Segarra Maria Jose Bailly Bailliere Gutierrez Oscar Bautista Santos Ana Maria Andrea Salati Arora Rishi Bajpai Bharat Bayliss Keryn Andres Esteban Antonio Arora Varun Baker Charles Be Nhien Andres Hernando Perez Arquero Portero Manuel Baker James Becerra Baigorri Manuel Andrés Martínez Parra Arquilla Alonso Patricia Bakshi Kanika Becker Marc Andres Morala Flaudino Arranz Coque Jaime Bakunin Petrovich Mikhail Bednall James Nicholas Andres Moreno Juan Arredondo Oscar Alejandro Balcell Viver Jose Beech Allison Andriani Luciano Arregui Altuna Juan Baldovinos Ruiz Mariana Ibeth Behler Sebastian Angehrn Tobias Arribas Ballesteros Borja Luis Bali Nishil Beica Rozalia Angel Galan Carques Arribas De Andres Miguel Ballester Agullo Juan Jose Bejko Ardit Angel javier Ripa Elices Arribas Irazola Rufino Ballester Barcelo Antonio Belen Pedrajas Arboleda Anhua Wang Artacho Amichis Pablo Alejandro Ballester Noriega Fiorella Belen Tallon Neves Rafael Anindya Harshita Artacho Sanchez Francisco Juan Ballesteros Florez Ivan Bellagamba Elisa Anthraper John George Artal Acon Paula Ballesteros Gomez Israel Victor Bellerin Paez Alejandro Antic David Artamendi Garmendia Iñigo Ballesteros Mtz de Medinilla Carmen Bellido Campos Iciar Antonio Herrero Moreno Artigiani Davide Banda Joseph Bello Ramirez Carlos Jesus Antonio Javier Fernandez Rodriguez Arzumanyan Armen Suren Banerjee Debashree BellOn Junquera Corina Antonio Salas Perez Ascanio Capelli Iñigo Bannister Susan Muriel Belloso R Samuel Antoniya Kamenova Aschwanden Dominique Karl Bansal Ankit Belloso Targa Gabriela Anubhav Kumar Asenjo Lazaro Jesus Bansal Shubham Beloshevsky Alex Anupkumar Aditya Asenjo Martin Luis Bantourakis Minos Belostotskaya Anastasia Anyane Yeboa Afua Asensio Ucelay David Antonio Bañez Sanchez Ramon Beltran Mantilla Carlos Mauricio Anzola Luzhessi Diana Asghar Rana Mobin Baptista Mauricio Ben - Chaim Ron Añez Castro Benjamin Ashraf Youssef Sherif Baptista Pablo Benavides Miro Quesada Carlos Apak Bilge Asin Villasevil Paloma Baptista Perez Avella Franco Martin Aparicio Lorenzo Angela Astarbe Gonzalez Maialen Baracho Rodovalho Moacir Jose Benedetti Aleman Carolina Aparicio Scandella Rafael Asvat Shaikh Saleh Barahona Senior Abel Francisco Beneroso Prats Sara Aponte Segura Liliana Yineth Atanasio Goitia Francisco Barath Anna Bengoa De la Mota Sonia Apurv Singh Atance Ibar Veronica Barba Zalvide Joaquin Benguria Echanove Felix Arabadzhiev Lachezar Atanes Torres Roberto Barbadillo Duran Manuel Miguel Beniashvili Teymuraz Arad Elad Atias Racheli Barbeito Herrero Erea Benito Lopez Francisco Aragon Rodriguez Gerardo Atienza Cid Marta Barberis Serena Benito Olalla Nieves Aragones Cabeza Maria Concepcion Atzmon Aya Bardaji Bofill Borja Benjumea Alfredo Araman Philippe Avila Boffil Andreina Barde Geronimo Bennasar Pol Antoni Aramburu Fernandez Teodoro Avila Gomez Daniel Barhorst Christopher Bentani Roberto Alfonso Aviles Martinez Jose Javier Baron Vioque Santiago Berberi Dimitri Aramendia Peralta Alfonso Awoleke Olurotimi Barquilla Fernandez Juan Vicente Berdayes Roger Araujo Filipe Henrique Axel Galit Capriles Hernandez Barrachina Lopez Jose Alejando Berdegue De Cima Fernando Araujo Dos Santos Gabriella Ayala Jeronimo Omar Barragan Montes Sara Berdugo Garcia Maestro Ignacio Arbo Bennasar Jordi Aymard Benjamin Barranco Camazon Victoria Berea Montes Gerardo Saiz Monica Ayuso barrios Victor Barredo Alvarez Miguel Berenguer Murcia Siridia Arellano Mediavilla Javier Azcona Muñoz Aleksandra Barreiro Frantz Laura Berger Alexis Arenas Garcia Jesus Fernando Azpurua Ines Barrera Mendez Lorena Berlia Udit Arenas Velez Catalina Azrak Sayegh Sami Barrera Tobar Juan Guillermo Berman Sarit - Hila Arenzana Javier Azuma Selom Barriga Mozo Hector Bermudez Lopez Matias Ares Ruben Babgi Alanoud Barriocanal Muñoz de la Espada Bermudez Rodriguez Andrea Ares Antequera Daniel Babgi Maryam Maria Berna Niñerola Maria Carmen Ares Garcia Maria del Pilar Babot Cartie Astrid Barrionuevo Jimenez Eva Bernabe Castellano Laura Ares Torres Fran Bachinskaya Elena Barroso Lopez Raquel Bernabe Castellano Marta Arevalo Montenegro Ates Bacourt Francois Xavier Bartingale Paul Bernad Casadamon Ignacio Arguelles Guzzo Sasha Valentina Badell Grau Jessica Bartkus Zilvinas Bernal Saukkonen Elisa IE Foundation Report 70 / 71

Bernardo Lyon Valdivieso Bose Kaushik Cabeza Molina Alvaro Cantero Nacher Antonio Salvador Bernardo Teixeira Motta Botella Gimenez Belen Cabezas Brian Cantu Stefano Bernardo Turner González Botella Ortin Fernando Cabo Penalba Alberto Capel Rodriguez Carlos Bernardos Del Pozo Mario Botella Tolmos Jose Vicente Cabral Alvarez Laura Capitan Sierra Alberto Bernhard Buezo Stephanie Botero Kling Carolina Cabrera Blanco Javier Cappellin Otaola Daniela Bernial Merita Francisco Botero Quintero Paula Cabrera Castillo Pedro Manuel Caputo Alison Berrizbeitia Guerra Maria Carolina Bou Issa Faten Cabrera Guerrero Jeronimo Carabellese Pietro Bertele Andrea Bouanani Youssef Cabrera Lopez Francisco Javier Carazo San Jose Ignacio Berthelemy Jean Philippe Bouez Haddad Samer Cabrerizo Torrente Maria Pilar Carbajal Garcia Angela Berthold Lindheim Benedikt Boutobza Fouzia Zouleikha Cacciatore Andrea Carbajal Moron Daniel Ernesto Betschart Angela Bowles Suarez Cynthia Cadena Gutierrez Marcos Carballo Flores Daura Mercedes Betts Nicholas Goeffrey Boyang chinaka Cadenas Guijarro Alvaro Carballo Truque Marielena Bhagat Gaurav Boyko Pavlo Caixeta Claudia Carbon Posse Eduardo Bharathi Vasantharaj Boza Adriana Cajacuri Lozano Isaac Mirko Cardelli Gina Bhardwaj Chetan Braga Couto Filipe Cakiroglu Sena Cardenas Diaz Luis Felipe Bhat Aparna Brais Vazquez Jaime Calabia Diaz Juan Cardenas Diaz Marta Bhatia Nikhil Branavan Pathmanaban Calandro Tacconi Gabriela Cardenas Sanvicente Fernando Bhatia Nikhil Bharat Brankov Pujic Aleksandra Calapar Ioan Cardete Roig Laura Bhattacharya Rajarshi Bravo Cruz Francisco Javier Caldera Emilio Cardona Soriano Juan Bhattacharyya Sabyasachi Breitbach Daniel Caldera Dominguez Ivy Carl Joachim Kock Bhushan Vipul Brennan Maria Florencia Calderon Escudero Elena Carla Gomez Perez Bidzinski Filip Bresciani Arenas Renato Calero Artero Ana Carlier Nicolas Bilbeisi Hana Briceño Salazar Maria Fernanda Calonje Conde Monica Carlos Andres Zuñiga Castellanos Bindoni Carlo Briongos Sanchez Lara Calvar Edelmiro Carlos Antas Vilanova Bish Edward Jordan Briso Montiano Moreton Lorena Calvo Ejerique Usue Carlos Blazquez Pascual Bisht Suneet Vir Singh Meritxell Calvo Gonzalez-Vallinas Jose Antonio Carlos Perez Longas Bjarte Lygren Brito Tatiana Calvo Quevedo Daniel Carlos Rojas Gil Bjornerud Brittany Brocchi Chiara Calvo Serrano Marleem Carlos Seguin Lozano Blajev Boykov Kalin Brodbeck Roth Margherita Calvo Sotelo Velasco Jose Carlos Trujillo Echeverri Blanca Olleros Sanchez Broil Benedikt Calvo-sotelo Ibañez-martin Leopoldo Carlos Villanueva Zuñiga Blanco Anton Maria de las Mercedes Brunet Alvarez de Sotomayor Calzada Pratmarso Alvaro Carlton Randall Blanco Bellas Maria Jesus Eduardo Camacho Garland Gabriela Clara Carmen Corrais Lozano Blanco Bonete Sebastian Brunete Gonzalez Jose Anais Carmen Garcia Marra Blanco De la Cal Isaac Brutti Luca Martinez Antonio Carmona Moreno Daniel Blanco Dieguez Juan Bryden Donna Camargo Benavides Daniela Carmona Sanchez Nelson Blanco Fernandez Isabel Buchholz Matthew Camargo Manuel Caro Mateos Beatriz Blanco Gonzalez Jose Ignacio Buechsenschuss Ralf Cambas Rubio Juan Manuel Carod Pradas Hugo Jorge Blanco Montero Javier Buendia del Pozo Manuel Cambronero Lopez Maria Sara Carpinacci Marco Augusto Blanco Palumbo Rodrigo Bueno Diaz Sergio Camilo Arturo Arango Alcocer Carpio Hidalgo Bruno Blanco Querido Agnes Luzia Bujoreanu Cristina Maria Camp Sanchez Jose Luis Carranza Duran Rafael Blanco-Rajoy Bermudez de Castro Buldon Ruiz Javier Campaño Horacio Carrasco Pleguezuelo Marta Ramon Bulmanis Nikolajs Sigurds Camperchioli Lippmann Hugo Carrasco Rebollo Margarita Blank Lopez de Ceballos Isabel Bulnes Pelaez Jesus Campo Caballero Nestor Carrascosa Gutierrez Fernando Blas Arturo Bartolome Asin Burbaquis Caravia Federico Campo Munera Andres Felipe Carrasquero Di Serio Jose Blaser Carla Bureau Culturel Saoudien Campo Prieto Adoracion Carredano Fernandez Jose Eduardo Blazquez Marquez Adolfo Bush Nicole Campos Aznar Gonzalo Carrera Peñafiel Javier Blum Jerome Bustamante Osorio Claudia Ximena Campos Donderis Alberto Carretero Serrano Santiago Blunk Vivian Bustillo Guzman Javier Campos Ruiz Juan Carril Martin Rosa Maria Blyth Ashley Stuart Byanov Stiliyan Campos Sanchez Maria Josefa Carrillo Carrillo Raquel Boeckx Alexander Cabaço Matos Rodrigo Henrique Camprubi Arque Ramon Maria Carse John Boesch Cornel Cabado Cabezas Carlos Canache Rodriguez Carlos Cartasegna Marco Andrea Bolsius Matthijs Cabal De Angulo Juliana Canalda Moreno Beatriz Carter Andrew Boned Garcia Julio Cabal Dominguez Juan Esteban Canales Lankenau Marcelo Carvalho Gustavo Bono Giuseppe Caballero Catalan Francisco Canales Leppe Valentin Carvalho Neville Boonstra Sjoerd Caballero Lagru Pablo Canals Alvarez Novoa Nuria Carvalho Calheiros Jose Borges Almeida Jose Caballero Martin Angeles Canals Hernandez Marc Casado Cainzos Amador Borja Perez Santiago Caballero Martinez Francisco Canas Gomez Narcisa Eulalia Casal Patricia Borniquel Baro Montserrat Caballero Matilla Esther Cueto Rafaelina Casares Miyares Ana Borrajo Pelaez M Cristina Caballero Prado Regina Cano Aparicio Ana Casas Alvarez Jaume Borrega Miguel Caballero Tejero Gustavo Cano Rodriguez-Arias Alejandro Casas Bedos Josep Borrero Del Valle Jaime Jesus Cabanillas Perez- Gabriela Cano Villena Virginia Casillas Garcia Mabel Borzunov Denis Cabañas Aranda Francisca Canovas Perez Maria Jose Cassai Giulio Cassano Maurizio Chaparro Tapias Tatiana Coelho Rodrigo Alves Crespo Rodriguez Ivan Castanedo Alvarez Miguel Angel Chaques Garcia Enrique Coelho Tiago Crevillen Hernandez Abraham Castaño Sanchez Jose Manuel Charif Takieddine Cohen Chagui Emma Lucia Criado Perez Christian Castañon Suquet Guillermo Charro Huerga Esther Cohen Leonard Gray Sydney Crisostomo Pinilla Natalia Castejon Mirele Catherine Chatterjee Abhishek Cointreau-Dumas Amaury Crispin Romero Paola Castellan Guzman Alejandro Chaverri Rada Felix Javier Colella Santa Cruz Fabio Cristian Van Rysselberghe Herrera Castellano de Pablo Francisco Chaves Juan Carlos Garcia Coleman Shannon Cristian Sanchidrian Fernandez Castellanos Niederhauser Elena Chaves Guillermo Cristina Collins Casso Ryan Cristina Reparaz Gravalos Castellanos Pros Pablo Chaves Santander Beatriz Sofia Colmenares Duarte Ricardo Cruz Vicmary Castellanos Vargas Laura Maria Chavez Martinez Jesus Alejandro Colombano Gonzalez Alfredo Jose Cruz Batista Fernando Alberto Castello Lloret Samuel Chemaly Imad Hamid Colon Vilchez Francisco Javier Cruz Martinez Melissa Alejandra Castilla Rodriguez Diego Chemaly Patrick Colvin Stephen Cruz Serrano Cristina Castillo Galindo Francisco Chen Chuli Combe Seminario Silvia Melissa Cruz Yague Jose Ignacio Castillo Guerrero Maria Gabriela Cheng Wayne Comenge Segard Fernando Cuadra Diaz Jose Antonio Castillo Varas Victoria Cheung Andrew COMIN AGUIRRE IGNACIO Cuadros Iberico Gabriela Caston Lopez Isabel Chevron Petroleum Company Comino Martinez Borja Cuerdo Astorga Ana Castro Aldrete Jorge Isaac Chhabra Adit Conde Bazan Elvira Cuervo Albornoz Daniel Felipe Castro Castillo Arnaldo Ernesto Chicharro Martin Ana Conde Carreño Susana Cuervo-Arango Lara Castro Cebrian Maria Teresa Chijioke Chinedum Conde Saavedra Pedro Cuesta Contreras Angel Castro Duran Cristian Chilingaryan Davit Conejo Flores Stephanie Cuesta Diego Paula Castro Izaguirre Yago Chiriboga Cobo Lorena Constantino Ferreira da Silva Ana Cuesta Ito Rafael Jun Castro Pardo Diego Chiriboga Vela Gonzalo Margarida Cuesta Martin Eva Castro Roldan Pablo Andres Chirinos Bello Vanessa Alejandra Constenla Gaspar Pablo Cuesta Ruifernandez Rodrigo Casuso Gonzalez Miguel Angel Chirivella Lopez Borja Contreras Gonzalez Carlos Cueva Peña Federico Catalan Martinez Noelia Chirute Vasile Lucian Contreras Gonzalez Quetzalcoatl Cuevas Juan cruz Catalan Neto Francisco Cho Wansu Contreras Sanchez Diego Culibrk Stefan Cataldo Garcia Vittorio Chor Annie Gregory Cumbrado Grande Juan Catalfamo Marco Choragudi Bharat Coquoz Yann Cumplido Torviso Abimael Catasus Moreno Beatriz Chorgoliani Nodar Corbera Martinez Jose Miguel Cuneo Alvarado Nicolas Caterina Moschieri Chowdhury Ryan Cordeiro Ribeiro Maria Cunnigham Victoria Cavassa Morales Victor Carlos Chrenek Tomas Cordente Zaldivar Rodrigo Curtis Jason Cavia Pecina Carlos Christina Moschaki Cordero Aleman Diego Curtis-Bey Elizabeth Cayero Barayazarra Aitor Christina Moschakis Cordero Fernandez Antonio Cusack Peter Cayon Gomez Oscar Christina Roldan Cordoba Santander Paola Andrea Cyment Alan Ezequiel Cebrian Sanz Carolina Christoph Hirzel Cordovez Cordovez Luis Miguel Cynthia maria Fernandez Lazaro Cederlund Anna Christoph Rehberger Coroalles Stephanie Cyr Sonya Cedres Cruz Elena Christopher Cataldi Coronado Alvarez Maria Czymoch Maximilian Cejas Delgado Andres Christopher Charles Dyer Corral Camara Jesus D´antin Pena Beatriz Cenjor Martin Jose Christopher Page Corral Martinez Sara Da Costa Ilana Centeno Gutierrez Jose Manuel Christyn Comte de Ribauco Correa de Sa Pereira Palha Salvador Dacosta Clavero Adrian Centeno Mielgo Carlos Fernandez de Santaella Philippe Corredoira Estevez Jose Manuel Daftary Bharat Vinod Cepedano Dueñas Cristina Chromik Julia N Cortes Diaz Paola Alejandra Dainitin Davila Martha Guadalupe Cepedano Henf Luis Chung Sun Woo Cortina de Almenara Simonetta Dalmau Fernandez Francisco Ceron De la Torre Juan Carlos Ciborowska Joanna Monika Corzo Guinetti Ruben Jose Dalvi Tanaji Prasad Ceruti Claudio Cifuentes Celeita Ivonne Cosculluela Solanilla Pilar Daly Brian Cervello Grande Jose Maria Cifuentes Schmidt Ignacio Cossio Castillo Carlos Dan Geller Chabbal Laurent Ciliberto Gomez Miguel Angel Cossio Quijano Iñigo Dan Hyeong Kim Chabert Ferreira Diogo CINTRON LOPEZ KAROLINA Costa Alves Guilherme Dancausa Vicent Andres Maria Chabran Francisco Cipriani Balarezo Alan Costa Bordone Mario Eduardo Daniel Vallespin Lazaro Chacon Fiallo Oswaldo Alberto Ciria Ortega Gloria Costa Colomina Joan Daniel Cardenas-Clark CLIENTES Chacon Hernandez Debora Ciudad Pozuelo Francisco Cottinelli Cañadas Veronica Daniel Fernandez Kranz Chacon Hernandez Manuel Enrique Civian Garrett Cousens Benjamin Thomas Daniel Granja Plaza Chacon Navarro Catherine Cividino Claudia Coutinho Nascimento Leonardo Daniel Mendoza Gutierrez Chacon Ruiz Pedro Claudia Ordaz Orozco Covarrubias Lecaros Cristian José Daniela Sanchez Tabush Chaddock Oliver Clausell Low Patrick Aaron John Danilov Kirill Chadha Daman Clendenin Trevor Cozar Paniagua Pedro Dannon Klein Ami Chamorro Holmann Alberto Jose Climent Pastor Juan Carlos Cozma Gilles Daoud Daoud Georgette Nadima Chan Zen Clou Marketing Plus Creamer Damian Daroca Mesino Miguel Angel Chan Muksch Sharon Coba Hernandez Jose Luis Crego Barreira Luana Das Neves Dias Nuno Chang Chung Hao Cobo Meneses Migiel Angel Crespi Cuende Sandra Daswani Krishna Chang Naomi Cobo Reyes Cano Elena Crespo De la cruz Lucia Dautant Colmenares Frances Chang Dombrowski Wen Cobos Falini Marcos Crespo Meijoeiro Adrian Dave Ashish Isharwarlal IE Foundation Report 72 / 73

David Jan Mikael De Roa Calvo Jose Luis Diaz Gil Alejandra Douglas Clemens David Jaramillo Lopez De Robina Lopez De Silanes Javier Diaz Jimenez Lucia Doyle Katy David Nikoi De Romanis Camilla Diaz Lorente Paloma Drumond Luiz de Albuquerque David Sanche Juan Pablo De Rosario Sanchezsimon Jose Luis Diaz Mateos Veronica Marcio Davila Garrido Yolanda De San Vicente Montero Luis Ricardo Diaz Miguel Saiz Luis Javier Duarte Alemida Pitella Elizabeth Davis Aimee De Santos Smith Esteban Diaz Robles Maria Alexandra Dubock Sanchez Oliver Pier Davis Will De Valdes Cavanilles Javier Diaz Villarrubia Yolanda Dubois Karen Day Frederick De Vega Hernandez Victor Diaz Williams Marco Dubois Nicholas Dayal Harshavardhan De Villena Vassallo Biagio Diazagero Sanchez Aida Dulguun Bayasgalan Dayo-Payne Alaba De Yeregui Guillen Santiago Diaz-Carrasco Salmeron Carmen Dupont Garmendia Adriana De Tena Rojas Juncal Deane Winston Diego de jesus Vicente Cortes Duppen Frederik De Abreu Isaac Debenedict Christina Diego De La Cruz Lopez Dupuy Schutz Julia De Alier Montes Andrea Deckel Isabel Diego Enrique Pueyrredon Duque Andres De Alvaro Peset Maria Elena Deiana Stefano Diego Valdez Temple Duran Bailly-Bailliere Jesus de Arcas Guillermo Del Agua Garcia-Zarco Jose Carlos Diez Climent Pepe Duran Rodriguez Raul De Arrese Blasco Alejandro Del Barrio Morales Ricardo Diez Badell Belinda Duran Sureda Jordi De Azua Solano Jaime Del Diego Boix Alicia Diez Canedo Jaime Luis Jeremias Dychter Shenberg Eduardo de Benavides Moreno-Villalonga Del Moral Fernandez Ursula Diez Martinez Mariola Dyner Malca Michael Juan Pablo Del Olmo Gabaldon Roberto Diez Santolaya Carmen Gloria Ebeid Makram de Boissonneaux de Chevigny Del Pozo Salinas Daniel Diez-Fuentes Martinez Ana Echart Orus Astrid Arnaud Del Rio Diez Jorge Diezhandino Diaz de Isla Pedro Echenique Marcos Ignacio De Broglie Louis Del Sordo Nicolas Miguel Dikken Mirjam Echeverri Montes Paula de Campos Beer Marina Deleito Velasco Gabriela Dikmen Emre Echeverria Urabayen Fernando De Cara Martin Marta Delgado Cayon Maria Dimitar Varushev Echeveste Iguiniz Beatriz De Carlos Muñoz Fernando Delgado Figueroa Jose Dimitropoulou Vasiliki Eckhard Gregor De Castro Caramazana Enrique Delgado Molina Ana Carolina Dimitrova Boneva Radina Eduardo Brugal Portela De Diego Almaraz Javier Delgado Morencos Alvaro Ding Wen Eduardo Corral Pazos de Provens De Dorlodot Gauthier Delgado Santos Mercedes Dinis Rodriguez Carlos Eduardo De Nieves Nieto De Egea Menendez Maria Belen Delgado Zamora Claudia Magdalena Diogo Goncalves Adriana Alejandra Eduardo Javier Elizondo Chapa De Ferrari Fernandez Andrea Della Ragione Lello Dionizis Brancoli Alfredo Nicolas Eduardo Schilling Arias De Freitas De Freitas Richard Delrio Monika Dios Cañero Beatriz Eduardo Sholl Machado De Frutos Sanz Maria Cruz Demian Caroline Dirani Simonato Alessio Egan Gerard De Galvez Gonzalez Fernando Deneanu Irina elisabeta Ditrinco Elizabeth America Eggersmann Anna-Katrin De Ganay Gwendoline Denis Wiegel Dixit Siddharth Eke Unoma Phillipa De Grove Frederick Denise Baumgarther-Enöckl Doadrio Marsal Leopoldo El Abiad Ahmad De Hollain Thibaut Derek Gutzeit Doering John EL Babb Farouck De Jonge Lars Derouin Pierre-Marie DOliveira Daena El Boulaki Zenab De Juan De Castro Blanca Desviat Gayo Ivan Dolphin Rayana El Chemaly Ziad De La Calle Alonso Manuel Dey Ushinor Domecq Benjumea Ignacio El Hajj Tarek De la Calle De Miranda Amalia Dezem Baida Vanessa Dominguez Andrea El Hassan El Rifai Ali De La Cierva Rubio Juan Dharni Vivek Dominguez Galatas Paula El Hayek Elias De La Fuente Martinez Agustin Dhawan Ankur Dominguez Abecia Alberto El Husseiny Nadine De La Fuente Santamarta Roberto Dhawan Viraj Dominguez Becerra Juan Alejandro El Jamous Toni Ramez De la Hera Ida Dhlamini Sizwe Dominguez Bellini Eduardo El Kojok Mazen De La Hera Freitag Juan Dhody Kushal Dominguez Calatayud Vicente El Mansoury Shady De La Hoz Ignacio Di Bartolo Stefano Dominguez Estrabeau Carlos El Nady Baher Mohsen De La Hoz Garcia Guillermo Di Domenico Alessia Dominguez Gonzalez Lorena El Oueini Rami De La Sen Corcuera Borja Di Fazio Davide Dominguez Luis Debora El Saadi Miazi Miazi Ahmed De La Serna Sanz Ignacio Di Matteo Roberto Dominguez Perez de Ayala Jaime El Sakhawy Rana De La Viuda Martinez Jesus Fernando Di Mauro Stephanie Dominguez Ponce Ana El Sharkawi Radwa De Leon Zago Francisco Dia Haykal Dominguez Torres Ana El Sheikh Amira De Lima Mayer Bello Frederico Diago Garcia David Dominique Bourgeon El Shenawy Yasmin De Maria Gianluca Diana Meteescu Donatien Thomas Elaheh Bolourian De Marmol Camille Diaz Castro Anxela Donderis Folgado Maria Pilar ELBaba Nader De Mendizabal Larrinaga Manuel Diaz Giraldo Ivan Dario Dong Norge AS Elgabaly Sherif De Miguel Rodriguez Agustin Diaz Navarro Maria Donoju Ramesh Elgueta Larrain Fernando De Neves Santos Jose Henriques Diaz Bes Carlos Miguel Donoso Gobbo Leonardo Andre Elias Gallardo Ana Da Silva Diaz Brown Moreno Francisco Donoso Lafuente Carmen Elin Anna Jonasdottir De Oliveira Jose Luiz Diaz Castro Jose Humberto Dorado Macarro Sonia Elisha Gonzalez Elizabeth Maria De Oliveira Teixeira Vitor Rafael Diaz de Monasterioguren Dorshi Darshan Elizabeth Macias Rojo De Pablo Llorente Mayda Aguirrezabal Guadalupe Doshi Vineeta Elizagaray Lopez Javier Jaime De Reyna Torroba Galo Diaz Garcia Marta Dost Gregory Elkolfat Abubakr Elmansi Karim Ibrahim Esty Kashro Fernandez Gomer Robert Filgueira Risso Juan Bautista Elsahfie Khaled Mahmoud Esztervari Adrienn Fernandez Gomez Alejandro Filipa Galvao Lopes Elustondo Mahedero Nerea Ethel Jerez Gonzalez Fernandez Gonzalez Elena Finol Perez Daniel ElZibawi Nahla Evangelos Stathatos Fernandez Gonzalez Hector Fitzpatrick Maura Embajada de Kuwait Eveno Guillaume Fernandez Hernandez Camilo Jose Flaherty Dawn Emilio Temprano Conty Everette Jonathan Fernandez Hernandez Julio Flavia Souto Lessa Emo Marty Ruth Ewerhart Jann Fernandez Hinojal Felix Fleischman Joseph Encinas Quinzano Laura Excoffier Thierry Fernandez Jimenez Catalina Fletcher Charlotte Enciso De la Rosa Cecilia Cristo Eyal Rosenthal Fernandez Jimenez Rafael Flor Baldeón Jacquelin Endo Masato Ezkerra Fernandez Aitor Fernandez Lama Ivan Flores Cacho Damian Engelstein Alexandre Ezquerra Perez Teresa Fernandez Leal Mara Flores Estrada Andrea Patricia Eniola Harrison Faber Benedict Constantin Fernandez Lopez Carlos Flores Leal Claudia Enrique Casadio Pablo Fabre Luengo Victor Fernandez Lopez Victor Flores Mayen Carlos Rodrigo Enrique Vicent Joan Fabrega Carolina Fernandez Martin Pedro Florit Vives Antonio Enrique Villamarin Lafaurie Fages Gonzalez Serafin Fernandez Morell Sofia Fonseca Marcelo Moraes Enriquez Rayon Jose Carlos Faggianelli Sel Caroline Fernandez Nacarino Antonio Fonseca Alcala Belen Erasmus Pieter Gerhardus Fagoaga Cano Jaime Fernandez Narvaez Jorge Foret Pastor Francisco de Borja Erbring Marco Fahmel Herbert Fernandez Ortega Juan Fornes Chaves Victor Erik Staxrud Lilleengen Failla François Luc Fernandez Paniagua Luz Patricia Forostovets Ievgen Erin Florio Fajandar Lutfiyar Fernandez Querejazu Diego Fortmann Sabine Erkan Haydar Olkan FAJRINA Risqia Fernandez Ramon Angel Fources BV Ernesto Baltodano Fakih Nizar Fernandez Revelles Jesus Damaso Fox Tejero David ERROR Rybachenko Anna Falco Chavarri Alvaro Fernandez Rey Jose Carlos Foya Charles Ertan Baris Fandiño Vaquero David Fernandez Royo Juan Fraile Menendez Gonzalo Escalante Sierra Enrique Fang Han Wei Fernandez Sacristan Eva Maria Francisca Salort Salom Escamez Prieto Teresa Fares Dina Fernandez Saenz Antonio Francisco Jose Maria Escanez Cortes Francisco Javier Farias Hansen Eduardo Aquiles Fernandez Salido Pablo Francisco Lopez Ruth Escaño Marin Rafael Fariña Noya Karina Fernandez Sanchez Sergio Francisco Perez Alonso Escarate Olivares Karla Fariz Ahmad Fernandez Sanchez Ylenia Patricia Francisco Sacristan Marco Escarrer Jaume Maria Antonia Faro Diaz Ignacio Fernandez Sastron Olga Francisco Santos Villaron Escarti Nebot Francisco Faro Diaz Anabella Fernandez Sobrino Jesus Maria Franck Ampuero Daniel Escobar Gutierrez Daniel Farre Guerrero Sergio Fernandez Vargas Francisco Jose Franco Diaz Eugenio Escobar Zapata Ana Maria Fatas Galindo Jose Carlos Fernandez Widmann Juan Gerardo Franco Garcia Jose Carlos Escoda Puente Juan Carlos Fawaz Wael Fernandez- de Franco Gonzalez Miguel Angel Escola Sanchez Dolors Fbrizio Giampieri Marionsini Arespacochaga Gustavo Franco Pendas Sonia Escolano Garcia Otilia Maria Fedorova Olga Fernandez-Rua Mateo Jorge Frangie Philippe Escoll Jerez Ana Feghali Stephanie Fernandez-Rua Mateo Jose Maria Frankenheim Johanna Escorial Senante Iñigo Feldman Mitra Anne Fernandez-Velasco Garcia Lourdes Franz Fritjof Escribano Gomez Nuria Feldmann Rafael Fernando Fernandez-Yruegas Baselga Gabriela Frascuratti Celia Escubi Anuzita Maider Fenwarth Puyana Otto Fernando Arun Fraser Kyle Escudero Paris Carlos Fernandes Pereira Gustavo Fernando Chandila Freddy Alberto Ramirez Perez Eskander Michael Fernandez Alberto Fernando Bodelon Frediani Michele Esparza Alejo Miriam Fernandez Kranz Daniel Fernando Esteve Avila Freiha Gabriel Espi Pons Maria Del Carmen Fernandez Rodriguez Sara Fernando Fernandez Mendez de Freile Arias Ignacio Espin Marti Monica Fernandez Antoñanzas Raquel andes Freire Cabrera Uxia Espinosa de los Monteros Schurr Fernandez Arias Jose Angel Fernando Jaime Fernandez Freire Orro Jorge Hernando Fernandez Cabezas Jesus Mauricio Fernando Murga Ortega Freitas Andrade Almeida Orlando Espinoza Chumbile Gustavo Adolfo Fernandez Castaño Laura Ferrant Antoine Miguel Espinoza Lecha Fernando Fernandez Castillo Jose Guillermo Ferraro Cook Ariana FREM Joe Espinoza Medina Maritza Alessandra Fernandez de Larrea y de Tomas Ferreiro Manteca Maria Jose Frem Raya Esquivel Urdaneta Vanessa Marian Ferrer Teresa Fresco Cimiano Jose Ignacio Essobmadje Reine Fernandez de Pinedo Perez de Ferrer De Silva Cristina Frey Julie Diane Estandia Malpica Maria Teresa Arrilucea Aznar Ferrer Girona Elisa Frey Lindy Esteban Fernandez Elena Fernandez Domingo Lorenzo Ferrer Gonzalez Elena Friden Siri Mette Estecha Garcia Demetrio Fernandez Dominguez Maria Dolores Ferrer Lopez Dolores Frolova Nadia Estela Lucena Sanchez Fernandez Escotet Carlos Ferreria De Freitas Maria Pia Frota Stefano Faria Esteve Alexandra Fernandez Espinosa Rodrigo Ferro Salazar Alejandro Fueyo Diaz Omar Esteve Carames Belen Fernandez Esquino Diego Fiallega Marrube Jorge Fukamiya Tomofumi Esteve Grau Albert Fernandez Fernandez Jose Carlos Fickel Daniel Fukuda Campos Livia Yukimi Estrada Dominguez Francisco Fernandez Frutos Jesus Fiestas Soler Luis Fung Yip Kwong Estrada Gil Jose Gabriel Fernandez Garcia Virginia Fifis Gregoire Funmilayo Grace Odushola Estupiñan Rodriguez Jose Ricardo Fernandez Goico Arturo Figar Fernandez-Pirla Cristina Furio Vega Diana IE Foundation Report 74 / 75

Furrer Belinda Garcia Gomez Maria Eva Gasca Duran Pedro Gimenez Reyna Blanco Francisco Furugen Shinsato Erik Garcia Gonzalez Guillermo Gasimov Kamran Gimeno Marine Jordi Gabaldon Quiñones Patricia Garcia Gonzalez Javier Gaspar Alvarez-Novoa Javier Giner Arbiol Maria Antonia Gabas Hirooka Joao Ricardo Garcia Guerra Juan Manuel Gassama Taslimy Giner Grima Francisco Gabriel Pinel Paloma Garcia Hidalgo Eduardo Andres Gasse Adrien Gines Pallares Carmen Gabriel Rodriguez Lobo Garcia Hiernaux Alberto Gassel Darcy Ginger Dana Gabriela Santos Mundim García Ircio Francisco Javier Gastañeta Diez Rafael Giorgadze Levan Gabriella Maria Ariza Gonzalez Garcia Jimenez Daniel Gastón Cisneros Henríquez Giorgi Kekelidze Gadea Lucas Luis Javier Garcia Jimenez Lola Gatland Patrick Giorgio Mariano Gahrmann Miranda Garcia Larragain Santiago Gauci Bofill Andres Giraldo Calle Natalia Galal Hassanien Kamel Sherif Garcia Los Arcos Paula Gaulis Pierre Girao Menezes Vilhena Tiago Gales Veronique Garcia Molina Miguel Gautam Kumud Giraux Pierre-Antoine Gallego Duran Juan Andres Garcia Moreno Henry Gautam Nischal Girgis Sarah Gallego Rios Francisco Javier Garcia Navarro Laura Gauthama Sankar Aswini Giron Castillo Alejandro Gallego San Juan Armando Garcia Nunez Guetzaida Gaviano Matteo Gjellstad Aaron Gallo Campos Elena Garcia Olalde Pablo Adolfo Gaviria Jaramillo Maria Paulina Gkioka Theocharoula Galvan Espino Antonio Garcia Ortiz Cristobal Gaviria Vallejo Alejandro Globarevic Milos Galvan Falcon Javier Garcia Perez Eduardo Gaxiola Coppel Agustin Gobel Jill Elen Galvano Lopes Maria Gabriela Garcia Pinto Olga Lucia Gea de Castro Antonio Goel Aman Galvez Chunas Victor Garcia Poveda Pico Natalia Gea Mena Diego Goel Niyati Galvez Guerrero Luis Fernando Garcia Recio Ruben Geissler Alexander Goeltz Benajmin Galvis Guerrero Mario Garcia Rodriguez Ernesto Julio Gelabert Crespo Liliana Maria Goenechea Alvarez Borja Gamboa Miner Emilio Garcia Rodriguez Javier Gener Bago Manuel Goh Siong Yee Gamero Peralta Fiorella Garcia Roger Maria del Carmen Gens Roca Jorge Golan Yakir Gamez Aguilera Lucas Garcia Romero Luis Gentilucci Erica Goldsack Perez Diego Gamito Matellan Rodrigo Garcia Romero Paloma George Matsoukas Goldshtein Ilia Gamon Fabrice Garcia Ruiz Isabel Georgios Zamparas Golkarieh Ali Ganado Olmedo Jose Francisco Garcia Sanchez Alfredo Gerardo Rumie Haddad Goma Ozcoidi Enrique Ganani Matan Garcia Santaella Camilo Carlos Gerardo Baena Rodriguez Gomes Pedro Garaeta Lopez Ignacio Garcia Santoyo Carlos Gerardo Piris Cabanilles Gomez Apolinario Francisco Jose Garces Aljure Daniella Garcia Segura Wenceslao Geratz Sabine Gomez Alvariño Ulises Garces Camara Esther Garcia Senra Maria del Carmen Germonpre David Gomez Arguello Teodoro Garcia Garcia Luis Alberto Garcia Serrano Cristina Gessica Lomonte Gomez Cañigueral David Garcia Solana Ramon Garcia Serrano Daniel Gevin Png Lamech Gomez Cuenca Felix Garcia Steven Igor Garcia Serrano Diana Ghan Rohit Gomez de la Vega Jimenez Alvaro Garcia Abarquero Juan Manuel Garcia Sobalvarro Sara Ghanem Eddy Gomez Fereras Paloma Garcia Abascal Cristina Garcia Sombrero Raquel Ghanem Tina Gomez Fuentes Loreto Garcia Alamar Jose Garcia Troyano Fernando Ghareeb Dina Gomez Garcia Naira Garcia Alvarez Ana Cristina Garcia Uriarte Irantzu Ghoos Steven Gomez Garcia Pilar Garcia Alvarez Inmaculada Garcia Velasco Jorge Pablo Ghossoub Carl Gomez Gomez Julian Garcia Anton Atienza Maria Luisa Garcia Verdecho Juan Antonio Gibert Travessa Carla Gomez Landaburu Juan Garcia Bizzozero Alejandra Garcia Vidorreta Enrique Gider Onder Gomez Monsalvez Ana Isabel Garcia Bonis Jaime Garcia Zamarripa Fabian Giedre Pavalkyte Gomez Morales Roberto Garcia Camazon Jorge Garcia Zurro Irene Giersiepen Kathrin Gomez Munevar Arturo Alberto Garcia Candel Jose Garcia-Hervas Lopez Jose Maria Giffith Alexander Gomez Muñoz David Garcia Carreño Antonio García- Jimenez Raul Gifford Robert Gomez Ormazabal Borja Garcia Castañeda Mauricio Garcia-Torremocha Checa Luis Jose Gil Alonso Carlos Gomez Rodriguez Miguel Angel Garcia Castaño Ursula Gardizabal Schilling Pilar Cecilia Gil Naval David Gomez Rojas Juan Pablo Garcia Codina Maria Belen Garg Siddharth Gil Pellegrini Carlos Mauricio Gomez Roy Erick Garcia de Pablo Maria Montserrat Garg Tanvi Gil Aldea Teresa Gomez Ruiz Eduardo Garcia de Prado Barrio Beatriz Garitano Trojaola Aitor Gil Andina Eydis Eradis Gomez Salcedo Francisco Garcia Duran Ramon Garmendia Labrecciosa Ivan Gil Garcia Alejandra Gomez Sanchez Rodrigo Garcia Escarda Oscar Garmendia Martinez Ignacio Gil Navarro Loreto Gomez-Ferrer Navarro Clara Garcia Fernandez de Valderrama Sara Garodia Nishant Gil Ocon Rocio Gomez-Trenor Larios Beatriz Garcia Fernandez Marta Garralda Ruiz De Velasco Joaquin Gil Perez Rafael Gomis Garzon Victor Garcia Ferrero Hector Garrido Balaguer Juan Jose Gil Van Beveren Marc Gomme James Garcia Fonseca Ferreira Lima Gustavo Garrido Bonilla Maria de los Llanos Gil Velutini Diego Goncalves Ferreira Miguel Garcia Galdon Jose Antonio Garrigues Solanes Concepcion Gilad Liran Goncalves Goncalves Kryzia Garcia Garcia Jaime Eduardo Garza Barbero Rodrigo Gilsanz Toquero Borja Gonzalez Nicolas Garcia Garcia Jorge Garza Garza Edgardo Gimena Romero-Giron Antonio Gonzalez Ramiro Garcia Garcia Rafael Garza Hauser Alberto Eugenio Gimenez Aragon Enrique Gonzalez Albacete Horace Garcia Gazol Alberto Gasbarri Gary Gimenez Castillo Serafin Jesus Gonzalez Alvarez Pedro Jose Gonzalez Angulo Arturo Grishchenko Olga Hamasaki Yui Hernando Martinez Loreto Gonzalez Aranguez Basilio Grondahl Cecilia Hamazaki Yoshihide Herraiz Molina Antonio Gonzalez Bardales Cristobal Grubville Enterprises Corp. Hamdani Saher Herran Gil Maria Dolores Gonzalez Bolaños Silvia Gruzdeva Irina Hamon Gaela Herrera Policarpio Camila Andrea Gonzalez Bravo Aroa Guariglia Nicola Han Hyehoon Danny Herrera Vellejo Maria Alejandra Gonzalez Carrascal Gonzalo Gubanov Andrey Handa Cauvery Herrero Garro Luis Javier Gonzalez De Cueto Carlos Guedes Nobre Pedro Hansen Blicher Holst Daniel Herreros Arregui Jaime Gonzalez de la Vega Villegas Eugenio Guemez Sarre Gerardo Harada Kazuhisa Hervas Canales Domingo Ignacio Cenobio Guerra Amador Juan Camilo Harb Christine Hervas Sanchez Daniel Gonzalez de Paz Amalia Guerra Chicano Julio Harjai Sharad Herzog Boris Gonzalez del Regueral Borja Guerrero Ruth Harkam Rodriguez Cristina Hiari Dima Gonzalez Doval Miguel Angel Guerrero Almagro Javier Harken Jensen Rojas Hickson James Gonzalez Fernandez Federico Guerrero Altamirano Alejandra Haro Diaz Maria Victoria Hidalgo Gutierrez Jose Maria Gonzalez Fernandez Lucia Guerrero Diaz Karla Cristina Haroun Marwan Hidalgo Reigosa Paloma Gonzalez Fornos Javier Guerrero Guerrero Pedro Harripersaud Marc Edward Hidan Roxana Gonzalez Freaner Ruben Guerrero Reyes Mario Kireradhar Hierro Puentes Julio Gonzalez Frutos Manuel Guevara Sala Tomas Harrison David Hiner-Leamon Shawn Gonzalez Garcia Fernando Guillen Flores Carla Elizabeth Harry Singh Hinsch Johannes Gonzalez Garcia Sara Guillen Martinez Enrique Hartigan Alyssa Hipolito Jimenez Pedro Jose Gonzalez Gomez Diana Guio Dib Giovanna Faride Hartner Diana Hiraguchi Shoko Gonzalez Kozina Laura Isa Guirao Fernandez Encarnacion Hasanova Sabina Hirschhorn Geraldine Gonzalez Marquez Ana Guitart De Coir-O Jose Maria Hasbani Mayer Hitesh Saini Gonzalez Martinez Maria Gabriela Guizar Garibay Jose Maria Hase Garnica Mikinori Miguel Ho May Kan Megan Gonzalez Moya Enrique Gulabani Vinita Ramesh Hasebe Ryo Hoffman Alejandra Gonzalez Peinado Oscar Gupta Gaurav Hasegawa Masaaki Holmes Allison Gonzalez Pilon Michelle Pilar Gupta Sankar Hassan Ahmed Homem Diogo Gonzalez Quiroga Andres Eduardo Gupta Vinay Hattangdi Akshay Hong Jiawei Gonzalez Rodriguez David Gurdian Rivera Mariano Hayashi Hirahoka Ely Adriana Hong Yoo Jung Gonzalez Rodriguez Manuel Alberto Gurov Oleg Hazari Ashfaq Syed Hongliang Wang Gonzalez Rodriguez Mario Guruswamy Raya Hazart Vicent Horikoshi Ernesto Gonzalez Ruiz Antonio Jose Gustavo Adolfo Aguirre Solorzano He Chenkang Hortal Martin Fernando Gonzalez Ruiz Jorge Gustavo Martin Urrutia Barrios Heck Peter Hortillosa JoAnna Gonzalez Tiburcio Sanchez Enrique Gustavo Souza Luiz Hector Uhalte Bilbao Hoshen Gilad Gonzalez-Andrio Jimenez Rocio Gutierrez Arturo Heerema Allard Edward Hoshino Michelle Gonzalez-Lliberos Vilarrasa Manuel Gutierrez Isabel Helbaoui Maya Hospifar c.por.A Gonzalo Cantabrana Fernandez Gutierrez Santiago Hellberg Christopher Howard Gregory E Good Matthew Gutierrez Sotelo Cesar Augusto Helu Gonzalez Ines Virginia Hoxha Ani Goosen Ryan Gutierrez Bordes Esther Hemphill Lydia Hsu Eva Goossens Alexandre Gutierrez Chavez Jorge Edilberto Henriquez Bruges Camilo Huang Feng-Yin Gordillo Montilla Estrella Gutierrez del Alamo Segura Ruben Henriquez Henriquez Hilda Huang Ken Gordon Jonathan Gutierrez Delgado Pablo Henry Chloe Huang Wei Gorkun Artem Gutierrez Gomez Ana Patricia Heras Hernandez Fernando Huang Wei Ting Gotuzzo Oliva Alonso Gutierrez Michelena Sebastian Heras Segovia Paula Huarte Berastegui Eduardo Gou Haodong Gutierrez Sanchez Francisco Heredes Juliana Huber Nathan Gountoumas Vaso Gutierrez Valls Jose Miguel Heredia Martinez Cesar Guillermo Hubertus Hillerstrom Goyal Amit Gutman Daniela Hermosa Brea Alejandro Huertas Ramirez Manuel Jose Goyogana Santorio Jose Maria Guzman Villarreal Maurico Hernandez Mauricio Hung Chan Grace Elaine Gozdzik Jakub Adam Haaker Massa Aisa Hernandez del Arco Juan Carlos Hunter Philippa Goznalez Mateo Carlos Habe Atsuo Hernandez Del Olmo Carolina Hur Wei Li Graca Rafael Habel Jason Hernandez Garvayo Laura Hurtado Franco Jorge Alfredo Graham James Hached Farah Hernandez Herrero Maria Eugenia Hurtado Menendez Rodrigo Gramaxo Fortes da Gama Jose Luis Haddad Nadim Hernandez Jimenez-Casquet Enrique Hurtado Moreno Carlos Grande Andres Isabel Haddadin Ramez Hashem Jeries Hernandez Quesada Maria Dolores Hurtado Ureta Juan Pablo Grande Grandas Carlos Alberto Hadjitodorova Zornitza Hernandez Quintero Oscar Husayn Hirji Granero Maluenda Ramon Hagedorn Bjorn Simon Hernandez Rodriguez Daniel Hussein Itani Graña Acuña Jaime Daniel Hagemeier Felix Hernandez Sanclemente Alejandro Huuck Jens Graña Taboada Santiago Hajj Deeb Rami Hernandez Santos Julio Huynh Quang Gratessolle Olivier Hakim Tarek Hernandez Septien Fernando Hwang Jien Lit Graul Philip Halaoui Zeina Hernandez Suarez Claudia Hydrae Consultoria Soc Coop Grechanik Daria Hall Caleb Hernandez Suarez Francisco Javier Ian Johnson Greco Abbi Halwani Abdallah Hernandez Urbina Monica Ian O Shea Grey Sterling Hamade Karim Hernandez-Maureta Lopez Alvaro Ibañez Castillo Maria Gabriela IE Foundation Report 76 / 77

Ibañez Pozo Rocio Janne Herrera Johnny Joshi Anant Kawas Amador Stephanie Ibarra Martinez Mikel Jaramillo Francisco angel Joshi Anshul Kayali Magda Ibarra Gonzalez Gerardo Jaramillo Cardona Carlos Joshi Vijay Rohan Kazakov Alexander Ibor Mancebon Pedro Jaramillo Garcia Sandra Jovanovic Philippe Kazimov Javid Ibrahim Yasmine Jaramillo Gomez Juan Camilo Jover Mico Carlos Keda Dounia Ibrahim Yehia Jareño Gonzalez Adrian Juan Comba Xavier - Morato Keller Sandra Idriss Karim Jarillo Cabañas Alberto Juan Carlos Blanco Fernandez Kelly Demerutis Armando Igartiburu Verdes Anne Jarjour Christian Juan Carlos Gonzalez Portasany Kesova Margarita Iglesias Garcia Ana Maria Jauregui Arrieta Luis Carlos Juan Jose Monteverde Bustamante Kessler De la Mazaa Juan Iglesias Menendez Fernando Jauregui Gomez Guillermo Juan Pablo Mahuad Quijano Khabiyev Kuanbek Iglesias Perez Ana Isabel Javier Antonio Gallego Castillo Juan Villena Torres-Puchol Khadige Antoine Ignacio Cortes Shehab Javier Carrillo Hermosilla Juarez Garcia Bibiana Khalil Ayman Alain Ignacio Medina Domingo Javier Couceiro Rosillo Juarez Navarro David Khan Farooq Ignacio Prieto Pariente Javier Jodar Bardon Judovits Efrat Khan Irfan Zaheer Ignacio Voltan Javier Leal Julia Ortega Sanz Khan Mohommad Farhan Ignits Peter Javier Rodriguez Ramos Julio Urgel Varela Khan Sadath ulla Igo Software Javier Ruffin Vicente Jun Kyung Eun Khandhar Bhavik Igor Ugarte Arnao Jedina Leopold Jung Minkyu Khaneja Mayur Iker Alonso Fernandez Jeldres Borquez Marcela Jupalli Ramachandra Rao Khanna Rahul Iliovits Ilias Jene Carlos Gomez Jurado Flujar Maria del Rosario Kharitonov Pavel Im Seye Jenni Manuel Andreas Jurging Julius Khederlarian Lara Imaz Abal Naiara Jesus Gomez-Calcerrada Gomez- Jurik Peter Khoo Kriscilla Monica Ines Lanzo Calcerrada Justo Gil Cristina Khoury Jeannie Inga Carhuallanqui Kelly Elena Jha Vivek Justo José Cebrián Kant Khoury Joseph Ingles Sanz Carlos Ji Min Lee Justus Carolin Khreiss Bilal Inho Baek Ji Yeon Lee Justus de Maizière Khurana Rahul Interiano Castellanos Carlos Jesus Jianling Zhang Kailasanthan Senthilkumar Prakash Kiefner David Iñigo Gomez Llanos Clarissa Maria Jimenez Montesinos Jorge Alberto Kailasapathy Saumya Kiishi Tsukiyo Iovine Pietro Jimenez Aldana Nicanor Javier Kalandadre Nino Killing Kuhn Rubens Iragavarapu Venkata Manoj Jimenez Galan Edgardo Kallasvuo Tapani Jussi Kim Joon Hong Tammiraju Jimenez Jaimez Laura Kaloeidi Sofia King Matthew Irastorza Rodriguez Jose Antonio Jimenez Jimenez Mar Kalra Komal Kiran Kirakosyan Alexandr Petros Irazabal Glasson Myriam Jimenez Lopez Ana Isabel Kamal Abdullah Kirby John Millar Irene Sanz Gonzalez Jimenez Lopez Maria Teresa Kamau Gachiku Gloria Kishi Yoichiro Irick Myah Jimenez Luque Urbano Kamel Paul Kizilbash Hasan Abbas Irusta Verdejo Jon Jimenez Martin Teresa Kamma Bharath Kumar Klaffus Robert Georg Juergen Kurt Isabel Del Castillo Garrastazu Jimenez Perez Javier Kandikattu Sai Karteek Kleinschmidt Andreas Isidro Garcia Olga Jimenez Sanchez Laura Kanduri Anirudh Kleyman Yekaterina Issa Ahmad Jimeno Jordan Carlos Antonio Kanervala Tuomas Klier Noam Ittner Matthaus Jiwani Khadija Kang JaeLim Klose Rene Wolfgang Iturbe Navalpotro Olaya Joan Garcés Durán Kange Samer Koefoed Morten Ivan Antona Fernandez Joanna Karlic Kankanamage Aparakka Vishva Koehn Garrett Ivan Lois Feijoo Joao Almeida Gonçalves Kansal Karan Koehncke Benedict Ivan Vicente Torres Joao Bobone Kaptyushkin Sergeevich Gerogy Koh Seoyoung Ivana Sjudar Joaquin Cotoner Kapustina Yulia Kokko Tiina Karoliina Ivanova Ivanina Joep Schot Diederik Karam Elias Kolinski Cohen David Ivaylo Dimov Johnson Mary Karam Jessica Kondrushkina Lina Izquierdo Guzman Juan Johnson Ryan David Karasek David Koneri Namita Izquierdo Valdes Jose Manuel Jonsson Linnea Kardashov Said Kooi Mike Izurieta Linzmayer Ricardo Jordi Laguarda Vidal Karemacher Miles Kora Esra Jacobson Anat Jorge De la Ballina Martinez karina robial Korobkova Natalia Jad Mekkaoui Jorge Urteaga Ortiz Karnati Naveen Korsun Ekaterina Jad Roufca Jose Piquer Karnati Ravi Chandra Kos Radoslaw Jaimes Chiriboga Cristina Jose Angel Novo Gomez Karrer Lukas Koss Oleg Jain Surbhi Jose Antonio Rojano Lopez Kasper Victoria Kotter Martin Jain Kumar Aditya Jose Enrique Rodriguez Rizzo Kassis Marc Antoine Koukoulopoulos Nikolaos Jaising Naushita Jose Ignacio Arias Milla Kassouf Karen Koves Evangelos Jakub Widzyk José Manuel García González Kasuga Ryusuke Kozsar Alexander Jamous Mariejoe Jose Manuel Machin Ameneiros Kaul Pushkar Krainer Florian Jan Gerrit Koechling Jose Russo Sarmiento Kaul Viduyat Krause Alexander Janane Haddad Moretti Jose Zapata Sanchez Kaune Meeta Krause Nicolas Jan-Marc Wermke Joseph Choueifati Kaur Taran Kremer Abreu Fernanda Kretova Tetyana Latorre Maze Rodrigo Lilian Lopez Lopez Díaz David Krishnaswamy Sujatha Laughlin Jose Elliot Lillo David Luis Lopez Enseñat Javier Krywyj Yvonne Marie Laura Carolina Tarazona Ragua Lim A Leum Lopez Fando Amian Claudio Kubecek Vaclav Laura Maguire Lim Kok Kiang (Sean) Lopez Gonzalez Jose Ramon Kuehnen Dean Laura Repiso Redondo Lim Wei Chiang Benjamin Lopez Gutierrez Lourdes Kuenne Sebastian Laura Viñuela Villanueva Limbo Alix Jonathan Lopez Hernandez Tomas Kuhlmann Daniela Lavandera Morfin Jose Mario Lina Maria Martinez Lucena Lopez Ibarra Tatiana Kuhn Robin Laviña Soriano Begoña Linares Capa Manuel Lopez Jimenez Alvaro Kumar Anand Layus Cazcarro Carlos Linares Fernandez Maria Teresa Lopez- Mancisidor Garcia de VInuesa Kumar Deepa Lazaridis Junior Jean Linares Soler Jorge Ignacio Kumar Neeraj Lazaro Plaza Carlos Linaza Gimenez-Cassina Enrique Lopez Martinez Ahmed Alejandro Kumar Sushant Lazcano Teresa Ling Ying Chih Lopez Monje Ignacio Maria Kumbhani Hersh Le Phu Quoc Lins Cremonini Mariana Lopez Ochoa Bernardo Kupper Marco Eugen Le Floch Yann Liñan Jimenez Isidro Lopez Orpez Nuria Kurtzke Kristina Le Nguyen Thien Lisonbee April Lopez Pinto Jose Manuel Kwee Aldora Leandro Carvalho Lucas Mendonca List Jacob Lopez Rivera Adolfo Jose Kyle Fiore Lecaro Malnati Gabriela Liu Jiang Lopez Rodriguez Gustavo La Morgia Luigi Lederhausen Peyton Jan Horst Liu Minghui Lopez Rodriguez Miguel Labaki Elias Lee Andrew Yoon Geuk Liu Yang Lopez Roldan Miguel Laborde Simon Juan Lee Dong Jun Llagostera Sevilla Elena Lopez Ruiz Jose Manuel Labudovic Lea Lee Gilbert Llanos Mesa Camilo Lopez Suso Maria Eugenia Lacasia Gorostiaga Benito Lee Junxian Lledo Benito Elisa Cayetana Lopez Tormos Valero Maria Luisa Lacayo Chamorro Francisco Lee Lena Jeong Hwa llinas Oñate Antonio Lopez Vazquez Beatriz Lacera Lema Nuria Emma Lee Sue Llinas Rubies Eugenia Lopez Villena Manuel Lacerda Piedade Lee Whee-Dong Llop Pons Juan Lopez Zafra Victorino Luis Lacorte Jimenez Carla Josefa Lee Youn David llorca Afonso Olivia Loras Saiz Rosa Maria Lacouture Diaz Granados Juan Lee Young Chul Llordes Usandizaga Urtzi Lorencio Mugica Francisco Javier Manuel Leguisamon Moya Selenis Llorens Alamo Pablo Lorente Baigorri Concha Ladki Naji Leifman Dimitri Llorens De La Serna Jorge Lorne Esslinger Lagares Abeal Gerardo Leitao Ricciardi Vicente LLORENS GIL MARINA Lorrio Aguirre Miguel Lago Fernandez Pablo Lelievre Joel Llorens Gil Pablo Lorrio Hernandez Daniel Lagorio Vegas Roselena Lema Garcia Marco Llorente Martinez Maria Paz Loskant Ina Laguna Sanz Carlos Lemarroy Montanaro Maria Fernanda Llorente Hernandez Gonzalo Lounis Marc Lahlou Karim Leon Luis Juan Antonio Llorente Moreno Maria del Henar Lovera Ramirez Jose Antonio Lain Aliaga Jose Manuel Leon Pier Luigi Lo Shuk Man Charmaine Lozano Gonzalez Santiago Laine Antonin Leon Martinez Beatriz Lobato Gil Monica Lozano Kleinmann Jose David Laka Tebogo Leon Mejia Ricardo Lobo Baquer Oriol Lozano Martinez Sonia Lakhwani Rikesh León Rodas Jackeline Lobo Miro Renato Luiz Lozano Saiz Jose Lalani Sachi Leon Vegas Jorge Manuel Lobsiger Patrick Lucas De Leyva Jose Luis Laliena Izquierdo Laura Leonid Karlinski Lockhart John Beauregard Lucki Sefina Lalinde Molina Carolina Leopoldo Doadrio Marsal Logiovane Maria Pia Ludington Zachary Lamba Shreya Lerma Rodrigo Alvaro Loh Lik Ting Luehr Philipp Maximilian Lammers Ben Leshchenko Oleksii Lois Diaz Jose Luis Luengo Mai Pablo Landivar Rivas Roberto Leslie Jonathan Lomonosov Alexey Lugo Ruiz Fremiot Eduardo Landolt Pierre Leuhusen Fredrik Longas Gotor Daniel Luipold John Lange Kim Levidze George Lopes da Silva Peixoto Marcela Luis Diestre Martin Langensand Alexander Levy Moreno Maria Lopes Goncalves de Araujo Joao Luis Goiria Manzano Langkammer Jens Lew Choon Leong Pedro Luis Javier Medrano Fernandez Lantsev Andreevich Nikolay Lewes Natalie Lopez Gallo Joaquin Gregorio Luis Javier Molinelli Barranco Lanza Medina Ulises Lewis Stuart Lopez Angelino Maybe Luis Lopez de Zubiria Edurne Laos Lau Marisol Li Albert Sze Tang Lopez Arias Cristina Luis Martin Rodriguez Laquintana Laura Li Chengcheng Lopez Asensio Jesus Luis Miguel Soares Granja Lara Mendoza Gerardo Li Hao Lopez Azcunaga Felipe Jose Luis Pinel Olalla Lara Najar Daniel Li Juan Lopez Bautista Jorge Yannik Luis Viñuales Arias Lara Pecero Maria Li Sun Lopez Belanche David Luna Torres Diana Lara Schilling Isabel Liao Candice Lopez Cabello Miguel Luna Uribe Rafael Larach Kafati Alexander Libio Michael Lopez Camara Marta Luna Victoria Vargas Lizbeth Lari Patiño Renzo Licheva Svilenova Julia Lopez Canton Daniela Luque David Lasa del Caño Jose Luis Liddell Julio Afu Lopez Casas Alfonso Felix Luque Carrasco Mayra Lasanta Carrasco Pedro Lidia Brito Peralta Lopez Catalan Adriana Luque Lastra Rafael Lasarte de Launet Carlos Lieber Mirko Lopez Colomina Cesar Lutjens Andrew Laseca Geronimo Lightbody Laura Lopez Dandria Diego Armando Luzietoso Lidice IE Foundation Report 78 / 79

Luzzi Emiliano Mantecon Perez Juan Carlos Martin Cortes Manuel Martins Anderson Lysyy Andrey Manuel Becerra Baigorri Martin de Cabiedes Candelas Martos Martinez Nuria Ma Xuyang Manuel Serrano Gudin Martin de la Peña Alexis Martos Salinero Concepcion Maalouf Marwan Manuel Stoll Martin Fraile Lorena Masiero Giovanni Maamer Ranya Manuela Martinez Mourra Martin Gomez Jorge Masotti Gambardella Marcelo Macarena Martin Sacristan Manzano Peña Luis Miguel Martin Gonzalez Pablo Masri Azzam Macdonald Peter Maortua Alesanco Maria Martin Greweldinger Massanas van de Ven Marc Machado Andrew Marcen Pamplona Cristina Martin Hourbeigt Carlos Masson David Machado Coelho Silva Lucas Marchesini Gerardo Martin Linares Maria Concepcion Mata Facenda Jesus Machado Pinto Martins Tatiana Marco Alonso Irene Martin Martin Alejandro Mata Franco Ana Machado Pinto Teixeira Francisco Marco lucchiari tucci Martin Moreno Liceranzu Mata Galindez Alfonso Machado Vital Chiarini Julia Marco Villegas Alejandra Martin Murga David Mata Presa Sofía Macias de Javier Marcos Diez Carlos Enrique Martin Navarro Ignacio Matas Areal Jaime Macias Gonzalez Cristina Marcos Aibar Ana Isabel Martin Perez Gabriel Mateo Lianne Mary Macias Gonzalez Maria Amparo Marcos Escudero Teodoro Martin Prieto Daniel Mateos Andres Macias Rubio Maria Fernanda Marcos Gorgojo Molina Martin Quereda Alfonso Mateos Bernaldez Pedro Antonio Madhan Anand Marcovici Sandra Martin Sanjuan Laura Mateos Santander Carlos Antonio Mady John Marenzi Luca Martin Velazquez Marta Mateos Tosetti Diego Maekita Hideaki Margareto Alburquerque Eugenio Martin Vidarte Martin Eulogio David Matera Antonio Magali Ambrosi Herrera Margareto Menendez Jaime Martin Vinas Jose Ramon Mateu Richard Enrique Magill James Marguerite Elias Martinez Echarte Segio Mathai Mathew Kenny Mahipal Nitush Maria Beatriz Pablo Simon Martinez Aceña Oscar Matilla Romero Elena Teresa Mainoo Nana kwaku Maria Belen Garcia Porcel Martinez Alvarez Ricardo Matis Mathias Mainuddin Md. Maria Burgess Martinez Armendariz Patricia Matsudaira Norihiro Maira Folia Maria Carolina Afonso Dassie Martinez Barcenilla Pilar Matsuoka Daisuke Majdeline Oujamaa Maria Clara Otegui Vilaro Martinez Burgos Augusto Mattar Vanessa Makarem Ayman Maria de las Mercedes Rosa Martinez Carretero María de las Matthews Luis Malanda Olivier Rodriguez Mercedes Mattiussi Fabio Malani Soumya Maria del Rosario Arnaiz cot Martinez de Alba Casarin Cecilia Matunov Nikita Maldonado Garcia-Pertierra Susana Maria Del Rosario Bris Gómez Martinez del marmol Jimenez Matveev Konstantin Maldonado Iglesias Rafael Maria dolores Carrasco De-frutos Ignacio Maul Andrew Malecz Michael Maria Gabriela Rodriguez Chiarino Martinez del Marmol Morandeira Mauricio Mejia Molina Maleka Bantse Motlatsi Maria Isabel Bermudez Argiz Jose Luis Mausoof Danial Malengo Julien Maria Lourdes Gutiérrez Colina Martinez Dorado Miguel Maxime Khayat Malerba Paolo Maria Mar Vazquez Hurtado Martinez Fernandez Bernardo Maximilian Knyphausen Mallace Jon-Dagan María Martínez Bravo Martinez Fernandez de Valderrama May Esteban David Mallen Calac Maite Leticia María Paula Neto Costa Javier MAYER ELENA Mallen Dutu Fatima María Pradera Salazar Martinez Fernandez Encarnacion Mayer Konstanze Mallen Matos Eduardo Jose Maria Teresa Llorente Martinez Martinez Fernandez Jose Luis Mayer Puchi Gustavo Malloy Thomas Maria Teresa Montalvao Queiroga Martinez Fernandez Jose Manuel Mayo Alonso Soraya Malondra Flaquer Miguel Angel Ferreira Martinez Florez Perez Diego Mayoralas Alises Santiago Malpica Olvera Alfonso Mariani Zabala Gabriela Martinez Garcia Santiago Mayorga Oyanguren Jose Salvador Malvern Chinaka Marin Cogolludo Maria del Carmen Martinez Garijo Jose Luis Mayra Espinal Zouain Maman Belecen Neil Salomon Marin Margiotta Arianna Martinez Infante Miguel Angel Maza Pallares Carmen Mamillapalli Ravi Shankar Marin Raboso Gonzalo Martinez Maceira Miguel McCarthy Pamela Anna Manaka Octavia Marlin Katherine Meneses Navas Martinez Magdalena Jorge McDaid Colin John Manasse Colin Adriano Marney De La Mar Marcellana Martinez Maldonado Joel Esli McGreevy Esther Mangalampalli SreeRam Marquez Lopez Hector Arturo Martinez Martinez Jesus McLane Sean Mangas Moro Eva Marquina Mercedes Martinez Mejia Federico McMullen Richard Manjon Rodriguez Maria Jose Marra Anna Martinez Mourin Purificacion McWilliams Simon Manjon Viñuela Antonio Jose Marrero Garcia Nast Martinez Nogueira Gonzalo Medina Luis Agustin Manjunath Anjana Marsano Noriega Maria Grazia Martinez Pallares Hernan Medina Salvador Manners Rhys Marta Mas Martinez Pastor German Medina Barriga Francisco de Borja Manrique Cancha Juan Pedro Marta Nadal Cebrián Martinez Piñeiro Carlos Medina Esteban Manrique Del Marin Lorena Martelli Santiago Martinez Prado Lizet Rocio Mehl Nina Manrique Franco Raul Martin Alvaro Javier Martinez Sampedro Jose Antonio Mehmood Ul Haq Mian Manrique Garcia Jarana Francisco Martin Raquel Martinez Sierra Maria Fernanda Mehrad Fuertes Bryan Javier Martin Benitez Alfonso Martinez Torre Ignacio Javier Mehrotra Abhinav Manrique Vieira Wendy Martin Berzal Concepcion Martinez Vazquez Juan Mehrotra Chaitanya Manso Beatrice Martin Borowiecka Santiago Martinez-Canales de Olano Jose Mehrotra Nalin Mansour Amer Martin Bujan Alejandro Francisco Mehta Deep Mansour Mohamed Martin Cerro Fernando Martinez-Echevarria Ozamiz Rafael Mehta Jatin Mehti Ilgar Micheloto Francisco Ataide Monaco Ercole Morote Camacho Miguel Meisel Vergara Carlos Mico Pedregal Ana Mondelo Cao Matilde Morris Mallori Mejia Gomez Irene Midikira Richard Mondragon Ara Ignacio Mortensen Allan Mejia Valenzuela Elizabeth Migueis Daniel Monge Alegre Lidia Moschieri Caterina Mejuto Soto Mayte Miguel Augusto da Silva Ribeiro Monge Alonso Diana Mota Aguilar Marcelo Melchor Garcia Maria Esther Miguel Cobo Miguel Moniz Shreyon Mota de Campos Joao Meler Izuel Patricia Miguel Corrales Acuña Montagut Liarte Maria Isabel Motrel Girgas Montse Melero Hernandez Laura Miguel Guerra Stephan Montalvo de la Rosa Francisco Javier Moukheiber Nicolas R Melero Manautou Marcela Miguel Sergio Pappenheim Garrigues Montaner Berges Gabriela Mousavi Syed Hassan Ali Melia Valdivieso Belen Maria Miguel Vizcaino Fernandez de Monte Martinez Julian Moutaftchieva Petia Melian Rodrigo Pedro Casadevante Montemayor Pia Marie Movillo Matta Fernando Melo Leitao da Costa Nuno Pedro Miguelañez Diaz Jose Luis Montes Burgos Gabriel Moya Fernandez Pablo Melul Esquinas Antonio Miguelez Carnicer Alejandra Montes Muñoz Miriam Moya Rossello Miguel Melvin Jose Miguelsanz Roldan Beatriz Montes Neri Victor Gabriel Moyano Martinez Emilio Mena Fernandez Rosalia Mihail Jurca Montes Perez Sandra Moyano Quizhpe Juan Mendaña Sanjurjo Pablo Mikel Arias Montes Ruiz Eder Guadalupe Mozun Colmenarejo Maria Victoria Mendes de Almeida Lopo de Milagros Leon Mendoza Monticelli Manfredi Muhlenbach Marc Carvalho Francisco Millan Urquijo Viviana Angela Montserrat Roman Cerro Muktinutalapati Kartik Mendez de Souza Daniela Millenaar Renz Monzo Adell Sandra Mulchandani Nitesh Mendez Duran Pablo Miller Victorica Ines Monzonis Salvia Jose Mulder Fort Paul Mendez Epelde Constanza Margarita Min Jeong Lim Moon Darren Muller Martina Mendez Ortega Ricardo Minguez Del Rio Raquel Mora-Figueroa Lora Francisco Muller Silvia Mendez Rodriguez Jose Minguez Gabiña Elena Moraleja García David Muller Steffen Mendez Señaris Alejandra Minguez Matorras Jose Morales Torres Leonel Enrique Mulligan Jonathan Paul Mendez-Rocafort Area Francisco Minoretti Francesca Morales Blanco-Steger Natalia Mullor Martin Ernesto Mendivil Hernan Miño Reig Lola Morales Centenera Blanca Munar Rivas Juan Sebastian Mendivil Miral Elisa Mir Seijas Nancy Morales Godoy Domingo Mund Marc Mendonca E Moura Francisco Mira Viñas Maria Morales Heimlich Eduardo Muniesa Zaragozano Pablo Mendoza Johana Miralles Gonzalez Antonio Morales Matos Maria Fatima Munoz Dromundo Rodrigo Antonio Mendoza Garcia-Matres Juan Miranda Alonso Alfredo Gerardo Morales Rozo Tatiana Muñiz Uribe Hernan Mendoza Quintana Raquel Miranda Castillo Juan Carlos Morales Torres Leonel Enrique Muñoz Campos Javier Mendoza Suarez Eliezer Miranda de Larra Fernandez Rocio Morales-Arce Yllera Antonio Muñoz Cobo Miguel Angel Meneghetti Diego Miranda Ramirez Juan Javier Moran de la Hoz María Isabel Muñoz Conde Juan Menendez Gonzalez Fernando Miranda Weeks Sebastian Juan Moran Silva Miguel Angel Muñoz Diez Diego Menendez Torralba Cristina Miravalles Plasencia Ana Morato Feliciano Diana Muñoz Hernandez Luis Antonio Meneses Ramirez Johanna Miric Milos Morawiak Denny Muñoz Juarez Maria Jose Meneses Santamaria Rodimiro Ivan Miro Moriano Francisco Javier Morawiak Sarina Muñoz Manrique Fernando Menichella Rocco Mirzaeeyan Lida Morenes Hoyos Patricio Muñoz Penavades Laura Mensi Tomas Miscioscia Giacomo Moreno Agusti Iñigo Muñoz Peñin Alberto Mentesana Camilla Giulia Mishra Abhishek Kumar Moreno Alvarez Noemi Muñoz Perez Manuel Alejandro Meoli Andres Mitrov Todor Moreno Asenjo Marta Muñoz Ramiro Concepcion Mepandy Toutiri Farel Claudrick Mitzov Dimitar Dragomirov Moreno Bayona Juan Carlos Muñoz Salgado Hector Merhej Philipe Mkiwa Halfan Moreno Botella David Muñoz Siles Francisco Javier Merino Cerezo de los Rios Vicente Modell Jan-Frederik Moreno Caceres Diego Muñoz-Delgado Diaz del Rio Isabel Merino Chacon Angela Moe Jacob Moreno Castellanos Maria Muñoz-Padrós Luis Merino de las Heras Fernando Mohajeri Aidin Moreno Cela Rafael Muokwe Jeanine Merino Fernandez-Pellon Victor Mohamed Lilly Abdulrohman Moreno Escribano Maria Begoña Mur de Viu Bernad Jose Angel Merino Landerer Javier Gerardo Mohamed Al Qamary Amr Moreno Garcia Fernando Murakami Takanori Merlini Laura Mohamed Mahmoud Moreno Garcia Javier Muravykh Vadim Mertens Peter Mohammed Farrah Moreno Jimenez Alberto Murciano Antonio Meseguer Espinosa Maria Soledad Mohanty Gautam Moreno Manzanares David Murguia Sahima Ligia Messianu Retchkiman Joelle Moioli Alberto Moreno Meyer-Alten Alejandra Murillo Montes de Oca Larissa Messina Claudia Mojica Solis Regina Moreno Saiz Silvia Muti Enrico Mesta Cantu Juan Carlos Molina Barberia Pilar Moreno Tomas Alfonso Mutlu Emir Meszaros Gyorgy Adam Molina Estrada Josue Moret Urdampilleta Gonzalo Mutua Madrileña Automovilistica Meyer Rene Molina Menchen Bartolome Morgado Marti Claudia Muzquiz Del Conde Fernanda Meyer-Molleringhof Christopher Molina Mendo Luis Moritz Erick Mwanyisa Tendai Meyster Marina Molinera Ortiz Laura Moro Agud Belen Mysore Subbarao Kishor Kumar Mezcua Garcia Clara Molinero Moreno Alejandro Moro Casquete Pablo Nabil Shayya Wafic Mezzanote Pierpaolo Leonida Molineus Gerrit Moron Rodrigo Maria Reyes Nachon Llanos Carlos Micali Bueno de Moraes Juliana Molleda Herrero Carolina Gil Sanz Maria del Mar Nacif Nacif Cristian Michael David Ricafort Mompean Belmonte Antonio Moros Sanchez Salvador Nadi Joseph IE Foundation Report 80 / 81

Nadim El Zyr Novikov Yaroslav Organismo Publico Puertos del Pakhomov Alexander Nadya Petrova Naydenova Novo Martinez Gerardo Estado Palacios Gonzalez Monica Nahoum Lefevre Enrico Novo Perez Susana Orillac Gabriela Palacios Marrades Maria Teresa Nair Narayanan Vivek Nuber Dirk Orive Martinez Marta Palacios Sebastian Naito Masanori Nuche Sanz Gonzalo Orloff Caroline Palacios Alonso Ignacio Nakov Mihail Nunez Diaz Juan Jose Ornati Luca Palacios Blanes Miriam Nakov Todorov Nikolay Nuno Pina Oro Diaz Alberto Palacios Delgado Milagros Nakrawala Atiq Nuñez Canal Margarita Oroz Guinea Bruno Palacios Martin Fran Nambiearr Devaratth Nuñez Donoso Nicolas Emilio Orozco Andrade Xavier Palacios Ruiz Hector Santiago Namrata Walia Nuñez Fernandez Sara Orrico Santos Marcelo Palanco Trinidad Belen Nana Wilberforce Nuñez Insausti Oscar Orshanski Sasha Palani Pradeep Nandal Dipak Nuñez Letamendi Laura Marta Ortega Bueno Yolanda Pale Ferrer Adria Nannini Alessandra Nuñez Letamendia Laura marta Ortega Cremades Gonzalo Palencia Isidro Angel Narvaez Piqueras Alvaro Nuñez Riveiro Jose Ortega Fernandez Juan Palit Sean Narvaez Roa Pablo Nuño Tutor Agueda Ortega Garcia Belen Marta Palmer Rowan Nassar Sophie Nuria Izquierdo Leon Ortega Gutierrez Mario Palmer Timothy Natalia Franco Vergara Nzuzo Phelenani Ortega Herms Xavier Palmero Ortiz, Gema Navajas Urrestarazu Ivan O Neill de Tyrone Sanesteban Ortega Lopez Alfonso Palomar Balanzategui Ramon Navarro Gloria Barbara Ortega Miranda Carlos Palomero Arcones Sofía Navarro Bedoya Paula Obadagbonyi Courage Ortega Vilchis Mariana Palomero Sanchez Felix Navarro Dols Jorge Obediente Arias Andrea Carolina Ortin Fernandez-Ordas Carlos Palomino Lopez Dolores Alondra Navarro Gutierrez Hugo Oben Charles Ortiz Alvarez Diana Lucia Palomo Hilario Humberto Navarro Martinez Elena Obeso Sanchez Ramon Ortiz Lazaro Gonzalo Pan Yingda Navas Abengozar David Obies Sanchez Clara Ortiz Maillo Adriano Pan Yingjun Mary Navas Gil Beatriz Ocaña Garcia Esteban Ortiz Rosso Carlona Panadero Legorburo Alfonso Nawaf Alabduljader Ochoa Cardoso Alejandro Ortiz Sacristan Hector Panadero Reyes Carmen Nawfal Nabil OConnor Robert Plunket Ortiz Saiz Javier Panchenko Artem Naya Sasot Iban Odio Robles Luisana Ortiz Samanes Maria Panchulidze Gvantsa Negro Antonio Odiogo Chidi Ezekiel Ortiz Simal Jesus Miguel Pandiri Raviteja Neidhardt Tim Odoom Juliet Ortiz Veintimilla Frank Panot Guillaume Neira Palomino Mauricio Oezkurt Levent Oscar Aristot Borras Pant Prabhat Neira Tapiador Ana Isabel Offenloch Andreas Oscar Fente Guerra Pañeda Bocos Isabel Nekrasova Natalia Oh Wei Ming Ospina Acero Danny Alexander Papadellis Nikolaos Nelis Rutger Ohanian Sevag Ospina Loza Pedro Nel Papadopoulos Thierry Nenna Francesco Ohno Chisachi Ospina Pizano Carmen Papciak Martyna Neo Chai Chian Veronica Ojeda Gonzalez Victor Manuel Osseiran Rayan Paradinas Zorrilla Cristina Neudorfer Lior Ojeda Peñaloza Gonzalo Ossi Gabriel Paradiso Jose Neumann Manuel O’Keefe Michael Osterballe Anders Paramo Sanz Juan Neusser Franziska Okoro Chidi Osuna Fong Adriana Pararasasegaran Nillakshi Ahalya Neuwirth Leonardo Okung John Otamendi Garcia Jalon Maria Antonia Parareda Farriol Pol Neves Richard Olaguibel Sabin Cristina Otazu Elia Parashchanka Mikita Newman Jeremy Alan Thomas Olavarria Delgado Luis Otegui Imaz Francisco Otto Pardi Alvarez Marianna Nicolas Blanco Javier Olay Alonso Bruno Otero de Lucas Sergio Pardiwalla Anosh Nieto Daniella Olaya Leon Cristina Ounir Amal Paredes Garcia Silvia Nieto Combariza Alejandro Olga Ovalle Gonzalez Javier Parihar Gaurav Nieto Lopez Alvaro Olimpieri Chiara Ovejero del Campo Angela Park Junghyo Nieto Orozco Fernando Oliva Rodriguez Agustin Ozekinzi Volkan Park Yung gon Niioka Hidero Olivares De la Fuente Marcos Oztaskin Selva Dilek Parker Bobby Niizu Keiji Olivares Ferre Luis Pabari Niraj Kumar Parra Saura Alvaro Nir Nitsan Olivares Lopez Samuel Pablo Callejo Nieto Parra Buron Francisco Jose Njeim Pamela Omarova Aysel Pablo Casado Landázuri Parra Hernandez Carolina Njoku Uchechukwu Obinna Onafeko Samson Pablo Fernandez Iglesias Parras Martin Maria Teresa Noemi Lopez Naya Onishi Taro Pablo Galarraga Moreno Pasaban Lizarribar Edurne Noemi Sanchez Garcia Onwu Peggy Pacas Vilanova Fernando Pascual Escudero Luis Noeth Normen Orabi Sebaa Pacas Viscarra Laura Pascual Espinosa Francisco Noguera Alba Lola Ordish Matthew Pacheco De Jesus Katherine Pascual Posada Jaime Nohra Jad Ordoñez Labrador Miguel Pacheco Martinez Carlos Eduardo Pashchenko Svetlana Nolck Pinedo Daniella Ordoñez Simmonds Jose Manuel Pacheco Quiroga Diego Pasi Arjun Noman Haris Orellana Anguiano Mariela Padilla Raza Martha Jessenia Pasqualini Mariano Nori Anantha Krishna Orellana Heredia Vanessa Padron Perez Angelica Pastor Ibañez Sol Noriega Cardenas Juan Sebastian Orelle Llorente Juan Pablo Page Hernandez Alejandro Pastor MartInez Ignacio Nosarev Anton Orfila Diaz-Pabon Luis Pagnin Alessandro Pastor Roy Francisco Pastorino Cesar Ruben Perez Birichinaga Jorge Pintado Sanz Asela Puleggi Alessandro Pastor-Magrina Ignacio Perez Calderon Miguel Pinto Mickael Pumar Silveira Ana Patel Kirit Perez Calvani Daniel Pinto Rego Natalia Pumar Mendez Oscar Patel Rushikesh Perez Crespo Antonio Pintol Arnes Pumarejo Heins Jaime Patel Feroz Behzad Perez de Lazarraga Viguri Borja Pinzon Cornejo Nicolas Pungitore Rita Patella Francesco Perez de los Bueis Martin Patricia Pinzon Diaz Jose Fernando Puñal Hernandez Carlos Patnaik Santosh Perez Espinosa Alberto Piñeiro Perez David Purata Gonzalez Ana Marcela Patricia De Aristegui Arroyo Perez Espinosa Santiago Piñero Veitia Andrea Eugenia Pushpangadan Sanju Patricia Gabaldon Quiñones Perez Fabra Ricardo Jose Piñeyroa Sierra Carlos Puttbrese Svenja Celina Patrick McNulty McNulty Perez Fernandez Monica Piotto Agustin Python Olivier Patunkar Pravin Perez Gonzalez Alejandrina Piper Stephen Qadiri Fatima Paulo Carvalho Espindola Ribeiro Perez Herrera Juan Maria Piquer Altarriba Carlos Qilong Wang Paulose Vinay Perez Manauta Casas Diego Pire Castaño Gloria Qiu Chenfeng Pavignano Stefano Perez Marin Elena Piro Rosa Querndt Lars Pavlova Alla Perez Martin Jesus Pisani Castañeda Emilia Isabel Zacil Querol Novel Carmen Pilar Pavlovich Anastasia Perez Martinez Raquel Pittier Garcia Luisa Quesada Morua Lil Paz Villanueva Monica Perez Muñoz Pedro Pizarro Bañuel Manuel Quijano Diez-Velasco Ignacio Pazos Rodriguez Roman Perez Ortega Gabriel Platin Pugliese Maria del Rosario Quilez Sarda Cristina Pazos Morante Andres Manuel Perez Perez Caterina Plaza Hernandez Daniel Quinteiro Masini Vanessa PC City Perez Perez Juan Miguel Plaza Tolon Pablo Quintero Medina Ana Maria Peck Joel Perez Pombo Diego Plotkina Anna Quiñonero Aloy Santiago Pedraza Carvajal Lura Perez Quezada Jefferson Podenzana Alice Quiñones Rodriguez Janice Pedreira Martin David Jose Perez Redondas Juan Podesta Torres-Llosa Marisa Quiroga Cajias Bernardo Pedreira Tapia Jose Perez Salillas Alberto Podstreshnaya Anfisa Quiroga Rodriguez Maria Isabel Pedreschi Ibañez Graciela Perez Turrado Carlos Poh Jennifer Rabadan Roldan Jesus Pedro Fernandez Molina Perez Velasco Alberto Pol Gutierrez Francisco Racanelli Giuseppe Pedro igor Camara Casquero Perez Zapata Moises Poladura de Armas Ignacio Rach Markus Pedro Martinez-Albornoz Cardesa Perez-Arda Precioso Paula Isabel Polanco Gonzalez Juan Rached Joe Pedro Sabido Oliveira da Silva Perez-Lafuente Suarez Leticia Polis Alexander Rachetti Perez Agustin Manuel Pedro Salesa Perales Permicheva Anastasiya Poltavtsev Sergey Radice Alberto Pedrosa Gomez Francisca Peroni Pedro Pons Pereda Jose Rodrigo Radigales Galdeano Raul Pelaez Albertos Sergio Perricone Antonio Pont Lopez Laura Radunovic Luka Pelaez de Castro Jorge Perrone Diego Porcar Lozano Emilio Jose Radwan Romain Pelarda Diaz-Aldagalan Cristina Perrone Martin Miguel Porot Romain Rafael Garcia Gutierrez Pelechano Barahona Esther Perry Michael Porras Alvaro Cristina Rafael Martinez San Jose Peman Lahuerta Juan Pesqueira Franco Eugenio Portela San Martin Lino Raffoul Hafiz Peña Garcia Maria Petermeier Bernhard Porter Eisho Ragab Haytham Raouf Fathy Peña Prado Javier Petersen Roldan Hugo Alberto Portugal Cantera Laura Ragheb Ribal Peña Velandia Guillermo Petetta Alessandro Posse Mariona Nicolas Rahle Krstulovic Nila Pia Peña Zulueta Diego Petracca Francesca Potts Sarah Garland Rahmani Lida Peñafiel Recio Juan Petrone Andrea Poyatos Castilla Sergio Raimondo Ercilla Antonio Perales Gomez Victor Peyre Jeannette Poza Peña Jesus Raina Namrata Perales Roncero Nuria Phan Yves Quang-Vinh Prachi Banga Rajanaidu Ganesha Peralta Carlos Manuel Philip Petersen Prado Isabelle Rajoy Garcia Enrique Peralta Adrover Marc Piaggio Pereira Roxana Giannina Prasad Akhil Rajpal Gurjit Peralta Echeverria Alberto Jose Piao Jindan Prateek Rathore Raker David Perandones Peidro Antonio Piazza Christopher Prats Navarro Javier Ral Nicolas Mirete Perdomo Lorenzo Jose Severino Picallo Orell Leandro Preetam Paul Ramadan Fouad Perdomo Mesa Jimmy Picamilho Vasco Prida Sanchez Beatriz Ramakoti Nitin Perdomo Zuvela Mara Isabel Picasso Clarke Jorge Prieto Lopez Valentin Ramalho da Cunha Elisabete Perea Garcia Mercedes Pichon Pascal Prieto Menendez Elena Ramanathan Vijay Pereira Jambrina Eduardo Picon Arjona Borja Prieto Moreno Pfeifer Maria Luisa Ramesh Sharan Perera Anton Julio Piedrahita Tamayo Luis Priyanka Jain Ramirez Daniel Perera Arango Luis Pilar Urbon Manchon Prochazka Guillermo Ramirez Amelia Luis Sebastian Peres Helga Luciana Salvaterra Pilotto Koritschoner Florencia Prost Roseline Ramirez Amoretti Marcos Peretti Marianna Pimentel Serpa Joana Proulx Eric Ramirez Brenes Maria del Pilar Perez David Pineda Ricardo Puche Paya Javier Ramirez Haucher Angela Perez Juan Joaquin Pinilla Matiz Nelson Puente Sybila Ramirez Martinez Juan Alejandro Perez Love Gregorie Pinillos Burgos Francisco Puerto Lozano Fatima Ramirez Onaindia Arturo Perez Abad Garcia Conde Emilio Pino Barreda Manuel Pueyo Aparicio Monica Ramirez Toraño Jose Luis Perez Acin Beatriz Pino del Alamo Samantha Pueyo Brochard Chloe Ramon Muñoz Gema Perez Ayala Maria del Carmen Pino Lopez Coralia Puig Lopez-Madrid Javier Ramon Valcarcel Maria Isabel IE Foundation Report 82 / 83

Ramos Filipa Reyes Sandoval José Alejandro Rodriguez De la Rua Lucas Rosello Vilarroig Graciela Ramos Herrera Jorge Reyes Warthon Marco Antonio Rodriguez de Llera Gonzalez Delia Rosholt Mesarina Stephen Alexander Ramos Egido Julia Reynolds Alvarez Rocio Rodriguez Dehureau Sylvia Rossano Simone Ramos Martinez Javier Rhodius Joaquin Rodriguez Eulert Ingrid Daniela Rossell Martinez Ferran Ramos Nuñez Johanna Ribeiro Novo Santos Luis Alfonso Rodriguez Fernandez Javier Rossello Tudela Diego Guillermo Ramos Zanetti Fernando Henrique Ricardo Ricciardi Vasconcelos Rodriguez Garcia-Redondo Lara Roth Joel Ramsdal Marie Rico de Bergia Jose Alvaro Rodriguez Gonzalez Melany Rothschuh Castillo Marcelo Ranatunga Wallis Rico Perez Jose Carlos Rodriguez Gonzalez Raquel Begoña Rouhana Joseph-Francois Rand Jim Ricoma Mestres Jordi Pol Rodriguez Gracian Nicolas Rousse Marante Iñaki Xabier Ranninger Stephanie Ricoma Mestres Mar Rodriguez Herranz Gonzalo roux francois Rapallo Toquero Miguel Riegerbauer Regina Rodriguez Lamus Juan David Roy Matthew James Rappaccioli Mario Riera Burset Jordi Rodriguez Mateo Eva Ruano Fernandez Pablo Raquel Dominguez Villalba Rikhia Chakraborty Rodriguez Milagros Johana Ruben Antoranz Garcia Raquel Esteban Fernandez Riley Lily Rodriguez Modroño Jorge Rubinstein Escobar Susana Raquel Martin Benito Riley Tom Rodriguez Moro Marta Rubio Moreno Gabriela Patricia Ratcliff Philip Rimawi Tarek Rodriguez Mosquera Javier Rubio Muñoz Maria Rath Samir Rincon Bravo Roberto Rodriguez Prada Hugo Rubio Rueda Carlos Rathi Shilpa Rincon Peñuela Lina Rocio Rodriguez Rivero Elena Rubio Villavicencio Dalmary Beatriz Rau Stefan Ringstad Paal Rodriguez Rodriguez Carolina Rubio Zornoza Lucas Rauenzahn Mark Rios Cazares Mariana Rodriguez Rodriguez Miguel Antonio Rueda Ferrero Antonio Raul Morato Alocen Rios Gajate Eduardo Rodriguez Suarez Raquel Rueter Constantin Raul Roman Romero Rios Torres Marcos Rodriguez Zanon Kenelma Ruffo Rosa Alba Raventos Montal Thais Riosalido Alonso Maria Dolores Rodriguez-Fraile Garcia-Alegre Ruiz - Jarabo Valdes Rafael Real Muñoz Jesus Rioseco Gallardo Carolina Andrea Andrea Ruiz Almonte Rocio Del Carmen Rebollo Fernandez Maria Ripoll Alcalde Francisco Rodriguez-Lopez Almudena Ruiz Arias Raquel Reboredo Santamaria Rodrigo Ripoll Graells Gabriela Roesle Chad Ruiz De Lorenzo Samuel Recarte Perez Loizaga Mireya Riquelme Galmes Marta Roesle Georgine Ruiz de Villalba Florez Luis Javier Recio Alonso Maria Risco Camacho Victoriano Rogozin Nikita Ruiz Escribano Francisco Regalado Campos Mª Luisa Riskin Jonathan Rohilla Tarun Ruiz Garcia David Reginato Andrea Javier Rist Laura Valentina Roja Rivera Karina Ruiz Guillen Javier Reguera Ferrer Alvaro Rivas Becerra German Ricardo Rojas Gonzalez Marlene Ruiz Moreno Horacio Julio Rehman Syed Shoaib Rivas Cid Roberto Rojo Navarro Sofia Ruiz Perez Roberto Reiber Derek Rivas Gomez de Llarena Maria Roldan Abalos Octavio Ruiz Rubio Valeriano Reid Nicholas Rivera Lopez Hanna Gabriela Roldan Notario Roberto Carlos Ruiz Ventura Belen Reig Rincon de Arellano Maria Rivera Luis Roger Marilena Roldan Pignatelli Fernando Ruiz Vizcaino Jose Antonio Reigia Vales Rosa Rivera Palazuelos Ricardo Roldan Pinillos Francisco Javier Rungta Ankit Reina Ibañez Cristina Rivodo Rojas Maria Corina Roldan Pinillos Maria Ruperez Cerqueda Marcos Reinfeld Walter Rivotti Rodolfo Rolin Jacquemyns Guy Robert Ruprecht Nicolas Reis Ferreira Pedro Rizwan Jameel Rolla Valentina Rupsys Rolandas Reis Ferreira Pedro Robard Paul Rollus Jeremy Rusche Heinrich ReMine Kimberly Robart Alison Rolon Guerra Angel Rushabh Shah Remko Poierrie Roberto Verdu Groetsch Roman Viktor Russell Thomas Rendo Rodriguez David Robertson Scott Roman Garcia Sandra Rustagi Bhuvan Rendon Kahn Joao Macias Robledillo Garcia Javier Romanholi Renata Rustamov Madad Rendon Rodriguez Alexander Robles Lucena Gonzalo Romera Marroquin Miguel Rustamzade Toghrul Renjifo Ortega Santiago Roca Santistevan Daniel Romera Soto Alicia Ryosuke Matsui Renner Christine Rocca Santiago Romero Alvarez Maria del Carmen Rysmambetov Rassul Renovato Juliana Roche Nicolas Romero Carrion Soledad Saad Amine Rentero Paula Rocio Barbier Avanzini Romero Casado Fernando Saadih Basel Requena Muxi Fernando Rocio Mendez Agea Romero Diez-Canseco Luther Ignacio Saadih Bassam Restrepo Bernal Santiago Roda Lynch Diego Romero Finger Catherine Saavedra Barrios Carlos Fernando Restrepo Davies Juan Manuel Roda PlazaPonte Erwin Gabriel Romero Lopez Ricardo Sabanza Teruel Carlos Luis Restrepo Gomez Marcela Rodal Perez Maria Romero Maldonado Ana Sabater Torrontegui Antonio Retamar Garcia Juan Miguel Rodrigo Andres Tejada Castillo Romero Raspeño Antonio Sabater Navarrete Paloma Reuter Antonia Rodrigo Pastana Tozo Romriell Lucas Sabbagha Photiades Edmond Reutter Oliver Rodrigo Piqueras Luis Alberto Rong Rong Sabiene HEINDL Rey Martinez Teresa Rodriguez Alcaide Juan Roquero Monfort Erik Sabo Darren Reyes Zaiter Ivelisse Rodriguez Alvins Gabriel Roquette Geraldes Duarte Sabo Waisman David Reyes Carlin Yessica Rodriguez Barahona Pilar Ros Gutierrez Violeta Saca Jimenez Julio Reyes Gonzalez Mayra Sofia Rodriguez Corcobado Teresa Rosa Maria Gonzalez Carquijero Sadala Schwab Tatiana Reyes Pinilla Laura Rodriguez Corral Sergio Rosales D Greogorio Daniela Saddi Yasmina Reyes Ramirez Juliana Rodriguez de la Hera Alberto Emilio Rosales Julca Sofia Luz Sadegh Meysam Sadeq Hadi Sanchez Page Mario Saxena Supraneet Sevilla Zumalacarregui Clara Sadigli Hasan Sanchez Pato Ricardo Sayal Nalin Sforza Escales Luciano Saez Fraile Jorge Sanchez Paton Rodriguez Alvaro Saygi Havva Didem Shah Akshay Saez Herrera Pablo Sanchez Pozo Alberto Sayn Wittgenstein Christian Shah Omprakash Saez Sanchez-Fayos Amparo Sanchez Rodriguez Veronica C Sazer Doruk Shah Yash Saha Mitra Saswati Sanchez Roldan Eduardo Scalzaretto Trincado Marina Shahi Desh Deepak Sahagun Tostado Gemma Sanchez Torres Javier Schaepman Rob Ivan Shalach Arora Sahelices Caballero Teogenes Sanchez Vega Guillermo Schifter Kleiman Addy Shalini Jain Sahil Gilani Sanchez-Galan Ignacio Schildknecht de Rivas Carolina Shangari Pankaj Rishi Sahu Bhaskar Nirupama Akash Sanchez-Mayoral Moris Lucia Schmaehl Barbara Christina Shanidze George Saija Orlando Sancho Rodado Elena Schmid Lasse Shanker Abhishek Saint-Pierre Aurelie Sancho-Tello Safont Cayetana Schmitz Elodie Shapira Galit Sainz Seda Ana Maria Sandhu Tejpal Schneider Camargo Marcelo Shariff Tanya Sait Gunsel Sandu Cristina Schneider gomes Christine Sharma Akash Saito Koichi Sangarne Marc Schreiber Celine Sharma Gaurav Saiz-Maza Fernandez Nieves Sanjay Prateek Schreyvogel Maurus Sharma Prateek Salameh Richard Sanjuan Begoña Schuchardt Christian Sharma Ranjana Salas Fuentevilla Antonio Sanjuan Benito Dehesa Ignacio Schupp Saskia She Yifeng Salazar Gonzalez Cristina Sans Quiroz Juan Pablo Schwarz Antonis Alexander Shea Erik Salazar Long Jorge Leopoldo Santamaria Fernandez Sara Schweighoefer Tino Shebunyaev Alexander Salazar Lopez Sergio Santamaria Gonzalez Pilar Scorolli Lucia Shehabi Faris Salazar Pentagna Guimaraes Julio Santamaria Sanchez David Sebastiano Silvestri Shenouda Nada Salcedo Manuel Santaolalla Garcia Francisco Javier Sedeño Cerda Alexandra Sheth Maheshkumar Vikas Saldaña de la Campa Miguel Angel Santaolaya-Cesteros Maria Seelam Lalitha Shhada Simon Tareq Saleerat Duangkamol Santiago Tamara Seelhorst Benedikt Shi Chenxi Salgado Sancibrian Pedro Santiago Alvarez Cristina Segura Mendez Francisco Shiery Jonathan Salhov Shai Santiago Dejesus Andres Javier Segura De Carpio Maria Mercedes Shigeo Ito Saliba Rabenhorst Marco Aurelio Santiago Uribe Velasquez Sehgal Akhil SHIN DAE SOP Salinas Gustavo Santin Raffaele Sehgal Gaurav Shinae Lee Salinas Casanova Jose Maria Santistevan Gutierrez Jose Osvaldo Seidel Kathrin Shira Rahul Salinas Morales Alfredo Santos Correa Ceres Seijo Veiguela Emilia Shirley Kevin Salomon Hallak Gabriel Moyses Santos Maldonado Lorena Seike Tsuneyuki Shrinivas Raajesh Salva Palomeque Maria Antonia Santos Pereira Pedro Seitan Miruna Shun Hara Salvador Barrero Diego Santos Perez Rafael Selin Aydogan Sibahi Abdul Rahman Salvador Rodriguez Pablo Santos Rivas Saul Adolfo Sella Freire Isabella Sickmueller Maren Salvan Teodora Viorica Santos Rodriguez Veronica Semeraro Antonio Siddique Aijaz Salviejo Delgado Alberto Santos Sande Carlos Alberto Seminario Timarchi Manuel Siering Jennifer Samade Frederic Sanz Aubert Brian Sempere Entrambasaguas Marta Sierra Arias Sara Samarjian George Sanz Del pozo Begoña Senan Vidal Larissa Sierra Benayas Alfonso Samayoa Pascual Luis Alfredo Sanz Goznalez Felix Jorge Senocak Arihan Burak Sierra Gomez Manuela Sampaio e Mello Schmidt Joao Sanz Jimenez Monica Seoane Gonzalez Jose Miguel Sierra Lippmann Fernando Samuel Cavaleri Sanz Sanz Pedro Seoane Rodriguez Ignacio Sierra Meseguer Eugenio San Andres Jaime Esther Sanz Tirado Elena Seong Uk Kim Sierra Rocafort Vicente San Gabino Alzola Angel Sara isabel Flores Zuñiga Serafin Alvarez Sergio Sihombing Paruntungan Sanches Rodrigues Ines Sarabia Ruperez Miguel Hermann Serena Innerarity Beatriz Sikka Ashish Sanchez Mariana Saracho Bernad Hector Sergio Alejandro Pelaez Albertos Siller Vasquez Mellado Claudia Sanchez Ubanell Gonzalo Saracho Navarro Elsa Sergio Diaz Melgar Susana Sanchez Carpintero De la Vega Saraf Sakhi Sergio Iglesias Martin Silva Miguel Carmen Sarah Bonau Serna Estrada Alfredo Silva Fortes Andrea Sanchez Cossio Terry Jaime Saralegui Gomez Laura Serquen Ugarte Carlos Augusto Silva Nava Aaron Sanchez Crespo Lopez Laura Sarasola Jaudenes Francisco de Borja Serrano Alvarez Esteban Silva Sarmiento Hollman Sanchez Diaz German Sardarly Nariman Serrano Castaño Silvia Silverio Emmanuel Sanchez Emmerich Isabel Sarmiento Martin Jaime Serrano Escudero Maria Angeles Silvia Vargas Julian Sanchez Fernandez Angela Sasa Bledion Serrano Fernandez Divar Antonio Siman Katia Sanchez Gomez Alex Sasaluxanon Sunti Serrano Martin Carlos Alberto Simon Cartaya Claudia Sanchez Jimenez Jose Antonio Sauleda Silva Javier Serrano Martin Laura Simonelli Carlo Sanchez Martinez Alberto Saumell Espada Maricel Serrano Ortiz Jose Antonio Simpson Michael Sanchez Martinez Ignacio Saura Diaz Ignacio Serrano Perez Javier Sin Asignar Sanchez Mendo Pablo Saurabh Tiku Serras Rito Diogo Singh Ankur Sanchez Mentrida Fernando Sauvageau Maxime Sesma Sutil Juan Jose Singh Ekmeet Sanchez Mora Hector Savona Giorgio Settle Ben Singh Kshitij Sanchez Morales Javier Luis Sawaqed Hana Severo Girao Vasco Singh Richa IE Foundation Report 84 / 85

Singh Ripu Daman Stokes Shyamolie Tamas Marius Catalin Touchette Simon Singh Sengar Sushant Stolz Linus Tamayo Ramos David Touriño Esperon Jose Manuel Singhal Abhishek Stone Elliot Tamez Peña Ana Tralci Boussaroque Jose Alfonso Singhal Aseem Stottrup David Tamsa Maria Cristina Tramutoli CHiara Sinha Aanchal Stoyanovych Nataliya Tamta Shermadini Trapero Soleto Pablo Sinha Aditya Stoyantcheva Marina Tan Simon See Loon Trebolle Baamonde Ana Maria Sinha Anirban Stradtner Paige Tan Sun Sun Tremblay Anne Laure Sinisterra Tenorio Federico Strand Andre Tanaka Maresuke Tretyakov Ivan Sinno Omar Straub Michael Tang Wan Yuk Trevino Humberto Sintes Alexandra Strazding Evgeny Tapia Casellas Guillermo Felix Triana Alonso Maria Cristina Siriklioglu Nihan Streich Stephen Tarawali Andrew Tribalat Fanny Sitges Aparicio Maria Consolacion Strickman Michael Tarralle Francois Trigo Muñoz Jaime Sivakumar Lakshmicharan Strini Andrea Tavares de Almeida Monteiro Jorge Triguero Cordoba Javier Sivilla Beltran Almudena Stumpf Julia Manuel Trigueros Salaverria Andrea Siza Vieira Joao Maria Correia Martin Suarez Contramaestre Rafael Tavrin Andrey Trigui Adam A. Skora Caroline Suarez Dominguez Jose Manuel Tawakkaly Ahmer Trimiño Sampedro Elisa Smal Yulia Suarez Dominguez Juan Luis Tayara Marwan Trinidad Phang Jose Ivan Smetannikov Yelena Suarez Fernandez Clara Taylor Jeffrey Tripuraneni Aditya Smirnova Anastasiya Suarez Gonzalez Bernardo Teixeira Borges Eduardo Troni Fabio Sneha Khanolkar Suarez Lacalle Pilar Tejani Suleman Trueba Rodrigo Snyder Stephany Suarez Martinez Felipe Tejedor Diago Ignacio Trufanova Olga Sobrado Ciria Pedro Suarez Valencia Carlos Andres Tejero Mayor Alberto Truszczynski Sarah Sobremonte Sheryll Subramanian Karthikeyan Tejero Mayor Catalina Truyols Juan de Sentmenat Fernando Soerboe Kjetil Such Martinez Olga Tellez Long Rodrigo Tshepiso Mohale Serialong Sofia Skorila Sudame Gokhale Gauri Temirbekova Dariya Tsiakas Georgios Sohi Davy Sudheendrra Guruprasad Terol Conthe Alberto Tudela Navarro Rafael Sojatia Anshul Sugimoto Tomoko Terron Aranda MarIa Dolores Tuñon Pita Elena Sokolov Igor Sugita Yoshitaka Testa Veronica Tur Ricardo Sole Morello Leandre Sukhobaevskiy Konstantin Tezier Marion Justine Mathilde Turiel Casado Carlos Soler Gonzalvez Cristina Sullivan Patrick Thahen Abdulaziz Turner Greg Soler Samper Francisco Sultan Loay Thaticherla Sai Sreedhar Turner Matthew Robert John Soler Villanueva Ana Lucia Sun Han Kocchiu Juan Jose Thayer Terri-Lynn Tvenstrup Brian Solves Garcia Francisco L Sundarammoorthy Ganesan Thomas Rachel Tyler Jacob Somasiri Rasika Sundharam Rachel Thorsten Broszies Tyre Sarah Somoano Cristina Suraev Sergey Thottan Sindhu Tziovas Alexander Sonakshi Bhandari Surajpal Dhiresh Thrane Marie Ubero Ambel Jorge Song Kaiwen Kelvin Suri Rohit Thygesen Julie Damsgaard Ubierna Jesus Sonia maria Sunye Albarracin Susakova Victoria Tirado Tewes Ana Ucieda Somoza Tomas Sonnicksen Kayla Susan Friedell Tisner Giraldo David Uda Akino Sood Gaurav Susin Galan Fernando Tobias Rodriguez Cristina Ueki Chika Sorina Manica Susott Gregory Toksoz Sila Ueta Kouhei Sotelo Bustos Sergio Suter Joshua Toledo Dominguez Andres Ugaz Herrera Claudia Soto Bernard Isabel Sutera Luca Tomas Estelles Ana Umashankar Kamini Soto Castañeda Juan Jose SUZAKI Daisuke Tome Perez Almudena Unakul Norataj Soto Healy Carlos Swamy Ajay Tominaga Yu Unceta-Barrenechea Esther Sotoca Aznar Pedro Sweeting van Maanen Catherine Tomoyuki Ozawa Ungrita Loma Guillermo Sousa Goncalves Sara sweta rai Tonini Davide Unrein Casey Speich Dominik Swieed Arwa Torcato Nuno Urcola Telleria Ignacio Spickschen Henrik Sybachina Irina Tori Bracamonte Renzo Humberto Ureta Mesa Luis Squadrito Nuñez Marissa Antonella Syma Daouk Toro Prieto Joaquin Urgel Varela Julio Srdjan Vujasin Szemzo Valdirio Carla Torralba Garcia Andres Uribe Stephanie Srinivasan Malaiappan Sztabholz Maxime Torre De Silva Lopez De Letona Victo Uribe Catalina Srivastava Ruchir Tabanera Gonzalez Almudena Torre Lopez Juan Antonio Uribe Perez Mariana Amelia St Aubin Max Tabet Tanios Torrens Campins Pere Urraca Gutierrez del Alamo Miguel Staggs Nicole Megan Taboada Ulloa Laura Torres Agudo Teresa Eliseo Stahl Tani Tadayon Sarvenaz Torres Chavez Lorena Urueña Gutierrez Roberto Stamerra Gianluca Taeg Yeong Gong Torres Monteagudo Patricia Carolina Usha Ramachandran Manu Stanczuk Natalia Tafelmaier Andrea Torres Pacheco Maria Fernanda Uso Alonso Buenaposada Carlos Stanley Yong Tagliari Giuliano Torres Serna Jose Javier Usquiano Vanini Antonio Jose Stanojevic Marko Tagliavia Daniele Torres Sobenes Katherine Utmelidze Aleksandre Stechel Alexander Taglioli Nicola Torres Tellez Vianney Vaello Margarit Jose Miguel Stefano Cinquina Taiano Filippo Torres Zalba Pablo Vakhedi Ernest Stewart Jurgen Lance Talavera De Belaunde Alejandro Torres-Moncayo Manuel Valcarcel Garrido Jose Angel Stinglhamber Charles Louis Talcott Curry Alexis Torres-Muñoz Galan Gonzalo Valdes Gallo Paloma Stoffelsen Tim Tamara Lewicky Kardel Tortajada Olaso Emilio Valdes Pombo Pablo Stojanovic Aleksandar Tamara Zeidan Toth Bernadett Valencia Cano Carlos Valencia Gonzalez Juliana Verdu Aguilar Enrique Von Oppen Constantin Ydrovo Camargo Roberto Mario Valenciano Martinez Almudena Vergara Hazburn Gabriel Andres Vout Nicolas Regis Yeboah Asabea Afua Valenzuela Huertas Rafael Vernier Waldraff Eduardo Giuseppe Wahl Casey Yelo Garcia Alejandro Valerio Cascajo Roberto Veronica Messina Waintrop Nahuel Eleazar Yessica Alvarez Martinez Valero Muñoz Juan Verre Francesco Wald Leah Yi April Valero Alberto Verspreeùwen Reginald Walker David Yi Ping Hung Valikhanov Kamal Via-Dufresne Perena Natalia Walsh Stephanie Yoo Jaewoo Valladares Corral Cristina Vial Claro Leonidas Walter Inga Yoo Jeong Hoon Vallejo Garcia Carlos Vibran Linn Serina Wamwandu Midika Everlyne Yoon In Vallejo Khoury Vanessa Vicente Botella Javier Tomas Wandrekar Ranjit Yoshizumi Shingo Valles Zariova Andres Vicente Cortes Diego de Jesus Wang Jun Young Hansen Brian Valls Lozano Sonia Vicente Gracia Moreno Wang Lei Young Micah Skye Valverde Bagnarello Daniel Victor Dos Santos Fernandez Wang Xiangzi Yousry Zaki Tamer Valverde de la Cuesta Rocio Victor Hernandez Paula Wang Xin Youssef Ahmed Van Harreveld Mitzi Laszlo Victoria Sollet Galean Wang Yan Youssef Rami Van Het Kaar Martijn Victoria Suarez Marixcela Wang Yi Yu Leran Van Hoeken Joris Vidadi Shirinov Wang Yong Yusra Altawil Van Vonderen Whitney Vidal-Abarca Garcia Paloma Wanninger Uta Yuval Yifrach Vanessa Aymard Aveledo Vidaurreta Ramirez Rafael Watanabe Daisuke Yuyun Hartono Vanessa Sucasas Vidri Caruso Valeria Wegener Florian Yves Elias El Hage Varanasi Prithvi Kumar Reddy Vidri Coll Gema Wehrli Patricia Zafra Leal Alvaro Varela Andrés Jose Antonio Vidueira Martinez Senen Weide Alina Zaharovs Vladislavs Varela Gomez Laura Viedma Moreno Esther Weijers Aurelie Zaher Yousef Varela Izquierdo Luis Miguel Vieira Joaquim Carlos Weinstock Braden Zahner Timothy Varela Miragaya Maria Jesus Vigueras Muñoz Fernando Weisman Carrie Zalama Hernandez Alicia Isabel Varela Miura Montserrat Vijay Khiani Vivek Weismann Thomas Zaldivar Notario Irene Varela Santamaria Jose Javier Vijayakumaran Govind Weissmann Verder Hiske Zambrano Barrera Pilar Eugenia Vargas - Caballero Lopez Bruno Viktor Strauch Wellemeyer Kathryn Zamora Carrera Alexandra Vargas Muñoz Esther Vila Garrido Pablo Weller Felipe Zamora Pons Luciana Ines Varotto Elena Vila Villar Jacobo Werneke Christoph Zamorano Gallego Maria Paula Vasquez Fernandez Elena Vilarrubis Peggy Werrie Quentin Zamorano Martin Guillermo Vasquez Fernandez Nicolas Vilches Ros Mar Wheatley Samantha Zanoguera Tous Maria Francisca Vasudevamurthy Madhusudan Villacampa Sanclemente Ramon Wheelock Noah Zapata Agruña Jose Antonio Vay Laura Villagran Flores Oscar Whitworth Nicholas Zapata Aldana Diego Andrés Vazquez Guillermo Villalobos Pacheco Constantino Wiegers Guillermina Zapata Taveras Alejandra Vazquez Pineda Antonio Luis Villamil Esqueda Guillermo Wiesner Markus Zara Chiarelli Bruno Vazquez Alvarez Ivan Villanueva Arellano Guillermo Wig Vikas Zaragoza Riera Marcos Vazquez Dominguez Mariano Villanueva Gomez-Angulo Joaquin Willis Marcela Zdravkova Kirilova Mariya Vazquez Goznalez Francisco Villanueva Rodriguez Tomas Wilson Rose Zeidler Toshiko Vazquez Mendez Jose Manuel Villar Ibañez Alberto Wodewotzky Marina Zeiler Christian Thomas Vazquez Perez Maria Nuria Villarreal Garza Hector Woelk Viktor Zeina Hankach Vazquez Roman Elena Villarroel Rodriguez Borja Wolf Markus Alexander Zethof Judith Vazquez Tejero Roberto Carlos Villarrubia Mendez Gema Maria Wolski Daniel Zhang Feng Ved Prakash Chauhan Villas Hernandez Eva Woo ByungHyun Zhang Gaoxiang Vega Cervera Francisco Villasante Quintana Rafael Woodard Theresa Zhao Jingjiang Vega Garcia Elvira Villaseca Palomeque Katia Wrede Peterson Bethany Zhi Yuhan Vega Martiarena Ignacio Villaverde Izaguirre Felix Wright Sol John Zhou Deming Vega Volk Josephine Villazon Alvarez Patricio Alfredo Wu Tsaiyin Michelle Zhou Yi Vela Diaz Viviana Villergas Ramos Alvaro Wyss Astrid Juliette Zhu Jie Vela Echevarria Guillermo Villet Gregoire Xavier Pierre Zhukov Andrey Vela Muñoz Beatriz Vincens Jensen Christian Xavier Lourenco Marcelino Ziadi Trives Sonia Velasco Mateos Ana Isabel Vincent Menchini Xinyu Deng Zimeri Chacama Nadia Adriana Velasco Moreno Ana Viribay Miranda Maria Luisa Xue Yafei Zinsli Urs Velasco Ocaña Maria Visani Paez Ana Luisa Xun Zhong Jie Zinsman David Velasco-Jones Lucia Visentini Tommaso Yakzan Mounir Zivkovic Peric Dragana Velayudhaperumal Rajkumar Vitale Loredana Yalda Sharam Afrashteh Ziwar Hossam Velaz Redondo David Vivero Aguero Daniel Eduardo Yanez Garcia Xiana Znamenskaya Anna Velazquez Alonso Anahi Vivero Galarraga Carla Yang Wanqing Znamenskiy Alexey Velazquez Santiago Celia Vizcaino Martin Manuel Alejandro yanga ketcha Stephane Zoco LLardia Graciela Maria Velez Laura Vizcarra Nathaniel Yap Mia Kai Zubiaur Corrales Gisella Veloso Alves Pereira Marta Vojdanoski Riste Yaroslav Kostyuchenko Zubillaga Jose Venegas Rodriguez Valentina Volovyk Anton Yasmeen Mahbano Zugasti Itoiz Jorge Ventura Ilana von Croy Xenia Yasuhiro Kawakami Zulaica Katya Ventura Jimenez Mauricio von Dornberg zu Hausen Julius Ybañez Creus Javier Zuloaga Beitia Pedro Vercesi Francesco Von Funcke Joao Ybañez Harquindey Ricardo Zuñiga Dede Fiorella Verdi Luciano Daniel Von Lucke Benedict Ybarra Aznar Maria Zurwonne Dirk IE Foundation Report 86 / 87

6. Talented Leaders Scholarship Program

Contribute The IE and the IE Foundation have begun a program to support There are various options for contributing to the “Supporting talent and excellence. The “Supporting talent and excellence 2013- talent and excellence 2013-2017 program”: 2017 program” is a program designed to help us search for and develop the best international talent via high-impact scholarships, Named Corporate Scholarship excellent academic training and social commitment. • Creation of a Scholarship named after a company and/or donor. This scholarship program is possible thanks to the support of alumni, • Joint establishment of candidate profile and requisites. executives, companies, foundations and other institutions that • Participation in the scholarship selection committee. contribute to the training of excellent and talented students from • Benefits as an IE Partner and maximum recognition on all of very different economic, geographic and cultural backgrounds. In the IE and IE Foundation communication channels. this way, we can help them to aspire to training that will contribute to their personal development. IE Corporate Scholarship Fund • The companies and institutions that contribute to this fund become part of the IE and IE Foundation acknowledgement program. • Visibility on the IE and IE Foundation communication channels. • Priority access to CV Books of merit for the scholarship program.

IE General Scholarship Fund • Acknowledgement as a donor in the IE Foundation Report. • Donor certificate.

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