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Annual Report Annual Report 2018 1 C Contents ontents 2 Our Year 26 Faculty & 56 Infrastructure in Review Research 56 Digital Infrastructure 26 Overview 57 Europe Campus 28 Recognition & Awards 58 Asia Campus Leadership 30 New Faculty 59 Middle East Campus 4 34 INSEAD Knowledge 4 From the Chairman 36 Alliances & 5 Board of Directors Partnerships Constituencies 6 From the Dean 60 8 Executive Committee 60 Advisory Council 8 New Leadership 60 Fondation Mondiale Degree INSEAD 38 Programmes 60 Fondation INSEAD 60 International Council Special Features 38 Master Degree 61 National Councils 10 Programmes 11 INSEAD Brand 40 Class Statistics Evolution 41 Doctoral Programme 14 The Campaign for 42 Career Development Graduating INSEAD Centre 67 Classes 16 Rethinking Business 44 Employment Statistics & Society 67 MBA Class of 18 iW50 – A Year of December 2017 INSEAD Women 70 MBA Class of 20 INSEAD LaunchPad Executive July 2018 at Station F 46 Education 72 Global Executive MBA 74 Tsinghua-INSEAD 46 Open & Customised Executive MBA Programmes 74 Master in Finance Finances & 48 Online Programmes 22 Endowment 74 Executive Master in Consulting and 22 Finances Coaching for Change Advancement 24 Endowment 50 50 Advancement & Alumni Relations 54 Events The 2017/2018 Our Year in Review report is developed by INSEAD Communications through a school-wide collaborative process. We would like to thank everyone who contributed to this year’s report. We would also like to thank the entire INSEAD Community – students and participants, alumni, faculty and staff – for making this year a success. It is an honour and privilege to report our accomplishments and we look forward to what the future holds. 2 Leadership ANNUAL REPORT 2017/2018 From the Chairman When I reflect on the decisions taken by the Board over this time, I realise the extent to which they will shape the future of INSEAD. This year, we wholeheartedly embraced the launch of our most ambitious fundraising campaign to date. We commended the creation of The year-long celebration of women the Hoffmann Global Institute at INSEAD, or iW50, which culminated for Business and Society and its in the Summit of summer 2018, is mission to influence every facet another historic moment. It sends of the school’s activities. We not an important signal to the world and only approved but applauded Dean heralds a new era of gender diversity Ilian Mihov’s bold new five-year across INSEAD – extending to the strategy. And, in endorsing the Board itself. Already we have taken vast undertaking to renovate our it to heart and are in the process of entire campus in Fontainebleau, we replacing retiring male directors reaffirmed our commitment to our with female talent, targeting at least much-loved European home. 35% representation over the next few years. These are truly transformative and far-reaching developments. But there As we approach our 60th anniversary are many, many others deserving of next year, we will start to see the celebration. It was another exceptional impact of 2017/2018 developments year for Executive Education, for throughout the school. These are example, with strong growth and exciting times, indeed, to be part of higher performance than ever before. the global community that is INSEAD. Our innovations in online education are a particular source of pride. Digital remains a small flower, but it is blooming brightly – broadening our audience and widening our portfolio. It is also worth adding that, compared to other business schools, Andreas Jacobs our record of attracting and retaining MBA’90D the world’s very best faculty was Chairman of the Board outstanding in 2017/2018 and has taken our number of resident professors to an all-time high. LEADERSHIP 3 Board of Board of Directors Di rectors Honorary Chairman Sadia Khan Permanent Invitees President, INSEAD Alumni Association CEO, Selar Enterprises (Pvt) Ltd Claude Janssen Ilian Mihov Daniel Labrecque Dean Chairman, INSEAD International Council INSEAD Professor of Economics Chairman Chairman, DNA Capital The Rausing Chaired Professor of Economic and Business Transformation Andreas Jacobs Daniel Lalonde François Hériard Dubreuil Member of the Board, Jacobs Holding AG CEO & Director, SMCP (Sandro, Maje, Claudie Pierlot) President, Fondation INSEAD Chairman, Orpar Christina Law Chairman, Rémy Cointreau Vice Chair Group President, Asia & Latin America, General Mills Anil Gaba Emma Goltz Faculty Representative Chair, INSEAD Alumni Fund Frédéric Lemoine INSEAD Professor of Decision Sciences Former Chairman of the Executive Board, The Orpar Chaired Professor of Risk Wendel Group Management Members Susan Lloyd-Hurwitz D. Charles Galunic Chair, INSEAD Campus Renewal Faculty Representative Jolyon Barker Committee INSEAD Professor of Organisational Global Leader, Clients & Industries CEO and Managing Director, Behaviour Chairman, INSEAD Audit, Finance & Mirvac Group Ltd The Aviva Chaired Professor of Risk Committee Leadership and Responsibility R. Todd Ruppert Rémy Best Founder & CEO, Ruppert International Inc. Brigit Soccard Chairman, INSEAD Campaign Board Staff Representative Chairman, Fondation Mondiale Mika Salmi Executive Assistant to the CCO and Managing Partner, Pictet Group Senior Advisor, Raine Group Communications Department Chairman, INSEAD Remuneration Karen Fawcett Committee Co-founder, Katfish Holdings Mirjam Staub-Bisang Deepak Gupta Chair, Endowment Management Founder & Chairman, Denita Group Committee of Companies Managing Director, BlackRock Chairman, INSEAD Nominations Switzerland Committee Fernando Zobel de Ayala Philippe Houzé President & COO, Ayala Corporation Chairman of the Executive Board, Galeries Lafayette Group LEADERSHIP 4 From the Dean ANNUAL REPORT 2017/2018 through reflection, we see how INSEAD has grown with the world and changed the world for the better with the research we produce, the leaders we engage with and the success stories we hear from our community. Environmental pressures, new INSEAD Brand The Campaign geopolitical forces and technological advance are reshaping global Evolution for INSEAD business. These challenges require This year, we renewed the INSEAD In October, INSEAD launched a leaders to think differently and brand so the world can see us for €250 million fundraising Campaign, act differently. who we truly are. We placed our our most ambitious to date. The The INSEAD founding principles name in a logo that represents our Campaign is grounded in our can and must guide us as we position as the business school for distinct values, vision and ventures. equip leaders to face today’s the world. We updated the colours Campaign support fortifies our global challenges. Looking to to reflect our diverse and vibrant academic excellence, drives the past shapes how we prepare community. We made a brand breakthrough innovation and holds leaders for a dynamic and promise to strive for excellence in the potential to transform society unpredictable future, which has everything we do. on a global scale. made this a year of renewal. We have renewed our commitment to lead cutting-edge business education, to promote gender balance and to launch new initiatives, such as a permanent space in San Francisco. We started a process to renew our school by modernising our Europe Campus and enhancing offerings in Asia and the Middle East. We have renewed our community engagement, seeking support to achieve greater success. This year, we redoubled our effort to inspire, innovate and expand our global influence – and this effort has been marked by several milestones. 5 F rom T H E D ean In this year’s annual report, I am pleased to share more about these milestones, along with facts, figures and highlights from around the school. The achievements reflected in the 2017/2018 Annual Report belong to the INSEAD community – our faculty, students, alumni, donors, supporters and staff. They are the result of hard work, incredible rethinking Business anniversary of our first female MBA talent, deep collaboration and graduates. It was the culmination commitment to our mission. I and Society of a year of showcasing the want to thank everyone who has experiences and ideas of INSEAD In August 2018, we established been a part of this chapter of the women. The successes shared the Hoffmann Global Institute INSEAD success story. refocused our work on gender for Business and Society. Our balance, with emphasis on This year has been a year to newest INSEAD institute explores elevating and empowering women celebrate, and it has been an the intersection of business and leaders. This work will be carried inflection point. Together, we can society. The challenges of our times forward by the Gender Initiative. build on what has been done and are immense, and the decisions transform the world. made today determine the future. The Institute will work across the LaunchPad for I thank you for your continued school and with our partners to support. enable leaders to deliver positive Start-ups outcomes for their organisations The year kicked off in January with and their communities. the opening of the LaunchPad at STATION F in Paris. The LaunchPad Celebrating is a hub for INSEAD start-ups to Ilian Mihov benefit from the expertise of our Dean of INSEAD INSEAD Women entrepreneurship community and ecosystem at STATION F, the The iW50 Summit held on our world’s biggest start-up campus. Europe Campus in June was With this idea incubator space, we the celebration of the 50th put innovation in focus. LEADERSHIP 6 Executive New Committee Leadership ANNUAL REPORT 2017/2018 Ilian Mihov The INSEAD Executive Committee Dean welcomed six new members this year. Peter Zemsky Deputy Dean and Dean of Innovation Laurence Capron Dean of Faculty Ziv Carmon Dean of Research Urs Peyer Dean of Degree Programmes Ben M. Bensaou Dean of Executive Education Nida Januskis Associate Dean of Advancement Katy Montgomery Associate Dean of Degree Programmes Mark Roberts Ben M. Bensaou Associate Dean of Executive Education Dean of Executive Education Attila Cselőtei Professor Ben M. Bensaou has been appointed to the INSEAD Chief Operating Officer Executive Committee as Dean of Executive Education.
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