Referring to the construction of the EuropeanUnion, Jean Monet used to say: “If I were tobegin again, I would begin with culture”. I would dare to add its twin brother – education.It is through higher education – and research,that cannot be separated from it – thatEurope will be able to radiate, and exist as asource of universal knowledge. Twenty yearson from the foundation of CEMS back in1988, we can proudly celebrate the contribu-tion of our alliance to the spread of the Euro-pean identity among generations of studentsand business leaders. From this perspective,CEMS has achieved its original objective:build a pan-European standard of excellencein business education.

But to strengthen its identity, Europe must alsorevive the notion of mixing, and be fully openand connected to the world. This is why theCEMS Strategic Board has proposed a newglobal ambition for CEMS: build bridges withthe best pre-experience Master’s programmesaround the world, consolidate a global degreestandard, with the CEMS MIM as role modelfor an international joint degree delivered glob-ally in partnership with the most renownedmultinational companies. Europe can beproud of having given birth to CEMS in 1988 –and can be even more proud to share it withthe world in 2008.

CEMS has started a move for growth with no precedent: the new global CEMS alliance istargeting a network of 35 schools and 70 companies globally in five years from now.Following long and thorough preparation, theglobalisation process of CEMS has now beendecided with the impetus of all stakeholders inour organisation. But the founding principlesand the success factors of CEMS remainunchanged: careful selection of the bestschools in the countries relevant for companiesand students; selection of the top tier studentsfor the MIM programme; close cooperationbetween the academic and the corporateworlds; network spirit built on international cul-tural diversity and mutual trust; programmequality check through peer reviews.

Ranked No.2 in Europe by the FinancialTimes in 2007 for the second consecutiveyear, our ambition is now to make the CEMSMIM the first joint Global MSc degree. TheCEMS map has been extended with newworld-class schools in St. Petersburg, Bei-jing, Hong Kong, Singapore, Sydney andBoston. Prestigious global companies havealso joined us in 2007 to support our project.And students and alumni are giving us thedrive to make it come true.

A word from…

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CEMSA Global Strategy

CEMS welcomes New ChairmanProfessor Bernard Ramanantsoa (left), Dean of HECParis, was elected CEMS Chairman in December 2006

for a renewable mandate oftwo years. During the han-dover ceremony in Dublin, hepraised the achievements ofhis predecessor, ProfessorPaul Verhaegen (right) fromRSM Erasmus University,Chairman 2004–2006, wholeft CEMS to take up a posi-tion as an executive boardmember of the EindhovenUniversity of Technology.

During Paul Verhaegen’s three-year Chairmanship, thestudent body increased by close to 25%. CEMS alsocontinued to strengthen its link with corporate partners,whose number rose from 42 in 2003 to 56 end of 2006.Paul Verhaegen also initiated a major governance reformof CEMS, re-launched the EBF magazine, and intensifiedthe globalisation initiative.

The CEMS Community takes this opportunity to extendgrateful thanks and congratulations for his achievementsduring his 3-year term as CEMS Chairman.

In October 2007, Paul Verhaegen received one of theNetherlands’ highest honours, becoming “Officier in deOrde van Oranje Nassau.” The ceremony was held in hisplace of residence in The Hague. He received this dis-tinction for his many contributions to science and soci-ety as a whole.

Leading the Strategic Ambition During its meeting in Budapest on May 25, the CEMSStrategic Board, chaired by Bernard Ramanantsoa,decided on a major new strategic ambition for CEMS forthe decade to come.

All stakeholders in the organisation agreed that CEMShas to become global in order to comfort the interna-tional leadership of the CEMS MIM programme, andbring a lasting competitive edge to graduates andrecruiters. While keeping a strong European core, CEMSis welcoming leading business schools from the Ameri-cas and the Asia Pacific region to join the organisation,select students for the CEMS MIM programme andimplement it in their countries.

Bernard Ramanantsoa, CEMS Chairman, says:

Like any international industry, higher businesseducation is requiring global standards. TheCEMS members all acknowledge that the MSc inManagement is the global degree standard forcareer entry of high-potential pre-experiencegraduates. It very much differs from the MBAwhich is the global degree standard for careerdevelopment of graduates with significant profes-sional experience. The global CEMS alliance isgiving us a tremendous opportunity to consoli-date the MSc degree segment on a global scale,through a worldwide league of the MSc champi-ons sharing the same vision and with the jointCEMS MIM programme as role model.

The Strategic Board's vision for CEMS in 2012 is a net-work of 35 business schools and 70 corporate partners.To achieve this objective, the concept of CEMS Associ-ate Academic Member (AAM) has been redefined as theentry status in CEMS for the new schools. The schoolsaccepted to join CEMS will receive this AAM status afterelection by the General Assembly, and will be invited toimplement the CEMS MIM at their school.

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After successful programme implementation validatedby a CEMS peer review, the new schools will be pro-posed for election as full CEMS Academic Members.

François Collin, Executive Director of CEMS, says:

This new set-up will make the CEMS MIM the firstGlobal MSc degree developed by a businessschool alliance. Twenty years after having createdthe first European degree, CEMS is innovatingagain and creating a new breakthrough on themarket. Of course, this will have an impact on theCEMS identity. To mention the name only, wewant to keep the CEMS brand, but only use it asan acronym. We welcome the new global strategyas an opportunity to stimulate ourselves for moreinnovation and enhanced leadership for our jointdegree.

The global implementation of the CEMS MIM is plannedfor 2009 once the new schools have developed and pro-moted the programme locally. European students will beable to spend their terms abroad outside of Europe with awider choice of schools on different continents. The non-European students will have the same option to spendone or two terms abroad as part of their MIM programme.

Professor Thomas Bieger, Vice-Rector at the University ofSt. Gallen and Chair of the Academic Committee, says:

All terms will be structured with a comparable pat-tern and will undergo the same quality check,which is the real trademark of CEMS, and thequality insurance for students and recruiters. AllCEMS schools will also host CEMS Clubs run bystudents, in order to spread the community spiritbeyond European borders and foster the net-working component of the CEMS experience.

The CEMS L’Oréal FellowshipThe Strategic Board is eager to develop and promotejoint research. With this first Fellowship, CEMS is addingresearch to its portfolio of activities. A new dimensionwhich will enable CEMS to build its name not only on theexcellence of the MIM graduates, as is the case today,but also on its expertise in domains of particular rele-vance to the academics and more broadly, to the stu-dents, the Corporate Partners and to the public.

This first Fellowship, financed by L’Oréal, will focus on theexpectations and values of the new generations of CEMSstudents. It will be carried out by a team of faculty mem-bers from ESADE, NHH Bergen and the University ofVienna. First findings are expected in Autumn 2008.

The community will gain an expertise in the new gener-ations of future managers which will then be shared withCEMS Corporate Partners and the public.

CEMS Committee for Cooperationin Research and DoctoralEducation met in St. Gallen The busy agenda provided the basis to set priorities forthis working group for the coming academic year with theunderlying objective being the advancement of researchand doctoral education in the CEMS community.

A main goal for this Committee, chaired by Eero Kasa-nen, Rector of HSE, is to organise PhD courses at CEMSschools open for mobility of doctoral students. The groupalso decided to start a process for benchmarking stan-dards for PhD dissertations among CEMS schools.

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CEMSBuilding Global Bridges

The CEMS Globalisation and Membership Committeewas set-up to prepare and follow-up the global expan-sion of CEMS. The Committee is composed of Execu-tive Board members; Carlo Gallucci, Director ofUniversity Programmes at ESADE, was elected Chair.Carlo Gallucci has given impetus and drive to the glob-alisation project since the early 2000’s, with the first con-tacts with non-European schools. In 2003, three topnon-European schools pioneered in building bridgeswith CEMS as Associate Academic Members and havebeen sending students to the CEMS MIM in Europe:

z In Canada, the Richard Ivey School of Business atthe University of Western Ontario

z In Mexico, Tec de Monterrey, EGADE

EGADE TEC de Monterrey has already sent 10 students to the CEMS MIM programme withexcellent comments and results for our studentsand will increase the numbers in the followingyears. We are also proud to have invited CEMEXas the first Corporate Partner to join CEMS fromoutside of Europe.

Professor Carlos Romero Uscanga EGADE Director Master in International Business

Member of the CEMS Executive Board

z In Brazil, Fundaçao Getulio Vargas, Sao Paulo

FGV-EAESP perceives the CEMS alliance as a means of supporting the future managers’development in the global arena. Therefore, the relevance of the CEMS MIM degree pro-gramme widens the possibilities to create interna-tional leaders based on a solid educationprovided by the CEMS schools.

Professor Ligia Maura CostaAssociate Dean

World-class Schools join the AllianceSix world-renowned schools joined CEMS this year fromcountries with growing demand for international businessgraduates at pre-experience level. All schools are recog-nised leaders in their countries for business education.

Graduate School of Management (GSOM),St. Petersburg State UniversityFounded in 1724 by Peter the Great, St PetersburgState University is a major Russian centre of science,education and culture of international repute. Today, itcounts 20 faculties, 11 scientific institutes, over 30,000students, close to 2,000 postgraduate students and5,000 lecturers & researchers. Every year about 4,500foreign students from more than 90 countries participatein various academic programmes.The GSOM joined CEMS in 2006 and 9 of their studentshave already joined the C EMS MIM Programme.For more information, visit: http://eng.som.pu.ru

Babson College, Boston, USAFounded in 1919, Babson offers a Bachelor of Sciencedegree in business, a Master of Business Administrationdegree, custom MS degree programs, and executiveeducation programs worldwide. Babson’s approxi-mately 3,400 students are evenly split between under-graduate and graduate programs. Over 600 internationalstudents are present on campus and represent 69 coun-tries. Full time faculty at Babson number 157. Babsonhas earned the AACSB accreditation.For more information, visit: www3.babson.edu

Babson believes the CEMS organisation alignswell with our goals and initiatives, and we also seemutual benefit in building exchange partnershipswith CEMS members, providing opportunities forboth students and faculty.

Patricia G. Greene, Ph.D, MBAProvost, Babson College

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School of Economics and Management at Tsinghua University in BeijingFounded in 1911, Tsinghua University (THU) consists of13 schools with 54 departments, as well as a GraduateSchool and a School of Continuing Education. The totalenrollment 32,000 full time students includes 13,700undergraduates, 13,400 Master candidates and 5,000doctoral candidates. In autumn 2006, over 2,000 foreignstudents were enrolled in THU. They are from 74 coun-tries and major in science and technology, humanities,economics, management, law, arts and other areas.For more information, visit:www.tsinghua.edu.cn/eng/

The Chinese University of Hong KongFounded in 1963, The Chinese University of Hong Kong(CUHK) has 7 Faculties. Teachers and students hail fromall corners of the world. In 2006, there are more than5,200 staff members, approximately 10,000 undergrad-uate and 2,000 research postgraduate students. Ofthese students, some 2,500 are from 45 countries.CUHK was one of the first Asian business schoolsaccredited by AACSB International in 1999. For more information, visit: www.cuhk.edu.hk/v6/en/

The University of Sydney, AustraliaFounded in 1920, the Faculty of Economics and Businessof the University of Sydney (USYD) offers an extensiverange of undergraduate and postgraduate programs. TheFaculty counts 230 full-time academic staff, 130 full-timeprofessional support staff, and more than 7,000 students(coming from over 100 countries around the world).In2004, the Faculty was the first in Australia to receive thedual AACSB and EQUIS accreditations.For more information visit: www.econ.usyd.edu.au/

The National University of SingaporeBusiness SchoolFounded in 1905, the National University of Singapore(NUS) has evolved into Singapore's global university withdistinctive strengths in education and research and anentrepreneurial dimension. It has an enrolment of over24,000 undergraduate and 7,000 graduate studentsfrom 90 countries. The University's 14 faculties offer abroad-based curriculum underscored by multi-discipli-nary courses and cross-faculty enrichment.For more information, visit: www.bschool.nus.edu.sg/

Prof Yih Whai Lee, Academic Director adds:

CEMS members are the best managementschools from their respective countries, andCEMS is an unparalleled network in Europe. Byextending its membership to the best schoolsoutside Europe, CEMS is creating a global net-work for education of the highest quality andreach. The benefits for members, and moreimportantly for CEMS students and graduates,will be extraordinary. NUS has always cherishedits links with Europe, as our staff, students andalumni extend their participations in academic andbusiness activities worldwide. We are proud tohave been invited to join this esteemed Commu-nity, and look forward to play an active and con-tributory role as a full partner within CEMS.

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I enjoy living and working indifferent countries and I alsowant to continually improve mylanguages and use them in a business context. The MIM gave me international,intercultural experience andlearning. It also helped me findmy job, because I was recruiteddirectly by a Corporate Partnerthrough CEMS. I am currently the CEMS AlumniPresident, a truly internationalcommunity, within CEMS and the outside world.

The CEMS MIM Programme haskept its top position for three con-secutive years. 3rd place in 2005,2nd place in 2006 and in 2007. 14 member schools are among thetop 40, including the No.1 spot forHEC Paris and the No.2 for LSE, ex æquo with CEMS.

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a 2004 CEMS MIM graduate, grew up in Austria, studied International Businessin Vienna and Paris and spent her termabroad at the St. Gallen University.Prior to her involvement in CEMS, Elkewas an active member of the EuropeanYouth Parliament. She co-founded the Austrian branch and was SessionPresident in Stockholm in 2001.

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UoC top-ranked for Economicsand Management Wirtschaftswoche, the prestigious German business jour-nal, ranked the University of Cologne No.1 in Economicsand No.2 in Management. The University thereby assertsits leading position amongst European universities. Theranking is based on a survey among 1,000 HumanResource managers and recruiters of Germany’s majorcompanies. It emphasises the excellent reputation of theUniversity's professors, which in combination with theFaculty's strong international orientation, makes its grad-uates favoured candidates for leading companies.

HSE First Nordic Business Schoolto hold Triple Crown Helsinki School of Economics was awarded the AACSBaccreditation in April 2007. In the current round, HSE wasthe only European School to be accredited alongsideeight other business schools, six in the USA.

This third certification (after EQUIS and AMBA), oftenreferred to as the ‘triple crown’ raises HSE into a cate-gory shared by only about 20 other universities, includ-ing HEC Paris, ESADE, RSM Erasmus University,University College Dublin, FGV (São Paulo), and Tec deMonterrey EGADE.

Christi Degen receives Polish Award

Christi Degen, Director of the Centrefor International Relations (Economicand Social Sciences Faculty) at theUniversity of Cologne, received thePolish Order of Merit in Gold for herachievements in German-Polish rela-tions. The ceremony took place onJune 28, 2007 at the Polish Con-sulate in Cologne.

Best Teacher Award goes to UCD CEMS Academic Director Professor Jacob Eisenberg won the "2007 Best Gradu-ate Teaching Award". The UCD School of BusinessTeaching and Learning Committee, together with twoexternal advisers, grants one award for excellence inundergraduate teaching and one for excellence in grad-uate teaching each year. At the same time, Jacob Eisenberg was appointed asthe new Chair of the International Theme Committeewhich plays an important role in the Academy of Man-agement's governance and structure.

CEMS Course of the Year AwardsAt the end of the school year, CEMS students are askedto evaluate the CEMS core courses which they haveattended Europe-wide. For 2006/2007, 115 courseswere evaluated and the following stand out with the high-est quality ratings. The Professors have been awarded fortheir invaluable contribution to the CEMS MIM.

Congratulations to the professors and their teams:

z Professor Hannu Seristö, HSEDoing Business in the EU

z Professor Wolfgang Amann, HSGCorporate Strategy & Corporate Governance

z Professor Koen Heimeriks, CBS

Professor Sven Junghagen, CBSInternational Strategic Management

z Professor Mark Pasquine, NHHInternational Marketing

z Professor Werner Delfmann, UoCLogistics Management in Global Supply Chains

z Professor Elena Bou, ESADEProfessor Alfons Sauquet, ESADEManaging Knowledge Organisations

CEMSAchievements & Networking

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Academic Directors meet inCologne and SitgesThe CEMS Academic Directors play a key role in themanagement of the CEMS MIM Programme at eachschool. As a group, the Academic Committee, thatmeets twice a year, sets the guidelines for the MIM cur-riculum and supervises the quality evaluation and man-agement processes.

The spring meeting was held in Cologne where theCommittee discussed the curriculum reform; themandatory Strategy and Cross-cultural Managementcourses were introduced.

The Committee held its autumn meeting in the Mediter-ranean atmosphere of the beautiful Catalan seaside atSitges. Top on the agenda, the final touches to theCEMS MIM Programme curriculum reform to be imple-mented during the next academic year.

We take this opportunity to welcome HSE's new Acad-emic Director, Hannu Seristö.

Communication & PR Specialistsmeet in Paris The CEMS Communication & PR Specialists NetworkingForum was held in Paris, courtesy of L'Oréal for thesecond time. It was an opportunity for participants from14 CEMS member schools to discover the CEMS glob-alisation strategy and to share experiences and ‘savoirfaire’ on issues of common interest.

Participants discussed diverse subjects like the brandingof CEMS, international media relations and the CEMShumanitarian project 2008. Creating strong links andrelationships among and across the alliance is one ofCEMS’ key goals. It was decided that this Forum shouldtake place once a year.

CEMS Coordinators' TrainingSeminar in LausanneCEMS Coordinators met twice this year. In January,courtesy of University of Cologne, and in June, cour-tesy of CEMS Corporate Partner, Wolseley.

The two-day mid-year meeting is sponsored by aCEMS Corporate Partner who provides a one-daytraining session, and hosts a second day devoted toCEMS issues. As well as an important learning curvefor the Coordinators, it is also an opportunity to learnmore about the host company.

After "Working in Today's Multicultural environment"(Windsor in 2005), "Project Management in Today's Busi-ness Environment" (Edinburgh in 2006), this year's semi-nar was held in Lausanne. "Presenting Yourself - EffectivePresentation & Communication Skills" an interactive ses-sion which provided many tips for the participants.

A huge applause to Wolseley for their commitment toCEMS and their impeccable hospitality during the pastthree mid-year Training Seminars.

Wolseley is pleased to have sponsored the CEMSCoordinators Meetings for the past three years.The events have provided an opportunity for themto learn about various topics to enhance their pro-fessional skills. In addition, through team buildingexercises and group dinners, the coordinatorsbuild relationships across the universities in theCEMS network. The CEMS Coordinators are atalented group of people that make a tremendousimpact in the success of the entire CEMS organi-sation. Wolseley is proud to be a corporate spon-sor of CEMS. Working with such an outstandingorganisation is inspiring and we look forward tosponsoring similar events in the future.

Audrey CleggHead of Leadership Development

Wolseley

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CEMS MIMA Global Role Model

Going from Strength to StrengthCEMS MIM (Master's in International Management) isspecifically designed to equip future multilingual andmulticultural managers with the skills to thrive in an inter-national environment. Students, selected from the mem-ber schools in Europe and abroad, participate in adedicated one-year programme and are awarded theCEMS Master’s in conjunction with a Master’s degreefrom their home school.

As well as fulfilling the course requirements, studentsspend a term abroad and complete an internship. Inaddition, they must participate in a week-long BlockSeminar across Europe, validate Skill Seminars and aBusiness Project. They must also take language tests intwo foreign languages.

Applications to the CEMS MIM are increasing year byyear. The incoming 2007/2008 class totals:

z 624 students (a 40% increase in the last five years).

317 women, 307 men,

z 47 different nationalities (95% European; 5% non European).

This year, the programme encompasses 22 Block Sem-inars and over 250 Core Courses, Electives, Skill Semi-nars and Business Projects.

CEMS Programme Kickoff Organised by each of the European Academic memberschools, students kickoff their CEMS year attending anyof the week-long Block Seminars, an integral part of theCEMS MIM Programme. The seminars, managed byinterdisciplinary, inter-university teacher teams, are theideal starting point into the programme. They provide theopportunity to debate and discuss innovative manage-ment topics from different cultural perspectives.

SSE holds first Block SeminarMid-august, 31 students and 6 faculty members from 18 countries gathered in Stockholm to discuss BusinessApproaches to Climate Change and Poverty.

The aim of the seminar was to address some of ourtimes' most pressing societal issues and put theminto a business perspective and practice. Many ofour business students do not come across sub-jects connecting business to eco- or social sys-tems. This was an excellent opportunity to explorethe subjects with the students.

Susanne Sweet, PhD Associate Professor, Course director at SSE

Lectures and cases gave insights into climate change andalternative energy markets, base-of-the-pyramid markets,corporate social responsibility (CSR), bio-diversity andsustainable markets and consumption… The studentsvisited a bio-gas plant outside Uppsala and heard PerEvers, the CEO of Scandinavian Biogas, talk about theirglobal strategy. The seminar was wrapped up with ahighly interactive business simulation, making partici-pants connect to reality via a virtual game of sustainablemanagement. All were faced with the challenging task ofcoordinating a company and making difficult decisionswith high impact under immense stress.

Should I describe the Blocked Seminar with onlyone word, I would say: “interaction”. The day wasorganised in a way that allowed us to communi-cate freely and spontaneously with fellow CEMSstudents, professors and guests.

Giulia Modolo from Bocconi

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”CEMS MIM YEAR

ONGOING LANGUAGE TESTING

INTERNATIONALINTERNSHIP

Businessproject

Europe-wide

September

At any time during the CEMS curriculum

AFTER...TERM 1 - SCHOOL 1 (Autumn) TERM 2 - SCHOOL 2 (Spring)

30 ECTS

BLOCKSEMINAR

15 ECTS 15 ECTS Minimum 10 weeks1 week

June

Cross-CulturalManagement

and other CEMS courses

Strategy Courseand other CEMS Courses

SKILL SEMINARS 1 ECT SKILL SEMINARS 1 ECT

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Corporate Partner Involvement in Block Seminars…Shell joined the CEMS network as a Corporate Partnerin 1991. Throughout this long partnership, Shell hasbeen hosting and attending different CEMS events allover Europe. This year, Shell and CEMS students met atmore than 20 different occasions. But that’s not all! InAutumn 2007, Shell actively participated in three ofthe CEMS Block Seminars for the first time: Cross Cul-tural Management in Copenhagen, Business Ethics &Corporate Responsibility in Bergen, and EntrepreneurialFinance in Prague.

Supporting the CEMS MIM programme andworking with both academic staff and students onrelevant and interesting topics gave a true experi-ence of being part of the CEMS community.Seven enthusiastic Shell employees walked thetalk, working in a company with a supportive cul-ture that highly values learning and development.

Sandra LintelShell Central HR Recruitment Department

…in Skill SeminarsImagine you are the International Product Manager for ahome care product segment in Europe, a region withmature markets. A strong competitor is about to launchan innovative product attacking your home turf. How doyou react?

CEMS students in Cologne, Paris and London wereasked to answer the question during the Skill Seminarorganised by CEMS alumni of Henkel. Having preparedthe 20-page case study, the students created a hands-on product launch strategy: from initial market and com-pany analyses over product portfolio strategy to launchplanning. In each phase of the strategy developmentprocess, the students were taught respective theory, fol-lowed by a hands-on approach in international teams toapply the tools to the case. The students were addition-ally challenged by tough time restrictions to accomplishtheir project tasks. Due to very positive feedback, Henkelhas decided to organise another Skill Seminar in 2008.

…and in Business ProjectsOne of the core components of the CEMS MIM is the Busi-ness Project, whose objective is to combine academicknowledge with real business challenges from the busi-ness community, and to provide the corporate partner withviews and opinions that most likely are differing somewhatfrom the incorporated values in the organization.

Zurich Financial Services invited a group of CEMS stu-dents from 5 countries to evaluate different options tooutsource the billing process related to a new insuranceproduct during 3 months. After having conducted quali-tative and quantitative research and visited potentialproviders, the final product was a presentation with Q&Asession and a written report.

Creating SynergiesBlock Seminars not only provide an introduction to theCEMS MIM but also lead to varied encounters. Here iswhat 25 year old Ignacio Landero, has to recount:

During my CEMS MIM studies at ESADE, I met myassociate while he was telling us about his entre-preneural experience at the EntrepreneurshipBlock Seminar. I did my internship at Educa-sys-tem Spain, his company, and right after gradua-tion, we co-founded Educa-system, the firstcompany in Mexico to professionalise one on onehome tutoring. I am the company's CEO in Mexico,while in charge of the internationalisation process,which will continue next when we start activities ina third country. CEMS provided me with a newbusiness oportunity by applying experiences andservices from one country to another. My CEMSexperiece has completely changed my career path,and perhaps the path of my life as well.

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CEMSCorporate Partnership

Partner is not a random word. If CEMS likes to talk aboutthe companies who have joined the community as "part-ners", it is because they are involved in teaching, inorganising or sponsoring CEMS professional and socialactivities, in devising the curriculum, in welcoming stu-dents for their compulsory internships… There are toomany events to mention here, too many people who sogenerously share time and knowledge; we would just liketo say thank you.

Welcome to the Newest Arrivals to the CEMS CommunityCEMS would like to extend a warm welcome on behalfof the entire community to the Corporate Partners whohave joined the network in the past 12 months:

z Swedish Telecom Operator Tele2;

z Financial heavyweights Fortis, Société Générale andUnicredit Group;

z Household appliance company Electrolux;

z Management consultants A.T. Kearney and TheBoston Consulting Group (BCG);

z Global building-solutions company, CEMEX, the firstCorporate Partner from a non-European AcademicMember.

An Alumnus InitiativeMirko Warschun, a 38 year old CEMS alumnus (1997),has lived and worked in 15 different countries. He joinedCorporate Partner A.T. Kearney in 2005.

Based on my initiative A.T. Kearney joined CEMSas a Corporate Partner in 2007, creating a plat-form for recruiting high calibre graduates andexperienced hires as well as actively contributingto the further development of the CEMS program.

Scholarships to students from Brazil, Mexico and China For the second consecutive year, L’Oréal offered twoscholarships to CEMS students from Latin America. Thisyear, Haniel offered a scholarship for a student from China.

The three winners – Andrezza Mastiguim de Paula Mar-tins from FGV in Brazil, Marlene Gabriela Telasco Picazofrom EGADE in Mexico and Si Quin from Tsinghua Uni-versity in Beijing – started the MIM in Europe in fall 2007.Without this generous support of L’Oréal and Haniel,their participation in the MIM programme would not havebeen possible. CEMS is creating a scholarship fund forthe non-European students and is encouraging Corpo-rate Partners to support the globalisation process ofCEMS and encourage participation of talented students.

Si Qin, who joined the programme in Autumn 2007 atHEC, Paris, describes her first impressions:

I have only been in the CEMS programme for onemonth. I have already met students from all overthe world. It is really interesting to discover thesimilarities and differences among each other.Moreover, diverse backgrounds give us possibili-ties to look at an issue from diverse perspectivesand, in this way, enlighten each other through dis-cussion and cooperation.

Corporate Partner Benchmarking& Networking ForumThirteen corporate representatives from 10 different com-panies attended the Forum in Paris in June.

The start of the event was devoted to getting to knoweach other better in an informal context. The competitionraging on the Roland Garros tennis courts provided theideal occasion for participants, some competitors in theircorporate life, to put any such of their own rivalries asideand concentrate on learning more about each others’way of working. Conversations proved almost as excit-ing as the tennis and lively debate and discussion con-tinued over the dinner table.

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CEMS Career Forum - Dublin 2006The CEMS Career Forum takes place once a year dur-ing the Annual Events early December, hosted by a dif-ferent Academic member on a rotation basis. It providesa unique opportunity for students, alumni and CorporatePartners to meet.

The CEMS Career Forum 2006 was hosted by UniversityCollege Dublin (UCD).

z Corporate Partners present: 34

z Corporate Partners with pre-scheduled interviews: 23

z Pre-scheduled interviews: 476

z Students who applied for pre-scheduled interviews: 492

Milan - 2007 An All-Time HighThe CEMS Career Forum is attracting more and morestudents, alumni and Corporate Partners. The 2007 edi-tion will be hosted by Università Bocconi (UB). The fig-ures speak for themselves:

z Corporate Partners to be present: 45

z Corporate Partners with pre-scheduled interviews: 30

z Pre-scheduled interviews: 799

z Students who applied for pre-scheduled interviews: 574

The meeting on Friday was held in HEC. The early morn-ing sessions focused on exchanges related to onboarding,kicked off by presentations by Zurich Financial Servicesand PricewaterhouseCoopers. The discussion then turnedto another important theme for international organisations:e-sourcing. The afternoon was given over to the presenta-tion of a research project, spearheaded by SociétéGénérale on the aspirations and opinions of young, inter-nationally mobile business graduates. The event con-cluded with the latest news from CEMS, a means ofkeeping corporate representatives in the loop with respectto the newest developments within the network.

Rotation Dinner, a FavouriteEarly May, another edition of the CEMS Rotation Din-ner was organised by the Company Projects Office atRSM, Rotterdam. The rotation dinner is one of theevents that enables CP's to get acquainted with the stu-dent population which could result in recruiting them.This time the participating companies were Procter &Gamble, PricewaterhouseCoopers, Randstad Hold-ing, and Fortis.

Société Générale Business GameCEMS Corporate Partner, Société Générale, launched anew business game in 2007. Students were asked towork as a team to try and define all aspects of whatcould be considered a socially responsible bank in thefuture through the organisation and promotion of a blog.

Two multinational teams of CEMS students – ChangeAgents and Sustainables – competed in the BusinessGame "Citizen ACT" along with 19 other teams playingall over Europe. The CEMS students originated fromGermany, Italy, Belgium, Ireland and Mexico.

CEMS Corporate RelationsAfter 3 years as CEMS Corporate Relations Manager atthe CEMS European Office, Catherine O’Sullivan hasmoved on to new responsilities. Warm thanks to Catherinefor her accomplishments and welcome to Stefano Gneswho joined the CEMS European office early October.

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CEMSStudents

This year, the CEMS Student Board (SB) focused onglobalisation. The Associate Academic Members (AAM)were represented for the first time by Denis Nakagakifrom Brazil. And, for the first time, the SB held its Sep-tember meeting at an AAM school, St. Petersburg StateUniversity (GSOM).

CEMS joined forces with the United Nations World FoodProgramme (WFP) to support the 3rd Annual “FightHunger: Walk the World”. The event showed the strongties between the stakeholders of the CEMS Community.(see page 24 for full details)

In addition, the SB continued projects like the CEMSMagazine and the StudentBook in close cooperation withthe Alumni Association.

Ongoing projects to increasethe overall awareness ofCEMS and strengthen the rela-tionship between CorporatePartners, students and alumni,are under way. Both theAlumni Association and the SBbelieve that students and

alumni have more in common than just to function as aprofessional network.

This year, the Student Board launchedthe first online CEMS store carryinga variety of items to increase CEMSawareness.

Congratulations for a job well done and thank you to2007 SB President Magne Borgund (NHH) and VPTreasurer Philip Shah (UCD) as they come to the end oftheir mandate. A hearty welcome and good luck toincoming 2008 President Agata Rundo (SGH) and VPTreasurer Abir Puri (UCD).

Haniel organises LeadershipSeminar for CEMS Student Board Cologne was the location of the first Student Boardmeeting of the year. CEMS Alumni Association (CAA)President, Elke Thamm, as well as alumni TorstenRowekamp, Andrea Banai and Thomas Lopada brain-stormed with the Student Board on ways to strengthencollaboration with these two key stakeholder groups.

During the meeting, CEMS Corporate Partner, Haniel,represented by Maurice Thompson, organised a Semi-nar on Leadership at the Franz-Haniel Academy in Duis-burg. The students received essential tips for success inleadership for their student and professional careers.

GSOM greets the CEMS StudentBoard Members A very special Student Board Meeting took place in St.Petersburg in September, for the first time on the prem-ises of an Associate Academic Member.

The agenda was full of surprises, allowing the studentsample time to interact with local students and visit withlocal companies and Corporate Partners. Special thanksto the local offices of Henkel and Procter & Gamble fororganising the interesting company visits and lecturesand to GSOM international office for their warm hospital-ity and perfect organisation.

CEMS Clubs ActivitiesCEMS Clubs are all about students exchanging experi-ences, keeping in touch with friends and building aninformal, interactive club network. Each year, the Clubsorganise multiple social and formal events: Snow daysin Austria (HSG); sailing weekend (RSM); beach volleyweekend (VSE), CEMS@Kaffeesiederball (WUW),CEMS MIR (Management of International Relations), aresearch project initiated by SGH to analyse local marketspecificities of a chosen region or country; Understand-ing Eastern Europe (SGH); CEMS Reuter's Ironman(WUW), "CEMS do charity" marathon (UCD)… far toomany to be listed here. To find out what the Clubs havedone or are planning, visit www.cems.org.

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CEMS Nordic Forum 2007 CEMS students from Norway, Sweden, Denmark, andFinland gathered in Copenhagen for this year’s NordicForum. Cooperating with the CEMS Clubs of the Nordicregion, CBS hosted over 70 students (local andexchange).

Each Nordic Forum aims to bring together alumni, Cor-porate Partners, and students for CP presentations, skillseminars, and numerous social activities. This year, stu-dents participated in a real-life corporate branding caseat the Carlsberg brewery. Students were welcomed atthe headquarters of Novo Nordisk where they appliedleadership techniques in executing a corporate brandingcampaign for the company’s new corporate culture.

The European Dream Team Story -CEMS students win anInternational Case Competition

Four CEMS students — Anne Dingstag Vabo (NHH),Sergio Mur (ESADE), Monika Blaim (SGH) and EwaMiendlarzewska (a Polish student from UB) teamed upto enter the X WHU Challenge entitled "Doing Businessin Eastern Europe" proposed by the world's toughestconsulting companies. Only 13 teams, all from world-class schools, were selected among 104 applications.Participants were asked to answer a question: shouldMetro Cash & Carry, the German discount store chain,enter the Baltic States? Each team was locked up for 12hours; when time was up, they had to present their find-ings to the organisers.

Tension was at its highest as the judge named the run-ners-up first. And… the winner of the X WHU Challengeis The European Dream Team!

Congratulations! CEMS is very proud of you!

a 27 year old graduate fromMexico, has lived and worked

in 10 countries and speaks 5 languages. Fer-nanda joined the CEMS MIM programme inAutumn 2006 at CBS and spent her termabroad at SSE. After having validated her Busi-ness Project at Vestas Wind Systems A/S inDenmark, Fernanda is currently working in theirHR deparment of the China Hub in Beijing. Ves-tas' Graduate Program is built around three 8-month rotations in different locations aroundthe world to work with people from differentcultures on a variety of projects.

The CEMS experience was a stepping-stone to developing my internationalprofile and multicultural skills. Livingabroad has always been a challengeand meeting people from all over theglobe is the best way to understand dif-ferent cultures.

“

”

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CEMSAlumni

CEMS Alumni Career Services –successfully launched!One of the priorities of the CEMS Alumni Association isto provide professional services to its members. Aftertwo years of intense work and preparation the newCEMS Alumni Career Services was launched this springto the community with a launch event for the CorporatePartners in Zurich in cooperation with Zurich FinancialServices and an email marketing campaign to the alumnicommunity. Close to 400 alumni have already uploadedtheir profile on www.cems.org/career

The Career Services Task Force has since undergonesome structural changes and a growth team was set up.The new team is focusing on improving the service andmoving it to the next level.

EC/LC Meeting in KrakowThe 2007 Fall meeting of the CAA Executive Committeeand Local Committees representatives took place in thepicturesque city of Krakow. The three day event startedwith an intense day of teambuilding including variousoutdoor activities followed by two days of formal meet-ing, intense discussions and productive workshops.

The main topics discussed included the Career Servicesand cooperation with the students. To maximise knowl-edge sharing between the student community and theAlumni Association, Magne Borgund, 2007 StudentBoard president was invited to participate and contributeto the meeting.

New Local Committee – LC Ireland!The CEMS Alumni Association now also has a LocalCommittee (LC) in Dublin. With the founding of the IrishLC, the international alumni network is now locally repre-sented in ALL European CEMS member countries.

A Year full of Work and FunThe Alumni Events Calendar was packed with variouslocal and pan-European events organised by the LocalCommittees; with a cultural focus like CEMS at Kaf-feesiederball in Vienna, or at the Montreux Jazz Fes-tival in Switzerland; sports events with a Golftournament in Copenhagen, CEMSauna & Ski Week-end in the Czech Republic, charity run in Rotterdam,Management Mile in Austria or a Hiking Trip in Wales.

Professional events included a number of different localevents to launch the Alumni Career Services, a Coachingworkshop in Denmark, a Change Management lecture inthe Netherlands or an Afterwork Apéro in Switzerland.

And last but not least the CEMS Alumni Associationactively supported the Walk the World initiative with theLocal Committees raising funds, organising local eventsand joining forces with the students to Fight Hunger &Walk the World!

For more information on studentand alumni activities, ask for yourcopy of the CEMS Alumni Associa-tion and Student Board Magazineat alumni@cems.org

CEMS Graduate Survey 2006 In April 2007, CEMS sent out a survey to nearly 300 stu-dent of the CEMS Class of 2006 who had graduatedfrom the Master’s in International Management Pro-gramme (CEMS MIM). The response rate was 42%.

Significant Figures362 graduates

85.5% respondents already employed at the time of their graduation

83% work for a multinational company

36% work for a CEMS Corporate Partner

International Exposure

39% respondents located outside of their home country

Of those living in their home country,81% are working internationally

Average annual salary42,000 euros 14% earn over 60,000 euros

CEMS Alumni Survey 2006 *The survey is carried out among alumni with updatedinformation in the CEMS Alumni database.

Significant Figures4141 alumni

1833 women2308 men

50 nationalities living and working in over

55 countries around the world

37% have begun their career abroad

47% currently live outside of their home country

35% work in Executive Management position

20% work in Finance

15% work in Marketing

* October 2006 figures.

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ConsumerGoods

Consulting

Automotive

Healthcare

Banking& Finance 22%

20%

14%

7%

7%

The European Business Forum EBF is the quaterly management review of the CEMSnetwork and is aimed at business executives worldwide

Founded in April 2000 and fully owned by CEMS since2005, EBF has a readership of over 40,000 Europeantop business executives, and is often described as “theHarvard Business Review of Europe.” It’s easy to seewhy:

z Cutting-edge business thinking from around theworld;

z High-level thinking from leading practitioners inbusiness and academia;

z In-depth case studies and new research providingideas with practical relevance;

z Insights from many of the world’s most admiredbusiness leaders.

EBF represents an original departure from the traditionalpositioning of business publications; it is neither an aca-demic journal nor a business news magazine. EBF is aneditorially-independent publication, whose ambition is toraise the European voice in the international manage-ment debate and to present its audience of businessexecutives with diverse and challenging opinions, com-bining managerial relevance with academic rigour.

EBF has a significant, unique audience of Europeanbusiness leaders at the most senior level. Over 80% holdpositions at board level, the key senior decision-makersand vitally important influencers in the buying chain. Themagazine, read by business school academics and stu-dents, is considered recommended reading.

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Developments in 2007MarchEBF is comprehensively redesigned incorporating a fresh,modern look and a new section called “Observations”.

AprilEBF re-launches its web site, EBFonline.com, completewith an archive of articles going back to the Spring 2000edition of the magazine.

OctoberEBF wins a UK Magazine Design & Journalism Award –in the “Best Use of Illustration” category. In their citation,the judges note: “EBF is now distinguishable in a sectordominated by graphs, cheesy pictures and passportphotos of contributors. It has helped to interpret compli-cated reading matter, enhanced the experience for thereader, and given EBF more authority. It has stand-outquality.”

EBF Editorial Content A high percentage of EBF’s content comes the schoolsmaking up the CEMS network. However, EBF is an inde-pendent publication and the editors are also interested inhearing from other business schools, not to mentionconsultancies and business practitioners. EBF seeks topublish the highest quality content, irrespective of origin.

If you would like to get in touch with the editors, contact BenSchiller, the managing editor, at bs1@caspianpublishing.co.uk, orby phone at +44 207 368 7161.

EBF Editorial CommitteeThe editorial committee is responsible for the strategicdirection of EBF. It meets twice a year to determine andmaintain the editorial positioning, policy and direction ofthe magazine.

The committee is jointly chaired by Professor BodoSchlegelmilch, Academic Editor of EBF, Vienna Universityof Economics & Business Administration, and StuartRock, Editorial & Publishing Director, Caspian Publishing.

The other members of the committee are Valter Laz-zari, Università Bocconi, Milan; Alfons Sauquet, ESADE,Barcelona; Flemming Poulfelt, Copenhagen BusinessSchool; Bertrand Moingeon, HEC, Paris and Steef vande Velde, RSM Erasmus University, Rotterdam.

The Winner of the Nokia-EBF PhDAward is…The selection committee has agreed to bestow the inau-gural Nokia-EBF PhD Award to Dr. Erik Kole, AssistantProfessor of Financial Econometrics at the EconometricInstitute, Erasmus School of Economics and BusinessEconomics. The 2007 competition was organised fordoctoral thesis in finance, and Dr Kole submitted his dis-sertation: “On Crises, Crashes and Comovements”.

The prize will be presented at the CEMS Annual Meeting inMilan late November, and a summary of the winning articlewill appear in EBF's Winter edition in December 2007.

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AD Rotterdams Dagblad2007-05-02 – The NetherlandsWiener Zeitung

2007-01-16 – Austria

Il Sole -24 ora2007-05-30 – Italy

Businessworld Magazine2007-June – Austria

Finanza Mercati2007-06-27Italy

Handelsblatt2007-03-16

Germany

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Cogito2007-09-17 – Poland

RZECZPOSPOLITA2007-09-19 – Poland

The Financial Times2007-09-17 – United Kingdom

The Financial Times2007-09-16 – United Kingdom

Il Sole-24 ora2007-05-30 – Italy

MOCI2007-16-05 – France

François CollinExecutive Director

Triona CampbellNetwork & Communication Manager

Andrée EgloffAlumni Association Coordinator

Nicole de FontainesSecretary General

Stefano GnesCorporate Relations Manager

Mariette LecroartAdministration

Roland SiegersCEMS MIM Programme Manager

Peter Bedford Nokia - Dr Global Resourcing & Employment Margarete Roos (2008) *Nokia – Head of Recruitment & Employer Image

Thomas BiegerHSG – Dean of the Faculty of Management

Magne Borgund (2007)Agata Rundo (2008)CEMS Student Board – President

Philip BourkeUCD - Professor

Gunnar ChristensenNHH - Dean for International Affairs

Ina ClassenHenkel - Head of Corporate Recruitment

Audrey Clegg *Wolseley - Head of Leadership Development

Hervé CrèsHEC - Associate Dean

Werner DelfmannUoC - Academic Director International Affairs

Kai EkholmPricewaterhouseCoopers - Eurofirm HR Dr

Carlo GallucciESADE - Executive Director Univ Prog Unit

Elisabet GuaschESADE – CEMS Coordinator representative

Hakan HallenUBS - Head of HR Recruitment Services

Karl-Olof HammarkvistSSE - Head of MSc Programme

Eero KasanenHSE - Rector

Sándor KerekesCorvinus - Professor

Hana MachkováVSE - Vice-Rector Int. Relations & PR

David PappieShell - Manager Global Attraction &Recruitment

Anna Patrono *Whirpool - Director, Talent Acquisition and Management

Reinhard PetschniggOesterreichische NationalBankHead of Unit - Credit Division -

Piotr PloszajskiSGH - Head of Management Department

Diane ReyniersLSE - Director of IIM

Carlos Romero UscangaEGADE - Director Master in Int. Business

Dorte Salskov-IversenCBS - Vice-Dean of Education

Bodo SchlegelmilchEBF – Academic Editor

Pierre SemalUCL - Professor

Andrea SironiUB - Dean for International Affairs

Rita SolteszCorvinus – CEMS Coordinator representative

Barbara SpornWUW - Vice Rector for Research,Internatational Affairs & Ext.

Elke ThammCEMS Alumni Association – President

Eric WaartsRSM - Director University Programmes

CEMS Executive Board

CEMS European Office

Prof. Dr. Christoph BadeltRector, WUW

Prof. Thomas BegleyDean, UCD

Prof. Lars BergmanPresident, SSE

Prof. Thomas BiegerCEMS Academic Chair, Vice-Rector, HSG

Prof. Adam BudnikowskiRector, SGH

Prof. André de Béthune (2008)Prof. Yves de Rongé (2007)President of IAG, UCL

Marina EloyING – Head of Human Resources

Prof. Saul Estrin Dean of the Faculty of Management, LSE

Prof. Jan HaalandRector, NHH

Mr Christopher Hagman (2007)Managing Dir. Global Sales & Services, ReutersJoerg Floeck (2008) *Managing Director EMEA Business, Reuters

Prof. Dr. Richard HindlsRector, VSE

Prof. Jens Aaris Thisted (2007)Prof. Finn Junge-Jensen (2008)Rector, CBS

Prof. Tamas Meszaros (2007Prof. Agnes Hofmeister (2008)Dean, CORVINUS

Prof. Eero KasanenRector, HSE

Prof. Carlos Losada Director General, ESADE

Mr Philippe LouvetCorporate Dir. of Learning Dvlpt, L’Oréal

Prof. Angelo ProvasoliRector, UB

Prof. Lluis PugèsCEMS Honorary Chairman

Prof. Bernard RamanantsoaCEMS Chairman. Dean, HEC Paris

Mr Kasper RorstedExecutive Vice President, Henkel

Prof. Franz Schulz-NieswandtDean of the Faculty of Economics, UOC

Prof. Han van Dissel (2007)Dean, RSM Erasmus UniversityProf. Berend Wierenga (2008)Interim Dean, RSM Erasmus University

CEMS Strategic Board

Non voting members: Bernard Ramanantsoa, CEMS Chairman; François Collin, CEMS European Office; Nicole de Fontaines, CEMS European Office

Non voting members: François Collin, CEMS European Office; Nicole de Fontaines, CEMS European Office

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* to be ratified in December 2007

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CBS

CORVINUS

ESADE

HEC

HSE

HSG

LSE

NHH

RSM

SGH

SSE

UB

UCD

UCL

UoC

VSE

WUW

CUHK

EGADE

FGV-EAESP

GSOM

IVEY

NUS

TSINGHUA

USYD

CBS

CORVINUS

ESADE

HEC

HSE

HSG

LSE

NHH

RSM

SGH

SSE

UB

UCD

UCL

UoC

VSE

WUW

FGV-EAESP

Andreas Moe Jørgensen/Susanne Evonne van der Lee

Andras Vlaszak/Viktor Schmidt

Sabine Schara

Cécile Burghard

Kirsi Eskelinen/Terhi Sipilä

Gregor Hasler/ Johannes Heinrich

Maurice Vakily/Ruediger Kloss

Magne Borgund/C.Skouge/M-J Sandnes/S. Holmås

Pauline Havens

Agata Rundo

Jessica Thorell/Karin Källman

Elisa Scarani/Tetyana Samoylenko

Abir Puri/Artur Pieczonka/Philippe Rajesh Shah

Alexandra Van der Beken-Pasteel

Arian Ceilan Mizani/Tatiana Dubina

Anna Sterbova

Konstantin Heiller/Stefanie Stöttinge

Denis Nakagaki

Magne Borgund, President 2007

Agata Rundo, President 2008

Philippe Rajesh Shah, Vice-President / Treasurer 2007

Abir Puri, Vice-President / Treasurer 2008

CEMS Student Board CEMS Student Board Executive Committee

Elke Thamm, President

Robert Hackl, Vice-President

Lukasz Pawlowski, Secretary General

David Zmrzly, Treasurer

CEMS Alumni Association Executive Committee

In charge of developing theCEMS MIM curriculum andall academic affairs; groupsthe Academic Directors.

CEMS Research and DoctoralEducation Committee

They organise and advise students, and implement decisionsmade at Board and Academic Committee levels.

CEMS MIM Academic Committee

CEMS RDE Committee CEMS Academic andCorporate Relations Coordinators

CEMS Student Board and Alumni Association

The Annual Review is edited at the CEMS European Office Editor: Triona Campbell (triona.campbell@cems.org)Design and layout: G-One Design & Page !mpactProduction: a2mph

Sven Junghagen

András Nemeslaki

Josep Franch

E-A Peyrache / J-P Larçon

Hannu Seristö

Jürgen Brücker

Diane Reyniers

Tor Aase Johannessen

Rene Olie

Piotr Ploszajski

Per-Olov Edlund

Stefano Caselli

Jacob Eisenberg

Pierre Semal

Werner Delfmann / C. Degen

Helena Sedlackova

Björn Ambos

Peter Lods

Karoly Balaton

Eduard Bonet / Nuria Agell

Tamym Abdessemed

Eero Kasanen/Timo Saarinen

Martin Hilb

David de Meza

Kjell Gronhaug

Marno Verbeek

Marianna Strzyzewska

Deo Sharma

Fulvio Ortu

John Geary

Philippe Chevalier / Manuel Kolp

Christi Degen

Helena Sedlackova

Gerhard Fink / Karl Sandner

Alejandro Ibarra

Ligia Maura Costa

Mitch Rothstein

Elisabeth Cowley

R. Barseghian/ E. Dembinska

Rita Soltesz

Caroline Beckershaus

Britta Delhay

Tiina Airila

Jacqueline Küng

Julie Fordham

Nina Gry Stein

Patricia de Heer

Grzegorz Augustyniak

Ch.Bäckman / K.Funato Hallgren

Sarah Goldman

Michael McDonnell

Nancy Guillaume

C. Karl / J. Reusch

Renata Subrtova

Susanne Krieber

Annissa Chan

Melissa Saucude

P. Cunha de Mello

Anna Berezini

Ella Strong

Natalie Kum

Jodie Hong

Joanna Martin

R.Barseghian / E.Dembinska

Zsuzsa Krista

Elisabet Guasch

Valérie Leroy

Kaija Laitinen

B. Hensler / J. Küng

Gary Woodward

Nina Gry Stein

Frieda Franke

Agata Zuchowska

Anna Gyllström

S. Maffina / R.Raineri

Jacq Ashmore

Sophie.Neu

Christa Leenen-Poser

Helena Hruzova

Isabella Nesterski

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CEMS Students raise 50,000 ¤for Fight Hunger: Walk the World

CEMS joined forces with the United Nations World FoodProgramme (WFP) and international courrier TNT to sup-port the 3rd Annual “Fight Hunger: Walk the World”. Thisglobal humanitarian initiative aims at raising awarenessand funds to eradicate child hunger in the world by 2015.“Fight Hunger: Walk the World” perfectly corresponds tothe CEMS’ philosophy of providing education in order tobroaden the range of opportunities in life”, explains Fran-cois Collin, Executive Director of CEMS.

On Sunday May 13, 2007 the streets of Vienna, Brus-sels, Prague, Copenhagen, Helsinki, Cologne, Buda-pest, Dublin, Rome, Warsaw, Barcelona, Stockholm,Rotterdam and New York City teemed with members ofthe CEMS community walking together.

For months, CEMS students and alumni workedtowards this date to organise diverse public events.

CEMS Corporate Partners such as BP, Nestlé,Wolseley, Henkel, L’Oréal, Procter & Gamble, INGGroup, Reuters, Novo Nordisk, RBS and Statoilsupported the students by providing sponsorshipand donations.

Donations raised by the CEMS Community will godirectly to the WFP’s hunger elimination and childeducation programmes. “The fact that all CEMSstakeholders got involved in the project alsoreflects the strong ties of our community”, explainsAlexandra Bachmann and Pauline Havens, whocoordinated the students’ activities in Europe.