Conference 2016 September 9-11 Bucharest

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1 Global Insead DAy Weekend / Annual Conference 2016 September 9-11 Bucharest

Agenda Invitation 16.30 18.00 18.30 9.00 11.00 Bus Transfer at 8.15 12.00 14.45 15.30 Bus Transfer at 15.00 20.00 Bus Transfer at 19.30 9.30 Bus Transfer at 8.30 Registration 9.00 9.30 14.00 19.

00» Thursday, 8 September 2016 Thursday Night Reception Peter and Marina de Haydu Calea Victoriei 23 Apt 20, Bucharest 10097 CHANGE A NIGHt with with Nicolai Dumitru, pianist Theater Act, Calea

9-9A, Sector 2, Bucharest Conference Opening: Business Leaders Lunch Athénée Palace Hilton, Str.

September 2016 National Bank of Romania* 25 Lipscani Street, Bucharest 30031 Keynote Speeches & Panel Discussion: Change moderated by Sanda Nicola, TVjournalist and moderator - Mugur Constantin

Aviva Chair Emeritus Professor of Leadership and Responsibility, INSEAD Time to Explore Bucharest Old Town Rally *Please bring your passport!

very special weekend in Bucharest. As a premiere, the Boards of IAAG and IAARom decided on a jointly organized alumni event in Bucharest between 9-11 September 2016.

2 Agenda Invitation Bus Transfer at Bus Transfer at Bus Transfer at Bus Transfer at 8.30 Registration Bus Transfer at 19.00» Thursday, 8 September 2016 Thursday Night Reception Peter and Marina de Haydu Calea Victoriei 23 Apt 20, Bucharest CHANGE A NIGHt with with Nicolai Dumitru, pianist Theater Act, Calea Victoriei 126, Bucharest limited capacity» Friday, 9 September 2016 FruFru Organic Food Company Bvd. Dimitrie Pompei Nr. 9-9A, Sector 2, Bucharest Conference Opening: Business Leaders Lunch Athénée Palace Hilton, Str. Episcopiei 1-3, Sector 1, Bucharest INSEAD Session: BUSINESS MEETS Government location & content to be announced Welcome Dinner at Lake Herastrau Sector 1, Bucharest » Saturday, 10 September 2016 National Bank of Romania* 25 Lipscani Street, Bucharest Keynote Speeches & Panel Discussion: Change moderated by Sanda Nicola, TVjournalist and moderator - Mugur Constantin Isarescu, Governor of the National Bank of Romania - Costin Borc, Vice Prime Minister and Minister of Economy, Romania - Theodor Paleologu, President Casa Paleologu - Henri-Claude de Bettignies, Aviva Chair Emeritus Professor of Leadership and Responsibility, INSEAD Time to Explore Bucharest Old Town Rally *Please bring your passport! Global INSEAD Day-Gala* National Bank of Romania 25 Lipscani Street, Bucharest limited capacity Dear Alumnae and Alumni, Dear Friends and Guests, It gives us great pleasure to invite you to a very special weekend in Bucharest. As a premiere, the Boards of IAAG and IAARom decided on a jointly organized alumni event in Bucharest between 9-11 September As the dates are very close to INSEAD s global celebration day, the event will not only be the annual conference ot the IAAG but become a joint Global INSEAD Day Weekend. In additon to the local INSEAD Alumni in Romania, more than 100 INSEAD Alumni from Germany are expected to be in Bucharest for this exceptional event. Romania s capital is dynamic and energetic. It s where remains of communism meets global ambitions; where history and future are equally vibrant. Change has a grip on this beautiful city and to catch this spirit we have arranged an intense and rewarding programme for you. Guests arriving already on Thursday can enjoy an intimate reception at the home of alumnus Peter de Haydu followed by a night of music with pianist Nicolai Dumitru. Company visits and our Business Leaders Lunch on Friday will give us the chance to connect with outstanding Romanian entrepreneurs from innovative companies founded in Romania. On Saturday the stage is set for a panel discussion with insights on Change in Romania with Mugur C. Isarescu, Governor of the National Bank of Romania, Costin Borc, Vice Prime Minister and Minister of Economy, Romania, Theodor Paleologu, diplomat and political philosopher and Henri-Claude de Bettignies, the Aviva Chair Eremitus Professor of Leadership and Responsibility, INSEAD. We will have the unique chance to celebrate our Global INSEAD Day in the fantastic setting of the National Bank s Marble Hall and will receive first-hand information on the newest developments at INSEAD by Andreas Jacobs, Chairman of INSEAD. In terms of culture and entertainment there will be enough time to fall for this city. Specially tailored tours or walks will be challenging experiences, even for those who know this city well, and our Lunch on Sunday at the Club Diplomat will finish off our weekend in style. We look forward to sharing three wonderful days in Bucharest with you! Change innovation transforming ideas making a difference» Sunday, 11 September IAAG Members Assembly Athénée Palace Hilton Episcopei 1-3, Sector 1, Bucharest agenda still subject to change Time to Explore Bucharest Guided Tours National Museum of Art of Romania / Parliament Palace* Farewell Lunch at the Club Restaurant Diplomat Sos. Bucharest Ploiesti 2B, Sector 1, Bucharest Xander Heijnen & for the boards of the IAAG & IAARom Cristian Ionescu 2 IAAG Annual Conference 2016 / Global INSEAD Day Weekend Bucharest Sept. 9 Sept. 11 3

Locations and Events Locations and Events» Friday, 9 September 2016» Saturday, 10 September 2016 Production Site Visit FruFru Bvd. Dimitrie Pompei Nr.

.. frufru pioneered the healthy food segment in Romania ten years ago and has stayed authentic to its mission ever since: to bring fresh, natural, tastiest healthy food to the young professionals,

The company was set up in 2006 by Mihai Simiuc with the purpose to offer a viable alternative to the so-called junk food industry.

Over the years, it managed to transform a niche into a full blown market for healthy living. frufru has a varied and continuously enhancing portfolio of daily fresh and hand-made goodies.

And it innovates with every step it takes: the goodies, the experience, the partnerships, the communication, the involvement in the community.

3 Locations and Events Locations and Events» Friday, 9 September 2016» Saturday, 10 September 2016 Production Site Visit FruFru Bvd. Dimitrie Pompei Nr. 9-9A, Sector 2, Bucharest national Bank of Romania 25 Lipscani Street, Bucharest Organic food, smoothies... frufru pioneered the healthy food segment in Romania ten years ago and has stayed authentic to its mission ever since: to bring fresh, natural, tastiest healthy food to the young professionals, young creatives and health conscious people in a tasty, joyful and convenient way. The company was set up in 2006 by Mihai Simiuc with the purpose to offer a viable alternative to the so-called junk food industry. Using its knowledge for better nutrition, frufru changed the way good food is produced and delivered, and is actively involved in educating the consumer. Over the years, it managed to transform a niche into a full blown market for healthy living. frufru has a varied and continuously enhancing portfolio of daily fresh and hand-made goodies. It self-distributes the goodies to over 100 locations in Bucharest, daily. Always searching for the best quality ingredients, frufru sources locally and organic whenever it can. And it innovates with every step it takes: the goodies, the experience, the partnerships, the communication, the involvement in the community. frufru makes it easy to eat healthy and be healthy, to do good and be good. Business Leaders Lunch Le Diplomate Ballroom, Athénée Palace Hilton, Episcopei 1-3, Sector 1, Bucharest The National Bank of Romania was established in It preserves a valuable architectural heritage, comprising two palaces where the bank has its headquarters the Old and New Palace. Conference Session Change Keynote Speeches and Panel Discussions The New Palace of the National Bank of Romania has been built between 1940 and 1955, in response to the enlargement and diversification of the bank s activity during the inter-war period. The building embodies the neo-classical style and bears rationalist influences that have prevailed in the inter-war period. Its rotunda in the central hall, decorated with geometrical elements, stands out. The ceiling of the same space is painted. The Mitita Constantinescu and Alexandru Ottulescu halls (the governors in office during the works on the New Palace) are used for conferences and other activities specific to central banks. The rest of the building comprises the offices of the management and of the employees of the National Bank of Romania. Old Palace For our Business Leaders Lunch The Business Leaders` Lunch is featuring renowned personalities from the worlds of business and politics and will provide the opportunity to connect with outstanding Romanian entrepreneures from innovative companies founded in Romania. We will get first hand information from Alex Lapusan, CEO of Zitec, a company specialized in efficient software solutions for challenging projects and and from Bitdefender, a global player in protective networks reaching out to more than 500 million users around the world. Welcome Dinner restaurant at the Lake Sector 1, Bucharest Gala Dinner The Old Palace has been built in the eclectic style of the late 19th century, with some neo-classical elements, between 1884 and 1890, according to blueprints of French architects Cassien Bernard and Albert Galleron. It is the first important bank building in Bucharest, the most imposing building of a financial institution, which can be compared with other great constructions of the time in European capitals. Key elements of the important historical heritage of the NBR include the Library, the Archives and the Museum, the latter focused on numismatic items. Marble Hall Gala Dinner Park Herastrau The Romanian cuisine has always been international. There is a flavour of Byzantium, Austria and Russia and of course the international cuisine of the European Community. All these have left their culinary traces. Let s explore this exciting mixture of influences together at Lake Herastrau. The lake is situated in a large Park. Initially, the area was full of marshes created by the river Colentina, but was drained between 1930 and Two beautiful lakes, the larger one being lake Herastrau, were built and have made the park very popular with the city s inhabitants. Especially in summer it is a green oasis with a spectacular garden. Outstanding room in the Old Palace is the Marble Hall which had initially been designed to be used for bank operations. Nowadays the Marble Hall hosts the numismatic exhibition of the Museum of the National Bank of Romania. 4 IAAG Annual Conference 2016 / Global INSEAD Day Weekend Bucharest Sept. 9 Sept. 11 5

Locations and Events hotels Revolution Square» Sunday, 11 September 2016 explore bucharest Sightseeing Tour To explore the city you have the choice of a guided tour at the National Museum of Art of

The National Museum of Art in Romania is conveniently located across the street from our chosen hotels in the former Royal Palace in Revolution Square.

Prince Carol of Hohenzollern, king to be of Romania, ordered the building of a throne hall and receptions room by French architect Paul Gottereau by extending the house of his predecessor, Alexandru

Quite a contrast is Parliament Palace, one of, if not the most impressive relic from the communist era.

After the big earthquake in 1977, 7 km 2 in the old city center were demolished, and 40,000 people were relocated from this area to build the palace and Uranus Hill was leveled.

In 1989 building costs were estimated at $1.75 billion. Since 1994 the building hosts the Chamber of Deputies and since 2004 the Senate as well as other official institutions.

4 Locations and Events hotels Revolution Square» Sunday, 11 September 2016 explore bucharest Sightseeing Tour To explore the city you have the choice of a guided tour at the National Museum of Art of Romania or a visit of the Parliament Palace. Both tours are combined with a sightseeing tour of some of the cities highlights by bus. The National Museum of Art in Romania is conveniently located across the street from our chosen hotels in the former Royal Palace in Revolution Square. It is featuring collections of medieval and modern art, as well as the international collection assembled by the Romanian royal family. Prince Carol of Hohenzollern, king to be of Romania, ordered the building of a throne hall and receptions room by French architect Paul Gottereau by extending the house of his predecessor, Alexandru Ioan Cuza. The Royal Palace has witnessed thorough rebuilding, renovations and all important historical changes in Romania in the 20th century. Quite a contrast is Parliament Palace, one of, if not the most impressive relic from the communist era. Build under Ceausescu by 28 year old architect Anca Petrescu the People s House is the second largest building of the world. After the big earthquake in 1977, 7 km 2 in the old city center were demolished, and 40,000 people were relocated from this area to build the palace and Uranus Hill was leveled. Between 20,000 and 100,000 workers, sometimes even working in three shifts were busy on the site. Thousands of people died at the People s House, some mention a figure of 3,000. In 1989 building costs were estimated at $1.75 billion. Since 1994 the building hosts the Chamber of Deputies and since 2004 the Senate as well as other official institutions. FAREWELL LUNCH Club Diplomat Sos. Bucuresti-Ploiesti 2B, Sector 1, Bucharest The Restaurant Diplomat is located on the grounds of the Club Diplomat, a well know club in Bucharest. This is where events of the diplomatic community in Bucharest take place. The club indulges in the importance of fair play and mutual respect between people, countries and cultures, even in conditions of tight competition. Athénée Palace Hilton Athénée Palace Hilton, Episcopei 1-3, Sector 1, Bucharest Tel Located in the vibrant heart of the city, Athénée Palace Hilton celebrated a century of its existence in Designed by the French architect Théophile Bradeau, Athénée Palace has continued to spread the warmth of hospitality ever since its opening in The hotel has often attracted praise from historians and novelists, and in the 40s Waldeck Countess wrote about the Athénée Palace as the most cosmopolite scene of Europe. Everyone from kings and presidents, Hollywood celebrities and World War figures have passed through its doors. The hotel has been renovated four times so far. The first time in 1937 by the Romanian architect Duiliu Marcu, then in 1965 when the new wing was built, in 1997 when it was reopened as Athénée Palace Hilton Bucharest and in when the ground floor and the restaurants were refurbished. Now Athénée Palace Hilton offers 272 luxurious rooms: 147 guest rooms, 38 executive rooms, 45 junior suites and 20 suites. This historic landmark continues the legacy of luxury service and tradition as it entered into the limelight of another century. Mercure Hotel Bucharest City George Enescu Street 17A, Bucharest Tel index.shtml Located in convenient distance to Lipscani historic quarter, Romanian Athenaeum, Revolution Square or former Royal Palace, the Mercure Bucharest City Center is a trendy boutique hotel, which was inspired by the famous composer Enescu. Good local wines, upscale, individually designed rooms and passionate hosts offer a typical local experience. Athénée Palace in downtown Bucharest Overlooking Bucharest largest Park Diplomat Restaurant is one of the city s luxury restaurants. Since its opening in late 2012, it became the most distinct social marker of its group for the sophisticated world of Bucharest. Mercure Hotel budget boutique style 6 IAAG Annual Conference 2016 / Global INSEAD Day Weekend Bucharest Sept. 9 Sept. 11 7

speakers speakers» Henri-Claude de Bettignies» Mugur Constantin Isarescu Henri-Claude de Bettignies the Aviva Chair Emeritus Professor of Leadership and Responsibility, INSEAD Henri-Claude de

Professor of Globally Responsible Leadership at the China Europe International Business School (CEIBS) and former Director of the Euro-China Centre for Leadership and Responsibility (ECCLAR) that he

He started and developed INSEAD s activities in Japan and the Asia Pacific region which led, in 1980, to the creation of the Euro-Asia Centre, of which he was Director General until 1988.

Nine books have been published under his name and over 50 articles in business and professional journals.

Mugur Constantin Isarescu has been Governor of the National Bank of Romania since 1990 with tenures granted in 1991, 1998, 2004, 2009 and 2014.

Mugur Constantin Isarescu started his career at the Institute of World Economy as researcher with a focus on global monetary and financial relations and institutions, economic environment,

In 1997 he became Director of the Institute of World Economy (discontinued while serving as NBR Governor). From December 1999 until December 2000 Mugur Constantin Isarescu was Prime Minister.

5 speakers speakers» Henri-Claude de Bettignies» Mugur Constantin Isarescu Henri-Claude de Bettignies the Aviva Chair Emeritus Professor of Leadership and Responsibility, INSEAD Henri-Claude de BETTIGNIES, the Aviva Chair Emeritus Professor of Leadership and Responsibility and Emeritus Professor of Asian Business and Comparative Management at INSEAD is also the Distinguished Emeritus Professor of Globally Responsible Leadership at the China Europe International Business School (CEIBS) and former Director of the Euro-China Centre for Leadership and Responsibility (ECCLAR) that he created in Shanghai, at CEIBS, in Every year (since1988) as Visiting Professor at Stanford University (Graduate School of Business) he teaches MBA and Executive courses. He started and developed INSEAD s activities in Japan and the Asia Pacific region which led, in 1980, to the creation of the Euro-Asia Centre, of which he was Director General until Professor de Bettignies started the development of the Ethics initiative at INSEAD, and pioneered a new approach (AVIRA) to enlighten business leaders. Nine books have been published under his name and over 50 articles in business and professional journals. He is on the editorial board of six academic journals and on the International Advisory Board of several business schools and non-government organizations. Mugur Constantin Isarescu has been Governor of the National Bank of Romania since 1990 with tenures granted in 1991, 1998, 2004, 2009 and He holds a PhD in economics from the Academy of Economics in Bucharest, where he is a Professor at the Finance, Insurance, Banks and Stock Exchanges Faculty since Mugur Constantin Isarescu started his career at the Institute of World Economy as researcher with a focus on global monetary and financial relations and institutions, economic environment, particularly in Western countries; Romania s foreign economic relations; issues related to the establishment and functioning of international credit mechanisms, exchange rates and prices. In 1997 he became Director of the Institute of World Economy (discontinued while serving as NBR Governor). From December 1999 until December 2000 Mugur Constantin Isarescu was Prime Minister. He holds numerous titles Doctor Honoris Causa.» Theodor Paleologu Mugur C. Isarescu, Governor of the National Bank of Romania Costin Borc Vice Prime Minister and Minister of Economy» Costin Borc Costin Borc holds the position of Vice Prime Minister and Minister of Economy. He is a graduate of Polytechnic Institute of Bucharest and earned a doctorate in Economics, specializing in macro-economics at the University of Madison. Borc worked in the Lafarge Group in the US, followed later by the handling of the company s operations in Romania. From 2009 Costin Borc occupied the position of General Director at CRH Romania. Other countries where Costin Borc has worked are France and Serbia. He has held in the past positions as adviser in other governments. Casa Paleologu is a leading foundation focusing on maintaining the tradition of bringing together intellectuals committed and responsible to the community. The foundation is spearhaeded by its President Theodor Paleologu, a political philosopher and diplomat, author and lecturer, who is on a mission of shaping minds and helping people understand the world undogmatically. Theodor is a former student of Ecole Normale Supérieure, studied philosophy at Paris I Sorbonne University and has a PhD in political philosophy at the Ecole des Hautes Etudes en Sciences Sociales and the University of Munich. He was a fellow at Harvard, Notre Dame and Wissenschaftskolleg zu Berlin, taught at Boston College, Deep Springs College, European College of Liberal Arts in Berlin and the University of Copenhagen. He was ambassador of Romania in Denmark and Iceland and Minister of Culture. He is currently a member of the House of Representatives. Theodor Paleologu, President of Casa Paleologu 8 IAAG Annual Conference 2016 / Global INSEAD Day Weekend Bucharest Sept. 9 Sept. 11 9

6 General Assembly Registration» Sunday, 11 September 2016, 9.00 Open to all members of the NAA Germany» Registration Athénée Palace Hilton, Episcopei 1-3, Sector 1, Bucharest Members Assembly of INSEAD Alumni Association Germany e.v. 1. Welcome Dr. Christian Rebhan 2. report of the Executive Committee» development and Achievements 2015 / 2016 dr. Christian Rebhan» regional and Club Activities dr. Christian Rebhan» Communication dr. Christian Rebhan» marketing & Young Alumni dr. Christian Rebhan» life Long Learning bettina Langenberg 3. Financial Report 2015 Bettina Langenberg 4. Controller s Report Hans Breuninger 5. Approval of the ActionS of the Executive Committee 6. Report of the Advisory Board Mark Walther 7. approval of the Actions of the Advisory Board 8. Election of the members of the executive Committee Please register by completing the registration form and sending it to the IAAG Office via , fax or mail. The number of rooms we have reserved at the hotels is limited, so that we make reservations on a first come first serve basis. RSVP by August 1, Upon receipt of the registration form, your registration will be confirmed by . About 7 days prior to the conference you will receive an information package including, inter alia, an updated program, information on the city of Bucharest and the hotel you have chosen. Participation fees and hotel rates Hotel rates are quoted per night and include breakfast and applicable taxes, if stated. Please note that expenses for minibar, telephone, internet access or parking are not included and have to be settled by the guest upon check out. It is possible to book only part or parts of the program for the price stated on the registration form. The Thursday night programm has to be booked separately. The participation fee for the whole programm includes:» Transfer by bus as mentioned in the agenda» one guided tour & Old Town Rally» Company Visit at FruFru and panel discussion with lunch» business Leaders` Lunch, Welcome Dinner, Gala Dinner and Farewell Lunch» please note that the Thursday night program at the Act Theatre is not included in the participation fee, but will be charged separately. Cancellation and cancellation fees 50% until August 15, thereafter 100%. Replacement by another participant is generally possible. 9. Election of the members of the Advisory Board 10. Election of the auditor 11. News from INSEAD 12. Miscellaneous June, 2016 Please note that the members assembly will be conducted in German! agenda still subject to change We took great care in negotiating the best possible prices. For that reason, we regret that individual alterations of the program are not possible as a rule. In urgent cases please enquire with IAAG s office. Travelling to Bucharest We suggest to book flights and trains early in order to profit from better rates. Please note that flights to and out of Bucharest on a weekend are difficult to book on short term. Passport / Identity Card Please bring your passport or identity card with you to the panel discussion and the Gala Dinner at the National Bank of Romania as well as to the guided tour at the Parliament Palace. Dr. Christian Rebhan President bettina Langenberg Vice President Limited Capacity Please note for some of the events there is only a limited capacity. This is the case for the reception at Peter and Marina de Haydus home on Thursday night, the Gala Dinner at the NBR, and the guided tours. Bookings will be made on a first come first serve basis. If one of the events is fully booked we will inform you accordingly. If you have any questions regarding the Annual Conference, please contact Verena von Guionneau or Antje Kirchert-Hornung. Buchenweg 25, D Starnberg, info@insead.de, Tel.:+49 (0) , Fax.: +49 (0) IAAG Annual Conference 2016 / Global INSEAD Day Weekend Bucharest Sept. 9 Sept

We would like to thank all involved in the organization for their dedicated, enthusiastic and generous support of this Global INSEAD Day Weekend in Bucharest!

7 We would like to thank all involved in the organization for their dedicated, enthusiastic and generous support of this Global INSEAD Day Weekend in Bucharest! The Business School for the World #1 MBA, #1 EMBA, #1 Single School EMBA as ranked by the Financial Times INSEAD Alumni Association Romania, Calea Floreasca, Nr. 39, Sect.1, Bucharest INSEAD Alumni Association Germany e.v., Geschäftsstelle: Buchenweg Starnberg Germany Tel. +49 (0) Fax.+ 49 (0)

TIBOR VARADY University Professor Emeritus CEU Department of Legal Studies

TIBOR VARADY University Professor Emeritus CEU Department of Legal Studies CEU RENEWS We have a community which shares a spirit of openness. This spirit has sometimes been shaped alongside history, sometimes in spite of history. This spirit needed and needs a home. TIBOR VARADY