SOLVAY SCHOOLS ALUMNI ASBL

ORDINARY GENERAL MEETING

APRIL 27, 2017 – FLAGEY

AGENDA

▪ Welcome

▪ Those who passed away

▪ Approval of the minutes of the Ordinary General Assembly of 19 May 2016

▪ 2016 Annual Report

▪ 2016 Annual Financial Report

▪ 2017 Budget

▪ Discharge of the Board Members

▪ Election of new Board Members

▪ Honorary members

▪ Thank you to the colleagues leaving the Board this year!

▪ Jean-Paul PHILIPPOT: “The Vision of a Public Service Organization in the Context of Digital Evolution”

▪ Drink

2

THOSE WHO PASSED AWAY

THOSE WHO PASSED AWAY

André FARBER Ingénieur Commercial 1966

Christian OST-DUCHATEAU Ingénieur Commercial 1971

Dominique PIETTE Ingénieur Commercial 1979

Eric MOULINASSE CEPAC/EMM 2004

Gino DESPEGHEL Ingénieur Commercial 1966

Jacques VOISIN Ingénieur Commercial 1968

Jean-Pierre STROUVENS CEPAC/EMM 2008

Michèle JOURNE Ingénieur Commercial 1953

Olivier DASSARGUES Ingénieur Commercial 1976

Pascal DE CLOEDT Handelsingenieur 1988

Philippe SCHALLIER Ingénieur Commercial 1991

Pierre-Claude CHARLIER Ingénieur Commercial 1982

Raymond GROLLET Ingénieur Commercial 1957

Réginald VAN LEER Ingénieur Commercial 1968

Robert PECHON Ingénieur Commercial 1965

Vivian CAPART Ingénieur Commercial 1991

APPROVAL OF THE

MINUTES OF THE

ORDINARY GENERAL

ASSEMBLY OF

19 MAY 2016

ANNUAL REPORT

2016

ANNUAL REPORT

ACTIVITIES

32 Events organized in 2016

Annually: >1000 alumni present at our events

▪ January: Club Governance “Relever les défis de l’emploi à Bruxelles”.

▪ February: New Year Reception at Cercle de Lorraine/Club van Lotharingen; Causerie au coin dufeu avec B. van Pottelsberghe; Career Services “Interim Management”.

▪ March: Jaarlijkse Congress van Economie (Vereniging voor Economie (VUB); SSA WomenNetwork “How to get the best out of a mentoring relationship”; SSA Switzerland: Exclusive ETHZürich visit; Club VUB “Friendworking Event”.

▪ April: PPD short event: “Centered Leadership: And if You Were Taking Some Time to DevelopYourself?”; Solvay VUB Galabal; Club VUB “Networking Event - D'Ieteren Gallery”; Marketing &Sales Club “When Art and Science meet - Building Candy Crush, the biggest video game ever”.

▪ May: Career Services; General Assembly; Business School Alumni Golf Cup; 20km of Brussels.

▪ June: MBA Gala; Africa Business Club “Retail Market: The African Middle Class as an Opportunity”;Club VUB “Jaarlijkse ES-Voetbal & BBQ”; Club Governance “Pour une gouvernance améliorée desorganismes publics”.

▪ July / August

▪ September: SSA Women Network: “More clarity: Your communication out of the flow”; PPD LongEvent: “Centered Leadership: And if you were investing in yourself?”; Sailing Cup; GraduationCeremony ULB.

▪ October: 4th Congress: “Business and Society in the Digital Age”; SSA Women Network event:“How to Bake Your Pie”; SSA Luxembourg “Luxembourg 2050: There is no limit to what we canexplore”.

▪ November: Career Services; Club VUB “Solvay Alumni 'Ouwezakkenavond‘”; Mentorship Forum“SSA meet MA & AM students”.

▪ December: Africa Business Club “The Rush on the Energy Market: New Scramble in Africa?”;Coaching Session: Interim Management; Solvay Young Alumni Event @ Google; GraduationCeremony VUB.

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ANNUAL REPORT

CONGRESS

▪ Successful Congress

▪ 74 tables (Platinium & Gold)

▪ Important profit

50% of which will be added to the Endowment of the Schools

▪ Next edition: October 2018

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• We will give our alumni opportunities to grow1

• We will grow our membership2

• We will help our schools grow3

ANNUAL REPORT

OUR 3 STRATEGIC AXES OF GROWTH

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ANNUAL REPORT

PERSONAL & PROFESSIONAL DEVELOPMENT

First Axis: Give our alumni opportunities to grow

In an environment in constant evolution, today’s management tools will

not necessarily work tomorrow. We are also more challenged than

ever.

We want to create a unique programme, relevant to all our alumni, and

strictly reserved for our members.

Each topic is treated with the same approach:

1 short event (« appetizer »), during an evening

1 long event (« workshop »), during a residential seminar 10

ANNUAL REPORT

PERSONAL & PROFESSIONAL DEVELOPMENT

First Axis: Give our alumni opportunities to grow

First session was on Centered Leadership – April and September 2016

Second session on Inspirational Leadership – February & March 2017

Next Session: Organizational Leadership – May 2017

This programme was created by Isabelle LORIS

It is managed by Deborah LACHER

With the coordination of Fabienne BECKER

11

ANNUAL REPORT

PERSONAL & PROFESSIONAL DEVELOPMENT

“Inspiring and powerfulseminar! I took a major stepin changing my professionallife the very day after thetraining...”Marianne, ICS ‘81

“I liked the practical side alot: sharing ideas withpartners / teammates was arich and enjoyableexperience. I met greatpeople!” Luc, ICS ‘90

“I would like to thank, notonly Gauthier and the SSAassociation for theorganization of thisworkshop, but also thegroup for the exchange ofexperiences and the positiveenergy among us.”Freddy, HIS ‘94

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ANNUAL REPORT

MEMBERSHIP GROWTH AXIS

❖ We want our association to be more representative of our alumni and grow our membership (1762 members in 2016, or 7,5% of the alumni)

❖ We have taken actions in that direction

❖ A team of students from the school has been hired in February-March 2016 to systematically call alumni and convince them to become members

❖ Approximately 120 alumni paid/renewed their membership thanks to our phone calls

❖ Financially, the operation offered a small financial profit

❖ We have drawn lessons from this exercise and adapted it in 2017

❖ Focus call center on specific target-groups (by cohort)

❖ NEW: A direct-debit option is now offered. 20 subscriptions so far…

❖ Creation of Ernest AfterWork, a fun, recurring event with positive impact on membership

❖ Your ideas are always welcome!13

ANNUAL REPORT

MEMBERSHIP BY CONSTITUENCIES

Constituencies Alumni 2013 2014 2015 20162017

YTD

Ingénieur de gestion 5.571 672 701 798 831 750

Sciences économiques 3.820 93 108 132 133 123

Handelsingenieur 1.927 85 107 111 116 98

Toegep. Eco. Wetens. 196 - 1 - - -

Master Manag. & Bedrijfs. VUB 534 - 10 16 14 20

CEPAC/EMM 2.157 230 236 232 231 201

MCC en gestion 1.665 103 113 112 99 85

MBA 1.798 57 67 69 102 53

Others (ExEd & Adv. Masters) 5.906 175 221 224 236 204

Total 23.574 1.415 1.564 1.694 1.762 1.534

14Average Annual Growth > 6% 1.830

ANNUAL REPORT

SCHOOLS DEVELOPMENT AXIS

Third Axis: We will help our Schools grow

❖ We supported our schools in various ways in 2016 (129k EUR):

❖ Solvay VUB Fellowship programme

❖ Joint schools’ ABIS membership

❖ From Solvay (printed magazine)

❖ SBS-EM Equis accreditation process

❖ Chairs at SBS-EM and at SBS-ES

❖ SBS-EM Strategic Workgroup

❖ Some projects won’t be renewed in 2017, some will be. We are in active conversations with the Schools to jointly identify where and how we can have the greatest impact.

❖ Reminder: 50% of our Congresses’ profits are dedicated to the Endowment, financing these projects, and other initiatives.

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ANNUAL REPORT

SCHOOLS DEVELOPMENT AXIS

Third Axis: We will help our Schools grow

❖ In 2016-2017: creation of a digital platform for From Solvay

❖ Survey sent to the alumni to assess their expectations and their interest in a digital version

❖ Positive responses led us to start the implementation

❖ First (Beta) version already available at http://from.solvay.edu/

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OFFICE TEAM

SUPPORT TO ALL OUR PROJECTS

Office Coordinator – Michaël van Zeebroeck

+32.(0)2/650.67.12

michael@solvayschoolsalumni.net

Event & Admin Coordinator – Sophie Paquet

+32.(0)2/650.30.59

sophie@solvayschoolsalumni.net

Career Services Coordinator – Fabienne Becker

+32.(0)2/650.35.51

fabienne@solvayschoolsalumni.net

“To support alumni initiatives, answerrequests, organize events,…”

Where?

1 Avenue Antoine Depage – Ground Floor

B – 1000 Brussels

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FINANCIAL REPORT

2016

FINANCIAL REPORT 2016

IN A NUTSHELL

What’s important?

In the last two years:

Progression on our 3 axes of development

Constant growth of our membership (6%/year since 2013)

Reinforcement of our office team & our processes

Investing in PPD programme

Organization of a successful Congress Endowment

Financing a video for SBS-EM Equis accreditation (15k)

Financing a new From Solvay digital website

At the same time, we lowered non-essential expenses

Our financial situation is healthy and strong:

Possibility to invest in our projects and initiatives

Possibility to help our Schools whenever needed 19

FINANCIAL REPORT 2016

RESULTS

20

2016 2016 Budget 2015 2014

OPERATING INCOME 932.143 842.450 338.256 923.305

REVENUES 931.327 841.450 337.194 922.610

OTHER INCOME 816 1.000 1.062 695

OPERATING COSTS 700.714 749.608 451.883 731.577

SERVICES & OTHER GOODS 473.591 573.800 199.641 497.292

PAYROLL COSTS 159.073 170.308 150.509 166.727

DEPR. & AMORT. 1.785 5.000 7.323 11.159

OTHER OPERATING COSTS 66.265 500 94.410 56.400

OPERATING RESULT 231.428 92.842 -113.628 191.727

FINANCIAL RESULT -995 -1.000 -536 858

EXCEPTIONAL RESULT 0 0 0 0

RESULT OF THE YEAR 230.433 91.842 -114.163 192.585

ADDITION TO THE ENDOWMENT -188.578 -125.000 0 -125.000

USE OF THE ENDOWMENT 129.200 140.000 92.000 55.000

RETAINED EARNINGS 171.056 106.842 -22.163 122.585

FINANCIAL REPORT 2016

BALANCE SHEET

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2016 2015

ASSETS 1.168.561 905.313

FIXED ASSETS 0 0

Tangible Fixed Assets 0 0

CURRENT ASSETS 1.168.561 905.313

Trade Receivables 45.100 157.058

Other Receivables 0 0

Cash & Equivalents 1.123.460 747.355

Deferred Costs 0 900

LIABILITIES 1.168.561 905.313

EQUITY 1.008.322 777.889

Capital 100.000 100.000

Endowment for Schools 178.211 118.833

Other Reserves & Acc Profit 730.111 559.055

DEBT 160.239 127.424

Trade Payables 77.548 47.069

Taxes Payables 17.058 17.433

Payroll Related Debts 32.485 23.496

Deferred Income 33.147 39.426

Other Debts 0 0

BUDGET

2017-2018

BUDGET 2017-2018

IN A NUTSHELL

In 2017:

Pursue further our strategy

Keep a constant membership growth and find a new sponsor

Develop PPD program (prospection for a partner)

Pursue our support to the Schools’ projects:

SBS-ES (VUB) “Academia meets Society”

SBS-ES Fellowship

SBS-ES & SBS-EM (ULB) Research seminars and ABIS

SBS-EM From Solvay – Roll out From Solvay digital

In 2018:

A new Congress

Stabilization of our recurring Endowment expenses

Keep investing in our 3 axes of development23

BU

DG

ET

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2018 2017 2016 2015

budget Budget Budget Actuals Actuals

837.250 366.425 932.143 338.256

Revenues 836.250 365.425 931.327 337.194General sponsoring 107.500 95.000 91.300 75.000

Membership fees 161.500 155.550 139.760 143.286

Activities 567.250 114.875 700.267 118.908

Other Income 1.000 1.000 816 1.062

681.167 460.822 700.714 451.883

Services & other goods 522.700 295.664 473.591 213.641

Payroll related costs 150.467 159.158 159.073 150.509

Depreciations & Amortizations 5.000 3.000 1.785 7.323

Other Operating Costs 3.000 3.000 66.265 80.410

156.083 -94.397 231.428 -113.627

-1.000 -1.000 -995 -536

0 0 0 0

155.083 -95.397 230.433 -114.163

Addition to the Endowment -125.000 0 -188.578 0

Use of the Endowment 87.500 82.000 129.200 92.000

117.583 -13.397 171.056 -22.163

96.211 178.211 118.833 210.833

87.500 82.000 129.200 92.000

30.000 30.000 20.000 30.000

22.500 0 58.000 43.000

5.000 5.000 0 5.000

From Solvay 30.000 40.000 44.200 0

0 7.000 7.000 14.000

125.000 0 188.578 0

133.711 96.211 178.211 118.833Total Endowment

Endowment Reserves

VUB+ULB

Operational Costs

Endowment Income

ABIS

VUB

ULB

Proposal for endowment allocation

RETAINED EARNINGS

Operational Income

Profit & Loss Accounts

Endowment Expenses

RESULT OF THE YEAR

Financial Result

OPERATING RESULT

Exceptional Result

ANNUAL FINANCIAL REPORT

2016-2017

▪ 2016 Annual Financial Report

Validation & Acceptation

▪ Budget approval

▪ Unchanged Membership fee for 2018

*For countries where a chapter is in place

≤ 26 year 27 & 28 year 29 to 64 year household ≥ 65 year or

abroad

Company

EUR 25 EUR 50 EUR 100 100% of 1st fee

and - 50% for 2nd

EUR 50 or EUR

100*

EUR 150

25

DISCHARGE OF THE

BOARD MEMBERS

DISCHARGE OF THE BOARD

MEMBERS

FOR THEIR MANDATE UNTIL APRIL 27, 2017

▪ Pierre Gurdjian

▪ Olivier Hamoir

▪ Jean-Albert Nyssens

▪ Hugues Dethienne

▪ Jean-Paul Bissen

▪ Michael Bertrand

▪ Isabelle Loris

▪ Michel Van den Broeck

▪ Abdelkrim Boujraf

▪ Sébastien Erkens

▪ Marc Chamut

▪ Dimitri Creus

▪ Lennert Vierendeels

▪ François Lebrun

▪ Walter Gelens

▪ Nicolas Gothelf

▪ Valérie Mpasinas

▪ Marianne Fraeys

▪ Paul Hermant

▪ Gregorio Matias

▪ Christophe Segaert

▪ Pierre Dupont

▪ Chris Kodeck

▪ Brice Libert

▪ Vincent Grimaldi de Puget

▪ Alexandre Thys

▪ Pierre Cormier

▪ Alexis Nsamzinshuti

▪ Alexandre Gueulette

▪ Gauthier Roelants 27

ELECTION OF NEW

BOARD MEMBERS

CURRENT MANDATES

ARTICLE 13.2.2 OF THE BY-LAWS

Current board members

▪ Running Mandates:

• Pierre Gurdjian (HIS) – President (until 2018)

• Isabelle Langlois-Loris (IGS) – Vice President (until 2019)

• Olivier Hamoir (ICS) – Managing Director

• Jean-Albert Nyssens (ICS)

• Hugues Dethienne (MCC)

• Jean-Paul Bissen (EMM)

• Marc Chamut (IGS)

• Paul Hermant (MCC)

• Christophe Segaert (IGS)

• Valérie Mpasinas (IGS)

• Abdelkrim Boujraf (MBA)

• Michael Bertrand (IGS)

• Alexandre Thys (HIS)

• Walter Gelens (HIS)

29

APPOINTMENT OF BOARD MEMBERS

ARTICLE 13.2.2 OF THE BY-LAWS

Appointment of the candidates as board members

▪ Renewals of Mandates:

• Sébastien Erkens (ECO) – Secretary-General

• Lennert Vierendeels (HIS) – Treasurer

• Marianne Fraeys (ECO)

• Pierre Dupont (EMM)

• Chris Kodeck (MCC)

• Brice Libert (IGS)

• Gregorio Matias (ECO)

• Vincent Grimaldi de Puget (PMA)

• Gauthier Roelants de Stappers (IGS)

• Nicolas Gothelf (ECO)

• François Lebrun (EMMA)

• Alexis Nsamzinshuti (MCC)

• Alexandre Gueulette (IGS)

▪ New Candidates:

• Sven Bonne (MCC)

• Gill Balcaen (IGS)

30

WE SAY THANK YOU

TO THE COLLEAGUES WHO ARE LEAVING THE BOARD

Mandates not renewed

• Dimitri Creus (HIS)

• Michel Van den Broeck (HIS)

• Pierre Cormier (ECO)

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HONORARY

MEMBERS

HONORARY MEMBERS

CURRENT

ALLE Michel

BECKER Fabienne

BERNHEIM Emile

BILTIAU Philippe

de BARSY (Baron) Eugène

DE MAESENEIRE Patrick

DE SMEDT Pierre-Alain

DOPCHIE Jacques

FARBER André

GARDEDIEU Alexandre

GILLET Jean-Pierre

Art. 3 : « …La qualité de membre d’honneur peut être conférée, par décision du conseil

d’administration, à des personnalités belges ou étrangères, qu’elle jugera dignes de cette

distinction par leur situation dans le monde ou par suite de services rendus à l’association

ou à une des institutions visées à l’article 1 des statuts. Sauf accord de l’assemblée

générale, un membre d’honneur ne peut être un Alumnus. »

GOLDSCHMIDT Léo

HATRY Paul

HENRION Robert

JANSSEN (Baron) Daniel

JOURQUIN Christian

KIRSCHEN E-Sadi

LEMAITRE Nadine

LEVY MORELLE Henri

LOB Gérard

NARMON François

PEEREBOOM Oger

PRAET Peter

SAMYN Gilles

SCOHIER Pierre-J

SIMONART Jeanne

SOLVAY Jacques

VAN DAELE Auguste

VANDER EYCKEN Henri

VAN OMMESLAGHE Bernard

WEEKERS Daniel

33

THANK YOU ALL!

We are happy to leave the floor to

Jean-Paul PHILIPPOT

ICS 1984

General Administrator at RTBF

“The Vision of a Public Service Organization

in the Context of Digital Evolution”