1. New Global Financial Model 1 st Semester, Term 2013-2014

2. Develop and implement a financial model that allows more flexible financing of the global office and more HR on global and regional level. SPECIFIC OBJECTIVES Have new financial model that reflects plenaries ability to pay Have defined the market value of MNCs Have defined the natural growth rate of expenses of global office PURPOSE Enable AI and the network to achieve 2015 by releasing the financial ressources for the needed HR on global and regional level as well as global investments. Enable the BD team to support the network more in GIP sales, delivery and education. CONTRIBUTION TO 2015 MoS THE CONTEXT

3. Quarter 3 Q3 PROGRESS Input collection and preparation: Description: Awareness building in the MCP network during IC with Finance SC and FLB Specific KPIs: Done Description: Research about past of AIESECs financial models and financial models of other comparable organizations in progress (together with FLB) Specific KPIs: Done Description: Preparation for Strategic Meeting, objectives and flow of meeting defined, participants selected and invited Specific KPIs: Done Description: Meeting with externals and SG arranged to gather relevant input for the meeting and long term evolution Specific KPIs: Done Description: Selection and invitation of participants for Strategic Meeting Specific KPI: Done

4. Quarter 4 Q4 PROGRESS Strategic Meeting Description: Data and input preparation with FLB and meeting participants Specific KPI: Done External validation Description: Meeting with SG and Finance experts outside of AIESEC Specific KPI: Done Presentation to Network Description: Presentation of the meeting output at VLM Specific KPI: Done Strategic meeting Description: Conduct the strategic meeting form 9th till 14th of November to develop a model proposal and define ist purpose and technicalities Specific KPI: Done Q3 Challenges: What was challenging, or unfinished? Coordination of virtual work Virtual acitvities to continue model development after the meeting tool place. Physical meetings are the most efficient and best suited spaces to work on these matters

5. INTENDED NEXT STEPS for 2 nd Semester (if any) Finalization of proposal Description: Finalize the proposal with the FSC for legislation at IPM Budget proposal based on new model Description: Prepare a budget proposal for 1415 based on the new financial model, which cna take place in case the model is legislated External valditation Description: Follow up conversations with SG and external experts to optimize the model