Annual Report 2009

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Title: Annual Report 2009
Abstract: In many respects, 2009 was an exceptional year for Hanken School of Economics. One hundred years had passed since Högre Svenska Handelsläroverket, the forerunner of the current School, started its activities. In addition to this important anniversary, the year was also characterised by the historic reform of the Universities Act and by the global economic crisis. In June the Parliament of Finland approved the new Universities Act after several years of intensive preparation. This allowed the School to establish a new framework for its organisational structure and decision-making during the autumn. A university council consisting of faculty, staff and students elected a new board. Although at that stage the School was not yet ready to elect a board with an external majority, as allowed by the new Universities Act, it is already clear that the role of the board will change and develop to the benefit of the School. During the year a new overall strategy for the School was prepared, which was characterised both by increased international ambitions in terms of research and teaching and by greater interaction with the surrounding world in which Hanken operates. Efforts to strengthen the School’s international competitiveness continued throughout the year. Those Hanken students who began their studies in 2009 are the first to study according to degree regulations that include a period of study abroad as a course requirement. This initiative, which can now be realised after several years’ preparation, was well received by the students. In order to develop Hanken School of Economics and strengthen the conditions for recruiting researchers, teachers and students, the School initiated the process for obtaining the international AACSB accreditation. The new Universities Act creates better conditions for the School’s interaction with the business community. During the year, preparations were made for an incorporation of the successful co-operation in executive education developed by Hanken over the last few years with the Stockholm School of Economics. The new company, Hanken & SSE Executive Education, was able to begin operations at the start of 2010. In order to strengthen the universities’ financial structure, the Finnish government decided to support fundraising by universities. The School began fundraising during the year. Although the economic crisis was expected to make fundraising more difficult, the campaign rapidly gained momentum. Despite the fact that the campaign is not yet finished, it is perfectly clear that the fundraising targets set by the School will be met and indeed exceeded. This should be regarded as a sign of strong confidence in the School, while at the same time it creates some financial leeway for new initiatives. Under the motto “100 years of future”, the School celebrated its centenary with a large number of activities. The year brought with it greater visibility for the School, and at the same time it became a meeting point for Hanken alumni and target groups that had not previously been linked to Hanken. The centenary year concluded with a ceremonial conferment of doctoral degrees, the largest ever in the history of the School. The year, unforgettable in so many respects, revealed the depth and breadth of the School’s activities and of its relations with the surrounding world. The activities during the year also demonstrated that there is a readiness within the School for innovation and change. The School would like to express its heartfelt thanks for the commitment and interest shown during this centenary year.
Date: 2016-08-10

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