Professor of Economics
The Rausing Chaired Professor of Economic and Business Transformation
Professor Ilian Mihov was appointed Dean of INSEAD on October 1, 2013. Prior to his appointment as Dean, Professor Mihov served as Interim Dean and as Deputy Dean for Faculty and Research.
Professor Mihov joined the INSEAD economics area in 1996. He has taught macroeconomics and econometrics in the MBA, EMBA, PhD and many executive education programmes as well as in the Global Leadership Fellows Programme of the World Economic Forum. He has been nominated several times as one of the best teachers in the MBA and EMBA programmes and has won the Outstanding Teacher Award multiple times.
His research is on topics related to monetary policy, fiscal policy and economic growth. He is also a research fellow at the Center for Economic Policy Research (London, UK) and a vice president of the Asian Bureau for Finance and Economics Research (ABFER). Ilian is currently a Board Member of the Singapore Economic Development Board (EDB). He was a member of the Scientific Committee of the Banque de France's Research Foundation (2002-2010) and of the Advisory Board of the Bulgarian National Bank. In 2010/11 and 2011/12 he served as a member of the World Economic Forum’s Global Agenda Council on Fiscal Crises.
Professor Mihov’s papers have appeared in many academic journals including the American Economic Review and the Quarterly Journal of Economics. He has given interviews for BBC, CNBC Asia, Agence France Presse, Dow Jones Newswire and many other newspapers and magazines. Professor Mihov is a regular keynote speaker, lecturer and panellist at events organised by the PwC, WEF, KPMG, Hewlett-Packard, Bloomberg, Swiss Re, Alstom, Deutsche Bank, BNP Paribas and other companies.
He holds a PhD degree from Princeton University and a B.S. in business administration from the Moore School of Business at the University of South Carolina where, in 2006, he was recognised as a Distinguished Young Alumnus.
Dr. Andreas Jacobs, MBA'90D
Chairman of the INSEAD Board
Member of the Board of Jacobs Holding AG
Andreas Jacobs (1963) studied law at the Universities of Freiburg im Breisgau, Munich and Montpellier and subsequently obtained a postgraduate degree in European competition law (Dr. iur.) from the University of Freiburg im Breisgau. Afterwards he obtained a MBA from INSEAD in Fontainebleau.
From 1991 to 1993, Andreas Jacobs worked as a consultant and project manager at The Boston Consulting Group in Munich. Since 1992, Andreas Jacobs has been an independent entrepreneur with a stake in several companies plus minority interests in several other companies.
From 2000 to 2019, Andreas Jacobs managed various investments of the Jacobs family in Switzerland, inter alia as Chairman of the Board of Directors of Barry Callebaut AG, Chairman of Jacobs Holding AG, Vice-Chairman of Adecco SA, Chairman of Infront Sports & Media AG and Chairman of Brach's Inc. in Chicago.
Furthermore, he is Chairman of Minibar AG, Switzerland, President of Niantic Holding GmbH, Germany, and a Member of the Advisory Board of Dr. August Oetker KG, Germany, Member of the Board of Louis Dreyfus Company Holdings, Member of the Trusteeship of the “Hilti Family Trust” in Liechtenstein and Chairman of the Advisory Board of the Albert und Edda Darboven Stiftung, Germany.
In 2014, he was co-founder and investor of GENUI Partner, a private equity fund based in Germany, where he also chairs several portfolio companies.
At INSEAD, Dr. Jacobs was appointed Chairman of the Board as per January 1st, 2015.
Members of the Board
The INSEAD Board of Directors, chaired by Dr Andreas Jacobs, is responsible for overseeing strategic moves, financial decisions, budgets and end-of-year accounts and for appointing the Dean.
Today, the INSEAD Board is composed of 20 internationally recognised business leaders from a wide range of industry sectors. Most are INSEAD alumni and together they represent ten nationalities.
Several Board Committees, appointed by and reporting to the Board, also involving representatives of the school's management and external experts, deal with more specific issues: the Audit, Finance and Risk Committee; the Endowment Management Committee; the Nominations Committee and the Remuneration Committee and, when appropriate, the Campaign Board, the Dean Search Committee and the Chairman Search Committee.
Clients & Industries
Fondation Mondiale Chairman
Managing Partner, Pictet Group
Executive Chairman, Hikma Pharmaceuticals PLC
Chairman of the Board, Firmenich SA
CEO ING in France
Vice Chairman, Royal Caribbean Cruises Ltd.
Founder and Chairman, Denita Group of Companies
CEO of Spinnaker Capital
Chairman of the Executive Board, Galeries Lafayette Group
President, INSEAD Alumni Association
CEO, Pakistan Institute of Corporate Governance
CEO & Director
SMCP (Sandro, Maje, Claudie Pierlot)
Former Group President, Asia & Latin America, General Mills
CEO Allegro Cantabile
Chief Executive Officer and Managing Director, Mirvac Group Ltd
Shipbroker, Trimarine Shipping Company
Executive Director and Group Strategic Planning Director, Titan Cement Company SA
Managing Director and Head of Change Leadership, Morgan Stanley
Founder and Chief Executive Officer
Ruppert International Inc.
Managing Director, BlackRock Switzerland
President and Chief Operating Officer, Ayala Corporation
Professor of Economics
The Rausing Chair in Economic and Business Transformation
Professor of Strategic Management
The BP Chaired Professor of European Competitiveness
Chairman, Fondation INSEAD
Chairman, Rémy Cointreau
Professor of Decision Sciences
The Orpar Chaired Professor of Risk Management
Executive Assistant to the Chief Communications Officer
Staff Representative to the Board
Dean of Faculty
Dean of Research
Dean of Degree Programmes
Ben M. Bensaou
Dean of Executive Education
Associate Dean for Advancement
Associate Dean for Degree Programmes
Associate Dean for Executive Education
Chief Operating Officer
Guy De Herde
Chief People Officer
Chief of Staff
|Sir Andrew Large |
Former Deputy Governor, Bank of England
Baron Jean-Pierre Berghmans
Michael A. Butt
Paul Desmarais Jr
Key Communication Channel
The National Council acts as a channel of communication between top business executives from a particular geography and INSEAD. The Council members support INSEAD's ambition to stay close to the business community in that geography and its needs at the highest levels.
The Council is meant to be a top executive's opportunity for updates on INSEAD activities and thought provoking encounters with peers, Deans of INSEAD and INSEAD faculty. The Council is requested to advise on:
how INSEAD could contribute to and benefit from the business community in that geography through its vision as articulated by the Dean of INSEAD
whether/how that business community could support and enhance INSEAD's vision
how to anticipate and respond appropriately to business needs and developments in that geography in the planning of INSEAD's activities (MBA, EMBA, Executive Education, PhD and Research)
The Council members promote the recognition and support of INSEAD in the particular geography and specifically assist INSEAD in its objective to improve the quality of programme applicants and increase the career opportunities for graduates.
The Council members enhance, at their national levels, INSEAD's financial development through encouraging and inviting support from corporations, individuals and foundations.
The term of a membership is three years and is renewable by mutual consent. The President may ask members who miss 3 consecutive meetings or do not visit a campus during their term to relinquish their membership. Delegation to the National Council orInternational Council meetings is not possible in order to maintain the distinctive, high profile of the Council
Most National Councils typically meet at least once a year. Council members are encouraged to maintain regular close contact with the INSEAD Alumni Associations from the Council member countries. The President of the Council will set the exact place and time of meetings.
The President, in coordination with the Dean, may invite guests to attend a Council whether to present on a topic of particular interest or to meet the Council. The members are therefore encouraged to suggest guests to the President and help to attract them when invited. The guest should match the members' top-level business profile.
Should a member of the International Council be travelling or staying in a country at the time of the National Council meeting, they are cordially invited to make themselves known and to participate in the meeting.
Click here to view the list of National Council Presidents
The International Council has three principal goals:
- To offer counsel and advice to INSEAD on its strategic direction.
- To help INSEAD achieve its mission:
- to promote a non-dogmatic learning environment that brings together people, cultures and ideas from around the world, changing lives, and helping
- transform organisations through management education.
- to develop responsible, thoughtful leaders and entrepreneurs who create value for their organisation and their communities.
- to expand the frontiers of academic thought and influence business practice.
- To sustain relationships with individuals, institutions and corporations with whom INSEAD is in contact around the world.
INSEAD's first Advisory Boards were set up in 1974 to provide essential links between the Institute and the national business communities in key European countries. The International Council was created in 1983 to extend and reinforce these links worldwide.
In 1992, building on the synergy between the International Council and the National Advisory Boards, the Council and the Boards became a single entity. This format meets INSEAD's needs for a national presence in an increasing number of countries and for an international outlook, both of which are vital to INSEAD's advancement.
Today the International Council is composed of:
- All the members of National Councils in the following 25 geographies:
- Australasia (1998), Austria (1997), Belgium (1979), Brazil & Latin America (1998), Canada (1985), Denmark (1989), East Asia (2003), Finland (1983-2008, 2009), France (1975), Germany (1979), Greece (2006), India (2005), Israel (2006), Italy (1996), Japan (1986-2006, 2009), The Netherlands (1981), Norway (1985), Portugal (1998), Singapore (2000) Southern Africa (1998-2008), Spain (1981), Sweden (1983), Switzerland (1984), United Kingdom (1979), USA (1978), USA - West Coast (2002)
- All other members of the International Council
- All INSEAD Board members.
The annual meeting of the International Council takes place in Fontainebleau, France.
This offers an annual opportunity for the Dean to report on INSEAD's recent progress and plans for the future. All Council members are invited and encouraged to attend this meeting.
It is customary for members to be owners, chairpersons, chief executives and senior board members of major multinational and national corporations or prominent entrepreneurs. Members are known to be committed to management education and development. As members, they are asked to serve as INSEAD's ambassadors and are encouraged to promote INSEAD.
New members join the International Council as members of a National Council, by invitation of the President of the National Council of their country of domicile or residence (in consultation with the Dean, the Chairperson of INSEAD and of the International Council). The Presidents of the National Alumni Associations from Council member countries are ex officio members of the National Council in their country. The Chairperson of the International Council may invite new members to join.
The terms of membership are described under National Councils.
The Chairperson of the International Council is an ex-officio member of the INSEAD Board and is appointed by the INSEAD Board on proposition of its Chairperson and of the Dean. Jointly with the Dean, the International Council Chairperson appoints each President of a National Council on the recommendation of that National Council.
The term of the Chairperson of the International Council is three years and is renewable twice, apart from an exceptional decision of the Board of Directors, which could extend a mandate for an additional period of three years. He/she may nominate up to four Vice Chairpersons.
The Chairperson works in close collaboration with the Dean, the Secretary General, the External Relations Department of INSEAD and in particular the Executive Director of Communications, who is responsible for the organisation of the International Council meeting.
The 'Fondation INSEAD' was created in 1998 and since its inception pursues the aim of fostering in-depth business knowledge and ensuring its diffusion to the public on an international scale. The foundation contributes to the excellence and development of the school by acting in several areas such as funding research programmes, granting scholarships to INSEAD candidates, and disseminating research findings to an international audience.
|Olivier Giscard d'Estaing|
President, Rémy Cointreau
Professor Hubert Gatignon
Jean-Marc Le Roux
|French Home Office|
French Ministry of Finance and Industry
French Ministry of Foreign and European Affairs (Foreign Office)
Honorary Chairman, INSEAD
Several Board Committees, appointed by and reporting to the Board, make expert, in-depth recommendations on specific areas. Most Committee members belong to the full Board or are Permanent Invitees. This structure also allows for additional external experts to be brought in and for temporary committees to be formed – whenever beneficial.
Audit, Finance & Risk
This committee serves to strengthen INSEAD’s financial and risk management. Its duties include: reviewing budgets and annual accounts; talking to the external auditors; examining major capital expenditure proposals; assessing key philanthropic gifts; identifying sources of reputational and financial risk; and analysing risk-control processes.
Through oversight and coaching, the Campus Renewal Committee is to help assure the successful renewal of the Europe campus in line with the decisions of the INSEAD Board of Directors. The mandate is to accompany the renewal project on behalf of the Board and the Audit, Finance & Risk Committee.
Chief Executive Officer and Managing Director, Mirvac Group Ltd
François Hériard Dubreuil
Board Director, Technogym
Like many other successful educational institutions, INSEAD relies on returns from its invested endowment fund to finance scholarships, faculty Chairs, research and other activities. The Endowment Management Committee advises the Board on all questions of investment strategy. Its members include INSEAD finance professors, representatives of the INSEAD foundations and external experts.
R. Todd Ruppert
Nominations and Compensation
The Nominations and Compensation Committee advises the Dean on all remuneration matters, including salaries, bonuses and pension schemes for the senior leadership, faculty and staff. This Committee also advises the Board on all matters regarding Board succession, working to ensure that the composition reflects the expertise, characteristics and perspectives needed to achieve the mission and strategic objectives of the School.
Other Board Committees
Temporary committees have traditionally included: the Campaign Board (during fundraising campaigns); the Dean Search Committee; and the Chairman Search Committee.