Tsinghua University School of Economics and Managementtoday announced its partnership with the Goldman Sachs10,000 Womeninitiative.The10,000 Womenprogram supports partnerships with universities and development organizations to provide a generation of women in under-served areas around the world with a business and management education.This initiative is grounded in the belief that expanding the entrepreneurial talent and managerial pool in these economies – especially among women – is one of the most important, yet too often neglected, means of increasing economic opportunity.

“Tsinghua SEM is committed to contributing academic knowledge that fuels the revival of the Chinese economy. Tsinghua SEM plays a leading role in entrepreneurship education and research in China. In 2000, we established the National Entrepreneurship Research Center of Tsinghua University. We are honored to be a part of Goldman Sachs 10000 Women Initiative. In partnership with HEC Paris, we will create an Entrepreneurship Track Program to help underserved Chinese women entrepreneurs develop knowledge, skills and networks necessary to create innovative and sustainable business in China.” Said Professor Xue Lei, Director of Executive Development Programs in Tsinghua SEM.

This certificate program will train underserved Chinese women who aspire to or currently operate their own business, aiming to provide them with the integrated entrepreneurial and managerial education with a global perspective. The program will include workshops, seminars, classroom teaching, mentoring and guidance in the producing business plans. Curriculum will focus on business practices inentrepreneurship, marketing, management, and finance. The first program is scheduled to run in Tsinghua campus in 2009．The program will run for five years.

Through10,000 Women, Goldman Sachs is committing $100 million to support partnerships with universities and development organizations to provide a generation of women in under-served areas around the world with a business and management education.In the process, these partnerships will help future generations of entrepreneurs and managers by strengthening the underlying quality and capacity of business education through professor training and the development of innovative curricula and locally relevant case studies.

“One of the powerful ideas behind10,000 Womenis educational institutions, development organizations and the private sector coming together to help address a profound challenge – driving and sharing economic growth,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc.“I’m proud that these new partners, along with the people of Goldman Sachs, are committing their expertise and dedication to help 10,000 women achieve their dreams and, in the process, improve the quality and accessibility of business education for future generations of managers and entrepreneurs.”

Additional10,000 Womenpartnerships were announced today at an event held in Goldman Sachs’ offices in London. These new academic partnerships include:

·Sa?d Business School, University of Oxford in the UK andZhejiang University in China

·HEC Paris in France and Tsinghua SEM in China

·INSEAD in France and Singapore andFunda??o Dom Cabral(FDC) in Brazil

·IE Business School in Spain and FGV-EAESP (Funda??o Getulio Vargas Escola de Administra??o de Empresas de Sao Paulo)in Brazil

·IESE Business School in Spain and University of Asia and the Pacific in the Philippines

·London Business School in the UK and the National Entrepreneurship Network a Wadhwani Foundation Initiative in India

·University of Cambridge represented by Judge Business School and the Cambridge Assessment Group in the UK and Camfed International in Zambia (previously announced)

Delivering Business and Management Education to 10,000 Women

10,000 Womenis pursuing a variety of ways to provide a business and management education to under-served women.For instance, partnering schools are collaborating to establish or expand certificate programs ranging from five weeks to six months that will include courses in marketing, accounting, market research, writing a business plan, strategic planning, accessing capital and e-commerce. These innovative certificate programs are pragmatic, flexible, and shorter-term and will help open doors for thousands of women whose financial and practical circumstances would prevent them from receiving a traditional business education.

There is also a strong focus on capacity building: developing curricula, creating local case study models and “Training the Trainers” to improve the level of faculty training and expertise as well as increasing the overall quality of business education.

Previously established partnerships include:

§American University of Afghanistan

§American University of Beirut, Lebanon

§American University in Cairo, Egypt

§Brown University

§Columbia Business School

§Harvard Business School

§Mills College

§Indian School of Business

§Pan-African University, Nigeria

§School of Finance and Banking, Rwanda

§Stanford Graduate School of Business

§Thunderbird School of Global Management

§United States International University, Kenya

§University of Cape Town Graduate School of Business, South Africa

§University of Dar es Salaam, Tanzania

§William Davidson Institute at the University of Michigan

§The Wharton School of the University of Pennsylvania

More detailed information about10,000 Womenand its partnerships can be found atwww.10000women.org

[About the Partner University]

HEC Paris was founded in 1881. With 126 years of excellence in business education, HEC Paris is recognized as the leading business school in Europe. It is Ranked #1 Business School in Europe by the Financial Times in 2006 and 2007. Its credo, “The more you know, the more you dare” emphasizes the entrepreneurship spirit instilled by its programs.

[Goldman Sachs Corporate Engagement]

10,000 Womenis one of Goldman Sachs’ largest corporate engagement programs and is a reflection of the firm’s commitment to service as well as to advance the continued development of markets and economies. Other philanthropic initiatives includeGoldman Sachs Gives, a donor-advised fund; The Goldman Sachs Foundation, an education foundation that has made over $100 million in grants since 2000; the Goldman Sachs Center for Environmental Markets, which works with independent partners in the academic and non-governmental organization community to examine market-based solutions to environmental challenges; and The Public Service Program, a competitive global initiative that gives top employees the opportunity to work for a nonprofit organization for up to one year. In addition, more than 25,000 employees participated in the firm’s 2008 Community TeamWorks program, which provides employees a day to volunteer in team-based projects coordinated with local non-profit organizations around the world.