IHES Annual Report 2021 | 5756 | IHES Annual Report 2021

Chairman of the Board Marwan Lahoud

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Vice-Chairman of the Board Éric Chaney

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Treassurer of the Board Isabelle Bouillot, President of China Equity Links

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Ex-Officio Members French Ministry of Higher Education, Research and

Innovation, Thierry Goudon

Centre National de la Recherche Scientifique, Antoine Petit, Christophe Besse and Philippe Lecheminant

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Honorary Chairman of the Board Philippe Lagayette

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Board of Directors

The IHES Board of Directors consists of ex-officio members, founding members and individual members.

The Board of Directors meets twice a year, in accordance with the IHES statutes.

Again this year, the meetings were held on May 21 via video conference and on November 29, both in person and via video conference, due to the Covid-19 pandemic.

Partners

IHES warmly thanks all the French and foreign institutions which continued their support in 2021. These contributions are crucial for the Institute as well as being a sign of recognition of its work. They enable IHES to pursue its mission of serving researchers for the development of science in France, Europe and further afield, year after year.

French Public Institutions Centre National de la Recherche Scientifique

Commissariat à l Énergie Atomique Fondation de l École normale supérieure

Fondation Mathématique Jacques Hadamard Ministère de l Enseignement supérieur, de la Recherche et

de l'Innovation Université Paris-Saclay

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Foreign Entities Conseil Européen de la Recherche

Académie Suisse des Sciences Naturelles (Switzerland) Max-Planck-Gesellschaft (Germany)

Service public fédéral de Programmation Politique Scientifique du Royaume de Belgique (Belgium)

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Founding Members Académie Suisse des Sciences Naturelles

Gian-Michele Graf, Emmanuel Kowalski and Alain Valette

AXA, Philippe Marie-Jeanne

Caisse des Dépôts, Isabelle Laudier

Commissariat à l Énergie Atomique et aux nergies Alternatives, François Jacq and Hervé Desvaux

Max-Planck-Gesellschaft (Germany) Berthold Neizert and Don Zagier

Service public fédéral de Programmation de la Politique Scientifique du Royaume de Belgique

Schlumberger, Laurent Butré

Université Paris-Saclay, Sylvie Retailleau and Thierry Doré ............................................................................................................

Individual Members Isabelle Bouillot, President of China Equity Links

Éric Chaney

Marwan Lahoud

Jacques Lamoure, Board Member of the Atlantic Group

André Lévy-Lang, Former President of Paribas, Associate Professor Emeritus at the Université Paris-Dauphine

James Simons, Former CEO of Renaissance Technologies, Chairman of the Board of Directors of the Simons

Foundation

Jacques Vigner, Chief Strategic Oversight Officer, BNP Paribas Global Markets

............................................................................................................ list of members of the Board of Directors as of December 31, 2021

To the IHES Board of Directors,

OPINION In compliance with the engagement entrusted to us by your Board of Directors, we have audited the accompanying financial statements of the Institut des Hautes Etudes Scientifiques Foundation for the year ended December 31, 2021. In our opinion, the financial statements give a true and fair view of the assets and liabilities and of the financial position of the Foundation, as at December 31, 2021 and of the results of its operations for the year then ended in accordance with French accounting principles.

BASIS FOR OPINION AUDIT FRAMEWORK We conducted our audit in accordance with professional standards applicable in France. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our responsibilities under those standards are further described in the Statutory Auditor's Responsibilities for the Audit of the Financial Statements section of our report. INDEPENDANCE We conducted our audit engagement in compliance with independence requirements of the French Commercial Code (code de commerce) and the French Code of Ethics (code de déontologie) for statutory auditors, for the period from January 1, 2021 to the date of our report.

EMPHASIS OF MATTER Without questioning the opinion formulated above, we draw attention to the change in accounting method resulting from the first application of the accounting regulation ANC No. 2018-06 of December 5, 2018 as described in the Accounting Rules and Methods paragraph of the financial statements.

JUSTIFICATION OF ASSESSMENTS Because of the global crisis related to the Covid-19 pandemic, the financial statements of this period have been prepared and audited under specific conditions. Indeed, this crisis and the exceptional measures taken in the context of the state of sanitary emergency have had a significant impact on companies, particularly on their operations and their financing, and have led to greater uncertainties on their future prospects. Some of these measures, such as travel restrictions and remote working, have also had an impact on the companies' internal organization and the performance of the audits. It is in this complex and evolving context that, in accordance with the requirements of Articles L. 823-9 and R. 823-7 of the French Commercial Code ( Code de commerce ) relating to the justification of our assessments, we inform you that our assessments made by us focused on the appropriateness of the accounting principles used and the overall presentation of the financial statements. These matters were addressed in the context of our audit of the financial statements as a whole, approved in the conditions mentioned above, and in forming our opinion thereon, and we do not provide a separate opinion on specific items of the financial statements.

SPECIFIC VERIFICATIONS We have also performed, in accordance with professional standards applicable in France, the specific verifications required by French law. We have no matters to report as to the fair presentation and the consistency with the financial statements of the information given in the management report and in the other documents provided to directors with respect to the financial position and the financial statements.

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FINANCIAL REPORT

Statutory Auditor's Report