unions in the construction, chemistry and metalworking industries. Today, the award continues to honor internationally renowned figures who have developed pioneering solutions to social and political challenges. In addition to working in Germany, the Bertelsmann Stiftung initiated several international projects in the 1980s, such as the "Kulturraum Europa" (European Culture Space). Further examples include a program at the Hebrew University of Jerusalem and the construction of the Biblioteca Can Torró in Alcúdia on the island of Majorca. Kurt Biedenkopf was elected as the first chairman of the advisory board in 1987, and Reinhard Mohn himself took over this position in 1990. Horst Teltschik then joined the foundation, a development that received a great deal of media attention. The former foreign policy adviser to Helmut Kohl became managing director of the Bertelsmann Stiftung in early 1991 and began focusing on the foundation's internationalization. At the end of the 1980s, the Bertelsmann Stiftung offices were built opposite the Bertelsmann corporate headquarters. Mikhail Gorbachev was a guest during his first trip to Germany after the demise of the Soviet Union. Transferring the majority interest In addition to Reinhard Mohn, Ulrich Saxer and Werner Weidenfeld were appointed to the Bertelsmann Stiftung executive board in 1993. New management was also hired. In the same year, Reinhard Mohn transferred the majority of the capital shares in the Bertelsmann Group to the foundation, a move intended to ensure continuity at the company. The transaction increased the foundation's stake in the company from 21.3% to 68.8%, being the largest shareholder. In the 1993 transfer agreement, however, shareholdings and voting rights were strictly separated, so that the foundation cannot exercise any significant influence on the Bertelsmann Group, which is still largely controlled by the Mohn family. As the foundation receives dividends for its holdings in the company, the transfer of shares resulted in a significant increase in the organization's budget. Restructuring of governance boards In 1998, Reinhard Mohn stepped down from his leading role at the Bertelsmann Stiftung. Mark Wössner was first elected chairman of the executive board, and, a year later, chairman of the advisory board. After Wössner's departure in 2000, the foundation's governance structure changed again: the executive board was replaced by an executive committee and the advisory board was replaced by a board of trustees. As an interim step, at the end of 2000 Reinhard Mohn became chairman of both the executive committee and the board