Discov er. Challenge. TRANSFORM. Lead. Contribute. Repeat.

RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT Growing in emerging Discover the markets p.10 World Discovering new partnerships Workplace wellness p.8 Teaching that programs p.44 transforms the classroom p.16 Contribute to Challenge the Stepping up for Tomorrowthe next generation Status Quo Ivey’s Investors p.45 The business of p.46 health p.14 Program stats p.24 Leadership is Lead by Transform learning p.20 Example Thinking Extraordinary Executive MBA turns 20 people p.34 p.22

RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT What we do today will determine where we are t o m o r r o w.

Every day at Ivey, we challenge the status quo. Why? Because, by its very definition, the status quo is for followers. We develop leaders. Leaders who transform thinking. Leaders who set a worthy example. Leaders who make the world better. This is what we do and who we are. This is the Ivey Experience.

RICHARD IVEY SCHOOL OF BUSINESS — 2011 ANNUAL REPORT

2011 ANNUAL REPORT — 1 Today, as I reflect on 2011, I can see through new academic program that would provide a A Message my office window the Canadian flag waving classical education coupled with preparation atop Western’s University College tower – a for a business career. His answer was an from the proud symbol of the promise and power of adaptation of the Harvard “case system” for an education. From the vantage point of the undergraduate curriculum. In the words of Dr. new Ivey building, it is clear to me that Ivey’s Fox: “Leisurely study ripened into a conviction Dean exciting future has been built on a strong and that this would enable Western to offer a type proud past. We’ll celebrate both this proud of academic training for business which would Carol Stephenson, O.C. past and a bright future as we mark our 90th in name and principle be unique in Canada.” Dean, Richard Ivey School of Business anniversary in September 2012. The rest, as they say, is history. Ivey’s tradition Lawrence G. Tapp Chair in Leadership The new building is just one of many elements of innovation is a virtuous circle of sustainable responsible for the increasing momentum that leadership. This is true for individuals who “What you are is what has been carrying us forward since the launch enter our degree programs, organizations you have been. What of our Cross-Enterprise strategy in 2005 – who partner with us, and true when applied itself part of a virtuous circle of leadership to our own growth and evolution as Canada’s you will be is what you and a tradition of innovation that had its premier business school. Together, we seek do now.” beginnings in 1919 with the musing of one and discover new opportunities, challenge old man. Western’s Dean of the Faculty of Arts norms and perspectives and transform the — Siddhartha Gautama and Science, Dr. Sherwood Fox, envisioned a way people think and organizations operate.

2 — 2011 ANNUAL REPORT Highlighting a year in gifts Ivey Campaign for Leadership Throughout 2011, more than 25 donors made gifts of $100,000 or more. It is with our sincere thanks that we highlight a few of these gifts and recognize all of our generous donors in the listings starting on page 48.

Serge Gouin, HBA ’65, MBA ’66, & Denyse Chicoyne donated $175,000 to establish the Serge Gouin and Denyse Chicoyne MBA Leadership Award.

Richard M. (Dick) Ivey, HBA ’47, increased his support of the new building with an additional $2 million commitment, bringing his total personal investment in the building to $7 million.

Joanne & Peter Kenny, MBA ’57, donated $125,000 to create a $250,000 endowment as part of the Ivey Family Challenge Fund, which matches endowed donations supporting Ivey’s highest priorities.

The Albert and Temmy Latner Family Foundation made a substantial gift to support the construction of the dining pavilion in the new building, which will be named The Brock Pavilion in honour of In doing so we enable ourselves, our students its 39 Country Initiative, to provide much- alumnus Bill Brock, MBA ’63, LLD ’05. and our corporate partners to achieve their needed management education materials The Late R. John (Jack) Lawrence, HBA true potential and contribute to the societies free of charge to 39 of the poorest developing ’56, bequeathed $2.8 million in support of in which we operate around the world. countries. We also celebrated the 20th the Lawrence National Centre for Policy This is how we lead. And we repeat it every anniversary of our market-leading Executive and Management, building on his initial investment and leadership a decade ago. day in the classroom, in the boardroom and MBA program, whose sister program in Hong Kong was the first program with its own in our communities. Jon Love, HBA ’76, & Nancy Yeomans- campus in China. In challenging the status quo, Ivey has broken Love, HBA ’76, increased their support of the new building by adding $1 million to new ground many times throughout the Each step we take becomes part of who we are as a school and what we will become their existing $2 million pledge for a total years, and 2011 was no different. In the fall, commitment of $3 million. we graduated our first MSc class – the first tomorrow. program in Canada to be partnered with Once again, this annual report is a testament Joe Shlesinger, MBA ’86, on behalf of the the highly respected CEMS – a global alliance to the spirit and pride, the dedication and Shlesinger Family, donated $275,000 to in management education. Ivey’s MBA class hard work and the unwavering commitment support his class’s 25th reunion campaign and establish the Joe Shlesinger MBA held its inaugural Sustainability Week and to excellence of faculty, staff, students and Leadership Award. Conference with the Honourable Adrienne alumni. Thank you for your contributions to Clarkson headlining the speaker list. our success in 2011, and for your belief in our Ivey Publishing, the second-largest future. You keep us inspired and aspiring to distributor of cases in the world, launched be better each day.

2011 ANNUAL REPORT — 3 Last year, I had the pleasure of celebrating symbol of the School’s extraordinary progress A Message many important milestones reached by and reputation as a world leader than the new members of Western’s campus community. home it will occupy. from the And occasionally I enjoyed the privilege of Global Ivey Day was another memorable marking made-at-Western achievements occasion for me that reflects the international President that represent history in the making for reach and strength of the Ivey brand. With all humanity. 39 events held in 23 cities across Canada, the Among the most memorable milestones U.S., U.K., Asia, Germany and South Africa, Amit Chakma was the official opening of the first phase of some 1,700 alumni, faculty, students, staff and President & Vice-Chancellor, Western University the new Ivey building. It has been exciting friends participated in the programming and to watch this $110-million LEED-certified celebrations. That more and more alumni “Individually and collectively, facility take shape on the property across are choosing to engage with and support our component parts make Western Road from our Engineering and their alma mater bodes exceedingly well for Law buildings, and when it is completed the our future. up a single institution with new business school will stand among the Though not an Ivey story, I also recall a common goal to educate signature buildings that characterize Canada’s December 20 as one of last year’s most global leaders and make a most beautiful campus. As Ivey prepares to memorable days. Dozens of campus celebrate its 90th anniversary this September, difference in the world.” colleagues, government officials, industry I can think of no more impressive and tangible partners and national media gathered at the

4 — 2011 ANNUAL REPORT Highlights 2011 Western University

• With the $220 million Western researchers won in grant competitions in 2010–11, the University has now attracted more than $1.14 billion in research funding to the London and regional economy during the past five years.

• In November, world renowned neuroscientist Dr. Adrian Owen – Canada Excellence Research Chair at Western’s Brain & Mind Institute – and post-doctoral fellow Damian Cruse attracted international headlines after unveiling a cost-effective bedside solution for identifying patients wrongly diagnosed as being in a vegetative state.

• In the fall, Western began construction on the world’s first hexagonal wind tunnel. Designed by engineering professor Horia Hangan, the $23.6-million “WindEEE Dome” will simulate F3 tornadoes and other destructive wind forces, allowing researchers to study the effects of wind on the built and natural environment.

• In September, the Germany-based Fraunhofer ICT – Europe’s largest application-oriented research organization – finalized a partnership with Western that will see construction of a $10-million R&D facility at London’s new Advanced Manufacturing Park, where lightweight composite materials will be developed for the automotive, aerospace and medical device industries.

Convergence Centre located at Western’s that Western’s profile on the global stage Quick Fact Research Park for an announcement that is rising. Ivey’s HBA program offers 13 dual degrees through Western: the U.S. Food and Drug Administration had These were just a few of the many success granted approval to begin human clinical trials stories that inspired me during the past year of a preventative HIV vaccine developed by Dr. and which make me so proud to be part of Arts & Humanities Media, Information Yong Kang and his research team at Western’s & Technoculture the Western community. Individually and Economics Schulich School of Medicine & Dentistry. Medical Sciences collectively, our component parts make up Engineering This is a remarkable milestone from several a single institution with a common goal to Political Science Global Studies perspectives. First and foremost, it is a tribute educate global leaders and make a difference (Huron) Psychology to the sheer determination and decades- in the world. Indeed, the milestones reached Health Sciences Psychology (Huron) long effort of Western colleagues to create by one are achievements that can be a vaccine that will prevent the spread of a celebrated by all. Kinesiology Sciences deadly viral infection that has devastated the I warmly congratulate Dean Stephenson and Law lives of tens of millions around the world. If its the faculty, staff, students and alumni who final stages of testing prove successful, mass make up the Ivey community for all they production of the vaccine could get underway have achieved in 2011, with best wishes for within the next five years. And through the continued success in 2012 and beyond. international headlines it generated, this story of truly historic proportions reinforces the fact

2011 ANNUAL REPORT — 5 CHALLENGE.Contribute LEAD.DISCOVER.TRALL TLHE WOR D.

Ivey sees business through a global lens. We cross borders and time zones, languages and cultures. Growing our presence in China, India, South America and Africa gives us local perspective that feeds our global expertise. It’s an investment that yields, quite literally, a world of opportunity.

Jean Kwong, MBA ’12 Candidate, participated in Ivey’s first international MBA study trip to South America. “Prior to the trip, having done some research, I was expecting Brazil and Chile to be similar enough. I could not have been more wrong,” says Jean. “That’s why experiencing the world first-hand is integral to Ivey learning.”

6 — 2011 ANNUAL REPORT CHALLENGE.Contribute LEAD.DISCOVER.TRALL THE WORLD.

2011 ANNUAL REPORT — 7 Discover the World Discovering New Partnerships

Janet De Silva, EMBA ’94, Dean, Ivey Asia Eric Morse, Associate Dean, Programs

Ivey’s global impact leaps tremendous sacrifice as well. It meant The ABC EMBA program is also an important basically giving up family and friends for step in carving out Ivey’s Executive MBA forward through an a year. Many were only able to make one trip strategy in China. innovative partnership home. On the professional side, however, That strategy is to pursue more custom EMBA with the Agricultural it was just as big an opportunity.” programs with Chinese enterprises interested The students were chosen from the bank’s in trade or expansion here. Moling Sheng Bank of China. management levels using the same rigorous has recently been hired to oversee executive admission process as all Ivey programs. They education and EMBA program development learned the disciplines of real-world leadership in Beijing with state-owned enterprises through case study and discussion, using Ivey’s and other government entities. Consortium Partnering with BMO Financial Group, Ivey extensive case study library, which includes programs are also being developed. The tailored an Executive MBA program for the largest library of Asian case studies in first brings together Chinese and Canadian 26 carefully chosen executives from the the world. policymakers and businesses to explore Agricultural Bank of China (ABC), a company “And now the door has swung wide open the food-supply challenges China faces – an with 320 million retail customers whose for Ivey in China,” says Jan De Silva, Dean, issue on which Canada is well positioned employees number more than 440,000 – Ivey Asia. to help. These are just a few of the ways Ivey nearly the population of Newfoundland and is demonstrating its leadership credentials Labrador. It is the world’s eighth-largest bank. “It has helped establish our credentials with in China. China’s state-owned enterprises, which is The coordinated effort between Ivey’s degree what these major banks are. It also put us in “We’re also hoping this first EMBA program and executive development programs brought very close contact with Canada’s ambassador leads to more iterations of its kind with ABC,” top executives to Canada for 12 months, where to China, David Mulroney, who also feels that says Morse. “They certainly have capacity.” they earned an Executive MBA from Ivey, education is one of Canada’s key points of supplemented by work experience with the trade engagement.” Bank of Montreal. The ABC graduates have enjoyed graduation “We were able to quickly and nimbly put a ceremonies in Canada and Beijing, where program together for them, giving them the Ambassador Mulroney drew attention to Ivey same high-quality curriculum as our students as “one of the institutions we point to when in Hong Kong and Canada, with the added we want to enlarge perceptions of Canada, bonus of the job-shadowing they did at the to encourage friends to think of us as home to bank,” says Eric Morse, Associate Dean of great universities, to entrepreneurship and Programs. “It was an honour for them to be to business excellence.” chosen to come here, but it was a pretty

8 — 2011 ANNUAL REPORT Summer Business Program Secondary school students in Hong Kong hone their leadership skills and Ivey Publishing Launches 39 build for the future. Country Initiative

In an unprecedented initiative, Ivey Publishing Not only is Ivey Publishing delivering cases is making business cases accessible to the where they are most needed, they are also least developed countries around the world organizing case-teaching workshops in host at no charge through a program called the countries and universities. Similar to Ivey’s 39 Country Initiative. Providing these powerful student-led LEADER Project, Ivey students – building blocks of business management to who have already been exposed to hundreds faculty members in eligible countries (such as of cases – will be teaching case-based Afghanistan, Bangladesh, Cambodia, Ethiopia introductory business courses in select African and Haiti) is one way to improve the quality countries. Faculty in the host schools will be of management globally. encouraged to sit in on the courses to see the High-school students in Hong Kong got And a powerful step up for the next case method in action. a glimpse of the Ivey experience through the Ivey Summer Business Program. The 30 generation of business leaders in emerging There are four key benefits for Ivey, notes secondary school students from 21 schools economies. Beamish: throughout Hong Kong took part in a “The intent of this initiative is essentially • Opens up a new set of locales where two-week program that let them experience poverty reduction,” says Paul Beamish, students can gain valuable international Ivey’s unique case method and get a taste for the real world of business. Director of Ivey Publishing, the Asian experience. Management Institute and Engaging • Provides an opportunity for Ivey faculty Taught by faculty from Ivey’s London, Emerging Markets Research Centre. “If we can and students to make a contribution to Ontario, campus, the students participated in a university-level, pre-business program improve the level of basic business knowledge, management education where the need is that teaches business fundamentals new businesses will have a greater chance greatest, using content which we know works. of success, existing businesses will perform through cases. better, and there will be fewer business • Expands the reach of the Ivey brand to new universities and regions. “It also gives students an enhanced resumé failures in these countries.” they can use to secure a much-coveted • Increases our knowledge about doing position at either a local university or Ivey brings business cases to emerging business in these countries. international school in the incredibly economies to grow the next generation competitive market here,” says Jan De Silva, Dean, Ivey Asia. of business leaders. “We piloted the program this past summer and got tremendous reviews. Based on parent By the Numbers feedback, we’ll be adding an internship component with a local business and an additional program offering in Beijing.”

1 41,500 82 The program is an excellent venue through The number one producer of The estimated number of pages of The number of cases involving which to raise awareness of the Ivey brand Asian cases in the world. Ivey Publishing’s cases and technical Africa already registered with among executive-level parents, and expand notes in the current collection. Ivey Publishing. the School’s presence in China.

2 From the executive boardroom to the high- The world’s second-largest 39 1,400 school classroom, Ivey’s impact in China publisher of cases. The number of countries in the The estimated number of has a bright future. developing world with a per capita professors from Africa registered GDP of less than $2,000. with Ivey Publishing. 6 The approximate number of new cases published per week. 32 $0 Of the 39, the number of eligible The cost of cases from Ivey to countries in Africa. universities in the 39 developing countries where per capita GDP is 320 less than $2,000. The number of new cases published in 2011. $500 The estimated per capita GDP of Zimbabwe.

2011 ANNUAL REPORT — 9 Discover the World Growing in Emerging Markets

A strategy of knowledge partnership in India is helping reshape our global perspective. It’s an exceptional opportunity that is redefining Ivey as a global business school.

Ariff Kachra, PhD ’01, Managing Director, Ivey India

With a population of more than 1.2 billion For students studying in India, the classroom “Executives in India are very impressed by the people and an economy that is geared experience was often quite frustrating. Eighty calibre and diversity of our faculty. They have for growth, India represents a substantial per cent of the cases studied were based on a global perspective and are educated at top opportunity for the School. But we’re not companies and situations these students institutions around the world. The teaching the only player, says Ariff Kachra, Assistant would never see. “In North America, our quality at Ivey is phenomenal and the case Professor of Strategy and Managing Director students would absolutely revolt if 80 per method is amazing. These are characteristics of Ivey India. Business schools, especially from cent of the cases were about companies they that differentiate Ivey in India,” says Kachra. the U.S., are looking to India as a potential didn’t know. We want to change the learning While exploring executive development revenue stream and a way to increase student experience in India,” Kachra says. opportunities is our focus, our Indian bases in home markets. Ivey has a goal to develop up to 500 new initiatives and partners have created new “Our strategy is to be a knowledge partner in India-based cases by 2014. In keeping with the opportunities to introduce Ivey’s outstanding India,” says Kachra. “Our intent is not just to knowledge partnership strategy, Ivey is also degree programs to Indian undergraduate be here for the next two to three years. Our teaching Indian faculty to write and teach and graduate students considering an intent is to be here from now on, much like with cases. Since 2008, more than 300 Indian international education. we’ve been in Hong Kong. If you look at every faculty have been trained, a number that will Ivey’s India strategy is having an impact closer prong of Ivey’s strategy, what underlines what grow to 500 by April 2012. to home as well, generating a tremendous we’re doing in India is knowledge partnership.” An agreement signed in May 2010 with the amount of excitement among alumni, says The School’s strategy in India is based on four Indian Institute of Management – Bangalore Kachra. “It absolutely redefines us as a global pillars: case writing, research, executive (IIM-B) is a connection based on research. Ivey business school. When you look at Ivey India, development and programs. In 2011, there is funding joint research projects between Ivey the driving force of our strategy is to be a were many exciting advances on all four fronts. faculty and faculty at IIM-B, currently in three knowledge partner in Indian management Beginning in 2009, Ivey signed a Memorandum areas: entrepreneurship in the healthcare field, education at a multiplicity of institutions. of Understanding with the Indian Business women and board governance and knowledge We believe that in ten years people will see School to develop cases based on businesses sharing between companies and outsourcing us not only as the best business school in in India. firms in India. Canada, but also as a shaper of management education globally.”

10 — 2011 ANNUAL REPORT Ivey’s MSc program prepares students for the global stage.

The globally respected that give them the option to study abroad education, we learned what it meant to be at a CEMS partner school. These varied an Ivey student, and I think we really bonded. Master’s program backgrounds give each class a very So much so that when I came back from my graduates its first class. international flavour, says Darren Meister, semester in Barcelona, all of our relationships MSc Faculty Director. were still very strong.” “When our CEMS students then go abroad, and Amin recalled the energy and enthusiasm of Walk the halls on a class day during a break we bring students from our partners in, it’s those Ivey classes. or drop in on a discussion group and what not unusual to have a class where only 20 per “The number of languages spoken inside you hear are the sounds of leadership and cent of students are Canadian. While no one the classroom, people from everywhere, all analytical skills being honed in the many country provides most of the students, there sharing their ideas and experiences. There languages of the Master of Science in is a substantial number from Europe, Africa, were students from Asia, Europe, Africa – each Management (MSc) program. from throughout Asia and Australia. That one had a different perspective, and it took means that in every one of your classes, you’re Ivey’s first MSc class of 36 students graduated our discussions to a deeper level.” a minority. You have to learn how to explain in 2011. And it’s the start of a very exciting your ideas to someone who doesn’t share your Meister says the Ivey experience makes MSc opportunity for students looking for life experience or cultural context.” graduates ideal for organizations seeking international business experience. consulting, marketing research or operations With extensive group work and discussions at Globally respected, but relatively uncommon analyst roles with immediate international the core of Ivey’s case methodology, it’s the in North America, Ivey’s 16-month MSc experience. With the skill sets learned in ideal environment for this learning to happen. program is designed to prepare multilingual, the program, graduates are able to take multicultural post-graduate students for Tarek Amin, MSc ’11, was among the first cutting-edge thinking and best practices careers in a constantly changing global graduates of the MSc program. Now a business and apply them to the real problems facing business world. Ivey’s MSc program is the first analyst at Pratt & Whitney Canada in Montreal, organizations on a global scale. North American and the only Canadian school Amin came to Canada from Egypt when he “We can launch people into career paths to be part of the Community of European was 12 and later took his BA in Commerce at right from the start that are international in Management Schools (CEMS), a global alliance Concordia University before applying to the focus. You’ll hear recruiters say that we don’t of 28 top business schools on four continents MSc program. With a class of just 36 students have people in Canada who are international with more than 50 high-profile corporate and Ivey’s case-intensive approach, the in orientation. This program helps address partners. program gave him the international post- that and provides students with a lifetime of graduate experience he was seeking. These select students have varied international interesting opportunities.” backgrounds and can augment those “The first month at Ivey, which many students experiences through two program streams call the toughest month of their entire

2011 ANNUAL REPORT — 11 DISCOVEr.LEAD.CONTRIBE DiscoVER.CHALLENGE.TRANSFORM Th e STATUS QUO.

At Ivey, we’re always looking for a better way to do things. Finding it requires asking tough questions and challenging easy assumptions. It requires intellectual curiosity, creativity and collaboration. Making it happen requires the courage of leadership.

Sometimes challenging the status quo means having the courage not to go with the flow. For Stewart Thornhill, Executive Director, Pierre L. Morrissette Institute for Entrepreneurship, it can mean helping leaders of rapid-growth firms slow down long enough to see the big picture.

12 — 2011 ANNUAL REPORT DISCOVEr.LEAD.CONTRIBE DiscoVER.CHALLENGE.TRANSFORM Th e STATUS QUO.

2011 ANNUAL REPORT — 13 Challenge the Status Quo The Business of Health

Ivey’s Cross-Enterprise approach to research and teaching is finding answers to the challenges that face business and government.

In 2011, Ivey’s International Centre for Health “The Centre’s next step is to encourage “Now these centres as well as others are Innovation and the School’s Entrepreneurship Canadians across all jurisdictions to learn from looking at collaborating and taking it to the Cross-Enterprise Leadership Centre began the evidence of the OECD countries who have next level,” says White. “I think, in all of these working together to help transform Canada’s achieved some very impressive outcomes, and collaborations, there are more opportunities ailing healthcare system. It is a collaboration very interesting models of healthcare delivery. than there is time to pursue them.” that demonstrates the deepening evolution The next question is: how do we make the While the Cross-Enterprise Centre directors of Ivey’s Cross-Enterprise approach to necessary changes in our healthcare system meet quarterly to discuss future plans and research and teaching to address the most to achieve similar outcomes?” says Snowdon. opportunities, it’s a very serendipitous process complex issues facing businesses and that leads to these partnerships. governments globally. Read the white paper “Strengthening “We’re trying to seize the obvious Health Systems through Innovation” The Centre released its most recent white opportunities when they present themselves,” at go.ivey.ca/healthsysteminnovation. paper in November 2011 at the Ivey Global adds Thornhill, “I expect we’ll do more of Health Conference, which was followed by a these sorts of things as we move forward, and continuing education program for healthcare It’s the second such collaboration on health the more of this we do, the more connected leaders, facilitated by Pierre L. Morrissette entrepreneurship at Ivey. The first was a we’ll become.” Institute for Entrepreneurship Director conference held in London, Ontario, in June 2011 Stewart Thornhill. The Institute is also looking outside of Ivey to with the Entrepreneurship Cross-Enterprise Western University for future collaborations. The conference brought together health Research Centre to explore issues surrounding industry leaders to identify how innovation the commercialization and adoption of “We’re extending more and stronger ties to can be supported by policy, implemented in medical technology innovations. It’s a sign of the engineering faculty, the computer science healthcare delivery and sustained through more to come, says Rod White, Associate Dean, faculty, for example,” says Thornhill. “We’re education and scientific discovery. Called Faculty Development and Research. talking with the Dean of Engineering to see Strengthening Health Systems through how we can get our students collaborating on “There is an affiliation for innovation projects. What you want to do is make those Innovation: Lessons Learned and authored between health and entrepreneurship that by the Institute’s Chair, Anne Snowdon, the connections between the people who are made it a natural fit for faculty leaders in making the technologies and the people who white paper called for a transformation in these areas to come together around the Canada’s healthcare system. This shifts the know how to do something with them. These medical devices idea,” he explains. The initial connections are very valuable to both schools.” emphasis from health providers to consumers, mandate for the Cross-Enterprise Leadership based on a study of healthcare outcomes in Centres was to bring discipline-based faculty More importantly, these collaborations are Organization for Economic Co-operation and together under major thematic areas, such playing a critical role in Canada’s future. Development (OECD) countries. as entrepreneurship, emerging markets, sustainability and leadership.

14 — 2011 ANNUAL REPORT Rod White, HBA ’74, Associate Dean, Stewart Thornhill, Executive Director, Pierre L. Morrissette Institute for Entrepreneurship Faculty Development and Research “I think, in all of these collaborations, there are more opportunities than there is time to p u r s u e t h e m .”

— Rod White Associate Dean Faculty Development and Research

Anne Snowdon, Chair, Ivey International Centre for Health Innovation

2011 ANNUAL REPORT — 15 Challenge the Status Quo Teaching That Transforms the Classroom

Landmark research that is changing the face of leadership is also creating a profound learning experience in the classroom.

Mary Crossan, MBA ’85, PhD ’91, Professor

The groundbreaking research that culminated which places a strong emphasis on self- doing,” adds Crossan. Beyond research that in the report “Leadership on Trial: A Manifesto reflection, enables students to explore the informs what we teach, there are many factors for Leadership Development” is having a idea of leadership character through case that contribute to our success. These include profound impact in Ivey’s MBA classrooms studies, role plays and workshops designed by such things as the exceptional students and Executive Development programs. students that explored one of six virtues, such in our programs – leaders invigorated by the The multi-disciplinary research group of as wisdom, justice or courage. Ivey experience. Ivey Professors Jeffrey Gandz, Mary Crossan, “The response among MBA students was “Our case-based methodology also ensures Gerard Seijts and Dean Carol Stephenson outstanding,” says Crossan. “I’ve been lively dialogue between students and faculty. conducted discussions and interviews with teaching at Ivey for 25 years now, and I would Our alumni are engaged in the development more than 300 senior business, public and say it’s the most profound learning experience of cases, as well as being mentors in the case not-for-profit leaders from around the globe I have been engaged in at the School. It was of the Transformational Leadership course. to examine the role of leadership before, phenomenal – a great learning experience for And Ivey faculty willingly share their best ideas during and after the 2008– 09 financial crisis. the students as well as for me.” to deliver outstanding student learning.” The powerful consensus was that a broad- Publishing new knowledge gained through Although not all research finds a direct link to based failure in leadership was a root cause research and then bringing that learning the classroom, it is often a natural process for of the global meltdown. into the classroom in an impactful way are the research and teaching of a faculty member The report, originally released in September deemed equally important at Ivey, and an to become more aligned over time. The 2010, has received enormous response, says approach that is not found at many other Leadership on Trial project provides a great Professor Mary Crossan, former Director business schools. “We seek to impart more example of that process. “Our findings from of the Leading Cross-Enterprise Research than just knowledge, through a process that the project ended up directing my research Centre. More than 6,000 copies, plus a challenges the students to develop their agenda around leadership character, and that Chinese edition, have already sold out, and character, competency and commitment to research was instrumental in the design of the a third printing took place in December 2011. lead. We see this personal transformation as new course on Transformational Leadership,” The challenge now is to bring this powerful fundamental in supporting the mission of the Crossan explains. “We are using materials message to the next generation of leaders School to develop business leaders who think from the course in executive programs, in the classroom. globally, act strategically and contribute to and our experiences in the classroom and Responding to their own call-to-action the societies in which they operate. People in organizations will continue to fuel our outlined in the final chapter of the report, recognize that the competency focus of research agenda. It is all very synergistic.” Crossan and her colleagues spent several business can be empty without looking at Teaching, learning, investigating and months creating an MBA elective on character and commitment.” discovering – a virtuous circle that transforms Transformational Leadership, which was “This ability to take research and transform the how we lead today and tomorrow. introduced in January 2011. The course, classroom with it is something Ivey excels at

16 — 2011 ANNUAL REPORT “I’ve been teaching at Ivey for 25 years now, and I would say this is the most profound learning experience I have been engaged in at the School. It was phenomenal – a great learning experience for the students as well as for me.”

— Mary Crossan Former Director Leading Cross-Enterprise Research Centre

2011 ANNUAL REPORT — 17 CONTRIBUTE.CHALLENGE ver.TRANSFORM.LEAD THINKING.

We remove silos. We ignore borders. We embrace cultural differences. We do these things by transforming how we think about them. At Ivey, business as usual doesn’t exist. Our job is finding ways to make it better.

Taylor Emerson, MBA ’03, Senior Vice-President, Corporate Development at Pelmorex, who recently completed Pelmorex’s Senior Leadership Foundations program, shares some insights on new opportunities with fellow executive Kirsten Wells, EMBA ’09, Director and General Manager, Public Alerting.

18 — 2011 ANNUAL REPORT CONTRIBUTE.CHALLENGE ver.TRANSFORM.LEAD THINKING.

2011 ANNUAL REPORT — 19 Transform Thinking Leadership Is Learning

More and more firms are turning to Ivey Executive Development as the keystone to building a distinctive growth strategy.

Despite turbulent economic times, smart “It’s a more turbulent business environment, succeed. “It’s so much more powerful if they companies recognize the need for the so organizations are going through much discover it, than if some professor has taught continuous development of their people. more change,” says Gandz. “Leading them. If the participant discovers it, it stays. If With the advantages provided by the case organizations recognize that education you lecture, 88 per cent of it is forgotten in a method of learning, cutting-edge research and development are part of that change. short time,” says Gandz. and a faculty that is firmly rooted in the The implications of that for us have been a Ivey Executive Development programs also practical realities of business, Ivey Executive tremendous growth in our custom programs give faculty an opportunity to stay grounded Development is creating leaders with business, where we’re deeply involved with in the real world, while executives gain the an increased capacity to solve their own the development and implementation of value of timely, relevant research brought challenges brought on by a tough economy. strategy as educational partners.” into the classroom by the very researchers “Consultants solve problems,” says Jeffrey Whether it’s a global bank or the world’s who developed it. The work done by Gandz Gandz, Managing Director, Program Design, largest port-operating authority in Hong and fellow professors Mary Crossan, Ivey Executive Development. “Executive Kong, government or smaller regional Gerard Seijts and Dean Carol Stephenson, education helps individuals and organizations players, organizations of all sizes seek Ivey’s which led to the report called “Leadership increase their capabilities to solve those executive development expertise to help on Trial: A Manifesto for Leadership problems.” them manage change. Development,” has already made a deep “Typically, companies are not looking at specific impact in the executive development Ranked once again as the leading executive programs on a very practical level. education provider in Canada by the Financial skill improvement in areas like finance or Times, Ivey provides a comprehensive suite of marketing,” says Gavin Brown, Executive “When you go into a room with 250 executives open-enrollment programs, such as the Ivey Director. “The fundamental challenge that who are practising leaders day in and day Executive Program and the Ivey Leadership leaders are facing is simply growth. How to out, and you talk about leadership character, Program, as well as custom programs grow, how to manage growth. In my mind, you get down to what it means in the real designed specifically for an organization’s that’s what people are talking about as an world pretty quickly,” says Gandz. “And it’s particular needs. The return on investment organization. It’s not about coming and an incredibly grounding experience that then of all of these programs can be seen in learning new stuff. It’s actually about driving influences your research. In a lot of schools individuals and across organizations. a business forward and driving your individual that are doing executive development, it’s an development forward.” appendage...it’s not central to what they do. While there continues to be an excellent The case methodology is still a great way to Being involved in executive development is market for off-the-shelf programs, the central to our connection with the real world.” demands of the times have shifted the approach the needs of companies. Through emphasis to customized programs. case preparation and discussion, participants “Ivey’s proven track record and reputation discover the principles and concepts needed to make it possible to bring this type of work to

20 — 2011 ANNUAL REPORT Profile: culture at TD Canada Trust. “We put every one of our executives through our Build for the Future Ivey executive development program, every couple of years,” said Hockey. Tim Hockey “It’s probably the largest driver of our culture across our executive team. In the three-day program, we go through the history of the company, what our values are and take a Tim Hockey, EMBA ’97, look at the strategic cases that make up the is not only an Ivey choices that we make as an organization to alumnus, he’s also a get where we are. Then we spend a ton of time talking about culture and leadership strong supporter of development and building our talent for the School and now the future.” makes Ivey part of his Hockey has also been involved in Global Ivey Day and, while on the Ivey Alumni organization’s executive Association Board, was a founding sponsor development. It’s a of Ivey’s prestigious Ring Tradition, which has been a special part of the Ivey culture virtuous circle that since 2004. Every graduate of an Ivey degree speaks to the strong program takes the Pledge and receives an connections Ivey has individually numbered ring. In addition, Hockey and his wife Lana personally support with its graduates. the School through their generous support Jeffrey Gandz, Managing Director, Program Design, Executive Development of the Ivey Campaign for Leadership and their loyal contributions to the Annual Fund. organizations to help them find real solutions When Tim Hockey finished his Executive to their challenges,” adds Brown. MBA in 1997, the Canada Trust executive’s Beyond these outstanding contributions, Hockey is never one to turn down an “We don’t bring solutions to clients. Clients relationship with Ivey could have ended. opportunity to support the School, setting bring us problems, and we increase their But when Toronto Dominion acquired the bar ever higher and breaking fundraising capacity to solve their own problems,” he Canada Trust in 2000, Hockey discovered records as Chair of the Ivey Business Leader says. “The genesis of the way we approach a long-standing partnership between TD Award Dinner in 2009 and 2010. Hockey executive development is to work in and Ivey, one that he was determined to is also an active member of the Dean’s partnership with our client on first clearly re-energize. Advisory Board and was instrumental in the articulating the issue and the best way “That’s when I started putting a lot Board’s work with Ivey staff in developing to address their need. It’s helping them more energy personally into the School,” the School’s refocused and strengthened think through it. And that distinguishes says Hockey, President and CEO of brand positioning. what we do.” TD Canada Trust. You only get this opportunity if you’re seen Hockey has worked tirelessly for Ivey, as a manufacturer of ideas, not a retailer beginning with the Ivey Alumni Association. of ideas, adds Gandz. While it’s been more than a decade since “In the competitive executive development his MBA days, Hockey has always remained market, I ask people, ‘Why would you want connected to the School in many ways. It’s to buy retail? Buy from the manufacturer. like a virtuous circle – as student, alumnus, Buy direct.’” in an advisory capacity, as a speaker and through executive programs. “There are only a few institutions in this country that are world-class. The first, of course, is Ivey, because of its world-class reputation. And the other is SickKids (The Hospital for Sick Children in Toronto, Ontario). I think this is the way to move this country forward: get involved with its best institutions and strive to make them even better.”

Now Ivey is not only a big part of Hockey’s Tim Hockey, EMBA ’97, President & CEO, life, it’s very much a part of the leadership TD Canada Trust Company

2011 ANNUAL REPORT — 21 Transform Thinking Executive MBA Turns 20

Ivey EMBA Class of 2011 explores China on a break from corporate meetings.

Back Row (L–R): What are the key strengths that make the Robert Paolino, Matthew Lang, David de Changing the way Jonge van der Halen, Peter Lam (spouse executives think and lead EMBA program so attractive to executives? of Flora Yu), Flora Yu, Richard Samuel, Rowe: John Trisic. The program appeals to people who for over 20 years. learn through discussion of real-world issues as opposed to lecture around theory and Front Row (L–R): content. We’re very clear: we want people Andres Cardona, Meena Sahni, Ivey’s Executive MBA program has Henry Kesisyan. who learn through discussion, who are continually evolved over the course of willing to let iron sharpen iron. The case its 20-year history, but the basic core of methodology, as we exercise it here at Ivey, the program has remained the same: very much allows that to happen. That’s very help people discover the skills they attractive to our executives. need to become great leaders. Here, Liz Snelgrove, EMBA ’09, Director, EMBA Snelgrove: That’s very much the Ivey Recruitment and Program Services, difference. Through the process, you develop and Glenn Rowe, Director of the EMBA a strong bond and rapport among the Program, discuss the factors that have participants. I distinctly remember former made the program so successful. EMBA Director Michael Pearce telling

22 — 2011 ANNUAL REPORT prospective students, “While you’re here, we a personal brand. So the needs of the EMBA Timeline want to make you as physically comfortable individuals have changed, and we’ve been Take a closer look at the major milestones from as possible with the great service and all able to be proactive in providing that support. the 20 years of Ivey’s Executive MBA program: the amenities, and to an equal degree as intellectually uncomfortable as possible.” Has the EMBA program changed a lot over This unique environment creates strong the 20 years? 1991 Ivey launches its EMBA program bonds that last well beyond graduation Rowe: We don’t teach about a specific period at the new J.J. Wettlaufer Executive when EMBA participants join the larger of time. Our goal is to change the way people Development Centre in Mississauga, Ivey network. think, to change the way they make decisions. Ontario. It’s to enable them to take a cross-enterprise Talk about some of the recent successes of perspective into account when they make a the program. decision. That, to me, has not changed over Snelgrove: There is immense value tied to the 20 years of the program. the Ivey brand at home and internationally. We’re attracting a new demographic: more What are the recent changes you’ve made women and entrepreneurs and individuals to the program? from non-profit organizations, and all levels Rowe: We’ve broadened our global of government, so the profile of the class 1998 perspective and have a more specific focus School launches Hong Kong EMBA has changed a lot. There’s also more of an on sustainability and on entrepreneurship program with official opening of the Cheng Yu Tung Management Institute.

2000 The first students of the Hong Kong EMBA program graduate in Western’s first convocation outside of Canada.

37Per cent educated Per24 cent holding President/ internationally Vice-President positions

2006 First custom EMBA program for JD Irving, Saint John, NB. 2007 ING DIRECT Leadership Centre officially opens in downtown Toronto and is the new home of the EMBA , program and select Executive 2Execut437ive MBA graduates since 1991 Development programs. international clientele, which is another in response to the needs of our students. 2009 Ivey welcomes the 50th class into exciting development. With more entrepreneurs, we now have the EMBA program. Rowe: a five-class entrepreneurial component in We’re also attracting more people 2010 who fund themselves now, which I think the program. Ivey runs first EMBA program for the speaks significantly to the quality of We’ve also added international trips that Agricultural Bank of China. the program. alternate between India and China. It just 2011 Ivey launches second JD Irving Snelgrove: Twenty years ago, 90 per cent seems to make sense, given that these will be EMBA program. of students were company sponsored. the two largest economies in the world in the 2012 Because of economic and competitive next decade or so, and they’re very different countries. I think it’s very important that we India added as international pressures, individuals are realizing that study trip. they need the skills that come from our have business leaders in Canada who have an Executive MBA program. When they are self understanding of what it takes to go to India sponsored, it changes the dynamic in the or China and do business. class and the support services that we offer. EMBA candidates today are also looking for career coaching and support in developing

2011 ANNUAL REPORT — 23 Programs at a Glance MBA

2011 Incoming MBA Class Profile . PER CENT RECEIVED FULL-TIME Per cent with more Per cent with international average years of 90JOB OFFERS (WITHIN three 25than one degree 40work experience 4work experience8 MONTHS OF GRADUATIon)

Prior Work Experience Educational Background

8% 6% 4% 2% Science 13% Education Energy/ 2% Medicine Resources Math Arts 17% 1% Other Law

39% 25% Business Finance 18% Professional 28% Services Engineering

4% Healthcare 8% 7% Manufacturing 18% Computer IT/Telecom Science

Class Diversity Job Offers by Industry 18% Other 14 4% Consulting 22% Countries of Latin American Finance – Corporate Office 15% citizenship 53% Canadian Finance – Corporate Banking 13% 19 Consumer Packaged Goods 8% Birth countries 17% IT∕ Telecommunications 7% Indian Wholesale/Retail 6% 27 Finance – Other 5% Languages spoken Finance – Insurance 4% 8% 68 Chinese Legal Service 4% Per cent male Healthcare/Pharmaceuticals 4% Leisure/Entertaining 3% 32 Birth Country Government 2% Per cent female Manufacturing 2% Other 5% 24 — 2011 ANNUAL REPORT Programs at a Glance HBA

2011 Incoming HBA Class Profile . 524class size 82PER CENT AVERAGE5 FOR PER CEN93T RECEIVED FULL-TIME ADMISSION JOB OFFERS (WITHIN three MONTHS OF GRADUATIon)

Dual Degree Programs

Arts and Humanities Economics Engineering Global Studies (Huron) Health Sciences Kinesiology Law Media, Information & Technoculture Medical Sciences Political Science Psychology PER CENT OF sTUDENTS ENTERING academic disciplines Psychology (Huron) 22 40 A DUAL DEGREE pROGRAM represented Sciences

Class Diversity Job Offers by Industry

1% 7% North America Other 14 Finance – Corporate Banking 23% Countries of 1% Accounting 19% citizenship Latin America Consulting 18% 39 IT∕ Telecommunications 7% 19% Consumer Packaged Goods 6% Birth countries Asia- Pacific Energy/Resources 4% 36 Finance – Asset Management 4% Languages spoken Finance – Other 3% Arts/Media/Entertainment 2% 61 Education 2% Per cent male Finance – Insurance 2% 72% Manufacturing 2% 39 Domestic Per cent female Wholesale – Retail 2% Birth Country Marketing/Advertising/Public Relations 1% Other 5%

2011 ANNUAL REPORT — 25 Programs at a Glance EMBA Canada

2011 Incoming EMBA Class Profile

, 2Grad017uates to date since 1991 153Graduates in 2011 P37er cent with previous international education

Participants by Industry Participants by Title

26% Financial Services 20% General Manager/ 24% Director Manufacturing 11% Vice-President/ President Computer Technology 9%

Health Services 7%

Retail Trade 7%

Business Services 6% 17% Education 4% Other 33% Manager Holding/Investments 4%

Media/Entertainment 4%

Mining 4% Place of Residence Construction 2% 17% Ontario Insurance 2% (Outside GTA) Non-Profit Organizations 2%

Public Sector 2% 71% Greater 12% Wholesale Trade 2% Toronto Area Outside Ontario Legal Services 1%

Real Estate 1%

Utilities 1%

Other 11%

26 — 2011 ANNUAL REPORT Programs at a Glance EMBA Hong Kong

2011 Incoming EMBA HK Class Profile

420Graduates to date 70PER CENT MALE 30PER CENT FEMALE

Participants by Industry Participants by Title

Banking/Finance/Insurance 12% 29% Manager Industrial Service 12% Fashion/Garment/Apparel 8% 46% Manufacturing/Electronics 8% General Manager/ Director Aviation 4% Conglomerate 4% Education/Training 4% Food & Nutrition 4% Non-Profit 4% 8% Other Hospitality 4%

Jewellery/Watches 4% 17% Owner/President/ Mining 4% Vice-President Construction/Real Estate 4% Technology 4% Theme Park 4% Educational Background Transportation/Logistics 4%

Other 12% 29% Canada

46% Other Geographic Base Countries

33% 67% Outside of Based in 8% Hong Kong Hong Kong Non-Degree Holders 17% Hong Kong

2011 ANNUAL REPORT — 27 Programs at a Glance MSc

2011 Incoming MSc Class Profile

42% Male

P er cENT born outside Different birth 61of Canada 12countries 58% Female

36class size 22languages spoken 23average age

Participating Schools Exchange students come from 22 Rotterdam School of Management, different schools P er cENT of Erasmus University students Università Bocconi completed The London School of Economics international and Political Science UCD Michael Smurfit Graduate experience Business School Koç University Graduate School of Business Corvinus University of Budapest 97 University of St. Gallen University of Cologne Stockholm School of Economics HEC Paris ESADE Business School Aalto University School of Economics National University of Singapore Number of Copenhagen Business School incoming Graduate School of Management, exchange St. Petersburg State University University of Economics, Prague students NOVA School of Business and Economics Louvain School of Management 36 Warsaw School of Economics Vienna University of Economics & Business Norwegian School of Economics The University of Sydney Business School

28 — 2011 ANNUAL REPORT Programs at a Glance PhD

2011 Incoming PhD Class Profile Work Placement by Location

2 International 6 Canada

6 U.S. 63students enrolled Scholarships Held by class of 2011 1 Vanier

9 OGS Donor Funded

6 73PER CENT DOMESTIC pe27r cent International SSHRC

PER CENT MALE PER CENT FEMALE Per cent OF PHD CLASS ENROLLED 55 45 49IN THE GENERAL MANAGEMENT DISCIPLINE GROUP

2011 ANNUAL REPORT — 29 Programs at a Glance Executive Development

2011 Executive Development Profile . organizations participating in PER CENT INCREASE OVER LAST YEAR IN THE 583Executive Development Programs 21NUMBER OF ORGANIZATIONS PAR6TICIPATING IN EXECUTIVE DEVELOPMENT PROGRAMS

Participants by Title Participants by Industry in Open-Enrollment Programs

20% General Manager/ Service 18% Construction 4% 22% Director Vice-President/ Manufacturing 17% Consulting 3% President Financial 13% Technology 3% Public 11% Transportation 3% Natural Resources 9% Not-for-Profit 2% Retail 9% Pharmaceutical 2% 14% 44% Other Manager Utilities 6%

Number of Participant Days Number of Programs

25 Open- 4,101 Enrollment Custom Programs Program Participant Days

3,077 Open- Enrollment Program 77 Participant Custom Days Programs

30 — 2011 ANNUAL REPORT Alumni at a Glance Alumni

Alumni around the World Alumni Worldwide

Canada 80% U.S. 10% International 10%

Canada in 13 provinces/territories 3% 4% Other Quebec 7% Alberta

8% British Columbia

COUNTRIES

26% 101 Ontario Degree Breakdown — Other 52% Ontario — GTA 10% EMBA U.S. 39% in 47 states 26% HBA New York/ 1% Tri-State PhD 2% Other 51% (includes MSc) Other

48% 17% MBA California 6% Florida

Alumni by Industry International excluding Canada and U.S.

15% Other Finance 28% Real Estate/Property 4%

Consulting 13% Wholesale/Retail 4% 3% IT/Telecommunications 9% Electricity/Gas/Water 3% India Manufacturing 7% Media/Entertainment 3% Education 6% Legal 2% Consumer Packaged Goods 5% Marketing/Advertising/PR 2% 25% Europe 57% Healthcare/Pharmaceuticals 5% Other 9% Asia- Pacific

2011 ANNUAL REPORT — 31 DISCOVER.CHALLENGE ANSFORM.LEAD.CONTRIBE by example.

Setting the bar higher. Allowing achievements to speak louder than words. Ivey leaders are in every business, in every walk of life, on every continent...challenging the status quo and leading by example. Here’s a brief look at the many accomplishments of alumni, students and professors who were leading by example in 2011.

Eric Mercer, HBA ’12 Candidate, considers future career possibilities with alumnus Joel McLean, HBA ’95, President and CEO, Info-Tech Research Group, during a career planning event at the School.

32 — 2011 ANNUAL REPORT DISCOVER.CHALLENGE ANSFORM.LEAD.CONTRIBE by example.

2011 ANNUAL REPORT — 33 Lead by Example Extraordinary People

Leadership demands Scott Beattie with the highest level of integrity. People are HBA ’81, MBA ’86 always looking at you as a leader.… You need both integrity and Chairman, President & CEO, to lead by example.” Elizabeth Arden Inc. humility, says Beattie began his business career at

Andersen Consulting (now Accenture) and Elizabeth Arden Speaking at the 2011 Richard G. Ivey then switched to investment banking with Speaker Series, Beattie told the HBAs that CEO Scott Beattie. Merrill Lynch. He co-founded Bedford Capital, his cross-functional knowledge of business a leading private equity firm in Toronto, in He spoke to HBA and openness to new opportunities made 1990, and Bedford acquired the company that students about his a transition in careers a natural one. is now known as Elizabeth Arden, as a private He encouraged the students to follow career journey. equity investment. a similar path. Over the past 20 years, Beattie has grown “Don’t try to manage your career. Let the the company into one of the largest global opportunities blossom as they occur,” he said. prestige beauty companies, with more than “Listen to your heart.” $1.4 billion in revenue and with 2,700 people Among Beattie’s lessons: Consider the global operating in more than 60 countries globally. opportunities that business offers you, pursue your interests with tenacity, build your skills and never stop learning. Lead with integrity and humility. “When you look at companies that fail, it’s not often because of lack of competence, but because of arrogance,” he said. “When you get in front of people you have to behave

34 — 2011 ANNUAL REPORT Jodie Whelan is Jodie Whelan “The consumer role has many benefits, such as PhD candidate getting good deals, saving money and making Ivey’s first PhD the choices that are best for you,” Whelan says. Jodie Whelan, who is seeking a PhD in candidate to earn “But if we encounter these cues in other business administration (marketing), has contexts, which is very likely now with so one of Canada’s earned the Vanier Canada Scholarship – one many flyers, commercials and online shopping of Canada’s most esteemed scholarships – most sought-after around, the question becomes: how is it going worth $50,000 per year for three years. She to affect these other areas of our lives? We scholarships – the is the first Ivey PhD candidate to receive the think it’s a very interesting question because Vanier Canada extremely competitive scholarship award. these consumer cues are just everywhere.” Graduate Scholarship. Whelan’s work focuses on how being a The award, and the recognition for her work, consumer affects how we behave both while has left Whelan speechless. we’re shopping and when we’re not. “You work so hard your entire life, and then “[Whelan] is looking at what acting and suddenly you’re not only being recognized for thinking like a consumer means when that your hard work but the government is saying spills over into areas where we typically we value your research and we think you’re shouldn’t be consumers,” says June Cotte, asking interesting questions, so continue to do Associate Professor and Director of the PhD what you’re doing. It’s very motivating.” Program. “She’s looking at the implications both for consumers and firms that people can go in and out of roles. We understand roles in other contexts, like professor, wife or mother, but nobody’s really looked at a consumer as a kind of role that we might move in and out of.”

2011 ANNUAL REPORT — 35 Lead by Example Extraordinary People

Niraj Dawar Mary Heisz R.A. Barford Professor in Marketing HBA ’82, MBA ’02 DIRECTOR, HBA PROGRAM

In April 2011, Niraj Dawar received the Best Paper Award from the Mary Heisz was elected as a Fellow of the Institute of Chartered Academy of Marketing at the Corporate Brand, Reputation and Accountants (FCA) in July 2011. It is the highest designation the Corporate Identity conference held at Oxford University, England. Institute confers. The paper, “Do Prototypical Brands Facilitate or Impede the Fewer than three per cent of chartered accountants have this Introduction of Novel Extensions?”, co-authored with Frank Goedertier, designation, which recognizes outstanding career achievements as well Maggie Geuens and Bert Weijters of Vlerick Leuven Gent Management as service to the community and the profession. Heisz was recognized School in Belgium, looked at the impact of launching new, innovative for her contributions to the School, including securing an accreditation products under the umbrella of well-known or prototypical brands that for Ivey from the Institute of Chartered Accountants of Ontario in 2008. may be anchored in other categories. “When I arrived here there were only a handful of students who were “Consumers readily accept novel products from prototypical brands – interested in pursuing the CA as a career,” says Heisz, who herself is an as long as the brands help reduce customers’ perceived risk about the Ivey HBA and MBA graduate. “We now have all of the courses that are novel product. It turns out, their trustworthiness compensates for their required for the CA, and about 20 per cent of students are going down category-anchoring,” Dawar says. the CA career path now.” The award is encouragement that the team should continue to develop The recognition by the Institution is having a positive effect on the this line of inquiry. School, Heisz says. “It is recognition from academics who study brands that we have some “We get a lot of questions from secondary school students, and their theoretically interesting findings,” Dawar says. parents, asking if they can get their CA at Ivey. Having this credential, from a recruiting point of view, is a really good thing for us,” she says.

Find out more about this research, and other marketing topics, at Niraj Dawar’s blog, Just Marketing, at nothingbutmarketing.blogspot.com.

36 — 2011 ANNUAL REPORT

Barbara Stymiest Derrick and Kalen Emsley HBA ’78 HBA ’12 Candidate and HBA ’11

In 2011, Barbara Stymiest received an honourary Doctor of Law from Their first business endeavour, an idea they hatched while still high- Western University. Stymiest, who recently retired from the Royal Bank school students, today enables large corporations to offset their carbon of Canada (RBC) as the chief operating officer, received the honour at emissions and preserve the environment through Canada’s first agro- the June 16 morning session of Western’s 297th Convocation. forestry project. Now in the midst of starting a second business, Derrick Emsley and his brother, Kalen Emsley, together with Andrew Lenjosek, Stymiest, well known for her leadership at Canada’s largest corporation, are helping consumers preserve the environment and look good doing also served in various executive positions throughout her career, it. Kalen and Andrew, who both graduated from Ivey’s HBA program in including the first female CEO of the Toronto Stock Exchange, which 2011, and Derrick, now in his second year at Ivey, have now started she led through a groundbreaking IPO. She has also served as a member a clothing company called Ten Tree that sells unique clothing designs of the Ivey Advisory Board from 2001 to 2004 and has returned to Ivey for men and women both in-store and online. The premise is simple: on many occasions to serve as a volunteer and guest speaker. Ten Tree will contract to plant 10 trees for every piece of clothing sold. In her remarks, Dean Carol Stephenson spoke of Stymiest as a “The carbon offsetting was a way for large companies to offset their trailblazer for female executives and one who rose through the ranks emissions,” says Kalen. “We thought that there was really no way for to become one of the most widely respected bankers in the world. a consumer to do that and get something in return. So we thought, “She has also been recognized as one of the most dedicated volunteers why not try a clothing line?” in the not-for-profit sector in Canada,” Stephenson added. “In all she Both Derrick and Kalen began their business studies at the Paul J. Hill does, she displays an uncanny ability to manage an unfathomable School of Business at the University of Regina before coming to Ivey. quantity of demands with the utmost quality. That’s why she stands Now the many lessons learned here have served them well in both here today to be honoured for being an exemplar of leadership, business ventures. integrity and excellence.”

Check out tentree.org or visit Ten Tree on Facebook.

2011 ANNUAL REPORT — 37 DISCOVER.LEAD.CHALL ov er.C ontribute.TRAIL to tomorrow.

Our continued success has been built on one principle: giving back. Our alumni understand that their success is founded, in part, on the success of those who graduated before them. That is why our alumni serve as mentors to new graduates, advisors to the School and offer invaluable financial support. Today at Ivey, our past is continuing to enrich our future.

Liz Snelgrove, EMBA ’09, Director, EMBA Recruitment and Program Services, understands the responsibility of leadership includes paving the way for future generations, which include her 12-year-old daughter, Alexis Cronk.

38 — 2011 ANNUAL REPORT DISCOVER.LEAD.CHALL ov er.Contribute.TRAIL to tomorrow.

2011 ANNUAL REPORT — 39 Contribute to Tomorrow A Message from the Campaign Co-Chairs

Arkadi Kuhlmann, HBA ’71, MBA ’72, Chairman & CEO, Pierre Morrissette, MBA ’72, Chairman, President & CEO, Joe Shlesinger, MBA ’86, Managing Director, ING DIRECT Pelmorex Media Inc. Callisto Capital LP

Stepping up for the next the Ivey network reaffirms our own personal excitement levels are high as we look toward investment of time and financial support to the successful close of the Campaign in 2013. generation. the School. It is our sincere pleasure to recognize and 2011 was filled with milestones for Ivey, thank the individuals, foundations and each of which contributed to the incredible corporations in the following pages who have momentum and excitement surrounding the chosen to step up for the next generation. We The strength of the Ivey network continues to School. We have much to be proud of. Phase know without hesitation the success of the amaze us. When the School publicly launched One of the beautiful new Ivey building is Campaign relies on the generosity and vision the Ivey Campaign for Leadership in 2010, complete, which more than 1,000 alumni and of the entire Ivey network – thank you for we already had the incredible support of guests experienced at Homecoming; Phase continued and unwavering support. thousands of alumni, including more than Two of construction is well underway; and the 100 donors who had stepped up with gifts of School has hired more than 40 new faculty $100,000 or more. We saw this remarkable members since the start of the Campaign to Sincerely, momentum continue throughout 2011, and by support the growth of its degree programs. Arkadi Kuhlmann, HBA ’71, MBA ’72 the end of December, thousands more alumni Chairman & CEO, ING DIRECT and friends contributed, bringing us to $173 We are all stepping up to support a cause we million of our $200 million Campaign goal. deeply believe in – the Richard Ivey School of Pierre Morrissette, MBA ’72 Already we have achieved, together, the most Business. Thanks to the vision and passion Chairman, President & CEO, Pelmorex Media Inc. of our fellow alumni, friends and volunteers, successful campaign in Canadian business Joe Shlesinger, MBA ’86 we are in an excellent position to deepen the school history. As alumni, volunteers and Managing Director, Callisto Capital LP donors ourselves, witnessing the power of School’s impact on the next generation of business leaders. Momentum is strong and

40 — 2011 ANNUAL REPORT Investing in the Next Generation

$22 3300

$20 3000

$18 2700 ) $16 2400

$14 2100 n millions (i $12 1800 TS OF DONORS IP ER

CE $10 1500 RE $8 1200 NUMB SH

CA $6 900

$4 600

$2 300 number of donors $- 0

2010–2011 2006–2007 2007–2008 2008–2009 2009–2010 cash receipts

Designation 2011 Receipts ($) Source 2011 Receipts ($)

Centres of Excellence 3,275,760.19 Alumni 11,877,543.59 Highest Priorities 2,480,552.41 Corporations 4,523,512.43 Student Support 2,262,883.64 Friends 1,005,924.11 Infrastructure 5,546,813.35 Foundations 354,412.34 Faculty and Research 4,195,382.88

TOTAL $17,761,392.47 TOTAL $17,761,392.47

Faculty and Centres of Excellence Research 18% 24% Corporations Alumni 25% 67% Friends Highest Priorities 6% 14% Foundations 2% Student Support Infrastructure 13% 31%

2011 ANNUAL REPORT — 41 Financials Operating Budget

Revenue F2011 % F2010 % ($000) ($000) Enrollment Grant Revenue 9,566 10.9 8,536 10.8 Tuition 47,018 53.7 40,030 50.8 Pre-Business Funding 1,506 1.7 1,788 2.3 Course Fees (Non-Degree Programs) 9,727 11.1 9,357 11.9 Publishing 6,169 7.1 6,300 8.0 Conference Centres 8,138 9.3 7,152 9.1 Donations (Total) 17,760 20.3 13,307 16.9 Less-Endowed & Restricted Donations (15,901) -18.2 (10,374) -13.2 Endowment Interest 884 1.0 769 1.0 Recoveries & Miscellaneous 2,615 3.0 1,884 2.4 TOTAL Revenue $87,482 100% $78,749 100%

Direct Variable Expenses F2011 % F2010 % ($000) ($000) Program Accommodation & Meals 7,643 8.7 6,885 8.7 Student & Teaching Materials 4,212 4.8 3,953 5.0 Scholarships 3,226 3.7 2,888 3.7 Receptions 976 1.1 771 1.0 Other 369 0.4 327 0.4 TOTAL Direct Variable Expenses $16,426 18.8% $14,824 18.8%

Contribution $71,056 81.2% $63,925 81.2%

Direct fixed expenses – schedule 34,990 40.0 29,776 37.8 Administration expenses – schedule 27,019 30.9 24,038 30.5 UWO Services 6,571 7.5 6,571 8.3

Surplus $2,476 2.8% $3,540 4.5%

42 — 2011 ANNUAL REPORT Schedule of Expenses

Direct Fixed Expenses F2011 % F2010 % ($000) ($000) Faculty Salaries & Benefits 25,323 28.9 21,695 27.5 Faculty Fees 2,595 3.0 2,200 2.8 Utilities 296 0.3 289 0.4 Marketing & Recruiting 4,216 4.8 3,781 4.8 Property, Operations & Maintenance 359 0.4 302 0.4 Research 1,302 1.5 871 1.1 Computer Equipment & Software 779 0.9 609 0.8 Other Direct Fixed Expenses 120 0.1 29 0.0 TOTAL Direct Fixed Expenses $34,990 40.0% $29,776 37.8%

Administration Expenses F2011 % F2010 % ($000) ($000) Staff Salaries & Benefits 15,243 17.4 13,331 16.9 Travel 1,318 1.5 1,018 1.3 Amortization 984 1.1 1,115 1.4 Bank Charges & Interest 433 0.5 440 0.6 Rentals/Leases 102 0.1 82 0.1 General Administration 2,139 2.4 1,587 2.0 Mailing 343 0.4 244 0.3 Printing 352 0.4 298 0.4 Telephone 372 0.4 332 0.4 Building Rent 2,381 2.7 2,523 3.2 Building Alterations & Maintenance 842 1.0 540 0.7 Management Fees 422 0.5 335 0.4 Training & Development 284 0.3 110 0.1 Consulting & Professional Fees 1,604 1.8 1,571 2.0 Other 200 0.2 512 0.7 TOTAL Administration Expenses $27,019 30.9% $24,038 30.5%

2011 ANNUAL REPORT — 43 Contribute to Tomorrow Workplace Wellness Programs

Ivey and Sun Life Financial partner to launch the Sun Life Wellness Institute’s inaugural workplace wellness study.

A pioneering In May 2011, Sun Life Financial, through its new reduced staff turnover and generally healthier Sun Life Wellness Institute, awarded a research employees, said Michael Rouse, Assistant partnership between grant of $482,000 to Ivey Professors Michael Professor, Strategy and Organization. Ivey and Sun Life Rouse (principal investigator), Greg Zaric, “So given the U.S. numbers, what are the Financial is Charlice Hurst and Sisir Sarma (Schulich School numbers for Canada? Should Canadian of Medicine, Western University) to undertake companies be investing in wellness programs, conducting research a multi-year health and wellness study to particularly in an era of global recession and cost into the value of better understand the value of workplace control? We expect to see the same positive wellness programs across the country. workplace wellness outcomes as the U.S. study showed,” says Rouse. “The Sun Life Wellness Institute is pleased programs for The second phase of the research is a three- to partner with the Richard Ivey School of year study comparing Canadian companies Canadian employers. Business in groundbreaking Canadian research with wellness programs to those that don’t on the return on investment in workplace have such programs. It breaks new ground health and wellness,” said Lori Casselman, in how corporations Assistant Vice-President, Health and Wellness, “We will be collecting two years’ worth of data, and at the end of the two years, we will be in a and business schools Group Benefits, Sun Life Financial Canada. “Through our partnership and research, we very good position to calculate the actual ROI can work together are encouraged to be able to bring important for Canadian companies,” he adds. Rouse also to solve the pressing insights and evidence to emphasize the expects that employees of companies with rewards of workplace wellness programs wellness programs will have made fewer trips issues of Canadian and enable Canadian employees to embrace to their doctor or to the emergency room, and healthcare. healthier, more active lifestyles.” fewer and shorter trips to the hospital. The partnership is the first major study “So if that’s the case, then there is a huge undertaken by the Sun Life Wellness Institute. benefit to Canadian healthcare costs.” Phase One of the two-part research program “This research wouldn’t be possible without is a review of Canadian and global literature a partner like Sun Life,” Rouse added. “The to see if a return on investment can be results of these studies will help Canadian determined for companies investing in businesses make informed, evidence-based wellness programs. The impetus for the review decisions on workplace wellness. And Sun was a 2010 Harvard study of U.S. companies Life is releasing the data through the Sun Life that found an ROI of $3.27 for every $1 invested Wellness Institute so that everyone has access in wellness programs. The Harvard work to it. That’s just the right thing to do. It just also suggested an increase in productivity, moves the whole field forward.”

44 — 2011 ANNUAL REPORT Stepping up for the Next Generation

HBA ’81 Raises the Bar Take a look at these astounding numbers! In an extraordinary show of generosity and teamwork, the HBA Class of 1981 has raised more than $1 million in support of Ivey’s new building.

2001 At their 20th Reunion the class raised $405,943 and established the HBA ’81 Award for HBA students. $405,943

2006 At their 25th Reunion they raised $606,400, once again towards the HBA ’81 Award. $606,400

2011 HBA ’81 celebrate their 30th reunion. The class raised more than $1 million in honour of their milestone anniversary. For their 30th Reunion they raised an astounding $1,022,024 in support of the School’s new building. Above (L–R): reunion giving program began in 1996. And Patricia Morrison Gass, David DesLauriers, Scott McMeekin, Lisa Colnett, Kathleen Close it’s the third time in a row that HBA ’81 has $1,022,024 set the bar for future reunion classes. In honour of their 30-year reunion, the “We have an amazing class, so it was a HBA Class of ’81 came together to show great feeling when we reached our goal,” their support for Ivey. In celebration of their says Jacqueline Love-Wilson, who, along milestone, the class raised more than with husband, Scott, was part of the $1 million in support of the new Ivey building. Class Campaign Committee. “I think our For doing so, they will have a 78-seat participation rate was close to 50 per cent. classroom named in their honour. It was as much about participation as the Their generosity will stand as an example absolute dollar amount.” of teamwork and lifelong commitment The outstanding accomplishment of the HBA to future HBA students. ’81 class is a shining example of the strength “I thought it would be really cool if we had a of the lifelong friendships, commitment to classroom in the new school building named teamwork and generosity that is fostered for our class,” said Lisa Colnett, HBA ’81. at Ivey. “And so I proposed it to the fundraising “Without exception, everyone in our class committee. They thought it was a significant has extremely fond memories of what we increase over where we were for our 25-year shared together, and we all believe very reunion, but they all embraced the goal strongly in what the School is doing. Forward and away we went.” thinking is demonstrated in all its programs,” This is the first time a single reunion class has Love-Wilson says. raised more than $1 million since the formal

2011 ANNUAL REPORT — 45 Contribute to Tomorrow Boa r d s & Cou nc i ls Ivey is fortunate to have the support and counsel of exceptional business leaders. We are proud to list the 2011 members of our many boards and appreciate their passion and commitment, which help propel the School forward.

Ivey Advisory Board Laura Hantho, MBA ’89, Christine Magee, HBA ’82, Prem Watsa, MBA ’74, Janet De Silva, EMBA ’94, European Advisory Advisor, MaRS Discovery President, Sleep Country Chairman & CEO, Fairfax Dean, Ivey Asia, Richard CHAIR District Canada Financial Holdings Ivey School of Business Board Arkadi Kuhlmann, HBA ’71, Limited Mark Healy, MBA ’05, Michael McCain, HBA ’79, Jamie Horne, MBA ’80, CHAIR MBA ’72, Chairman & CEO, MBA ’83 ING DIRECT Partner Customer Strategy, President & CEO, Maple Michael Wilson, HBA ’90, Chairman Asia Pacific, Barbara Kovacs, Satov Consultants Inc Leaf Foods Incorporated Managing Director, Colliers International Willie Clark, MBA ’73 HBA ’86, T A Associates Paul Atkinson, HBA ’89, MBA ’83, Managing Director, Michael Hill, Steve McDonald, John Irwin, CFO/CIO/ Brendan Clouston, MBA ’79 Southwest Sun Inc Managing Director & Global Group Head – Global Corp Andrew Wiswell, MBA ’80, Director of Facilities Vice- Co-Head Natural Resources & Investment Banking President & CEO, President of the Ivey Group Jeffrey Couch, HBA ’92, Nora Aufreiter, HBA ’81, & Power Group, Nomura Co-CEO, Scotia Capital NAL Resources of Companies, Richard Ivey Head of Business Director Toronto Office, Securities Incorporated School of Business Development, Eurasian McKinsey & Company Natural Resources Paul Hill, MBA ’69, Don McDougall, MBA ’61, Emeritus Members John Kao, HBA ’76, Director, Corporation PLC Scott Beattie, President & CEO, Harvard President & CEO, John Armstrong Worldvest Holdings Ltd HBA ’81, MBA ’86, Developments Inc Rambri Management David Graham, President, Chairman & CEO, Incorporated Ralph Barford, President, Leonie Ki, Managing Director, Cablecasting Founder Elizabeth Arden Inc Tim Hockey, EMBA ’97, Valleydene Corp Limited New World China TD Enterprises Projects Michel Gréco, MBA ’68, President & CEO, Sarah Morgenstern, HBA ’59, MBA ’89, Canada Trust Company Tom Brent, Consultant, C/O Pateurop Laurie Campbell, MBA ’93, Publisher & Medihold Limited SavvyMom Chairman, Managing Director Merrill MBA ’88, Co-Founder, Limited EMBA ’00, Vijay Jain, MBA ’71, Lynch Debt Capital Markets, Tim Hodgson, Media Daniel Lam, Special Advisor to the Managing Partner, Managing Director, TDT Bank of America Merrill Bob Brouillard, MBA ’66 International Lynch Governor, Bank of Canada Pierre Morrissette, MBA ’72, Hampton Securities (Asia) Ltd MBA ’76, Chairman, President & CEO, Paul Desmarais, Chairman Philip Meyers, MBA ’89, Jim Hunter, Pelmorex Media Inc Dr Amit Chakma, NexGen of the Executive Committee, Director – Business Chairman & CEO, Power Financial Patrick Lam, Executive President & Vice-Chancellor, Financial Development, Europe, Western University Michael Needham, MBA ’68, Corporation Director, NWS Holdings Ltd Chairman & CEO, SimEx! Associated British Ian Ihnatowycz, MBA ’82, HBA ’91, CEO, Ron Charles, MBA ’71, Iwerks Geno Francolini, HBA ’54, Eddie Law, Foods plc President & CEO, First Zheng He Financial Managing Partner, President & CEO, Xenon Nicholas Paine, HBA ’83, The Caldwell Partners Generation Capital Inc Kevin O’Brien, HBA ’93, Holdings Limited Capital Corp CEO, Quinto Investments International Inc Chief Commercial Officer, James D Irving, President, Aeroplan HBA ’51, Simon Leung, Chairman & J D Irving Limited Kenneth Harrigan, Michael Phair, MBA ’74 Dr Henry Cheng, President, K W Harrigan CEO, Greater China Region, Kevin O’Leary, MBA ’80, Microsoft China Co Ltd HBA ’71, MBA ’72, Richard W Ivey, HBA ’72, Consultants Carol Stephenson, O.C., Chairman, O’Leary Funds Managing Director, Chairman & CEO, Ivest Dean, Richard Ivey School Richard M Ivey, HBA ’47, Yoshihide Nakamura, New World Development Corporation HBA ’81 President Uldage Inc of Business Jeff Orr, Chairman, Ivest Corporation President & CEO, Co Ltd & CEO, Power Financial Don Johnson, MBA ’63, Myron Ng,* EMBA ’08, Tom Zeeb, HBA ’86, CEO, MBA ’85, Corporation Bob Luba, MBA ’67, SIX Securities Group AG Andy Chisholm, Member – Advisory Board, Luba Financial Assistant General Manager, BMO Capital Markets President, Managing Director Gilles Ouellette, HBA ’69, Incorporated Property Management MBA ’70, The Link Investment Banking, MBA ’73, President & CEO, & Operations, Goldman Sachs & Co Michael Kanovsky, Private Client Group, MBA ’72, Sky Energy Chris Matthews, Management Ltd Campaign Cabinet President, BMO Financial Group; Hay Group HBA ’75, Corporation Chairman, MBA ’91, Sylvia Chrominska, BMO Gordon Perchthold, HONORARY CHAIRS Deputy Chairman, The Group Head, Global Human MBA ’79, Nesbitt Burns Grant Reuber Partner & Co-Founder, Purdy Crawford, Counsel, Resources & Communications, David Kassie, RFP Company Osler Hoskin & Group Chairman, Dick Sharpe, HBA ’50 Scotiabank Pierre Pomerleau, MBA ’89, Harcourt LLP Canaccord Genuity Dipak Rastogi, MBA ’82, HBA ’81, President & CEO, Bill Shurniak, Chairman & Citi Venture Capital Lisa Colnett, HBA ’81, Pomerleau Inc President, Shurniak Art CEO, Peter Godsoe, Retired Senior Vice-President Edward Kennedy, International, President & CEO, The North Gallery Chairman & CEO, Human Resources & Bruce Reid, MBA ’64 Citigroup Inc Scotiabank Kinross West Company RBC Corporate Services, LLB/MBA ’82, Allan Taylor, Gold Corporation MBA ’73, Larry Rosen, Financial Group Kishore Sakhrani, MBA ’83, Richard M Ivey Family Louis Lagassé, Harry Groupe Chairman & CEO, Director, ICS Trust (Asia) HBA ’84, Chairman & CEO, Rosen Inc HBA ’47 George Cope, Lagassé Dr David Weldon, Limited President & CEO, BCE Inc & CO-CHAIRS Paul Sabourin, MBA ’80, William Wilder, President, Chairman, HBA ’71, Bell Canada Gilles Lamoureux,* MBA ’66, Rick Siemens, Arkadi Kuhlmann, Chairman & Chief W P Wilder E-Kong Group Ltd MBA ’72, Chairman & CEO, MBA ’80, Former Senior Advisor, Polar David Cornhill, Ernst & Young Orenda Investment Officer, ING DIRECT Chairman & CEO, Securities Inc Kathleen Slaughter,* AltaGas Ltd Corporate Finance Inc Former Dean, Ivey Asia, Pierre Morrissette, MBA ’72, Heather Shaw, MBA ’87, Asian Advisory Richard Ivey School Tom Lindsay, MBA ’81, Chairman, President & CEO, Darin Deschamps, HBA ’87, Executive Chair, Corus Board of Business Pelmorex Media Inc Managing Director President & Chief Operating Entertainment Inc Belkorp MBA ’86, Corporate & Investment Officer, CHAIR Carol Stephenson, O.C., Joe Shlesinger, Industries Inc MBA ’86, Richard Ivey School Callisto Banking, National Bank Joe Shlesinger, Dr Henry Cheng, HBA ’71, Dean, Managing Director, Managing Director, Callisto of Business Capital LP Financial Stephen Lister, MBA ’85, MBA ’72, Managing Capital LP New World Managing Partner, Imperial Director, Allan Zeman, Chairman, Lan Kirsten Feldman, MBA ’84 Development Co Ltd Capital Group Doug Speers, MBA ’70 Kwai Fong Holdings Ltd VICE CHAIRS HBA ’71 Barbara Fraser, HBA ’76, Victor Apps* EMBA ’03, Don Archibald, MBA ’85, Jon Love, Carol Stephenson, O.C., Huaying Zhang, Cequence Serge Gouin, HBA ’65, Managing Partner, Dean, Richard Ivey School Chairman, Dr Paul Beamish, HBA ’76, Vice-President Risk Energy Inc MBA ’66, Chairman of the KingSett Capital Inc of Business PhD ’85, Executive Director Management Greater China Quebecor Media Inc Board, MBA ’74, HBA ’86, – Asia Management & Korea Business Unit, Don Bailey, HBA ’84, Terry Lyons, Chris Tambakis, The Coca-Cola Company Triton Doug Guzman, HBA ’88, Chairman, Northgate CEO North America, Institute, Richard Ivey Chairman & CEO, Head of Global Investment Minerals Corporation Adgar Investments & School of Business Investments Inc Banking, RBC Capital Development Inc Vincent Cheng, Senior Laurie Campbell, MBA ’89, Markets Hugh MacDiarmid, HBA ’74, President, Killin HBA ’73, Advisor to the Group Chief Managing Director Merrill Marty Thrasher, Jon Hantho, MBA ’89, Management Corporation President, FMT Consulting Executive, HSBC Lynch Debt Capital Markets, President & CEO, Maxxam Holdings plc Bank of America Merrill Analytics Tim MacDonald, HBA ’81, Don Triggs, MBA ’68, Lynch MBA ’88, President & President, Arise Ventures Robert Cook, Senior HBA ’75, Partner, A T Kearney Ltd Executive VP & General Sylvia Chrominska, Limited Manager Asia, Manulife Group Head, Global Human Financial Corporation Resources & Communications, Scotiabank

46 — 2011 ANNUAL REPORT George Cope, HBA ’84, Jeff Brown, HBA ’00, Alex McMurray HBA ’07, Chet Choon Woon, MBA ’94, Stewart Thornhill, Mark Findlay, Vice-President President & CEO, BCE Inc Chief Strategy & MBA ’12 Candidate, Business Development, Executive Director, Pierre – Access & External Relations, & Bell Canada Procurement Officer, Stakeholder Relations GroomTalent.com L. Morrissette Institute for AstraZeneca Porter Airlines Inc Oil Pipelines Commercial Entrepreneurship, Richard Darin Deschamps, HBA ’87, Krista Wylie,* HBA ’94 Victor Garcia, Chief Development, Ivey School of Business Managing Director Mark Brown, MBA ’95, Technology Officer,Hewlett- TransCanada PipeLines MBA ’00, Packard (Canada) Co Corporate & Investment Vice-President Client Limited Michael White, National Bank President, IBK Capital Corp Banking, Solutions & Interactive, Entrepreneurship Jim Hatch, Professor Financial Surge Communications Inc Jennifer McNaughton, HBA ’86, MBA ’91, Council Finance/Entrepreneurship, Michael Hill, HBA ’89, Alastair Caddick, HBA ’95, Richard Ivey School of National Partner Manager, Managing Director & Global Vice-President Strategic CHAIR Lawrence Centre Business Information Builders David Wright, HBA ’83, Co-Head Natural Resources Programs, CHC Helicopter Advisory Council Paul Kirkconnell, MBA ’83, & Power Group, Nomura Robb McNaughton, President, Agora Sabrina Ceccarelli, HBA ’06, Consulting Partners Inc CHAIR Executive Vice-President, Securities Borden LLB/MBA ’00, Partner, Business Associate – Lawyer, Gowling Lafleur Thomas d’Aquino, Venture Capital, MBA ’76, Ladner Gervais LLP Ian Aitken, HBA ’87, Development Bank of Jim Hunter, Henderson LLP Chairman & CEO, Chairman & CEO, NexGen CEO, Pembroke Canada Jasper Chan, MBA ’05, Intercounsel Limited Financial Sean Naylen, MBA ’04, Management Ltd Senior Manager, Security Carol Stephenson, O.C., Dr Kellie Leitch, M.P.,* Director, Barclays Capital Partner, Richard W Ivey, HBA ’72, Technology, Cisco Systems Bruce Barker, Dean, Richard Ivey School Former Chair Ivey Chairman & CEO, Ivest Myron Ng,* EMBA ’08, Bennett Jones LLP International Centre for Joan Dal Bianco, EMBA ’07, of Business Corporation Assistant General Manager Health Innovation, Richard Vice-President – Product Andrew Barnicke, HBA ’83, Property Management Abbey Road Jim Dinning, Chairman of Ivey School of Business Don Johnson, MBA ’63, Delivery & Servicing TDBFG President, Western & Operations, The Link Ventures Inc Board of Directors, Member – Advisory Board, Online Channel, TD Bank Financial Group Paul LePage, Senior Vice- Management Ltd Telus Health & BMO Capital Markets Group Michael Boyd, MBA ’76 President, Alexa Nick,* MBA ’95, Edmund Clark, President & Financial Solutions Michael Kanovsky, MBA ’73, Ebrahim El Kalza, HBA ’04, Connie Clerici, President CEO, TD Bank Group Sky Energy Managing Director, President, Senior Strategist Strategy BottomLine Group and & CEO, Closing the Gap Terry McCool, Director & Corporation Sid Lee Inc Jalynn Bennett, President, Group, Founder, myPractice Healthcare Group Vice-President Corporate Jalynn H. Bennett Affairs, Eli Lilly Daniel Lam, EMBA ’00, Amanda Freeman-Ram, Nikki Papadopoulos, Ron Close, HBA ’81, Associates, Ltd Canada Inc Managing Partner, HBA ’92, Chief Financial John R. Currie Executive Hampton Securities In-Sync HBA ’08, Analyst Mergers Vic Young, MBA ’68 MBA ’89, Officer, Evercore Entrepreneur in Residence, Dr Brent Norton, (Asia) Ltd & Acquistions, President & CEO, PreMD Inc Kamal Gautam,* MBA ’04, Partners Richard Ivey School of Anthony Ferrari, MBA ’98, Claude Lamoureux, Former Management Consultant, Business Senior Vice-President, Sue Paish, CEO, Gordon Perchthold, MBA ’91, Forum Equity Partners Pharmasave Drugs President & CEO, Ontario Oliver Wyman Bob Dhillon, EMBA ’98, Teachers’ Pension Plan Partner & Co-Founder, Incorporated (National) Ltd Ian Goshko, HBA ’05, The RFP Company President & CEO, Investor MBA ’66, Relations, Mainstreet Carolyn Lawrence, President, Gilles Lamoureux, Management Consultant, MBA ’02, Dale Patterson, Former Senior Advisor, Accenture Michael Quinn, Equity Corp Women of Influence Inc Vice-President – External Ernst & Young Orenda Senior Vice-President, Genome Canada HBA ’89, Royal Stephen Gunn, MBA ’81, Dianne Cunningham, Relations, Corporate Finance Inc Dr Nicole Haggerty, Energy & Resources, PhD ’04, Associate Professor Bank of Scotland Chairman & CEO, Sleep Director, Lawrence National Domenic Pilla, CEO, Stephen Lister, MBA ’85, Management Information Country Canada Centre for Policy & Shoppers Drug Mart Inc Richard Ivey Lauren Roberts, HBA ’08, Management, Richard Ivey Managing Partner, Systems, Boston Jim Hall, HBA ’71, President Imperial Capital Group School of Business Consultant, School of Business Lisa Purdy, National Health Consulting Group of & CEO, James Hall Industry Leader, Deloitte Jon Love, HBA ’76, Amanda Hsueh, HBA ’06, Canada Limited Advisors Inc Donald Campbell, Senior & Touche LLP Strategy Advisor, Davis LLP Managing Partner, Marketing Manager Dry MBA ’94, Pam Jeffery, HBA ’84, Dr William Reichman, KingSett Capital Inc Packaged Dinners, General Parag Saigaonkar, Regional Managing Director MBA ’88, Founder, Jeffrey Simpson, Columnist, President & CEO, Baycrest Mills Canada Inc The Globe & Mail Tim MacDonald, Deloitte Consulting India Pvt The Jeffery Group Ltd, Woman’s Executive Graham Scott, President, HBA ’81, MBA ’88, Stephen Hughes, Ltd, Deloitte & Touche LLP Blake Goldring, Chairman Graham Scott Strategies President & Partner, HBA ’84, MBA ’88, Network and Canadian AGF Management Krista Schiestel, MBA ’07, & CEO, Inc A T Kearney Limited Senior Vice-President Board Diversity Council Limited Silicon Valley Bank, Business Development, Catherine Seguin, MBA ’61, Capital IQ – A Standard Melinda Lehman, MBA ’94, Don McDougall, SVB Financial Group EMBA ’97, Vice-President, President & CEO, & Poor’s Business Managing Director, Rambri Management MBA ’01, Happen Inc International Affairs, Alain Huneault, MBA ’05, Health Centre Hospital for Sick Children Incorporated Director Business Grant Sernick, Senior Manager Store Pierre Morrissette, MBA ’72, Advisory Council Development, Uman Chairman, President & CEO, Anne Snowdon, Chair, Ivey Doug McGregor, Pharma Inc Communication Channels, International Centre for HBA ’79, MBA ’82, Canadian Tire Pelmorex Media Inc CHAIR Neil Fraser, MBA ’83, Health Innovation, Richard Chairman & Co-CEO RBC Fred Isaak,* MBA ’96, Corporation Limited Eric Morse, Associate Dean, President, Medtronic of Ivey School of Business Dominion Securities, Director Business Performance MBA ’08, Programs, Richard Ivey Canada Ltd RBC Capital Markets KPMG Enterprise Michael Shen, Carol Stephenson, O.C., Services, GE School of Business Corporate ECLP 2013, Bonnie Adamson, President Dean, Richard Ivey School Adam Waterous, HBA ’84, David Jiang, MBA ’04, Ambrose Sung, HBA ’95 Alexa Nick, MBA ’95, & CEO, London Health of Business Vice-Chairman – Global Director & General Manager, Managing Director, Sciences Centre Head of Investment Yuyang Hotel Gary Svoboda,* MBA ’83, BottomLine Group and Dr Cal Stiller, President, Adventus Stilco Corporation Banking Head of Scotia HBA ’95, President, Founder, myPractice Dr Peter Armstrong, Vice- Scotia Capital Peter Kalen, Research Waterous, MBA ’01, President – Medical Affairs Dr Michael Strong, Dean, Incorporated Senior Vice- Rob Peterman,* MBA ’02, EMBA ’02, & Chief Medical Officer, Schulich School of Medicine President, Financial & Home Dan Vickery, Head – Business Shriners Hospital for Services, Sears Canada Inc President, Bioensemble Ltd & Dentistry, Western Development – Clean Children University Milla Kokhanova,* HBA ’08, Anton Vidgen, HBA ’06, Technology Toronto Stock Ivey Alumni William Charnetski,* Analyst, Investment Principal, Vidgen Exchange, TMX Group Paul Walker, President & Vice-President Integrated Spectral Diagnostics Association Board Banking, RBC Capital Consulting Inc Larry Rosen, LLB/MBA ’82, CEO, Markets Health Solutions and of Directors Matt Vines, HBA ’07, Chairman & CEO, Harry General Counsel, Astra Dale Weil, Senior Vice- MBA ’05, Rosen Inc CHAIR Judy Liu, Head – Associate – Oilfield Services Zeneca Canada Inc President, Integrated Business Development Global Energy Research, Healthcare Solutions & Mark Healy, MBA ’05, John Rothschild, MBA ’73, Ken Deane, Assistant Deputy China, Atkins RBC Capital Markets Prime Restaurants Pharmaceutical Solutions, Partner Customer Strategy, CEO, Minister, Accountability McKesson Canada Satov Consultants Inc Spencer Low, MBA ’03, Gary West, HBA ’68 of Canada Inc & Performance Division, Associate Vice-President – Government of Ontario Jim White, HBA ’74, Paul Sabourin, MBA ’80, Strategy, Sears Canada Inc VICE CHAIR MBA ’75, Senior Partner, Chairman & Chief John Fanaras,* President, Anthony Ostler, MBA ’97, Raveena Maheshwari, How Lawrence White Investment Officer, Polar Nucro-Technics Vice-Chair, Manulife MBA ’07, Senior Manager Bowes Securities Inc Financial Corporation Client Information MBA ’91, Stephen Suske, MBA ’77, RBC Mark Whitmore, David Barron, HBA ’94, Transformation, Managing Partner – Toronto, President & CEO, Suske Vice-President, TalentMap Financial Group Deloitte & Touche LLP Capital Management EMBA ’09, Colin Bogar, HBA ’05, Hugh McMullan, Janet Winkler, HBA ’82, Wealth Advisor, BMO MBA ’08, Managing President, In-Sync Director, MGI Pacific Nesbitt Burns

(*Indicates members who stepped down during 2011.)

2011 ANNUAL REPORT — 47 Contribute to Tomorrow Lifetime Giving Recognizing Ivey’s most generous supporters who have given the School $25,000 or more cumulatively. This list reflects lifetime giving to Ivey as of December 31, 2011.

$10,000,000+ Harry Rosen Inc (Larry Rosen, Geoff Gudewill, MBA ’83 Dr Francesco Bellini Jarislowsky Foundation Carol Stephenson, O.C. LLB/MBA 82) Nick Gudewill, MBA ’74 Biogen Idec Canada Kao Ying Lun, John, HBA ’76 Barbara G Stymiest, HBA ’78 Dr Henry Cheng, Suncor Energy Foundation HBA ’71, MBA ’72 Peter Gudewill, HBA ’73 Betty & The Late Bruce Roland T Keiper, HBA ’82 Suncor Energy Inc Donald L Triggs, MBA ’68 Birmingham Richard M Ivey Family Sam Gudewill, HBA ’77 Joanne & Peter Kenny, MBA ’57 Glenna & Richard Talbot, & Ivey Foundation Kathleen & Bill Troost, MBA ’75 Debra and Brian Heald, Boston Consulting Group Gerald L Knowlton, HBA ’54 HBA ’86, MBA ’91 MBA ’85 David Braley Kraft Foods Inc Chris G Tambakis, HBA ’86 $5,000,000 to $500,000 to Lana & Tim Hockey, EMBA ’97 Thomas H Brent, HBA ’59 Louis Lagassé, MBA ’73 The Late Lawrence G Tapp MBA ’83 $9,999,999 $999,999 HongKong Pei Hua Ronald Bresler, Nicole & Gilles Lamoureux, TELUS Corporation Education Foundation Burgundy Asset MBA ’66 Michael G Tevlin, HBA ’81 Anonymous ING DIRECT HSBC Bank Canada Management Ltd Landmark Communications Susanne & Martin Thrasher, MBA ’72 Pierre L Morrissette, MBA ’72 John Adamson, S W Eddie Law, HBA ’91 Christopher M Burley, MBA ’87 Foundation HBA ’73 J Armand Bombardier Stephen D Lister, MBA ’85 Alice & Grant Burton, MBA ’68 Pierre Lapointe, MBA ’83 TMX Group Foundation Medtronic of Canada Ltd Stewart C Burton, HBA ’81 Dr Michiel R Leenders, MBA ’59 Torys $2,000,000 to Canadian Pacific Ltd National Bank Financial Audrey & Donald Campbell Betty-Anne Lindsay, MBA ’81 Serge Turko, MBA ’87 $4,999,999 G Mark Curry, MBA ’69 Markets Foundation & Tom Lindsay, MBA ’81 George B Turnbull, HBA ’49 Anonymous Ernst & Young LLP Kevin O’Leary, MBA ’80 Laurie Campbell, MBA ’89 Terry A Lyons, MBA ’74 Valeant Parmaceuticals Anonymous The Late William H Fuller, Jeffrey Orr, HBA ’81 Canadian International Tim MacDonald, International Inc Anonymous MBA ’61 & Suzanne Legge Development Agency HBA ’81, MBA ’88 Mr & Mrs F Peter von The Ralph M Barford The Globe & Mail Gilles G G Ouellette, Ciba-Geigy Canada Magna International Inc Muralt-Lo Foundation Goldman Sachs Group Inc HBA ’69, MBA ’70 Robert A R Clouston, MBA ’72 Manulife Financial Corp David J Walker, MBA ’58 BMO Financial Group MBA ’67 Donald K Jackson, PricewaterhouseCoopers LLP Scott Cooper, HBA ’82 Maple Leaf Foods Inc W Garfield Weston Canadian Tire Corporation Ltd MBA ’73 Michael M Kanovsky, Bruce H Reid, MBA ’64 George A Cope, HBA ’84 Chris R Matthews, MBA ’72 Foundation Corus Entertainment MBA ’79 David Kassie, Richardson Foundation Bea & Purdy Crawford Chris & Michael McCain, Michael A R Wilson, HBA ’90 Great-West Life, London Life & Susan Harris, MBA ’82 Roman Corporation Ltd Carolyn M H Cross, HBA ’84 HBA ’79 Libby & Charles Winograd, & Canada Life Daniel Lam, EMBA ’00 MBA ’71 Richard E Rooney, MBA ’81 Simon Tin-Yin Cua, EMBA ’05 The Honourable Margaret Carol & Paul Hill, MBA ’69 Heather & Fraser Latta, McCain & The Late The Shlesinger Family James B Cumming, HBA ’73 Ian Ihnatowycz, MBA ’82 HBA ’76 Wallace McCain W Keith Smith, MBA ’60 Janet De Silva, EMBA ’94 $50,000 to $99,999 & Marta Witer Lee Foundation Steve McDonald, MBA ’83 Society of Management Ivey Alumni Association Nelson M Davis Trust Fund Anonymous MacLean Hunter Ltd Accountants of Ontario McKesson Canada Toronto Chapter George S Dembroski, HBA ’56 Anonymous Nanyang Business School Maria Smith & Eric Tripp, McKinsey & Company The Late R Jack Lawrence Darin Deschamps, HBA ’87 Anonymous Nortel Networks Corporation MBA ’83 MDS Inc Jon Love, HBA ’76 & Nancy & Lisa Deschamps, HBA ’87 3M Canada Company Paul Sabourin, MBA ’80 The Late Brigadier F C Wallace Michelle & Patrick Meneley, Yeomans Love, HBA ’76 Paul Guy Desmarais Shaw Communications Inc & Vera Isobel Wallace MBA ’90 A T Kearney Ltd Paul R MacPherson, MBA ’63 Daniel A Devlin, HBA ’81 William Shurniak Mark Wellings, MBA ’96 Merck Frosst Canada Inc Wayne D Adlam, MBA ’86 Power Financial Corporation Eli Lilly Canada Inc The Late Harry R Yeandle Gale & Bill White, MBA ’69 Mical Equities Ltd John Akkerman, MBA ’87 RBC ERA Foundation W C Wood Foundation The Jean C Monty Family Alberta Performing Arts C John Schumacher, MBA ’84 Dr & Mrs Geno F Francolini, Stabilization Fund Michael Needham, MBA ’68 Scotiabank $250,000 to HBA ’54 ArcelorMittal Dofasco Inc $100,000 to Nesbitt Family, HBA ’78 TD Bank Group $499,999 General Motors of Canada Ltd Yvonne & Ross Archibald, New World Development $249,999 Gilead Sciences Canada Inc HBA ’58 AstraZeneca Co Ltd GlaxoSmithKline Inc Jean L and Walter R Badun, E Scott Beattie, Anonymous Michael & Margot Phair/Phair $1,000,000 to DBA ’55, MBA ’57 HBA ’81, MBA ’86 Anonymous Peter & Shelagh Godsoe Family Foundation $1,999,999 Barrick Gold Corporation Robert V Brouillard, MBA ’66 Anonymous Ken R Good Family Pelmorex Media Inc Bill & Anne Brock Family, Alexander F L Chan, HBA ’78 Abitibi-Price Inc Robert J Gorman, MBA ’77 Brett E B Barakett, HBA ’88 MBA ’63 Petro-Canada Inc Deborah Barrett, HBA ’80 Sylvia D Chrominska, HBA ’75 Accenture Inc Denyse Chicoyne & Serge Picchio International Andy Chisholm, MBA ’85 Gouin, HBA ’65, MBA ’66 & Jim Leech Citigroup Inc Wendy Adams, HBA ’82, MBA ’86 Pierre Pomerleau, MBA ’89 CIBC & Citibank Canada MBA ’86 Laura Hantho, MBA ’89 Bell Canada & Wade Oosterman, PreMD Inc Brendan R Clouston, MBA ’79 Lisa Colnett, HBA ’81 & Jon Hantho, MBA ’89 Michael Bernstein, MBA ’96 Adobe Corp C James Prieur, MBA ’75 David W Cornhill, MBA ’80 & Nan Dasgupta, MBA ’96 John R Currie, HBA ’60 HBA ’87 Todd Hargarten, MBA ’93 Ian Aitken, Procter & Gamble Inc John A K Francis, HBA ’86 & Sarah Morgenstern, Zena & John Besterd, HBA ’78 Deloitte Gwen Anders, HBA ’47, MBA ’48 MBA ’93 The Purchase Family The Better Hong Kong Donald K Johnson, MBA ’63 John Dobson Foundation Angiotech Pharmaceuticals Inc HBA Association Dipak Rastogi, MBA ’82 Foundation KPMG Enterprise Export Development Canada MBA ’85 Donald F Archibald, Timothy Hodgson, MBA ’88 Hartley & Heather Richardson Bombardier Inc Arkadi Kuhlmann, Farm Credit Canada Paul J Atkinson, HBA ’86 HBA ’71, MBA ’72 & Linda Netten Randy B M Royer, HBA ’77 Thomas Bradley, MBA ’83 Margaret & Jim Fleck, HBA ’53 Nora Aufreiter, HBA ’81 Lonsdale Holland, MBA ’57 & Lori Lothian The Albert & Temmy Latner S C Johnson & Son Ltd Ford Motor Company of & Lawrence Pentland, Family Foundation Verna & Tom Howard, MBA ’72 Kishore K Sakhrani, MBA ’83 John Bragg Canada Ltd HBA ’81 Lee Foundation Colin L Hubling, HBA ’53 Larry A Shaw, HBA ’62 Judy & Murray Bryant Foundation Western Tom Bailey, MBA ’62 MBA Association IBK Capital Corp J Judd Buchanan, MBA ’55 & Alumni Western Bain & Company Canada Inc John H Simpson, HBA ’76 Eugene & Lori Melnyk IBM Canada Ltd Brent C Buckner, MBA ’95 The Late Travers C Fox Thomas K Barber, MBA ’79 Paul B Spafford, MBA ’76 William J Jandrisits, Business Families Foundation PMAC Canada George Weston Limited Staffen Family Bayer Inc HBA ’83, MBA ’90

48 — 2011 ANNUAL REPORT Camco Inc Don MacDonald James R Alexander, MBA ’69 The Late Gilbert C The Late Wallace McCain Bruce M Shirreff, Colleen Campbell, HBA ’80 Macquarie Capital Markets Ltd Alumni Computer Group Ltd & Margaret Clarke Rosemarie McClean HBA ’74, MBA ’77 & Stuart MacGregor, MBA ’79 Peter T Main, HBA ’64 William D Anderson, HBA ’72 Endla & John Gilmour McCormick Canada Inc Curt Sigfstead, MBA ’97 Foundation & Lara K Witter, MBA ’97 Yolanda & David Campbell, Maple Leaf Capital LLP G F Kym Anthony, MBA ’80 Donald & Marion McDougall, HBA ’93 Gluskin Sheff & Associates Alastair W Sloan, HBA ’86 Jack H Matthews, MBA ’83 David S Anyon, EMBA ’97 MBA ’61 Paul F Campbell, MBA ’90 Alex E Graham, MBA ’89 Dr Ian A Sloan Craig P Mayor, HBA ’73, MBA ’76 Hugh D Babowal, MBA ’97 Raymond McFeetors Castlepoint Investments Inc Sheldon Greenspan, HBA ’90 Keith Smith, MBA ’75 Robert G McFarlane, MBA ’85 Bruce Barker Stephanie & Ian McLagan, Shody Chow, MBA ’69 Douglas Greaves, HBA ’72 MBA ’92 Spin Master Ltd Doug McGregor, Andrew W Barnicke, HBA ’83 Kathleen & Ron Close, HBA ’81 The Late William Bell Grieves Tim McGuire, HBA ’83 Andy & Helen Spriet HBA ’79, MBA ’82 BC Hydro The Berdie & Irvin Cohen Peter Grosskopf, Steven N S McMurray, HBA ’80 Richard Stephenson, MBA ’93 Natalie MacLean, MBA ’92 Dr Paul W Beamish, Fund for Doctoral Business HBA ’87, MBA ’90 & Andrew Waitman, MBA ’92 HBA ’76, PhD ’85 The Late Ted Medland Lorne M Stone, MBA ’68 Scholarship Gregory Guatto, HBA ’90 Merrill Lynch Canada Inc Jalynn H Bennett L Jacques Menard, O.C., Stephen A Suske, MBA ’77 Mark M Cowie, HBA ’80 & Tracy Guatto, Paul J D Miller, MBA ’84 MBA ’70 Lawrence Tanenbaum Robert G. Bertram HBA ’90, MBA ’95 Robert D Crockford, HBA ’70 Maggie & John Mitchell, Monitor Company James A Bertrand, MBA ’83 Ronald E Taylor, MBA ’71 Patrick G C Crowley, HBA ’74 Keith R Halpenny, HBA ’55 MBA’ 78 Marti Morfitt, HBA ’79 Teck Resources Ltd Austin C Beutel Jean & Ken Harrigan, HBA ’51 Mark Cullen, MBA ’71 & Patrick Weber David Montanera, Dr Francesco Braga Tembec Inc Richard J Currie Geoffrey Haydon, HBA ’87 HBA ’84, MBA ’88 Morgan Stanley Canada Ltd Paul A Thomas, HBA ’85 Andre M Boysen, EMBA ’99 Daniel Hebert, MBA ’81 Philip F D Moorcroft, MBA ’97 Don Darroch, HBA ’73 Lenny Moy, MBA ’84 Dr H B Brent, MBA ’89 Melinda & John Thompson Tim Dattels, HBA ’80 Mark Herman, MBA ’84 Hugh Morris, HBA ’53 Paul E Moynihan, MBA ’92 & Julie Norton Tim Hortons Inc & Kristine Johnson & Jan Herman, MBA ’84 Jane & Roger Mortimer, The Wesley & Mary Nicol James Brodeur, MBA ’62 Hicks Morley Hamilton MBA ’86 Toppan Forms (HK) Ltd Gillian H Denham, HBA ’83 Charitable Foundation & Stephen O Marshall Charles W Brown, MBA ’83 Stewart Storie LLP Guff Muench, MBA ’81 TorQuest Partners Nortel Networks (Asia) Ltd Steve Dent, MBA ’89 Perry Caicco, MBA ’83 Gerald Hipple, HBA ’59 Sean C V Mullin, HBA ’84 Joseph Tse, MBA ’87 Alexandra & Robert Nourse, & Janet Maclaren, MBA ’89 Cameron H Calder, HBA ’53 Asiff Hirji, MBA ’92 Mme & M Jean Turmel MBA ’64 Wendy Murdock, MBA ’82 Alexandra & Camillo di Caldwell Partners Holcim (Canada) Inc Wesley R Twiss, MBA ’72 NUCRO-TECHNICS Paul Murray, HBA ’54 Prata, MBA ’87 International Inc Donald C Hoffhine , MBA ’74 Mary & Barry Ullett, HBA ’75 Onex Corporation Andrea & Kevin O’Brien, Jeff Dossett, HBA ’83 Capital C Home Depot Inc HBA ’93 Unilever Canada & Sue Dossett, MBA ’84 Osler Hoskin & Harcourt Ron Charles, MBA ’71 Tony J Horak, MBA ’75 Oliver Wyman Vale Kirsten Feldman, MBA ’84 Gordon Perchthold, MBA ’91 W John Charman, MBA ’70 Robert Hubling, HBA ’53 Robert Olsen, MBA ’88 Teresa & John Vander Barbara Fraser, HBA ’71 William J Quinn, HBA ’81 Sanjib Choudhuri, MBA ’72 Horst E Hueniken, MBA ’87 Allan Olson, MBA ’65 Hoeven, HBA ’74 & Ian Fraser, HBA ’71 Research in Motion Wilson Choy, HBA ’79 Investors Group Inc The Late Earl & Marion Orser Ben Varadi, HBA ’94 Bruce R Gall, MBA ’69 Barbara & Cedric Ritchie C David Clark, MBA ’66 Ivey Alumni Association Nicholas W Paine, HBA ’83 Adam Waterous, HBA ’84 Jim Gallagher, MBA ’79 Pierre Rivard, MBA ’83 C Greig Clark, HBA ’74 Calgary Chapter J Bruce Pearson, MBA ’58 Annette & Michael White, General Electric Canada Inc & Catherine Paquet MBA ’00 Daniel R Coholan, MBA ’87 Terry A Jackson, MBA ’73 Neil & Leanne Petroff General Mills Canada Inc RLG International Scott Wilson, HBA ’81 Coinamatic Inc James Richardson & Sons Ltd Paul K Pew, HBA ’87 Gerald Schwartz & Heather Harry & Evelyn Rosen & Jacqueline Wilson, HBA’ 81 Concordia Insurance Corp Pamela Jeffery, Reisman Foundation Peter Samson, HBA ’87 Michael Phelps HBA ’84, MBA ’88 Women in Capital Markets Robert W Gibson, MBA ’87 & Cathy Williamson, HBA ’87 Connor Clark & Lunn Financial Ron A Plashkes, HBA ’80 Group Darlene & Perry Jeffery, David T Wong, MBA ’79 Lawrie Savage, MBA ’73 Prudential Assurance Janet C Griffin, MBA ’88 & HBA ’79 John D Crabb, HBA ’66 David Wright, HBA ’83 Jock W MacDonald, MBA ’88 Michael C Shannon, MBA ’83 Company Brian R Jones, MBA ’74 Jessie & Larry Wynant, MBA ’72 Karen A Crich, HBA ’92 Michael W Pun, HBA ’89 Edward J Gudaitis, MBA ’93 Peter Sharpe & Karen L Weaver-Jones Ming-Kong Yu, MBA ’71 Art Crooks, MBA ’63 Bill Quinn, HBA ’85, MBA ’89 Doug Guzman, HBA ’88 Mrs Lorraine Shuttleworth Brian W Jones , HBA ’74 Thomas R B Zeeb, HBA ’86 & Sheila Brown Dann Cushing, HBA ’00 Anton R Rabie, HBA ’94 Lino (Lee) Sienna, HBA ’74 Glenn Jones, HBA ’68 R Keith Harfield, HBA ’70 David P Dal Bello, HBA ’90 Robert S Rawlings, HBA ’51 Peter Simon, HBA ’86 Peter J Karrys, MBA ’90 Michael B Hill, HBA ’89 Kevin Dalton, HBA ’90 Tasha & David Rawlings, Douglas E Speers, MBA ’70 Wendy MacKinnon-Keith, David Holmes, HBA ’73 & Kelley Dalton, HBA ’90 HBA ’96 Stockgroup MBA ’89 La Fondation De Gaspe Douglas M Reid, HBA ’58 The Hopper Family Edward Kennedy, HBA ’81 The Late Elizabeth Beaubien Jim Hunter, MBA ’76 Stanley Sullivan & Stella Kennedy, HBA ’81 Rob Richards, MBA ’70 & Heather Hunter, MBA ’76 Dominic D’Alessandro, O.C. Karen J Taylor, MBA ’92 Richard L Knowles, HBA ’73 Robyn & Gordon Ritchie, Hydro One Networks Paul Derksen, HBA ’75 MBA ’77 Sun Life Financial Marisa Kwok, HBA ’77 Imperial Oil Ltd Cynthia J Devine, HBA ’87 Russel Robertson, HBA ’69 Olga & Sergei Tchetvertnykh, A Craig Lahmer, MBA ’74 Navjeet Dhillon, EMBA ’98 Lisanne & Jim Rogers, MBA ’90 John G Inch, HBA ’91 MBA ’94 Gordon Lackenbauer, MBA ’68 Dino A DiCienzo, HBA ’87 J D Irving Ltd Gareth Turner, MBA ’91 & Joyce Trapp Bruce Rothney, MBA ’89 & Lisa David S C Dobell, MBA ’89 Rothney, HBA ’85, MBA ’89 Doug Irwin, MBA ’81 Valford Holdings Ltd Douglas M Lambert, & Margot Jones, MBA ’82 Thomas Ebbern, MBA ’89 HBA ’69, MBA ’71 Rothmans Benson & Hedges Anthony von Mandl Franklin G Jacobs, MBA ’76 Izzeldin A Elkhazin, Claude & Lorraine Lamoureux John A Rothschild, MBA ’73 Michael E Wexler, HBA ’93 The Late Edwin R Jarmain, HBA ’71, MBA ’72 LEADER Project RSM Richter LLP Mark Whitmore, MBA ’91 HBA ’32 Sarah Abell Evans, HBA ’81 Steve Lear, HBA ’80 Salomon Smith Barney Inc Donald Woodley, MBA ’70 C B Johnston Family Exxon Energy Ltd Mark J Lewis, HBA ’91 Harolde Savoy, MBA ’84 Ray G Young, HBA ’84 Edward J Kernaghan, HBA ’65 Rhys T Eyton, HBA ’58 Lee Seng Wee, MBA ’54 Michael S Schwenger, HBA ’74 Lan Kwai Fong Holdings Ltd Federation of Chinese Anne McMaster & Frederic Paul Seed Canadian Professionals Claudette C MacDonald & $25,000 to $49,999 Lesage, MBA ’01 Alan G Sellery, HBA ’87 (Ontario) Education Donald J MacDonald Anonymous Thomas & Rosemary Logan Foundation Brian & Heather Semkowski Bruce Ling, MBA ’79 Anonymous LoyaltyOne Family Foundation Fleck Manufacturing Inc Robert W Luba, MBA ’67 Anonymous Maxine MacLure, MBA ’80 C Richard Sharpe, HBA ’50 Jean-Louis Fontaine, MBA ’77 Anne & Jay MacAulay, MBA ’71 Anonymous Christine A Magee, HBA ’82 Heather Shaw, MBA ’87 William J Furlong, MBA ’87 Hugh MacDiarmid, HBA ’74 Anonymous David L Mayhew, HBA ’74 Donald R Sheldon, MBA ’69 Steven Yaron Garmaise, Anonymous MBA ’83 Scott McCain

2011 ANNUAL REPORT — 49 Contribute to Tomorrow MBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

MBA 1947 MBA 1958 MBA 1962 Bill & Doreen Magyar MBA 1968 Other Annual Fund Blake Sherman Contributions Herbert Ballantyne Ivey Society, Deans’ Circle Ivey Society, Patron Bud Tangney Ivey Society, Deans’ Circle Anonymous Lawrence Martello David J Walker James Brodeur Robert Brooks Donald A Anderson Other Annual Fund Ivey Society, Benefactor Gordon Lackenbauer & Joyce Michael J Butler Contributions Martin Farnsworth MBA 1965 Trapp Joseph Courtright MBA 1950 Anonymous Miguel Fernandez Michael Needham David Dolman Francois Bechard Don Badke Peter B Reid Ivey Society, Patron David Edwards Ivey Society, Benefactor Sidney Horovitz George Fenwick John Seagram Lorne Stone Gerald Fallon Moffat R Hill Kevin Larkin William West Gerald Goldenberg Other Annual Fund Michael Maher Ivey Society, Benefactor Gerald Beasley Gilbert R Mackie Contributions A Bruce McDonald Anonymous William McCallum MBA 1952 Joan E Nolting Other Annual Fund MBA 1959 Andrew Billingsley Contributions Lyall McCurdy Richard Carr Dave Preston C G Davidson Anonymous Donald Milner James McGinn Ivey Society, Deans’ Circle Guy Tourillon Ronald Beath Dr Michiel R Leenders Hemendra Desai Christopher Phillips James B Donaghy Terrence Bedard George Ratner Other Annual Fund Ronald Browne MBA 1953 Contributions Thomas Foulkes MBA 1966 Peter Rhodes Peter Bell Robert Gibson Allan Chartrand 45th Reunion Social Ivey Society, Benefactor Gilbert Berringer Paul Turner Michel David Donna & Fred Berlet Committee: Casper Bloom Jean Elie MBA 1971 Robert V Brouillard Hugh Goodwillie Garth Giles Total: $36,505 Ivey Society, Founders’ Robert Keller Ronald Lane MBA 1963 Participation: 13% MBA 1954 Circle Kerin Lloyd Donald Mallory Ivey Society, Founders’ Robert V Brouillard Ivey Society, Founders’ Theodore Metzing Ivey Society, Patron John St C Ross Circle Denyse Chicoyne & Serge Circle Peter Seybold Lee Seng Wee Patrick Rourke Donald K Johnson Gouin Libby & Charles Winograd Robert Simpson Other Annual Fund James Streeter Ivey Society, Patron Nicole & Gilles Lamoureux Ivey Society, Deans’ Circle Yves Trepanier Contributions Jack Wood Art Crooks Other Annual Fund Mark Cullen Harold Mandel Ivey Society, Benefactor Contributions Ivey Society, Benefactor William A Fast Burke Corbet MBA 1969 Bruce Burgess MBA 1960 Sydney McMorran Edward Keeping Phillip Gooch MBA 1955 Pierre G Lesperance Bruce Graham Ivey Society, Founders’ David Tarr Ivey Society, Founders’ Ivey Society, Founders’ Circle Other Annual Fund Bernard Matte Circle Winston Ho Fatt Circle W Keith Smith Contributions David Rumpel G Mark Curry Ian Mackay J Judd Buchanan Terry Trecarten Carol & Paul Hill Other Annual Fund Marc Besso Ronald E Taylor Gale & Bill White Other Annual Fund Contributions Cam Davreux Jim Wyse Other Annual Fund Contributions John G Chamberland John Dick Other Annual Fund Contributions Mohindar Gill Larry Duncan Richard Farr Contributions Anonymous Arthur Grunder Nandlal Harsora MBA 1967 David Betts Ian Brooker Lynne & Paul McCrea Peter Knoepfli Jacques Bourgeois Georges L Hebert MBA 1956 Ivey Society, Patron Shody Chow John Mustard Brian K Laxdal Robert W Luba Rudolf Janzen George Fowlie Bruce Campbell Vernon Nelson Robert McElhinney Carol & John Kittredge Ivey Society, Benefactor Douglas Gameroff Keith Ham Lynn & Len Pakulak Lawrence Organ Anonymous Karl H Lubbe John Malcolm Leslie Ham Bill Pretsch Derek Rance Glenn A Miller Other Annual Fund James Ridler David McPhillips Murray Moss Robert McLaughlin David Scott Contributions George Suart John Thompson George Schroeder Pierre Boulanger Steve Plumley Richard Clark MBA 1970 Peter Tillich Robert Connochie Stephenson Wheatley MBA 1957 MBA 1961 MBA 1964 Marc Delisle Centlass Ag : Rob Richards Ivey Society, Founders’ Anonymous Ivey Society, Founders’ Charles Dillingham Ivey Society, Founders’ MBA 1972 Circle Ralph Addison Circle Patrick Ellwood Circle Gilles G G Ouellette Joanne & Peter Kenny Colin R Barclay Robert Nourse James A Erskine Total: $52,486 Douglas Speers Ivey Society, Benefactor Lawrence Burpee Ivey Society, Patron Jerome Gendron Participation: 13% Norman Alexander Andrew Durnford Janet & Douglas Davis Lawrence Goelman Ivey Society, Deans’ Circle Ivey Society, Founders’ Bill Cameron Barbara & Andrew Grindlay L Karl D Hinds Ivey Society, Benefactor Charles Golfman Circle George Guy Dr & Mrs John A Humphrey Donald Betts Douglas Grant Michael Mogan John Adamson Donald Woodley Henry Cheng Other Annual Fund George W Lange Jeanne & David McCutcheon Bob Hasler Contributions Kevin McAllindon Robert Miller Howard Leigh Ivey Society, Benefactor Sanjib Choudhuri Stephen R Brown Tom & Verna Howard Douglas Allen Donald Whitmore Other Annual Fund John Tilley Robert Fielding Contributions Edwin Dodge Arkadi Kuhlmann

Barry Holt Robert Bryce Rob Richards Ivey Society, Benefactor Donald Lee J Allan Finlayson W James Skelton Gary Davis Archie Wilkinson Pierre Lepine

50 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

$5,000–$9,999 $100–$999 Deans’ Circle The First Decade Society $2,500–$4,999 Patron

Other Annual Fund Michel Charbonneau Other Annual Fund Other Annual Fund Maide Yazar MBA 1982 Contributions James Coristine Contributions Contributions Jill & Kevin Yousie Anonymous Foek-Ning Chan Deborah Ambrose Total: $88,125 Luc Fagnan Other Annual Fund Ross Burkett Thomas S Gifford Michael Dunphy Jacques Breton Contributions Participation: 17% John Frost Robert Hart H Bernhard Geiger Glenn Giles Bill Blake Ivey Society, Founders’ Gary Gorman Richard L’Heureux James Gellman Don Kester Gordon Currie Circle Susan Harris & David Kassie Neville Grant George MacDonald Stephen Holtzkener Richard Markus Paul A Farkas Ian Ihnatowycz & Marta Witer William Jenkins Denyse Mackey Rejean Landry Bob Mison William C Farquhar Doug McGregor R Andrew Johnston Alan Small Christine C Lengvari Randolph Ottenbreit Richard Henson Harry Rosen Inc (Larry Rosen, Jacques Lapare Robert von der Porten Gerald Mazin Hendrik Sire Marc Lapointe LLB/MBA) David Minuk Louis Zanibbi Paul McKnight James Smith Jacques Lepage David Mitten Gerald McLeod Sprung Investment Betty McCamus Ivey Society, Benefactor Management Inc Anonymous Francois Sauriol William H McNeil Gordon O’Neil Mr & Mrs Tung Deborah D’Arcy Stephen Steinberg MBA 1975 George C Reifel Rammohan Pisharodi Ross Vermilyea Eric Skillins Alex Turnbull Michael De Santis Centlass Ag : Tony Horak Hugh Ralph Scott Wilton Paul Stevenson Philip Weinstein David J Dulal-Whiteway Total: $11,775 Halina Sandig Penny Thomas John Fursey Participation: 11% David Mullen MBA 1973 Ivey Society, Patron MBA 1979 MBA 1981 Wendy Murdock Tony Horak M BA 1977 Centlass Ag : Cameron Stephen R Peacock Total: $24,810 30th Reunion Social Ivey Society, Benefactor Turner Participation: 10% Total: $11,250 Committee: Other Annual Fund Gary Comerford Total: $23,927 Participation: 12% Marc R Beaulieu, Geoffrey A Contributions Ivey Society, Founders’ Robin Dow Participation: 8% Anonymous Circle Brock, David Browne, Patti Keith Smith Ivey Society, Patron Bunston-Gunn, Denis Ho Anonymous Michael M Kanovsky Ian Bruce Ivey Society, Founders’ Other Annual Fund Circle Fundraising Committee: Anonymous Ivey Society, Deans’ Circle Contributions Ivey Society, Benefactor David Kassie & Susan Harris Doug Irwin, Tom Lindsay, Anonymous Lawrie Savage Linda Chan Anonymous Richard E Rooney Anonymous Barry Gales Ivey Society, Deans’ Circle Ivey Society, Patron Anonymous Gregory Guichon Total: $288,150 Anonymous Susan & John Bowey David Armstrong Robert Gorman Participation: 14% Ivey Society, Patron Anonymous Ivey Society, Benefactor Jim Bonny Bruce M Shirreff Anonymous Ivey Society, Founders’ Serge Bourassa Paul H Benjamin Pamela & Donald Steele John Donelan Circle Susan Davies Ivey Society, Benefactor Terry A Jackson Stuart Essery Betty-Anne & Tom Lindsay Other Annual Fund Jim Gallagher Armand Des Rosiers Bob Schram Winifred Fafard Leathers Contributions Richard E Rooney Cameron J Turner David Elgie Gord James Anonymous Other Annual Fund Eric Vengroff Ivey Society, Deans’ Circle Sheila & Paul Elworthy Philip Adams Contributions Roger Lace Doug Irwin & Margot Jones Stephen Hecht William Band Richard Brown Other Annual Fund Michael R Levine Clifford McCracken Contributions Nasrullah Jinnah James B F Cripps Robert Martin H Allan Conway Mark Dickman David McGraw Gregory P Kowal Marshall R Egelnick Brian Evans James B Milway Timothy A Godfrey Guff Muench Aly Lalani Robert Henderson Brian Phillips Ralph Furness Ron Handford Ivey Society, Patron Barbara Mathies Rob MacKenzie John Pysklywec Brian Higgins Cornelius Janzen Patti Bunston Gunn & Stephen Mike Moroz Paul Mirsky Mark Sklar Ben Lank Gunn Hans O Klohn Jacqueline Orange Rigby Whitty Kent Young George Lyttle Ron Lalonde Ivey Society, Benefactor Andrew Parkes & Bill Parkes Peter Yanofsky Bill MacDonald Suzanne & Doug Carty Daryl D Logan William Prescott Tony McCormack Buzz Grant Leslie & Guy Nelson Beth Roemmele Hemstad MBA 1976 Aldene H Meis Mason Malcolm W Hamilton Lana Phair-Sutherland Amos Simpson MBA 1974 George Russel 35th Reunion Social Lyle Kerr & Valerie Millen Total: $32,782 Committee: Francois Vary Janet & Michael Norris Participation: 12% Elaine Frost, Terry McLeod Arthur Watson MBA 1980 Karen L Spaulding (Murphy) MBA 1983 Total: $40,941 Peter Spruce Ivey Society, Founders’ Total: $45,310 Total: $219,059 Circle Participation: 12% Alex Tye Participation: 23% Anonymous MBA 1978 Participation: 12% Ivey Society, Founders’ Michael Weber Ivey Society, Founders’ E Nicholas Gudewill Circle Total: $11,248 Ivey Society, Founders’ Doug Wonnacott Circle Heather & Jim Hunter Participation: 10% Circle Ivey Society, Patron Anonymous Other Annual Fund Ronald Bresler Bob Stuebing Franklin G Jacobs Ivey Society, Deans’ Circle David W Cornhill Contributions Charles W Brown Thomas Krizsan Ian Shiu Sai Cheung Jann Ashley Ivey Society, Benefactor Kevin O’Leary Geoffrey Gudewill Charles Crump Paul B Spafford Paulo Bergamasco Ivey Society, Benefactor Paul Sabourin Roland Horst Kay & David McNamara Martin Braun Ivey Society, Benefactor Matthew S Hannon Pierre Lapointe Robert Zittrer Michael Boyd & Shelagh Jeffrey & Elaine Hertz & Ivey Society, Benefactor Rick Dembicki Peter M Conrod, CMA Jack H Matthews Donovan Family Mike Lam Other Annual Fund Randy Fretz Steve McDonald Contributions John Coombs R Ian Lennox Michael L Langstaff Maxine MacLure Kishore K Sakhrani Anonymous Seong Heen Gooi Maggie & John Mitchell Gregory Marlatt Nancy McInerney-Lacombe Maria Smith & Eric Tripp John Alton Terrance W O’Grady Derrick R Sloan Dan Nixon Andrew Bland F Gregory Thompson Robert D Snowdon Craig Shannon

2011 ANNUAL REPORT — 51 Contribute to Tomorrow MBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Ivey Society, Patron Other Annual Fund Richard J Pendrill MBA 1987 Ivey Society, Benefactor Thomas E Birch James A Bertrand Contributions Michael Reed Anonymous Robert Blais Douglas Richmond Anonymous Andrew Ringvee Total: $96,285 Graham Carter Ted Bonertz Bill Boswell Ivey Society, Benefactor Bob Shustack Participation: 19% Pamela Jeffery Ellen Briant & Christopher Anonymous Duncan E Campbell Richard Smith Ivey Society, Founders’ Don MacDougall Vyse Susan Abbott David Carroll Thomas Trainor Circle Charles MacQuarrie BGen Linda Colwell Alexandra & Camillo Di Prata Deb & Jeff Bacon Jay W Charles Ron B Wild Christianne Paris Pierre Desjardins Martin Granner Robert W Gibson Paul Ballinger Elliot Wilkinson Other Annual Fund David S C Dobell Michael Binette Dr Andrew Inkpen Ivey Society, Deans’ Circle Contributions Richard H Dobson Bradley Bourne Anne Lamont John Akkerman Anonymous Susan Doughty (Little) Perry Caicco John MacDougall MBA 1986 Dan Coholan Anonymous Sheila Duncan Ken MacKinnon William J Furlong Steven Beal Eiichi Fukuda Janet & Roger Dickhout 25th Reunion Social Douglas Harman Hylda & Tony Martin Committee: Ivey Society, Patron Robert Blair Robert Gardner Paul C McCabe Robin Hibberd Michael Bolitho James Gilliland Other Annual Fund Catharine V Arnston, T Contributions Edward McHugh Wayde Crawford, Kenneth M Ivey Society, Benefactor Mike Bruce & Lorraine Trotter Nicole C Goodfellow Anonymous Rosemary (Schauf) Pahl Frankum, David G Southen Grant S Berry Cathy M Buchanan Alex E Graham Anonymous Lynda Parks Sahadat Fundraising Committee: Brad Boyle Kevin H Campbell Michael J Greenberg Hany Assaad Sandra Rosch Wayne Adlam, Jean-Charles Michael Kline Bob M Chown James Henderson Angers, Philip Hunt, David S John Beamish Blair A J Shier Martin Loken Christopher Connolly Margot Howard & Peter McCann, Roger J Mortimer, Brian F Smith Ballantyne Ronald Benes Derek Murphy, Joe Shlesinger Valerie Millen & Lyle Kerr Martin Fafard & Angela Olsen Scott Tapson Robert Izsak Dr Les Bowd Total: $243,650 Dan O’Byrne Paul Fisher Lorraine Trotter & Mike Bruce Philip T King Laurie Dunk Participation: 17% Filip Papich Steven Galezowski Jeannette A Eberhard Henry Vehovec & Ann Louise Gordon Pearce Jay Goldman Gregory Kocik Ivey Society, Founders’ Vehovec Jon Kerr Robert LaJoie Paul & Sheila Elworthy Circle Carmen M Piche Christopher Vyse & Ellen Ian Macdonell Steven Yaron Garmaise Wendy Adams & Wade Ann E Watson Diane Moldaver Briant Tim Henry Oosterman Jane Osoko Gadi Meir Peter Waugh Other Annual Fund Tom Jesty E Scott Beattie Contributions Mary Robertson Laura M Mizzen Robert Yanowski Matt Lawton Derek Murphy Anonymous Rob Spence Angela Olsen & Martin Fafard Thealzel Lee The Shlesinger Family Anonymous Peter Szoke Glen Orsak & Margo Hoyt Steven E Petersen Paula & Jonathan Lexier MBA 1985 Ivey Society, Deans’ Circle Anonymous Gregory P Vitali Edward Li Ian de Verteuil Anonymous Nancy White Kurt Ritcey Chun P Ling & Patricia S T Ling Total: $46,592 Jane & Roger Mortimer Anonymous Russell Robson Patrick Lu Participation: 17% Jacques Nolin Paul Badeski Douglas Stirling Jeff Bayne MBA 1989 Carol Trattner Pauline F Malley Ivey Society, Founders’ Ivey Society, Patron John Welton Ian McNeil Circle Wayne Adlam Julianne Berger Centlass Ag : Laurie Donald F Archibald Lennox Parkins Jim Arsenych Paul Birch Campbell Jane Zoeger Debra & Brian Heald Catherine Ralston David S McCann Christopher Dawson Total: $66,681 Stephen D Lister Gary Svoboda Paul Szczucinski Michael J Denny Participation: 23% Ivey Society, Benefactor Gerry Fenwick MBA 1990 Jay Switzer Ivey Society, Benefactor Ivey Society, Founders’ Susanne & Doug Berk Christine Winder Judith Adams John Henderson Circle Total: $48,514 Kevin C Clark Donald B Ellsworth Mark A Lawrence Laurie Campbell Participation: 17% Christopher Hewat Yvon Gaudreau Peter Macaulay Laura & Jon Hantho Ivey Society, Founders’ Ken Hollingshead MBA 1984 Samir Kasem Dr Brent Matthew Ivey Society, Deans’ Circle Circle Eric C L Lee Martin Osso Total: $63,138 Bruce Lindsay Steve Dent & Janet Maclaren William J Jandrisits Donald Polk Robert Pendrill Participation: 16% Shelley (Crawford) Murphy Ivey Society, Patron Michelle & Patrick Meneley David Weiner Dr D Sandfield Staples Linda & William Quinn Ivey Society, Founders’ Other Annual Fund Ivey Society, Deans’ Circle Marita E Zaffiro Aldo Sylvestre Circle Contributions Ivey Society, Benefactor Paul F Campbell Lenny Moy Other Annual Fund Anonymous Chi Tong Anonymous Ivey Society, Benefactor C John Schumacher Contributions Ben Chong Harry J Verlaan Anonymous Anonymous Anonymous Thomas Hinton Roxanne & Mark Behrman Rizwan Ahmad Ivey Society, Deans’ Circle Alison Amendola Kirsten Feldman Barbara L Lawson Wendy MacKinnon-Keith Catherine Hampson & Tom David Aston MBA 1988 Flynn Harolde Savoy Robert Levings Denise C MacDonald David Belford Robert Mack Total: $64,535 Bruce Rothney & Lisa Rothney Lisanne & Jim Rogers Ivey Society, Patron Guy Charette Suzanne & Kristian Teleki Jan Herman & Mark Herman Pierre McLean Participation: 15% Stephen M Clappison Other Annual Fund Allister C Paterson Contributions Other Annual Fund Ivey Society, Benefactor Lloyd Cooper Ivey Society, Founders’ Peter Ross Circle Anonymous Contributions William W Burnfield Claude Damiani Jane Smale Janet C Griffin & Jock W Anonymous Anonymous Douglas MacKay Joan E Fiset The Late David J Smith MacDonald Anonymous Anonymous Sai-Chak Mak Anne Hale Donald Smrke Timothy Hodgson & Linda Anonymous Anonymous Rick Mazur Muneer Hirji Netten Anonymous Susan Sarjeant Austin Dr Rebecca Grant & Dr David Eric Stevenson Cam Innes Tim MacDonald Dan Barraclough McCutcheon Brian Thompson Anonymous Donald Maunders Paul Oliver & Victoria Batters Bernard Silgardo Ivey Society, Patron Dr Neil A R Abramson Kerry McLellan David Montanera Joshua Albert Mark W Bishop

52 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

$5,000–$9,999 $100–$999 Deans’ Circle The First Decade Society $2,500–$4,999 Patron

Steven Burtch Grant Fraser Dave McNeil MBA 1994 Other Annual Fund MBA 1997 Anoop Chawla James Goodchild Patricia M Meehan Contributions Keith Dawson Stephen Legler Sylvain Pelletier Centlass Ag : Sergei Esther Benzie & Mark Phillips Centlass Ag : Steve Tchetvertnykh Dumanski Andrew Forestell Ann Lumsden Cathy L Pin Mark Brown Total: $23,863 Total: $30,809 David Gopaulsingh Brad Maheu Michael Rodgers Jim Foote Participation: 13% Participation: 11% Lynn C Gregor Howard Mains Wilma Sung Kong Dean Herback Bernard Gutnick Dev Manohar-Maharaj Tony Valle Ivey Society, Founders’ Todd Hutchings Ivey Society, Deans’ Circle Hugh D Babowal Leo J Hall & Susan M Hall Keith Matthews Circle Sarah Innes Olga & Sergei Tchetvertnykh Anthony Ostler Robert Hallsworth John McCready Vikram Karvat Jim Hately Deborah McCutcheon MBA 1993 Ivey Society, Benefactor Jay Larock Ivey Society, Patron Anonymous Hilda Lau David J Pennington Timothy Keighley Jennifer McNaughton Centlass Ag : Sarah Andrew J Abbott Curt Sigfstead & Lara K Witter R Greg McKnight Colleen Mooney Morgenstern Edward R T Lawson Mark Barber Tak Yu Trevor Tam John McMillan Bridget Nevado Total: $141,518 Gary Nevison Dagmara Fijalkowski & Robert Paul Noreau Robert Presser Nicole Paquin Ivey Society, Benefactor Participation: 16% Fijalkowski Marian Plante Douglas Purcell Athena Pasqualoni Steve Dumanski Ivey Society, Founders’ William Pang Ronny Steinberg Dan McClure & Susan Bruce A Schouten Ronald P Reinders Circle Chet Woon Witteveen Ann Sutton Byron Roth Anonymous Linda Verth Ben A Yu Philip F D Moorcroft Donna Thompson Linda & Jamie Sawchuk Todd Hargarten & Sarah Other Annual Fund George Nast Phil Toy William Shapiro Morgenstern Contributions MBA 1996 Other Annual Fund Grant & Theresa Williams Kelly Smith Ivey Society, Patron Anonymous Trish Sullivan Kim M P Cook 15th Reunion Social & Contributions Marilyn & Terry Ablett Anthony Anderson Amos Tin Richard Stephenson Fundraising Committee: Peter Burkhart Mark D Applebaum Michael Bernstein, Glenn MBA 1991 Alain Wan Ivey Society, Benefactor Margot Burleton Cockburn, Nan DasGupta, Roger Berthelot Jeff Weiss Anonymous 20th Reunion Social Martin P Catellier Trish MacPherson, Daniel James A Black Committee: James Welch Brian D’Costa Amitabh Chaudhary Magyar, Greg McLean, Gail Don Chung J Atha, Paul J Gilbert, Warren J Christopher Donald Rodwell-Simon Clare W Cheng Geoffrey Colter B Irwin, Martin Juravsky, Neil David Dundas Lindsay Dodd Total: $195,533 Macdonald, Karen A McKay, Karen Green (Wellen) MBA 1992 Wayne Kozun Participation: 14% Jennifer McNaughton, Lisa Deepak Khandelwal Yoshihisa Hashimoto Darren R Marshall Porlier, Ian M Sullivan, Mark Total: $37,435 Jeremy King Ivey Society, Founders’ Hilary Jacob Whitmore, Sandy Whittall Lani C Martin Participation: 14% John Koyanagi Circle Scott McRorie Pierre Pacarar Fundraising Committee: Melinda Lehman Nan DasGupta & Michael Ivey Society, Founders’ Bernstein Ian S Orfanides David Cassie, Grant Fraser, Robert T Pemberton Circle Eric Martin Thomas G Philpott Mark Newman, Michael D Walter Romaniuk Mark Wellings Asiff Hirji Gregory Martin Jason Steinberg Rushton, Mark Whitmore, John Sinclair Ivey Society, Patron Alan A Wunsche Ivey Society, Deans’ Circle Michael McMurray Michael & Angela Switt Other Annual Fund Stephen H E Murphy Total: $166,620 Margot Thom Andrew L Nelson Sylvie & Joel Thompson Contributions Ivey Society, Benefactor Participation: 18% Ivey Society, Patron T John Rideout Anonymous Daniel S Golberg Kathryn Mayne Parag Saigaonkar Ivey Society, Founders’ Paul Blaha & Laurel Deplaedt Dominique Hansen Jacqueline & Joseph Nemeth Juliane Schaible MBA 1998 Circle Michel Bruyere Mark Hoogeveen Dirk Schrader & Martha Gordon Perchthold Ivey Society, Benefactor Centlass Ag : Jerry White Katherine Burns Schrader Christopher A Lane Glenna & Richard Talbot Alicia & Tony Cestra Dan & Karen Condon John F McCartney Total: $27,675 Tom Flynn & Catherine Suzanne Sherif Gareth Turner Participation: 11% Barry Dennis Peter Strickland Greg McLean Mark Whitmore Hampson Nick Evans Chris Hibberd Steve Suarez & Michelle Alain Daniel J Nowlan Ivey Society, Founders’ Ivey Society, Patron W Robert Gulbronson Bill Jack Bryan Tatoff John Sterling Circle David Cassie Andrew W Herrmann John Shannon Fraser Johnson Jackson von der Ohe Other Annual Fund Ivey Society, Benefactor Margo Hoyt & Glen Orsak Judy & Steve Meston Contributions Ivey Society, Patron Rod Foss Vidya Iyer Anonymous Lara K Witter & Curt Sigfstead Douglas Ogilvy Susan Gamm & Dieter Gamm Vishal Jain Anonymous Karen J Taylor MBA 1995 Ivey Society, Benefactor Mark Newman Kathy Kalafatides Ted Aslanidis Stephen Bertrand Susan Witteveen & Dan Lisa Porlier Total: $22,192 McClure Colleen Keane John Cape Charles A Gadalla Participation: 10% Mark Strang Bruce Keating Glenn Cockburn Emma Loewen & Brett Other Annual Fund Francis Joseph Sirdevan Ivey Society, Founders’ Undershute Contributions Brian May Erik Erdell Circle Erin Sorhaug & Jan Sorhaug Mike Thorfinnson Anonymous Martin McCambridge Stephanie Galloway Darrell Wheeler The Hopper Family Jeffrey Bell Ann McDowall David Iggy Iwasiewicz Other Annual Fund Ivey Society, Deans’ Circle Sandy Whittall Gordon Cameron John McLeod Mark Kopytek Contributions Greg & Tracy Guatto Simon Adell Other Annual Fund Brian & Lynn Campbell Daniel McMullen Daniel Magyar Tim Benson & Suzanne Contributions Eddie Castelletto Jeff Meyer Ivey Society, Benefactor Marie-Josee Martineau J Atha Alexa Nick Spragge Jason B Chrein Wes Pringle Scott McCulloch Peter Ballon Doug Pollard Sean Cameron Kathryn Cronin (Montgomery) Daniel M Steinberg Gaston Pelletier Ross Chafe Joseph Quarin Marie-Anne Desjardins Rob Cunningham Robert Symmons Gail Rodwell-Simon Glen Charanduk Bradley Radin Brett V Flint Julie E Hamel Peter Tagliamonte Brian Tafler Philip Eisler Carolyn Hobbs Scott Hilborn Dennis Tze Ann-Margaret Tait Rhonda L English Pyarali Jamal Michael Hill

2011 ANNUAL REPORT — 53 Contribute to Tomorrow MBA & MSc In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Antoni Krajewski Catherine Jarmain Mark Roberts Meghan Clarke Dan Shadd M BA 2006 Rosemary Lavoie Trevor Lam James Sikora Sonal N Doshi Elaine Shiu Tim Logie Tara Landes Janine White Leonard Firkus Matthew Simpson 5th Reunion Social Committee: Chris Lynch Robb McNaughton Gillian Whitebread Stephen Fitzpatrick Andrew Smith Clare Aker, Colin McDougall Eric Matusiak Roma Minenko Jeffrey Wu Christopher Godwaldt Colin Stairs Fundraising Committee: Chantal Miklosi Patrick R Mitchell Andrea Young Colin Gorling Benjamin Tan Clare Aker, Lisa Dymond, Carlos A Ortega Steven T Nevard Robert Jaques George Yan Natalie Edwards, Colin William D Robertson Sarah Shang Jean-Philippe Leblanc Paul Zhang McDougall Andrew Romocki Brian J Sinclair M BA 2002 Spencer Low Total: $8,065 Tal Vilenski Athena A Skagos Centlass Ag : Robyn James MacDonald Participation: 10% Helen Wang Scott Spencer Hochglaube Mark Manley & Ainslie MBA 2005 Ivey Society, The First Simmonds Glen Webster Victoria L Young Total: $9,639 Centslass Ag : Lisa Cleary, Decade Society Jerrold White Participation: 6% Stephen Martin Dan Rowe Christie Love Jonathan McDooling Steven Wilson Ivey Society, Deans’ Circle Total: $8,238 Shane O’Farrell James R Witmer MBA 2001 Staffen Family David Nash Participation: 10% Kenric S Tyghe Stephen Parkhill 10th Reunion Social Ivey Society, Benefactor Ivey Society, Benefactor Other Annual Fund Jay Perry Committee: Anonymous Mike McKenna Contributions MBA 1999 Benjamin Rodney Ginger Butler, Dennis Dussin, Dilprit Grewal Ivey Society, The First Anonymous T M Hamza, Peter Kalen, Craig Elan Satov Centslass Ag : Tim Grigg, Alan Marr Decade Society Anonymous McKean, Len Nanjad, Mark Darren Rough Elliot Scherer Lora & Dylan Hardy Clare Aker Roberts Nicole T (Piscione) Musicco Total: $12,700 Jason Steel Andrew Kennedy & Duska Salman Ali Fundraising Committee: Ivey Society, The First Participation: 5% Victoria J Sweeney Kennedy David Bassin Peter Busse, Colin Edwards, Decade Society Paul Szabunio Ivey Society, Benefactor Frederic Lesage, Lachlan Michael Quinn Other Annual Fund Roger Chang Lisa Zhao Contributions Jeff White & Joanne Dolfato MacQuarrie Other Annual Fund Trevor Davison Anonymous Michael Flood Total: $44,448 Contributions Jerri Zheng Lisa Dymond (Wiens) Anonymous Jamie G Gallant Participation: 13% Kathryn Archer & Sam Natalie Edwards Ramadori Anonymous Mark Lerohl Ivey Society, Deans’ Circle Lisa Ellis Todd Armstrong M BA 2004 Bren Baldock Darren Rough Anne McMaster & Frederic Chris Guillon Jared Bettridge Brett Undershute & Emma Lesage Jean-Pierre Boudrias Total: $10,660 Min He Sean Brady Sam Blaichman Loewen Ivey Society, Patron Participation: 7% Xiao Luo Shon Wilkie Irina Brinza Mike Brydson Kevin Williams Ivey Society, Benefactor Delia QiaoDi Pan J Mark Cameron Jasper Chan Other Annual Fund Ivey Society, Benefactor Daniel Barnholden Paula Schutz Kyle Chow Contributions Rohit Bhapkar Jennifer Fraser Larissa Chaikowsky Carlos Vicens Cara Cole Bill Anderson Colin Edwards Mustafa Husain Steven Hansen John Wallis Prakash David Doug Duimering Dan Eisner Deland Jessop Joseph J Lo Chen Yang Adam Dean David Eason Jason Green Catherine Jian Sean Naylen Andrew Fletcher & Family Mary Ann Lew Greg Grant Melissa Holland Other Annual Fund Mike Rumsey Yong Liu Matthew Hall Samuel Leung Contributions M BA 2007 Gordon V Sandford David Murray G Harris Len Nanjad Anonymous Total: $7,214 Jeem Sirivar Jie Qi Mark Healy Other Annual Fund Anonymous Participation: 6% Peter Smith Paul Skippen Anonymous Omar Kettani Contributions Ivey Society, Benefactor Robert Weiss Anonymous Jeff Smith Robert & Amanda Levine Daniel Bar-Dayan Wei Li Anonymous Gino Yearwood Alex Li Hilary & Glen Barisoff Darwin Smith Anonymous John Zhang David Barrett Christopher Madan Ivey Society, The First MBA 2000 Anonymous Daniel Benoit Andre Mousseau Marc Pavlopoulos Decade Society Centlass Ag : Allan Anonymous Stefan P Bortolussi Michael Liebrock Buitendag M BA 2003 Becky Perez Muhammad Amir Sean Chaudhry Michael Lu Total: $6,209 Lisa & Paul Reid Ed Boose & Sandra Bolton Centlass Ag : Raj Aggarwal Daniel Freiheit Krista Schiestel Participation: 6% Dan Rowe Charles Bougie Total: $8,368 Susana Garcia Vijay Viswanathan Peter Busse Participation: 6% Rishi Gautam Robert Scobie Ivey Society, Benefactor Other Annual Fund Joanna Ng Grant Sernick Gonzalo Corrales Medina Ivey Society, Benefactor Viola Hoo Contributions Greg Stewart Other Annual Fund Triina & Chris Forbell Bogdan Comanita Edwin Lee Anonymous Stephanie Taylor Coughlin Contributions Xinyi Gu Hratch Manavian Chris Lumley Anonymous Sharon Telem Anonymous Christopher Gulliford Eliza O’Neil Jared Lundy Anonymous Anonymous Joe Thacker Ellen R Jarmain Ivey Society, The First Sara McCormick Anonymous Agata Urbanowicz Anonymous Marc Kaipio Decade Society Lee Merovitz Ryan Bell Gregory Worsnop Lorraine Bender Peter Kalen Peter Sang Ng Dr Leslie Mitchner Efrem Berman Shakeel Bharmal Daryn Wyllie Joyce Lafleur Other Annual Fund Christopher Pearson David Callum Golnaz Yekrangian Artem Borounkov Lachlan MacQuarrie Contributions Jenny Perez Yingdong Chen Michael Brock Jason Menard Brian Balkwill Steven Ridgeway Gina Chong Benoit Cantin Andrew Pettit Michael Berkson Richard Robarts Prashant Dube Andy Crysdale Paula J Puddy Dinesh Chaudhari Adam Rosenfeld Brent Hutzal Jeffrey Groves Wah-Kit Cho

54 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

$5,000–$9,999 $100–$999 Deans’ Circle The First Decade Society $2,500–$4,999 Patron

Keun Ho Lee Imad Harb Allison Price Other Annual Fund MSc 2011 Raveena Maheshwari William Hooper Omar Qutub Contributions Alexander Markin David Jagodzinski Lisa Ruigrok Tiffany Chung Ivey Society, The First Nadia Montecalvo Matthew John Yuan Shi Victor Diab Decade Society Anonymous Ilana Valo & Dr Josh Silvertown Ramit Kar Jonathan Smithson Michael Forcht John-Jeffrey Laxton Jeff Switzer Kate Lawrence Shanti Suppiah Daniel Giacinti Raghu Viswanathan Tom Maryniarczyk Andre Tilban-Rios Neha Khera Other Annual Fund Jun Wang Dr Joseph Mocanu Peter Walker Jennifer Lomax Contributions Tarek Amin Eva Wen Charles Newton Price Susan Wiens Mihaela Chira Donna W X Zhang Louis-Philippe Patry Stuart Wilson Ioannis (John) Diogenous Karthik Ramakrishnan Fraser Wiswell MBA 2012 Kevin Doodnath Senay Redda Diana Wong Ivey Society, Founders’ Weiwei Feng M BA 2008 Tony Rizzi Karen Yang Circle David Wood Samantha Gin Centslass Ag : Anuj Siddharth Samarth Todd Zeligman Mobeen Hassan Chandarana, Irfan Daya, Chander Sehgal Other Annual Fund Other Annual Fund Timothy Huijts Trevor Hand, Lyndsay Ashish Vashisht Contributions Contributions Passmore Fatima Imtiaz Sanjiu Zhu Kristine Beese Alex McMurray Total: $4,752 Anurag Kamat Other Annual Fund John (Qiang) Cao Participation: 6% Adam Kauppi Contributions Kamna Mirchandani Kuan Lee Ivey Society, Benefactor Karen Cheung Amanpreet Makkar Anonymous Scott Gryba Mudasir Marfatia Ivey Society, The First Shafeen Mawani MBA 2011 Francis Matlary Decade Society Centlass Ag : Cyrus Zahedi Michael Hornby-Smith Sherisse McLaughlin Total: $6,438 Aaron Minocha Arjun Mohan MBA 2010 Participation: 12% Jennifer Mitchell Soubhagya Mohanty Total: $8,880 George N Nikopoulos Ivey Society, The First Adrian Pfammatter Participation: 17% Sameer Panjwani Decade Society Cheng Qian Karime Abdel-Hay Stephen Stewart Ivey Society, The First Rebecca Risberg Jonathan Batson Decade Society Xue Rui Other Annual Fund Anonymous Neha Bhasin Na Shi Contributions Sunil Acharya Arvind Chahal Colin Bogar Benjamin Simsa Andrea Adams Heslie Chua Blair Fraser Mikko Tala Elizabeth Anton Kristen Cornell Michelle Grech Bushra Tobah Layth Ashoo Diana Di Luca Andrew Haigh Zixin Zhang Kristine Beese Razy Farook Trevor Hand Adam Bortolussi Daniel Giacinti Matthew Irwin Jared Breski Robin Guron Eric Kung Joshua Chandler Stephanie Ho Matthew LeQuelenec Ani Chudasama Rebecca Hogan Jean-François Letarte Beth Cole Rachael Ibey Carlo Roque Katie Daly Grant Isaac Saqib Syed Patrick Davis Erich L Isopp Kyle D’Silva James Larsen M BA 2009 Clayton Feick Ed Lee Derrick Fournier Wah-Seng Lim Centlass Ag : Chris Lau Michael Geith Katie Anne MacInnis Total: $9,290 Vanja Gorazi Daniel Moro Participation: 11% Ryan Goren Maria Perekotiy Ivey Society, The First Sanam Hadavi Michael Pooley Decade Society Dillon Johnson Christopher D Richard Anonymous Jamie Kasprowicz Jennie Rittberg Mukul Ahuja Mrinali Kaul Dima Saghir David Atkinson Adir Koschitzky Jonathan Scarlett James Biggar Jyotsna Krishan Sutirtha Sengupta Selena Billesberger Juan Lastra Oli Small Diana Caldana Pema Lhalungpa Andrea Sum Kevin Callahan Gustavo Lora Joseph Tai Dr Jeffrey Cao Deborah A M Lucas Paul von Martels Laurence Chiu Peter MacEwen Andrew Webster Karen Ying Fang Maheen Memon Caleb Yong Patrick Farrell Vincent Mok Ahmed Yousef Naser Farzan Nathan Pfrimmer Christopher Green

2011 ANNUAL REPORT — 55 Contribute to Tomorrow EMBA & VEMBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

EMBA 1993 EMBA 1999 E MBA 2004 E MBA 2008 EMBA 2011 VEMBA 1997

Ivey Society, Benefactor Ivey Society, Patron Ivey Society, Deans’ Circle Ivey Society, Benefactor Ivey Society, The First Ivey Society, Benefactor Tom Greco Luc Vanneste Linda & Clay Ullrich Michael Foran Decade Society Barry L Wilks Anonymous Other Annual Fund Other Annual Fund Ivey Society, Patron Norman Si Pang Ng (HK) Anonymous Contributions Contributions Pau Kit Kwan (HK) Ivey Society, The First Anonymous Gordon Albini Anonymous VEMBA 1998 Other Annual Fund Decade Society Charlotte S Ip Michael Aniballi Anonymous Anonymous Contributions Ivey Society, Patron John Clark Sloan John Pappas Anonymous John P Andrews Leslie Stephenson Clarke Walker Christopher Emery Anonymous Other Annual Fund Other Annual Fund EMBA 2000 Sandeep Grewal Anonymous Contributions Contributions Anonymous Anonymous Perry Lea Lori Kirkpatrick Blaine Dalby Victor Adesanya Matt Ambrose EMBA 1994 Patricia S T Ling & Chun P Ling Craig Pattinson David McElhanney Daniel Sin Edgar Barragan David Anderson Ivey Society, Founders’ John S MacCharles Nagib Premji Edward Glavina Corey Anquetil Circle Brian McGregor David Rankin Michael Jolliffe Aida Bejte Janet De Silva David Newall Leslee Thompson EMBA 2005 Stephen Weishar Laura Blythe Other Annual Fund Agako Nouch Jeffrey Wu Andres Cardona Contributions Frank Sartor Ivey Society, Benefactor Irena Cerovina-Supic Janet Heisey Virginia Sanchez (HK) VEMBA 1999 Gary Krikler Alfredo Chan Other Annual Fund EMBA 2001 E MBA 2009 Andrew Connochie Ivey Society, Benefactor Contributions Frederick Swaine Benjamin Craig Mike Atkinson Ivey Society, Patron EMBA 1995 Ivey Society, Deans’ Circle Mario da Silva Other Annual Fund Judy Fairburn Michael Jack Hugh McMullan Dan Dragoman Contributions Anonymous Marc Lacoursiere Ivey Society, The First Jacques Blais Ivey Society, Benefactor Grant Evashkevich Pamela Stevenson Bradley Erasmus (HK) Michael Sparling Decade Society James Cunningham Carolyn Ford Jim Zoras Timothy Stanley Andrew Bass Other Annual Fund Susan Hollingshead Ping Yan Mark Hancock Neil Goldwax Contributions Claude Lariviere Kazuhito Kobayashi Gavin Gurusinghe Michael Costa Kathy Munro Bruce Reid Gregory Hall EMBA 1996 Alan Uffelmann Patricia L Sproat John Henderson David Craig E MBA 2006 Other Annual Fund Sandra Henkel Gino Trigiani Contributions Ivey Society, Patron John Fleet Chris Kissoon E MBA 2002 Stanley Luk (HK) VEMBA 2000 Fariba Rawhani Matthew Lang EMBA 1997 Ivey Society, Benefactor Ivey Society, The First Jimmy Wang Eric Latalladi Ivey Society, Benefactor Dan Vickery Decade Society Jason Leeson Suzanne Gouin Peter Caldwell Ivey Society, Founders’ Joseph Yu (HK) Dean Leesui Other Annual Fund Circle Other Annual Fund Other Annual Fund EMBA 2010 Mark Liberman Contributions Contributions Lana & Tim Hockey Contributions Robert Paolino Anonymous Andrew Bartley Ivey Society, Benefactor Ivey Society, Benefactor Lesley Bell Duane Pike Richard Quesnel Harsch Khandelwal Lynda & Russ Bruch Claire Duboc Harvey Naglie Brad Rogers Samuel Nisbett Ivey Society, The First David C Edwards Richard Samuel Decade Society VEMBA 2001 Other Annual Fund Michael Chisholm Stephen Sandre Contributions E MBA 2003 Lawrence Tomlin Robert Schenkel Ivey Society, Deans’ Circle Peter Inman E MBA 2007 Ivey Society, Patron Joshua Tepper Judy Fairburn Paul Lott Other Annual Fund Michael & Irene Fong (HK) Ivey Society, Benefactor Dr Gary Tithecott Other Annual Fund Beth Shaw Vince Cascone Contributions Ivey Society, Benefactor Heather Wicken John Trisic Contributions John Chettleburgh Ivey Society, The First Andrew Weston Robert A Baker Decade Society Suzanne Yelle EMBA 1998 Other Annual Fund Nina Layla Chadha Contributions Nanci York Anonymous Other Annual Fund VE MBA 2002 Anonymous Other Annual Fund Contributions Blaine Dalby Joaquim Balles Contributions Stephen Bolton Ivey Society, Benefactor Derek Gould Claudio De Vincenzo Catherine Alexson Joan Dal Bianco Marvin Holmen Rick Hartmann David Marshall Ryan Rodrigues Other Annual Fund Francesco J Miscio John Mountain Contributions Dariusz Piotrowski James Ramsay EMBA 2012 D P Airey Paul Redmond Ivey Society, The First Decade Society Kevan O’Leary

56 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

HBA $5,000–$9,999 $100–$999 In recognition of their loyal support, donors Deans’ Circle The First Decade Society who have supported the School for five or more $2,500–$4,999 consecutive years are listed in bold. Patron

HBA 1945 HBA 1953 HBA 1957 John Ricketts HBA 1965 HBA 1969 Robert Violette Lawrence Martello Ivey Society, Founders’ Ivey Society, Benefactor Professor Douglas Westgate Ivey Society, Founders’ Ivey Society, Founders’ Circle David R Gracey Circle Circle Colin L Hubling Denyse Chicoyne & Serge Gilles G G Ouellette Other Annual Fund Gouin HBA 1946 Robert Hubling Contributions HBA 1961 Ivey Society, Patron 65th Reunion Social Ivey Society, Deans’ Circle Paul Condon Ivey Society, Benefactor Russel Robertson 50th Reunion Social Ian R Campbell Committee: Cameron Calder Donald S Durkee Committee: Other Annual Fund Ron Clark G R (Bob) Blake Ivey Society, Benefactor Janis I Jente J Peter Arnold Contributions Herbert Ballantyne Margaret & Jim Fleck Joan & Keith Johnston Allan Jackson Harold Hutner Ivey Society, Benefactor William Kritsch Edward Kernaghan G R (Bob) Blake Douglas Heagle Richard Innes Carl Woodward Hugh Morris Donald Noble Dennis W Vollmershausen Other Annual Fund Wayne Penny Paul Williamson HBA 1970 Other Annual Fund Contributions Ronald J Poth Contributions Peter F Hancock Other Annual Fund Ivey Society, Founders’ HBA 1947 Michael Ashton Robert Shields Hon Tom Hockin Contributions Circle Monica & John Carr Roger Doe Charles Wells Brock Pilkey Bob Shearer Ivey Society, Founders’ John Carter Robert Power Bill Wood Uldis J Uiska Other Annual Fund Circle Cyn & Jack Cronkwright Dr Richard M Ivey Donald C Willan Contributions Michel David Larry Adamson Other Annual Fund HBA 1954 HBA 1958 James D Keenleyside Contributions Richard Fiebig Ron Smith Robert Gibson Robert Beacom Ivey Society, Benefactor Ivey Society, Benefactor HBA 1962 Paul Murray Geoffrey W Clarkson Georges L Hebert Ivey Society, Founders’ Jane & Tim Marlatt HBA 1949 Other Annual Fund The Late Roger Emery Circle HBA 1966 Contributions Douglas Reid Larry Shaw Fredrick Brooks-Hill Mack Chrysler William Evans Other Annual Fund Ivey Society, Benefactor Richard Lettau HBA 1971 Stewart Cornell John Johnston Contributions Richard J Thorpe Douglas Page David Eng 40th Reunion Social Other Annual Fund David Poore David Johnstone Committee: Contributions HBA 1967 Jim Hall, David E Neil, Norman HBA 1950 Alan Querney John Sloan Bob Burns D Thomas Ronald Ray Adam Telfer Robert Fenn Ivey Society, Deans’ Circle Ivey Society, Benefactor Total: $75,490 Frank W Rowden David Grant Aubrey & Marsha Baillie Richard Sharpe Participation: 9% Richard Tafel Peter Knoepfli Gary Barnes Other Annual Fund Ivey Society, Founders’ HBA 1959 J Christopher Lay Ivey Society, Benefactor Contributions Circle Douglas Love John Burton Kenneth Belbeck Ivey Society, Founders’ Henry Cheng HBA 1955 Denton Miller Circle Other Annual Fund Barbara Fraser & Ian Fraser Tom Brent Ernest Steward Ivey Society, Benefactor Contributions Arkadi Kuhlmann HBA 1951 Bruce Deans Gerald Hipple Robert J Taylor Anonymous Ivey Society, Benefactor Hon Donald R Getty Peter Walter Anonymous 60th Reunion Social Ivey Society, Benefactor R Peter Gillin Jon K Grant Douglas Young Garry Dubecki Committee: Other Annual Fund Jim Hall Donald Morrison Paul Fogh-Dohmsmidt Robert A Purdom Contributions Daniel Scouler Len Lee Anonymous Other Annual Fund Ivey Society, Founders’ Other Annual Fund Robert Hendry Contributions HBA 1963 Marg & Ted Morrow Circle Contributions The Late Samuel W McCoy Lucien Pare Edward Y Baker Ivey Society, Benefactor Brian Babcock Roderick Evan Brown Ivey Society, Benefactor Dickson Rewbotham HBA 1968 Ted Gordon Fred Bradley Charles Kimball Other Annual Fund Rob MacKenzie HBA 1956 Geoffrey Mitchell Jean & Ken Harrigan Contributions Ivey Society, Founders’ Herbert Stein 55th Reunion Social J Allan Finlayson Circle Committee: Glen Heximer Glenn Jones HBA 1972 Other Annual Fund HBA 1960 Contributions John E Farley, Dr Robert G Joseph Hofer Ivey Society, Benefactor Taylor Total: $21,552 Donald Copland Dave Martin Gary Colter Ivey Society, Founders’ Participation: 8% Edward Milliken Ivey Society, Founders’ Circle Douglas L Derry Circle John R Currie J Edward (Ted) Johnson Ivey Society, Founders’ George S Dembroski Ralph E Lean Circle Ivey Society, Benefactor HBA 1964 Richard W Ivey HBA 1952 Other Annual Fund Alexander Eastwood Gary West Contributions Ivey Society, Founders’ Ivey Society, Deans’ Circle Donald Blanchard Other Annual Fund Anonymous Other Annual Fund Circle Douglas Greaves Donald Gibson Contributions W C Wood Foundation Contributions Robert Barnard David Fotheringham Ivey Society, Patron William Louth Robert Bosworth Ronald Collyer Other Annual Fund Charley Peebles Justice B T Granger Lynn Glenn Contributions Hugh John Cook Len Lee Ivey Society, Benefactor George Hakojarvi John G Craig Shirley & Bill Eichenberg Joseph Sinclair Bob Schram John R Hall Darrel R McLaughlin Dr & Mrs John A Humphrey William Trevena Other Annual Fund Roy Steel John Mills Contributions M James Evans

2011 ANNUAL REPORT — 57 Contribute to Tomorrow HBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Chuck Herod Shirley Roberts Ivey Society, Patron Ivey Society, Deans’ Circle Fundraising Committee: David Robison John McKinnon Brian Scott Marisa Kwok Michael Rolland Stewart C Burton, Lisa Colnett, Brian F Smith John Needham Jackie & Steve Wilkinson Ivey Society, Benefactor Ivey Society, Patron Daniel Devlin, Eric Johnson, David Smith Dave DesLauriers, Tim Roderick W Hampson Randolph Dietrich Ernie Spraggs MacDonald, John McFadden, William Kiff Ivey Society, Benefactor Lawrence Pentland, Jacqueline Keeth Stone HBA 1973 HBA 1975 Paul W Robertson Shelagh Donovan & Michael Wilson, Scott Wilson David Town Boyd Total: $37,227 Total: $12,168 Jill & Kevin Yousie Total: $1,022,024 Jane Yates John Fursey Participation: 20% Participation: 7% Other Annual Fund Participation: 47% Jim Zalusky Contributions Other Annual Fund Ivey Society, Founders’ Ivey Society, Founders’ Ivey Society, Founders’ Anonymous Contributions Circle Circle Circle Anonymous Peter B Gudewill Sylvia D Chrominska Joanne Abbott Sarah Abell Evans HBA 1982 Peter Ballantyne & Margot Susanne & Martin Thrasher David Belford E Scott Beattie Other Annual Fund Howard Total: $42,197 Geoff & Nancy Browne Stewart C Burton Ivey Society, Deans’ Circle Contributions J Jay Brown Participation: 10% Debra Casperd & Gordon David Holmes Anonymous Kathleen & Ron Close Casperd David Greer Ivey Society, Founders’ Anonymous Lisa Colnett Ivey Society, Benefactor Donald Dinnin Keith McEachern Circle Murray Chant Brian Foster David DesLauriers Wendy Adams & Wade Lois Elliott Fraser Robert D Snowdon Don Darroch Robert Luton Daniel A Devlin Oosterman Georges Houde Ann Sutherland Robin Dow Scott Murray Tim MacDonald Rosamond Ivey Eric Jones Paul Switzer Gerard P Murphy Michael O’Brien Jeffrey Orr & Suzanne Legge Roland T Keiper Mary F Killoran Peter F Thom Tadeus Sojczynski Nora Aufreiter & Lawrence Ivey Society, Benefactor Other Annual Fund Elaine Stanley Lorraine Trotter & Mike Bruce Pentland Contributions Anonymous Stephen Wilson Douglas Wall William J Quinn John Alton Patrick Horgan Philip Wisener Jim Yardy Michael G Tevlin Bruce Barton HBA 1976 Fraser Johnson Ouzi Zaccai Leonard J Cade 35th Reunion Social Ivey Society, Deans’ Circle Martin McConnell Scott & Jacqueline Wilson Robert d’Albenas Committee: HBA 1980 Einar Medri Anson Frost Silvio Di Gregorio, Ian S Ivey Society, Patron Other Annual Fund HBA 1978 Total: $35,146 Michael Hayes Grant, Gregory S Greenham, John McFadden Contributions Craig Kennedy, Christopher Participation: 16% Jim Howe Total: $75,308 Bryan Pearce Paul Badeski J Laubitz, Archie M Leach, Participation: 12% Brian Stock Christopher Dawson Edward Postrozny Jeffrey A Robinson, Janet L Ivey Society, Founders’ Jim Reynolds Whitney Ivey Society, Founders’ Circle Ronald H Wolf Kerri Golden Deb Barrett Don Ridpath Total: $74,930 Circle Ivey Society, Benefactor Thomas Hinton Nesbitt Family Mark Cowie Alan Small Participation: 11% Anonymous Christine MacInnes Barbara G Stymiest Ivey Society, Deans’ Circle Diane Bischof Kevin Watson Ivey Society, Founders’ Staffen Family Circle Ivey Society, Deans’ Circle Bob Blumer HBA 1974 Anonymous Dean Connor Ivey Society, Benefactor Peter Coward Kao Ying Lun, John Oscar Belaiche Grant & Theresa Dietrich HBA 1983 Class Agent: Matt Hannon Ivey Society, Benefactor Heather & Fraser Latta Judith & Jonathan Cooperman Cheryl Davidson Trudy Nixon-Fahie Total: $34,806 Total: $42,575 Jon Love & Nancy Yeomans D Bruce Henning Steven Sims Ken Pinder Participation: 16% Participation: 17% Love Ken Shaver Other Annual Fund Other Annual Fund Ivey Society, Founders’ Ivey Society, Founders’ John H Simpson Contributions Contributions George Sportel Circle Circle Anonymous Anonymous Orville (Tommy) Turnquest Anonymous Ivey Society, Benefactor William J Jandrisits Silvio Di Gregorio Carl Baker Anonymous Joanne Porter-Tikkanen & John Ivey Society, Deans’ Circle Ivey Society, Deans’ Circle Gordon Avard Tikkanen P Lynne MacInnes Robert Duncanson Andrew Barnicke Patrick Crowley Bruce Barber Barb McMurray Gilles Gagnon Other Annual Fund Tim McGuire Hugh MacDiarmid Eileen M Brown Other Annual Fund Doreen E Harvey Contributions Nicholas Paine Ivey Society, Patron Anonymous Contributions Blaine Hobson David Carroll Michael Schwenger David Wright Anonymous Rychard Lardner Martha Day Anonymous Lino (Lee) Sienna Ivey Society, Patron Gord Brown Richard Russell Donald Lang Anonymous Teresa & John Vander Hoeven Robin Hibberd Raymond Castellan Robert E Simpson David Lewis Anonymous Ivey Society, Benefactor Ivey Society, Benefactor Craig A Chenoweth Luke Sklar David J Markle Louise Adams Bradley Flowers Dan Mida Paul Pickering Douglas L Moody Beverly Behan Matthew S Hannon Mark J Verdun Harvey Taraday Edward Piwkowski Lorraine Chong William O Morris Ian Vasey HBA 1979 Michael Rupar Sandra Donders Other Annual Fund Bruce M Shirreff David Thompson Stephen Foerster Contributions Total: $63,064 Anonymous Philip Unger Douglas Warwick Patricia Gass Participation: 16% Anonymous Mac & Chricket Yule HBA 1977 Keith Glide Ivey Society, Founders’ Mary Boucher Other Annual Fund Bonnie Grundman Total: $42,177 Circle Michael Browne Contributions HBA 1981 Paul Hayman Participation: 18% Darlene & Perry Jeffery Kasia Czarski Jo Barrington Jeff Hill Chris & Michael McCain 30th Reunion Social Robert Fish Greig Clark Ivey Society, Founders’ Eric Ian Johnson Doug McGregor Committee: Alan High Circle Bruce Gardner Eric Johnson, Kevin R McGraw, Herald Krimmer Sam Gudewill Patrick Weber & Marti Morfitt G Bruce McFee Rick Lane Lisa Penny S Pennock Randy B M Royer Paul Methot Charlie Pickard Lisa & Stuart Penny

58 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

$5,000–$9,999 $100–$999 Deans’ Circle The First Decade Society $2,500–$4,999 Patron

David O’Neil John de Roos Jennifer Bolt HBA 1988 HBA 1990 Todd Cowan Elena Peet Rhonda L English Rob Brown Craig Ellis Dale Richards Joanne Evans Kathryn Cronin (Montgomery) Total: $36,825 Centslass Ag : Tim Watson, Mark Layne Michael A R Wilson Mary Robertson Rosalie Fine Brian Denega Participation: 13% Rosemary Li-Houpt Total: $46,353 Doug Welsh Chris Francis Michael Glionna Ivey Society, Founders’ Lorne Potash Participation: 19% Warren Yu Kenneth Gorham Hugh Hamilton Circle Greg Schinkel Brett E B Barakett Nancy Helstab Therese Loveland Ivey Society, Founders’ Jill R Schnarr Jenny & Bruce Lamb Barry Mannell Ivey Society, Deans’ Circle Circle Angela M Schneider Michael A R Wilson HBA 1984 Doug Lyons Jennifer McNaughton Doug Guzman & Sheila Brown Lori Shapiro Linda Northgrave Thomas O’Brien Ivey Society, Patron Ivey Society, Deans’ Circle John Stiefelmeyer Total: $44,975 David P Dal Bello Lisa M Pankratz Ronald P Reinders Allan Drewlo Participation: 18% Greg & Tracy Guatto Dave Postowoj Steve & Alison Ryckman Ivey Society, Benefactor Ivey Society, Founders’ Jordan Rose Kelly Smith Darrell Wheeler Ivey Society, Benefactor HBA 1992 Circle James Barltrop & Kimberly Douglas Stirling Joy Sterling George A Cope Other Annual Fund Facca Total: $8,275 Theresa & Grant Williams Trish Sullivan Contributions Ray G Young Kevin Cinq-Mars Participation: 14% Carol Trattner Anonymous Ivey Society, Deans’ Circle Christopher A Lane Ivey Society, Patron Adrian Van Monsjou Lynda E Bernst Adam Waterous Loris Lazzer John B Simcoe HBA 1986 Jeff Weiss Marina Brock Ivey Society, Patron Bradley Radin Ivey Society, Benefactor Bradley Wiley Shawn Coombs Anonymous 25th Reunion Social John Angus Fraser James Ficzere Other Annual Fund Gino Martone Committee: Mark Runstedler Michelle J Foote Contributions David Montanera Douglas Bartlett, Jamie Clark, Anonymous Janice E Fisher, Tony Francolini, HBA 1987 Ian Haar Other Annual Fund Anonymous Ivey Society, Benefactor Cameron P Hicks, Bruce R Paul Kalbfleisch Contributions Andrew Siu Luen Au Centslass Ag : Darin Nicole Archibald Richard Adair Jackson, Judy Jarvis, Carol Susan Kurtz Alec W G Clark Trattner Deschamps, Al Sellery Esther Benzie & Mark Phillips Sherri Agnew Christine Nalborczyk Carolyn E Horan Fundraising Committee: Total: $62,089 Christina de Vries John W Davis Cheryl Radisa Pamela Jeffery John A K Francis, Angie Participation: 21% Mike Gudehus Dr John D Drogosz Paul Rogers Tony Meehan & Vithia Saing Francolini, Hugh Hamilton, Ivey Society, Founders’ Nadine Joli-Coeur Amanda M Freeman-Ram Denise C MacDonald, Ian Lisa Sanders Joseph Pucci Circle David (Tex) Mark Paul Herring McPherson, Peter Simon, Chris Darin & Lisa Deschamps Catherine Stedman David T Strickland G Tambakis, Mike Thorfinnson Eric Martin Kristina Klausen Other Annual Fund Total: $409,490 Ivey Society, Deans’ Circle Michael & Vivian Polak Stephannie Larocque & Scott A Ian Aitken Griffith Contributions Participation: 31% HBA 1989 Angela M Simo-Brown Stephen D Armstrong Cynthia J Devine Michael J Voskuil Robert Lombardi Ivey Society, Founders’ James Gilliland Paul K Pew Centlass Ag : Michael Pun Susan Lucas Circle Timothy W Watson Peter Samson & Cathy Total: $23,553 Keitha McClocklin David Jenkins Paul J Atkinson Michael Wilson Williamson Participation: 15% Thomas Pressello Bradley Karro John A K Francis Alan G Sellery Stephen Taran Robert Clayton & Barbara Angie Francolini & Tony Ivey Society, Founders’ Lauer Francolini Ivey Society, Patron Circle HBA 1991 Olaf Weckesser Dino A DiCienzo Michael B Hill Ingrid & Rob McClelland Brian & Heather Semkowski 20th Reunion Social Family Foundation Sean C V Mullin Ivey Society, Benefactor Ivey Society, Patron Committee: Glenna & Richard Talbot Tom Flynn & Catherine Michael W Pun Madeleine Paquin Kevin Condon, Rosemary HBA 1993 Hampson Robert Wortzman Greg Perrier Chris G Tambakis Li-Houpt Centlass Ag : Kevin O’Brien Catherine Herring & Clarke Jacqueline Puchalski Fundraising Committee: Ivey Society, Deans’ Circle Herring Ivey Society, Benefactor Total: $24,899 Lee St James Anonymous Scott G Bere Steven Bloom, Mark Lewis Bill Jack Participation: 21% Mark Downing Joelle & Sante Corona Total: $75,110 Todd McCuaig Ivey Society, Deans’ Circle Mark Hoogeveen Participation: 19% Ivey Society, Patron Judy & Steve Meston Yolanda & David Campbell HBA 1985 James Salem Theresa & Robert Scullion Ivey Society, Founders’ Other Annual Fund Ivey Society, Patron Total: $13,315 Peter Simon Other Annual Fund Circle Contributions Andrea & Kevin O’Brien Roger G Young S W Eddie Law Participation: 18% Anonymous Contributions David J Pennington Monika A M Carmichael Ivey Society, Patron Ivey Society, Benefactor Carol Allmendinger Ivey Society, Deans’ Circle Ivey Society, Benefactor Mike Emery Mark Lewis Linda & William Quinn Heidi Morley & Karl Berger Rose Baker Shawn D Aspden Jim Foote Carmen Edgell Lynn & Brian Campbell Ivey Society, Patron Dr M Kathryn Brohman Ivey Society, Benefactor Nicole Haggerty Jeffrey Brown Catherine Hampson & Tom Mark P Giuliani Teresa Ho Sonia Grunau Flynn Brent Hubbs Lynda & Russ Bruch David Gold Ivey Society, Benefactor John F McCartney Craig & Judy Jarvis Glen Kearns Alicia & Tony Cestra Kevin Higgins Anonymous T Alan Wright Denise C MacDonald Jamil Nazarali Greg W Johns Peter Mathieson Andrea & Joseph Bergstein Ian McPherson Randal Price Other Annual Fund Lisa Rothney & Bruce Rothney Stuart Morris Steven Bloom Contributions Mike Thorfinnson Bradley Rome Kimberly Facca & James Other Annual Fund David Samuel Anonymous David N Wilson Jim Semple Barltrop Contributions Michael Seliga Mark D Applebaum Jamie Ziegel Paul St Amour Isabelle Trempe Catherine Addison Robert Stark Stephanie J Brooks Bryan Tatoff J Atha Other Annual Fund Other Annual Fund Michelle A Butler James Verwaayen Philippe Bergeron Contributions Contributions Michael Carleton Anonymous Laura Berkmortel Jim Cullen Brent Choi Anonymous 2011 ANNUAL REPORT — 59 Contribute to Tomorrow HBA, DBA & PhD In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Jeremy Cole Leon Gurevich David Fisch Lindsay Holtz Trevor Hand Other Annual Fund Karina Eichenberg Ellen R Jarmain Mark C Gross The Hunter Family James Kay Contributions (Abramovich) Peter Kalen James Jung Robbie M Kumer Ginny Lee Sterling Anonymous Andrew Fletcher & Family Christina Maco Connie & Key Kasravi Alan Lever Robyn Sacks Anonymous Michael D Klinck Rob & Sandra Montanino Andre Leung Robert & Amanda Levine Anonymous Antoni Krajewski Jeannine Pereira Craig McDowell Lee Merovitz Lisa Bean Pauline Martin & Family Paul Takasaki Marco Petta Ryan Morris HBA 2002 Julia Bouvet Geoffrey L Matlow Matthew Burbridge Laurie Tucker Todd M Purdy Matt J Nicholls Total: $5,190 John McNain Robert Cherun Judith Schulich Eric Plesman Participation: 9% Paula J Puddy Greg Secko Dan Shadd Jennifer Denniston Ivey Society, Benefactor Nigel P Robertson HBA 1996 Nicolas Doin Angela & Michael Switt Elaine Shiu Jeff & Amy Baryshnik Gordon V Sandford Lauren Weinzweig Andrew Smith Ebrahim El Kalza 15th Reunion Social Ivey Society, The First Darren J Wallace Andrea Young Stanley Tse James Guttman Committee: Decade Society Glen Webster Sohail Lalani David C Burnie, Reg Jackson, Kate Lawrence James R Witmer Richard Kim, Kate McQuillan, William Leibel Sandro Morassutti HBA 1998 HBA 2000 Other Annual Fund Raymond Ling Contributions Fundraising Committee: Seth Ross Centslass Ag : Aindrea Centslass Ag : Stefan Anonymous HBA 1994 David Rawlings, Kevin Daniel Sorger Cramp, Brian Huen Bortolussi, Davin Li, Mike Anonymous Williams Stacey Weisberg Total: $9,071 Total: $4,701 Ritchie Anonymous Total: $33,500 Participation: 12% Participation: 12% Total: $7,134 David Brebner Participation: 10% Participation: 10% Ivey Society, Patron Ivey Society, Benefactor James Brooks Ivey Society, Patron HBA 2005 William Balassone Aindrea Cramp Ivey Society, Patron Winnie Cheng Tasha & David Rawlings Ryan Gledhill Mark Murski Michael Ritchie Peter Christamtsis Centlass Ag : Steve Kenning Kevin Williams Ivey Society, Benefactor Matthew Sheahan Ivey Society, Benefactor Pavithra Dharwarkar Total: $6,527 Ivey Society, Benefactor Keira & Kevin Brown Scott L Zack Adrian Dougherty Participation: 7% Richard Kim Other Annual Fund Chanda Carr & Peter Contributions Ivey Society, The First Reuben N Ellis Ivey Society, Benefactor Giacomelli Other Annual Fund Neel Dayal Decade Society Ryan Gendron Amy & Jeff Baryshnik Contributions Other Annual Fund Jeff Fields Duska Kennedy & Andrew Erin Huff Mark Laing Anonymous Kennedy Contributions Mark Halpren Nick Koutsoukis Michael Yue David C Burnie Anonymous Geoffrey Herzog Other Annual Fund Olivia Lee Cameron Jeffreys Ivey Society, The First Laura E Alexander Tina Jackman Contributions Ashish Ondhia Decade Society Karin Mueller Anonymous Andre C Barrett Ted Jennings Jeffrey D Wilson Erich L Isopp Mark Richards Michael & Jaclyn Barr Wendy & David Barron Jason Menard David Jagodzinski Martha Schrader & Dirk Stefan P Bortolussi Jeffrey Bell David Nash Aaron Minocha Schrader Jeffrey Brown Bryan Carlson Andrew Stewart HBA 2003 Other Annual Fund Jeem Sirivar Kris Galashan Glenn Cressman & Sarah Tracey Thomm Victoria J Sweeney Total: $1,870 Contributions Colman Chris Lumley Scotty Vanderwel Anonymous Ben Thomas Participation: 5% Donald Hutchison Sara McCormick Daryn Wyllie Mathew Abramsky Anonymous Angela Roussel Shelley Rastogi Colin Bogar Anonymous Karin Wiens Darryl Rose Donald Forbes HBA 1997 Aly Champsi Peter Wilcox HBA 1999 Jeffrey Formanek Centlass Ag : Eliza O’Neil Keren Ehrenfeld Krista K Wylie James Kufsky Total: $17,180 Total: $14,516 David Fugman Kieran Young HBA 2001 Devon V Leckie Participation: 21% Participation: 21% Marco Malerba 10th Reunion Social Jonathan Paul Brian McWilliams Ivey Society, Founders’ Ivey Society, Patron Committee: Louise Poole Anonymous Andrew Parkes & Bill Parkes HBA 1995 Circle Jonathan J Anderson, Michael Shour David Wood Daniel Fong Michael Lazarovits, Vuyiswa Andrew & Neeta Sarta Total: $4,400 Benjamin Sucher M’Cwabeni, Asheefa Sarangi Kevin Saskiw Participation: 14% Ivey Society, Deans’ Circle Ivey Society, Benefactor Mark Trovato Ryan Finch John Bayliss Fundraising Committee: David Simons Ryan Urban Ivey Society, Benefactor Stuart Elman Trevor Hand, Maly Hout Rohit Bhapkar Ivey Society, Patron Bernstein, James Kay Daniel Zatzman Sandra Bosela Nicole T (Piscione) Musicco Peter Giacomelli & Chanda Phillip Pon Total: $4,193 HBA 2004 Carr Ivey Society, Benefactor Participation: 6% Joel McLean Jennifer Boulanger & Brian Other Annual Fund Centslass Ag : Roz Angus, HBA 2006 Boulanger Contributions Ivey Society, Benefactor Candice Carson, Jenni Other Annual Fund Chris Dorland Anonymous Sunny Mehra Denniston, David French 5th Reunion Social & Contributions Fundraising Committee: Joseph J Lo Eric Bolduc Mark Schachter Total: $4,507 Anonymous Chris Candy, Elana Chan, Jenn Carkner Participation: 9% Arul & Associates Eliza O’Neil Other Annual Fund Kristen Cornell, Christopher Melanie & Ted Cooper Contributions Alastair Caddick Santosh N Prasad Ivey Society, Benefactor Cruz, Courtney Harbin, Aaron Dave DeNoble Anonymous Kenyon Tse Hay, Bill Hennessey, Sabrina Nicholas Cheung Other Annual Fund Ram Amarnath K Ceccarelli, Brian Polsinello, Contributions Andrew J Fortier Ivey Society, The First Graham Evanoff Shaloo Savla, Monica Tang, Anonymous B G Foster Jaclyn & Michael Barr Decade Society Jason Evdoxiadis Anton Vidgen, Shamez Virani, Domenic D’Alessandro Scott Foster Ethan & Maly Bernstein Jared Breski Grant Gibson Kimberly Yeung Derek Dietrich Steve Gibson Jeffrey DeBlock James Kim Harley Greenspoon

60 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

$5,000–$9,999 $100–$999 Deans’ Circle The First Decade Society $2,500–$4,999 Patron

Total: $18,534 HBA 2008 HBA 2010 Nhu Thao Dang DBA PhD Participation: 7% Jeffrey Dill Total: $4,315 Centslass Ag : Ashley Merv D’souza Ivey Society, Benefactor Ivey Society, Founders’ Ivey Society, Deans’ Circle Kennedy, Richard Wong Staffen Family Participation: 7% Bader Elkhatib Donna & Fred Berlet Circle Total: $3,761 Angie Francolini & Tony Ivey Society, Deans’ Circle Aman Gandhi Gary Davis Ivey Society, Benefactor Participation: 10% Francolini Christopher Cruz Staffen Family Jennifer Gautier Miguel Fernandez Barbara & Cedric Ritchie Ivey Society, The First Ivey Society, The First Jenn Green Moffat R Hill Ivey Society, The First Decade Society Decade Society Stephanie Griffiths Other Annual Fund Ivey Society, Benefactor Decade Society Anonymous Dr M Kathryn Brohman Adam Bortolussi Robert Davis Brittney Heisz Contributions Burke Adams Dr Rebecca Grant & Dr David Kristen Cornell Rahim Ladak Angela Hui Colin R Barclay Mila Bojic McCutcheon Derrick Fournier Sara Lear Matthew Hyland Joseph Baxter Jory Cohen Fraser Johnson Stephanie Ho Reed McDonnell Sandra Janus Andrew Billingsley Charles Dieu Shige Makino Terence Jou Geoffrey McLeod Jon Jhun Lawrence Blaine Emily Du Ivey Society, The First Peter MacEwen Neil Peet Louise Johnson Richard Carr Max Torokvei Jennifer Eldridge William Copping Decade Society Allison Price Matthew Kaplan Tripti & Arjun Bhardwaj Britney Fleischmann W E Davis Other Annual Fund Other Annual Fund Isaree Kasemphaibulsuk Jacob YunKyung Cho Contributions Clare Herlihy Arthur Foster Contributions Josh Lexier Dr Dominic Lim Anonymous Tasom Jeong Anonymous Yue Li Mary B (Gemmell) Francis Anonymous Telha Khattak Other Annual Fund Christie Bartram Charron Garros Li Donald Grossman Anonymous Stephanie Laks Donna McDonald Contributions Sabrina K Ceccarelli Jeffrey Lindquist Anonymous Anonymous Kristine Leavitt Mary McGee Johnathan Gibson Lesley Meng Dr Neil A R Abramson Omar Al Jabri Richard Martin James McGinn Courtney Harbin Elijah Moore Sadrudin Ahmed Tamar Arje Divya Narayanan Robert McLaughlin Amanda Hsueh Allison Nevin Christopher Bart Jill Brush Natasha Neal George Peek Franky Ng Catherine Nicholls Bill Blake Benjamin Dickie Lauren Riggin James Powell Brian Polsinello Ernest Pang Yolande Chan Nathalie Hull Tarak Saha The Late H Marie Smibert Kasia Smith Johnny Paterson Nicholas Close Jing Lin Chris Selby Bob Smyth Lisa (Shore) Turner Trina Poulopoulos Rosaire Couturier Ashley Riske David Sklash Nunzio Spino Anton Vidgen Andrew Rowland Bernard Garnier Daniel Sacks Markus Sturm Terrence Stafford Shelly Wu Ryan Ruppert Dr Jacques Grise Justin Toribio Alex Sy Cdr W Bruce Wilson Kimberly Yeung Jessica Shum Nicole Haggerty Kristin Tran Karen L Thorne Alexandra Silverberg Dr Andrew Inkpen Stephen Wyprysky Jonathan To Wendy Staroselsky Mark Townsend Helen Kelley HBA 2007 Brendan Stevens Richard Wong Kerry McLellan Melody Zui Tao Total: $4,013 HBA 2009 Jessica Woods Charles Mossman Melanie Thomas Participation: 7% Philip Young Christopher Plouffe Centlass Ag : Lisa Kendrick Sydney van Delft Brian F Smith Ivey Society, The First Other Annual Fund Total: $3,715 Lauren Vandervoort Dr D Sandfield Staples Decade Society Contributions Participation: 4% Bradley Wong Jonathan Batson Anonymous Daniel Szpiro Yin Xu Denise D’Avella Ivey Society, Benefactor Andrea Csiba Racha El-Ladki Lydia Yu Jeffrey Greenspoon Mitch Freed Marlena Zabielska Oli Small Ivey Society, The First Josh Howard Matthew Sobczyk Decade Society Ashley Kennedy Other Annual Fund Anonymous Matt Vines Tansik Koyuncu Contributions Stephanie Dorman Lulu Li Other Annual Fund David Leith Paul Jun Katelyn McIntyre Contributions Mudasir Marfatia Stefanie & Michael Block Catalina Lopez Rebecca Risberg Merridyth Coyle Igor Lukac Bing Han Steve Murray HBA 2012 Brendan Howard Michael White HBA 2011 Ivey Society, The First Stephanie Hui Kris Wong Centlass Ag : Ryan Chang Decade Society Shaunt Kalloghlian Other Annual Fund Daniel Asper Total: $4,730 Lorcan Kilmartin Contributions Valentina Bardorf Participation: 11% Jennifer Lomax Federico M Berruti Harrison Glotman Alex McMurray Leslie Chan Ivey Society, The First Kelly Panes Tyler J O’Hagan Dustin Maleganeas Decade Society Amanda Robinson Anonymous Andrew Rapsey Scott Reaume Gina Ruttan Lauren Amato Emilka Sage Ryan Riese Jacob Simon Meredith Bacal Tanya Tay Ian Shaw Jonas White Jason Bae Ruth Teng Stephen Shedletzky Kevin Wiener Meghan Bridges Harish Venkatesh Suhashini Vittal Jaclyn Cairns Nicole Verkindt Stephanie Cheung Calvin Yu Harriet Chung

2011 ANNUAL REPORT — 61 Contribute to Tomorrow Faculty, Staff & Friends In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

Faculty, Staff & Ivey Society, Benefactor J Byron Adams Bequests Heather M Kitchen, MBA ’92 In Memoriam Anonymous Terra Ahrens Louis Lagassé, MBA ’73 Friends Bruce Barker Farah Alshaar Anonymous Douglas M Lambert, and in Honour Catharine Buckingham Anonymous HBA ’69, MBA ’71 Ivey Society, Founders’ Vivek Bhat Gifts Charles Chang Howard Bogler Anonymous Christopher H Lang, HBA ’64 Circle Gereifts w made in Anonymous The Late Honor F E Lemon Judy & Murray Bryant Mark Cho Louisa Bomben Memory of: Anonymous Andrew G Lonseth, MBA ’80 Kathleen & Ron Close Connie Clerici Barbara Breese Gregory W Affolder, MBA ’94 Anonymous David K Lowry, HBA ’64 Bea & Purdy Crawford Kelly Cole Stephanie J Brooks Anthony Bomben, MBA ’62 Anonymous Duncan P Macgregor, HBA ’64 Richard J Currie Aindrea Cramp Sarah Buck Caroline A Brohman, HBA ’91 Anonymous The Late Samuel W McCoy, Dominic D’Alessandro, O.C. The Cuddy Family Julie B Veronica Coady Anonymous HBA ’51 Janet De Silva Jean-Paul Deveau Pavel Cancura Stephen Cuddy Anonymous Lynne & Paul McCrea, MBA ’60 Paul Guy Desmarais Chris Fountain Caroline Chapman M Elizabeth Dillon Anonymous Steve McDonald, MBA ’83 Foundation Western & Alumni Lyndon Friesen Jenifer Cho Wail H El-Awad, MBA ’02 Western Anonymous David R McGregor, MBA ’86 Wayne Gale Celia Clutton Paul Feig, HBA ’91 Peter & Shelagh Godsoe Anonymous Donald McIntosh, MBA ’58 Barbara & Andrew Grindlay Rachel A J Condie Yvon Gervais Thomas Howard Anonymous Robert D McMurdo Peter Gustavson Mark Daitchman Blake N Gilmore, MBA ’71 IVEY Alumni Association, Anonymous Mona & Keith Munro, HBA ’64 Alan R Hibben Jennifer Denniston Alexandra J Hurst Toronto Anonymous Rosemary (Schauf) Pahl, Bashar Hussien Diane Derenzis Professor C B Johnston, Richard M Ivey Family & Ivey MBA ’71 IVEY Alumni Association, Edna Staebler Public School Neil M Armstrong, HBA ’49 HBA ’54, MBA ’57 Foundation The Late Dr R Allan Patterson, British Colombia The Late Edward G Aust, Education by Inclusion Inc MBA ’67 Eugene E Macchi, HBA ’75 Jim Leech & Deborah Barrett Dana James HBA ’38 James A Erskine The Late Lloyd J Raney, HBA ’56 Sidney F E May, MBA ’58 Claudette C MacDonald & William E & Deborah A Aziz, Fraser Johnson Carol & Mike Ferringo & Family William A McCleary, HBA ’94 Donald J MacDonald HBA ’79 Douglas M Reid, HBA ’58 Cynthia Lee Stephen Foerster Dr Al Mikalachki, MBA Association Walter R Badun, Catherine Paquet & Pierre Hugh Loomans MBA ’60, PhD ’64 McCain Foundation Catherine Garrison DBA ’55, MBA ’57 Rivard, MBA ’83 Norm MacArthur Bill W Volk, MBA ’82 The Honourable Margaret Terri Garton Dr Ralph M Barford, LLD Thomas J Pressello, HBA ’92 Robert MacDonald McCain & The Late Nicole Haggerty Gerald Beasley, MBA ’68 J Wayne Rogers, HBA ’72 Wallace McCain Roberta MacGillivray Tara Jacobs G R (Bob) Blake, HBA ’46 C John Schumacher, MBA ’84 The Jean C Monty Family Maple Freight Partnership Gereifts w made in Michelle Jaques Dr Leslie Bowd, MBA ’83 William Shurniak, LLD The Wesley & Mary Nicol Dorothy Mikalachki Honour of: Tammy Johnston Susan & John Bowey, MBA ’73 Ronald J W Simpson, MBA ’69 Charitable Foundation Jim Nowakowski Bill Brock, MBA ’63, LLD Robert Kieswetter Tom Brent, HBA ’59 Susan A Carlyle & David G Hartley & Heather Richardson Eugene E Macchi, Jamie O’Born Maureen Kirvan Southern, MBA ’86 Douglas G Brock, MBA ’61 HBA ’75, LLB ’78 Richardson Foundation Suleyman Odemis The Staffen Family – Rob Peter Koutsoubos Geoff & Nancy Browne, Barbara & Cedric Ritchie (HBA ’80, MBA ’02), Sharon, Doreen M McKenzie-Sanders Sean O’Regan Karen Macchi Schall HBA ’77 Alan Querney, HBA ’54 Paul Seed Allan Reesor Julia (HBA ’06), Kim Malcolm Heather & Neil Campbell, Matt (HBA ’08) & Candra Brian & Heather Semkowski Michael Robinson M Suleman Malik HBA ’82 Family Foundation Carol Stephenson, O.C. Patrick Robinson Wendy Carriere, MBA ’83 John McCamus Eileen & Robert Stuebing, William Shurniak Gordon Smith Barb McLean & Mort Mitchnick Gaylanne Phelan & The Late MBA ’74 Sisters of St Joseph of the Jasmine Herlt & Doug Steiner Richard H Chenoweth, Diocese of London Bertrand & Myrna Mendis The Late Lawrence G Tapp Martin Stocker MBA ’78 Carol Stephenson, O.C. Melissa Milloy & Family Klaus H Thiel, MBA ’71 Dawn Tattle Linda & Randall Craig, HBA ’86 Helene Nakhle Mary & George B Turnbull, The Late Elizabeth Stanley Marie-Anne Desjardins, Wendy Tayler HBA ’49 Sullivan Georges Nakhle MBA ’98 Irving Teper Sonya P Ulrich, HBA ’58 Melinda & John Thompson Harsharan Nandhra Margo & George Enns, HBA ’59 Stewart Thornhill James A W Van Slyck, HBA ’64 United Way of Greater Toronto Champa Neal Karyn & Kevin Erker, MBA ’91 Keith Toppazzini Wendy M Whyte, MBA ’83 Women in the Lead Kerry O’Brien James A Erskine, MBA ’67 Paul Valentine William P Wilder David Wood Rita Porter Brian R Foster, HBA ’75 Vemco Barbara & John F Wood, Ivey Society, Deans’ Circle Phyllis Quick Morna J Fraser, MBA ’89 Cathy Vitkauskas HBA ’64 Aqueduct Foundation-Brooks Imran Qureshi Stephen G Friday, MBA ’82 Timothy Walter Donald P Woodley, MBA ’70 Family Charitable Fund Professor Vaughan Radcliffe Douglas Grant, MBA ’67 WFS Ltd Alicia Zavitz IVEY Alumni Assoc, Calgary Rosemina Rajan Douglas P Hayhurst, HBA ’69 Tim Wiens Dr Michiel R Leenders Marvi Ricker Kathleen J & Mark E Henning, Gordon Nixon Ian Wilson Louise Spencer MBA ’84 Grant & Mona Rasmussen Paul Woolford The Mireille & Murray Thomas P Howard, MBA ’72 Lawrence Tanenbaum Ivey Society, The First Steinberg Family Foundation A Margaret Hughes, HBA ’42 Ivey Society, Patron Decade Society Mary Townshend Dr Richard & The Late Beryl Jaclyn Cairns Wayne Adlam Eleni Vaiopoulos Ivey, HBA ’47 Trina Poulopoulos Tania Martin & Stephen Dowd Sandra Workman Randall Jang, MBA ’77 Zev Frishman Other Annual Fund Stephanie Young Robert A Jennings Jonathan & Nita Hunter Contributions Don Zinyk Carol Johnston & Family Anonymous Eric Morse Jean & James Keenleyside, Anonymous HBA ’65 Anonymous Margaret A Kimball, HBA ’60

62 — 2011 ANNUAL REPORT Ivey Society $10,000+ $1,000–$2,499 Leadership Founders’ Circle Benefactor Levels

Corporate & $5,000–$9,999 $100–$999 Deans’ Circle The First Decade Matching Gifts Society $2,500–$4,999 Patron

Corporate Polar Securities Inc OMERS Matching Gifts RBC Capital Markets Ontario Teachers’ Pension Plan $250,000 to $499,999 Research in Motion Procter & Gamble Inc Matching Gift Companies Scotiabank Rogers Communications Inc RSM Richter LLP Alliance Data TD Bank Group Sapient S C Johnson & Son Ltd Assured Guaranty Corporation $100,000 to $249,999 SECOR Consulting SAP Canada Bell Canada ING DIRECT Southwest Sun Inc Sleep Country Canada BMO Financial Group BMO Financial Group Sun Life Financial Softchoice Corporation BP Canada Inc CIBC Suncor Energy Inc Stacey Muirhead Capital Cenovus Energy Deloitte & Touche LLP Teck Resources Limited Management Chevron Corporation J Armand Bombardier Teknion Summerhill Venture Partners CSL Group Inc Foundation TELUS Corporation TAQA North EnCana Corporation The Globe & Mail Tembec Inc Union Gas, A Spectra Energy Ernst & Young KPMG Enterprise Company Tim Hortons Inc Fidelity Investments McKesson Canada Canada Ltd Unilever Canada RBC Franklin Templeton Other Annual Fund Investments $50,000 to $99,999 Contributions General Electric Canada Inc Astra Zeneca 3M Canada Company GlaxoSmithKline Foundation Certified Management Accenture Inc Accountants of Ontario Goldman, Sachs & Co Aeroplan Great-West Life, London Life Google AltaGas Ltd and Canada Life IBM Canada Ltd Angels Gate Winery Medtronic of Canada Ltd Investors Group Inc Barrick Gold Corporation National Bank Financial Ivanhoe-Cambridge CDP Markets Bennett Jones LLP Capital Real Estate Group BMO Capital Markets $25,000 to $49,999 John Deere Foundation IBK Capital Corp Brookfield LePage Johnson KPMG Foundation Controls IBM Canada Ltd Labatt-Interbrew North Business Development Bank McKinsey & Company America of Canada PricewaterhouseCoopers LLP Marsh Canada Limited Canadian Surgical MMC Matching Gifts Program $10,000 to $24,999 Technologies & Advanced Anonymous Robotics Morgan Stanley Anonymous Carlson Wagonlit Travel Oliver Wyman Anonymous CB Richard Ellis PCL Constructors Inc AGF Management Limited Covington Capital Corp Procter & Gamble Fund BC Hydro Credit Suisse First Boston Rio Tinto Alcan Inc Bell Canada Canada Inc TELUS Corporation Birch Hill Equity Partners Crown Minerals Inc TransCanada PipeLines Limited Boston Consulting Group of Edgehill Partners Wells Fargo Foundation Canada Ltd Federation of Chinese Canadian Pacific Canadian Professionals (Ontario) Education Cisco Systems Foundation Davis & Henderson Limited General Mills Canada Inc Ernst & Young LLP Gowlings Fasken Martineau Grand & Toy Ltd DuMoulin LLP Gryphon Partners G4S Cash Services Harry Rosen Inc Goldman, Sachs & Co Health Technology Exchange Home Depot Inc Holcim (Canada) Inc HSBC Bank Canada Institute of Chartered Imperial Capital Group Accountants J D Irving Limited Ivanhoe-Cambridge CDP KingSett Capital Inc Capital Real Estate Group LoyaltyOne Kraft Canada Inc Manulife Financial London Economic Corporation Development Corporation Maple Leaf Foods Inc MaRS Innovation Maple Leaf Sports & Mattamy Homes Limited Entertainment McCormick Canada Inc MITACS Monitor Company O’Leary Funds Morgan Stanley Canada Ltd Pelmorex Media Inc NAL Resources

2011 ANNUAL REPORT — 63 Repeat. Discov er. Challenge. TRANSFORM. Lead. Contribute.

64 — 2011 ANNUAL REPORT Repeat. Discov er. Challenge. TRANSFORM. 2011 Highlights Lead. Contribute. Year in Review 2011 Highlights

January February

Donald L Triggs Lecture – David Emerson Professor Paul sees opportunities ahead Fairfax CEO shares David Emerson, a noted politician and member Beamish publishes investing insights of the Queen’s Privy Council, shared insights at th 10 0 pa pe r Prem Watsa, MBA ’74, Chief Executive Officer of the annual Donald L Triggs Lecture in International Fairfax Financial Holdings Ltd., shared his approach Business. High-level connections with growing Paul Beamish, HBA ’76, PhD ’85, and an award- on value investing with Ivey students. Known as emerging world powers, such as China and India, winning researcher, reached a career milestone Canada’s Warren Buffett, Watsa enabled Fairfax will have a significant impact on Canada’s future by publishing his 100th research paper, titled to be one of the few financial companies to thrive international business relationships, stature and “Geographic and Product Diversification in during the economic crisis. profile, and the opportunities they bring. Charitable Organizations.” The paper was published in the Journal of Management.

March

Michael McCain outlines Maple Michiel Leenders recognized Leaf strategies for leadership Michael McCain, HBA ’79, Chief Executive Officer Michiel (Mike) Leenders, Professor Emeritus, of Maple Leaf Foods, spoke to MBA students about founder and director of the Ivey Purchasing the strategies that helped his company weather the Managers Index, received the John H. Hoagland listeriosis outbreak in 2008. Award for Distinguished Service for his contributions to the field of purchasing and supply management. MBA students take top place Adrienne Clarkson keynote speaker at sustainability conference th Four Ivey MBA students won first place in the 6 Former Governor General Adrienne Clarkson was Annual Boston University International Tech Strategy among leaders to speak at a student-organized Business Case Competition. The students, James sustainability conference that engaged the public Larsen, Paul von Martels, Hussein Govani, and Daniel and the Ivey community in a discussion about Moro, took home first place among 16 MBA teams sustainable growth. from around the world.

April May

HBA students win top spot at global Learning Through Action raises $31,000 Index reflects entrepreneurs upbeat case competition Ivey students raised more than $31,000 for the Boys about economy Meghan Bridges, Cameron Bossert, Will Meneray and and Girls Club of London by selling lemonade at more With the generous support of KPMG Enterprise, Brendan Stevens, all HBA ’11, won the Global Business than 70 stands in London and Toronto. The project the Ivey Entrepreneurs Index – released twice a year Case Competition at the Foster School of Business at was part of a Learning Through Action course, which and reflecting the economic outlook of Canada’s the University of Washington. gives students a chance to apply their knowledge entrepreneurs – indicated business owners were and leadership with action that gets results. upbeat about the economy, with 92 per cent expecting revenues to increase.

Anne Snowdon appointed Chair

Nurse, inventor and business professor Anne Snowdon was appointed Chair of the Ivey International Centre for Health Innovation. June July September

Report calls for water tech innovation McKinsey case competition tests ISC-Ivey Case Competition – Ivey grows Ivey’s Lawrence National Centre for Policy and cross-enterprise skills number of Asian cases Management launched a report that called for MBA students Andrew Ganton, Griffin Gettas, Top cases from the ISC-Ivey Case Competition 2011, business, government and academia to consider Jacqueline Hogan, Jun Ma, Pat Mahapatra and co-sponsored by the Indian School of Business in stricter conservation, efficiency and economic Deborah Terayama won a case competition association with Ivey and the Association of Indian competitiveness through innovative water sponsored by McKinsey & Company. The Management Schools, will now become part of Ivey technologies, at the Canadian Water Summit held competition involved three rounds and was Publishing’s collection of Indian business cases. Ivey in Toronto. judged by faculty and alumni volunteers. Publishing is the world’s largest producer of Asian business cases.

Ivey Publishing expands distribution August through iTunes JJ Wettlaufer Lecture – Students learn Ivey’s vast library of business cases is now partly the value of non-profit work Dean Stephenson joins PM Harper in available through Apple’s iBookstore. The new Speaking as part of the J.J. Wettlaufer Distinguished Latin trade tour distribution channel brings Ivey’s cases to the Visitor Lecture Series, Craig Kielburger urged Ivey Dean Carol Stephenson was among a group of attention of a wider audience, said Paul Beamish, students to put their business education to work Canadian business leaders who went on a Latin Director of Ivey Publishing, in a story reported by for good rather than pursuing wealth. Kielburger American trade tour with Prime Minister Stephen FT.com: “It supports our emphasis on making Ivey is founder of Free The Children, a non-profit Harper. Stephenson was optimistic about increasing cases easily accessible to everyone.” Ivey Publishing organization that advocates for the rights of children. trade with Brazil. “We’re certainly trying to figure out began with more than 500 cases available for ways we can leverage our strengths together,” said download at $3.99 each through the free iBooks app Stephenson, while at Harper’s keynote address in for iPad, iPhone or iPod touch or at www.itunes.com. São Paulo. The trip included visits to Brazil, Colombia, Costa Rica and Honduras to form ties with the region and work on trade partnerships.

October Finance Minister Flaherty trumpets public service Homecoming at Ivey’s new home Finance Minister Jim Flaherty urged Ivey students Dean Stephenson welcomed more than 1,000 to consider changing the world around them and alumni and friends who reunited at the School’s become the leaders of tomorrow by considering new building for Homecoming 2011. This year’s Ivey a career in public service. Dean Carol Stephenson Distinguished Service Award recipients were Bob encouraged Ivey students to heed Minister Flaherty’s Brouillard, MBA ’66, Barbara Fraser, HBA ’71, Don call. “As the next generation of leaders, you are in a McDougall, MBA ’61, and Joe Shlesinger, MBA ’86; position to imagine what kind of world you want to and the Alumni Faculty Service Award recipient live in and then lend your energy, skills and talent to was Professor Ken Hardy, HBA ’63. help make it that way,” she said.

Ivey Business Leader Award – Ed Clark honoured December Ed Clark, Group President and Chief Executive Officer, TD Bank Group, was honoured with the 2011 Dean Stephenson Ivey Business Leader Award for his success in banking and for his contributions to the community. named one of Canada’s most powerful women

November For a third time, Dean Carol Stephenson, O.C., Government was a recipient of the 2011 Canada’s Most tours Phase 1 Powerful Women: Top 100™ Award presented Global Ivey Day – a worldwide success by Women’s Executive Network. Global Ivey Day was a worldwide success, with Federal and provincial government representatives more than 1,700 alumni and friends from almost got a sneak peek at the first phase of construction of every corner of the world participating in 39 events Ivey’s new building in recognition of the $50 million in 23 cities. provided by both governments towards the $110 million total project cost.

Thomas d’Aquino Lecture – Honourable Michael Wilson urges leadership The Honourable Michael Wilson, former Finance Minister and Canadian Ambassador to the United States, spoke at the Lawrence National Centre’s 6th Annual Thomas d’Aquino Lecture on Leadership. Wilson encouraged students to take on roles in each of the private, public and non-profit sectors in order to become better leaders. Richard Ivey School of Business 1151 Richmond Street North, London, Ontario N6A 3K7 Phone: (519) 661-4222 EFMD Fax: (519) 661-4027 Email: [email protected] Web: www.ivey.ca