Walter E. Heller College Of Business Administration

SIP: SHARING INFORMATION ON PROGRESS REPORT

Roosevelt University PRME SIP Report 2012 A Word from the Dean

Dear Director,

This letter is to inform you of the deep and continuing commitment to the Principles of Responsible Management Education on the part of the Walter E. Heller College of Business Administration. With this letter is a report on our progress against each of the principles indicating our depth of activity for each.

The Walter E Heller College of Business Administration has a long-standing history of applying these principles even before the term “sustainability” was coined and long before this idea became popular.

We believe that this confirms our commitment.

This report has helped us identify gaps or needs for improvement on each principle and we are taking action to fill those needs immediately. As we think our students benefit from this perspective, we are taking action to improve those benefits.

We are proud of our accomplishments to date and enthusiastically anticipate new actions for the future. The UN-PRME is a guide for us in this activity. I’m sure that you will agree that we have accomplished much and are poised to do a great deal more. Sincerely,

Terri Friel Dean, Heller College of Business

2 The Heller College of Business

The Heller College of Business (HCB) is one of six colleges located within Roosevelt University. Roosevelt University is a private, non-profit, metropolitan university with campuses located in downtown Chicago, Illinois and in Schaumburg, Illinois. It has a rich history of commitment to social justice and to values that provide access to higher education for a diverse student body. HCB’s Mission

Mission. Roosevelt University's Walter E. Heller College of Business provides a diverse population of students the best opportunity to develop critical skills necessary for success. This education emphasizes professional integrity, sustainable business practices, and global engagement.

WEHCBA students learn, experience, and gain an edge in the workplace through instruction in leadership, critical thinking, business marketing, finance, operations, management and information technology. They benefit from practical experience and real-world access achieved through internships available at leading Chicago-area businesses and through the dynamic instruction and guidance from our seasoned faculty and staff. The College offers business education with today's economy in mind. Programs focus on practical application and success in today's global corporate environment that integrates an emphasis on personal and professional integrity, as well as the importance of social responsibility.

WEHCBA’s mission is linked to the mission of Roosevelt University through its vision, policies, and procedures. Roosevelt University has a rich history that is inspired by principles of social justice. It strives to educate socially conscious citizens who are tomorrow leaders both within their professions and communities (see Exhibit A). The university recruits, retains, and graduates a diverse student body that is committed to social justice. The commitment to social justice has defined Roosevelt University since its formation in 1945. The University was born out of a courageous act by the faculty members and then university President Edward Sparling over a social injustice. Shortly after World War II, the board of directors of a currently-existing university asked the president to develop admission quotas for women, racial, and religious minorities. This was not to be developed as an affirmative action plan; rather it was intended to consciously restrict these groups’ access to the university. The president refused and left the institution, accompanied by more than half of the faculty members and staff, and a very large part of the student body. Together, they chartered the Thomas

3 RU Mission RU Mission Roosevelt University is a national leader in educatingRoosevelt socially University conscious is a national citizens leader for in activeeducating and dedicated socially consciouslives as leaders citizens in for theiractive professions and dedicated and their lives communities. as leaders in their professions and their communities. Jefferson College and subsequently, with the strong support and The University's student-centered faculty andThe staff University's inspire academically student-centered qualified faculty guidance of Eleanor Roosevelt, they established Roosevelt studentsand staff from inspire diverse academically backgrounds qualified and all University. agesstudents to benefit from from diverse rigorous backgrounds higher and all educationages to benefitand professional from rigorous development higher Roosevelt University was founded on one fundamental principle, opportunitieseducation and in theprofessional dynamic Chicagodevelopment that everyone who meets its admission standards would be metropolitanopportunities environment. in the dynamic Chicago welcome, regardless of gender, race, or religion. By 1948 the metropolitan environment. Deeply rooted in practical scholarship and university had incorporated into its mission a statement that principlesDeeply rootedof social in practicaljustice expressed scholarship as and foreshadowed the 1964 U.S. Civil Rights Act and by 1968, had ethicalprinciples awareness, of social leadership justice expressed as formally added sexual orientation to its list of nondiscriminatory development,ethical awareness, economic leadership progress and civic categories. More than 60 years after its founding, Roosevelt engagement,development, Roosevelt economic University progress and civic engagement, Roosevelt University continues to honor its founding principle of equal opportunity while encourages community partnerships and preparesencourages its diverse community graduates partnerships for and continuing to honor its history of excellence. responsibleprepares its citizenship diverse graduates in a global for society. responsible citizenship in a global society. The Walter E. Heller College of Business Administration embraces Vision Statement Roosevelt University’s mission of social justice through its Vision Statement adoption and public advocacy of the Principles of Responsible Roosevelt University will recruit, retain Roosevelt University will recruit, retain Management Education. These principles are reflective of our and graduate a diverse population of studentsand graduate who are a diverseacademically population prepared of to fundamental belief systems. They build on a long history of benefitstudents from who the are University academically experience prepared and to dedication to social justice in the marketplace, one in which the to benefitbecome from responsible the University citizens experience in a global and college has historically incorporated corporate social responsibility, society.to become responsible citizens in a global society. social justice, and ethical practices into its curriculum. For Roosevelt University will attract, develop, example, more than 50 years ago, Business & Society, now the andRoosevelt retain dedicated, University excellent will attract, teachers, develop, official journal of the International Association for Business and scholars,and retain artists dedicated, and professionals excellent teachers, from diversescholars, backgrounds artists and whose professionals work gives from Society, was founded by Roosevelt University business faculty diverse backgrounds whose work gives members. them visibility beyond the classroom and whothem are visibility committed beyond to making the classroom a significant and differencewho are incommitted the lives toof makingtheir students a significant and thedifference community. in the lives of their students and the community. Roosevelt University will earn national recognitionRoosevelt for University its distinctive will earn metropolitan national The Report on Progress focusrecognition and its rigorous, for its distinctive innovative metropolitan curricula in focusthe liberal and its arts rigorous, and sciences, innovative the curricula in the liberal arts and sciences, the This report provides information on actions taken by the Walter E. performing arts, and select professional degreeperforming programs. arts, and select professional Heller College of Business to incorporate the United Nation’s degree programs. Principles of Responsible Management Education (PRME). The Roosevelt University will foster and Roosevelt University will foster and report is organized around the six PRME principles with examples support a visible network of action- orientedsupport learning a visible experiences network of for action- students of activities that demonstrate HCB’s progress.. andoriented alumni learning as part of experiences its historic for students commitmentand alumni to as social part of justice. its historic commitment to social justice. Roosevelt University will act as a catalyst in Rooseveltthe community University through will strategic act as a catalyst alliances.in the community through strategic alliances.

Principle 1

Purpose: We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.

Overview The Walter E. Heller College of Business Administration recognizes that developing the capabilities of students to create sustainable value for business and society requires multi-faceted approaches. The College is working towards this goal through both curricular and co-curricular initiatives. At the university-level, a number of initiatives also reflect a commitment to creating a more sustainable world.

Curricula Undergraduate Curriculum

The Walter E. Heller College of Business Administration now offers a BSBA degree with a major in social entrepreneurship along with marketing, management, finance, human resources and accounting. This new major includes activities that teach students about the world and societies greatest needs. The ACARA challenge is included in one of the courses offered in this curriculum. There are new courses to help students investigate Social Entrepreneurship as well as the undergraduate major and graduate concentration.

More can be found using these links:

 MGMT 390 Undergraduate special topics course in Social Entrepreneurship  MGMT 390 Undergraduate special topics course in Social Entrepreneurship Case Competition  MGMT 491 Graduate special topics course in Social Entrepreneurship  MGMT 491 Graduate special topics course in Social Entrepreneurship Case Competition  The Social Entrepreneurship major for our undergraduate business BSBA degree  The Social Entrepreneurship concentration for MBA degree (new in 2012-2013)

Students have traditionally received substantial instruction on ethical issues, with courses throughout the business curriculum incorporating ethics modules into their courses. In addition,

5 all undergraduate students are required to choose one of two courses – 1) Business and Society or 2) Ethical Leadership & Corporate Social Responsibility as part of the core business requirement. An elective course in Business Ethics is also available to students through the Philosophy Department.

For the first-year student, two courses are available that support understanding of sustainable development –1) Business Sustainability/Green Economy and 2) Discovering Entrepreneurship. Curriculum for all majors includes “Topics” courses that can be used appropriately for introducing new content and for development of courses that support PRME.

Graduate Curriculum

The Walter E. Heller College of Business Administration offers Masters degrees in Accounting, Accounting Forensics, Business Administration, Human Resource Management, and Real Estate. As with undergraduate curriculum, courses offered through the graduate programs incorporate ethics and special topics modules. In addition, the newest graduate program directly addresses Principle 10 of the UN Global Compact -- Businesses should work against corruption in all its forms, including extortion and bribery. The Master of Science in Accounting Forensics prepares its graduates with skills to investigate the numbers and content of business financials to detect irregularities. Specialized courses include Fraud Examination, Anti-money Laundering, and Computer Forensics and Investigations.

The MBA program allows for concentrations in a variety of areas including Public Administration and Business Fraud. This year a new concentration in Social Entrepreneurship is available. A new credential for Business Fraud is also available allowing a student to further develop their expertise beyond the graduate concentration.

The five-course credential is designed to provide students with in-depth coverage of fraud examination and the skill set necessary to prevent and detect fraud. Because almost every crime can potentially leave digital evidence, knowledge of information systems is required for the credential along with knowledge of accounting and law enforcement. Students will learn how to conduct investigations, present their findings, and identify the “red flags“ that may be present if a fraud is occurring.

One 400-level elective in accounting/information systems/computer science .....3 technology ACCT 471 Fraud Examination .....3 ACCT 473 Financial Statements and Fraud .....3 ACCT 475 Computer Forensics .....3 ACCT 477 Topics in Fraud Examination OR ACCT 474 Anti-Money Laundering

6 Co-Curricular Education Student Engagement

RU Net Impact. RU Net Impact, a chapter of Net Impact, was established at Roosevelt University during Academic Year 2009-2010 by WEHCBA MBA Students. Future plans include extending this opportunity to undergraduate business students.

RU Net Impact has established communication channels and a cooperative platform for working with other student clubs at Roosevelt University. These clubs include RU GREEN and the business honorary Delta Mu Delta. Efforts are being made to include these clubs in activities associated with Professional Development sustainability initiatives organized for Academic Year 2010-2011.

Lectures. Students are sensitized to issues impacting the economy through attendance at public lectures sponsored by the Walter E. Heller College of Business Administration. Recent events include

May 9 Annual Heller Signature Luncheon featuring Harry Markopolos, whistleblower for Bernie Madoff Affair. Financial Regulations:Past, Present, and Future—How America Combats White Collar Crime

October 11 Sustainable Organization Practices: Protecting Today and Ensuring Tomorrow” panel discussion including Dr. Michael Brown, Dr. Thomas Head and Dr. Ralph Haug.

November 4 and 5 Green Economy Roadshow. A 2 day conference and expo offering students, faculty, staff businesses and citizens an opportunity to network and interact on the green economy

Opportunities to hear well-known authors are also available to students through Roosevelt University’s Mansfield Institute for Social Justice and Transformation.

Volunteerism. Part of the mission of Roosevelt University is “to promote a more humane and just society,” the CSI encourages students to connect with their community through a variety of service and civic engagement opportunities throughout the year.

7 Service projects are offered throughout the year and are featured in the CSI Student Activities Calendar. There are also toy, food, clothing, blood, and supply drives throughout the year. The personal rewards are many when you give your time and talents to any of the diverse community service organizations. Your work not only adds to your own educational enrichment, but helps to foster an environment which benefits a great number of people. CIA: Community in Action

CIA is a program organized by the CSI in which Roosevelt students take monthly excursion trips and volunteer for non-profit organizations. Look for CIA flyers, the University Calendar and the "What's Happening @ Roosevelt" e-mail for upcoming events. Students can sign-up by contacting the office at [email protected]. New Deal Service Days

The university hosts an annual spring event called New Deal Service Days. New Deal Days, held in Chicago and Schaumburg, connects students, faculty, staff and alumni with local service agencies for a "hands on" opportunity to help others. Service & Civic Engagement Related Student Organizations

There are many other ways to get involved with community service and civic engagement opportunities. Please check out our Student Organizations for more information.

Professional Development. WEHCBA recognizes that engaging students and supporting their capabilities to be future generators of sustainable value requires that faculty members enhance their own capabilities. Here are a few examples of professional Development to help students live productive and successful, ethical lives: Critical Estate, Financial and Asset Planning Protection

Particularly after market events of the last few years, as investors , we are focused on market risk and we hire advisors to undertake asset allocation to minimize risk, but often we pay little or no attention to minimizing the non-market risk that can unexpectedly devastate one’s investment portfolio.

With proper estate and asset planning, which includes asset protection planning, non-market risk can be minimized, or eliminated.

8 November 2011: IFRS: The Comprehensive Review of International Financial Reporting Standards This course provided attendees with complete coverage of all IFRS standards, with contrast to corresponding U.S. GAAP, and what was needed to understand and apply IFRS immediately upon U.S. implementation. The course also presented an opportunity to hear directly from Dr. Barry Epstein, the founding coauthor of a standard reference work, Wiley IFRS (1997 through 2010 editions) as well as the founding coauthor of Wiley GAAP (1985 through 2010 editions).

December 6, 2011: The Financial Crisis: Causes, Consequences, and Policy Responses Presented by Professor John F. McDonald, Roosevelt’s Gerald W. Fogelson Distinguished Chair in Real Estate, this two-hour program provided an overview of the financial crisis so that current developments could be placed in context. The program began with a summary of the causes of the crisis, continued with a discussion of its consequences for the financial system and the economy, and concluded with a survey of the policy responses of the Federal Reserve, Department of the Treasury and the Dodd- Frank financial reform law. Operations The Walter E. Heller College of Business Administration believes that the College and Roosevelt University can best develop the capabilities of students if they lead by example. Two major initiatives demonstrate this effort. HCB Business Incubator

Fall 2011 Roosevelt's Walter E. Heller College of Business initiated its first Incubator Businesses with the goal of furthering our commitment to entrepreneurship and sustainable business.

9 Principle 2

Values: We will incorporate into our academic activities and curricula the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.

Overview

Roosevelt University ranks 56 out of the top 100 minority producing graduate schools in the US. Heller ranks 15th in Human Resources minority graduates in the US. We rank among the top in producing minority accounting graduates. Heller has a tradition of inclusion and our beliefs, values and mission encompass and embrace these traditions. Our actions are a direct result of these beliefs. The Walter E. Heller College of Business believes in working to develop successful ethical citizens of the world. Our Sustainable Business Education Model

“Responsible Management: Doing Well by Doing Good”

We value:

 Ethical and socially responsible management in thought and deed  The longevity of our organization and appreciation of our employees  A global mindset that seeks out diversity through thought and practice  A common commitment to the greater good of society  An appreciation for the natural world and its importance to the quality of human life  A dedication to furthering humankind via commerce in ways that do not damage, limit or reduce the quality of life or impact upon communities, competitors or the lives of other humans.  A willingness to extend ourselves to others, investing in time and action beyond reason or obligation for common good and well-being.

10 We believe that:

Our first responsibility is to the students. To ensure that we serve those that come to us to develop and achieve their dreams, we will aspire to ensure that our educational and guidance services are of the highest quality. We recognize also that a human element and kindness are an important part of who we are. We must seek ways to improve our delivery at a price that is affordable and competitive for our students. We must seek to achieve high quality through continuous improvement and the development of new services, cutting edge classes, curriculum, degrees, and opportunities for internships and employment.

Our second responsibility is to those who work with us including clerical staff, administrators and faculty. We are a community of people dedicated to the enhancement of our world through the education and investment in our youth. We believe in investing in each other for the advancement and enhancement of our abilities to achieve our first responsibility. The men and women who work within Roosevelt University’s Heller College of Business will be treated with respect and appreciation for their contributions. Our facilities will support the work they do. Those in authority will be supportive, facilitative and act with integrity. There will be opportunities for advancement and personal development for everyone. Each person must be considered an individual standing on his or her own dignity and merit.

Our third responsibility is to our external college stakeholders; including the university, alumni, advisory boards, the business community and parents. These individuals are a part of our greater community. They will be included, respected and appreciated for the contributions they make. We will remember them in our activities and our goals and keep them informed of our progress and our successes.

Our fourth responsibility is to the greater Chicago community and beyond. We will strive to support the needs of the community by working to engage with K-12 schools, community colleges, universities, and civic and professional organizations locally and globally. We will strive to establish partnerships that provide for these organizations and their diverse population being served by our activities, events and programs. Our objective is to build comprehensive long-term relationships that further better quality and outcomes for the community.

EMPLOYERS Find your next employee at Heller. Find out why the Federal Reserve, PWC, Merrill Lynch and others are seeking our students! Our commitment is to train our students to appreciate and respect both professional accountability and ethical behavior. We equip our students with the competencies that will impact in your organization. RU Heller is developing a diverse body of students who are

11 training to be ethical leaders with the critical thinking skills and the ability to understand the realities of the global business world.

STUDENTS Roosevelt University’s Heller College of Business is a high quality program at the most affordable price. We are staffed with a teaching faculty that engages in both research and consulting, and who will guide a highly diverse student body in small classes. This setting creates a personalized and challenging environment where students must think critically and innovatively in order to succeed. Programs for mentoring, both virtual and face to face instruction provides direction and skill development for all students. Our programs are structured for both the part-time and full-time student. Join Heller to be prepared for successful participation in a rapidly changing world and build your career opportunities for the future!

High Quality ––Challenge – Diversity--Mentoring - Small Classes

FACULTY Work in a college driven to succeed, a college that is already accredited, but also striving for AACSB accreditation. Your research and ideas are honored and supported; your career is enhanced and developed. Your classes provide the local economy with an intelligent, hard- working, diverse student body that will help build the economy for generations to come. Be a part of an organization with a very bright future.

DONORS Support a College of Business on the move. New, innovative teaching methods, new programs and plans for expansion and higher accreditation make an investment in the Heller College a place where your investment will not only work hard but result in significant improvements and visibility for you and the college. Invest in a place where your dollars work hard to help the most diverse student body in the Midwest to go further. An investment in the Heller College is an investment in regional and national economic recovery and development. Help us change the way management acts and looks in the world.

Curriculum Mapping to UNGC. HCB has worked to align current practices and academic activities and curricula with values of global social responsibility as portrayed in the United Nations Global Compact. A sampling of targeted courses is shown in Exhibit B.

Exhibit B: Sampling of Primary Courses Offered to Address UNGP Principles Category Where Primary Courses Offered Human Rights University- Social justice is a value that is reflected in all graduate and wide undergraduate curricula at Roosevelt University

12 Labour WEHCBA Administering Labor Management Relations Standards Workplace Diversity Industrial Relations Management Ethical Leadership & CSR Environment* WEHCBA Sustainable Development Real Estate Courses (selected) Ethical Leadership & CSR Anti- WEHCBA Fraud Examination Corruption Anti-money Laundering Computer Forensics & Auditing Business & Society (UG) *Courses in Environmental Sciences are offered in the Roosevelt University’s College of Arts and Science. Multidisciplinary initiatives remain a possible option for WEHCBA in future curriculum development.

A delegation of 26 MBA students from Roosevelt University closed the European trading day in Paris on March 15, 2012 [View the closing bell video.]. They went to France during spring break to learn about the business environment there and also to learn about the difference between doing business in Europe and the U.S.

At the NYSE Euronext, in addition to ringing the closing bell, the Roosevelt students gained a deeper knowledge of the European financial markets.

The students were led by Dr. Terri Friel, dean of the Walter E. Heller College of Business.

be taken to meet certification requirements or may be taken for personal enrichment.

13 International Human Resources Management

Explore the concept of International Human Resources Management (its origin, context, objectives, roles and competencies of HR Professionals) as well as the current and future challenges within this field and the differences between domestic and overseas Human Resource Management activities and competencies. Featuring Dr. Beata Buchelt, Krakow University of Economics, Krakow, Poland.

Tuesday, August 14 - 5:30pm-8:30pm Expatriate Management for Business People

Internationalization is one of the major activities performed by corporations. One key success factor of the activities is the effective management of the group of employees who are sent abroad in order to fulfill multinational corporations' strategic objectives, the expatriates. This session deals with the aspect of management. It is designed in such a way that participants may develop their practical knowledge and skills connected with the expatriates' process design and management. Featuring Dr. Beata Buchelt, Krakow University of Economics, Krakow, Poland.

Thursday, August 16 - 5:30pm-8:30pm

Heller College graduate betters her life with degree in accounting

Posted: 05/02/2012 Agnieszka “Agnes” Podbial came to the United States from Poland for a chance to live the American dream. At that time, she couldn’t speak English. She had no means of financial support. She didn’t know from one day to the next how she would get ahead.

14 “I am a fighter who knows that if someone else can do something then I should be able to do it too,” said Podbial, who will graduate on May 4 with a Bachelor of Science in Business Administration degree in Accounting. Recently inducted into the University’s prestigious Franklin Honors Society, Podbial, who attended classes at the Schaumburg Campus, has cleaned houses, worked as a nanny and clerked in a number of Chicago-area grocery stores in order to get by day-to-day.

At the same time, the Schaumburg resident also has clearly understood the importance of having an education. She took English at Wright Community College. She attended Harper College, unable to pay for more than one class at a time while working full-time to support her family. A student at Roosevelt since 2009, Podbial has a 4.0 grade point average and hopes to one day become a certified public accountant. “When I first started, I literally had to sit down with a dictionary all the time in order to understand what I was doing,” said Podbial, who has been awarded a graduate assistantship so she can work on a master’s degree in Accounting Forensics at Roosevelt starting in the fall.

This spring, Podbial was an intern at PricewaterhouseCoopers(PwC) in Chicago, where she received accolades as a top performer from PwC managers. She also did a stint as a tax accountant for H&R Block, where she has been asked to return next tax season. “Agnes is truly a remarkable student who has overcome many obstacles to get her degree – and she has really flourished during her time at Roosevelt University,” said Mark Holtzblatt, associate professor of accounting and Podbial’s advisor.

While she still works as a nanny to support her family, Podbial’s goal is to one day work as a CPA for one of the nation’s top four accounting firms. “To survive in this country, I know I must have a degree,” said Podbial, who became a U.S. citizen in 2009 shortly before starting at Roosevelt.

“I knew there was nothing in my way that could stop me from going to school and I want others to know that anything is possible if you are willing to try,” she said.

15 Principle 3

Method: We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.

Overview

HCB has recently moved to a new building that has been built with sustainable materials. Donors upgraded the LEED rating for the Marshall Bennett offices. Our programs, housed in this new Bronze LEED rated facility are the backdrop for the programs we host and the education we offer to our students and the community. Roosevelt University wins Bronze Sustainability Award Illinois Green Governments Coordinating Council

Posted: 05/18/2012

Roosevelt University’s sustainability efforts were recognized this month with a Bronze Award by the Illinois Green Governments Coordinating Council.

“This designation signals to your community and peer institutions that you stand as a leader in higher education sustainability,” said Eric Heineman, senior sustainability advisor to Governor Pat Quinn. Roosevelt is one of only 10 universities or colleges in Illinois to receive an award for sustainability achievement.

During the past two years, Roosevelt has enacted a number of programs designed to incorporate sustainability into campus operations, including academic and research programs, student activities and community outreach.

LEED-Certified Building In keeping with Roosevelt’s commitment to being a “green” university, the building will be one of the few high rise structures in Chicago that is LEED-certified, meaning it meets

16 requirements for sustainability, water efficiency, energy usage, materials and indoor environmental air quality.

•Bike Room: The Wabash Building provides indoor storage space on the lobby level for as many as 140 bikes and showers and lockers on the fifth floor for cyclists who want to freshen up before they go to work or class.

•Bird Safety: To protect birds from flying into the new, mostly glass structure, the façade establishes “visual noise” to reduce the overall transparency of the building. Architectural features such as the undulating east and west façades further help mitigate the impact on migratory birds. In addition, the entry atrium will not contain plants or trees. These items can be confusing to birds as they can see the trees but cannot approach.

•Mechanical Equipment Commissioning: In order to ensure that all of the building’s energy-related systems are installed, calibrated and are performing as intended, the University hired an independent third party to test all mechanical systems, including boilers, chillers, water heaters, fans and lighting, calibrating them for top efficiency as they go on line in 2012. Roosevelt’s overall aim is for the building’s heating, air-conditioning and refrigeration systems to perform 25 percent better than energy-efficient standards set by the world-renown American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE).

•Construction Materials: Over 20 percent of the building’s construction materials contains recycled content; most materials were produced within 500 miles of the University, reducing fuel usage and transport costs; and all of the building’s wood – doors, shims, milling, cabinets and shelving – were purchased from the not-for-profit Forest Stewardship Council, which buys exclusively from foresters who replant /replenish trees that have been cut.

•Green Roof: Nearly 8,000 square feet of green roof is on the building’s fifth, sixth, 16th, 31st and 32nd floors. Native plants requiring little water or maintenance cover about half of the structure’s overall roof area, lowering temperatures at the top of the building, helping to reduce downtown Chicago’s urban heat-island effect as well as the University’s energy costs. Each of the green roofs has a slightly different environment, so the plants were chosen for each roof based on those specific climates.

•Indoor Air Quality: All paints, adhesives, sealants, mastics, carpets and other materials will be non- toxic, containing very low levels of volatile organic compounds.

•LEED Accreditation: LEED, or Leadership in Energy and Environmental Design, is an internationally- recognized green building certification system .Developed by the U.S. Green Building Council (USGBC) in March 2000, LEED provides building owners and operators with a framework for identifying and implementing practical and measurable green building design, construction, operations and maintenance solutions. The Wabash Building is expected to receive at least a LEED Silver accreditation.

17 •Natural Lighting: The building has a significant amount of natural light (daylighting), as three sides of the structure are glass. Taking advantage of daylight, especially in classrooms and offices, is vital as studies have linked work and learning in daylight with productivity and achievement.

•Occupancy Sensors: The building has occupancy sensors in each room (not including student housing) throughout the building. The occupancy sensors detect both motion and sound.

•Food Pulper: A pulper system was installed in the dining center to decrease the bulk of solid food waste produced. This system has the ability to decrease the volume of this waste by approximately 80%. This savings results in a reduced need for trash haul pick up. In addition, by the system incorporating the use of recycled grey water, the building minimizes potable water usage. The material, once picked up, is turned into compost for use in landscape and planting beds.

•Advanced Recycling System: A built-in, tri-sorter with recycling chute is accessible on every floor. The chute accepts garbage and all recyclables, the unit, at a push of a button, will sort and drop trash, paper, and metal into designated dumpsters in the building’s waste/recycling rooms. A sprinkler system is installed in the trash chute to provide fire protection and a microbe reducing wash down system is installed to clean the chute and reduce odors.

The Sustainable MBA: The Manager's Guide to Green Business. I also write a blog in collaboration with the Principles for Responsible Management Education and the UN Global Compact called PRiMEtime. The blog features best practices around mainstreaming sustainability into management education.

The latest blog entry includes an example from your university. It is entitled Creating More Sustainable Campuses: Water (part 2). To see the blog or to sign up to receive the blog by email visit http://primetime.unprme.org.

Schaumburg Campus Green Initiative http://www.roosevelt.edu/greencampus/currentprojects/sch.aspx

18 The objective of Roosevelt University’s Physical Resources Environmental Sustainability Initiative is to support environmental stewardship by educating the community on energy use; carbon-reduction, institution-specific consideration for alternate methods of transportation, food chain management, waste reduction, sustainable design, procurement and packaging of materials. We will achieve this by:

 Integrating and utilizing the technology necessary to reduce our carbon footprint.  Contributing our intellectual capital and resources to the collective inter-collegiate effort to improve the sustainability of campus communities.  Participating in Roosevelt’s multi-departmental initiatives to create a comprehensive and cohesive "green" campus environment.  Transforming student awareness into understanding and engagement, as we provide our campus community with the infrastructure and tools to actively participate in an environmentally sustainable lifestyle.  Establishing and maintaining compliance with environmentally progressive goals and standards. President Middleton's Statement

Roosevelt University is committed to being at the forefront of sustainability practices by continuously working to integrate measurable sustainability efforts throughout its campuses and by providing advice and leadership to members of the University community.

19 Marshall Bennett Institute of Real Estate. The Marshall Bennett Institute of Real Estate, located within WEHCBA, incorporated sustainable development concepts into design of its recently acquired space. This interior area was designed and furnished utilizing many renewable resources such as bamboo, cork floors and millwork. Additional features include the use of recycled resources for counter and desk tops as well as bulletin boards; all non-toxic materials; automatic light sensors, high efficiency fluorescent bulbs and clear-story lighting into all offices, hallways, and common areas. The Institute is also developing its library to provide information on sustainability. The library was recently expanded through donation of a number of books on sustainability and sustainable practices by the American Planning Association donated

Teen Entrepreneurship Program. Summer 2012 is the third year HCB has sponsored a Teen Entrepreneurship Academy. Forty selected high school students from the Chicago Public Schools area are given a free intensive one-week on-campus training experience in entrepreneurship. Winners receive $500 scholarships to Roosevelt University. All students receive 1 Credit Hour on their RU transcript. The targeted population is for students with little financial reserves but potential for entrepreneurship as identified by teachers and counselors. The program, also known as “Green Teens” centers around having the students (working in small groups) develop various “green” business-based projects. Purdue and Wayne State

20 Universities are active partners. Motorola Solutions Foundation supports this program.

PRME initiatives will be supported by the WEHCBA faculty, the WEHCBA Advisory Board and by a newly created faculty/student task force charged with creating college level ethical codes of conduct for faculty and students. These codes will complement those of the university, and will, by focusing upon the unique dimensions of the business school, serve as a guide in educating and developing our students for the future challenges.

21 Principle 4

Research: We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.

Overview Walter E. Heller College of Business Administration faculty members, both full-time and part- time, are actively engaged in conceptual and empirical research on PRME related issues. In particular, the activities reflect the values espoused under the UNGC Principles and those important to recognizing the three pillars of sustainability –, economic, environmental, and social responsibilities. Faculty members have worked to share knowledge and collaborate with colleagues in a variety of professional venues. Other faculty members have set agendas for researching, presenting, publishing, and developing teaching materials in areas reflecting the UN Global Compact and PRME Principles. Examples of the faculty member outputs are listed below. They are color coded by topical area: Yellow Fraud/Ethics Issues Blue Global Issues Green Sustainability Issues

Ament, J. (2011). Condorsement (or Convergence?) International Financial Reporting Standards (IFRS) and US GAAP: Last-In, First-Out (LIFO) Method: Accounting, Contractual and Tax Implications. Journal of Business and Accounting, 4(1). Ament, J., 19th Annual Conference, "Condorsement (or Convergence) of International Accounting Standards and US Accounting Standards," American Society of Business and Behavioral Sciences, Las Vegas, Nevada. (February 24, 2012). Ament, J., 18th Annual Meeting of the American Society of Business and Behavioral Sciences, "Convergence of International Financial Reporting Standards (IFRS) and US GAAP: Last-In, First-Out (LIFO) Method: Accounting and Tax Implications," American Society of Business and Behavioral Sciences, Las Vegas, Nevade. (February 2011). Ament, J., American Society of Business and Behavioral Sciences, "CONFLICTS OF INTEREST – A “GRAY AREA” CHALLENGE AND DILEMMA," American Society of Business and Behavioral Sciences, Las Vegas, Nevada. (February 23, 2012). Pavelka, D. (Presenter & Author), Midwest Political Science Academy Annual Meeting, "The Impact of the European Union’s Third Directive in Detecting Terrorist Activities," Midwest Political Science Academy, Chicago, IL. (April 2, 2011).

22 Pavelka, D. (Presenter & Author), MBAA international Annual Meeting, "Following-Up: Success and Failure in Implementation of the," MBAA International, Chicago, IL. (March 24, 2011). McLaughlin, J. (Presenter & Author), Pavelka, D. (Presenter & Author), MBAA International 2012 Annual Meeting, "A comparison of the UK Bribery Act and US Foreign Corrupt Practices Act," Business/Society/Government, Chicago, Il. (March 29, 2012). McLaughlin, J. (Presenter & Author), Pavelka, D. (Presenter & Author), MBAA International 2011 Annual Meeting, "Following-up: Success and Failure in Implementation of the European Union Third Directive on Anti-money Laundering," Business/Society/Government, Chicago, IL. (March 24, 2011). McLaughlin, J., Pavelka, D., Amoroso, L. (2011). Money laundering: Strategic initiatives for preventing a growing menace (1st ed., pp. 147-160). Katowice (Charlotte, NC): The Katowice Branch of the Polish Academy of Sciences. Pavelka, D. (Presenter & Author), McLaughlin, J. (Presenter & Author), MPSA 2012 Annual Meeting, "The Lay Person's View of Bribery: The UK Bribery Act vs. the USA Foreign Corrupt Practices Act," Midwest Political Science Association, Chicago, IL. (April 15, 2012). Abu Khadra, H., Holtzblatt, M. (in press). Teaching IFRS with Online Videos and Webcasts: Resources, Analysis and Guidance.. Advances in Accounting Education. Abu Khadra, H., Holtzblatt, M. (Presenter & Author), CAAA, "Teaching IFRS with Videos and Webcasts: Resources, Analysis and Empirical Case Study.," CAAA, Charlottetown, PIE (Prince Edward Island). (June 2012). Holtzblatt, M. (Presenter & Author), 2011 AAA Ohio Region Conference, "Baker Hughes: Greasing the Wheels in Kazakhstan," American Accounting Association, Covington, KY. (May 12, 2012). Abu Khadra, H., Holtzblatt, M. (in press). Teaching IFRS with Online Videos and Webcasts: Resources, Analysis and Guidance.. Advances in Accounting Education. Abu Khadra, H., Holtzblatt, M. (Presenter & Author), CAAA, "Teaching IFRS with Videos and Webcasts: Resources, Analysis and Empirical Case Study.," CAAA, Charlottetown, PIE (Prince Edward Island). (June 2012). Abu Khadra, H., Arab Conference on Quality Assurance in Higher Education (IACQA), "Using Technology to Enhance the Classroom Experience.," Zarka University, Bahrain. (April 2012). Chan, J. O., Abu Khadra, H. (2012). ERP II Readiness in Jordanian Industrial Companies. Communications of International Information Management Association. McLaughlin, J. (Presenter & Author), McLaughlin, G. W. (Presenter & Author), McLaughlin, J. E. (Presenter & Author), Abu Khadra, H. (Presenter & Author), SCUP 2012 National Annual Conference, "Student Diversity Index: Alternative measures that support strategic and functional planning," Society for College and University Planning, Chicago, Il. (July 10, 2012). Abu Khadra, H., CIIMA, "ERP II Readiness in Jordanian Industrial Companies," IIMA, Louisiana. (October 2011). McLaughlin, J. (Presenter & Author), Friel, T. (Presenter & Author), 2012 Conference of the International Association for Business and Society, "Supporting the new management reality: Curricular change to address sustainable development and

23 climate change," International Association for Business and Society/IABS, Asheville, NC. (June 14, 2012). Friel, T., King, D. B. E. (in press). The Domestic versus Foreign Sourcing Decision: Development of a Mathematical Model. To appear in International Journal of Management, IJM June 2013, vol 30(1-4), 12. Friel, T., McLaughlin, J., MBAA International 2011 Annual Meeting, "Supporting the New Management Reality: Curricular Change to Address Sustainable Development and Climate Change," North American Management Society, Chicago, IL. (March 23, 2011). Friel, T. (Presenter & Author), 2011 EPS Montreal International Forum: Emerging Trends in Higher Education, "Using Pedagogical Dialogue as a Vehicle to Encourage Faculty Technology Use," EPS Global Medical Development, INC, Montreal, Canada. (November 20, 2011). Gorener, R. (Presenter & Author), Hasan, T. (Author Only), Sekaryuni, R. A. (Author Only), MBAA International, "Accounting Information in the Prospectuses and Short-run IPO Performance in Indonesia," Chicago, IL. (March 30, 2012). Hasan, T. (Presenter & Author), Seminar on MFI Governance, "The Impact of Governance Mechanisms on Performance and Outreach of Microfinance Institutions in Bangladesh," Institute of Microfinance, Dhaka, Bangladesh. (March 14, 2011). Gorener, R. (Presenter & Author), Hasan, T. (Author Only), Sekaryuni, R. A. (Author Only), MBAA International, "Accounting Information in the Prospectuses and Short-run IPO Performance in Indonesia," Chicago, IL. (March 30, 2012). Gorener, R. (Presenter & Author), S. C. (Author Only), MBAA International, "Risk, Return, and Income Mix at Commercial Banks: Cross-Country Evidence," Chicago, IL. (March 30, 2012). Gorener, R. (Presenter & Author), Choi, S. (Author Only), MBAA International, "Competition in the Turkish banking system: using the Panzar-Rosse model," Chicago, IL. (March 28, 2012). Gorener, R. (Presenter & Author), S. C. (Author Only), Financial Management Association (FMA), "Risk, Return, and Income Mix at Commercial Banks: Cross- Country Evidence," Denver, CO. (October 20, 2011). Li, M. (2011). Value vs. Growth: Who Leads the Cyclical Stock Market? Banking and Finance Review, Vol3(no.2(2011)). [Accepted: November 2011, Published: December 2011, Submitted: March 2011] Sun, Q., Li, M., Zhu, X. (2011). Arbitrage Risk and Post-Repurchase Announcement Drift. Journal of Business and Finance Research, 3(1). [Accepted: September 2011, Published: November 2011, Submitted: March 20, 2011] Silverman, H. (2011). Reuters: Principles of Trust or Propaganda? Journal of Applied Business Research, 27(6). Barnett, H. (2011). The Securitization of Mortgage Fraud in Mathieu Deflem (ed.) Economic Crisis and Crime (Sociology of Crime Law and Deviance, Volume 16 (pp. pp. 65-84). Emerald Group Publishing Limited. Barnett, H. (Panelist), Tatom, J. (Panelist), Taffler, R. (Panelist), Midwest Finance Association, Chicago, March 2-5, 2011, "Mortgage Fraud, Consumer Protection, Financial Literacy, and Behavioral Finance," Midwest Finance Association, Chicago, IL. (March 3, 2011). Chan, J. O., Abu Khadra, H. (2012). ERP II Readiness in Jordanian Industrial Companies. Communications of International Information Management Association.

24 Chan, J. O. (Author Only), 2011 Conference of the International Information Management Association, "ERP II READINESS IN JORDANIAN INDUSTRIAL COMPANIES," IIMA, New Orleans. (October 11, 2011). Chowdhury, S. (Presenter & Author), IABE International conference, "SOCIAL MEDIA IN A GLOBAL TRAINING ENVIRONMENT," IABE, Venice, Italy. (June 9, 2012). Chowdhury, S. (Presenter & Author), IABE International conference, "SOCIAL MEDIA IN A GLOBAL TRAINING ENVIRONMENT," IABE, Venice, Italy. (June 9, 2012). Chowdhury, S. (Presenter & Author), Midwest Business Administration Association conference, "Consistency in a Global Training Environment," MBAA-SAIS, Chicago, USA. (March 28, 2012). Head, T., Academy of Management Annual Conference, "West Meets East: Consulting Across National Boundaries," Academy of Management, San Antonio, TX. (August 2011). Chowdhury, S. (Panelist), Elaydi, R. (Panelist), McDonald, J. (Panelist), Wiley, C. (Chair), MBAA International, "Assurance of Learning Frameworks: Integration of Technology in Business Programs," MBAA-SAIS, Chicago, USA. (March 28, 2012). Wiley, C. (Leader), IL SHRM Leadership Conference, "Diversity Management," Illinois SHRM, Utica, IL. (January 9, 2012). McLaughlin, J. (Presenter & Author), Friel, T. (Presenter & Author), 2012 Conference of the International Association for Business and Society, "Supporting the new management reality: Curricular change to address sustainable development and climate change," International Association for Business and Society/IABS, Asheville, NC. (June 14, 2012). McLaughlin, J. (Presenter & Author), Gerald, M. (Presenter & Author), MBAA International 2011 Annual Meeting, "Precedents for Change: How Quasi- Governmental, Civil Society, and Business Organizations Are Driving Change in Colleges of Business Sustainability Curriculum," Business/Society/Government, Chicago, IL. (March 25, 2011). Elaydi, R., McLaughlin, J. (in press). Cultivating Terroir in Subsistence Markets: Development of Terroir Strategy Through Harmony-with-Community Framework. To appear in Journal of Business Research. McLaughlin, G. W., McLaughlin, J. (2011). Assessing the Construct Validity of The Global 100 Sustainability Ranking for Schools of Business. IABS 2011 Conference Proceedings. Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 4th Subsistence Marketplaces Conference, "FIRM EMBEDEDNESS IN SUBSISTENCE MARKETS: A HARMONY-WITH-COMMUNITY PERSPECTIVE," University of Illinois at Urbana-Champaign, Chicago. (July 27, 2012). McLaughlin, J. (Presenter & Author), McLaughlin, G. W. (Presenter & Author), McLaughlin, J. E. (Presenter & Author), Abu Khadra, H. (Presenter & Author), SCUP 2012 National Annual Conference, "Student Diversity Index: Alternative measures that support strategic and functional planning," Society for College and University Planning, Chicago, Il. (July 10, 2012). McLaughlin, J. (Presenter & Author), Elaydi, R. (Presenter & Author), 2012 Conference of the International Association for Business and Society, "Aesthetic consumption: The alignment of social value, consumers, and the entrepreneur," International Association for Business and Society/IABS, Asheville, NC. (June 14, 2012). Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), International Association for Business and Society 2012 Conference, "Relational Capacity and

25 Firm Performance: A Stakeholder-Relational-Perspective," International Association for Business and Society, Asheville, North Carolina. (June 12, 2012). McLaughlin, J. (Presenter & Author), Pavelka, D. (Presenter & Author), MBAA International 2012 Annual Meeting, "A comparison of the UK Bribery Act and US Foreign Corrupt Practices Act," Business/Society/Government, Chicago, Il. (March 29, 2012). Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Aesthetic Entrepreneurship," NYU-STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Aesthetic Entrepreneurship," NYU-STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). McLaughlin, J. (Presenter & Author), McLaughlin, G. W. (Presenter & Author), McLaughlin, J. E. (Author Only), SAIR 2011 (Oct 8-11), "Developing Diversity Metrics for Higher Education: Next Steps," Southern Association for Institutional Research, Atlanta, GA. (October 8, 2011). McLaughlin, J. (Presenter & Author), Academy of Management 71 st Annual Meeting, "The conceptual foundations of relational contract: Contributions from Ian Macneil," Academy of Management, San Antonio, TX. (August 15, 2011). McLaughlin, J. (Presenter & Author), Gerald, M. (Presenter & Author), IABS 2011 Annual Meeting, "Assessing the Construct Validity of The Global 100 Sustainability Ranking for Schools of Business," International Association for Business & Society, Bath, UK. (June 25, 2011). McLaughlin, J. (Presenter & Author), McLaughlin, G. (Presenter & Author), 2011 AIR Forum, "Forming and using peer groups based on nearest neighbors with IPEDS data," Association for Institutional Research, Toronto, Canada. (May 23, 2011). McLaughlin, J. (Other), Bouvier, D. (Presenter & Author), Conley, V. (Other), MBAA International 2011 Annual Meeting, "Females Who Teach Business: Exploring the Impact of Positive and Negative Affect in the Workplace," North American Management Association, Chicago, IL. (March 25, 2011). McLaughlin, J. (Presenter & Author), Pavelka, D. (Presenter & Author), MBAA International 2011 Annual Meeting, "Following-up: Success and Failure in Implementation of the European Union Third Directive on Anti-money Laundering," Business/Society/Government, Chicago, IL. (March 24, 2011). Friel, T., McLaughlin, J., MBAA International 2011 Annual Meeting, "Supporting the New Management Reality: Curricular Change to Address Sustainable Development and Climate Change," North American Management Society, Chicago, IL. (March 23, 2011). McLaughlin, J., Pavelka, D., Amoroso, L. (2011). Money laundering: Strategic initiatives for preventing a growing menace (1st ed., pp. 147-160). Katowice (Charlotte, NC): The Katowice Branch of the Polish Academy of Sciences. McLaughlin, J. (Presenter & Author), McLaughlin, G. W. (Presenter & Author), McLaughlin, J. E. (Presenter & Author), 2012 Conference of the International Association for Business and Society, "Rethinking diversity metrics and indices: Alternatives approaches for social reporting," International Association for Business and Society/IABS, Asheville, NC. (June 14, 2012). Pavelka, D. (Presenter & Author), McLaughlin, J. (Presenter & Author), MPSA 2012 Annual Meeting, "The Lay Person's View of Bribery: The UK Bribery Act vs. the

26 USA Foreign Corrupt Practices Act," Midwest Political Science Association, Chicago, IL. (April 15, 2012). McLaughlin, J. (Presenter & Author), McLaughlin, G. W. (Presenter Only), AIR 2011 Forum, "Precedents for developing sustainability metrics for colleges and universities: Catalysts and critical dimensions," Association for Institutional Research, Toronto, Canada. (May 25, 2011). McLaughlin, J., The International Arab Conference on Quality Assurance in Higher Education, "Sustainable development: The new quality standard in higher education," IACQA, Zarqa University, Jordan. (May 10, 2011). McLaughlin, J. (Presenter & Author), MBAA International 2011 Annual Meeting, "The Changing Face of CSR," Business,/Society/Government, Chicago, IL. (March 24, 2011). McLaughlin, J., Pavelka, D., Amoroso, L. (2011). Money laundering: Strategic initiatives for preventing a growing menace (1st ed., pp. 147-160). Katowice (Charlotte, NC): The Katowice Branch of the Polish Academy of Sciences. Elaydi, R. (Presenter & Author), RU Sustainable Business Event Prairie Arts Center, "Sustainability," RU, Event Prairie Arts Center. (October 12, 2011). Elaydi, R., Harrison, C. (2013). MARKETING STRATEGIES OF FOREIGN MULTINATIONALS TOWARDS THE MAJORITY IN DEVELOPING COUNTRIES: A CASE OF GOVERNMENT INDIRECT EXPROPRIATION. To appear in International Journal of Management, Vol 30(no 3), 15. [Accepted: July 2012, Published: September 1, 2013, Submitted: March 10, 2012] McLaughlin, J., McLaughlin, J. E., Elaydi, R. (in press). Ian Macneil and relational contract theory: Evidence of impact. To appear in Journal of Management History. Elaydi, R., McLaughlin, J. (in press). Cultivating Terroir in Subsistence Markets: Development of Terroir Strategy Through Harmony-with-Community Framework. To appear in Journal of Business Research. Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 4th Subsistence Marketplaces Conference, "FIRM EMBEDEDNESS IN SUBSISTENCE MARKETS: A HARMONY-WITH-COMMUNITY PERSPECTIVE," University of Illinois at Urbana-Champaign, Chicago. (July 27, 2012). Elaydi, R. (Author Only), 4th Subsistence Marketplaces Conference, "Marketplace Metaphors and Microcredit in Subsistence Markets," University of Illinois at Urbana-Champaign, Chicago. (July 27, 2012). Elaydi, R. (Presenter & Author), 4th Subsistence Marketplaces Conference, "The Concept of Firm Foreignness in a Subsistence Market Context," University of Illinois at Urbana-Champaign, Chicago. (July 27, 2012). Elaydi, R. (Presenter & Author), Academy of International Business (AIB) Conference 2012, "Inclusive Economic Ecologies for Poverty Alleviation: Developing Inclusive Business Within Inclusive Markets," Academy of International Business (AIB), Washington DC. (June 30, 2012). Elaydi, R. (Author Only), Academy of International Business (AIB) Conference 2012, "Why MNCs Should Invest in Foreign Countries During Political Elections," Academy of International Business (AIB), Washington DC. (June 30, 2012). McLaughlin, J. (Presenter & Author), Elaydi, R. (Presenter & Author), 2012 Conference of the International Association for Business and Society, "Aesthetic consumption: The alignment of social value, consumers, and the entrepreneur," International Association for Business and Society/IABS, Asheville, NC. (June 14, 2012).

27 Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), International Association for Business and Society 2012 Conference, "Relational Capacity and Firm Performance: A Stakeholder-Relational-Perspective," International Association for Business and Society, Asheville, North Carolina. (June 12, 2012). Elaydi, R. (Author Only), Academy of Marketing Science Conference 2012, "Service Ecosystems Design in Ethnic Markets," Academy of Marketing Science, New Orleans, LA. (May 18, 2012). Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Aesthetic Entrepreneurship," NYU-STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). Elaydi, R. (Presenter & Author), McLaughlin, J. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Aesthetic Entrepreneurship," NYU-STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). Elaydi, R. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Inclusive Economic Ecologies for Poverty Alleviation: Developing Inclusive Business Within Inclusive Markets," NYU- STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). Elaydi, R. (Presenter & Author), 8TH ANNUAL NYU-STERN CONFERENCE ON SOCIAL ENTREPRENEURSHIP, "Social Entrepreneurship as Promoting Societal Citizenship Behavior.," NYU-STERN, NYU Campus in our Kaufman Management Building (44 W. 4th Street, NYC).. (November 2, 2011). Elaydi, R. (Presenter & Author), MBAA International, "Seeing the Visible But Not Yet Seen: Abstract Visual Processing and Entrepreneurial Leaders," MBAA International, Drake Hotel, Chicago Illinois. (March 23, 2011). Petty, R. (Presenter & Author), Construction Economics Research Network Meeting, "The Effect of Prevailing Wage Laws on African-American Employment in the Construction Industry," Center to Protect Workers Rights, Washington, D.C.. (May 2012). Wellen, P. (2012). Marketing Warfare:A Case Study from the 2008 Beijing Olympics. International Journal of Business and Public Administration(Winter 2012), 8. Wellen, P. (2011). "Olympics Sports Sponsorships-Are They Really Worth It: A Case Study of the 2008 Beijing Olympics (vol. March 2011). Marketing Management Association Proceedings. Wellen, P. (2011). Marketing Warfare:A Case Study from the 2008 Beijing Olympics (Jan 2011 ed.). International Association of Business and Public Administration Disciplines. Wellen, P. (Author Only), Spring Conference, ""Olympics Sports Sponsorships-Are They Really Worth It: A Case Study of the 2008 Beijing Olympics," Marketing Management Association, Chicago, IL. (March 23, 2011). Wellen, P. (Presenter & Author), "Marketing Warfare: A Case Study from the 2008 Beijing Olympics," International Association of Business and Public Administration Disciplines, Orlando, FL. (January 4, 2011). Dermisi, S., American Real Estate Society Annual Meeting, "Effect of transnational terrorism on private commercial buildings," American Real Estate Society, Seattle, WA. (April 2011). Dermisi, S., American Real Estate Society Annual Meeting, "Spatial penetration and performance of LEED ratings & certification levels among office buildings," American Real Estate Society, Seattle, WA. (April 2011).

28 Dermisi, S. (Presenter & Author), Abadie, A. (Presenter & Author), AEA/ASSA Annual Meeting, "World Trade Center tenant relocation patterns McDonald, J. (Presenter & Author), HCB Executive Education, "Real Estate and the Financial Crisis," HCB, Chicago. (December 6, 2011). McDonald, J. (Presenter & Author), Real Estate Seminar, "Real Estate and the Financial Crisis," Union League Club, Chicago. (November 17, 2011). McDonald, J. (2012). A model of mixed land use in urban areas. Theoretical Economics Letters, 2(1), 7 pp.. McDonald, J. (2012). A theoretical examination of untaxed entities and taxed entities in the market for commercial real estate. Journal of Modern Accounting and Auditing, 8(No. 2), 267-280.. McDonald, J. (2012). Optimal leverage with a variable borrowing rate. Applied Economics Letters, 19(2), 117-121. [Accepted: January 2011, Published: January (1st Quarter/Winter) 2012, Submitted: July 8, 2010] McDonald, J. (2011). Public Housing Construction and the Cities: 1937-1967. Urban Studies Research. McDonald, J., UIC, S. H. (2011). Monetary policy and the housing bubble. Journal of Real Estate Finance and Economics, Published online, hard copy forthcoming in 2012, 22 pp.. McDonald, J. (in press). Untaxed entities and taxed entities in the market for commercial real estate. To appear in Journal of Modern Accounting and Auditing/David Publishing, 25pp.. McDonald, J. (2011). Untaxed and taxed entities in the market for commercial real estate. International Real Estate Review, 14(2), 240-257. McDonald, J. (in press). Imagining the future of an individual city (pp. 24). Edward Elgar, Elgar Handbook on Research Methods on Cities, P. Kresl and J. Sobrino, eds.. McDonald, J. (Author Only), American Real Estate Society Annual Meeting, "Dynamics of Housing Price - Foreclosure Rate Interactions," American Real Estate Society, St. Pete Beach, Fla. (April 20, 2012). McDonald, J. (Presenter & Author), Regional Science Assoc. Annual Meeting, "Pigou, Knight, Diminishing Retruns, and Optimal Pigouvian Congestion Tolls," Regional Science Assoc., International, Miami. (November 10, 2011). McDonald, J., UIC, S. H. (Presenter & Author), Illinois Economic Association Annual Meeting, "Housing Price - Foreclosure Rate Interactions," IEA, Chicago. (October 29, 2011). McDonald, J., UIC, S. H. (Presenter & Author), Seminar, "Monetary Policy and the Housing Bubble," Dept. of Economics, Univ. of Illinois at Chicago, Chicago. (September 30, 2011). McDonald, J., American Real Estate Society annual meeting, "Untaxed and taxed entities in real estate investment," American Real Estate Society, Seattle. (April 14, 2011).

29 Principle 5

Partnership: We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.

Overview WEHCBA’s primary vehicle for networking with managers of business corporations is through development of advisory councils or boards. A board of advisors has been associated with the Marshall Bennet Institute for Real Estate for some years. An active advisory council for the college has been organized over the last two years.

The Dean’s Advisory Council. The Dean’s Advisory Council is comprised of business, government, academic and alumni leaders who are interested in the vitality of the Walter E. Heller College of Business Administration at Roosevelt University. The Advisory Council advises the Dean of HCB on ways to strengthen its instructional, research and outreach programs, improve facilities, expand its base of support and serve its alumni. Among other requirements, members of the council are asked to become and remain informed about the mission, programs, and activities of the College and to help the College establish mutually beneficial partnerships with individuals, corporations and foundations; Consistent with this expectation, the College’s emphasis on professional integrity, sustainable business practices, and global engagement is integrated into regular meetings through choice of presentations such as sustainability and accounting forensics.

The 32 organizations or businesses represented on the Dean’s Advisory Council include, but are not limited to AT&T Global Services, KPMG, Motorola Solutions, and Exelon. They advise the college on a range of issues, from development to current business trends. This initiative has enabled the college to better address the needs of area businesses and to open the discussions about needed revisions to curriculum, internship opportunities, student mentorship availability, and opportunities for faculty and business partnerships

Board Chairman Ms. Michaeline Gordon Of Counsel Mr. Juan C. Avila Anthony J. Madonia & Associates, Ltd. Senior Vice President Investment Advisory Ms. Leslie Andrews Mesirow Financial Caterpillar Company

30 Mr. Bob Barr Mr. Richard Keith CEO Senior Director Private Broadband Strategic Advisors Worldwide Radio Solution Business Motorola Inc.

Mr. Reginald Lomax Mr. Gerald Bauman Water Tower Financial Partners, LLC CPA | Managing Principal H & R Block Tax & Business Services Mr. Bill McNamara Principal Mr. Fabrice Bonvoisin Dearborn International Inc. President FB International, LLC Mr. David Marshall

Mr. Ronald Dietz Mr. Robert C. Marshall Vice President, U.S. Restaurant Operations Ms. Terri Diggs McDonald’s Corporation, USA, LLC Sales Center Vice President AT&T Government and Education Accounts Ms. Dorri McWhorter - Illinois Executive Crowe Chizek and Company LLC Mr. Barry Jay Epstein Partner Ms. Tina Milligan Russel Novak & Company, LLP Partner Baker Tilly Virchow Cruse, LLP Mr. Bruce Ferguson Marketing Principal Ms. Karmaleta “KC” Moseley Thoughtworks Studios Sr. Manager, Enterprise Supplier Diversity Vice President, U.S. Procurement & Ms. Donna Gaines Strategic Sourcing President & CEO Harris Bankcorp Alliance of Business Leaders and Entrepreneurs (ABLE) Mr. Ralph Nach, CPA President Mr. Mishra Gokula SkillSmart LLC

Robert Graettinger Mr. Peter Osmanski Attorney at Law Director, Forensic Advisory Services KPMG LLP Mr. Brian J. Guastella Director, Audit Services Mr. Marshall Ottenfeld McGladrey & Pullen, LLP President and CEO Mid-America Research, Inc

31 Mr. Seun Salami Mr. Hugh A. Shields Manager, Audit and Enterprise Risk Principal Services Shields Meneley Partners Deloitte & Touché LLP

Mr. Daniel Schuette Vice-President, Treasure Management Mr. Emmett T. Vaughn Corporate & Institutional Banking, National Director – Office of Diverse Business West Empowerment The PNC Financial Services Group Exelon Corporation

Marshall Bennett Advisory Council

Advisory Board Members Bruce J. Adreani Norwood Builders President Bruce Bachmann Bachmann Associates, Ltd. President Warren Barr Renaissant Development Group President / CEO David J. Burden Colliers Bennett & Kahnweiler Inc. Executive Vice President Carmen Pilar Caldero CPC y Asociados President John G. Caruso Kirkland & Ellis LLP Partner Joel Cooper, JD. Freeborn & Peters LLP Partner Stephanie Draughon Walgreens Co. Supervisor, Real Estate Tax Appeals Mike Drew Structured Development LLC Partner Maureen Ehrenberg FRICS, CRE CB Richard Ellis - Global Corporate Senior Managing Partner - Global Corporate Services Strategies Collete English Dixon Prudential Real Estate Investors Vice-President - Transactions

32 Bruce Fogelson ZMA, Inc. President Laurance Freed Joseph Freed Associates, LLC President Bradley Gordon American Enterprise Bank Highland Park President James P. Grusecki Northern Builders, Inc. Chairman / CEO Celeste Hammond John Marshall Law School Professor / Director Center for Real Estate Law Dennis Harder D. A. Harder & Company/Roosevelt Consultant / Teacher University Harry Huzenis JRG Capital Partners Executive Vice President John R. Joyce Arnstein & Lehr LLP Attorney Richard M. Killian Infinity Capital Holding Corporation Chairman / CEO Michael Luecht ML Realty Partners President / CEO Richard Levy Fisk Kart Katz & Regan Attorney Louis Mallers PHH Mortgage Frank A. Martinez Sanchez and Rivera Title Partner Richard Mattioda Leopardo Construction, Inc. President Henry Mautner MFRI Midwesco Vice Chairman / Director John H. Mays Gould & Ratner LLP Managing Partner Clayton McCaffery McCaffery Interests Vice-President of Leasing Thomas J. Meier Chicago Title Insurance Company Vice-President / Director of Sales Brian Meltzer Meltzer, Purtil & Stelle LLC Attorney John A. Murphy, CMI Popp, Gray & Hutcherson, LLP Director, Real Estate Assessments Mary Nack, CRB, CRS, GRI, PMN The M. Nack Team, Inc.

33 Joseph Neverauskas BPG Properties, Ltd. Senior Vice-President Thomas B. O'Brien Henry Bros. Co. Vice President Joseph Pasquinelli Archideas, Inc. Principal David J. Pezza Pircher, Nichols & Meeks Partner Barry Schain Center Creek Development Principal Adair Schwartz Schwartz Solutions Inc. David Smith First Bank of Highland Park Senior Vice President - Commercial Real Estate Richard Stein Mesirow Financial Real Estate Senior Managing Director Gregory T. Warsek Associated Bank, N.A. Senior Vice-President Regional Manager, Commercial Real Estate Division Tiffany Winne Studley Corporate Managing Director Associate Branch Manager Joseph Wisniewski Deloitte Tax LLP Partner Goldie B. Wolfe Miller Millbrook Corporate Real Estate Services President

34 Lecture Series. WEHCBA partners with managers of local businesses to bring nationally and globally-recognized speakers to Chicago for various lecture series. Samples of activities for Academic Years 2008-09 and 2009-10 are described under Principles 1 and 6. Fogelson Forum: October 6, 2011

Over 100 industry professionals, faculty and students gathered for the Fall 2011 Fogelson Forum on October 6th to hear Larry Okrent speak on his new book: Chicago From the Sky: A Region Transformed. The book documents the rapid urban change that has occurred in Chicago through a series of aerial photographs taken, compared and interpreted by Mr. Okrent over a period of three decades. As a planner at Skidmore, Owings and Merrill, Mr. Okrent worked on The Chicago 21 Plan - A Plan for the Central Area of Chicago - completed in 1973. He founded his own firm, Okrent Associates, in 1979 which has planned such projects as the Museum of Contemporary Art; expansions at the Shed Aquarium and the Adler Planetarium; and dozens of planned developments. Over 40 members of the audience participated in the book signing after the presentation.

Lawrence Okrent, (L) Okrent Associates signs a copy of his book, "Chicago From the Sky: A Region Transformed", for Marshall Bennett of Bennett Enterprises.

35 Ross Glickman, Urban Retail Properties (left) and Gerald Fogelson, The Fogelson Companies were among the many attendess at the Gerald Fogleson Forum on Real Estate held October 6th at Roosevelt University. Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative Program Context

Goldie B. Wolfe Miller has achieved success in commercial real estate in the Chicago region and has functioned as a role model for other women in the industry. One of her goals in life remains to increase the resources available to women to make further advances in the field of commercial real estate.

Women are significantly underrepresented in the real estate development industry, particularly in positions that reflect levels of leadership. CREW, the national association of commercial real estate women, conducted a national survey in 2005 described as the commercial real estate industry’s first comprehensive look at the women in the industry. On September 30, 2005, their summary news release of that survey reported that women comprise 36 percent of professionals in the commercial estate industry and “at comparable levels of experience, significantly more men achieve senior level positions than women.” Data and findings from that study can be viewed at: http://www.crewnetwork.org/

36 Program Background

The mission of the Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative is to promote women in the commercial real estate industry to achieve leadership positions. By educating, encouraging, and supporting women in this industry, the goal is to prepare them for senior leadership roles in all sectors of commercial real estate. This initiative incorporates scholarships, mentorship and networking which will be open to women in all facets of the real estate industry.

Graduates from this program will receive a real estate graduate degree from Roosevelt University, Chicago School of Real Estate in the Walter E. Heller College of Business.

In addition, graduates from the program will receive a special certificate designating them as graduates of the Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative.

Networking Night invites local Entrepreneurs to teach students how to network.

Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative. The WEHCBA Real Estate program features the Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative which supports women aspiring to leadership roles in the real estate industry. Each year, a group of women are selected as “Goldie’s Scholars” and receive financial and career support (including mentors, internships, and special programs) while enrolled in the real estate program at Roosevelt University.

37 associations. A sampling of these can be found in Exhibit C. The meetings and various activities these organizations conduct present regular forums in which our faculty can engage in meaningful discourse with the business community’s leaders. The scope of these organizations includes the entire spectrum of contemporary business practices. Many of our faculty members hold positions of leadership within these groups permitting a more direct degree of influence.

38 Principle 6

Dialogue: We will facilitate and support dialog and debate among educators, business, government, consumers, media, civil society organizations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability. We understand that our own organizational practices should serve as example of the values and attitudes we convey to our students.

The Walter E. Heller College of Business Administration facilitates dialog among educators, business, government and other stakeholders through its support of a variety of lecture platforms. Students and alumni of the College are invited to attend and participate in these events. As a result, students have the opportunity to observe and meet individuals who have publicly spoken about critical issues related to societal well-being.

Great Lakes Council of Business Schools and Programs ACBSP Region 4 Conference Schaumburg, Illinois October 4-5, 2012

Roosevelt University and Triton College will host the 2012 ACBSP Region 4 Conference of the Great Lakes Council of Business Schools and Programs on October 4-5 in Schaumburg, Illinois. We are pleased to announce the region will again participate in the Best of Regions program as we encourage your submission of a presentation that reflects the theme of the 2013 Annual Conference on June 21-24 in Salt Lake City, Utah. That theme is Sustainability and Corporate Responsibility in the Classroom.

Exhibit C. Business Association Affiliations National Association of Information Systems Audit National Association of Black Certified Valuation Analysts and Control Association Accountants Illinois Association of Attorneys Illinois CPA Society National Futures Association American Taxation Association U.S. Tax Court Chicago Mercantile Exchange Lake Zurich Chamber of Illinois State Bar American Institute of CPAs Commerce Association of Certified Fraud Institute of Management Association of Certified Anti- Examiners Accountants Money Launderers

39 Financial Management Berrien County Bar Chicago Bar Association Association Association Indiana Bar Association Michigan State Bar New Buffalo Business Association Harbor Country Chamber of National Association for Society of Human Resource Commerce Hospital Development Management Tax Executives Institute Illinois Restaurant Chicago Consulting Club Association Executives Club Baldrige Examiner American Real Estate Society Chicago Area Software Metrics Chicago Building Owners Association for Computing Association and Managers Association Machinery Independent Industrialists and Technology Managers Chicago Organization Businessmen’s Association Association Development Network City Club of Chicago Illinois Psychological OD Network Association Institute of Management Organization Development Association of Private Pension Consultants Institute and Welfare Plans Arts & Business Development Chicago Professional League of Women Voters Council Networking Association National Association for Northwest Human Industrial Psychology Female Executives Resources Council Association of Chicago Young Professional Global Global Chicago Center Chicago Council on Foreign Network Relations American Board of Professional Chicago Healthcare Chicago Council on Foreign Psychology Executive Forum Relations Fashion Group International Direct Marketing Metropolitan Planning Council Association The Civic Federation of Urban Land Institute Delta Redevelopment Institute Chicago The Chicago Council of Global ACG ITAGC International Trade Affairs Assn.

The Heller Lecture Series. The Heller College of Business and Mesirow Financial hosted a lecture and luncheon in May 2011. This is a continuing series that featured Michael Oxley, sponsor of the 2002 Sarbanes-Oxley Act; the second lecture featured Sherron Watkins, a whistleblower who testified in the Enron hearings. In addition to engaging students in discussions of controversial corporate events, the choice of these two speakers supported dialog among educators and interested stakeholders about social responsibility and sustainability. The Training and Development program in Roosevelt University’s College of Professional Studies also contributed to the success of the event by arranging for Ms. Watkins to meet with students and faculty following a viewing of documentary “Enron: The Smartest Guys in the Room.” The purpose of this event was to allow Ms. Watkins to answer questions concerning her involvement in bringing the Enron scandal to light. Mr. Bob Woodward, the Washington Post reporter who

40 uncovered Watergate and Mr. Harry Markopolos, whistle blower of the Bernie Madoff affair have been the most recent speakers.

Women’s History Month. The Walter E. Heller College of Business Administration sponsored Pamela Evans, chief operating officer for YWCA Chicago, spoke at the Gage Building, 4th floor commons, on Thursday, March 22 as a part of Women's History Month.

•How she became the Chief Operating Officer and what it takes to get there.

•How to climb the "ranks" at any organization as a woman or a minority.

•Employment and volunteer opportunities at the YWCA.

Black History Month. This is a regular event for the college. We have hosted a variety of speakers to celebrate Black History. In February 2012 we hosted the Minority Business Roundtable sponsored by Exelon. A standing room only event provided information to citizens, students and alumni on how to be a successful minority business owner.

Community Engagement. Faculty members, both full-time and part-time, are active and visible contributors through community engagement to the spirit of PRME initiatives in their personal and professional lives. This enables them to bring their knowledge of responsible management principles to organizations and initiatives within their community in a manner that positively impacts its well-being. WEHCBA encourages these forms of community engagement through its formal and informal reward systems. These activities also represent visible commitments to Roosevelt University’s cultural value of community service. The faculty members are benefited through networking with managers of organizations from non-academic sectors and through obtaining valuable insights and experiences that directly enrich their students’ education. Examples of community engagement activities are included in Exhibit D.

Exhibit D. Examples of Community Engagement Activities Name & Discipline Organization or Affiliation Joseph Ament (Accounting) Council of Jewish Elderly, Hillels of Illinois , Ida Crown Academy, Jewish Federation of Chicago. Donald Bernstein Learning Together community organization (Management) Shamsul Chowdhury Bangladesh Association of Greater Chicagoland (Information Systems) Sofia Dermisi (Real Estate) Chicago Community Emergency Response Team

41 Michael Groner (Accounting) Loollel (Skokie, IL) Ralph Haug, (Management) Board: local assisted living facility Thomas Head (Management) Boy Scouts of America (local) Pro Bono Organizational Development Donald Hoppa (Accounting) Pro bono tax workshops for lower income citizens John McDonald (Real Estate) Classical Symphony and Protégé Philharmonic of Chicago Richard Ruby,( Professor of Dunes Art Foundation Business Law) Undine Stinnette (Accounting) Accounting Firm Diversity Summit INCPA Women’s Leadership Breakfast Sumaria Mohan-Neill Pro Bono Consulting for Entrepreneurs (Marketing) Channa Naimon (Adjunct Chicago Rabbinical Council Faculty) Lowell Matthews (Adjunct Sponsorship for the Global Organization Development Summit faculty) (Phillipines) Dean Terri Friel AIDS Foundation of Chicago Board member ITAGC Board Member

Future HCB Initiatives

The Walter E. Heller College of Business Administration is continuing its efforts to fully realize the benefits of the PRME initiative. In the near future, the College will focus on several primary areas of development – Curriculum, WEHCBA Codes of Conduct, Professional Development, and Student Engagement.

Curriculum Development. While it is recognized that curriculum development will be on-going, a defined goal is to develop an MBA Concentration in Sustainable Development. HCB will begin the approval process for an MBA with a concentration in Latin Studies that will include require travel and the HACE leadership training program.

There is also work that will begin on the Certified Financial Advisor program for MBAs with a finance interest.

Development of new courses overseas is underway this summer. Programs in Madrid, Paris, Krakow, Istanbul, and Melbourne are being developed for the coming 18 months.

42 WEHCBA Professional Development. Professional Development activities are being designed to support efforts by faculty members to incorporate the PRME principles into their courses. A new college committee is working on these issues.

WEHCBA Codes of Conduct. A faculty/student task force appointed by the WEHCBA Faculty Council is charged with creating college level codes of ethics for faculty members and for students that reflect the PRME Principles. These codes will complement those that have been adopted by Roosevelt University. However, they will focus on the unique dimensions of the business school that serve as a guide in educating and developing our students for their future career challenges, one of which is to create a more sustainable world. Completion date with faculty approval is anticipated to be Spring 2011.This will build on the WEHCBA statement of its Values and Beliefs that will be recommended for adoption during Fall 2010.

Student Engagement. WEHCBA will support and promote on-going development and engagement of students through club activities, in particular the MBA RU Net Impact Chapter. The Chapter will be directly involved in organization of the September Professional Development event. In addition, the Delta Mu Delta Honor Society will participate and help organize at least one event on Sustainable Business Practices and Corporate Social Responsibility. Plans will be implemented for organizing an RU Net Impact Chapter for undergraduate students.