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IVEY BUSINESS SCHOOL—2012 ANNUAL REPORT 6 Balance MBA EMBA EMBA Hong Kong

10 Leadership HBA MSc

14 Action Executive Development

20 Strength Research & Faculty

24 Excellence Investing in Tomorrow

48 Tomorrow

The 2012 Annual Report is the first publication to use the new Ivey logo. For more information about the new visual identity and the Ivey Business School visit: www.ivey.uwo.ca/iveybrand It’s a tradition of innovation that sets us apart. By making bold decisions and seeing them through, we continue to stay ahead of the curve and, in doing so, create the leaders who will make an impact tomorrow. Today.

Cross-Enterprise Leadership: Strategic Imperatives

Create Build Focus Align Launch

1. Create intensive 2. Build the world’s 3. Focus executive 4. Align our research 5. Launch an ambitious cutting-edge best undergraduate development to to solve a handful fundraising campaign post-graduate program and grow support businesses of the most critical to support our future degree programs its size in the development cross-enterprise and strengthen our of Cross-Enterprise business issues connection with Leaders Ivey alumni around the world

2012 ANNUAL REPORT — 1 If I were limited to sharing just two of the These enduring characteristics have A Message School’s many accomplishments in 2012, enabled the School to adapt and grow I would point to the Gold Award for Education while maintaining a solid commitment to from the Excellence presented by the Canada China its foundation and its mission: to develop Business Council (CCBC) and a breakfast business leaders who think globally, act welcome for 600 HBA1 students at the London strategically and contribute to the societies Dean Convention Centre. in which they operate. Behind these two events are dozens of In my view, Ivey’s defining characteristics are Carol Stephenson, O.C. initiatives and decisions interconnected over twofold: a perceptive and visionary worldview Dean, Ivey Business School the decades that have defined who we are supported by strategic discipline; and a Lawrence G. Tapp Chair in Leadership today – both as a faculty within Western tradition of innovation enabled by a spirit University and a community of Ivey alumni of collaboration and a deep commitment to “Our Cross-Enterprise around the world. improve the practice of management. Leadership strategy Each year there are critical events that define The two achievements I have highlighted are integrated all elements points in time and alter our future. When I living examples of these strengths. began at Ivey in the summer of 2003, the SARS To fully appreciate the relevance of the CCBC of who we are and crisis was winding down while the war in Iraq award, you must trace the story back through what we do.” was winding up; the International Olympic more than three decades and five Deans. It Committee awarded Vancouver the 21st begins prior to 1984 (long before most of us Winter Games; and Apple launched iTunes. anticipated the economic powerhouse China Throughout my tenure, many other events would become) when the School launched disrupted our world view, most notably the the China Project with a ground-breaking financial crisis of 2008–09. partnership with Tsinghua University. From However, it is not the events themselves that this starting point, Ivey continued to evolve have defined us. Rather, it is how we prepared and commit to academic leadership in China, for them and how we responded to them. becoming the first and only North American As I reflect on my time as Dean, I can clearly business school to build an independent see how a few distinguishing characteristics campus in Hong Kong in 1998, and the world have defined Ivey under my leadership as well leader in the development and distribution of as that of the Deans who came before me. Asia cases today.

2 — 2012 ANNUAL REPORT Highlighting a year in gifts. Ivey Campaign for Leadership Throughout 2012, 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 30.

• KPMG Enterprise donated $300,000 to establish CommunityShift™, an exclusive development program and network designed for C-level leaders of Canadian charities and not-for-profit organizations.

• Donald Lang, HBA ’80, donated $500,000 to create an endowment to establish a new HBA scholarship in entrepreneurship. In addition to academic achievement and demonstrated leadership skills, the recipients will personify the spirit, passion and drive necessary to become a successful entrepreneur.

• Marion & Donald McDougall, MBA ’61, donated $250,000 in support of Ivey’s new building, in addition to a $250,000 planned gift to provide future support This same level of commitment and foresight 3. Focus executive development to support to the Ian O. Ihnatowycz Institute for Leadership. marks the evolution of the HBA program. You businesses in the development of could argue that the 2012 story highlighting Cross-Enterprise Leaders • Suncor Energy Foundation invested our eighth section of HBA students could 4. Align our research to solve a handful of $1.125 million to establish the Suncor be traced back to the School’s beginning 90 the most critical cross-enterprise business Chair in Energy Policy and the Suncor Energy Emerging Leader Award, years ago. In truth, our decision to grow the issues, creating dedicated institutes and HBA into the world’s best undergraduate in addition to supporting program cross-disciplinary centres of excellence outreach, case-writing and research. program started in 2005 as one of five key 5. Launch an ambitious fundraising campaign pillars in Ivey’s Cross-Enterprise Leadership • Kathleen & William Troost, MBA ’75, to support our future and strengthen our Strategy. This strategy was the consequence increased their support of the Ian O. of six months of stakeholder consultations connection with Ivey alumni around the world Ihnatowycz Institute for Leadership with combined with a comprehensive With your help, we have been successful on an additional $1 million commitment, environmental and competitive analysis led all fronts. Fortunately, we are not limited to bringing their total Campaign for Leadership commitment to $2 million. by an interdisciplinary team from Ivey. just two highlights in this Annual Report, Our Cross-Enterprise Leadership Strategy as there have been many achievements to integrated all elements of who we are celebrate this year and many more to come and what we do, from how we approach in the year ahead. In June, we will celebrate research and develop faculty to how we the completion of our $200 million Campaign select our students and develop their for Leadership, and when we officially open leadership potential to address 21st century our doors to more than 1,400 students on challenges. Our 2012 Annual Report reviews September 9, 2013, we will also celebrate the our achievements through the lens of the five 90th anniversary of our first graduating class. pillars of this strategy: A past defined by a global perspective, 1. Create intensive cutting-edge post-graduate strategic innovation, collaboration and degree programs commitment. A future of unlimited possibility. This is where we stand today. 2. Build the world’s best undergraduate program and grow its size It has been an honour and a privilege to serve you as Dean. This is an extraordinary School with a great future. Ivey is in good hands. Yours.

2012 ANNUAL REPORT — 3 Dean Stephenson’s mention of Ivey’s Gold discoveries in nano-materials and -devices, A Message Award for Education Excellence from the polymers and macro-molecules, as well as Canada China Business Council as a highlight innovation in the theories and application from the of 2012 sends an important signal about the of synchrotron radiation. evolution of our university. Western reached another milestone last year President The distinction not only reflects well on Ivey’s when we became the first North American exceptional international outreach efforts, it university to open a permanent technology- raises the bar for Western’s broader potential transfer centre in China. Leveraging the talent Amit Chakma to play a bigger role on the global stage. At the found at Western and our affiliated London- President & Vice-Chancellor, Western University same time, there is no doubt China and other based research institutes, WORLDiscoveries countries will play more visible and active was established in 2008 to build bridges “Ivey’s Gold Award from roles in the life of our academic community between local invention and global industry. the Canada China Business here at home. Since then, innovations developed on campus have enabled this business arm of Western’s Council sends an important I am writing this message in a hotel room following a fascinating tour of the new research enterprise to become one of Canada’s signal about the evolution Centre for Synchrotron Radiation at Soochow top-five tech-transfer offices in terms of of the University.” University in Jiangsu Province, China, where licensing, patents issued and start-ups I’m travelling with Premier Dalton McGuinty launched. WORLDiscoveries is now committed on a trade mission to highlight Ontario’s to bringing our expertise and track record expertise in technology and innovation. of success to London’s sister city of Nanjing, where the goal is to lead the way in Chinese- Led by Western chemistry professor T.K. Sham, Canadian tech transfer. the Centre for Synchrotron Radiation officially opened last spring as a joint initiative between These are but two among a growing list Soochow and Western. Drawing upon the of research and education partnerships expertise of researchers from our Faculties Western is cultivating in China. Add to these of Engineering, Science, and Medicine & partnerships five dual-degree programs, Dentistry, the Soochow facility enables faculty 11 faculty-student exchange agreements and and students from both institutions to explore 13 faculty-research agreements with Chinese the detail of molecular structures – high-tech universities. And considering that some 2,100 science that holds the possibility for new Western alumni reside in China, more than

4 — 2012 ANNUAL REPORT Research highlights. Western University • With the support of a $65 million donation of computer hardware and software, IBM Canada enabled Western to play a lead role in the newly established Southern Ontario Smart Computing Innovation Platform (SOSCIP). The partnership between the governments of Canada and Ontario, IBM and a consortium of seven universities led by Western and the University of Toronto, SOSCIP pairs academic and industry researchers with high-performance technology capable of analyzing “big data” on a wide range of research challenges related to cities, health care, water conservation, energy monitoring and management, and agile computing. In November, SOSCIP’s IBM Blue Gene/Q system was ranked as Canada’s fastest supercomputer and among the top-100 fastest in the world.

• An HIV vaccine developed by a team of Western researchers led by Dr. Yong Kang advanced through Phase I Clinical Trials in the U.S., proving the prototype is safe and tolerable in humans. As the first and only preventative HIV vaccine based on a genetically modified killed whole-virus, the prototype is now being evaluated for its immunogenicity and efficacy, moving 100 of our faculty members originate from students, including four from Ivey, emerged one step closer to becoming the world’s China and close to 50% of our international in December from a pool of 70 finalists first commercialized HIV vaccine. student cohort originates from China and representing 19 universities to win a spot the Asia-Pacific region, the rationale behind among The Next 36 – described as Canada’s • As the first tenant in London’s new the region’s prominence in our international “most intense, hot-house effort to force grow Advanced Manufacturing Park and outreach comes into clearer focus. entrepreneurs.” For eight months and in teams the first research facility of its kind in Canada, the Fraunhofer Project Centre of three, participants receive mentorship from Of course, China was not the only country @ Western officially opened its doors in on our radar in 2012. In November, we some of Canada’s top business leaders, up November. As Europe’s largest research celebrated our partnership with Europe’s to $80,000 in venture capital and academic and development organization, the largest R&D organization with the official instruction from some of the world’s top Germany-based Fraunhofer Society joined forces with Western to create an opening of the Fraunhofer Project Centre faculty. Western is a proud academic partner of The Next 36. industry-scale production environment for Composites Research (FPC) at our new for developing, testing, validating and Advanced Manufacturing Park. Based in By this time next year, we will have bid a sad characterizing new lightweight materials Pfinztal, Germany, the Fraunhofer Institute but fond farewell to Dean Carol Stephenson, used in a wide range of manufacturing for Chemical Technology is a world leader in who retires this year after a decade at the applications, including the automotive, the development and testing of lightweight helm of the Ivey Business School. Carol has aerospace and renewable energy materials. Attracted by Western’s expertise in demonstrated tremendous leadership during industries. materials science, Fraunhofer has set up shop her tenure at Ivey, and she will leave behind • The BBC-TV program Panorama featured in London to focus its research on polymer a remarkable legacy when she departs. I look Western neuroscientist Adrian Owen last composites highly valued by manufacturers forward with great anticipation to celebrating fall, detailing his revolutionary efforts to in the automotive, aerospace and renewable her many achievements when we join communicate with severely brain-injured energy industries. Backed with financial together with faculty, students, staff, alumni patients. The documentary, “The Mind support from three levels of government, the and friends this coming September to cut the Reader: Unlocking My Voice,” captures the first time Owen’s team of researchers venture marks Fraunhofer’s first partnership ribbon on the new Ivey building. had a patient in a vegetative state with a Canadian university and promises to successfully respond to a specific question attract new industrial partners to London and about his personal situation. southwestern Ontario. And in the search for Canada’s next generation of entrepreneurial leaders, Western also fared well in 2012. Six of our undergraduate

2012 ANNUAL REPORT — 5 Innovation BALANCE Strategy

Strategic Imperative 1 — Create intensive cutting-edge post- graduate degree programs

Seven years ago, Ivey had the foresight and courage to break the mould of conventional MBA and EMBA programs in order to better meet the needs of our students. In doing so, we’ve developed an interdisciplinary foundation for our post-graduate programs that better prepares our graduates for the growing complexities of a global business world. By integrating tried-and-true learning models such as the Case-Method of Learning and Cross-Enterprise Leadership with cutting-edge technology, state-of-the-art facilities and outstanding educators, Ivey’s post-graduate degree programs offer a balanced business education that is second to none.

6 — 2012 ANNUAL REPORT MBA Putting your MBA on fast-forward.

Students and recruiters Ivey moved to a one-year model in anticipation • Career support and coaching that is built agree Ivey’s one-year MBA of changing student needs: we’re looking for right into the curriculum. the best candidates who want the intensity of Chris Cansick, part of the MBA class of program is meeting the the one-year format and the Case-Method of 2013, chose to come to Ivey because needs of the market. Learning that is much more experience-based of the accelerated one-year program. than a series of lectures. “Beyond Ivey’s incredible reputation, I chose to

“The program is designed for those prospective come here because of the smaller class sizes, Ivey MBA alumni walking into today’s one- students who have a strong sense of where the case-based learning and the fast-paced, year program will immediately recognize the they want to go and who don’t want to one-year MBA program. The accelerated intensity, classroom energy and exceptional take two years to get there,” said Sharon program allows me to get the most out of my classmates that characterized the two-year Irwin-Foulon, Director, Career Management. education with the least amount of time away programs of the past. “We’re looking for that person who is moving from my career,” Cansick said. The one-year MBA is a transformational to something rather than running from There are other considerations of lost wages experience that began in 2006 as a key pillar something.” during a two-year program, an important in a bold new strategy to revitalize the School For the discerning MBA investor, there are consideration for students considering their brought in by Dean Carol Stephenson: develop several strong reasons for taking an MBA career paths, notes Andrea Lam, also a student intensive and cutting-edge MBA and EMBA degree here: in the 2013 class. programs that build on our strong traditions • The respect for the Ivey tradition rooted and reputation. “Overall, Ivey has the right hardware and solidly in the Case-Method of Learning. software to prepare students for long-term Ivey’s integrated one-year program format – • The company of exceptional classmates, success. An MBA education is also a long-term now in its seventh year – begins with a solid all with solid work experience compared investment that will not only help me succeed foundation of business knowledge, and to participants in other MBA programs. in my next job but also go a long way in is rounded out by real-world projects and catapulting my career. In this regard, Ivey’s career-focused electives. • A cross-enterprise perspective that accelerates the students’ organization-wide one-year curriculum is unparalleled; the “In fact, MBA alumni walking into a one-year leadership skills. difference in opportunity cost for being out program class would find a lot of similarities of school for one versus two years is just too with their two-year program,” said Faculty • The enormous value of the alumni network. much to ignore.” Director Fraser Johnson. “None of the educational experience or intensity of the program was in any way compromised by Mikele Watters Amit Sahasrabudhe, MBA ’08 moving to one year. The high quality and BMO Capital Markets Deloitte Consulting selectivity have remained consistent. Vice-President, Professional Development Manager, Corporate Strategy

It’s something alumni can be proud of.” “In the last five years, BMO Capital Markets has spent “Knowing the process itself, and knowing the types of With more than 15,000 MBA programs a lot of time working with the Ivey team to identify students we’ve got in the past in our Deloitte practice, in multiple formats around the world from great and amazing candidates for both our sales and we continue to go back because we continue to see trading businesses, as well as for investment and a lot of highly qualified students, highly intelligent, which to choose, the MBA market can corporate banking.” bright; they are highly polished and professional be a challenging and hyper-competitive throughout the process, as well as when they come one for students. into our firm.”

2012 ANNUAL REPORT — 7 EMBA Bonding with a country and a cause.

EMBA India Trip teaches “From setting up the appointments and integrate what they have learned in the meetings to finding these places, there are program and learn how to do business in students how to make an a lot of hiccups along the way, so you have and with India. impact in another culture. to be flexible.” “One of the School’s goals is to train global Sharon Castelino-Wontorra, Vice-President, managers, so we want people to be at ease Operations and Technology, with TD Canada doing business internationally and working While Birgit Rameseder, EMBA ’12, started her Trust, also had an eye-opening experience in in a cross-cultural environment. One of the Executive Client Field Project (ECFP) consulting India. Castelino-Wontorra is Indian-born and first things that the trip does is increase the for Harlequin Romance by investigating this has visited India many times, but this was her humility of the participants,” Schaan notes. vast market for its novels, it didn’t take her first trip there in a business capacity. While her “Once they go to India, they discover that it long to fall in love with the country itself. team’s plans were locked down well before is a thriving economy, that the quality of “India is a very colourful country in so many the trip, the on-the-ground experience forced management there is second to none, and ways,” said Rameseder, who is originally from them to rewrite their recommendations. so they come back with a greater respect for Germany and is Chief Geologist at De Beers “It was an opportunity to use the models Indian managers, companies and executives.” Canada’s Victor Mine. “I love how hard-working that we had learned in class through all of This global view is very important for and resourceful the people are there.” the different projects and case studies and Canadian EMBA students who may have The India Trip is part of the Executive Client exercises and bring it all to life,” said Castelino- little experience on the global stage. Field Project, a course in term three of the Wontorra. “There’s a certain sense of “They come back with some tremendous EMBA program and a critical part of the vulnerability and a thrill to doing that because experiences,” said Liz Snelgrove, EMBA real-world experience that is an important Recruitment and Program Services Director. component of the Executive MBA program. “Very often, they’ll have the expectation that Birgit and her classmates were the first Ivey “There has been not a day everything will go according to their plan and students from the program to go to India, since [you came] that we it doesn’t turn out that way, so it changes their after years of trips to Asia. As part of the field did not remember you whole perspective on doing business globally. project, students chose Canadian companies and the incredible gift It’s an eye-opening experience.” and worked with them as unpaid consultants to see if India might be a potential market you have given to our Giving back along the way. for their products or services. children…. You gave them The Indian culture also demanded a personal Beginning in first term and culminating in a future!” commitment from the students themselves. the trip, the students were responsible for — The Dream School Foundation Team Last year’s class raised $50,000 for a project every aspect of the project – from assessing called the Dream School, an organization that the needs of the company and setting up helps schools and children from low-income meetings in New Delhi, Mumbai or Bangalore it’s outside of your comfort zone. It brought backgrounds to complete their schooling. to reaching out to the Canadian and Indian the whole program to life for me.” Even with the extreme workload of the consulates, and even obtaining transportation. Professor Jean-Louis Schaan is field director EMBA program, it helped them bond not The trip enables students to pull together all for the India Trip and outlines how important only together but with India as well. of the material learned in class and put it to the trip is for EMBA students. The trip enables use “in the streets,” said Rameseder. students to live and work in another culture,

8 — 2012 ANNUAL REPORT EMBA HONG KONG What is CUPL? Deepening our relationships in China.

Ivey is furthering its well-established position in China through a new EMBA partnership with China University of Political Science and Law (CUPL).

• Highly reputable, top-tier national university in Beijing, specializing in law – considered a top law school in China. The new programs arising from Ivey’s level education in a practical, real-world partnership with CUPL will be the first of learning environment. • Founded in 1952 through the merger of their kind and provide Chinese executives the law, politics and sociology schools of Ivey was recently recognized by the Canada Peking, Yenching, Furen and Tsinghua with real-world, case-based learning about China Business Council as the Educator of the Universities. leadership and legal practices in international Year (see more on page 15) and has been active business. It will also be the first Ivey EMBA in Hong Kong and China for almost 30 years. • Played a leading role in all national program offered in Chinese. Now the relationship with CUPL is another step legislation activities since the founding of the PRC and leads China’s jurisprudence Mainland China is an important expansion forward in the leadership position we hold there. theoretical innovation. Conducts market for our well-established EMBA CUPL is a top-tier law school in China and has international academic exchanges in law program and builds on the success of played a leading role in all national legislative on behalf of the nation. the customized Executive MBA program activities since the founding of the People’s Benefits to Ivey developed and run with the Agricultural Republic of China. CUPL’s alumni are in key Bank of China (ABC) in 2011–12. positions in business and government. • Access to a very large and important market segment in China. “The relationship with CUPL allows us to “As China prepares for its next stage of increase our exposure in China beyond our development, internationally capable • First-mover association with highly strong base in Hong Kong, and we have the executives are in great demand. Ivey’s unique prestigious CUPL and its alumni. opportunity to partner with an organization case-method experience is increasingly that really knows the market there,” said • Introduction to new executive education recognized as a practical, real-world approach opportunities. Lyn Purdy, EMBA Director. to building international capabilities. We are The partnership comes at an opportune time experiencing tremendous growth in China as • Opportunity to learn about mainland for both China and Ivey. a result,” said Ivey Asia Dean Jan De Silva. enterprises and their leaders to leverage other Ivey programs. The shift to a talent-driven economy has An important addition to the program will created a severe shortage of internationally enable CUPL students to engage in a discussion Benefits to CUPL capable executives to lead multi-national around the legal and political implications of • Offering a Western degree in Beijing. companies in China as well as Chinese the material discussed in class – to the benefit enterprises going abroad. The program of both faculty and students. It’s a way for the • Learning about western business from will leverage Ivey’s decades of Asian teacher to become the student. a well-established case-method school. experience and many years teaching executive And a way for Ivey to extend its long-standing • Learning how to teach effectively with cases. relationship with China. • Association with a school that has shown its commitment to China. “With the business education strengths of Ivey and the distinguishing legal management features of CUPL, we will provide a new and sought-after talent development environment to meet China’s leadership development needs.” — Sun Xuan Zhong, Dean of CUPL Business School 2012 ANNUAL REPORT — 9 Initiative LEADERSHIP Judgment

Strategic Imperative 2 — Build the world’s best undergraduate program and grow its size

Founded on a tradition of innovation, Ivey has built a top-notch HBA program that provides undergraduates with a breadth of knowledge and empowers them to take initiative, practise critical thinking and implement creative business solutions with sound judgment. Our non-conventional format, coupled with our Cross-Enterprise Leadership approach, gives students the peripheral vision they need to identify and understand their role within an organization and, at the same time, see how that organization fits within the global market.

10 — 2012 ANNUAL REPORT HBA Bringing the classroom to life. A quick look at how Ivey students fared in important external activities that HBA 2014: History in enable them to take what they’ve learned in the classroom and apply it to real the making. business situations. Citi International Case Competition in Hong Kong: A third-place finish from among top-ranking global schools. The team: Adam Edgerley, Ethan Feldman, Russell Citron and Jeremy Chad.

Northeastern Case Competition in Boston: Ivey’s team placed first. The team: Connor Lyons, Samaar Haider, Norman Gao and Samantha Hamilton.

2012 ModelOff Financial Modeling World Championships in New York: Kevin Zhou placed in the top 20 from over 2,000 participants globally in a financial modeling competition.

The Next 36: Mallorie Brodie, Ali Jiwani, Owen Ou and Steven Wellman – all HBA2 students – will participate in the prestigious The Next 36 program for entrepreneurial leaders. They were selected from 70 finalists from 19 universities across Canada.

National Investment Banking Competition: HBA2 students took first and second in the competition against such schools as Rotman, Largest undergraduate class already making its Georgetown and Wharton. First-place team: mark both inside and outside of the classroom. Kevin Zhou, Kevin Gryp (AE02), Feroz Qayyum and Rohit Guntur. Second-place team: Linda Xu, Sid Mittal and Jing J. Ding. The HBA class of 2014 has already made “The quality of the typical Ivey HBA student, history. They are the largest undergraduate from academic excellence to leadership group to enter Ivey – approximately 600 potential, is of the same high standard. What students strong – and are fulfilling their is really different is the much greater diversity promise both in the classroom and in the of the class demographics. Most importantly, many projects and learning experiences they even though we have doubled the size of the are undertaking outside of class. program, we haven’t given up any of the And there is more history to be made in the elements that make it so unique and fantastic,” years ahead. When they graduate, it will be said HBA Program Director Mary Heisz. the culmination of a key pillar of Ivey’s strategy: What has made Heisz especially excited is the “Build the world’s best undergraduate program way in which alumni have stepped up to support and grow its size.” the growth of the undergraduate program. The eight sections of approximately 75 students “From judging case competitions to supporting represent 32 different birth countries and events like the Ivey Big Idea Event, alumni 34 languages, with approximately 30 percent have been there for the students,” Heisz of the students born outside of Canada. enthused. “They have really stepped up to Students Areeba Raza, Apoorv Gupta and Emanuel Not only do they come from all corners of support us in so many ways.” Bursuc were among HBA1s involved in the Hunter the globe, they also have extremely varied Straker and Ivey Give LemonAid event, which raised more than $42,500 in 48 hours for United Way. undergraduate experiences, including engineering, economics, science, IT, math, English and the arts.

2012 ANNUAL REPORT — 11 HBA Beyond the classroom.

A classroom that extends And there are other external opportunities, “These opportunities give the students a chance such as case competitions and service to see the world and meet and interact around the world gives electives, that also enable them to put their with students and judges around the world,” HBA students a global skills to work. said Heisz. “Many students are interested perspective on business. “In every one of these opportunities, students in working abroad, and this gives them have to think about the business challenge a chance to build a network of contacts holistically, considering all of the functional in other countries.” What can wrapping paper that’s safe for dogs areas they’ve covered in their program, from More importantly, case competitions are the to eat teach students about Cross-Enterprise strategy and finance to marketing and IT. Then Ivey brand in action. Leadership? they have to communicate their proposals “Our students get a chance to show off what effectively through the class presentations,” Enough to make the Cross-Enterprise strategy they do here at Ivey,” added Mary. “They get said HBA Program Director Mary Heisz. very real for students in the HBA program. a chance to say: ‘This is what we do here “Projects like these are ways of taking cross- every day.’ ” Through an HBA1 course called Learning enterprise learning out of the classroom and Through Action, students gain important making it come alive for students. It’s an Outside the classroom, a world awaits. real-world experience. One new initiative is excellent way for students to realize how much The classroom also extends beyond Ivey’s the Capital C Big Idea Challenge that gives they’ve learned and how it all fits together.” four walls through courses and electives. students a chance to think outside the box Projects can also help students understand HBA2 students in Professor Nicole Haggerty’s in building a business plan for products and the importance of contributing to their Service Learning in Africa elective visited four services that meet consumer needs. communities. Students involved in the Hunter business schools in Kenya, Rwanda and Ghana Pooch Papers, a unique proposal for pet-safe Straker and Ivey Give LemonAid event in to learn about the challenges of business there wrapping paper developed by Rob Cianfarani, April raised more than $42,500 in 48 hours and to bring case-based teaching to African Melissa DiMarco, Philip Jun, Anisha Karim, for United Way of London & Middlesex. business schools. The program – created Ajudriana Li, Jocelyn Reid and Jeffery Sehl, was Other opportunities, such as case competitions, through the assistance of Western University one of two winners in this challenge. international trips and clubs, challenge HBAs and the Engaging Emerging Markets Research The other was an idea that encouraged a to apply what they’ve learned to the real Centre – made a huge impact in the lives of healthier lifestyle among young adults by world of business. students involved. awarding points that could be redeemed for A chance to build the Ivey brand. In all of these opportunities, Ivey students products at participating companies. The are given the chance to turn their learning business plan was created by Michael Bolton, International case competitions give students into action, and hone their skills as the next Mike Henry, Lucy Liu, Wesley McPherson, a chance to test their mettle against other generation of business leaders. Huyen Nguyen, Rahul Srinivasan, Dhruv Vyas students and build a global contact list at the and Holly Whitnall. same time.

12 — 2012 ANNUAL REPORT MSc Ivey’s MSc program receives international recognition.

With a growing reputation worldwide and high praise from students, Ivey’s MSc program sets a new global standard.

With international recognition as the top school Community of European Management business school that has the best student in the CEMS Global Alliance in 2012, Ivey’s Schools (CEMS) – a global alliance of 28 top evaluations in academic program and career three-year-old MSc program is also gaining business schools on four continents along and program services. a global reputation for a unique quality with 70 corporate partners and four NGOs. The students’ high praise included all facets of exhibited by its graduates – cultural dexterity. “Word is getting out about the high-quality Ivey’s service culture – from staff, alumni, the A pre-experience masters-level program, Ivey’s program and the type of student we’re looking program office and career management to the MSc in Management develops graduates for,” Meister said, and this is where Ivey’s MSc way faculty run a class by drilling down into who immediately differentiate themselves degree shares a similarity with its HBA, MBA the key points of a case. with a deeper understanding of global and EMBA siblings. The high expectations around responsibility business cultures and the ability to transfer The MSc program has taken the foundations and accountability also seemed to resonate management solutions around the world. of all of Ivey’s programs – the case method, with MSc students, said Meister. “People are starting to see that our graduates the cohort-based system, exceptional “We hold them accountable – to be in class, can really work well in an international context,” communication skills, demanding workloads to be prepared, to share their preparation said Faculty Director Darren Meister. “They and real-world applicability – and added and to treat themselves professionally. They literally work in an international environment a distinct international context to each. rise to the challenge, even with a very heavy every day of the program, whether here or at “Your classmates are now inherently workload that demands the best of each a partner school. At no point do they work in international; the case-based methodology student. It’s something that students have a comfortable environment with people who is changed by the students’ international come to respect during their time here.” share the same cultural upbringing as they do.” experiences; and while the cases may have These high expectations are being reflected in Ivey launched both its MSc program and a more of an international flavour to them, the a growing placement rate, enabling students CEMS Master’s in International Management reality is that Ivey has been in an international to display their cultural dexterity at many Program option, which allows students to space for quite some time,” Meister added. interesting companies around the globe – study abroad at a CEMS partner school, in “That’s really been a strength that we are Johnson & Johnson, McKinsey, Ernst & Young, 2009. The program has grown to 41 students building on in this program.” IBM and Porter Airlines, to name a few. in the January 2013 incoming class, the largest 2012 School of the Year. so far. Ivey’s MSc program was also the first With more firsts sure to come, Ivey’s MSc North American and the exclusive Canadian In December 2012, Ivey was honoured as the reputation will continue to grow in the partner school to join the prestigious CEMS School of the Year, awarded to the coming years.

2012 ANNUAL REPORT — 13 Experience ACTION Insight

Strategic Imperative 3 — Focus executive development to support businesses in the development of Cross- Enterprise Leaders

It’s not the title that is the measure of good leaders; it’s their actions. In Ivey’s Executive Development programs, the classroom becomes a lab in which leaders test their experience against new knowledge and gain real insights that transform vision into action. True to Ivey’s innovative spirit, our Executive Development programs, more than any other, have been refocused on leadership. By redefining the scope of our programs and curriculums, Ivey ensures that every participant returns home a leader who sees the big picture and has the confidence to take action.

14 — 2012 ANNUAL REPORT EXECUTIVE DEVELOPMENT An exceptional history. A bright future.

Ivey’s long-standing category, and received the honour at a gala Participation in the program comes as a relationships with China event in Montreal in November. reward for exceptional performance by Combined with a partnership with China executives, said Moling Sheng, Ivey’s China and companies like ABC University of Political Science and Law (CUPL) Director, EMBA & Executive Development. are being recognized announced in 2012, Ivey’s capacity in China And feedback from participants confirms that the program was rewarding indeed. and rewarded. is growing. “ABC is an example of a major Chinese enterprise “The participants were mostly over age 40 that’s really trying to build international and had limited international exposure. We used simultaneous translation and translated China’s pursuit of an international profile is capabilities into its organization, and that’s case materials, and the participants greatly fuelling its need for executive talent with a the reason for its continuing academic embraced this approach,” said Sheng. global perspective. Ivey is benefiting from this partnerships with Ivey,” said Jan De Silva, “It speaks well for the future of case-method demand by developing new relationships and Dean, Ivey Asia. teaching going forward.” extending partnerships with existing clients, Beginning with a customized EMBA program such as the Agricultural Bank of China (ABC). for 25 select executives in 2011, Ivey’s With our entry into Chinese language programs, our campus in Hong Kong, our Ivey’s continuing involvement in Asia relationship with China’s third-largest bank growing portfolio of programs in China, the culminated in 2012, when the School received has evolved into executive programs for 235 work we’ve done with ABC and the emerging the inaugural Education Excellence Award senior executives from major markets spread relationship with CUPL, Ivey is well positioned from the Canada China Business Council (CCBC) across China. Done in shifts over a five-week to meet the growing needs of executive for outstanding achievements in expanding period from October to November, the training in Asia. Canada’s relationship with China. Ivey was classes covered bank-centric topics, such as unanimously chosen by independent judges international marketing, international finance to receive the Gold Award in the education and international risk management.

Building leaders in the not-for-profit sector.

Ivey and KPMG have organizations and traditional charitable Drawn from the executive levels of groups – develop the leadership and business well-established national programs, the partnered in an Executive acumen needed to lead them into the CommunityShift participants have a wide Development program future. Developed in 2012, the first program array of experiences, many having worked in that will change the face ran January 13–18, 2013, at Ivey’s Spencer the for-profit sector, said Ariff Kachra, Faculty Leadership Centre, with 46 participants. Program Director. of community leadership. The introduction of CommunityShift is a “In CommunityShift, it’s about learning what natural transition for both Ivey and KPMG – it means to be a good leader as you move your a firm that holds the largest share of clients organization in a new direction – which could What does it mean to be a leader of a not-for- in the not-for-profit sector and public sector, mean looking for increased fundraising or serving profit organization? How will you reshape said Bobbi Jean White, a partner at KPMG. a larger population of people,” Kachra said. your organization to move it forward despite increasing constraints on funding and resources? “What we find in this sector are great people The program content focuses on the key and great intentions and their hearts are in attributes of good leadership, as well The answers to these questions and more are it, but they don’t always have the leadership as the latest thinking in strategy, marketing, at the core of Ivey Executive Development’s resources they need on their teams,” she IT and social media – all geared to the new CommunityShift program. said. “The program is designed for the leader not-for-profit sector. Based on Ivey’s successful QuantumShift™ of the organization, and is very specific to “The need for these programs to be successful program, also co-founded by KPMG, that top role in helping them build their is critical,” said Kachra. “When these CommunityShift helps not-for-profit skills in leading others and evaluating their organizations are successful, it makes the organizations – such as universities, hospitals, resources so they can function in a more country a better place.” government groups, other non-profit strategic manner.”

2012 ANNUAL REPORT — 15 PROGRAMS AT A GLANCE HBA MSc 92 44 PERCENT RECEIVED FULL-TIME ACADEMIC DISCIPLINES JOB OFFERS (within three months REPRESENTED of graduation)

31CLASS SIZE PERCENT61 BORN OUTSIDE 600 82.5 OF CANADA CLASS SIZE PERCENT AVERAGE FOR ADMISSION Diversity – Gender

Class Diversity 58% 15 30 34 58 42 Female Countries of Birth Languages Percent Percent citizenship countries male female

Birth Country 18% 42% Asia-Pacific Male

5% Other 4% Europe 72% North 1% America Latin America

Job Offers by Industry

 Consulting (22%) AVERAGE NUMBER OF DAYS A STUDENT  Finance – Corporate Banking (21%) 48  Accounting (17%) SPENDS OUTSIDE THE COUNTRY  Other (5%)  IT / Telecommunications (5%)  Marketing / Advertising / PR (4%)  Finance – Other (4%)  Consumer Packaged Goods (4%)  Arts / Media / Entertainment (4%)  Wholesale / Retail (3%)  Finance – Asset Management (3%)  Energy / Natural Resources (3%) .  Real Estate (2%) AVERAGE2 LANGUAGES8 LANGUAGES20 SPOKEN  Education (2%) SPOKEN PER PERSON  Manufacturing (1%) 16 — 2012 ANNUAL REPORT MBA PhD 44 PERCENT WITH INTERNATIONAL WORK EXPERIENCE

90PERCENT RECEIVED FULL-TIME JOB OFFERS (within three months of graduation) 5 AVERAGE YEARS OF NUMBER OF CURRENT PhD STUDENTS WORK EXPERIENCE 63

Class Diversity Diversity – International Diversity – Gender

68% 57% 11 26 31 71 29 Domestic Male Countries of Birth Languages Percent Percent citizenship countries male female

Birth Country 11% Middle East 20% India 7% China 32% 43% 5% Female Rest of International Asia-Pacific 4% Scholarships Held by Class of 2012 Europe / Russia

2% 2% Africa 47% USA / Canada 2% Caribbean South America

Job Offers by Industry ONTARIO5 GRADUATE SOCIAL2 SCIENCE AND ONTARIO1 TRILLIUM  Consulting (25%) SCHOLARSHIP (OGS) HUMANITIES DOCTORAL SCHOLARSHIP (OTS)  Finance – Corporate Banking (11%) FELLOWSHIP (SSHRC)  Finance – Corporate Office (11%)  IT / Telecommunications (11%) Work Placement by Location  Consumer Packaged Goods (7%)  Energy / Natural Resources (7%)  Finance – Asset Management (7%)  Legal Services (7%)  Other (6%)  Health Care / Pharmaceuticals (5%)  Finance – Other (3%) INTERNATIONAL3 6CANADA 3U.S.

2012 ANNUAL REPORT — 17 PROGRAMS AT A GLANCE EMBA Canada EMBA Hong Kong 2,556 GRADUATES TO DATE SINCE 1991 447GRADUATES TO DATE 147 27 Diversity – Gender GRADUATES IN 2012 PERCENT WITH PREVIOUS INTERNATIONAL EDUCATION

Participants by Industry 73% 27% Male Female Banking 23% Mining 3% Manufacturing 14% Insurance 3% Computer Technology 6% Non-Profit Organizations 3% Services: Health Services 6% Transportation 3% Participants by Industry Other Industries 5% Holding & Other Technology 17% Hospitality 7% Investment Companies 2% Services 5% Banking / Finance / Construction / Real Estate 7% Utilities 2% Communications / Insurance 13% Public Sector 7% Telecommunications 5% Measuring, Analyzing Industrial Service 13% & Controlling 1% Design 3% Government (Public Sector) 5% Professional Service / Real Estate 1% Fashion / Garment / Apparel 3% Retail Trade 5% Consulting 10% Wholesale Trade 1% Transportation / Logistics 3% Educational 4% Retail Trade 10% Construction 3% Manufacturing / Electronics 7%

Participants by Title Place of Participants by Title Geographic Residence Base 30% 29% 13% 31% Owner / President / Other Other General Manager / Vice-President Director 74 77 Percent from GTA Percent Based in Hong Kong 17 Percent from 23 Outside GTA Percent Outside of Hong Kong 12% 27% Vice-President / General Manager / 28% President 9 30% Director Manager Percent from Manager Outside Ontario

18 — 2012 ANNUAL REPORT Executive Alumni Development

Degree Breakdown

47% 2% MBA Other 505 (Includes MSc) ORGANIZATIONS PARTICIPATING IN 1% PhD EXECUTIVE DEVELOPMENT PROGRAMS 10% 40% EMBA HBA Participants by Title 25% President / 37% Vice-President Manager 7,000+ ALUMNI SUPPORTED THE SCHOOL THROUGH FORMAL VOLUNTEER ROLES, SPEAKING IN THE CLASSROOM, 19% 19% ATTENDING EVENTS, ETC. General Manager / Other Director

Canada 26% Ontario – Other 79 7,127 CUSTOM CUSTOM PROGRAM 98 PROGRAMS PARTICIPANT DAYS COUNTRIES 8% B.C.

Canada 79% 7% Participants International 11% Alberta by Industry 52% 4% United States 10% Ontario Quebec 3% – GTA Other Manufacturing 19% 4,194 59% Service 16% OPEN- International U.S. 49% Asia- Other Financial 15% ENROLLMENT Pacific Natural Resources 8% PARTICIPANT DAYS Not-for-Profit 7% Public 7% Retail 5% Utilities 5% Construction 5% Technology 5% 44 Transportation 4% OPEN- ENROLLMENT 6% 27% Consulting 2% 15% 23% PROGRAMS Florida New York / Other 3% Europe 18% Pharmaceutical 2% India California Tri-State

2012 ANNUAL REPORT — 19 Collaboration STRENGTH Alignment

Strategic Imperative 4 — Align our research to solve a handful of the most critical cross-enterprise business issues

In our highly evolved global market, business issues are becoming increasingly complex and multi-faceted. The organizations that will survive and thrive will be those that embrace multi-level collaboration. To teach this, we must live this. Today at Ivey, Cross-Enterprise Leadership Research Centres such as Building Sustainable Value and Engaging Emerging Markets bring together faculty with diverse backgrounds to address complex business challenges together. We can’t solve all business challenges, but we can combine the collective power of many smart, creative and driven academic leaders to find solutions for the most critical ones.

20 — 2012 ANNUAL REPORT RESEARCH & FACULTY Public policy experience added to Lawrence Centre.

Ivey has continued Paul Boothe and Richard Dicerni bring a wealth He brings more than 30 years’ experience of public policy experience and hands-on in public policy, including serving as Deputy its strong tradition of business knowledge to Ivey. Minister of Industry Canada, Senior Assistant public policy expertise Boothe joined Ivey as Director of the Centre Deputy Minister, Health and Welfare, and with the addition of following the retirement of former Director Deputy Secretary to the Cabinet. Dicerni has Dianne Cunningham in September 2012. As also worked at the provincial level as Deputy two former federal the former Deputy Minister of Environment Minister of Environment and Energy and deputy ministers to the Canada and Senior Associate Deputy Minister of Deputy Minister, Education, Post-Secondary Education and Training. Lawrence National Industry Canada, he has a great understanding of public policy issues. Boothe’s public service His previous business involvement includes Centre for Policy and experience includes serving as the Associate President and CEO of the Canadian Newspaper Management. Deputy Minister of Finance and G7 and G20 Association, CEO of Ontario Power Generation Deputy for Canada with the Department of and partner at Mercer Delta, a management Finance, as well as the Deputy Minister of consulting firm, as well as membership on Finance and Secretary of Treasury Board for several boards. the Government of Saskatchewan. He was “Both Ivey students and faculty will greatly also a C.D. Howe Institute Fellow-in-Residence benefit from their experience,” said Dean and an EnCana Scholar in Public Policy. Carol Stephenson. “We look forward to their Dicerni is a new adjunct professor who contributions and leadership in the School’s will support several Ivey research centres. teaching and research in the public policy field.”

2012 ANNUAL REPORT — 21 RESEARCH & FACULTY Case teachers honoured for lifetime achievements. You could say Jim school world – ecch’s Outstanding Contribution to the Case Method Award – for their lifetime Erskine, MBA ’67, and achievements in this area. Louise Mauffette- Mike Leenders, MBA ’59, Leenders, a former case writer and research have made the case for associate at Ivey, was also recognized with the award. The awards were presented at various Ivey’s renowned Case- ecch case workshop events in June. ecch is a Jim Erskine, MBA ’67 Method of Learning. case publishing and distributing organization with the largest single source of management case studies in the world. They founded Ivey’s popular case-writing and “It’s a testament to the remarkable impact case-teaching workshops more than 40 years they’ve made on people’s lives in sharing how ago and have since introduced thousands of to get the most out of cases,” said Dean Carol people in more than 50 countries to the power Stephenson. “In addition to learning about of cases. They are also the co-authors of three cases, the workshops provide exposure to widely used case-method textbooks that are different social, cultural and business available in four languages. perspectives and the opportunity to establish So it’s no wonder they were honoured with invaluable international relationships.” the equivalent of an “Oscar” for the business Mike Leenders, MBA ’59

Vergne paints pirates in new light. Instead of seeing pirates as the swashbuckling bandits of the silver screen, Assistant Professor Jean-Philippe Vergne points out their essential role in the capitalist system in his new book, The Pirate Organization: Lessons from the Fringes of Capitalism.

The book, co-authored with HEC Paris Whether it’s the fight for free reign of Professor Rodolphe Durand and first published cyberspace or the loosening of genetic in French as L’Organisation Pirate: Essai sur engineering rules or even the pirate-like l’évolution du capitalisme, showcases the ways behaviour of Apple co-founders Steve Wozniak pirates have repeatedly changed capitalism and Steve Jobs in the 1970s, the book aims for the better by resisting state laws and to make people think about how pirates ownership and fighting for the public good. influence markets and corporate strategy. “Every time capitalism expands into new And that it has. In fact, the book has already territories, we need rules, and there are always been written about in international two organizations trying to make these rules: publications such as The Economist and state organizations and pirates,” said Vergne. the Financial Times. “Pirates are concerned with broader issues such as transparency, openness and free access. A lot of innovation in industries comes because of pirates.”

22 — 2012 ANNUAL REPORT RESEARCH & FACULTY Ivey Publishing broadens reach in China. Business students in China now have access to Ivey-quality content in their first Beamish lauded for language thanks to the Asian Management Institute’s new Case Translation and impact on international Publication Project (CTPP). The project draws on the efforts of Western management education. student volunteers to translate cases from English to simplified Chinese, at huge savings for Ivey Publishing. Each case would typically cost $1,000 to translate. Professor Paul Beamish, HBA ’76, PhD ’85, In exchange, the students get valuable isn’t just making a name for himself in the work experience and are part of a social club. More than 250 cases have already Ivey classroom – his impact on international been translated since the effort was management education is being felt around launched in fall 2011. the world. “If we can keep this going and translate the whole case collection, we’ll have an extraordinary asset for management education in China and for Ivey,” said Beamish was honoured in August with the in Canada and demonstrates Beamish’s Ivey Professor Paul Beamish, HBA ’76, International Management Outstanding leadership in his field. PhD ’85, Executive Director of Ivey Educator Award from the renowned Academy Among his many contributions to date, Publishing and Director of Ivey’s Asian of Management. The award recognizes Beamish has published more than 100 peer- Management Institute. Beamish’s contributions to education, the reviewed articles, more than 30 other articles, training of other teachers and the global Thanks to this boost, Ivey Publishing now more than 50 books and 30 book chapters, has 450 cases available in Chinese and is the dissemination of international management and more than 120 cases. He is also Executive largest distributor of Asian management cases. knowledge. He was nominated for the award Director of Ivey Publishing and the founding by seven of his peers from business schools Director of both the Ivey Asian Management around the world. Institute and the Ivey Engaging Emerging The award follows on the heels of the renewal Markets Research Centre. of Beamish’s Canada Research Chair in Beamish is also a Fellow of the Royal Society International Management – which he has of Canada, Academy of International Business held since 2004 – for an additional seven years. and Asia Pacific Foundation of Canada. The Canada Research Chair is one of the most prestigious academic awards for a researcher

2012 ANNUAL REPORT — 23 Engagement EXCELLENCE Investment

Strategic Imperative 5 — Launch an ambitious fundraising campaign to support our future and strengthen our connection with Ivey alumni around the world

If a school’s merit can be judged by the generosity of its graduates, Ivey continues to reach new heights. In 2006, when we proposed an ambitious campaign to raise $200 million to fully realize all components of our Cross-Enterprise Leadership Strategy, it was the generous donations of our alumni, friends and corporate partners that helped make those goals a reality. With their support, Ivey students enjoy the most talented faculty, a progressive learning environment in a world-class facility and access to financial support to ensure they can achieve their dreams. And it’s because of our alumni, friends and corporate partners that we remain one of the top business schools in the world today.

24 — 2012 ANNUAL REPORT INVESTING IN 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, ZenBanx Inc. Pelmorex Media Inc. Callisto Capital LP

From one generation overwhelming. We are in the home stretch of when businesses grow, when breakthroughs the Campaign, having raised $187.9 million as are made in health care management, and to another. of December 31, 2012. While there is still work when new markets are opened around the to be done to reach our goal by June 2013, world, your support will be the catalyst that we are more than confident in our ability to makes it happen. Attend an MBA or HBA class as they discuss successfully complete the most ambitious their latest case assignment. Stand with We want to thank Dean Carol Stephenson for campaign in Canadian business school history. hundreds of Ivey alumni as they gather for her vision and unwavering support during her That confidence comes from the undisputed Homecoming. Or walk the streets of India decade of leadership here at Ivey. Carol, your power of, and our unshakeable confidence with our EMBA students during their Executive leadership has been a key part of the success in, the Ivey alumni network – spanning 98 Client Field Project. of the Campaign. countries and nearly 23,000 members strong. In all of these experiences – and many more We are pleased to recognize the individuals, The success of the Campaign puts Ivey back on too numerous to mention – you are witnessing foundations and corporations in the following the world map for business education, clearly the realization of our Cross-Enterprise pages who have chosen to step up for the next reasserting our best-in-Canada position. Not Leadership Strategy. generation. We know that the success of our only is our building now world-class and fully Campaign relies on the vision and generosity Thanks to the extraordinary generosity of equipped for how we learn today, our faculty of the Ivey network – thank you for your alumni and friends, there is another key and students are a match for any business continued support. element of that strategy on display: school in the world. We are immensely proud the ambitious $200 million Campaign for to be associated with and to contribute to such Sincerely, Leadership. The evidence of your generous a school, and we trust that you are as well. Arkadi Kuhlmann, HBA ’71, MBA ’72 support of this campaign is everywhere: Your support will have a lasting impact for Pierre Morrissette, MBA ’72 $36 million donated to support our faculty decades to come. And almost immediately, Joe Shlesinger, MBA ’86 and research centres, $28 million in support your presence will be felt by students, faculty of the Ivey Annual Fund, $16 million raised and staff when our new building officially to support student awards, and $105 million opens in September 2013. for the School’s stunning new home. When the School fills with HBA, MSc, MBA and The unflagging support shown by our alumni PhD students, you will be there. When months network – including more than 160 forward- and years of research by faculty pay off in thinking donors who have stepped up work that reshapes the business landscape in with gifts of $100,000 or more – is truly Canada and globally, you’ll be part of it. And

2012 ANNUAL REPORT — 25 INVESTING IN TOMORROW The Ivey Family Challenge Fund: Securing the future.

Vision: It is more than “During my business life I was aware that a lot In the aftermath of the economic crisis, Ivey of organizations, particularly not-for-profit was faced with a scholarship shortfall because just seeing the way ahead. organizations, were always in need of funds many endowed awards were unable to sustain Vision encompasses the that were flexible,” said Shaw. “Some of the their value. The Fund ensured our students ability to realize what is most important funds the School gets aren’t continued to receive the level of support they tied to any specific project. One of the main depend on. Funds have also been used to not yet there. To picture points in considering contributing to this fund support the recruitment of more than the possibilities beyond was the generous offer by the Ivey family to 40 new faculty members over the last five match funds. That’s what encouraged me to years – a critical ingredient in the development what others may see. make the donation.” of tomorrow’s leaders. Fund donor Peter Kenny, MBA ’57, echoes those “In many ways, unrestricted donations from Such is the vision of the Richard M. Ivey family. statements. our alumni and friends are among the most valuable gifts we receive,” said Dean Carol In 2007, the Ivey Family established a “It’s a competitive business, so it’s important to Stephenson. “They form a critical resource unique matching gift program that rewards have the flexibility to respond to the changing that allows Ivey to respond immediately to unrestricted endowed gifts to the School. The business environment. It’s good strategy to our most pressing needs and seize emerging program, called the Ivey Family Challenge Fund, have a fund where the Dean can say, ‘We need opportunities as they arise.” matched dollar-for-dollar gifts of $125,000 to put more focus here, or we need to hire a or more and has generated a total of $6 million certain professor, or we need to advertise our The Ivey Family Challenge Fund – and the vision in endowments for Ivey’s highest priorities. programs.’ It’s discretionary, and that’s very of the Ivey family – is helping secure a path to important,” Kenny said. the future for the entire School. Combined with the generosity of 14 other donors, Ivey now has an enduring fund to There have been several examples of the support ongoing enhancements to the Ivey importance of the Fund to the life of the School. Experience, including student and faculty awards, research and capital improvements. “One of the main points in considering contributing Ivey Family Challenge Fund donor Larry Shaw, to this fund was the generous offer by the Ivey family HBA ’62, says the flexibility that the fund to match funds. That’s what encouraged me to make provides is an astute business move. the donation.” — Larry Shaw, HBA ’62 26 — 2012 ANNUAL REPORT INVESTING IN TOMORROW Investing in the Next Generation.

$22 3300

$20 3000

$18 2700 )

ns $16 2400

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

CE $10 1500 RE $8 1200 NUMB SH

CA $6 900

$4 600

$2 300

$- 0 NUMBER OF DONORS 9 8 0 1 2 00 00 01 01 01 –2 –2 –2 –2 –2 08 07 09 2011 20 20 20 2010 CASH RECEIPTS

Designation 2012 Receipts ($) Source 2012 Receipts ($)

Centres of Excellence 3,299,705 Alumni 10,470,083 Highest Priorities 2,566,988 Corporations 2,739,628 Student Support 1,801,330 Friends 1,464,134 Infrastructure 5,683,033 Foundations 369,886 Faculty and Research 1,692,675

TOTAL $15,043,731 TOTAL $15,043,731

Corporations Faculty and Centres of Excellence Research 18% 11% 22% Alumni Friends 70% 10% Highest Priorities Foundations 17% 2%

Student Support Infrastructure 12% 38%

2012 ANNUAL REPORT — 27 FINANCIALS Operating Budget

F2012 F2011 ($000) % ($000) %

Revenue

Enrollment Grant 9,393 10.2 9,566 10.9 Tuition 48,780 52.9 47,018 53.7 Pre-Business 1,609 1.7 1,506 1.7 Course Fees (Non-Degree Programs) 11,851 12.9 9,727 11.1 Publishing 6,550 7.1 6,169 7.1 Conference Centres 8,506 9.2 8,138 9.3 Donations (Total) 15,044 16.3 17,760 20.3 Less-Endowed & Restricted Donations (12,926) -14.0 (15,901) -18.2 Endowment Interest 924 1.0 884 1.0 Recoveries & Miscellaneous 2,491 2.7 2,615 3.0 TOTAL Revenue $92,222 100.0% $87,482 100.0%

Direct Variable Expenses

Program Accommodation & Meals 7,513 8.1 7,643 8.7 Student & Teaching Materials 4,429 4.8 4,212 4.8 Scholarships 3,190 3.5 3,226 3.7 Receptions 1,015 1.1 976 1.1 Other 268 0.3 369 0.4 TOTAL Direct Variable Expenses $16,415 17.8% $16,426 18.8%

Contribution $75,807 82.2% $71,056 81.2%

Direct fixed expenses – schedule 35,840 38.9 34,990 40.0 Administration expenses – schedule 28,373 30.8 27,019 30.9 UWO Services 7,229 7.8 6,571 7.5 New Building Furniture & Technology 3,650 3.9 0.0 0.0 Surplus $715 0.8% $2,476 2.8%

28 — 2012 ANNUAL REPORT Schedule of Expenses

F2012 F2011 ($000) % ($000) %

Direct Fixed Expenses

Faculty Salaries & Benefits 29,506 32.0 27,918 31.9 Marketing & Recruiting 4,126 4.5 4,216 4.8 Property, Operations & Maintenance 606 0.6 655 0.7 Research 962 1.0 1,302 1.5 Computer Equipment & Software 568 0.6 779 0.9 Other Direct Fixed Expenses 72 0.2 120 0.2 TOTAL Direct Fixed Expenses $35,840 38.9% $34,990 40.0%

Administration Expenses

Staff Salaries & Benefits 16,775 18.2 15,243 17.4 Travel 1,483 1.6 1,318 1.5 Amortization 1,015 1.1 984 1.1 Bank Charges & Interest 374 0.4 433 0.5 Rentals & Leases 143 0.2 102 0.1 General Administration 2,187 2.4 2,139 2.4 Mailing 282 0.3 343 0.4 Printing 319 0.3 352 0.4 Telephone 505 0.5 372 0.4 Building Rent 2,397 2.6 2,381 2.7 Building Alterations & Maintenance 285 0.3 842 1.0 Management Fees 391 0.4 422 0.5 Training & Development 129 0.1 284 0.3 Consulting & Professional Fees 1,628 1.8 1,604 1.8 Other 460 0.5 200 0.2 TOTAL Administration Expenses $28,373 30.8% $27,019 30.9%

2012 ANNUAL REPORT — 29 INVESTING IN 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 2012 members of our many boards and appreciate their passion and commitment, which help propel the School forward.

Ivey Advisory Board Jon Hantho, MBA ’89, Christine Magee, HBA ’82, Don Triggs, MBA ’68, Dr Paul Beamish, HBA ’76, European Advisory President & CEO, Maxxam President, Sleep Country President, Arise Ventures PhD ’85, Executive Director, CHAIR Analytics Canada Ltd Asian Management Board Arkadi Kuhlmann, HBA ’71, Institute, Ivey Business Laura Hantho, MBA ’89, Michael McCain, HBA ’79, Prem Watsa, MBA ’74, CHAIR MBA ’72, Chairman & CEO, School MBA ’83 ZenBanx Inc. Advisor, Corporate President & CEO, Maple Chairman & CEO, Fairfax Barbara Kovacs, Consultant Leaf Foods Incorporated Financial Holdings Dr John Cheh, Vice Chairman Willie Clark, MBA ’73 HBA ’86, Limited Esquel Group Paul Atkinson, MBA ’05, MBA ’83, and CEO, Managing Director, Mark Healy,* Steve McDonald, Brendan Clouston, MBA ’79 Southwest Sun Inc Managing Partner, Torque Group Head – Global Corp Mark Whitmore, MBA ’91, Adrian Cheng, Executive Consulting Group Inc & Investment Banking Managing Partner – Toronto, Director, New World Jeffrey Couch, HBA ’92, HBA ’81, Scotia Capital Deloitte & Touche LLP Development Co Ltd Head – Investment & Nora Aufreiter, HBA ’89, Co-CEO, Director Toronto Office, Michael Hill, Incorporated Corporate Banking, BMO McKinsey & Company Managing Director & Global Michael Wilson, HBA ’90, Robert Cook, Senior Capital Markets Co-Head, Natural Resources Don McDougall, MBA ’61, Managing Director, Executive VP & General Brett Barakett, HBA ’88, & Power Group, Nomura President & CEO, T A Associates Manager Asia, Manulife David Graham Securities Rambri Management Financial Corporation Chairman & CEO, MBA ’80 Michel Gréco, MBA ’68, Tremblant Capital LLC Incorporated Andrew Wiswell, Paul Hill, MBA ’69, Simon Cua, EMBA ’05, Consultant, C/O Pateurop HBA ’81, Scott Beattie, President & CEO, Harvard Sarah Morgenstern, Managing Director, Light Vijay Jain, MBA ’71, MBA ’86, EMERITUS MEMBERS President, Developments Inc MBA ’93, Publisher & Engine Limited Managing Director, TDT Elizabeth SavvyMom John Armstrong Chairman & CEO, EMBA ’97, Co-Founder, EMBA International Arden Inc Tim Hockey, Media Ralph Barford, President, Janet De Silva, President & CEO, TD ’94, Dean, Ivey Asia, Ivey Philip Meyers, MBA ’89, MBA ’89, Valleydene Corp Limited Laurie Campbell, Canada Trust Company Pierre Morrissette, MBA ’72, Business School Director – Business HBA ’59, Managing Director, Merrill MBA ’88, Chairman, President & CEO, Tom Brent, Development, Europe, Lynch Debt Capital Markets, Tim Hodgson, Pelmorex Media Inc Chairman, Medihold John Irwin, CFO/CIO/ Managing Partner, Director of Facilities, Associated British Bank of America Merrill Limited Foods plc Lynch Alignvest Management Michael Needham, MBA ’68, Vice-President of the Ivey Corporation Chairman & CEO, SimEx! Bob Brouillard, MBA ’66 Group of Companies, Ivey Nicholas Paine, HBA ’83, Dr Amit Chakma, Iwerks Business School Jim Hunter, MBA ’76, Paul G Desmarais, Chairman General Partner Property President & Vice-Chancellor, Development and Western University Chairman & CEO, NexGen Kevin O’Brien, HBA ’93, of the Executive Committee, John Kao, HBA ’76, Director, Financial Chief Commercial Officer, Power Financial Worldvest Holdings Ltd Investments, Henley Ron Charles, MBA ’71, Aeroplan Corporation Investments Ian Ihnatowycz, MBA ’82, Leonie Ki, Executive Director, Managing Partner, Michael Phair, MBA ’74 The Caldwell Partners President & CEO, First Kevin O’Leary, MBA ’80, Geno Francolini, HBA ’54, New World China International Inc Generation Capital Inc Chairman, O’Leary Funds President & CEO, Xenon Enterprises Projects Tom Zeeb, HBA ’86, CEO, Capital Corp Limited SIX Securities Group AG HBA ’71, James D Irving, President, Jeff Orr, HBA ’81, President Dr Henry Cheng, J D Irving Limited Power Financial HBA ’51, EMBA ’00, MBA ’72, New & CEO, Kenneth Harrigan, Daniel Lam, Chairman, Corporation K W Harrigan World Development Co HBA ’72, President, Managing Partner, Richard W Ivey, Consultants Hampton Securities Ltd Ivest HBA ’69, Campaign Cabinet Chairman & CEO, Gilles Ouellette, (Asia) Ltd MBA ’85, Corporation MBA ’70, President & CEO, Richard M Ivey, HBA ’47, HONORARY CHAIRS Andy Chisholm, Ivest Corporation Senior Strategy Officer, MBA ’63, Private Client Group, Chairman, Patrick Lam, Executive Purdy Crawford, Counsel, Don Johnson, BMO Nesbitt Burns; NWS Holdings Ltd Osler Hoskin & Goldman Sachs & Co Member – Advisory Board, Gilles Lamoureux, MBA ’66, Director, Deputy Chairman, BMO Harcourt LLP HBA ’75, BMO Capital Markets Former Senior Advisor, Eddie Law, HBA ’91, Sylvia Chrominska, Financial Group Ernst & Young Orenda Zheng He MBA ’73, Chairman, Peter Godsoe, Retired Group Head, Global Human Michael Kanovsky, HBA ’81, Corporate Finance Inc Financial Holdings Resources & Communications, Sky Energy Bryan Pearce, Chairman & CEO, President, Limited Scotiabank Scotiabank Corporation Leader Venture Capital Bob Luba, MBA ’67, Advisory Group, Ernst & Luba Financial HBA ’81, MBA ’79, President, Simon Leung, CEO, Richard M Ivey Family Lisa Colnett, David Kassie, Young Incorporated Harrow International Senior Vice-President Group Chairman, Pierre Pomerleau, MBA ’89, Management Services Human Resources & Canaccord Genuity Chris Matthews, MBA ’72, CO-CHAIRS President & CEO, Hay Group MBA ’91, Corporate Services, HBA ’81, Pomerleau Inc Chairman, Gordon Perchthold, Arkadi Kuhlmann, HBA ’71, Kinross Gold Corporation Edward Kennedy, Managing MBA ’72, The North Grant Reuber Senior Advisor, Chairman & CEO, President & CEO, MBA ’64 Across Asia ZenBanx Inc. Dean Conner, HBA ’78, West Company Bruce Reid, Dick Sharpe, HBA ’50 President & CEO, LLB/MBA ’82, MBA ’82, MBA ’72, Louis Lagassé, MBA ’73, Larry Rosen, Dipak Rastogi, Pierre Morrissette, Sun Life Financial Chairman & CEO, Harry Bill Shurniak, Chairman & CEO, Citi Venture Capital Chairman, President & CEO, Chairman & CEO, Groupe Shurniak Art HBA ’84, Lagassé Rosen Inc President, International, Pelmorex Media Inc George Cope, Gallery Citigroup Inc President & CEO, BCE Inc & MBA ’80, MBA ’86, Tom Lindsay, MBA ’81, Paul Sabourin, Joe Shlesinger, Bell Canada Chairman & Chief Allan Taylor, RBC Kishore Sakhrani, MBA ’83, Managing Director, Callisto President & Chief Operating Financial Group MBA ’80, Belkorp Investment Officer,Polar Director, ICS Trust (Asia) Capital LP David Cornhill, Officer, Securities Inc Limited Chairman & CEO, Industries Inc Dr David Weldon, HBA ’47 AltaGas Ltd MBA ’87, Chairman, Stephen Lister, MBA ’85, Heather Shaw, William Wilder, President, Rick Siemens, VICE-CHAIRS HBA ’87, Imperial Executive Chair, Corus W P Wilder E-Kong Group Ltd Don Archibald, MBA ’85, Darin Deschamps, Managing Partner, Entertainment Inc Managing Director, Capital Group Chairman, Cequence Carol Stephenson, O.C., Energy Ltd Corporate & Investment MBA ’86, Dean, Ivey Business School Jon Love, HBA ’76, Joe Shlesinger, Banking, National Bank Managing Director, Callisto Asian Advisory Don Bailey, HBA ’84, Financial Managing Partner, Henry Wang,* Director KingSett Capital Inc Capital LP Center for China Chairman & CEO, Triton Board General, Investment Company Kirsten Feldman, MBA ’84 Doug Speers, MBA ’70 & Globalization Terry Lyons, MBA ’74, CHAIR Laurie Campbell, MBA ’89, Barbara Fraser, HBA ’71 Chairman, Eacom Timber Carol Stephenson, O.C., Dr Henry Cheng, HBA ’71, Allan Zeman, Chairman, Lan Corporation Ivey Business School Kwai Fong Holdings Ltd Managing Director, Merrill Serge Gouin, HBA ’65, Dean, MBA ’72, Chairman, New World Development Lynch Debt Capital Markets, MBA ’66, Chairman of the Hugh MacDiarmid, HBA ’74, Chris Tambakis, HBA ’86, Bank of America Merrill Board, Quebecor Media Inc President, VIS|EX CEO North America, Co Ltd Lynch Corporation Adgar Investments & Douglas Guzman, HBA ’88, Dr Derek Anthony, HBA ’75, Development Inc Hong Sylvia Chrominska, Head of Global Investment Tim MacDonald, HBA ’81, Managing Director, Kong Drama & Music Group Head, Global Human Banking, RBC Capital MBA ’88, Limited Partner, Marty Thrasher, HBA ’73, Resources & Communications, Markets Transaction Advisory President, FMT Consulting Institute; Chairman, Scotiabank Services, Ernst & Young Norwegian Chamber of Commerce

30 — 2012 ANNUAL REPORT George Cope, HBA ’84, Mark Brown,* MBA ’95, Peter Lowas, MBA ’10, Dan Vickery,* MBA ’02, Alexa Nick, MBA ’95, International Centre President & CEO, BCE Inc Owner, adHOME Associate Corporate Credit – President, Bioensemble Ltd Managing Director, & Bell Canada BottomLine Group, for Health Innovation MBA ’93, Investment Banking, HBA ’06, Michel Bruyere, TD Securities Inc Anton Vidgen, myPractice Darin Deschamps, HBA ’87, CEO, Neotelis Principal, Vidgen Advisory Council Consulting Inc Managing Director, HBA ’95, Raveena Maheshwari, Kelsey Ramsden, MBA ’04, CHAIR Alastair Caddick, Tallus Corporate & Investment MBA ’07, Senior Manager, HBA ’07, President, Neil Fraser, MBA ’83, National Bank Vice-President Strategic Matt Vines, Development / Belvedere Banking, Programs, CHC Helicopter Strategic Initiatives/CRM, Associate – Oilfield Services President, Medtronic of Financial Information Management, Place Development / Bugg; Canada Ltd, Regional HBA ’05, RBC Financial Group Global Energy Research, SparkPlay Inc HBA ’89, Julie Cassidy, RBC Capital Markets Founder, Vice President – Canada, Michael Hill, Manager – Strategic Managing Director & Global MBA ’94, CEO LLB/MBA ’82, Medtronic Inc Initiatives Branch Banking, Anthony Mar, Dustin Wen, MBA ’04, Larry Rosen, Co-Head, Natural Resources TD Bank Group & President, Cliniconex Inc Capital Chairman & CEO, Harry Bonnie Adamson, President Nomura Managing Partner, Rosen Inc & Power Group, MBA ’09, First Partners & CEO, London Health Securities Andy Chan, MBA ’08, Hugh McMullan, Wealth Advisor & Associate MBA ’73, Sciences Centre Group Financial Controller, Gary West, HBA ’68 John Rothschild, Jim Hunter, MBA ’76, Natural Beauty Portfolio Manager, BMO Chairman & CEO, Prime Bill Charnetski, HBA ’74, Chairman & CEO, NexGen Nesbitt Burns Jim White, Restaurants Inc Vice-President Global MBA ’05, MBA ’75, Financial Jasper Chan,* Senior Partner, Government Affairs & Public Alex McMurray,* HBA ’07, How Lawrence White Paul Sabourin, MBA ’80, HBA ’72, Senior Manager, Security MBA ’12, Policy, AstraZeneca Inc Richard W Ivey, Technology, Cisco Systems Associate, Bowes Chairman & Chief Chairman & CEO, Ivest McKinsey & Company Investment Officer,Polar Dr Henry Friesen, Founding HBA ’09, MBA ’91, Corporation Amy Childs, Senior Mark Whitmore, Securities Inc Chair, Genome Canada Compensation Consultant, Jennifer McNaughton, Managing Partner – Toronto, Don Johnson, MBA ’63, HBA ’86, MBA ’91, Senior Deloitte & Touche LLP Stephen Suske, MBA ’77, Victor Garcia, Hewlett- Executive Compensation DMTI Suske Member – Advisory Board, Group, RBC Financial Manager – Alliances, President & CEO, Packard Labs BMO Capital Markets Spatial Janet Winkler, HBA ’82, Capital Management Group In-Sync Frank Gleeson, President & MBA ’73, President, Michael Kanovsky, Joan Dal Bianco, MBA ’07, Robb McNaughton, Stewart Thornhill, CEO, Destin Therapeutics President, Sky Energy LLB/MBA ’00, Partner, Chet Choon Woon,* MBA ’94, Executive Director, Pierre Inc Corporation Vice-President Global Gowling Lafleur Business Development, Anti-Money Laundering, L. Morrissette Institute for Henderson LLP GroomTalent.com Entrepreneurship, Ivey Dr Raphael Hofstein, Daniel Lam, EMBA ’00, TD Bank Group President & CEO, MaRS HBA ’10, Business School Managing Partner, HBA ’04, Mike Myre, MBA ’09, Dale Zhang, Innovation Hampton Securities Ebrahim El Kalza,* Myre Insurance Associate M&A, The Gores MBA ’00, Senior Strategic Planner Owner, Michael White, (Asia) Ltd Company Group President, IBK Capital Corp Paul Kirkconnell, MBA ’83, Strategic Planning Group, Executive Vice-President, Claude Lamoureux, Former Zulu Alpha Kilo Sean Naylen,* MBA ’04, Venture Capital, Business President & CEO, Ontario Managing Director Development Bank of Teachers’ Pension Plan Christopher Emery, Entrepreneurship MBA ’04, Investment Banking, Lawrence Centre Canada Director Business Goldman Sachs & Co. Gilles Lamoureux, MBA ’66, Development, Cisco Systems Council Advisory Council Paul LePage, President, Former Senior Advisor, HBA ’05, Nikki Papadopoulos,* CHAIR CHAIR TELUS Health & Payment Ernst & Young Orenda Ian Goshko, HBA ’08, Management Consultant Analyst, Mergers David Wright, HBA ’83, Thomas d’Aquino, Solutions Corporate Finance Inc & Acquistions, Evercore Talent/Organization & President, Agora Chairman & CEO, MBA ’89, Partners Consulting Partners Inc Intercounsel Limited Dr Brent Norton, Stephen Lister, MBA ’85, Change Management, President & CEO, PreMD Inc Managing Partner, Accenture Inc Gordon Perchthold,* HBA ’87, Ian Aitken, Jalynn Bennett, President, Sue Paish, CEO, LifeLabs Imperial Capital Group MBA ’91, Senior Advisor, CEO, Pembroke Jalynn H. Bennett Dr Nicole R Haggerty, Managing Across Asia Jon Love, HBA ’76, HBA ’89, PhD ’04, Associate Management Ltd Associates, Ltd Dale Patterson, Ivey Business MBA ’02, Vice-President – External Managing Partner, Professor, Michael Quinn, Bruce Barker, Partner, Paul Boothe, Director, KingSett Capital Inc School Relations, Genome Canada Senior Vice-President, Bennett Jones LLP Lawrence National Centre Energy & Resources, Royal Tim MacDonald, HBA ’81, Mark Healy*, MBA ’05, HBA ’83, for Policy and Management, Domenic Pilla, President Bank of Scotland Andrew Barnicke, Ivey Business School & CEO, Shoppers Drug MBA ’88, Limited Partner, Managing Partner, Torque President, Abbey Road Consulting Group Inc HBA ’92, Mart Inc Transaction Advisory Amanda Ram,* Ventures Inc Donald W Campbell, Senior Services, Ernst & Young CFO, In-Sync Davis LLP Lisa Purdy, Partner, National Billy Hennessey, HBA ’06, Michael Boyd, MBA ’76, Strategy Advisor, Oxford Beach HBA ’08, Health Industry Leader, Donald McDougall, President, Lauren Roberts,* Corporate Director and Edmund Clark, President & MBA ’61, and RoyalPak Boston Deloitte Canada President & CEO, Consultant, Advisor CEO, TD Bank Group Rambri Management Consulting Group of Amanda Hsueh, HBA ’06, Graham Scott, President, Incorporated Canada Limited Connie Clerici, President Dianne Cunningham,* Graham Scott Strategies Marketing Manager Dry & CEO, Closing the Gap Former Director, Lawrence HBA ’79, General HBA ’07, Inc Doug McGregor, Packaged Dinners, Stanley Rodos, Healthcare Group National Centre for Policy MBA ’82, Mills Canada Inc Wood by Stone Chairman & President, & Management, Ivey Catherine Seguin, Co-CEO, RBC Dominion Tile Ron Close, HBA ’81, EMBA ’97, Stephen Hughes,* Business School Vice-President, Securities, RBC Capital Executive Entrepreneur in HBA ’84, MBA ’88, Parag Saigaonkar, MBA ’94, International Affairs, Markets Residence, Ivey Business Jim Dinning, Chairman of Hospital for Sick Children Senior Vice-President, Regional Managing Director, School Board of Directors, Western Adam Waterous, HBA ’84, Silicon Valley Bank, Deloitte Consulting India Pvt EMBA ’98, Financial Group Shirlee Sharkey, President Vice-Chairman – Global SVB Financial Group Ltd, Deloitte & Touche LLP Bob Dhillon, & CEO, Saint Elizabeth Head of Investment President & CEO, Investor Anthony Ferrari, MBA ’98, Health Care Alain Huneault,* MBA ’01, Krista Schiestel, MBA ’07, Banking, Head of Scotia Relations, Mainstreet Senior Advisor, Forum Scotia Capital Director Business Business Development, Equity Corp Equity Partners Carol Stephenson, O.C., Waterous, Uman Capital IQ – A Standard Incorporated Development, Dean, Ivey Business School Pharma Inc & Poor’s Business Stephen Gunn, MBA ’81, Blake Goldring, Chairman Chairman & CEO, Sleep & CEO, AGF Management Dr Calvin Stiller, President, David Jiang,* MBA ’04, Grant Sernick,* MBA ’05, Country Canada Limited Stilco Corporation Ivey Alumni Director & General Manager, Manager Corporate Yuyang Hotel Program Management James Hall,* HBA ’71, CEO, Carolyn Lawrence, President Dr Michael Strong, Dean, Canadian Tire James Hall Advisors Inc & CEO, Women of Schulich School of Medicine Association Board MBA ’99, Office, Darren Johnston, Corporation Limited Influence Inc. & Dentistry, Western of Directors Vice-President, Rye Investment Pamela Jeffery, HBA ’84, University Tremont MBA ’08, MBA ’88, President, Jeffrey Simpson, Columnist, CHAIR Management, Michael Shen,* Group Holdings, Inc Jeffery Group Ltd The Nation, The Globe & Paul Walker, President & Anthony Ostler, MBA ’97, Corporate ECLP 2013, GE Energy Mail CEO, Spectral Diagnostics Senior Vice-President, Peter Kalen, HBA ’95, Melinda Lehman, MBA ’94, Investor Relations, Manulife MBA ’01, Executive Vice- Ambrose Sung, HBA ’95 Managing Director, Carol Stephenson, O.C., Dale Weil, Senior Vice- Financial Corporation President, Financial – Home Happen Inc Dean, Ivey Business School President, Integrated Sunil Talwar, MBA ’12, Healthcare Solutions & David Barron, HBA ’94, Services & Transformation, Mark Longo, MBA ’01, Vic Young, MBA ’68 Sears Canada Inc Communications Technical Pharmaceutical Solutions, Owner/Operator Ottawa Operations Manager, Partner, LaBarge McKesson Canada Weinstein LLP West, CertaPro Painters Sabrina Kumar, HBA ’06, Chinese International Torys School Colin Bogar, HBA ’05, Associate, Pierre Morrissette, MBA ’72, MBA ’08, Managing Edwin Lee, MBA ’04, Vice- Kamana Tripathi, MBA ’07, Chairman, President & CEO, Pelmorex Media Inc Director, MGI Pacific President – Strategy, Klick Manager – Managed Health Jeffrey Brown, HBA ’00, Investment Solutions TD Eric Morse, Associate Dean, Wealth Management – Ivey Business Chief Strategy & Spencer Low,* MBA ’03, Programs, Procurement Officer, Director Strategy, Holt Products/Service & Strategy, School Porter Airlines Inc Renfrew & Co Limited TD Bank Group (*Indicates members who stepped down during 2012.)

2012 ANNUAL REPORT — 31 INVESTING IN 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, 2012.

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

32 — 2012 ANNUAL REPORT Yvonne & Ross Archibald, Edward J Gudaitis, MBA ’93 Michael C Shannon, MBA ’83 David P Dal Bello, HBA ’90 Anne McMaster & Frederic Brian & Heather Semkowski HBA ’58 Doug Guzman, MBA ’88 Peter Sharpe Kelley Dalton, HBA ’90 Lesage, MBA ’01 Family Foundation BC Hydro & Sheila Brown Mrs Lorraine Shuttleworth & Kevin Dalton, HBA ’90 Thomas & Rosemary Logan Richard Sharpe, HBA ’50 Jean L & Walter R Badun, R Keith Harfield, HBA ’70 Lino (Lee) Sienna, HBA ’74 La Fondation De Gaspe LoyaltyOne Ken Shaver, HBA ’81 DBA ’55, MBA ’57 Beaubien Michael B Hill, HBA ’89 Peter Simon, HBA ’86 Maxine MacLure, MBA ’80 Heather Shaw, MBA ’87 Deb Barrett, HBA ’80 Ian de Verteuil, MBA ’86 David Holmes, HBA ’73 Stockgroup Christine A Magee, HBA ’82 Donald R Sheldon, MBA ’69 & Jim Leech Paul Derksen, HBA ’75 The Hopper Family The Late Elizabeth Stanley Charles & Rita Field-Marsham Bruce M Shirreff, Barrick Gold Corporation Horst E Hueniken, MBA ’87 Sullivan Navjeet Dhillon, EMBA ’98 Foundation HBA ’74, MBA ’77 Bell Canada Hydro One Networks Karen J Taylor, MBA ’92 Randolph Dietrich, HBA ’79 David L Mayhew, HBA ’74 Curt Sigfstead, MBA ’97 Michael Bernstein, MBA ’96 & Lara Witter, MBA ’98 Imperial Oil Limited Olga & Sergei Tchetvertnykh, David S C Dobell, MBA ’89 Scott McCain & Nan DasGupta, MBA ’96 John B Simcoe, HBA ’92 John G Inch, HBA ’91 MBA ’94 Thomas Ebbern, MBA ’89 Rosemarie McClean Robert G Bertram Alastair W Sloan, HBA ’86 Ivey Alumni Association Gareth Turner, MBA ’91 Izzeldin A Elkhazin, MJ (Marty) McConnell, HBA ’82 Zena & John Besterd, HBA ’78 Calgary Chapter Valford Holdings Limited HBA ’71, MBA ’72 McCormick Canada Inc Dr Ian A Sloan The Better Hong Kong J D Irving Limited Luc Vanneste, EMBA ’99 Rhys T Eyton, HBA ’58 Raymond McFeetors The Late H Marie Smibert, Foundation HBA ’40 Doug Irwin, MBA ’81 Anthony von Mandl Federation of Chinese Tim McGuire, HBA ’83 Bombardier Inc Canadian Professionals Janet & Keith Smith, MBA ’75 & Margot Jones, MBA ’82 Michael E Wexler, HBA ’93 Stephanie & Ian McLagan, Thomas Bradley, MBA ’83 (Ontario) Education Franklin G Jacobs, MBA ’76 MBA ’92 Spin Master Ltd & Lori Lothian Mark Whitmore, MBA ’91 Foundation C B Johnston Family Steven N S McMurray, HBA ’80 Andy & Helen Spriet John Bragg Donald Woodley, MBA ’70 Mary Federau, MBA ’87 Edward Kernaghan, HBA ’65 L Jacques Menard, O.C., Richard Stephenson, MBA ’93 James Brodeur, MBA ’62 Ray G Young, HBA ’84 & David Hass, MBA ’87 Lan Kwai Fong Holdings Ltd MBA ’70 Brian Stock, HBA ’81 Judy & Murray Bryant Miguel Fernandez, MBA ’62 Maggie & John Mitchell, The Late Lorne Stone, MBA ’68 Jane & Michael Lay, HBA ’83 Fleck Manufacturing Inc J Judd Buchanan, MBA ’55 $25,000 to $49,999 MBA ’78 Steve Lear, HBA ’80 Stephen A Suske, MBA ’77 Brent C Buckner, MBA ’95 Steven Yaron Garmaise, Anonymous David Montanera, Mark Lewis, HBA ’91 MBA ’83 Lawrence Tanenbaum Business Families Foundation HBA ’84, MBA ’88 Anonymous Bruce Ling, MBA ’79 Endla & John Gilmour Ronald E Taylor, MBA ’71 Cameron Calder, HBA ’53 Philip F D Moorcroft, MBA ’97 Anonymous Foundation Robert W Luba, MBA ’67 TDL Group Corp Camco Inc Morgan Stanley Canada Ltd Anonymous Glenn Jones, HBA ’68 Anne & Jay MacAulay, MBA ’71 Teck Resources Limited Colleen Campbell, HBA ’80 Hugh Morris, HBA ’53 Anonymous Alex E Graham, MBA ’89 Hugh MacDiarmid, HBA ’74 Tembec Inc & Stuart MacGregor, MBA ’79 Jane & Roger Mortimer, Anonymous William & Lynne Gray Paul A Thomas, HBA ’85 Yolanda & David Campbell, Claudette C MacDonald MBA ’86 Foundation & Donald J MacDonald Anonymous Melinda & John Thompson HBA ’93 Guff Muench, MBA ’81 Douglas Greaves, HBA ’72 Natalie MacLean, MBA ’92 Anonymous TorQuest Partners Paul F Campbell, MBA ’90 Sean C V Mullin, HBA ’84 Sheldon Greenspan, HBA ’90 & Andrew Waitman, MBA ’92 Alumni Computer Group Ltd Joseph Tse, MBA ’87 Castlepoint Investments Inc Wendy Murdock, MBA ’82 Keith R Halpenny, HBA ’55 Macquarie Capital Markets William D Anderson, HBA ’72 Mme & M Jean Turmel Shody Chow, MBA ’69 Paul Murray, HBA ’54 Canada Ltd Jean & Ken Harrigan, HBA ’51 G F Kym Anthony, MBA ’80 Wesley R Twiss, MBA ’72 Kathleen & Ron Close, HBA ’81 Julie & Dr H B Brent Norton, Peter T Main, HBA ’64 Daniel Hebert, MBA ’81 The Berdie & Irvin Cohen David S Anyon, EMBA ’97 MBA ’89 Mary & Barry Ullett, HBA ’75 Maple Leaf Capital LLP Jan Herman, MBA ’84 Fund for Doctoral Business Hugh D Babowal, MBA ’97 Andrea & Kevin O’Brien, Unilever Canada Scholarship Jack H Matthews, MBA ’83 & Mark Herman, MBA ’84 Bruce Barker HBA ’93 Vale Craig P Mayor, HBA ’73, MBA ’76 Hicks Morley Hamilton Dan Coholan, MBA ’87 Gary Barnes, HBA ’67 Oliver Wyman Stewart Storie LLP Teresa & John Vander Hoeven, Robert G McFarlane, MBA ’85 Mark Cowie, HBA ’80 Andrew Barnicke, HBA ’83 Robert Olsen, MBA ’88 HBA ’74 Gerald Hipple, HBA ’59 Doug McGregor, Robert D Crockford, HBA ’70 Dr Paul W Beamish, Allan Olson, MBA ’65 Hank Vander Laan HBA ’79, MBA ’82 Asiff Hirji, MBA ’92 Patrick Crowley, HBA ’74 HBA ’76, PhD ’85 Anthony Ostler, MBA ’97 Ben Varadi, HBA ’94 Paul J D Miller, MBA ’84 Holcim (Canada) Inc DaimlerChrysler Canada Inc Jalynn H Bennett Nicholas Paine, HBA ’83 Annette & Michael White, Home Depot Inc Monitor Company MBA ’00 Don Darroch, HBA ’73 Robert H Beriault, MBA ’78 Carol & Filip Papich, MBA ’87 Tony Horak, MBA ’75 Marti Morfitt, HBA ’79 Scott Wilson, HBA ’81 Tim Dattels, HBA ’80 James A Bertrand, MBA ’83 Madeleine Paquin, HBA ’84 & Patrick Weber Robert Hubling, HBA ’53 & Jacqueline Wilson, & Kristine Johnson Austin C Beutel Lenny Moy, MBA ’84 J Bruce Pearson, MBA ’58 HBA ’81 Gillian H Denham, HBA ’83 Investors Group Inc Andre M Boysen, EMBA ’99 Michael Phelps & Stephen O Marshall Paul E Moynihan, MBA ’92 Terry A Jackson, MBA ’73 Women in Capital Markets Dr Francesco Braga Mr Ron A Plashkes, HBA ’80 Steve Dent, MBA ’89 The Wesley & Mary Nicol Darlene & Perry Jeffery, David Wright, HBA ’83 Charles W Brown, MBA ’83 & Janet Maclaren, MBA ’89 Charitable Foundation HBA ’79 Michael W Pun, HBA ’89 Jessie & Larry Wynant, MBA ’72 Perry Caicco, MBA ’83 Cynthia J Devine, HBA ’87 Nortel Networks (Asia) Ltd Pamela Jeffery, William Quinn, Ming-Kong Yu, MBA ’71 Capital C HBA ’84, MBA ’88 HBA ’85, MBA ’89 Alexandra & Camillo di Prata, Alexandra & Robert Nourse, Thomas R B Zeeb, HBA ’86 MBA ’87 MBA ’64 Barbara & John Carroll, Brian R Jones, MBA ’74 Anton R Rabie, HBA ’94 HBA ’56 Dino DiCienzo, HBA ’87 NUCRO-TECHNICS & Karen L Weaver-Jones Robert S Rawlings, HBA ’51 Ron Charles, MBA ’71 Jeff Dossett, HBA ’83 Onex Corporation Peter J Karrys, MBA ’90 Tasha & David Rawlings, & Sue Dossett, MBA ’84 Gordon Perchthold, MBA ’91 W John Charman, MBA ’70 Wendy MacKinnon-Keith, HBA ’96 MBA ’89 Kirsten Feldman, MBA ’84 Paul K Pew, HBA ’87 Sanjib Choudhuri, MBA ’72 Douglas Reid, HBA ’58 Edward Kennedy, HBA ’81 Jean-Louis Fontaine, MBA ’77 William J Quinn, HBA ’81 Wilson Choy, HBA ’79 Robyn & Gordon Ritchie, & Stella Kennedy, HBA ’81 MBA ’77 Bruce R Gall, MBA ’69 Research In Motion C David Clark, MBA ’66 Richard L Knowles, HBA ’73 Russel Robertson, HBA ’69 Jim Gallagher, MBA ’79 Barbara & Cedric Ritchie Greig Clark, HBA ’74 Marisa Kwok, HBA ’77 Lisanne & Jim Rogers, MBA ’90 General Mills Canada Inc Pierre Rivard, MBA ’83 Dean Connor, HBA ’78 Gordon Lackenbauer, MBA ’68 Bruce Rothney, MBA ’89 Gerald Schwartz & Heather & Catherine Paquet Connor Clark & Lunn Financial & Joyce Trapp & Lisa Rothney, Reisman Foundation RLG International Group A Craig Lahmer, MBA ’74 HBA ’85, MBA ’89 Robert Gibson, MBA ’87 Harry & Evelyn Rosen John D Crabb Douglas M Lambert, RSM Richter LLP Green Shield Canada Peter Samson, HBA ’87 Karen A Crich, HBA ’92 HBA ’69, MBA ’71 John A Rothschild, MBA ’73 Janet C Griffin, MBA ’88 & & Cathy Williamson, HBA ’87 Patrick Cronin, MBA ’93 Claude & Lorraine Lamoureux Harolde Savoy, MBA ’84 Jock W MacDonald, MBA ’88 Scott Sarjeant, MBA ’80 Art Crooks, MBA ’63 Lanxess Inc Michael Schwenger, HBA ’74 Peter Grosskopf, Lawrie Savage, MBA ’73 Dann Cushing, HBA ’00 HBA ’87, MBA ’90 LEADER Project R Luke Seabrook, HBA ’96 Alan Sellery, HBA ’87 Dominic D’Alessandro, O.C. Lee Seng Wee, MBA ’54 Paul Seed

2012 ANNUAL REPORT — 33 INVESTING IN 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 Other Annual Fund FUNDRAISING COMMITTEE: Cam Davreux MBA 1967 MBA 1970 Contributions Bob Beauregard, Martin Richard Farr Herbert Ballantyne Don Badke Farnsworth, Miguel Fernandez, Nandlal Harsora 45TH REUNION SOCIAL CLASS AGENT: ROB RICHARDS Allan Laird, Gus Leach COMMITTEE: George Fenwick Peter Knoepfli TOTAL: $45,365 TOTAL: $130,615 Ron Dooley, Rod Jack, Allan James Kirkland Brian K Laxdal PARTICIPATION: 19% MBA 1950 PARTICIPATION: 57% McKenzie, Gerald Peterson, Robert McElhinney Steve Weir Ivey Society, Founders’ Ivey Society, Benefactor Ivey Society, Founders’ Lawrence Organ Anonymous Circle MBA 1959 Circle Gilles G G Ouellette Moffat R Hill Darcy Rector Marc Delisle Thomas H Bailey Rob Richards Ivey Society, Patron James Ridler Charles Dillingham James Brodeur Douglas Speers Michiel Leenders George Schroeder James A Erskine Ivey Society, Deans’ Circle MBA 1952 Other Annual Fund David Tarr Jerome Gendron Ivey Society, Deans’ Circle Allan Laird Donald Woodley 60TH REUNION SOCIAL Contributions Lawrence Goelman COMMITTEE: Richard Carr G C Berringer Ivey Society, Patron Douglas Grant Ivey Society, Patron Anonymous Michael Mogan Richard Carr Casper Bloom MBA 1964 Nestor Yurchuk James McGinn Claude Bruneau Ivey Society, Benefactor Other Annual Fund Ivey Society, Benefactor Garth Giles Julio Cassiani Contributions Janet & Douglas Davis Donald Mallory Martin Farnsworth MBA 1968 Donald A Anderson Other Annual Fund MBA 1953 John St C Ross Miguel Fernandez Gary Bannister Contributions Patrick Rourke Dorothy & Robert Gibson Ivey Society, Founders’ Stephen R Brown Ivey Society, Benefactor Don Betts Circle Joe Souccar Peter Roode Michael Cooke Donna & Fred Berlet Robert Bryce Michael Needham John Seagram Joseph Courtright James Streeter William D Cochrane Rolf Woelfer Ivey Society, Deans’ Circle David W Dolman Jack Wood Peter Douglas Gordon Lackenbauer & Gerald Fallon MBA 1954 Other Annual Fund J Allan Finlayson Joyce Trapp Contributions Gerald Goldenberg John Houlden Ivey Society, Patron Ivey Society, Patron Anonymous Ernest V W Greenwood MBA 1960 Earl Humphreys Gerald Beasley Lee Seng Wee Anonymous Gilbert R Mackie Ivey Society, Founders’ Circle Pierre Lepine Ivey Society, Benefactor Other Annual Fund Carole & Robert Beauregard Lyall McCurdy W Keith Smith Bill & The Late Doreen Magyar Tony Hines Contributions Pierre Bergeron Christopher Phillips Jeanne & David McCutcheon John Mills Anonymous Other Annual Fund Andrew Billingsley George Ratner Seigfried Schranz George Dorrance Contributions Duncan Campbell Other Annual Fund Peter Rhodes Anonymous Blake Sherman John Corso Contributions Peter Russel John G Chamberland Anonymous George (Sandy) Day Stanley Sanderson Larry Duncan Ronald Beath MBA 1956 Hemendra Desai W James Skelton Arthur Grunder MBA 1965 Terrence Bedard Keith Ham James B Donaghy Raymond Verdon Lynne & Paul McCrea Anonymous Ronald Browne Leslie Ham Thomas Foulkes G Duncan McTaggart Francois Bechard Allan Chartrand Robert McLaughlin Roger Gamache John Mustard Sidney Horovitz Michel David William A Saunders Colin Graham MBA 1971 Vernon Nelson Kevin Larkin Hugh Goodwillie George Suart Chuck Holder Francis David Scott Robert E Keller TOTAL: $60,881 Cyril Ing Douglas Margerm Gregory L Stone Kerin Lloyd PARTICIPATION: 15% Ken Keith Bruce McDonald John Thompson Richard McCoy Ivey Society, Founders’ MBA 1957 Gus Leach Harold Nickerson Theodore Metzing Circle Denny Madden Joan Nolting 55TH REUNION SOCIAL Mark Cullen Dave Preston Peter Seybold COMMITTEE: MBA 1961 Antonius A Madlener Libby & Charles Winograd Donald Smith Thomas Warren Douglas Campbell, Norm Hall, Ronald B McKitrick Anonymous Guy Tourillon Ivey Society, Benefactor Bert Wood Kenneth McLaren Anonymous Ralph Addison Ivey Society, Founders’ Hal Moran Bruce Graham Lawrence Burpee MBA 1969 Circle Rich Pogue Winston Ho Fatt Joanne & Peter Kenny L Karl D Hinds MBA 1966 Paul Turner Ivey Society, Founders’ Carol & John Kittredge Dr & Mrs John A Humphrey Circle Ivey Society, Benefactor Ronald Wiesner Ivey Society, Founders’ Sharon & Thomas Ramsay George W Lange Carol & Paul Hill Frederick Davediuk Circle Edward Shinewald Kevin McAllindon Gale & Bill White Barbara & Andrew Grindlay Robert V Brouillard Ronald E Taylor Barry Holt Donald Whitmore MBA 1963 Ivey Society, Benefactor Ivey Society, Deans’ Circle Other Annual Fund Nicole & Gilles Lamoureux D Glenn Stevens Other Annual Fund Ivey Society, Founders’ Circle Contributions Contributions MBA 1962 Donald K Johnson Ivey Society, Benefactor Other Annual Fund Ian D M Brooker Joseph Gurowka Harry Seymour Contributions Ivey Society, Patron Thomas Cochran Archie Wilkinson 50TH REUNION SOCIAL David Betts Art Crooks Other Annual Fund Frank Fabian COMMITTEE: Jacques Bourgeois Contributions G Michael Hogan Bob Beauregard, George Day, Ivey Society, Benefactor George Fowlie Anonymous Karl Lubbe MBA 1958 Martin Farnsworth, Miguel William Fast Douglas Gameroff Burke Corbet Anne & Jay MacAulay Fernandez, Colin Graham, Sydney McMorran Orest Ludwick Al Harrison, Ken Keith, Dennis Allan Hunter Ian A Mackay Ivey Society, Benefactor Other Annual Fund John Malcolm David J Walker Madden, Peter Reid, Paul Turner David Rumpel C Mason Contributions John Moore Anonymous Terry Trecarten Murray Moss Gerald Woodburn Rick Chase Jim Wyse Steve Plumley 34 — 2012 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

E Murray Sloane MBA 1974 James Milway Other Annual Fund Mark Dickman Ivey Society, Benefactor Enn Tiislar Brian Phillips Contributions Ashley D’Silva Suzanne & Doug Carty Stephenson Wheatley TOTAL: $32,305 Kent Young Mike Ash Ephraim Fernandez Malcolm W Hamilton PARTICIPATION: 12% Michael Burton Hans O Klohn Lyle Kerr & Valerie Millen Ivey Society, Founders’ Karen Dalton Ron Lalonde Janet & Michael Norris MBA 1972 Circle MBA 1976 Victor Dusik Robert Mitchell Karen L Spaulding (Murphy) Anonymous John Mallory Alex Tye 40TH REUNION SOCIAL TOTAL: $28,451 Leslie & Guy Nelson Terry A Lyons Tom Orban Michael Weber COMMITTEE: PARTICIPATION: 11% Kevin M O’Keefe Len Shara Gord Cummer, Richard Frank, Ivey Society, Patron Lana Phair-Sutherland Other Annual Fund Bill Nicholl, Paul Smith, Bill Bob Stuebing Ivey Society, Founders’ Francois Vary Circle Contributions Tucker, Larry Wynant Anonymous Ivey Society, Benefactor Heather & Jim Hunter TOTAL: $72,201 Robert Zittrer MBA 1980 Anonymous Ivey Society, Benefactor PARTICIPATION: 11% MBA 1978 David Allum Other Annual Fund Anonymous TOTAL: $163,865 Jann Ashley Ivey Society, Founders’ Contributions Michael Boyd & Shelagh TOTAL: $12,559 PARTICIPATION: 14% Circle Anonymous Donovan PARTICIPATION: 11% Jonathan Goldbloom Henry Cheng Anonymous Ivey Society, Founders’ Buzz Grant John Coombs Ivey Society, Deans’ Circle Circle Arkadi Kuhlmann John Alton Stephen Kushner Terrance W O’Grady Robert H Beriault Anonymous Pierre L Morrissette Andrew Bland Mike Lam Other Annual Fund Ivey Society, Benefactor David W Cornhill Michel Charbonneau Michael Langstaff Ivey Society, Deans’ Circle Contributions Jeffrey & Elaine Hertz & Family Kevin O’Leary Chris Matthews Luc Fagnan Gregory Marlatt Anonymous Ian Lennox Paul Sabourin Duncan Gibson Glen Murphy Ivey Society, Patron James Gellman Maggie & John Mitchell Scott Sarjeant Richard Frank Thomas S Gifford Gary Ghent Keith Pendersen Other Annual Fund Ivey Society, Benefactor Stewart Gossen Rosemary Polegato Ivey Society, Benefactor Rick Lancaster Contributions Peter M Conrod FCMA Gunnar Mellbye Anne Groulx Anthony Seay Rejean Landry Anonymous Randy Fretz Richard L’Heureux Douglas Short Other Annual Fund Lesley Lemesurier Alboini Deborah Ambrose Aimo Kuronen George MacDonald Peter Spruce Contributions Christine C Lengvari Jacques Breton Maxine MacLure Anonymous Denyse Mackey David Stewart Gerald McLeod Matthew S Hannon Dan Nixon Anonymous Kay & David McNamara David Tanner William McNeil Derek Johnston Craig Shannon Ross Burkett Paul Tardif Kenneth Moody Don Kester Other Annual Fund William D Fletcher Robert von der Porten George Reifel Frederick Metcalfe Contributions Gary Gorman Louis Zanibbi MBA 1982 Paul Stevenson Bob Mison Anonymous Neville Grant Penny Thomas Randolph Ottenbreit Anonymous 30TH REUNION SOCIAL Jacques Lapare Howard Yaphe J C Marcel Porlier Bill Blake COMMITTEE: David Minuk MBA 1975 Hendrik Sire Norman Cheesman Mike Shew Bill Tucker CLASS AGENT: TONY HORAK James Smith Gordon Currie TOTAL: $54,100 TOTAL: $13,740 MBA 1977 Michael R Sprung William Egan PARTICIPATION: 7% MBA 1973 PARTICIPATION: 12% 35TH REUNION SOCIAL Mr & Mrs Tung Richard Henson Ivey Society, Founders’ Ivey Society, Founders’ COMMITTEE: Alex Turnbull Eric Lefebvre Circle Marta Witer & Ian Ihnatowycz TOTAL: $28,147 Circle Steve Aiken, Mike Ash, Lise Jacques Lepage Casgrain, Karen Dalton, Robert Doug McGregor PARTICIPATION: 10% Kathleen & William Troost John McBoyle Esguerra, Ralph Furness, Barb Harry Rosen Inc (Larry Rosen, Ivey Society, Founders’ Ivey Society, Patron MBA 1979 Jack Nolan Haire, Dave Hutchison, Jim LLB/MBA) Tony Horak Circle Knowles, Eric Lansdell, Bob CLASS AGENT: CAMERON Halina Sandig Michael M Kanovsky Roger Lace Lee, Stephen Lockhart, Kevin TURNER Mark Singh Ivey Society, Deans’ Circle Louis Lagasse McKinney, Marion Schmidt Anonymous Ivey Society, Benefactor TOTAL: $21,934 Maide Yazar McRae Susan Harris & David Kassie Ivey Society, Patron Robin Dow PARTICIPATION: 12% Jill & Kevin Yousie TOTAL: $56,786 Anonymous Scott Hean Margot Jones & Doug Irwin PARTICIPATION: 9% Ivey Society, Deans’ Circle Ivey Society, Benefactor Janet & Keith Smith Gregory Guichon Ivey Society, Benefactor David J Dulal-Whiteway Terry A Jackson Other Annual Fund Ivey Society, Founders’ David Kassie & Susan Harris MBA 1981 Wendy Murdock Contributions Circle Other Annual Fund Foundation Huguette et Jean- Ivey Society, Patron TOTAL: $72,078 David Armstrong Other Annual Fund Contributions Louis Fontaine Anonymous PARTICIPATION: 16% Anonymous Jim Bonny Contributions Robert Gorman Ivey Society, Benefactor Anonymous Stuart Campbell Ivey Society, Founders’ Serge Bourassa Jim Gallagher Circle William Band Wing S Chu Ivey Society, Deans’ Circle Susan Davies Maria & James Knowles Pierre Lagueux Joanne & David Browne W A David Brittain Gary Comerford Michael De Santis Bruce Ling Betty-Anne & Tom Lindsay Ace Cetinski Robert Dearborn Ivey Society, Patron Armand Des Rosiers John Purkiss Cameron J Turner Richard E Rooney Marshall R Egelnick John Donelan Stephen Hecht Eric Vengroff Dr Sherry L Price Thomas Givens Ivey Society, Benefactor Ivey Society, Deans’ Circle Aly Lalani Ian Bruce Other Annual Fund Doug Irwin & Margot Jones Graham Senst George Godbolt Mike Moroz Linda Chan Contributions Guff Muench Jacqueline C Orange Ian Taylor Gord James Anonymous Bruce M Shirreff Ivey Society, Patron Andrew Parkes & Bill Parkes Rigby Whitty Michael R Levine Anonymous Pamela & Donald Steele Patti Bunston Gunn & Stephen Beth Roemmele Hemstad Robert Martin Anonymous Gunn Arthur Watson Amos Simpson Anonymous John Stanczyk

2012 ANNUAL REPORT — 35 INVESTING IN 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 1983 Ivey Society, Deans’ Circle Other Annual Fund MBA 1987 Charles MacQuarrie Susan Doughty (Little) Sue & Jeff Dossett Contributions Christianne Paris James Gilliland TOTAL: $107,317 Kirsten Feldman Anonymous 25TH REUNION SOCIAL Nicole C Goodfellow COMMITTEE: Other Annual Fund PARTICIPATION: 21% Harolde Savoy Alison Amendola Contributions Michael J Greenberg David Aston John Hammond, Bob Gibson Ivey Society, Founders’ Ivey Society, Patron Anonymous Eric Jensen FUNDRAISING COMMITTEE: Circle Jan Herman & Mark Herman Jean-Marie Brideau Anonymous Philip King Charles W Brown John Akkerman, Mary Guy Charette Ken Albright Robert LaJoie Ivey Society, Benefactor Federau, Bill Furlong, Horst Pierre Lapointe Lloyd Cooper William Burnfield Hueniken, Fil Papich Robert Blair Ian Macdonell Steve McDonald Claude Damiani David Carroll TOTAL: $214,000 Michael Bolitho Gadi Meir Kishore K Sakhrani Joan E Fiset Douglas MacKay PARTICIPATION: 13% Cathy M Buchanan Richard Miller Ivey Society, Deans’ Circle Stephen Quinn Anne Hale Kevin H Campbell Laura M Mizzen Douglas Richmond Muneer Hirji Ivey Society, Founders’ Robert Yanowski Circle Bob M Chown Kathryn Nelson Garfield C Johnson Ivey Society, Patron Andrew C Zsolt John Akkerman Christopher Connolly Angela Olsen & Martin Fafard James A Bertrand Gord & Bev Knapp Martin Fafard & Angela Olsen Other Annual Fund Ivey Society, Deans’ Circle Glen Orsak & Margo Hoyt Maria Smith & Eric Tripp Eric C L Lee Contributions Anonymous Steven Galezowski Steve E Petersen Harold K Manifold Ivey Society, Benefactor Anonymous Marc H Brillon Jay Goldman Elizabeth & Andrew Pollock Nancy & Manlio Marescotti Susan G Abbott Anonymous Dan Coholan Maura Lendon Douglas Stirling Donald Maunders Deb & Jeff Bacon Anonymous Mary Federau & David Hass James McGill Carol Trattner Michael Reed Paul Ballinger Duncan E Campbell Horst E Hueniken Diane Moldaver John Welton Andrew Ringvee Brad Bourne Will Charles Rob Logan Jacintha Podson-Hughes & Jane Zoeger Bob Shustack John Hughes Perry Caicco Marc Flynn Carol & Filip Papich Janet & Roger Dickhout Martin Granner Richard Smith Mary Robertson Ivey Society, Patron Geoffrey Gudewill Peter Sutherland Laura Rosenthal Meegan Hinds & Marc Robert Gibson MBA 1990 Douglas Harman Letourneau Thomas J Trainor Glen Smeltzer TOTAL: $60,424 Dr Andrew Inkpen Ron B Wild Ivey Society, Benefactor John Swettenham Other Annual Fund Paul Badeski PARTICIPATION: 14% Anne Lamont Elliot Wilkinson Peter Szoke Contributions Grant S Berry Anonymous Ken MacKinnon Atul Thakrar Ivey Society, Founders’ Valerie Millen & Lyle Kerr Circle Hany Assaad Hylda & Tony Martin Gregory P Vitali Gordon Pearce William J Jandrisits John Beamish Paul C McCabe MBA 1986 Other Annual Fund Michelle & Patrick Meneley Ronald Benes Dr David McCutcheon & Dr TOTAL: $66,133 Contributions David Boles Rebecca Grant MBA 1989 Ivey Society, Patron PARTICIPATION: 13% Anonymous Paul Boucher Dr Les Bowd Edward McHugh Ivey Society, Founders’ Anonymous CLASS AGENT: LAURIE Paul F Campbell Peter Brennan Rosemary (Schauf) Pahl CAMPBELL Circle Mike Bouchard Catherine Hampson & Tom Richard M Cohen Lynda Parks Sahadat TOTAL: $68,177 E Scott Beattie Christopher Dawson Flynn Andre Denis Gita Ramachandran PARTICIPATION: 19% Wendy Adams & Wade Gerry Fenwick Lisanne & Jim Rogers Laurie Dunk Hugh Ramolla Oosterman Dominique Gerin-Lajoie Ivey Society, Founders’ Ivey Society, Benefactor Jeannette A Eberhard Sandra Rosch Roger Mortimer John Hughes & Jacintha Circle Rizwan Ahmad Steven Yaron Garmaise Blair A J Shier The Shlesinger Family Laurie Campbell Podson-Hughes Lynn C Gregor Scott Tapson Jon & Laura Hantho Tim Henry Ivey Society, Patron Stephen Laurion Pamela Griffith-Jones Peter Viducis Pierre Pomerleau Tom Jesty Jim Arsenych Peter Macaulay Don Johnson Christopher Vyse & Ellen Matt Lawton Ian de Verteuil Dr Brent Matthew Ivey Society, Deans’ Circle Briant Alfio Manarin Thealzel Lee David S McCann Martin Osso Steve Dent & Janet Maclaren Peter Waugh Lisanne & Jim Rogers Edward Li Paul Szczucinski Aldo Sylvestre Ivey Society, Patron Suzanne & Kristian Teleki Chun P Ling & Patricia S T Ling Ivey Society, Benefactor William Quinn Cameron Tipping Patrick Lu MBA 1985 Yvon Gaudreau Ivey Society, Benefactor Joan Wiggins Pauline F Malley MBA 1988 Roxanne & Mark Behrman Other Annual Fund Other Annual Fund John Mathewson TOTAL: $57,682 Denise C MacDonald Contributions TOTAL: $48,063 Contributions Catherine Ralston PARTICIPATION: 18% Anonymous Wendy MacKinnon-Keith PARTICIPATION: 15% Anonymous Catherine Paquet & Pierre Ivey Society, Founders’ David Boyce & Colleen Gordon Nexcap Finance Corporation Anonymous Ivey Society, Founders’ Rivard Circle Ann Elliott Bruce & Lisa Rothney Circle Vicky Batters Maureen & Tony Solecki Donald F Archibald John Harris Timothy Hodgson & Other Annual Fund Anoop S Chawla Gary Svoboda Debra & Brian Heald Paul R Harvey Linda Netten Contributions Penny Fabbro Jay Switzer Stephen D Lister Thomas Hinton Jock MacDonald & Anonymous Andrew Forestell Robert G McFarlane Barbara L Lawson Janet Griffin Anonymous Bernard Gutnick Ivey Society, Patron Bruce Lindsay Tim MacDonald Anonymous Robert Hallsworth MBA 1984 James Charlton Jim McKay Ivey Society, Patron Anonymous Tim Keighley Donald J Polk TOTAL: $39,330 Pierre McLean David Montanera Anonymous John McMillan PARTICIPATION: 16% Ivey Society, Benefactor Allister C Paterson Robert Olsen Neil Abramson Paul Noreau Susanne & Doug Berk Ivey Society, Founders’ Jane Smale Ivey Society, Benefactor Marc Bisson Marian Plante Ken Hollingshead Circle Donald Smrke Anonymous Ted Bonertz Susan Sarjeant Austin Eric C L Lee Lenny Moy Brian Thompson Graham Carter Ellen Briant & Christopher Vyse Bruce A Schouten Peggy E MacKay Thomas Wilson Stephen Hughes Pierre Desjardins Donna Thompson Marita E Zaffiro Pamela Jeffery David S C Dobell Theresa & Grant Williams 36 — 2012 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

MBA 1991 Ivey Society, Patron Dan & Karen Condon MBA 1995 Robin Porter Erin & Jan Sorhaug Tom Flynn & Catherine Barry Dennis Gail Rodwell-Simon Other Annual Fund Hampson TOTAL: $57,823 Paul Blaha & Laurel Deplaedt TOTAL: $32,750 Ann-Margaret Tait Contributions PARTICIPATION: 15% Susan Witteveen & Dan Gayle Duncan PARTICIPATION: 10% Anonymous McClure Ivey Society, Founders’ Nick Evans Ivey Society, Founders’ Anonymous Circle Ivey Society, Benefactor Andrew W Herrmann Circle MBA 1997 Dev Balkissoon Alicia & Tony Cestra Glenna & Richard Talbot The Hopper Family Tim Benson & Suzanne Margo Hoyt & Glen Orsak CLASS AGENT: STEVE Gareth Turner James D’Orazio Spragge Vidya Iyer Ivey Society, Deans’ Circle DUMANSKI Mark Whitmore Chris Hibberd Greg & Tracy Guatto Kathy Kalafatides 15TH REUNION SOCIAL Sean Cameron Bill Jack Ivey Society, Patron Brian May Ivey Society, Benefactor COMMITTEE: Benjamin Cherniavsky Fraser Johnson Mark Newman John McLeod Esther Benzie & Mark Phillips Tom Philpott, Sylvie Thompson Mike Collins Judi & Steve Meston Ivey Society, Benefactor Jeff Meyer B Naini FUNDRAISING COMMITTEE: Marie-Anne Desjardins Joe Nemeth Lisa Porlier Walter Romaniuk Alexa Nick D’Arcy Delamere, Steve Brett Flint Alain Tranchemontagne Dumanski, Curt Sigfstead Gary Rubinoff John Sawler Doug Pollard Charles A Gadalla TOTAL: $107,113 Mike Thorfinnson Other Annual Fund Daniel M Steinberg Joseph Quarin Bradley Havixbeck PARTICIPATION: 9% Darrell Wheeler Contributions Robert Symmons Bradley Radin Carolyn Hobbs Brian & Lynn Campbell Sandy Whittall Dennis Tze Other Annual Fund Ivey Society, Deans’ Circle Allison Kim Eddie Castelletto Other Annual Fund Contributions Hugh Babowal Antoni Krajewski Jason Chrein Contributions Anonymous Ivey Society, Patron Tim Logie Anonymous Rob Cunningham MBA 1994 Anonymous Steven Dumanski Eric Matusiak Steve Adams Ian Glassford Mark Brown Mark Horsfall, Lucy Spence Kurt A Middleton CLASS AGENT: SERGEI J Atha Julie E Hamel Monique M French & Family TCHETVERTNYKH Chantal Miklosi Doris Bitz Scott Hilborn Karen Grant Dan McClure & Susan TOTAL: $26,008 William D Robertson Witteveen Ross Chafe Michael Hill Hilda Lau PARTICIPATION: 11% Andrew Romocki Anthony Ostler Glen Charanduk Patricia M Meehan Edward R T Lawson Tal Vilenski Ivey Society, Founders’ David J Pennington Rhonda L English Cathy Pin Nicole Paquin Helen Wang Deanna Schuerbeke Circle Curt Sigfstead & Lara Witter Grant Fraser Olga & Sergei Tchetvertnykh Athena Pasqualoni Glen Webster Tak Yu Trevor Tam Susan Gamm & Dieter Gamm Wilma Sung Kong Ronny Steinberg Jerrold White Tony Valle Ivey Society, Benefactor Chris Taves Colleen Gordon & David Boyce Anonymous Linda Verth Steven Wilson Andrew Waight Ivey Society, Benefactor Bruce Harrop Mark Barber James R Witmer Geoffrey Colter Stephen Legler David J Collett MBA 1996 Dennis McNeil Lorna MacDougall Denham Dagmara & Robert Fijalkowski MBA 1993 Philip F D Moorcroft Brad Maheu Kimberley A Mouland TOTAL: $42,099 MBA 1999 George Nast Howard Mains CLASS AGENT: SARAH Chet Woon PARTICIPATION: 12% CLASS AGENTS: TIM GRIGG, MORGENSTERN Steve Uszkay Keith Matthews Ben A Yu DARREN ROUGH TOTAL: $51,890 Ivey Society, Founders’ Michael Woolhouse & John McCready Circle TOTAL: $13,700 PARTICIPATION: 13% Other Annual Fund Christine Allen Deborah McCutcheon Nan DasGupta & Michael PARTICIPATION: 6% Contributions Other Annual Fund Jennifer McNaughton Ivey Society, Founders’ Anonymous Bernstein Contributions Ivey Society, Patron Douglas Melville Circle Marilyn & Terry Ablett Mark Wellings Shon Wilkie Anonymous Anthony Anderson Robert Presser Margot Burleton Ivey Society, Benefactor Kirsten & David Fear Mark D Applebaum Ivey Society, Benefactor Ron P Reinders Amitabh Chaudhary Daniel Golberg Joanne Dolfato & Jeff White Edward J Gudaitis Kerry Biggs Linda & Jamie Sawchuk Clare W Cheng Dominique Hansen Michael Flood Sarah Morgenstern & James A Black Jack Scott Christopher A Lane Mark Lerohl Todd Hargarten Robert Espey Andree Dallaire Kelly Smith Luc Fouquette Stephen H E Murphy Darren Pare Ivey Society, Patron D’Arcy Delamere Trish Sullivan Derek Ham Daniel J Nowlan Darren Rough Kim MP Cook Sally Fereday Amos Tin Deepak Khandelwal Jeem Sirivar J Christopher Donald Other Annual Fund Ian S Orfanides Jeff Weiss John Koyanagi Contributions Thecla Sweeney & Garrick Ivey Society, Benefactor Thomas G Philpott David Kusnierczyk Anonymous Tiplady Wouter D’Ailly Eric Strong Priscilla Ma Anonymous Other Annual Fund Brian D’Costa MBA 1992 Harry Mark Anonymous Contributions David Dundas Anonymous 20TH REUNION SOCIAL Gregory Martin Anonymous MBA 1998 Darren Marshall Anonymous COMMITTEE: Andrew L Nelson Alan Freedman Pierre Pacarar CLASS AGENT: JERRY WHITE David Eason Elizabeth Bennett, Patricia John Rideout Stephanie Galloway Meehan Robert T Pemberton TOTAL: $22,280 Andrew Fletcher & Family Juliane Schaible Tracey Groom TOTAL: $32,360 John A Sinclair PARTICIPATION: 12% Greig Garland Dirk & Martha Schrader Scott Hledin PARTICIPATION: 11% Richard Stephenson Jeffrey Johnston Peter Strickland David Iggy Iwasiewicz Ivey Society, Founders’ Circle Brent Patterson & Nicole Ivey Society, Founders’ Other Annual Fund Steve Suarez & Michelle Alain David Koltermann Contributions John Shannon Turnbull-Patterson Circle Melissa Tarsky Mark Kopytek Anonymous Paul E Moynihan Daniel Magyar Ivey Society, Patron Gordon V Sandford David Ager Bryan Tatoff Ivey Society, Deans’ Circle Marie-Josee Martineau Lara Witter & Curt Sigfstead Peter Smith Michel Bruyere Barry Stewart Scott McCulloch PhD Ivey Society, Benefactor Andre Sochaniwsky Stephane Chartrand Greg McLean John Berry Robert Weiss Diana Parsons Stephen Bertrand

2012 ANNUAL REPORT — 37 INVESTING IN 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.

MBA 2000 Brian Pereira-Mendoza Wah-Kit Cho Elaine Shiu (Lui) Ivey Society, The First Nigel McNabb Paula J Puddy Lori Darlington Matthew Simpson Decade Society Tory Merritt CLASS AGENT: ALLAN Mark Roberts Steven Dekker Colin Stairs Chris Guillon Nadia Montecalvo BUITENDAG Jim Sikora Sonal N Doshi Benjamin Tan Shane O’Farrell Mira Ray TOTAL: $5,439 Janine White Leonard Firkus Shannon & Arjun Taneja Carlos Vicens Suraj Raythatha PARTICIPATION: 6% Gillian Whitebread Stephen Fitzpatrick Other Annual Fund HongZhi Ruan Ivey Society, Benefactor Jeffrey Wu Colin Gorling Contributions Krista Schiestel Garrick Tiplady & Thecla Clare Aker Andrea Young Grant Headrick MBA 2005 Ilana Valo & Dr Josh Silvertown Sweeney David Bassin Robert Jaques CLASS AGENTS: LISA CLEARY, Peter Sobczak Natalie (Edwards) Bisset Other Annual Fund Kris Khanna DAN ROWE Haiping Sun Contributions Roger Chang MBA 2002 Jean-Philippe Leblanc Michael Tevel Anonymous TOTAL: $9,323 Trevor Davison Spencer Low Blaine Woodcock Anonymous CLASS AGENT: ROBYN PARTICIPATION: 10% Laura Emmerton HOCHGLAUBE James MacDonald Shakeel Bharmal Ivey Society, Benefactor Min He Mark Manley & Ainslie Artem Borounkov 10TH REUNION SOCIAL Mike McKenna COMMITTEE: Simmonds Paula Schutz MBA 2008 Allan Buitendag Ivey Society, The First Tim Coveyduck, Ashok Jonathan McDooling Everton Lewis Andy Crysdale Decade Society CLASS AGENTS: ANUJ Gupta, Robyn Hochglaube, Eleni Mitsis Liane Orsi Lora & Dylan Hardy CHANDARANA, IRFAN DAYA, Jeffrey Groves Jill Hong, Steve Mangal, Liz Jay Perry Kenric S Tyghe TREVOR HAND, LYNDSAY Catherine Jarmain O’Neil, Michael Quinn, Collin Mark Healy Chen Yang PASSMORE Benjamin Rodney David Resnick Jennifer Jones Sawatzky, Paul Skippen Gurdip Sanghera Rob Young TOTAL: $7,175 Trevor Lam TOTAL: $12,728 Other Annual Fund Elan Satov PARTICIPATION: 4% Tara Landes PARTICIPATION: 5% Contributions Elliot Scherer Anonymous Ivey Society, Deans’ Circle Qing Li Ivey Society, Deans’ Circle Christopher Spalding Anonymous MBA 2007 Nick Kuzyk Robb McNaughton Staffen Family Dev Srinivasan Anonymous 5TH REUNION SOCIAL Ivey Society, The First Jonathan Minsky Ivey Society, Benefactor Jason Steel Anonymous COMMITTEE (TWO YEAR): Decade Society Patrick R Mitchell Anonymous Susan Tamir Anonymous Tory Merritt, Kamana Tripathi Jennifer Mitchell Joanna Ng Ioannis Foufas Andrew Wolch 5TH REUNION SOCIAL George N Nikopoulos Dilprit Grewal Jared Bettridge Brian J Sinclair COMMITTEE (SPRING): Mike Brydson Stephen Stewart Athena A Skagos Michael Quinn Mac Bell Paul Chapman Other Annual Fund Gregory Wright Other Annual Fund 5TH REUNION SOCIAL & MBA 2004 Kyle Chow Contributions Victoria L Young Contributions FUNDRAISING COMMITTEE Sandro Banerjee Anonymous TOTAL: $11,414 Stephanie Taylor Coughlin (FALL): Changchun Zhang Colin Bogar Jean-Pierre Boudrias PARTICIPATION: 6% Prakash David Charmaine D’Silva, Jing Guo, Amy (Daw) Gibbons Mustafa Husain Ivey Society, Benefactor Adam Dean Mike Liebrock, Mira Ray, Darwin Smith, Mike Tevel, Trevor Hand Ryan Lapointe Anonymous Matthew Hall MBA 2001 Blaine Woodcock Eric Kung Patrick Lo Daniel Barnholden Nauman Haque TOTAL: $12,488 TOTAL (FALL): $18,250 Matthew LeQuelenec Nicole T (Piscione) Musicco Larissa Chaikowsky Ijaz Jamal PARTICIPATION: 6% PARTICIPATION (FALL): 26% Aaron Minocha Stéphane Ouellet Steven Hansen Dr Guo Liang Jiang TOTAL (ALL): $25,665 Doug Parent Ivey Society, Deans’ Circle Geoffrey A Pollock Joseph Lo Andrew Kennedy & Duska Anne McMaster & Frederic Kennedy PARTICIPATION (ALL): 8% Paul Skippen Sean Naylen Lesage Alex Li Ivey Society, Deans’ Circle Nicole Turnbull-Patterson & Other Annual Fund MBA 2009 Ivey Society, Patron Brent Patterson Christopher Madan Israel Mendez & Connie Clerici Kevin Williams Contributions Anonymous Sidharth Misra Ivey Society, Benefactor CLASS AGENT: CHRISTOPHER Kamana Tripathi LAU Ivey Society, Benefactor Anonymous Colin Moore Dan Eisner Darwin Smith TOTAL: $2,820 MBA 2003 Anonymous Andre Mousseau Peter Kalen Alexander Pak PARTICIPATION: 3% CLASS AGENT: RAJ AGGARWAL Anonymous Ivey Society, The First Becky Perez Decade Society Other Annual Fund TOTAL: $11,513 Anonymous Ivey Society, The First Contributions Dan Rowe Jonathan Belair & Heather Decade Society PARTICIPATION: 7% Anonymous Anonymous Tobin Jamie Biggar Anonymous Robert Scobie Anonymous Ivey Society, Patron Efrem Berman Kevin G Callahan Anonymous Arif Shivji Ed Boose & Sandra Bolton Dale Degner Riccardo Cosentino Nolan Hosking Anonymous Greg Stewart Charles Bougie Ivey Society, Benefactor Geoffrey Hewitt Christopher Lau Anonymous Wendy Taylor (Stolk) Peter Busse Bogdan Comanita Michael Liebrock Kate Lawrence David Barrett Joe Thacker Dennis Dussin Eliza O’Neil Vijay Viswanathan Heather Tobin & Jonathan Stefan P Bortolussi Mark Tomek Triina & Chris Forbell Ivey Society, The First Other Annual Fund Belair Robert Cajolet Agata Urbanowicz Christopher Gulliford Decade Society Contributions Other Annual Fund Neville Dastoor Gregory Worsnop Vivian Hu Momchil Momchilov Varun Bahl Contributions Edwin Lee Marc Kaipio Peter Sang Ng Frank Callele Scott Gryba Chris Lumley Samuel Leung Other Annual Fund Yingdong Chen Will Hooper Jared Lundy MBA 2006 Ang Li Contributions Jing Guo Shafeen Mawani Brian Balkwill Lee Merovitz TOTAL: $4,632 Lachlan MacQuarrie Kara Hunter Joseph Mocanu Robert Barton Kelsey & Andrew Ramsden PARTICIPATION: 6% Craig McKean James Irvine Charles Newton Price Naomi Brown Steven Ridgeway Vasilios Panopoulos Ivey Society, Benefactor Raveena Maheshwari Dan Shadd James Obright

38 — 2012 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

MBA 2010 Other Annual Fund Other Annual Fund MSc 2012 Contributions Contributions TOTAL: $6,730 Jonathan Batson Anonymous Ivey Society, The First PARTICIPATION: 9% Victor Diab Anonymous Decade Society Ivey Society, Benefactor Erich L Isopp Marie Arnot Segun Adewale Busari Brandon Gerson Neha Khera Andrew Dixon Victor Xu Bradley Pavelka Ahmed Yousef Lauren Hulme Crillen Zhao Ivey Society, The First Rehan Khan Other Annual Fund Decade Society Alex CW Lau Contributions Layth Ashoo MBA 2012 Brent Osborne Carolyn Burns Se Chea Patrick Davis TOTAL: $6,469 Adnan Pandjou Kathleen Cloutier Roberto de Leo PARTICIPATION: 13% Elizabeth Verdone Kyle D’Silva Nicole Duncan Ivey Society, Founders’ Nick Galasso Clayton R Feick Circle Derrick Fournier Christine & David Wood Damir Kostic Mrinali Kaul Martin Lee Ivey Society, The First Adrian Pfammatter Josie Law Decade Society Peter Lowas Anonymous Leanne Simourd Peter MacEwen Anonymous DongYue (Lucy) Song Christopher O’Grady Anonymous Danielle T James Pan Anonymous Ruolin Wang Patrick Smith Ahad Ahmed Liang Yin Jonathan Smithson Mike Bell Cindy Zhang Wei Sun Ted Browne Peter Walker Jessica Catton Fraser Wiswell Justin Chen Other Annual Fund Mike Cole Contributions Jonathan Del Rosario Anonymous Wendy Dobson-Belaire Adam Bortolussi Sarah Draper Diane Edgeworth Brent Duffin Dillon Johnson Gaurar Garg Milos Milicic Shruti Garg Yaniv Tom Nathan Griffin A Gettas Karin Saldarriaga Ritika Goel Daping Guo Tom Halton MBA 2011 Michael Holmes CLASS AGENT: CYRUS ZAHEDI Andrew Jacklin TOTAL: $4,563 Vivek Kalwani PARTICIPATION: 8% Michael Kenigsberg Ivey Society, The First Omar Khan Decade Society Vivian Lin Anonymous Wei Lin Neha Bhasin Olena Lobach Sean Dixon Amrutansu Mahapatra Razy Farook Alex A McMurray Robin Guron Eriver Muwanguzi Andrew Isaac Kaushik Ramakrishnan Christopher Johnson Darlene Santos James Larsen Jake Sherman Katie Anne MacInnis Andrew Spergel Daniel Moro Rachel Stulberg Maria Perekotiy Siddarth Subramani Gunpreet S Rekhi Donna Tin Chris D Richard Ross Tom Adam Schlegel Charles Zane Sutirtha Sengupta Sina A Zere Andrea Sum Haining Zha Paul von Martels Andrew Webster Caleb Yong Cyrus Zahedi

2012 ANNUAL REPORT — 39 INVESTING IN 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 EMBA 2004 EMBA 2009 VEMBA 1998

Ivey Society, Patron Ivey Society, Founders’ Doug Brown (HK) Ivey Society, The First Blaine Dalby Laura Gainey & Richard Clark Circle Christopher Emery Decade Society Diane Gagner Luc Vanneste Richard D Ackerman Ivey Society, Benefactor Lynette AF Hines David McElhanney Tom Greco Other Annual Fund Maura E Pare Other Annual Fund Nagib Premji Other Annual Fund Contributions Craig Pattinson Contributions Anonymous Anonymous Contributions Daniel Sin Anonymous Anonymous Debbie Young Andrew Bass VEMBA 1999 Gordon Albini Shaibal Datta Jacques Blais Michael Aniballi Johnny Kobayashi (HK) James Cunningham Alexander Chan Gino Lombardi EMBA 1994 EMBA 2005 Ruth McDonald Steven Kaukinen Hugh McMullan Michael Jack Douglas Ostafichuk Ivey Society, Founders’ Cameron Moffatt Michel Myre Circle Marc Lacoursiere Bruce Reid Janet De Silva Stephen Leach Jim Wang Other Annual Fund Ashif Moloo VEMBA 2000 EMBA 2000 Kirsten Wells Contributions Timothy Stanley Ivey Society, Benefactor Janet E Heisey Perry Lea Kent Wilfur Gary Krikler Patricia S T Ling & Chun P Ling EMBA 2010 Agako Nouch EMBA 2006 Other Annual Fund Contributions Frank Sartor Ivey Society, Benefactor Ivey Society, The First Suzanne Gouin EMBA 1995 Lynda & Russ Bruch Decade Society Kathleen Wighton Peter Johnson Anonymous EMBA 2001 Peter Caldwell Pamela Stevenson Other Annual Fund Ivey Society, The First Michael Costa Contributions Decade Society VEMBA 2001 Bradley Erasmus (HK) Carolyn Mason Michael Chisholm Ivey Society, Deans’ Circle EMBA 1996 Henry Friesen Sean Grasby Judy Fairburn Kerry Gerber Kelly Tryon Ivey Society, Benefactor EMBA 2007 Ivey Society, Benefactor George Small Robert McGillivray Other Annual Fund Contributions Mohammad Azab Other Annual Fund Ivey Society, Deans’ Circle Anonymous Rob & Joan Dal Bianco Contributions Steven Bottero David Craig EMBA 2002 Ivey Society, Benefactor Marius Dobre VEMBA 2002 Julian Sellers Vince Cascone Ivey Society, Benefactor Neeraj Garg D P Airey Dan Vickery Ivey Society, The First Eric Sana Zhongze Wang (HK) EMBA 1997 Decade Society Bradley Wamboldt Other Annual Fund Nina Layla Chadha Ivey Society, Founders’ Contributions Other Annual Fund Circle Robert Gordon Contributions EMBA 2011 Lana & Tim Hockey Harvey Naglie Stephen Bolton Richard Wah Kan Ivey Society, The First Ivey Society, Benefactor Decade Society Claire Duboc Mario da Silva David C Edwards EMBA 2008 EMBA 2003 Nanci York Other Annual Fund Ivey Society, The First Other Annual Fund Contributions William Chiu Decade Society Contributions Anonymous Anonymous Winnie Chu Ascenzio Farina Sandra Oliver Claudio De Vincenzo Other Annual Fund Beth Shaw John Mountain Contributions James Ramsay Victor Adesanya Jan Sahai Randy MacMillan EMBA 1998 Victor Salem Steven Rhind Nicholas Valcour Derek Gould Ilana Sprongl Arnold Visser Cindy Kingshott Teresa Tolhurst Francesco J Miscio

40 — 2012 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 1946 Ivey Society, Benefactor HBA 1957 HBA 1960 HBA 1964 Other Annual Fund Douglas Heagle Contributions Herbert Ballantyne Hugh Morris 55TH REUNION COMMITTEE: Ivey Society, Founders’ Ivey Society, Founders’ David Fotheringham Lynn Glenn Bob Blake Other Annual Fund Paul Condon, Bob Cowan, Circle Circle Al Herrington, Ross Hutchison, Carl Woodward Contributions John R Currie W C Wood Foundation George Godbolt The Late Keith Johnston, Michael Ashton James Hutton Don Noble, Bob Riddell, Gary Other Annual Fund Other Annual Fund John Carrie Venton Contributions Contributions Donald Loeb Robert Bosworth John Martin HBA 1947 Boyd Chesney TOTAL: $16,550 Joseph Sinclair Michael Cochrane 65TH REUNION SOCIAL Roger Doe PARTICIPATION: 32% William Trevena COMMITTEE: George Hakojarvi Ivey Society, Patron John R Hall HBA 1965 Gwen Anders Anonymous HBA 1954 Dr & Mrs John A Humphrey HBA 1969 Ivey Society, Founders’ Ivey Society, Benefactor Ivey Society, Patron Circle John Ricketts Edward Kernaghan Ivey Society, Founders’ Ronald Buffett Ivey Society, Founders’ Dr Richard M Ivey J Jackson Tyson Circle Paul Condon Ivey Society, Benefactor Circle Robert Violette Other Annual Fund Dr & Mrs Geno F Francolini John H Hayes Ian R Campbell Gilles G G Ouellette Contributions The Late Professor Douglas Ivey Society, Benefactor Joan Johnston and The Late Ron Clark Ivey Society, Benefactor Robert Beacom Westgate Paul Murray Keith Johnston Dennis Vollmershausen David Moser Other Annual Fund Other Annual Fund Paul Williamson Other Annual Fund HBA 1948 Contributions Contributions HBA 1961 Other Annual Fund Contributions Judith Aikman J Robert Cowan Contributions James Lasby Anonymous George Disbrowe Donald Dickison Ivey Society, Benefactor John Carter Russel Robertson John Johnston Donald S Durkee Richard Innes Cyn & Jack Cronkwright Douglas Page Dr Allen F Herrington Other Annual Fund Michel David HBA 1950 David Poore James Holding Contributions Robert Johnson HBA 1970 Peter Hancock Alan Querney Patricia (Craig) & Ross James D Keenleyside TOTAL: $10,252 Ivey Society, Benefactor Hutchison Gregory Kasparian A S (Peter) Kingsmill Ronald Ray PARTICIPATION: 11% Janis I Jente Brock Pilkey Richard Sharpe William Kritsch The Late Uldis (John) Uiska HBA 1966 Ivey Society, Deans’ Circle Bob Shearer Other Annual Fund HBA 1955 Donald Noble Contributions Anonymous Wayne Penny Ivey Society, Patron Kenneth Belbeck Anonymous Robert D Crockford Ivey Society, Benefactor Ronald Poth HBA 1962 J Kenneth Hord Bruce Deans Other Annual Fund Robert Shields 50TH REUNION SOCIAL Hon Donald R Getty Richard Lettau Norman Smith COMMITTEE: Contributions HBA 1951 Larry Adamson Other Annual Fund Charles Wells Richard Thorpe, Doug Young Contributions Daniel Cohoe Ivey Society, Benefactor The Late Bill Wood Ivey Society, Founders’ Herbert Stein Anonymous HBA 1967 Richard Fiebig Circle Lucien Pare Jane & Tim Marlatt Other Annual Fund Larry Shaw 45TH REUNION SOCIAL COMMITTEE: James Roddy Contributions HBA 1958 Ivey Society, Benefactor Fred Bradley Gary Barnes, Ian Cousins, Len Robert Fenn Lee, Graham Lute, Edward Milliken HBA 1956 Ivey Society, Benefactor Douglas Reid Richard J Thorpe Don McLoughlin Charles M Noltie HBA 1971 Ivey Society, Founders’ Other Annual Fund Ivey Society, Founders’ Other Annual Fund TOTAL: $43,350 Circle Contributions Circle Barbara & John Carroll Contributions PARTICIPATION: 17% Felipe Costa Patricia Badeen Gary Barnes HBA 1952 George S Dembroski David Eng Peter Knoepfli Ivey Society, Benefactor Ivey Society, Founders’ 60TH REUNION SOCIAL Circle Other Annual Fund David Johnstone Ian Lucas John Burton COMMITTEE: Contributions Henry Cheng John F Sloan Kenneth McCutcheon Ted Barber, Marvin Shore Anonymous Other Annual Fund Barbara & Ian Fraser Adam Telfer Denton Miller Contributions Hugh John Cook Arkadi Kuhlmann Donald Blanchard Ernest Steward Anonymous Shirley & Bill Eichenberg Elmer Campbell Peter Walter Garry Dubecki Ivey Society, Benefactor The Late John E Farley Donald C Gibson HBA 1959 Paul Fogh-Dohmsmidt R Peter Gillin Bill Louth Mary McGee Marg & Ted Morrow Dave Prentice Darrel McLaughlin Thomas A Movold Ivey Society, Founders’ HBA 1963 Other Annual Fund Marvin Shore Roy Steel Circle Anonymous Contributions Tom Brent John W Chandler QC J Allan Finlayson HBA 1968 Gerald Hipple Dave Prentice Glen Heximer HBA 1953 Ivey Society, Benefactor Ivey Society, Deans’ Circle Graham Senst Joseph Hofer Glenn Jones Jon K Grant Larry Sisnett Ivey Society, Founders’ Dave Martin Don Morrison Ivey Society, Benefactor Norman Thomas Circle John Morris Douglas L Derry The Late Colin L Hubling Other Annual Fund Contributions J Edward (Ted) Johnson Ivey Society, Deans’ Circle Edward Y Baker Gary West Cameron Calder Roderick Evan Brown Robert Hubling

2012 ANNUAL REPORT — 41 INVESTING IN TOMORROW HBA In recognition of their loyal support, donors who have supported the School for five or more consecutive years are listed in bold.

HBA 1972 Ivey Society, Benefactor HBA 1977 Other Annual Fund William J Quinn Ivey Society, Benefactor Michael Schwenger Contributions Ken Shaver Paul Badeski 40TH REUNION SOCIAL Bruce M Shirreff TOTAL: $7,185 Nizar Esmail Michael G Tevlin Sara Collins COMMITTEE: Philip Unger PARTICIPATION: 7% George J Gilvesy Fraser Johnson Don Latta, John Purkiss Ivey Society, Deans’ Circle Mac & Chricket Yule Ivey Society, Deans’ Circle David Greer Scott & Jacqueline Wilson Einar Medri TOTAL: $19,450 Maria & James Knowles Barbara Lonergan-Byers Randy Rutherford Other Annual Fund Ivey Society, Patron PARTICIPATION: 10% Gary Lyon Contributions Ivey Society, Benefactor John McFadden Janet Winkler Keith McEachern Ivey Society, Founders’ Anonymous William Kiff Bryan Pearce Other Annual Fund Circle Ann Sutherland Anonymous Brian Stock Contributions Richard W Ivey Other Annual Fund Jo Barrington Contributions Paul Switzer Anonymous Ivey Society, Benefactor Ivey Society, Deans’ Circle Matthew S Hannon Anonymous Douglas Wall Christopher Dawson Anonymous Douglas Greaves Alan High Debra & Gordon Casperd Mark Winson Kerri Golden Peter Coward Ivey Society, Patron Rick Lane Georges Houde Jim Yardy Robb Hindson Trudy Nixon-Fahie John Purkiss Shirley Roberts Eric Jones Thomas Hinton Joanne Porter-Tikkanen & Other Annual Fund Brian Scott Paul Wildridge John Tikkanen Christine MacInnes Contributions Jackie & Steve Wilkinson Philip Wisener HBA 1980 Frank W Siekmann Thomas Givens Other Annual Fund Jill & Kevin Yousie TOTAL: $54,430 Contributions Philippe Tardif John McKinnon PARTICIPATION: 18% Anonymous John Needham HBA 1975 HBA 1978 Ivey Society, Founders’ Anonymous TOTAL: $29,637 Circle Anonymous HBA 1983 HBA 1973 PARTICIPATION: 7% TOTAL: $63,628 Mark Cowie Louise Adams TOTAL: $56,155 Donald Lang Beverly Behan Ivey Society, Founders’ PARTICIPATION: 11% PARTICIPATION: 14% TOTAL: $19,450 Steve Lear Lorraine Chong Circle Ivey Society, Founders’ Ivey Society, Founders’ PARTICIPATION: 18% Sylvia D Chrominska Circle Ivey Society, Deans’ Circle Sandra Donders Circle Ivey Society, Founders’ Other Annual Fund Dean Connor Deb Barrett & Jim Leech Stephen Foerster William J Jandrisits Circle Contributions Nesbitt Family The Glynn Family Patricia Gass Jane & Michael Lay Susanne & Martin Thrasher Anonymous Barbara G Stymiest Staffen Family Keith Glide Ivey Society, Deans’ Circle Ivey Society, Benefactor Paul Barnicke Ivey Society, Benefactor Ivey Society, Benefactor Bonnie Grundman Jeff & Sue Dossett Murray Chant David Best Judith & Jonathan Cooperman Oscar Belaiche Jeff Hill Tim McGuire Don Darroch Brian Foster Robert Doyle Eileen M Brown Malcolm Jackson Nicholas Paine Robin Dow Stephen Good D Bruce Henning David Carroll Eric Ian Johnson David Wright Barry Gekiere Scott Murray Other Annual Fund Cheryl Davidson Herald Krimmer Ivey Society, Benefactor Gerard P Murphy Michael O’Brien Contributions Peter Irwin S Pennock Dan Mida Jim Reynolds Randall Donkervoort Steven Sims Lisa & Stuart Penny Mark J Verdun Rob Reynolds Gilles Gagnon David Robison HBA 1976 Other Annual Fund Other Annual Fund Other Annual Fund Doreen E Harvey Contributions David Smith Contributions Contributions TOTAL: $50,360 Blaine Hobson Anonymous Ernie Spraggs Anonymous John Alton PARTICIPATION: 15% Rick Lancaster Bruce Barber David Town Michael Browne Bruce D Barton Rychard Lardner Martha Day Jane Yates Kasia Czarski Len Cade Ivey Society, Founders’ Circle Richard Russell Sandy Kemp Jim Zalusky Robert Fish Peter Farkas Anonymous Robert E Simpson David Lewis Bruce Gardner Gary Ghent Kao Ying Lun, John Luke Sklar David J Markle Peter Horvatis Jim Howe Heather & Fraser Latta Brian Martine HBA 1982 Paul Methot Stephen Landers Jon Love & Nancy Yeomans Douglas L Moody 30TH REUNION SOCIAL Ted Newell Edward Postrozny Love HBA 1979 Michael Rupar COMMITTEE: David O’Neil Don G Ridpath John H Simpson TOTAL: $55,842 David Thompson Jim Abernethy, Bill Duffield, Mary Robertson Mary Heisz, Janet Winkler Other Annual Fund PARTICIPATION: 13% Douglas Warwick Doug Welsh Contributions FUNDRAISING COMMITTEE: HBA 1974 Zbig Biskup Ivey Society, Founders’ Ed Giacomelli, Robb Hindson, Circle CLASS AGENT: MATTHEW S Michael Bowie HBA 1981 Roland Keiper, Marty HBA 1984 Doug McGregor McConnell HANNON Raymond Castellan Patrick Weber & Marti Morfitt TOTAL: $174,988 TOTAL: $132,273 TOTAL: $61,575 TOTAL: $36,207 Silvio Di Gregorio Michael Rolland PARTICIPATION: 36% PARTICIPATION: 13% PARTICIPATION: 18% PARTICIPATION: 16% John Komisar Ivey Society, Deans’ Circle Ivey Society, Founders’ Ivey Society, Founders’ Ivey Society, Founders’ P Lynne MacInnes Ivey Society, Founders’ Randolph Dietrich Circle Circle Circle Rob Orser Circle Ivey Society, Benefactor Nora Aufreiter & Lawrence Wendy Adams & Wade Don V Bailey Anonymous Gord Sedgwick Shelagh Donovan & Pentland Oosterman George A Cope Harvey Taraday Ivey Society, Deans’ Circle Michael Boyd E Scott Beattie Rosamond Ivey Carolyn M H Cross Anonymous Ian Vasey Andrew C Zsolt Stewart C Burton Roland T Keiper Ray G Young Hugh MacDiarmid Lisa Colnett Ivey Society, Patron Ivey Society, Deans’ Circle Ivey Society, Patron Daniel A Devlin Anonymous Adam Waterous William Morris Edward Kennedy & Patrick Horgan Lino (Lee) Sienna Stella Kennedy Ivey Society, Patron M J (Marty) McConnell David Montanera Teresa & John Vander Hoeven Jeffrey Orr & Suzanne Legge

42 — 2012 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

Ivey Society, Benefactor HBA 1986 Ivey Society, Deans’ Circle HBA 1989 HBA 1991 HBA 1993 Alec W G Clark Anonymous Carolyn E Horan TOTAL: $73,664 A Ian Aitken CLASS AGENT: MICHAEL PUN TOTAL: $18,185 CLASS AGENT: KEVIN O’BRIEN Stephen Hughes PARTICIPATION: 24% Peter Grosskopf TOTAL: $24,818 PARTICIPATION: 10% TOTAL: $22,411 Pamela Jeffery Ivey Society, Founders’ Peter Samson & PARTICIPATION: 15% Ivey Society, Founders’ PARTICIPATION: 21% David Jenkins Circle Cathy Williamson Ivey Society, Founders’ Circle Ivey Society, Deans’ Circle Tony Meehan & Vithia Saing Paul J Atkinson Alan Sellery Circle David & Kirsten Fear Yolanda & David Campbell John A K Francis Michael B Hill Sean C V Mullin Ivey Society, Patron Ivey Society, Deans’ Circle Ivey Society, Patron Joseph Pucci Glenna & Richard Talbot Tom Flynn & Catherine Ivey Society, Patron Mark Lewis Andrea & Kevin O’Brien Hampson David T Strickland Ivey Society, Patron Michael W Pun Ivey Society, Benefactor David J Pennington Angie & Tony Francolini Kevin Higgins Other Annual Fund Ivey Society, Benefactor Anonymous Ivey Society, Benefactor Leanne & Stephen Lewis Contributions Catherine Hampson & Scott G Bere Kimberly Facca & Shawn D Aspden Tom Flynn James Barltrop Anonymous Ivey Society, Benefactor Joelle & Sante Corona Dr M Kathryn Brohman Theresa & Robert Scullion Stephen D Armstrong Rose Baker Lee Pettigrew Other Annual Fund William Green Peter Simon Bart Crandon Pamela Griffith-Jones James Salem Contributions T Alan Wright Cindy R Dunn Ivey Society, Benefactor Bill Jack Sara & Mark Waldron Laura Berkmortel Other Annual Fund Heidi Morley & Karl Berger Sherri Laurie (Taggart) Steven Bloom James Gilliland Other Annual Fund Contributions Gautam Chawla Gerald Holowachuk Brian Denega Todd McCuaig Contributions Anonymous Gus De Franco Madeleine Paquin Carmen Edgell Judi & Steve Meston Monika Carmichael Alissa Anzarut Rosemary Li-Houpt Lee St James Denise C MacDonald Other Annual Fund Alex Dey Mark D Applebaum Edna NL Man Tom Yanush Mike Thorfinnson Contributions Mike Emery Stephanie J Brooks Greg Schinkel Jamie Ziegel Anonymous Charles Evans Michelle Butler Angela M Schneider Other Annual Fund Doris Bitz Robert Gold Michael Carleton HBA 1985 Contributions Lynn & Brian Campbell Nicole Haggerty Jeremy Cole Anonymous David Gold Brent Hubbs TOTAL: $15,055 Brent Currie Anonymous Kurt Hausen Indira J Ovenell (Sears) HBA 1992 PARTICIPATION: 19% Karina Eichenberg Michael Glionna Stuart A Morris Randy Price 20TH REUNION SOCIAL (Abramovich) Ivey Society, Patron Hugh Hamilton John L Peters Jim Semple COMMITTEE: Andrew Fletcher & Family Douglas Murphy Elizabeth Harding Barton Rowe Paul St Amour Stephannie Larocque, Sonia Grunau William Quinn Judy Reige Barry Mannell Mike Seliga Bryan Tatoff Michael D Klinck FUNDRAISING COMMITTEE: Ivey Society, Benefactor Maureen J McGivney Robert Stark James Verwaayen Antoni Krajewski Lynda & Russ Bruch Jennifer McNaughton Richard G Warburton Nick Bontis, Chris Dunn, Pauline Martin & Family Alicia & Tony Cestra John Loh, Mark Shuper, Thomas O’Brien Blake Witkin John McNain Lisa & Bruce Rothney John Simcoe, Ainslie Simmonds Ron P Reinders HBA 1990 TOTAL: $80,637 Paula J Puddy Other Annual Fund Kelly Smith Gordon V Sandford Contributions CLASS AGENTS: TIM WATSON, PARTICIPATION: 14% Joy Sterling HBA 1988 MICHAEL A R WILSON Andrew Turnbull Catherine Addison Ivey Society, Founders’ Trish Sullivan TOTAL: $25,988 Darren J Wallace J Atha TOTAL: $41,830 Circle Carol Trattner PARTICIPATION: 17% Glen Webster Philippe Bergeron PARTICIPATION: 14% John Loh Adrian Van Monsjou James R Witmer Richard Comish Ivey Society, Founders’ Ivey Society, Deans’ Circle Mark Shuper Jeff Weiss John de Roos Circle David P Dal Bello Ivey Society, Deans’ Circle Bradley Wiley Brett E B Barakett Stephen Dewis Greg & Tracy Guatto John B Simcoe Doug Guzman & Sheila Brown HBA 1994 Rhonda L English Ivey Society, Patron Ivey Society, Benefactor Chris Francis Ivey Society, Benefactor Kevin Cinq-Mars John L Corso Jr TOTAL: $8,620 HBA 1987 Allan Drewlo Greg W Johns Ivey Society, Benefactor Stephannie Larocque & PARTICIPATION: 13% CLASS AGENTS: DARIN Karen Young Bev & Gord Knapp James Barltrop & Scott Griffith Ivey Society, Patron DESCHAMPS, ALAN SELLERY Kimberly Facca Lori Nemeth Other Annual Fund Judy L Riege Ryan Gledhill 25TH REUNION SOCIAL Esther Benzie & Mark Phillips Mark Runstedler Steven Noble Contributions Ivey Society, Benefactor COMMITTEE: Anonymous Mary Caco-McArthur Keira & Kevin Brown Linda Northgrave Ian Aitken, Rose Baker, Other Annual Fund Anonymous Christopher A Lane Lisa Pankratz Catherine Herring Contributions Melissa Kruyne Lynda Bernst Loris Lazzer Anonymous Elizabeth & Andrew Pollock FUNDRAISING COMMITTEE: Other Annual Fund Stephanie Bowman David (Tex) Mark Mary Fleming Graham Dave Postowoj Darin Deschamps, Alan Sellery Contributions Marina Brock Bradley Radin Amanda Freeman Jordan Rose TOTAL: $464,803 Anonymous Margaret Grice Robert Lombardi Ann & Sean Shannon PARTICIPATION: 23% Other Annual Fund Anonymous Paul Kalbfleisch Susan Lucas Douglas Stirling Contributions Anonymous Ivey Society, Founders’ Susan Kurtz Nicole Archibald Keitha (Mackay) McClocklin John Whitehead Circle Laura E Alexander Christine Nalborczyk Kelley & Kevin Dalton Thomas Pressello Theresa & Grant Williams Darin & Lisa Deschamps Chanda Carr & Peter Cheryl Radisa Christina de Vries Ainslie Simmonds & Giacomelli Cynthia J Devine Paul Rogers Nadine Joli-Coeur Mark Manley Glenn Cressman & Dino DiCienzo Lisa Sanders Andrew Jones Stephen Taran Sarah Colman Paul K Pew Linda Spence Sean Robitaille Robert Dempsey David Torrence Angela M Simo-Brown Donald R Hutchison Darrell Wheeler Michael J Voskuil Angela Roussel Michael Wilson Rui Torrao

2012 ANNUAL REPORT — 43 INVESTING IN 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.

Karin Wiens Ivey Society, Benefactor Elaine Shiu (Lui) Ivey Society, Benefactor Sohail Lalani Zach Michaud Peter Wilcox Ryan Balgopal Stanley Tse Anonymous Jake Sherman Tara Negrave Krista K Wylie Chris Dorland Rachel Yuen Jeff & Amy Baryshnik Stacey Weisberg Franky Ng Kieran Young Joseph Lo Chris Donkers Brent Osborne Eliza O’Neil Evan Hershberg Dirk Propfe Santosh N Prasad HBA 2000 Ivey Society, The First HBA 2005 Elaine Shen Todd Purdy HBA 1995 CLASS AGENTS: STEFAN Decade Society CLASS AGENT: STEVE KENNING Kasia Smith Kate Lawrence TOTAL: $3,598 Other Annual Fund BORTOLUSSI, DAVIN LI, MIKE TOTAL: $5,736 Anton Vidgen RITCHIE PARTICIPATION: 7% Contributions Other Annual Fund PARTICIPATION: 7% Ashley Waller Domenico D’Alessandro TOTAL: $10,166 Contributions Kimberly Yeung Ivey Society, Benefactor Derek Dietrich PARTICIPATION: 10% Anonymous Ivey Society, Benefactor Peter Kalen Amy & Jeff Baryshnik Darren Henderson David Brebner Joel McLean Ivey Society, Patron Mark Laing Connie & Key Kasravi Dann Cushing James Brooks Michael Yue HBA 2007 Other Annual Fund Andre Leung Michael Ritchie Paul Chapman Contributions 5TH REUNION SOCIAL & Norman Leung Eliot Freeston Other Annual Fund Anonymous Ivey Society, Benefactor Contributions FUNDRAISING COMMITTEE: Louise Malhotra Erin Huff Nicholas Cheung James Obright Mathew Abramsky Shazia Banduk, Mike Craig McDowell Kara Hunter Bodsworth, Brendan Howard, Peter Giacomelli & Chanda Carr Other Annual Fund Colin Bogar Greg Secko Parneet Sheema & Saul Simonavicius Jason R Hollingsworth Contributions Julie Cassidy Nick Koutsoukis Andrea Young Michael & Jaclyn Barr TOTAL: $7,685 Christina Maco Erich L Isopp Eleni Mitsis PARTICIPATION: 6% Stefan P Bortolussi Stephen Kenning Jeannine Pereira Kim Neil Jeffrey Brown Alex CW Lau Ivey Society, The First Paul Takasaki Mark Nielsen HBA 1998 Tiffany Foster Rech Decade Society Ashish Ondhia Devon V Leckie Chris Lumley Jeff Greenspoon CLASS AGENTS: AINDREA Aaron Minocha Suraj Raythatha HBA 1996 CRAMP, BRIAN HUEN Shelley Rastogi Alex A McMurray Jaclyn Mascarenhas & Jonathan Paul TOTAL: $4,971 David Resnick Olivia & Matthew Sobczyk TOTAL: $7,132 Jason Thacker Louise Poole PARTICIPATION: 6% Darryl Rose Other Annual Fund Jonathan Price PARTICIPATION: 13% Jeffrey D Wilson Contributions Ivey Society, Benefactor Matt Zabloski Christopher Reekie Jonathan Batson Ivey Society, Patron Aindrea Cramp Tasha & David Rawlings HBA 2001 Dan Sheremeto Stefanie & Michael Block Mark Murski Michael Shour Ivey Society, Benefactor Michael Bodsworth Matthew Sheahan TOTAL: $1,496 Benji Sucher Richard Kim HBA 2003 Jessica Childs Other Annual Fund PARTICIPATION: 6% Mark Trovato Jeem Sirivar TOTAL: $3,070 Denise D’Avella Contributions Anonymous PARTICIPATION: 5% Mark D’Silva Other Annual Fund Patrick Bend Ram Amarnath Contributions Gary Diamond Ted Jennings Jaclyn & Michael Barr Ivey Society, The First HBA 2006 Anonymous Decade Society Nicole Fich Alexander Makrygiannis Neal & Lindsay Costello Anonymous David Wright TOTAL: $4,970 Brendan Howard Christopher Spalding Andrea Garson Warren S Brown PARTICIPATION: 10% Lauren Hulme Scotty Vanderwel Trevor Hand Other Annual Fund David Burnie Contributions Ivey Society, Deans’ Circle Vivek Kalwani Nauman Haque Steven Dekker Anonymous Staffen Family Andrew Rapsey Ginny Lee Sterling Nathan Eldridge HBA 1999 Anonymous Adam Reeds Jeffrey Ranson Ivey Society, Benefactor Michael Mah Keren Ehrenfeld David Goldstein Stanley Rodos TOTAL: $7,153 Mr & Mrs Christopher Sturby Kate McQuillan Marco Malerba Emilka Sage PARTICIPATION: 16% David S Vernon Ivey Society, The First Jonathan Minsky Andrew Parkes & Bill Parkes Decade Society Saulius Simonavicius Sonya Winters Karin Mueller Ivey Society, Benefactor Neeta & Andrew Sarta Peter MacEwen Tanya Tay Stuart Elman Mark Richards Kevin Saskiw Other Annual Fund Eero Traagel Phillip Pon Martha & Dirk Schrader HBA 2002 Meaghan Shaw Contributions Ben Thomas Other Annual Fund Ilana Valo Anonymous Contributions 10TH REUNION SOCIAL Anonymous HBA 2008 Anonymous COMMITTEE: Kate Banting Anonymous TOTAL: $5,190 HBA 1997 Jeff Baryshnik, David Brebner, HBA 2004 Christie Bartram Charron Jenn Carkner Marc Chernoff, Pavithra PARTICIPATION: 5% CLASS AGENT: ELIZA O’NEIL CLASS AGENTS: ROZ ANGUS, Adam Bortolussi Melanie & Ted Cooper Dharwarkar, Rebecca Ivey Society, Deans’ Circle CANDICE CARSON, JENNI Helen Cai 15TH REUNION COMMITTEE: McKillican, Kim Neil, Wendy Staffen Family Andrew J Fortier DENNISTON, DAVID FRENCH Ryan Balgopal, Domenico Outram, Jason Thacker, Sabrina Ceccarelli Valerie & Bernard Foster Ivey Society, Benefactor D’Alessandro, Joseph Lo, Aleem Visram TOTAL: $1,173 Sarit Chandaria Steve Gibson Anonymous Louise Malhotra, Eliza O’Neil, FUNDRAISING COMMITTEE: PARTICIPATION: 5% Sean Dixon Lindsay Holtz Prabh Chandhoke Greg Secko Jeff Baryshnik, David Brebner, Anonymous Michelle Dunkel The Hunter Family Paul Chapman, Nick Kuzyk, TOTAL: $86,251 Anonymous Derrick Fournier Ivey Society, The First Robbie Kumer Mark Neilsen, Matt Zabloski Decade Society PARTICIPATION: 14% Lisa Bean Johnathan Gibson Lee Merovitz TOTAL: $27,989 Robert Davis Ivey Society, Founders’ Matthew Burbridge Courtney Harbin Nicole T (Piscione) Musicco PARTICIPATION: 8% Rahim Ladak Circle Bruce Dean William Hennessey Christine & David Wood Matt J Nicholls Ross Tom Ivey Society, Deans’ Circle Jennifer Denniston Amanda Hsueh Jeremy Paczuski Nick Kuzyk Ivey Society, Deans’ Circle Ebrahim El Kalza Wilson Huang Dan Shadd Ryan Finch James Guttman Simon Leith

44 — 2012 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 Anaita Bharucha HBA 2012 DBA PhD Contributions Jory Cohen Anonymous Sandra Cook TOTAL: $5,661 Ivey Society, Benefactor Ivey Society, Patron Anonymous Telha Khattak PARTICIPATION: 10% Donna & Fred Berlet Angie & Tony Francolini Jill Brush Simon Lam Ivey Society, The First Miguel Fernandez Ivey Society, Benefactor Jason Cottrell Natacha Leduc Decade Society Moffat R Hill Dr M Kathryn Brohman Anonymous Erin Dragasevich Kathleen McEwan Other Annual Fund Fraser Johnson Anonymous Sarah Draper Divya Narayanan Contributions Other Annual Fund Anonymous Adrian Gomez John Robinson Anonymous Contributions Fareen Ahmed Nathalie Hull Matthew Shalhoub Joseph Baxter Anonymous Nisha Dansingani Gregory Lindstrom Vlad Shubert Andrew Billingsley Anonymous Asif Dhanani Geoffrey McLeod David Sklash Lawrence Blaine Neil Abramson Julie Dimond Kristin Tran Lauren A Tajfel Colin Brown Sadrudin Ahmed Kathryn Estey Stephen W Wyprysky Olivia Theroux Richard Carr Henri Barki Fraser Fullard William Copping Christopher Bart Puneet Grewal Bill Davis Bill Blake HBA 2009 HBA 2011 Shaylyn Harper Donald Grossman Yolande Chan Malini Jhaver G Robert Jackson Nicholas Close CLASS AGENT: LISA KENDRICK CLASS AGENT: RYAN CHANG Sara Johnson Harvey M Lewis Rosaire Couturier TOTAL: $2,620 TOTAL: $2,771 Doria Keung LeRoy Litchfield Dr Ozhand Ganjavi PARTICIPATION: 4% PARTICIPATION: 8% Sarah Levin Mary McGee Bernard Garnier Ivey Society, The First Ivey Society, The First Nikita Maruvanda James McGinn Dr Jacques Grise Decade Society Decade Society Emily Mason Robert McLaughlin Nicole Haggerty Amy Childs Anonymous Praveer Melwani Robert L Smyth Dr Andrew Inkpen Paul Jun Himay Antani Haroon Mian Nunzio Spino Dr Guo Liang Jiang Matthew W Montemurro Ryan Chang Alexandra Milgrom Dominic Lim Other Annual Fund Joseph Cheung Tanya Moryoussef Sudha Mani Contributions Jenn Green Anonymous James Moss Dr Rebecca Grant & Dr David Hillary Gwiazda Anonymous Connor O’Brien McCutcheon Michelle Jennett Anonymous Kelly Panes Charles Mossman Peter Lee Jamie Evans Evan Reiter Rosemary Polegato Jeff Lindquist Justine Kilby Michelle Rigato Jacques Prefontaine Christopher Liscumb Catalina Lopez Sala Scarcello Elizabeth Lynde Steve Murray Nik Sereditch Adam Mutsaers Adam Pieczonka Jake Simon Lindsay Parker Scott Reaume Bryan Sinclair Laura Power Robbie Sherman Ashley Staley Robert Randall Mandy Siu Tomislav Strk Steven Robins Michael J White Dale Wang Ryan Ruppert Kristopher Wong Samantha Winkler Anthony Sabga-Aboud Brandon Wolfram Heidi Stewart John Wu Alisa Zorina HBA 2010 Michael Zsolt Other Annual Fund CLASS AGENTS: ASHLEY Contributions Other Annual Fund KENNEDY, RICHARD WONG Anonymous Contributions Anonymous TOTAL: $2,985 Meredith Bacal Anonymous PARTICIPATION: 7% Merv D’souza Sylvia Broschinski Ivey Society, The First Matthew Hyland Nikki Bryk Decade Society Christine Liu Emily Gilmour Tasom Jeong Kate McLauchlin Alyssa Kan Ted McGuinness Elijah Moore Eric Mercer Anna Quan Ernest Pang Lorna Murataj Chris Selby Johnny Paterson Christopher Scott Karen Thorne DongYue (Lucy) Song Kazi Aaquib Shams Mark Townsend Melanie Thomas Olivia Zaporzan Jon Wolkin Sydney van Delft Richard Wong Other Annual Fund Contributions Anonymous Anonymous Lauren Aitchison Amanda Armstrong

2012 ANNUAL REPORT — 45 INVESTING IN 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 & Other Annual Fund Bequests Margo & George Enns, HBA ’59 C John Schumacher, MBA ’84 In Memoriam Contributions James A Erskine, MBA ’67 William Shurniak, LLD Friends Anonymous Anonymous Brian R Foster, HBA ’75 Ronald J W Simpson, MBA ’69 and In Honour Anonymous Anonymous Ivey Society, Founders’ Morna J Fraser, MBA ’89 Susan A Carlyle & David G Gifts J Byron Adams Anonymous Stephen G Friday, MBA ’82 Southern, MBA ’86 Circle GIFTS WERE MADE IN Terra Ahrens Anonymous The Staffen Family – Anonymous Douglas Grant, MBA ’67 MEMORY OF: Rob (HBA ’80, MBA ’02), Anonymous Nigel Bellchamber Anonymous Pamela J Hollister-Graye & Sharon, Julia (HBA ’06), Caroline A Brohman, HBA ’91 Stephanie J Brooks Anonymous Mitchell T Graye, HBA ’78 The Ralph M Barford Matt (HBA ’08) & Chris Bruyere, HBA ’85 Foundation Sarah Buck Anonymous R Keith Harfield, HBA ’70 Candra (HBA ’14) Professor David G Burgoyne, Robert G Bertram Grace & Tony Chow & Anonymous Douglas P Hayhurst, HBA ’69 Carol Stephenson, O.C. HBA ’60, MBA ’65 Grandma Judy & Murray Bryant Anonymous Kathleen J & Mark E Henning, Eileen & Robert Stuebing, Gareth Coombes, HBA ’13 Rachel A J Condie MBA ’84 Richard J Currie Anonymous MBA ’74 Stephen Cuddy Jennifer Denniston Thomas P Howard, MBA ’72 Janet De Silva Anonymous Lloyd C Swift, MBA ’72 Suzanne M Curtis, HBA ’82 Kim Donovan The Late A Margaret Hughes, N Murray Edwards Anonymous Klaus H Thiel, MBA ’71 Wail H El-Awad, MBA ’02 James A Erskine HBA ’42 Peter & Shelagh Godsoe Anonymous Mary & George B Turnbull, Joanne Fleming, HBA ’85 Dr Richard & The Late William & Lynne Gray Stephen Foerster Anonymous HBA ’49 Beryl Ivey, HBA ’47 Yvon Gervais Foundation Dr Jeffrey Gandz Anonymous Sonya P Ulrich, HBA ’58 Randall Jang, MBA ’77 Alexandra J Hurst Richard M Ivey Family & Ivey Terri Garton Anonymous James A W Van Slyck, HBA ’64 Professor C B Johnston, Foundation Robert A Jennings Nicole Haggerty Anonymous Darlene Vincent, HBA ’73, HBA ’54, MBA ’57 Albert & Temmy Latner Family Carol Johnston & Family Alex & Diane Hawkins Anonymous MBA ’79 Jose Kawai, MBA ’04 Foundation Jean & James Keenleyside, Darren Henderson Anonymous William P Wilder Dr Kenneth William Lemon Claudette C MacDonald & HBA ’65 Dana James Anonymous Barbara & John F Wood, Doreen Magyar Donald J MacDonald Margaret A Kimball, HBA ’60 HBA ’64 Tammy Johnston Anonymous Dr Samuel A Martin The Jean C Monty Family Heather M Kitchen, MBA ’92 Donald P Woodley, MBA ’70 KBC Tools & Machinery ULC F Gwyer Moore, MBA ’79 & Sidney F E May, MBA ’58 The Wesley & Mary Nicol Carol & John Kittredge, Alicia Zavitz Charitable Foundation Margot Kalinowsky Diane Arsenault, MBA ’79 MBA ’71 William A McCleary, HBA ’94 Michael Phelps Alan Keeso Neil M Armstrong, HBA ’49 Louis Lagassé, MBA ’73 Dr Al Mikalachki, Hartley & Heather Richardson The King Family David B Auld, MBA ’83 Douglas M Lambert, MBA ’60, PhD ’64 Barbara & Cedric Ritchie Brian Kusisto The Late Edward G Aust, HBA ’69 MBA ’71 David J Smith, MBA ’86 HBA ’38 William Shurniak Shahnaz Lakhani Christopher H Lang, HBA ’64 Garth Wilby, HBA ’60 William E & Deborah A Aziz, Carol Stephenson, O.C. David Luder The Late Honor F E Lemon HBA ’79 Christine & David Wood Meaghan & Shaun Andrew G Lonseth, MBA ’80 Walter R Badun, DBA ’55, Maura E Pare David K Lowry, HBA ’64 GIFTS WERE MADE IN W C Wood Foundation MBA ’57 Katie Shapiro Duncan P Macgregor, HBA ’64 HONOUR OF: Ivey Society, Deans’ Circle Dr Ralph M Barford, LLD Louise Spencer A MacDiarmid, HBA ’74 Professor David S R Leighton, Alta-Fab Structures Ltd Gerald Beasley, MBA ’68 MBA ’62 Mr & Mrs Christopher Sturby Robert J McConnachie, MBA ’91 Connie Clerici & Israel Mendez The Late Marguerite and Frank Carol M Stephenson, O.C. Mary Townshend Bessent, HBA ’47 The Late Samuel W McCoy, Deborah Barrett & Jim Leech Professor Donald H Thain, Paul Valentine HBA ’51 Michiel Leenders G R (Bob) Blake, HBA ’46 MBA ’62 Lynne & Paul McCrea, MBA ’60 Brad Meredith Dora Vitu Dr Leslie Bowd, MBA ’83 Steve McDonald, MBA ’83 The Peter and Melanie Munk Mary Weil Susan & John Bowey, MBA ’73 Marion & Donald McDougall, Foundation Mark Wolfe & Loretta Perrie Tom Brent, HBA ’59 MBA ’61 Douglas G Brock, MBA ’61 Ivey Society, Patron David R McGregor, MBA ’86 Tania Martin & Stephen Dowd Robert Brooks, MBA ’68 Donald McIntosh, MBA ’58 Eric Morse Charles W Brown, MBA ’83 The Late Robert D McMurdo Hank Vander Laan Geoff & Nancy Browne, Mona & Keith Munro, HBA ’64 HBA ’77 Ivey Society, Benefactor Rosemary (Schauf) Pahl, Heather & Neil Campbell, Anonymous MBA ’71 HBA ’82 Kelly Cole The Late Dr R Allan Patterson, Wendy Carriere, MBA ’83 Aindrea Cramp MBA ’67 Gaylanne Phelan & The Late The Cuddy Family The Late Lloyd J Raney, HBA ’56 Richard H Chenoweth, Barbara & Andrew Grindlay MBA ’78 Douglas M Reid, HBA ’58 Alan R Hibben Linda & Randall Craig, HBA ’86 Catherine Paquet & Pierre Rivard, MBA ’83 Mike Jacobs Marie-Anne Desjardins, Fraser Johnson MBA ’98 Thomas J Pressello, HBA ’92 Roberta MacGillivray The Late Deborah DesRivieres, Dr Sherry L Price, MBA ’73 George & Lindy Small MBA ’82 J Wayne Rogers, HBA ’72 Foundation William A Saunders, MBA ’56 Stewart Thornhill Cathy Vitkauskas

46 — 2012 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 KingSett Capital Inc. Robarts Research Institute Matching Gifts LoyaltyOne Roland Berger Strategy $250,000 to $499,999 Manulife Financial Consultants Matching Gift Companies The Globe & Mail Corporation S C Johnson & Son Inc Adobe Corporation Suncor Energy Inc McKinsey & Company SECOR Consulting AllianceBernstein Holding LP $100,000 to $249,999 Maple Leaf Foods Inc Soberman LLP BASF Canada Inc BMO Financial Group Morgan Stanley Canada Ltd Stacey Muirhead Capital Bell Canada CIBC Morneau Shepell Management BMO Financial Group Eli Lilly Canada Inc National Bank Financial Target Canada BP Canada Inc Hewlett-Packard Company Markets The Boiler Inspection and Celestica Inc Insurance Company of ING DIRECT Pelmorex Media Inc Cenovus Energy Canada Loblaw Companies Limited Polar Securities Inc Chevron U S A Inc Unilever Canada Mihealth Global Systems Inc Research In Motion EnCana Corporation University of Windsor Great-West Life, London Life & Roche Canada Ericsson Corporation Western University Canada Life ShawCor Ltd Ernst & Young Scotiabank Southwest Sun Inc Fairfax Financial Holdings TD Bank Group TDL Group Limited Limited $50,000 to $99,999 Teck Resources Limited General Electric Canada Inc Farm Credit Canada TELUS Corporation General Mills Green Shield Canada Tembec Inc GlaxoSmithKline Canada Inc KPMG Enterprise Other Annual Fund Goldman, Sachs & Co. Medtronic of Canada Ltd Contributions Google Ontario Genomics Institute 3M Canada Company Hershey Canada Inc RBC Foundation AltaGas Ltd Honeywell Hometown ARC Financial Corporation Solutions $25,000 to $49,999 IBM Canada Accenture Inc Automotive Industry Association of Canada ING DIRECT Birch Hill Equity Partners Canada’s Venture Capital & Investors Group Inc Certified General Accountants Private Equity Association of Ontario Ivanhoe-Cambridge Canadian Association of Deloitte JPMorgan Chase & Co. Petroleum Producers IBK Capital Corp KPMG Foundation Cement Association of Canada IBM Canada Ltd Labatt-Interbrew North Cineplex Entertainment LP America Mackenzie Financial City of London Corporation Marsh Canada Limited Cuddy Foods Limited PricewaterhouseCoopers LLP McDonalds Restaurants of Cushman & Wakefield Ltd Canada Limited RBC Capital Markets Empire Life Investments Inc MMC Matching Gifts Program $10,000 to $24,999 Federation of Chinese Nexen Inc Anonymous Canadian Professionals PepsiCo Foundation Anonymous (Ontario) Education Procter & Gamble Fund Anonymous Foundation Steelcase Foundation Aecon Group Inc First Generation Capital Inc TELUS Corporation Aimia Inc Food & Consumer Products The Standard Barrick Gold Corporation of Canada Tudor Investment Corporation BC Hydro General Electric Canada Inc UBS Bank (Canada) Bell Canada General Mills Canada Inc Ultramar Ltd Blake Cassels & Graydon LLP Gloveslap.com Union Gas Limited Boston Consulting Group of Harry Rosen Inc Canada Ltd Hotel Association of Canada Wal-Mart Stores Canadian Natural Resources ITAC Wells Fargo Foundation Limited Jag & Company Ltd Xerox Foundation Canadian Pacific Kraft Canada Inc Ernst & Young Toronto Level5 Inc FirstService Corporation LifeLabs Goldman, Sachs & Co. Lone Star Group of Companies Holcim (Canada) Inc Mattamy Homes Limited HSBC Bank Canada OMERS Imperial Capital Group Ontario Teachers’ Pension Plan Institute for Health System Pomerleau Inc Sustainability Purolator Inc

2012 ANNUAL REPORT — 47 Focus TOMORROW Momentum

Only after looking back and taking stock of where you’ve been can you effectively plan your future path. For Ivey, we’ve spent the past few years restructuring our approach to business learning to ensure each graduate leaves with an unparalleled education. This is the Ivey Difference, and it’s what keeps our institution on the forefront of innovation and forward thinking. In terms of education, it is the only relevant place to be. It is here, standing on the cusp of tomorrow as one of the top business schools in the world today, that we can plan our future – which promises to be bold, brave and, above all, bright.

48 — 2012 ANNUAL REPORT PHASE 2 Grand Opening Fa l l 2013

Ivey’s new building edged closer to the final stretch throughout 2012.

In July, the removal of the huge tower crane that had been on site since the start of construction marked a major milestone on the road to completion. Most importantly, it signalled completion of major construction components and the ability to begin using the building for classes and community functions. The Grand Hall and new 640-seat auditorium got a test drive at events such as Homecoming, a Ring Tradition Ceremony and the Dean’s Winter Social, and the classrooms were used for the MSc program and some MBA electives. Construction turned toward the library, dining pavilion and interiors of offices and classrooms at the end of the year. Students, faculty and staff are now looking forward to the final migration to the new building in time for its grand opening in September 2013.

2012 ANNUAL REPORT — 49 YEAR IN REVIEW

Ivey partners with Management MAY Development Institute (MDI) Gurgaon 2012 Ivey taps army for team-building Dean Stephenson signed an MoU on February 22 with practices MDI Gurgaon to develop India-focused business cases Lieutenant General Russel L. Honoré shared the U.S. and create new opportunities for research projects Highlights Army’s best practices for collaboration, team-building and exchanges. and decision-making at the Collaboration: Living Together, Working Together, Achieving Together conference at Ivey. Honoré led the U.S. Department JANUARY MARCH of Defense’s response to Hurricane Katrina. Students meet Oracle of Omaha  Suncor gift puts eye on energy Ivey students received advice from investor wizard The Ivey Energy Policy and Management Centre Warren Buffett during a trip to his business launched a five-year program focused on energy headquarters in Nebraska. Organized by Professor policy research and national and global energy issues, George Athanassakos, who holds the Ben Graham thanks to a $1.125-million gift from the Suncor Energy Chair in Value Investing, the visit included a tour, Foundation. Part of the gift supported a new Suncor private question-and-answer session and lunch with Chair in Energy Policy at Ivey, which is held by Ivey the famous “Oracle of Omaha.” Associate Professor Guy Holburn, who is director of the Centre.

World Economic Forum gains Ivey voice  As part of the Global Shapers group, HBA student Danish Ajmeri lent his views on global economic issues JUNE to the World Economic Forum’s summit in Switzerland. At age 20, he was the youngest participant in the elite group of business leaders, politicians and intellectuals.

James C. Taylor Lecture – What lies ahead for the global economy

Sharing insights from his experiences at the MBAs make impact on London heart of the 2008–09 financial crisis, Paul Whether cooking, cleaning or offering free business Jenkins gave Ivey students a long-term look advice, 150 MBAs gave back to the London community Ivey graduates honoured at economic recovery, speaking at the James for the inaugural Ivey Impact Day. by Western C. Taylor Distinguished Lecture in Finance. Two Ivey graduates were honoured at Western Jenkins is the former Senior Deputy Governor convocation ceremonies in June. George Cope, of the Bank of Canada. APRIL HBA ’84, President and Chief Executive Officer Prem Watsa receives honorary degree of Bell Canada and BCE Inc., received an Prem Watsa, MBA ’74, Chair and CEO of Fairfax honorary degree from Western University at Financial Holdings Ltd., received an honorary degree the HBA ceremony on June 19. Paul Hill, MBA FEBRUARY from Western University at the joint MBA/EMBA ’69, President and CEO of The Hill Companies, Student wins green challenge convocation ceremony on April 4. also received an honorary degree at the King’s University College and the School of Graduate PhD student Mark DesJardine moved one degree & Postdoctoral Studies ceremony on June 12. closer to bringing his sustainable business idea Ivey gets nod from to life after taking second prize in the Walmart European Quality Green Student Challenge in Toronto. DesJardine’s AEOs make Top 20 Under 20™ list winning idea, One Degree, encourages businesses Improvement System Two up-and-coming Ivey students, Kelly Lovell to permanently adjust their buildings’ temperatures and Jaxson Khan, were named to Canada’s Top 20 one degree Celsius closer to the natural outdoor (EQUIS) Under 20 list for their innovation, leadership and temperature. Ivey’s superior reputation, both within achievement. The students have been accepted to Adventures in Honduras  Canada and internationally, helped it to win Ivey with the Advanced Entry Opportunity status. As part of Ivey’s new Honduras Study Trip, 30 students reaccreditation from EQUIS for a five-year volunteered with a Microfinance Brigade and provided period. EQUIS accreditation highlights the extraordinary quality of all Ivey programs – free consulting to the Caja Rural community bank JULY in Honduras. HBA, MSc, MBA, EMBA, PhD and Executive Development – and activities, such as research McKinsey case competition tests finance and community outreach. and strategy skills MBA students Chris Goulakos, Deepak Malik, Kristian Medri, Edouard Morin, Chris Norwood and Tim Ben Graham Centre hosts value Reeve-Newson won a case competition sponsored investing conference by McKinsey & Company. The competition involved Lauren Templeton, great-niece of renowned value three rounds of case presentations showcasing investor Sir John Templeton, shared lessons from her operations, finance and strategy knowledge, and was famous relative at The Ben Graham Centre’s 2012 judged by faculty and alumni volunteers. Value Investing Conference in Toronto.

50 — 2012 ANNUAL REPORT Donald L. Triggs Lecture – Getting personal about The War for Talent health care

in China The Ivey International Centre for Health Jan De Silva, EMBA ’94, Associate Dean of Ivey Innovation launched a new white paper Asia, shared insights on the war for talent in showing Canada’s health care system could China at the annual Donald L. Triggs Lecture in be improved by a more collaborative and International Business in Vancouver. De Silva personalized approach. The research was discussed how China’s population growth, released at the 2012 Ivey Global Health urbanization and growing middle class are Conference, which brought together some EMBAs raise roof on creating a consumer market opportunity for of the world’s top leaders for two days of Habitat for Humanity home Chinese, Asian and Western companies. discussion and debate on global health care. The 2012 EMBA class literally built a lasting legacy for a Toronto family. The class raised $100,000 to support a Habitat for Humanity home and students donned hardhats and OCTOBER DECEMBER coveralls to participate in its construction. Leadership lessons from Borneo Sustainability guide released Leadership lessons can come from surprising places – The Network for Business Sustainability released even the jungle in Borneo. Speaking about her Innovating for Sustainability: A Guide for Executives, experiences with the Canadian team that competed a report that outlines 39 ways businesses can AUGUST in the 2000 Eco-Challenge in Borneo, Yvonne Camus become more sustainable, from selling garbage to implementing car- and bike-sharing services. Based Shad Valley comes to Ivey inspired Ivey students to push beyond their physical and emotional limits. on a review of more than 127 studies from the last Thirty high-school students from across Canada 20 years, the report also includes a three-stage were introduced to business and the Ivey case study framework for business leaders to assess their progress. method of teaching during the first annual Shad Valley summer enrichment program in London. The students sampled parts of the HBA curriculum and participated in a creativity challenge during the week- CAROL STEPHENSON long event.

SEPTEMBER

Ivey Business Leader Award – Rick George honoured  Rick George, former Chief Executive Officer, Suncor Energy Inc., received the 2012 Ivey Business Leader Award for his career achievements and leadership in growing Canada’s largest energy company.

NOVEMBER

Alumni reunite at Homecoming  Banner year for Ivey Dean More than 1,000 alumni and guests were reunited during Homecoming festivities at Ivey’s new building. The accolades kept coming for Dean Carol Among them was Dick Ivey, HBA ’47, who was on Stephenson, who received three prestigious campus for his class’ 65th anniversary and the Richard Global Ivey Day has awards in 2012. Stephenson received the G. Ivey Speaker Series, which honours his father. This worldwide reach Queen Elizabeth II Diamond Jubilee Medal at a year’s Ivey Distinguished Service Award recipients reception on June 10 to recognize her leadership were Darin Deschamps, HBA ’87; Tim Hockey, MBA With more than 45 events enjoyed by 1,500 in Canada. Her contributions to the London ’97; Richard Ivey, HBA ’72; and Pierre Morrissette, MBA alumni and friends in 33 cities worldwide – community were also honoured through her ’72. The Alumni Faculty Service Award recipient was including first-time celebrations in Buenos induction into the London & District Business David Conklin. Aires, San Diego and the Bahamas – the 2012 Hall of Fameon October 25. And she and Sylvia Global Ivey Day kicked off with a worldly beat. Chrominska, HBA ’75, Scotiabank, Global Human J.J. Wettlaufer Lecture – Passion Prevails This year’s Emerging Leaders Awards recipients Resources and Communications Group Head, Eden Full inspired Ivey students to follow their passion were Jory Cohen, HBA ’10; Scott Friedmann, were named to the Top 25 Women of Influence for making a difference in people’s lives at the HBA ’95; Ben Lu, MBA ’01; Rahim Fazal, MBA ’06; list, which celebrates women leaders with J.J. Wettlaufer Distinguished Visitor Lecture Series. Chris Janssen, HBA ’13; and Nicole Haggerty, unparalleled reach and influence. Carol was also Full is founder of Roseicollis Technologies Inc., which HBA ’89, PhD ’04. named as its 2012 Canadian diversity champion. brings solar energy to developing countries.

2012 ANNUAL REPORT — 51 Ivey Business School 1151 Richmond Street London, Ontario N6A 3K7

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52 — 2012 ANNUAL REPORT