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2011 ANNUAL REPORT Forward Momentum BUSINESS COUNCIL of BRITISH COLUMBIA: WHERE LEADERS MEET to UNLOCK BRITISH COLUMBIA’S FULL POTENTIAL

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2011 ANNUAL REPORT Forward Momentum BUSINESS COUNCIL of BRITISH COLUMBIA: WHERE LEADERS MEET to UNLOCK BRITISH COLUMBIA’S FULL POTENTIAL WHERE LEADERS MEET TO UNLOCK BC’S FULL POTENTIAL 2011 ANNUAL REPORT Forward Momentum BUSINESS COUNCIL OF BRITISH COLUMBIA: WHERE LEADERS MEET TO UNLOCK BRITISH COLUMBIA’S FULL POTENTIAL OUR MISSION Policy: We are the preeminent source for exceptional economic and public policy development that creates the environment for investment, growth and a competi- tive economy Leadership: We are the non-partisan catalysts that convene our members and all government decision makers to collaboratively address problems and develop and implements policy solutions that grow the economy sustainably Advocates: With informed positions and the creditability of our membership, we are proactive and persistent advocates on the need for a competitive, growing and vibrant economy that attracts investment to meet our full potential Membership: We are funded and informed by an engaged membership of leading companies in every key sector of the economy, committed to growing the province Business Council of British Columbia 2011 ANNUAL REPORT 2 TABLE OF CONTENTS MESSAGE FROM THE CHAIR � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 4 MESSAGE FROM THE PRESIDENT � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 6 2011 YEAR IN REVIEW: ADVOCACY � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 9 EVENTS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 15 COMMUNICATIONS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 16 ADDITIONAL SERVICES � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 17 ADVISORY GROUPS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 18 MEMBERS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 20 2011 EXECUTIVE COMMITTEE � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 25 2011 BOARD OF GOVERNORS � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 26 COUNCIL STAFF � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 29 3 Business Council of British Columbia 2011 ANNUAL REPORT MESSAGE FROM THE CHAIR Unlocking BC’s Potential When I was fortunate enough to become the chair Over the last four years, we have hosted numerous of the Business Council four years ago, little did dignitaries, political, business and thought leaders I know the excitement, recession, sadness and and engaged frequently in policy work with all change ahead – not just for the Council, but our levels of government. The insights we have gained province and the global economy. Despite some collectively and the policy we have developed, uncertain times for all of us, I can truly say upon has found its way into the statutory framework reflection that it has been a privilege to serve as of our province and country, making us more the chair of this important organization dedicated competitive to face the new global realities of through its diverse membership and committed today and tomorrow. staff to our vision of Unlocking BC’s Full Potential. Most recently we have looked to the future by Since 2008, we have made significant launching the Next Leaders Council to reach out achievements; looking ahead, the sense of and engage those future leaders that will sustain opportunity before us to move our province BC and Canada’s prosperity as the baby boom forward, during a time of global and generational generation moves into retirement. We also transformation, is palpable within our membership recognized the dramatic shift in global economic and the organization as a whole. balance that will see Asia represent 50 percent of the world’s GDP by 2020 through September’s Some of the key aspects that have been conference, British Columbia’s Gateway: Realizing instrumental in building our organization’s Canada’s Asia Pacific Opportunity. Despite some momentum during my tenure, started with our ground breaking work entitled, Investing Today While great impact and progress was made uncertain times for Tomorrow: Corporate Social Responsibility in through these and many other activities, advocacy for all of us, I can BC – featuring an insightful interview with former and ideas, sadly during my tenure, we also lost truly say that President Bill Clinton and local mining executive our dear friend Virginia Greene. A true British it has been a and philanthropist Frank Giustra. Columbian in the spirit of what the Business Council and our membership stands for… making privilege to serve This was followed by a significant visionary piece a difference and realizing our full potential. as the chair of of work under the banner of Outlook 2020: this important Shaping BC’s Economic Future, which developed Operationally, we also transitioned to new and canvassed 28 topics in order to lay out a social leadership and restored a solid financial and organization, and economic agenda for British Columbia over operating foundation to the Business Council. I dedicated to the next decade, as a small open market trading am pleased to report we are soundly growing as our vision of jurisdiction. an organization, which is no small feat given the Unlocking BC’s Full Potential Business Council of British Columbia 2011 ANNUAL REPORT 4 Since 2008, we have made significant achievements; looking ahead, the sense of opportunity before us to move our province forward during a time of global and generational transformation is palpable within last several years of economic uncertainty. This members, and the many partners and sponsors for our membership can be attributed to the work of our executive their countless hours and unselfish contribution and membership committees, our staff and the of their resources, experience and perspective and organization commitment of our members who have worked towards making British Columbia a better place to as a whole tirelessly to position us for success. invest, learn, work and live. On that note, I want to thank the team at the Business Council that is, in my opinion, without Thank you, parallel among business organizations in Western Canada. They undertake high quality, insightful work that is thought provoking and extensive in its ability to engage thought leaders, affect public policy and the business environment Graham MacLachlan both provincially and nationally. This is made all Chair the better by an actively engaged membership who are instrumental in adding perspective and credibility to our work, and provide substance to the claim that the Business Council is the place where leaders meet to unlock BC’s full potential. To each of our members, thank you! Lastly, I wish to thank our Executive Committee, Board of Governors, our active committee 5 Business Council of British Columbia 2011 ANNUAL REPORT MESSAGE FROM THE PRESIDENT Some see private enterprise as a predatory target to be shot, others as a cow to be milked, but few are those who see it as a sturdy horse pulling the wagon. —WINSTON CHURCHILL Specifically, the membership of the Business Council has been exceptional at engaging and supporting our organization to be effective on the things that count. Our members continue to provide a collaborative non-partisan approach to advance the ideas and actions to sustainably grow a thriving private sector to the benefit of all British Columbians. This work has been based on a new strategic plan, supported by a 22% reduction in costs which freed up resources to be reinvested in key tools and talented people to add value and advance our BCBC’s results, which members’ interests. The results, which continue continue to gather It is perhaps reassuring and at the same time to gather momentum, have built on our long momentum, have built disconcerting to realize that over 70 years have standing reputation as the organization in western passed since Churchill’s observation and little on our longstanding Canada to engage all levels of government in seems to have changed. Reassuring, in that British reputation as the order to develop and advocate for good public Columbia is not the only jurisdiction to experience policy that supports a robust, innovative and organization in these perspectives…often in the same week. competitive economy. western Canada to Disturbing, in that there is so much to do within engage all levels the business community to engage the public and Whether through the work of our Environment of government in thought leaders as to the benefits that come from or Employee Relations Committees or the a strong, competitive and growing private sector. order to develop and establishment of new committees focused on Indeed, a healthy business sector is essential to Energy, Innovation, Competitiveness, Aboriginal advocate for good the shared prosperity of our citizens. Affairs or Human Capital, we have actively public policy that contributed to shaping the modernization of both Over the last year, my first as CEO and our 45th supports a robust, federal and provincial strategy and legislation to as an organization, the Business Council has been create the solid foundation necessary to attract innovative and singularly focused on the opportunities to unlock capital and skilled
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