FEI CANADA 2011 ANNUAL REPORT

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FEI CANADA 2011 ANNUAL REPORT new accounting standard, some of our members are itching to get on the next conference call to get their two cents in. Tyrone Cotie, our recent CCR chair, has enjoyed discussing our perspectives with senior AcSB and OSC officials. We were also again invited this past year to present our views to the Finance Committee of the House of Commons. As Vancouver member and incoming national vice-chair Lisa Dorian puts it: “You get to make a difference.” • MEMBERS GET OUT OF IT WHAT THEY PUT IN: We would like to take this opportunity to thank FEI Canada’s volunteer leadership, the more than 200 members who contribute to our committees and chapter boards and make up about 10% of our membership. They dedicate hours of time to helping their fellow members have a great experience with our association, and we can’t thank them enough. A special thank you goes out to our retiring directors: former CCR Chair, Tyrone Cotie; Conference Chair Louis O’Brien; Susan Nemec; Jim Fergusson; and our Immediate Past Chair, Karyn Brooks. Karyn is a notable example of a person who exemplifies volunteer leadership. She has become one of Canada’s foremost experts in accounting standards. She has represented FEI Canada admirably on various bodies, most notably the IASB’s IFRS Council. We were lucky that Karyn discovered FEI Canada in 1997, beginning with our Committee on Corporate Reporting, through Harry Schaefer, her long term mentor and former boss at TransCanada (and himself a Capon award winner). We would like to encourage all veteran FEI Canada members to get the best and brightest of the next generation of financial leaders involved in FEI Canada’s activities. Another way we seek input from members is through surveys we conduct for our research studies. One interesting study we conducted this year, “Beyond the numbers: The evolving leadership role of the CFO”, found that financial executives are being asked to do a lot more than number- / 4
MESSAGE FROM THE CHIEF EXECUTIVE & THE CHAIR OF THE BOARD OF DIRECTORS crunching these days. As strategic players who are trusted sources of information and advice for their colleagues and board members, CFOs need to be able to think strategically and communicate clearly. They need to understand all aspects of the business from the ground up, and even deal with customers and suppliers. As a result of this research, we’ll also be looking for your input on a new project we have on the go. Given that our recent CFERF study indicated that the traditional CFO skill set has not quite kept pace with their evolving roles, we are studying how we can best assist financial leaders with their learning and development. We’ll keep you posted on what the results of the feasibility study indicate. If you have any thoughts on this project, please feel free to contact either of us directly. Sincerely, Michael Conway, CA, ICD.D Chief Executive and National President Louis Marcotte, FCA Chair, 2010-2011 Board of Directors / 5
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Page 3 and 4: TABLE OF CONTENTS Message from the
Page 5: MESSAGE FROM THE CHIEF EXECUTIVE &
Page 9 and 10: STRATEGIC UPDATE - YEAR IN REVIEW T
Page 11 and 12: STRATEGIC UPDATE - YEAR IN REVIEW
Page 13 and 14: STRATEGIC UPDATE - YEAR IN REVIEW T
Page 19 and 20: STRATEGIC UPDATE - YEAR IN REVIEW E
Page 21 and 22: STRATEGIC UPDATE - YEAR IN REVIEW F
Page 23 and 24: STRATEGIC UPDATE - YEAR IN REVIEW W
Page 25 and 26: FINANCIAL PERFORMANCE REVIEW KEY PE
Page 27 and 28: FINANCIAL PERFORMANCE REVIEW REVENU
Page 29 and 30: FINANCIAL PERFORMANCE REVIEW EXPENS
Page 31 and 32: FEI CANADA SUMMARY FINANCIAL STATEM
Page 37 and 38: FEI CANADA CELEBRATES ITS VOLUNTEER
Page 45 and 46: THE CANADIAN FINANCIAL EXECUTIVES R
Page 47 and 48: NATIONAL STRATEGIC PARTNERS / 45
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FEI CANADA 2011 ANNUAL REPORT

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