annual report 2 - Queen's School of Business - Queen's University

One of the most encouraging and gratifying things aboutbeing Dean is meeting with our alumni to hear storiesabout their time at Queen’s School of Business, as well astheir ideas, suggestions and advice on the School’s future.This year I’ve had many of these conversations with alumnifrom coast-to-coast and around the world, and two commentshave emerged consistently: first, that we have largely achievedour goal of being Canada’s pre-eminent business school (butwe shouldn’t rest on our laurels!); second, that it’s time weaspire to even loftier success on the international stage.Here at home, Queen’s continues to shine, thanks to ourconsistently remarkable students, outstanding faculty and anextraordinarily loyal base of alumni and friends. While theeconomic uncertainty that is being felt from Bay Street toMain Street had a slight cooling effect on donations, theoverall level of generosity and commitment towards theSchool continues to be nothing short of inspiring. (JohnSee’s message on page 24 provides more on this, as do thedonor vignettes starting on page 30.) Given that 90% of theSchool’s funding comes from a combination of tuition,endowment and fundraising, this level of support is crucial,and we extend our heartfelt gratitude.Internationally, the School’s profile and recognition continueto grow. Our partnerships with 71 prestigious business schoolsaround the world enable our students to enrich their degree –and life – experience through exchanges that expose them to newcultures, new career contacts, and newways of doing business. Similarly, themany international exchange students whospend time at Queen’s add a remarkableperspective in our classrooms. Forgingnew, mutually beneficial internationalpartnerships continues to be a priority.During a year when many universities and faculties cut back,we continued to invest in research and teaching, welcomingten new faculty members hailing from seven different countries.Across the board, our increasingly multicultural faculty teamregularly collaborates on research and new teaching methodswith colleagues from around the world.In the year ahead, we look forward to keeping you updatedon the progress of the Goodes Hall expansion and our otherinitiatives in Canada, as well as our international achievementsand milestones.Thank you very much for your ongoing confidence, commitmentand engagement. We value your input, and I welcome you to contactme directly at dsaunders@business.queensu.ca if you haveany questions, comments or advice.David M. Saunders, PhDDean, Queen’s School of Business

CONTENTSACADEMIC EXCELLENCE3 Commerce6 MBA Programs9 Graduate Programs11 Research12 Queen’s ExecutiveDevelopment Centre13 FacultyCENTRES OF INNOVATION16 Queen’s School of BusinessCentre for Corporate SocialResponsibility16 Queen’s ExecutiveDecision Centre17 CA-Queen’s Centre forGovernance17 Queen’s School of BusinessCentre for Business Venturing18 Queen’s Business Consulting18 The Monieson CentreGLOBAL PRESENCE20 Dual Degree Programs20 International Exchangesand Learning Opportunities21 International Partners22 International Perspective22 International Reach22 International AccreditationsFINANCIAL REPORT23 Statement of Sourcesand UsesCONTRIBUTORS REPORT25 Highlights of Giving26 Lifetime Giving27 Individual Donors32 Corporate Donors34 Annual Giving35 Commerce Giving41 MBA, MSc & PhD Giving42 Corporate Giving44 Class Gifts49 Matching Gifts50 Gifts from Friends52 Alumni Volunteers57 Giving Made Easy58 Alumni Connections60 QSB Advisory BoardOUR MISSIONTo develop outstanding leaders with a global perspective, andcreate new knowledge that advances business and society.OUR VISIONTo be one of the world’s most innovative and influential business schools.1

AcademicExcellence22

ACADEMIC EXCELLENCECommerceQueen’s Commerce program celebrates its 90th anniversary in 2009,continuing its long and distinguished tradition as Canada’s firstundergraduate business degree program. It attracts the top studentsfrom all 10 provinces and more than 20 different countries, whilemaintaining the highest entrance standards of any Canadianbusiness school.The four-year honours program balances a solid core ofbusiness courses with a breadth of arts and sciences electives,international study experiences and leadership developmentopportunities. The program’s high calibre graduates are eagerlysought out by leading Canadian and international corporationsand public sector organizations that compete to hire them (seejob placement statistics on page 5). More than 6,000 alumniworldwide have gone on to successful careers in such areas asmanagement consulting, accounting, finance, marketing,human resources and entrepreneurship, among many others.In addition to receiving a well-rounded business education,Queen’s Commerce students have abundant opportunities toparticipate in student-run organizations and events, including15 conferences and competitions and a host of extracurricularactivities. The program boasts the highest rate of studentinvolvement in extracurricular activities and the largestundergraduate student government, the Commerce Society.International exposure is another distinguishing featureof the program. In 2008-09, 75% of third-year studentselected to participate in the School’s international exchanges– the highest participation rate in Canada in an optionalinternational exchange program. Scholarships are availableto assist students who might otherwise be unable to studyabroad at any one of 71 partner universities (see list on page21). Students who don’t go on exchange still benefit fromexposure to the international students who come to Canadato study at QSB on exchange – 258 did so last year.3

ACADEMIC EXCELLENCECommerce2008/2009 MILESTONES• The Commerce program received 4,000 applications forSept. 2009 entrance.• Outstanding results for the Commerce program were reportedin the Queen’s Exit Poll, which surveys graduating students ontheir levels of satisfaction with their Queen’s experience. Thesescores were higher than virtually any other faculty at Queen’s,with 91% of BCom’08 respondents strongly agreeing or agreeingthat “Overall, my experience as a student at Queen’s was excellent.”• A total of 226 students in all four years of the program performedover 3,000 hours of volunteer outreach activities in 2008/2009as part of the Certificate in Corporate Social Responsibilityprogram. Certificates were awarded to 28 graduating students andseven students participated in the National Mentoring Programsponsored by Molson. New courses in CSR and sustainabilitywere introduced into the Commerce curriculum.• Commerce student teams placed first in the University of AlbertaForepoint Marketing Competition for the second year in a row.A second place finish was recorded at the Dalhousie BusinessEthics Case Competition while third place honours were collectedat the University of Ottawa Accounting Competition and RyersonFinance Competition respectively.• Incoming Student Summer Orientation Sessions providedvaluable information to students and their families as studentsprepared to start first year.• An expanded program of workshops in such areas as IntegratedCommunications Skills Development and Learning Strategiesprovided students with the tools necessary to succeed in theprogram.Commerce at a glance• 320 students admitted per year – 1,247 Commercestudents across all four years of the program• 50:50 male to female ratio• 15 student-run conferences and case competitions(see complete list at comsoc.queensu.ca)• Internal tracking of Queen’s accounting graduates shows anaverage 92% pass rate on the UFE (Chartered Accountantsexam) over the past three years for first-time writersCommerce Class of 2009Academic and ExtracurricularAwardsMedal in Commerce and R.G.H. Smails Prize for higheststanding in classXiaoyue (Sam) GuoW.G. Leonard Award for taxation and Thomas A. MarshallScholarship for management accountingShelley MartinD.D. (Danny) Monieson Undergraduate Scholarship forperforming arts/academic achievementEmily ChambersThe Richard J. Hand Commerce Award forleadership/academic excellenceJodie WhelanRoss W. Nicol Memorial Scholarship for financeRussell CollinsStern Cohen Chartered Accountants and BusinessAdvisors Award for finance/accountingIvayla DingilovaTom Burns Commerce Prize in International BusinessKyle JonesBCom’74 Award for non-athletic, non-academiccontribution to the graduating classMatthew PriceBCom’96 Award for class spiritDavid GiglioIndustrial Relations PrizeAmanda Ratz4

PLACEMENT STATISTICS – Class of 2008In 2008, 253 students graduated from the Queen’s Commerce program. Of these, 20% havedecided to continue their education or postponed their job search in order to travel. Of thosegraduates who elected to seek employment at graduation, 93% had found career-quality jobswithin five months of graduation. This is very much in line with historical experience.Percentage of graduates placed within 5 months 93%Percentage Placed in Canada 94%Percentage Placed Outside of Canada 6%Placement LocationsCanadaCornerbrook, NewfoundlandMontréal, QuébecOttawa, OntarioKingston, OntarioToronto, Ontario (GTA)Brampton, OntarioLondon, OntarioRegina, SaskatchewanCalgary, AlbertaLake Louise, AlbertaVancouver, British ColumbiaVictoria, British ColumbiaInternationalJapanHong KongChinaUKUSASalary InformationAverage Starting Salary $ 52,668Median Starting Salary $ 50,000Highest Starting Salary $ 93,500Average Base Salary by SectorInvestment Banking $70,403Finance $49,771Accounting $44,350Management Consulting $63,123Marketing, Sales, Advertising $53,048Other $47,077Placement by SectorAccounting 26%Finance 20%Marketing, Sales, Advertising 19%Other 13%Management Consulting 12%Investment Banking 10%5

ACADEMIC EXCELLENCEMBA ProgramsQueen’s School of Business offers four distinct MBA programs, each designed to meetthe unique requirements of a different segment of the population interested in furtheringtheir careers by attaining this highly-prized degree.FULL-TIME MBA• A 12-month program offered on campus in Kingston anddesigned for people with an undergraduate degree and atleast two years of relevant work experience.EXECUTIVE MBA• Offered over a 15-month period, enabling participants toearn a Queen’s MBA while they continue to work.• Queen’s Executive MBA National program is deliveredthrough a combination of on-campus sessions, whichaccount for 45% of class time, and multi-point, interactivevideoconference sessions broadcast to Boardroom LearningCentres across the country.• Queen’s Executive MBA Ottawa program is delivered duringweekend classes held in Ottawa.CORNELL-QUEEN’S EXECUTIVE MBA• Participants earn both a Cornell MBA and a Queen’sMBA in 18 months while they continue to work incities across Canada and the U.S. On-campussessions at Queen’s and Cornell account for about40% of the class time, with the remaining timespent in Boardroom Learning Centres connectedvia interactive, multi-point videoconferences.ACCELERATED MBAFOR BUSINESS GRADUATES• Canada’s first MBA designed specifically for people withan undergraduate degree in business and at least twoyears of relevant work experience. This 12-month programis delivered through a combination of on-campus sessionsand videoconference classes across Canada, enablingparticipants to earn their degrees while continuing to work.6

2008/2009 MILESTONES• Queen’s full-time MBA students had an outstanding yearcompeting in case competitions across North America with 73%of the class of 2009 participating in one or more competitions.QSB teams earned top honours at competitions at UCLA’sAnderson School of Management, Boston University andat the IBK Capital/Ivey Business Plan Competition at UWO.Second place finishes were recorded at Carnegie Mellon’sTepper School of Business and Rotman’s Net Impact CSRCompetition at U of T, and teams placed third at ThunderbirdSchool of Management in Arizona and at York University’sSchulich School of Business.• The full-time Queen’s MBA was ranked the #1 MBA outsidethe U.S. in the influential BusinessWeek survey for thethird consecutive time in Oct. 2008.• In the second full year of operating MBA internationalexchanges, 19 full-time MBA students attended one of15 partner schools and 20 students from seven of thoseschools studied at Queen’s (see international partnerschart on page 21).• Executive MBA students from the National, Ottawa andCornell-Queen’s programs went to Shanghai in 2008 fora “Doing Business in China” module organized byCEIBS (China Europe International Business School).• “MBA for a Day” and “Women in the MBA” recruitmentevents were held in Toronto, Ottawa, Calgary andVancouver and were extremely well-received.MBA PROGRAMS AT A GLANCETotal number of applicationsfor 2009: 1,245Total number of MBA studentsenrolled in 2009: 426Male/Female ratio:74% male,26% femaleBOARDROOM LEARNING CENTRE LOCATIONS:Executive MBA National andAccelerated MBA Programs:Vancouver, Edmonton,Calgary, Toronto, Markham,Mississauga, Kingston,Montréal and OttawaCornell-Queen’s Executive MBABoardroom learning teams operate in:Canadian Cities U.S. CitiesVancouver, Calgary, Seattle, Portland,Edmonton, Toronto, NewYork,Columbus,Mississauga, Washington, Ithaca,Ottawa, Montréal Atlanta, Dallas,Houston, Salem7

ACADEMIC EXCELLENCEMBA PLACEMENT STATISTICS – Full-time MBA class of 2008Percentage of Students Placed(6 months after graduation) 93%Percentage Placed in Canada 77%Percentage Place Outside of Canada 23%Placement LocationsSalary Information*Average Starting Salary $ 80,000Median Starting Salary $ 81,000Highest Starting Salary $122,000*Includes base salary only. Does not includesigning bonuses or other forms of compensationCanadaToronto, OntarioVancouver, British ColumbiaEdmonton, AlbertaCalgary, AlbertaOttawa, OntarioWaterloo, OntarioInternationalIndiaUnited Arab EmiratesUKUSAAverage Base Salary by SectorManagement Consulting $94,500Manufacturing $80,000Finance $78,000Other $77,000High Tech/Telecom $74,500Placement by SectorFinance 35%High Tech/Telecom 25%Management Consulting 20%Other 14%Manufacturing 4%Bio-Pharma 2%MBA Class of 2009 - Academic AwardsAdam Grahn received the Medal in Business Administration for overall top academic achievement, the Elizabeth W. HandMemorial Award as the student who best demonstrated concern for the growth and welfare of all students and was also ClassValedictorian.Team 422 members, Amit Bhalla, Deepankar Dey, Lipika Sahoo, Pallavi Tripathi, Jason Vopni and Sam Wang wererecipients of the D.D.(Danny) Monieson Award for the student team which best embraced the team-learning model.Andes Tang received the Derek Russell Award for Excellence in Marketing.Carlos Midence received the Derek Russell Award for Excellence in Operations/Information Technology.Laura Murphy received the Noranda Sales Corporation/William G. Deeks Award for the student(s) with the highest standing inelective courses in strategy.Ashish Tripathi, Brian Chi, Brenna Donoghue, and Benjamin Reynolds received the Tom Burns MBA Prize in InternationalBusiness, awarded on the basis of overall academic excellence in international business core courses.8

Graduate ProgramsPhD PROGRAMQueen’s Doctoral Program in Management attractsoutstanding students from around the worldproducing the next generation of scholars,researchers and professors. Individually tailored,the PhD program comprises a series of challengingcourses, intensive research experience and thepreparation and defense of a thesis on an originaltopic. Graduates of the program – which typicallyrequires four years of full-time study to complete– are equipped with the skills and expertise to makea significant contribution in a competitive worldeconomy that increasingly values knowledge.MSc PROGRAMQueen’s Master of Science in Management is an intensive 12-monthprogram focusing on business research in one of seven fields ofstudy: accounting, finance, management information systems,marketing, organizational behaviour, management science, andmanagerial economics. Queen’s MSc provides an in-depthconceptual and empirical foundation in a chosen field, and allowsfor the pursuit of highly focused research.While the primary goal of the program is to prepare students forentry into high-quality doctoral programs, a number of graduateshave pursued consulting careers and research analyst positions.MSc alumni are contributing to the next generation of knowledgeat financial institutions, market research firms, major corporationsand public sector organizations.An increased number of students were enrolled in both the QSBMSc and PhD programs in 2008/2009, despite the ever-growingnumber of graduate programs offered in Canada.PhD/MSc programs at a glance• 54 PhD students and 20 MSc students were enrolledin 2008/2009, with 14 new PhD students and 22 MScstudents joining the programs in the fall of 2009.•116 PhD alumni and 178 MSc alumni worldwide.COUNTRIES OF ORIGIN OF CURRENT STUDENTS:Canada, China, Iran, Pakistan, Tunisia, Germany, and SwedenJob placement dataPhD 2008 graduates are employed at:HEC MontréalHong Kong University of Science and TechnologyKPMGQueen’s UniversityWilfrid Laurier UniversityMSc 2008 graduates are continuing their studies oremployed at:Communications Security Establishment CanadaDeloitteJP Morgan – Hong KongMyers Norris PennyQueen’s UniversityTD Commercial BankingYork University9

ACADEMIC EXCELLENCEQUEEN’S MASTER OF GLOBALMANAGEMENTCanada’s first-ever Master of Global Management (MGM) programwelcomed its first students in September, 2007. This 12-month,full-time program further strengthens the School’s mission toprepare future business leaders for success on an international scale.The MGM offers a comprehensive program of international businesscontent, international experience, and cross-cultural learning.Designed for people with international business aspirations andan undergraduate degree in business, the program begins and endswith four months on campus at Queen’s. In between, students studyat one of our partner universities around the world, all of whichare top-tier business schools in their own countries. (See list ofpartners, on page 21.)2008/2009 MILESTONES• The class of 2009 experienced a 38% increase in enrolmentfrom the previous year.•The popularity of the double degree option introduced in2008 with the Netherlands’ Universiteit Maastricht led to theoffering of another double degree option in 2009 with theUniversity of Mannheim in Germany.Master of Global Managementat a glanceCLASS OF 2009• 44:56 ratio of Canadian to international students• 55:45 male to female ratioCOUNTRIES OF ORIGIN:Canada, China, Germany, Netherlands, Pakistan, SingaporeJob placement data• 91% of the MGM Class of 2008 found career-qualityjobs within 6 months of graduation• 80% employed in Canada – 20% outside Canada• Average starting salary was $55,00010

ResearchQueen’s School of Business has a long and impressiverecord of innovative and high-quality research. The objectiveof our research program is to advance business and societythrough excellence in research and to improve the practice ofmanagement and leadership.Because it is a vital part of the life of the School, facultyreceive significant funding and support for their research.Faculty and graduate students benefit from a vibrant researchclimate, with stimulating interactions in frequent seminars,workshops and presentations with other faculty, graduatestudents and invited professors.Critical to the success of the research program are fundingfrom government research bodies and publication in top-tieracademic journals. Highlights for 2008/2009 include:• $750,000 in new research grant funding through theSocial Sciences and Humanities Research Council andNatural Sciences and Engineering Research Council.• 12 faculty articles were published in top tier journals in2008, with13 already published or forthcoming in 2009.Jeff McGill, Distinguished Faculty Professorin Management Science/OperationsManagement, received the QSB ResearchExcellence Award in recognition of hisresearch leadership in the study of revenuemanagement and dynamic pricing intransportation and service industries.Jeff McGill, David Saunders and Mikhail NediakMikhail Nediak was awarded the NewResearcher Achievement Award inrecognition of his operations research innew models in revenue management anddynamic pricing.Julian Barling was made a Fellow of theSociety of Industrial and OrganizationalPsychology and of the European Academyof Occupational Health Psychology, andreceived Queen’s University’s Award forExcellence in Graduate Student Supervision.Julian Barling at Fall Convocation 2008 with his wife Janice and daughter Monique11

ACADEMIC EXCELLENCEQEDCQueen’s Executive Development CentreQueen’s Executive Development Centre was created more than 25 yearsago to meet the management development needs of the global businesscommunity. Since then, more than 10,000 participants from morethan 1,500 organizations have made the Centre Canada’s largest andmost respected centre for executive development. QEDC has beenconsistently ranked in the top 20 schools in the world offering openenrollment executive education. The Centre also offers customprograms serving corporate clients across a variety of industriesand levels of government in Canada and abroad.2008/2009 MILESTONES• QEDC continues to show growth despite a slowing economy.• QEDC continues to develop custom programs and pilot newexecutive education offerings in response to the economic downturn.• QEDC partnered with the Dubai School of Government tooffer custom programming to the Dubai government.Participation statisticsfor 2008/2009• 27 open enrollment programs ran inKingston, with 1,037 people attending• 73 custom programs delivered to closeto 1,900 participants at client-chosensites in North America• 8 programs, including open enrollmentand custom programs, were deliveredin the Gulf Region to 132 participants• 89 participants attended events in theProfessional Development Series infive cities across Canada• 16 executive coaching partnershipsestablished12

FacultyEXCELLENCE IN TEACHINGQSB’s faculty is comprised of many professors whose reputation in the classroom is unequalled and whose impact is often felt long aftergraduation. Every year, the students vote for those professors whose excellence in the classroom made the strongest impression on theirclass. This year’s Teaching Excellence award recipients are pictured below.Peter Kissick: CommerceSociety TeachingExcellence AwardDavid McConomy:Commerce’89 AwardKen Wong: Full-time MBATeaching Excellence AwardPaul Roman: ExecutiveMBA (National and Ottawaprograms) Teaching ExcellenceAwardMarc Busch: Accelerated MBAand Cornell-Queen’sExecutive MBA FacultyTeaching AwardsNEW FACULTYGoce Andrevski,Assistant Professor inStrategy and OrganizationTandy Chalmers,Assistant Professorof MarketingCeren Kolsarici,Assistant Professorof MarketingMonica LaBarge,Assistant Professorof MarketingJean-Baptiste Litrico,Assistant Professor inStrategy and OrganizationFabio Moneta,Assistant Professorof FinanceMikhail Nediak,Assistant Professorof Management ScienceFatma Sonmez-Saryal,Assistant Professorof FinanceVeikko Thiele,Assistant Professorof Managerial EconomicsSerena (Shuo) Wu,Assistant Professorof Accounting13

ACADEMIC EXCELLENCEFACULTY PROFESSORSHIPS AND FELLOWSHIPSAlumni, corporations and several Commerce classes have shown their support of one of the School’s major fundraising priorities,the investment in faculty fellowships, professorships and chairs. Commerce Classes of ‘64, ‘77 and ’83, alumni such as the lateEric Toller and his family, and numerous corporations and organizations, such as PricewaterhouseCoopers, the Bank of Montrealand KPMG, are now directly linked to some of the School’s top professors (see list of named faculty positions, below).Named faculty positions provide prestige, recognition and dedicated funds to further professors’ research and/or teaching activities.Funding of such positions helps retain QSB’s outstanding faculty while also attracting the top teaching and research minds inthe face of a worldwide shortage of qualified business professors.William Cannon – Distinguished Faculty Professor of FinanceYolande Chan – E. Marie Shantz Fellow in Management Information SystemsSean Cleary – Bank of Montreal Professor of FinancePeter Dacin – Kraft Professor of MarketingTina Dacin – E. Marie Shantz Professor of Strategy and Organizational BehaviourJean-Etienne de Bettignies – Commerce’64 Fellow of Managerial EconomicsClinton Free – Commerce’83 Fellow in AccountingPeter Kissick – Distinguished Faculty Fellow in Business LawYuri Levin – Distinguished Faculty Fellow in Operations ManagementJeffrey McGill – Distinguished Faculty Professor in Management Science/Operations ManagementJames McKeen – Distinguished Faculty Fellow in Management Information SystemsElspeth Murray – CIBC Faculty Fellow in EntrepreneurshipLynnette Purda – Royal Bank of Canada Fellow of FinanceJana Raver – E. Marie Shantz Fellow in Organizational BehaviourDouglas Reid – Distinguished Faculty Fellow in StrategyJean-Paul Roy – Toller Family Fellow in International BusinessSteven Salterio – PricewaterhouseCoopers/Tom O'Neill Faculty Fellow in AccountingSandy Staples – Distinguished Faculty Fellow in Management Information SystemsDaniel Thornton – Institute of Chartered Accountants of Ontario Professor of AccountingSelim Topaloglu – Royal Bank of Canada Fellow of FinanceJane Webster – E. Marie Shantz Professor of Management Information SystemsMichael Welker – KPMG Faculty Fellow in AccountingKenneth Wong – Commerce’77 Fellow in Marketing14

Centres ofInnovation15

CENTRES OF INNOVATIONCentres of InnovationQUEEN’S SCHOOL OF BUSINESS CENTREFOR CORPORATE SOCIAL RESPONSIBILITYQueen’s School of Business Centre for Corporate Social Responsibility is committedto inspiring practitioners, researchers, teachers and students of business to instillCorporate Social Responsibility as an integral part of their thinking and practice.2008/2009 MILESTONES• 20% of all Commerce students were enrolled in the CSR Certificate program.• 28 Certificates in Corporate Social Responsibility were presented to Commercestudents who participated in the CSR program.• 226 Commerce students performed over 3,000 hours of outreach in the communityas part of the requirement for obtaining a Certificate in CSR.• New courses in CSR and sustainability were introduced in both the Commerce and MBAcurricula, and MBA students participated in a number of CSR competitions.• 7 Commerce students participated in the National Mentoring Program sponsored by Molson.Students and mentors at a CSR luncheon with Ontario Lt. Governor David Onley• QSB became a member ofthe PRME Initiative(Principles for ResponsibleManagement Education),a partnership of eightinternational co-conveningorganizations, includingthe UN Global Compact,AACSB and EFMD.QUEEN’S EXECUTIVE DECISION CENTREQueen’s Executive Decision Centre is Canada’s first electronicgroup-decision support laboratory. Participants in meetingsfacilitated by Centre staff – either at Goodes Hall or using thePortable Decision Centre in their own facilities – use networkedlaptops to contribute their expertise to the discussions. In thisway the Centre supports the planning and decision-makingtasks of executive teams from private- and public-sectororganizations. It is also used by Queen’s faculty, administratorsand students.2008/2009 MILESTONES• Facilitated over 100 electronic brainstorming events including thedevelopment of strategic plans for the City of Calgary, Collegeof Physicians of Newfoundland and Labrador, Town of Markham,and formulation of annual plans for Queen's Departments ofAnaesthesiology, Family Medicine, and Chemical Engineering.• Conducted research on clients’ behalf in the areas of fraud,rural economic development and health care.16

THE CA-QUEEN’S CENTRE FOR GOVERNANCEThe CA-Queen’s Centre for Governance, launched in 2007, is aan initiative funded by the Institute of Chartered Accountants ofOntario to improve corporate governance in Canada through avariety of research and teaching programs. The Centre is thefirst in Canada to have as its primary mission research in the areaof governance.2008/2009 MILESTONES• Launched the Voluntary Sector Reporting Awards (VSRAs)program with PricewaterhouseCoopers Canada LLP and theInstitute of Chartered Accountants of Ontario. The annualawards recognize not-for-profit organizations whose annualreports demonstrate the highest levels of accountabilityand transparency, and which communicate effectively withbeneficiaries, donors and stakeholders.• Released applied research reports on audit committeecompliance, the enforcement of regulations by the CanadianSecurities Administrators and media coverage of fraud innot-for-profit organizations.Dean David Saunders with VSRA winnersQUEEN’S SCHOOL OF BUSINESS CENTRE FOR BUSINESS VENTURING2008/2009 MILESTONESQueen’s School of Business Centre for Business Venturing iscommitted to being the leading and definitive source ofknowledge and expertise in the creation, leadership andmanagement of new ventures. Its primary activities rangefrom embedding new venture thinking into the curriculum –including an elective course that provides students theopportunity to invest monies from the Tricolour VentureFund – to providing access to capital to fund new ventures,and conducting applied research in the field of business venturing.• Awarded two Dare to Dream internships to MBA students (seestory on page 43.)• After only three years, the student-advised Tricolour Venture Fund(TVF) is already seeing a return on its investments. Pathogen DetectionSystems was acquired by a major European water company, becomingthe Fund's first “exit” and first money-maker.• The third annual Best Small andMedium Employers (SME) surveysaw the largest participation yet withover 200 SME businesses fromcoast-to-coast qualifying. The top10 were profiled in a Globe and Maillead story in its Careers section.Elspeth Murray (centre), Associate Dean, MBAPrograms and Director of the School's Centre forBusiness Venturing, with Paul Vicker (left) ofQueen's PARTEQ Innovations and Peter Gallant(right) of Pathogen Detection Systems17

CENTRES OF INNOVATIONCentres of InnovationQUEEN’S BUSINESS CONSULTINGQueen’s Business Consulting (QBC) has operated for morethan 30 years and continues to lead the way as Canada’stop undergraduate consulting program. This year-roundventure is managed by senior undergraduate Commercestudents under the direction of the QSB faculty. Studentsprovide a range of cost-effective consulting services toowners, managers and staff of small- and medium-sizedbusinesses, not-for-profit and other public organizations,located primarily in the Eastern Ontario region.2008/2009 MILESTONES• Partnered with the Monieson Centre on the Knowledge in SocietyProject by providing pro-bono consulting services to individualsand small businesses in Eastern Ontario.• Expanded QBC’s reach to provide consulting services to clients inToronto, Napanee, Gananoque, Cornwall and the Caribbean, andserved such clients as the Kingston Economic Development Corp.,The Cataraqui Clippers Soccer Club, Eastern Ontario Model Forestand Queen's Planned Giving Department.• Began developing a three-year strategic operations plan for the GananoquePolice Services Board.Associate Dean, Faculty, Brent Gallupe, Craig Desjardins, Monieson Centre Director Yolande Chan, Principal Tom Williams andRobert MacKinnon attend the Knowledge Impact in Society Showcase in April.THE MONIESON CENTREThe Monieson Centre works with organizations andresearchers to provide leading-edge solutions to knowledge-related business and industry challenges. The Centrecreates teams of Queen's faculty, graduate students andexperts from other universities to conduct applied researchfor client organizations. Research findings are then translatedinto effective, practice-based recommendations. By bridgingthe gap between business theory and practice, The MoniesonCentre offers solutions that are comprehensive and rigorous.2008/2009 MILESTONES• The Centre’s Knowledge Impact in Society (KIS) Program launched witha three-year $300,000 SSHRC grant funding its “Revitalizing RuralEconomies by Mobilizing Academic Knowledge” project. This initiativefocuses on rural economic development issues and involves over 30academic, government, community, and business research partnerships.• The Centre led seven additional research projects involving 13 QSBfaculty, six from other Queen’s departments, four from otheruniversities as well.18

GlobalPresence19

GLOBAL PRESENCEGlobal PresenceDUAL DEGREE PROGRAMSMASTER OF GLOBAL MANAGEMENTStudents in this post-graduate program have the option of obtaining a doubledegree from Queen’s and either the University of Mannheim in Germany orUniversiteit Maastricht in the Netherlands. International study at one ofQSB’s international partner schools allows for cross-cultural learning thatgreatly enhances the impact of the program.CORNELL-QUEEN’S EXECUTIVE MBAGraduates of this 18-month program receive both aQueen’s MBA and Cornell MBA degree. Students fromCanada and the U.S. share learning experiencesin Boardroom Learning Centre locations in bothcountries and during residential sessions inIthaca, NY, and Kingston, ON.EXCHANGESUniversiteit Maastricht University of Mannheim Cornell UniversityINTERNATIONAL EXCHANGES AND LEARNING OPPORTUNITIES253 QSB undergraduate and graduate students studied abroad on exchange.258 international students from 30 countries studied at QSB.71 top-tier universities partner with QSB to offer student exchanges atthe undergraduate and graduate levels (see list on facing page).“DOING BUSINESS IN CHINA”A module at the China Europe International Business School inShanghai brought together students from the National, Ottawaand Cornell-Queen’s Executive MBA programs.China Europe International Business SchoolGLOBAL BUSINESS PROJECTSThese projects are compulsory in the National, Ottawa and Cornell-Queen’s Executive MBA programs. Teams complete acomprehensive analysis of a business issue impacting a company located anywhere in the world outside the U.S. and Canadaand travel to conduct field research prior to writing a final report.QUEEN’S CONFERENCE ON INTERNATIONAL BUSINESSAn annual conference organized by Commerce students, QCIB brings together student delegates from across North America tohear industry experts offering insights into the world of international business.20

INTERNATIONAL PARTNERSCOUNTRY INSTITUTION CITY COMMERCE MASTER OF MBAGLOBAL MANAGEMENTArgentina Universidade Torcuato Di Tella (UTDT) Buenos Aires X XAustralia University of Melbourne Melbourne XUniversity of New South Wales Sydney XThe University of Western Australia Perth XThe University of Queensland Brisbane XThe University of Sydney Sydney XAustria Wirtschaftsuniversitat Wien (WU Wien) Vienna X X XBarbados University of West Indies Cave Hill XBelgium Katholieke Universiteit Leuven Leuven XUniversité Catholique de Louvain Louvain-la- Neuve XUniversity of Antwerp Antwerp XBrazil Fundacao Getulio Vargas (FGV–EAESP) Sao Paolo X XChile Pontificia Universidad Catolica de Chile Santiago XChina China Europe International Business School (CEIBS) Shanghai XFudan University Shanghai XPeking University, Guanghua School of Management Beijing X X XTsinghua University Beijing X XChinese University of Hong Kong Hong Kong XCity University of Hong Kong Hong Kong XHong Kong University of Science and Technology Hong Kong XDenmark Aarhus School of Business Aarhus X XCopenhagen Business School Copenhagen XFinland Helsinki School of Economics Helsinki X XHelsinki School of Economics Mikkeli XHanken School of Economics Helsinki XFrance CERAM Business School Nice XEDHEC Lille and Nice XESCP Europe Paris XESSEC Business School Paris Singapore Cergy X X XGrenoble Ecole de Management Grenoble XHEC School of Management Paris XIAE AIX Graduate School of Management Aix–en–Provence XRouen Business School Mont–Saint–Aignan XToulouse Business School Toulouse XGermany University of Mannheim Mannheim X X XWHU – Otto Beisheim School of Management Vallendar XHungary Corvinus University of Budapest Budapest X X XIndia Indian School of Business Hyderabad XIreland University of Dublin Trinity College Dublin XItaly Bocconi University Milan X X XJapan Keio University Tokyo XNagoya University of Commerce & Business Administration Tokyo X XWaseda University Nagoya XMexico IPADE Monterrey XTecnologico de Monterrey Monterrey XNetherlands Rotterdam School of Management, Erasmus University Rotterdam X XUniversiteit Maastricht Maastricht X XNew Zealand University of Otago Dunedin XNorway BI Norwegian School of Management Oslo X XNorwegian School of Economics and Business Administration (NHH) Bergen XPoland Warsaw School of Economics Warsaw XPortugal Universidade Catolica Portuguesa (FCEE) Lisbon XUniversidade Nova de Lisboa Lisbon XSingapore Nanyang Technological University Singapore XNational University of Singapore Singapore XSingapore Management University Singapore XSlovenia University of Ljubljana Ljubljana XSouth Korea Korea University Seoul XSeoul National University Seoul XSpain ESADE Business School Barcelona XSweden Lund University School of Economics and Management (LUSEM) Lund XStockholm School of Economics Stockholm XUppsala University Uppsala XSwitzerland University of St. Gallen St. Gallen X XTaiwan National Chiao Tung University Hsinchu City XNational Taiwan University Taipei XThailand Chulalongkorn University Bangkok XUnited Kingdom Manchester School of Business Manchester XUniversity of Bath Bath X XUniversity of Edinburgh Edinburgh XUniversity of Strathclyde Glasgow XPROGRAMNote: The above list was current at press time. For the most up-to-date listing, consult the School’s website at www.business.queensu.ca/international_opportunities21

GLOBAL PRESENCEINTERNATIONAL PERSPECTIVEINTERNATIONAL COMPOSITION OF FACULTY: 48%COUNTRIES OF ORIGIN OF QSB UNDERGRADUATE AND GRADUATE STUDENTS INCLUDE: Australia, China,Germany, India, Iran, Japan, Kazakhstan, the Netherlands, Pakistan, Singapore, Sweden, United Kingdom and United StatesINTERNATIONAL REACHALUMNI: 13% of QSB’s 12,550+total active alumni reside outsideof CanadaINTERNATIONALACCREDITATIONS3 Queen’s Business Club chaptersare located outside Canada, in New York,London, UK, and Hong Kong.Queen’s Business Club, London:Dean David Saunders (left), Club PresidentMaureen Connolly, with keynote speaker, alumGord Ray, Executive Publishing Director of Wallpaper*magazine, at a Club event in May.Queen’s School of Business Centre for Corporate Social Responsibility is one of the foundingparticipants in the Globally Responsible Leadership Initiative (GRLI), a joint venture of the UN GlobalCompact and the European Foundation for Management Development (EFMD). The Centre is alsoone of 260 international participants in the Principles for Responsible Management Education(PRME) Initiative, also in partnership with the UN Global Compact and EFMD, among others.Queen’s School of Business achieved theprestigious EQUIS (European QualityImprovement System) accreditation fromthe European Foundation for ManagementDevelopment in 2006.Queen’s School of Business received unconditionalaccreditation for all its programs in 1998 from theAssociation to Advance Collegiate Schools of Business(AACSB International), the world’s largest business schoolaccreditation body. QSB was the first business schoolin Ontario to be AACSB-accredited.The UK-based Association of MBAsadded a European acknowledgement ofthe School’s excellence by re-accreditingQueen’s School of Business in 2007.Exchange student returns to QSB for MGM degreeEdmond Wu kept coming back to QSB for more. His six-month internationalexchange from Singapore’s Nanyang Technological University in 2006made such an impression that he stayed on for a second six-month termto complete his third year at Queen’s. “My exchange experience waspositive on every level. I met many terrific people, classmates fromCanada and from around the world, and welcoming faculty and staff. Iwas impressed with the campus and with Kingston, and though my firstexperience of snow was exciting, the novelty did wear off after a while.”The climate didn’t deter him from returning to QSB in 2008 when he was accepted into the Master of Global Managementprogram. “The MGM program has been a wonderful experience, with many opportunities for learning the true meaning ofinternationalization. We worked in teams comprised of students from all over the world and covered topics affecting theglobal business climate. My classmates from both programs are people I know I’ll be in touch with for years to come. Ihave a network that literally spans the globe, thanks to my studies at QSB.”22

Financial ReportQueen's School of Business had a strong financial year in 2008-2009 despite the global financial crisis. The strategicdiversification of our funding sources helped mitigate the economic impact on our resources. Overall, sources offunding increased by 9.9% for fiscal 2009 (May 1, 2008 to April 30, 2009). The Queen’s Executive DevelopmentCentre non-degree programs maintained its core program enrolment levels and continued to grow in-companycustom offerings. The MBA Program portfolio saw an overall increase in enrolment, contributing positively to theprogram tuition revenue.STATEMENT OF SOURCES AND USES(all amounts in '000's)SourcesYear endedApril 30, 2009Year endedApril 30, 2008University base budget allocation 11,838 23% 11,127 23%MBA programs 22,611 43% 20,891 44%Non-degree executive development programs 15,204 29% 13,165 27%Fundraising gifts and contributions 1 3,261 6% 4,569 10%Ontario trust for student support 2 – 0% 5 0%Less: endowed contributions 3 (1,484) –3% (2,891) –6%Less: restricted for capital project 4 (1,258) –2% (905) –2%Endowment income 1,805 3% 1,691 4%Other 339 1% 42 1%Total sources 52,316 100% 47,904 100%UsesSalaries & benefits 24,719 47% 21,192 44%Direct program expenses 22,576 43% 20,474 43%Student aid 2,095 4% 2,104 4%Other 1,193 2% 1,524 3%Queen's University services 1,332 3% 1,211 3%Amortization 588 1% 23 1%Transfer to/(from) unrestricted reserves (187) 0% 76 2%Total uses 52,316 100% 47,904 100%Notes:1 Does not include pledges or gifts and contributions for the original Goodes Hall construction.2 Matching funds from the Government of Ontario to college and university bursary and scholarship programs.3 Endowed contributions are those for which the principal must remain intact. The endowment generates investment income presented on this page as 'endowment income.'4 Restricted for capital project are gifts and contributions received for the Goodes Hall expansion project.23

CONTRIBUTORS TOEXCELLENCE & INNOVATIONFrom the Fundraising Committee ChairA year of highs and lowsFundraising for universities during a worldwide economic downturnis not for the faint of heart. The School’s management, fundraisingstaff and volunteers were therefore sensitive to the fact that manypeople are feeling the effects of the current recession. Not surprisingly,some donations have reflected this reality, and current giving levelshave dropped slightly compared to last year.The very positive news is that in spite of a global recession, generousalumni continue to give. It is heartening indeed to realize that Queen’sSchool of Business can count on its graduates for support, in goodtimes and in bad.Despite the challenges, the School achieved some impressive fundraising results in 2008-09:• More than $5.5 million in fundraising gifts and new pledges were generated• The Goodes Hall expansion fund reached $11.1 million (with an additional $1.5 millionraised since the fiscal year-end)• Five class gift campaigns raised over $1.1 millionThanks to the generous support of the donors whose names appear in the following pages, and somewho chose to remain anonymous, the School continues to achieve its objectives of establishingscholarships and bursaries for deserving students, recruiting exceptional professors, developinginnovative new programs, and continuing to raise funds for the expansion of Goodes Hall.On behalf of the Fundraising Committee, our School and its students, I thank you for your continuedsupport in driving forward our goal of becoming one of the world’s most innovative and influentialbusiness schools.JOHN SEE, BSC’79, MBA’81Chair of the Fundraising Committee, QSB’s Advisory BoardExecutive Vice President, Wealth Management, TD Bank Financial Group24

HIGHLIGHTS OF GIVINGSUMMARY OF GIFTS RECEIVED (2004-2009)Contributions to the School (excluding pledges) were $3.261M (07-08: $4.569M). The economicuncertainty partly contributed to the decline in donations; however, 07-08 also included a large,one-time donation of $1M. The School was able to maintain student aid funding at the same levelsof 07-08 as well as continue funding faculty professorships and fellowships, support internationalexchanges with our global partners and recruit world class faculty.4,500,0004,000,0004,000,0003,500,0003,500,0003,000,0003,000,0002,500,0002,500,0002,000,0002,000,0001,500,0001,500,0001,000,0001,000,000500,000500,000-2002/20032004/20052003/20042005/20062004/20052006/20072005/20062007/2008 2006/20072007/20082008/2009Note: Fiscal year end April 30. This graph captures total cash donations received in each year.It does not include donations for the original Goodes Hall construction.GIFTS BY SOURCE (2008/2009)The support of alumni, friends and corporate partners is critical to QSB’s continued success. Withgovernment funding now accounting for only 10% of QSB revenue, private support is ever morevital to realizing our vision of becoming one of the world’s most innovative and influential businessschools.8%7%6%3%16%74%QSB QSB Alumni3%Queen’s Alumni (non QSB)Friends83%Corporations & FoundationsNote: Fiscal year end April 30. This graph captures total cash received in each year.It does not include donations for the original Goodes Hall construction.25

RecognizingLifetime GivingThe following list recognizes our generoussupporters who have given $25,000 or morecumulatively to Queen’s School of Businessas of April 30, 2009.26

Lifetime Individual Donors$5,000,000+Melvin Goodes BCom’57, LLD’94& Nancy GoodesDonald Sobey BCom’57$1,000,000 - $4,999,999Michael Borden BCom’80& Laurie BordenDonald Carty BAH’68, LLD’01& Ana Maria CartyJerry del Missier BSc(Eng)’85, MBA’87Paul Hand BA’69, MBA’73& Vicki Gilliatt Hand BA/BPHE’73$500,000 - $999,999AnonymousEstate of Donald Alexander Baxter BCom’34Estate of Muriel HatchEwout Heersink MBA’74Thomas Kinnear BCom’66, LLD’02Harold Roozen MBA’79 & Cathy RoozenMargaret Sutton BA’48& Gerald Sutton BCom’48, MCom’49$250,000 - $499,999Iain Bruce BCom’81Gregory Cochrane MBA’74& Linda Cochrane BA’77, MBA’79Paul Hyde & Catherine Hyde BA’82Estate of Donald I McLeod BA’1908Harry Mortimore MBA’73Estate of Elizabeth Marie Shantz BCom’27Opposite page: Don (BCom’57) and Rob (BA’88) Sobey27

LIFETIME GIVINGLifetime Individual Donors (continued)$100,000 - $249,999AnonymousPeter Armstrong & Wendy ArmstrongDany Battat BCom’78Philip Bookalam BCom’68Jennifer Camelford BAH’74, MBA’78 & James Camelford BA’77Carolyn Carney BCom’86 & Jeffrey Carney BCom’84Andrew Chisholm BCom’81 & Laurie Thomson BAH’84Estate of Martha Hazel CoughlinIan Friendly BCom’83 & Carol FriendlyKenny Grewal BCom’96Samuel Gudewill MBA’79Nancy Hamm BCom’76 & Richard Hamm BCom’76Fred Jaques BCom’80Pentti Karkkainen MBA’81Michael Kehoe BCom’78Paul Kinnear BCom’63 & Carole Kinnear BA’98Norman Koo BSc(Eng)’72, MBA’75 & Anna Koo MBA’75James Leech MBA’73Thomas Miller BCom’79 & Elizabeth Miller BFA’79Len Morrow MBA’72Max Muselius BA’79, MBA’81Thomas O’Neill BCom’67, LLD’05 & Susan O’Neill BA’65Joseph Pal BCom’74Ethel Patterson MBA’81 & Michael Bandzierz MBA’80Bryan Pearson BScH’86, MBA’88 & Sally Peterson BAH’86, MBA’88Sam Pollock BCom’88Charles Powis BCom’86Derek RussellJohn See BScH’79, MBA’81 & Kathryn See BAH’79Gregory Smith BCom’91 & Crystal SmithGia Steffensen BCom’78 & Jean Steffensen BA’77, BEd’78Allan Taylor LLD’91 & Shirley Irene TaylorColin Taylor BCom’84Eric Toller BA’50, BCom’51 (Deceased) and MargotJeff van Steenbergen BSc(Eng)’77 & Kim van Steenbergen BNSc’78Brenda Vince BCom’77 & Steven Smith BCom’77Brian Walsh BA’74, MBA’76 & Angela WalshRobert Wardrop BCom’86John Watson MBA’70Sheila Watson BAH’72 & George Watson BSc(Eng)’70, MBA’72Cathy Williams MBA’77 & Bruce WilliamsTony Woodward BCom’75 & Cate Woodward BA’74, MBA’76Deborah Yedlin MBA’91 & Martin MolyneauxTom Kinnear, far left, and brother Paul, far right, with Commerce students Christ-inn Hua and Seth Rosenberg,finalists in the Paul and Tom Kinnear Business Case Competition28

$50,000 - $99,999Dave Brining BCom’79 & Jennifer BriningDavid Brown BCom’73Shauneen Bruder MBA’84 & Michael Bruder LLB’84James Burns BCom’76 & Teresa Burns BScH’77Jason Capello BCom’96Michael Durland Phd’91Michael Humphries BCom’93Jerry Jackson BCom’78Michael Keilhauer BCom’76Janet Lint & Richard LintMargaret MacLellan BAH’79, MBA’81 & Robert F MacLellanThomas McLaren (Deceased)Susan Michel Shuter MBA’81 & John ShuterDusan Miklas & Anne MiklasGordon Nixon BCom’79, LLD’03 & Janet Nixon BCom’80Ryan Pedlow BCom’98Michael Sifton BCom’83 & Julie Sifton BA’82David A Wilson BCom’64$25,000 - $49,999M Shan Atkins BCom’79 & James E ErbsEstate of M Jean BlackDerek Burney BAH’62, MA’64, LLD’98Gregor Caldwell BCom’64 & Elizabeth CaldwellGuy Casgrain BCom’78Robert Crandall BCom’51 & Frances CrandallDaphne Dean BA’71, BScH’73, MSc’78, MBA’81Mark DesLauriers BCom’78Douglas Dethy BCom’75Gordon Fleming BCom’53 (Deceased)Michael Gilbert BCom’78 & Cynthia Gilbert BA’78Andrew Gross BCom’79 & Nora Gross BA’81, BAH’82John A Hallward BCom’83Everett Harrison BCom’46Douglas Heighington MBA’81Milton Hess BCom’64 & Julia Hess BA’65George Holmes BCom’80Donald Huggett BA’51, BCom’51Andrew Hungerford BCom’96Elliott Jacobson MBA’69Donald Langill BCom’77 & Carolyn LangillPeter Mackenzie BCom’81Thomas Mair BA’79, MBA’81 & Liane Mair BAH’79Brian Martin BCom’99The Melvin Family, Alex Melvin BA’72, MBA’74Frederick Mifflin BCom’81Susan Miklas BA’65, LLB’88Frederick Moote BA’49, BSc(Eng)’49Elspeth Murray BScH’85, MBA’87 & Peter Richardson (Faculty)Wayne Musselman BCom’64Paul Myles BCom’66, MBA’67Ian Ness BCom’79David Oliver BCom’64, MBA’66 & Gwen OliverNancy Powis BCom’80Sharon Ranson BCom’80Ray Richardson MBA ’84 & Anne Nurse-Richardson BA’78Michael Robins BCom’79 & Susanne Robins BAH’82Susan Rooks BCom’84 & Edward Speal BCom’83Bruce Runciman BCom’78David Sculthorpe BCom’83 & Patricia Sculthorpe BAH’85Rob Sobey BAH’88Richard Stackhouse BCom’53Herbert Wyman, QC BCom’50Guest speaker Jerry del Missier (third from left) with MBA'09 students Anna-Maria Kerekes, Changjie Wu, Laura Murphy,Stacy Soutiere, Karim Hemani, Farnaz Shahed and Zach Sonnleitner29

LIFETIME GIVINGIt looked like frosh week until guests peered moreclosely at the t-shirts worn by recipients of the D&RSobey Atlantic Scholarships attending a dinner inhonour of benefactors Donald (BCom’57) and sonRob (BA’88) Sobey in November 2008. The familiar“I like Commerce” slogan had been replaced by “I likeSobeys” to show the Commerce students’ appreciationof the Sobeys’ generous support. Each student wearingthe t-shirt was one of 20 recipients of the D&R SobeyAtlantic Scholarships currently studying at QSB. Anotherhighlight of the dinner was the menu: fresh lobsterprovided by the Sobeys!The scholarships are valued at $60,000 perstudent over four years. Students from New Brunswick,Nova Scotia, Prince Edward Island, and Newfoundlandand Labrador applying to their first year of theCommerce program can be considered for the award.Donald (above, seated at left) and son Rob (seated beside Donald) at the Sobey Scholarship dinnerSobey Scholarships celebrated“As 2008 marks the ten-year milestone of thecreation of the scholarship, we are proud to continuesupporting outstanding Atlantic Canadian students intheir pursuit of higher education,” said Rob Sobey,President and CEO, Lawtons Drugs. “Following thecompletion of their studies, it is our hope that thesestudents will eventually return to Atlantic Canada topursue business opportunities and add to theeconomic and social prosperity of the region.”Sobey Scholars must achieve a 75% academicaverage in their first year and 80% averages insubsequent years on a full course load. The D&RSobey Atlantic Scholarship Foundation has awardedmore than $1.7 million since its inception.For more information, visithttp://www.queensu.ca/registrar/awards/toolbox/EntAwardsApp.htm30

Goodes Hall expansion hashigh-tech appealRyan Pedlow, BCom’98, isa big fan of the new, high-techclassrooms planned for theGoodes Hall expansion.“I was a member of one ofthe last classes that didn’t havelaptops or other classroomtechnologies,” says Ryan, afinancial services sector headat a private family investmentfirm in New York City. “Havingaccess to the latest in classroomtechnologies is exactly whatRyan Pedlow QSB needs.”After meeting with Dean David Saunders and seeing theSchool’s plans for the new building, Ryan took action. He pickedup the phone and called former classmate Matt Aaronson.Together, they led a Commerce’98 10-year reunion campaignthat saw $125,000 pledged in less than six months (seestory on page 44). Among seven class leadership donors,Ryan contributed an impressive $50,000 to help the Schoolconstruct its planned 75,000-square-foot expansion.“I’m extremely proud of what QSB did for me,” he says.“There’s a very good reason why so many of the top Wall Streetfirms come all the way to Kingston to recruit. It’s why theSchool is at the top of my giving list.”And he’d like to see QSB top the lists of those who follow inhis footsteps, too. Drawing on their co-chair experiences, Ryan andMatt set up a fundraising template for other classes to follow. Theyhope to raise the bar for future 10-year reunion giving.“If we do it right, in another 10 years, Queen’s will be a householdname among the most highly regarded companies in the world.”BCom’98 classmates at the Fall 2008 Homecoming weekend31

LIFETIME GIVINGLifetime Corporate Donors$3,000,000+BMO Financial Group$1,000,000 - $2,999,999CIBCScotiabank GroupWarner-Lambert Canada Inc. & Warner-Lambert (U.S.)$500,000 - $999,999Cara Operations Limited of OntarioInstitute of Chartered Accountants of OntarioProcter & Gamble Inc.RBC Foundation.$250,000 - $499,999Certified General Accountants of OntarioHenry White Kinnear FoundationNexen Inc.PricewaterhouseCoopers LLPKPMG LLP & KPMG FoundationThe Society of Management Accountants of Ontario$100,000 - $249,999Accenture Inc. & Accenture Charitable FoundationAmbac Assurance Corp.Bell CanadaCadbury Adams Canada Inc.Chubb Insurance Company of CanadaCogeco Cable Inc.Deloitte & ToucheErnst & Young LLPGeoffrey H Wood FoundationHSBC Bank CanadaP & G FundPfizer Consumer GroupPrincess Street ClubSun Life Financial Inc.The John Dobson FoundationXerox Canada Inc.$50,000 - $99,999Asia Pacific Foundation of CanadaFinancial PostGeneral Mills FoundationGreat-West Life Assurance Co.Japan FoundationMaple Leaf Global Foods Inc.Margaret & Wallace McCain Fdn.Merrill Lynch Canada Inc.Queen’s Commerce SocietyRoyal Trust CompanySceptre Investment Counsel LimitedThe Calgary FoundationThe Felicia & Arnold Aaron FoundationToronto-Dominion BankUnilever Canada Inc.$25,000 - $49,999Allard Foundation Ltd.Burgundy Asset Management Ltd.Corporate Insurance Group Ltd.Export Development CanadaGeneral Electric Canada Inc.Goldman Sachs & Co.I T A CIBM Canada Ltd.Imperial Oil FoundationMcKinsey & Company Inc.Mercer (Canada) Ltd.Monitor CompanyNissan CanadaNortel Networks CorporationSeaBoard GroupShell Canada LimitedThe Molson Companies Ltd.The Ralph M Barford Foundation32

Scotiabankhelps students get a global perspectiveWhen Queen’s Centre for International Management first appearedon Scotiabank’s radar in 2004, its international exchangeprogram was attracting 219 outgoing Commerce and incominginternational students from 30 partner universities around theworld. Today, more than 500 students from QSB and 71 partnerinstitutions participate annually in international exchanges.A major donation from Scotiabank went a long way towardsfuelling that impressive growth.In 2000 (before the Centre was established), Scotiabankinvested $500,000 to endow scholarships for Queen’s studentsin need of financial assistance to go on exchange.“As Canada’s most international bank, we know theimportance of sharing best practices on a global level,” saidKim McKenzie, MBA’85, Executive Vice-President, InformationTechnology and Solutions. “We are very proud to support theexchanges under this program and understand from feedbackthat all involved benefit from the experience.”The Bank’s support has continued over the years, with theestablishment of the Scotiabank Leadership Award that helpedto send six QSB students abroad in 2008/2009. Another tworeceived the Scotiabank Commerce Award. Both awards aregranted to undergraduates on the basis of financial need, withthe Leadership Award also rewarding demonstrated leadershipabilities and academic excellence.All told, an unprecedented 75% of Queen’s Commerce studentsstudy overseas during their third year and up to 40% of the School’sthird- and fourth-year classes include international students.Until recently, very few incoming students were from SouthAmerica, says the Centre’s Director Angela James. To helplevel the financial playing field, Scotiabank designated half of a$1 million gift to Queen’s in 2006 to establish the Scotiabank GroupScholarship of the Americas – QSB’s first-ever award for incomingexchange students. The first two award winners arrived on campusthis year.“Studying at Queen’s was an incredible experience thatI will never forget,” says Sofia Contrucci, a fourthyearbusiness and economics student from Santiago,Chile. “For Latin American people, life in northerncountries is very expensive, so it’s hard for us to affordthis unique experience. The scholarship from theScotiabank Group made things much easier for me.”That’s music to the ears of Kim McKenzie who is equallypleased that another exchange student from the region hasalready registered for the fall 2009 term, and applications arestill arriving for the winter term. As Canada’s most internationalbank, Scotiabank has business ties to more than 12.5 millioncustomers in some 50 countries around the world, includingthose in South America.“Scotiabank has extensive operations in Latin America, withlarge subsidiaries in Mexico, Chile and Peru, and we benefit fromthe exchange of expertise and experience with employees inthese countries every day,” said Heather Black, Queen’s Sc’80,Vice-President, Scotiabank International Banking, and incomingPresident of the Queen’s University Alumni Association. “I’mvery pleased that Ms. Contrucci has had a chance to experienceQueen's and Canada, and am confident that those who studywith her will benefit from her experience as well.”33

RecognizingAnnual GivingThe following list recognizes donors whose contributionsto Queen’s School of Business were made during the fiscalyear of May 1, 2008 to April 30, 2009 in the form of cashgifts or pledge payments. Gifts received since April 30,2009 will appear in the 2010 Annual Report.Please note:• Many Queen’s School of Business alumni direct theirgifts to support other programs and initiatives at Queen’sUniversity. These contributions are recognized annuallyin the University’s Report of Contributions published bythe Queen’s Office of Advancement.• Total class donations are published only when there areat least five donors from that program/year.In addition to recognition in this Annual Report, all Queen’sSchool of Business donors are eligible for membership inone of the Queen’s University annual appreciation societiesbased on their giving per fiscal year, as follows:Grant Hall SocietyDiamond Level — $10,000 or moreSapphire Level — $5,000 to $9,999Limestone Level — $1,000 to $4,999Summerhill Society$500 to $999Royal Charter Society$250 to $499Cha Gheill Society$100 to $249 (and first Queen’sdegree earned in the past five years)Royal Legacy SocietyBequests by will, charitable gift annuities,life insurance policies, or charitable trustsQSB’s generous supporters who have contributedmore than $100,000, cumulatively, are recognized onthe School’s Benefactor Wall at the following levels:Level 1 – $10 Million or moreLevel 2 – $5 Million to $9,999,999Level 3 – $1 Million to $4,999,999Level 4 – $500,000 to $999,999Level 5 – $250,000 to $499,999Level 6 – $100,000 to $249,999In addition, those whose cumulative gifts haveexceeded $5 Million are recognized on QSB’sVisionary Wall at Goodes Hall.Every effort is made to ensure the accuracy of this list of donors. However, errors occasionally occur. If your name has been omitted, misspelled, or incorrectly listed, please contactTiffany Pauls at TPauls@business.queensu.ca or 1.877.533.2330.34

Commerce GivingBCom ’34Kenneth HeathBCom ’46Everett HarrisonBCom ’47AnonymousJohn BannisterBCom ’48John PurkisGerald SuttonBCom ’49Montgomery SennettBCom ’50Patrick CalleryDouglas MorphyHerbert WymanBCom ’51James WhiteBCom ’53Total giving $3,913John BickertonIan FraserDonald JohnstonNicholas SeilerRichard StackhouseBCom ’54Total giving $4,744AnonymousGordon KonantzRobert PrittieMyron RudiakGeorge SpealWilliam StokesFrederick TroopBCom ’55Cecil AdamsBCom ’57Melvin GoodesDonald SobeyBCom ’58Laird O’BrienChris TrevorBCom ’59AnonymousBCom ’60Ross WilbyBCom ’61Graham McCallumDouglas TigertBCom ’63AnonymousJ Paul KinnearBCom ’64AnonymousMilton HessRoderick McLeodDavid A WilsonBCom ’65Peter StuartBCom ’66Total giving $10,875Ronald BissetMerv DaubJohn GordonThomas KinnearStuart ProudfootBCom ’67David CrossleyThomas O’NeillBCom ’69Wayne HillRobert MillarBCom ’70AnonymousJohn MacKayJohn StankiewiczPeter SteeleBCom ’71Anonymous (2)James GledhillBCom ’72Robert CuthbertsonThomas JamesRoderick MalcolmBCom ’73Total giving $2,585Anonymous (2)George CraigLachlan McLachlanWilliam McLeanDavid MortonRobert NealeGlen ShippWilliam WilsonBCom ’74Total giving $4,050AnonymousLinda BrouillettePamela CaseyRobert CottonHoward FergussonCarolyn Jane HowardMichael KassnerR Bruce LaymanHarry OrtMaxine TuckBCom ’75Total giving $134,375AnonymousArthur CunninghamDouglas DethyJean-Luc FortinDeborah McKayBruce RabyPeter RoseKenneth WongBCom ’76Total giving $4,745Anonymous (5)Karyn BrooksJames BurnsIrene DavidMargaret EadesTony HooperDavid PouporeGary ThompsonBCom ’77Total giving $14,255Anonymous (3)Bartley BullMichael ForsayethIan HendryBruce HunterJudith HunterMark JohnstonMichael LangDonald LangillMary McDonaldDavid McIlquhamW Bradley MurdockClare PrendergastBCom ’78Total giving $150,925Anonymous (5)Jack AlvoDonald AvantDany BattatDavid BounsallRichard BradeenMarian BurdsallIan BurkholderRonald ButlerSuzanne CartyGuy CasgrainKaren CaskeyDavid ClareMichael DawsonStephen EarleLeslie FrenkeJeffrey GaltMichael GilbertGregory HannonMark HayesJames HurlbutCharles IveyJerry JacksonNorman JoeMichael KehoeJames KofmanNicol MacNicolRobert MartinFrancis McAuleyBarbara McWhirterRobert MowatMichael O’ConnellGenie OrtonRonald ReicheRobin RileyBruce RuncimanTimothy RungeDouglas SinclairPenny SomervilleLance SpeckGia SteffensenDavid SteinerJohn StinsonBrenda WagarBruce WarmboldJohn WildBCom ’79Total giving $32,734Anonymous (2)M Shan AtkinsDave BriningJoseph ConeybeareMichael EastmureStephen GrahamJanet LanawayThomas MillerMichael RobinsBCom ’80Total giving $941,173AnonymousMichael BordenRoger CasgrainRobert CroninSally P GarnerJohn GleesonGeorge HolmesAlexander PiersonNancy PowisBenita WarmboldVilborg WilsonBCom ’81Total giving $35,485Alexandra ArdernDavid BenwellNicholas BreartonIain BruceChristina DarganEstate of Christine SinclairJames GarnerBonnie GolombJanet Hoadley-RedgwellPeter MackenzieCarolyn MaynesSteven MaynesFrederick MifflinLeslie SlaterGary SolwayLisa TaylorJay WrightNorman WrightBCom ’82Total giving $7,650Anonymous (3)Carol DevennyLaura DinnerLori-Ann EvertAnne GouinlockGeoffrey GouinlockNancy JenkinsonTracy MartinGrant McDonaldDavid PoulsonJohn QuattrocchiDaniel SaikaleyJoseph SouthAtul SwarupLarry WalshRandall WilliamsonMary Wilson TriderBCom ’83Total giving $51,920AnonymousGregory BellAlison BowenSusan BriouxRichard CookSusan CookWilliam A CunninghamAndre de HaanGlenna de HaanJoseph FaelloIan FriendlyJohn A HallwardMary KellyJohn LanghornePhilippe LozierLeslie ReynoldsMark SchweitzerMichael Sifton35

ANNUAL GIVINGTake it from this economist –gifts of insurance pay big dividendsMerv Daub, BCom’66, approached the idea of a gift toQueen’s School of Business with the same blend of passionand business acumen that earned him a reputation as one ofCanada’s leading business economists.“I’d wanted a new building for the School since the 1980s,” saysMerv, a member of Queen’s Board of Trustees and a professoremeritus who taught economic forecasting, as well as industrialand international economics, from 1971 until his retirement in2002. Providing space for more students, teaching and researchmade good financial sense, he thought, and the Victoria Schoolsite was the ideal place to bring it all together.Merv jumped on board in the late 1990s as Chair of the School’sBuilding Committee, and his zest for the cause helped propel theplan forward. Seeing Goodes Hall take shape, he and his wife,Elaine Forshaw, decided the time was right to make a significantgift. They named Queen’s University the owner and beneficiaryof a joint life insurance policy that will someday inject $200,000into the endowment to maintain and preserve Goodes Hall.“We were intrigued by life insurance as a way to givegenerously but within our means,” says Merv.The couple makes regular, modest premium payments onthe policy. With each cheque, they receive a charitable receipt, animportant income tax benefit. In recognition of their generosity,Merv Daub and Elaine Forshawa PhD Seminar Room on the second floor of Goodes Hall wasnamed in their honour.Elaine, a retired stock broker who had a 21-year career atScotiaMcLeod, agrees the bottom line was an important factor intheir decision to give, but she also doesn’t underestimate theconnection her husband has to his alma mater and former employer.“Queen’s is his other family,” she laughs.Merv’s first glimpse of Queen’s University was in 1962. As afresh-faced student, he divided his time between undergraduateCommerce courses and the gridiron, eventually becomingcaptain of the Queen’s Golden Gaels. Five years after graduating,with MBA and PhD degrees in hand from the University ofChicago, he returned to teach at the School of Business and jointhe coaching staff for his beloved football team. Over the next 31years, Merv distinguished himself as a Canadian authority onthe accuracy of economic forecasts. He has advised corporateand government leaders on economic forecasting, public policyissues, international business and energy matters, and is includedin Who’s Who in the World and Who’s Who in Canada.“If anyone knows this University and is committed to it,it’s Merv,” says Elaine.Merv nods enthusiastically: “The future of this Universityand the School of Business mean a great deal to me.”36

BCom’78 class gift campaignSETS A RECORDGia Steffensen (left), Mike Gilbert (second from left) and Peter Kingston (far right) present their 30th Anniversary class giftto Dean David SaundersGia Steffensen is laying down a challenge for QSB alumni: “Beat our record.”It’s a rather unexpected sentiment from a 1978 Commerce grad who, with his classmates, has contributed $1 million-plusin the 30 years since graduation. Last year’s Commerce’78 30th anniversary campaign raised more than $780,000, achievingboth objectives the class had set for itself. “We wanted to eclipse the largest class campaign gift in the history of the School,”says Gia, “and attract the highest-ever participation rate.”As many as 15 alumni, including co-chairs Gia, Mike Gilbert and Peter Kingston, took on a leadership role in thecampaign, setting goals and rallying support. Their efforts paid off. An exceptional 44% of those classmates the team wasable to reach contributed to their class gift.“Queen’s is one of the greats. When you compare our alumni giving rates to U.S. Ivy League schools, there’s a huge gap inparticipation. We don’t have to accept that,” says Gia.In recognition of the class’s impressive achievement, QSBhas named the east wing of Goodes Hall (constructed in 2002)the Commerce’78 Wing.The majority of the more than $780K received through the30-year class reunion campaign has been directed towards the21st Century Fund that provides annual support for emergingopportunities and new initiatives at the School, such as studentcompetitions and conferences, guest lectureships, scholarships,programs and research. Some donors had specific targets in mind,including the funding of a Dare to Dream Internship in supportof entrepreneurial initiatives. (See related story on page 43.)While such outcomes are key to QSB’s future, Gia is evenmore interested in seeing the BCom’78 class gift inspireothers to action. He hopes to see other classes give – and givegenerously enough to surpass Commerce’78 and claim the titleTop Class Gift Campaign. And he wants them to waste no timein doing it.“I hope it happens soon,” he says. “I’ll be very disappointedif our record isn’t broken this year.”Peter Kingston37

ANNUAL GIVINGCommerce Giving (continued)BCom ’84Total giving $3,075Anonymous (3)Michael BolithoJolanne Le-FayeJane LewisJana LyonsAnne E SmithBCom ’85Total giving $3,436David DobellJohn NewcombeAndrew PringleLorraine RotzStephen RotzFrederick SingerKaren StaceyRichard Van NestBCom ’86Total giving $29,017AnonymousSusan CampbellMichael DetlefsenCarole MatearBradley McConnellCharles PowisRobert WardropJohn WilbyBCom ’87Total giving $1,788AnonymousKelly BairdRuth CummingsDonna HobsonPatrick McMasterVanessa MorganVictor TevesBCom ’88Total giving $2,012John BlainChristopher ClubbLaura HarbinStephani KingsmillDaniel MatteBCom ’89Total giving $2,905Patrick BaldwinGregory DartElliot FederJeanette HepburnDonald LinsdellSandra LinsdellSteven MillanBCom ’90Total giving $1,340David BainWesley DiongSusan GardinerArnold KorpelaScott LawrenceBCom ’91Total giving $28,863AnonymousTimothy CullitonDeanna DobrowskyAlexander FabroChristopher GarrahKate F KellyJay MawKeith RandallSusannah RiggsGregory SmithBruce TeronStephen ThompsonJo-Anne VanStrienFraser WhaleBCom ’92Total giving $12,098Erika BooneMichael BooneJonathan HamiltonJuliet JacobsClaire JohnsonWarren JonesPaul LishmanCarolyn MacNaughtonHeather C McDonald-GeigerAudrey O’ConnellMichelle OlmsteadSylvia PattersonMarleen PawelskiDaniel PawliwKristina PearceSareena WildbergerBCom ’93Total giving $45,328Anonymous (4)Alexandra Acs-LoewenKaren BaileyDonald BowmanStephen BryantMark CaigerHarvey CarrollAndrew CherwenkaAndrea CuthbertMarco Del CarloCorey FraibergMichael GordonBryan JensenSharon KanJanet KrstevskiSusanne LawrenceWilliam LeMayGregory LoewenDawn MacKelvieRobert MacNaughtonJennifer MakiNadine MirchandaniStephanie PettitGord RayKatharine RobertsKociancicDan RobertsonTawni RothBruce SelleryJeffrey ShinozakiRusty SutherlandTammy SutherlandLauren ThibodeauDaniel WiltonDavid ZietsmaBCom ’94Total giving $2,650Anonymous (2)Jason BalgopalJustin BarrSean CableJames ChisholmSteven HerzogAndrew LongBCom ’95Total giving $1,503Michael CastellarinHee-Suk HamCarol HedleyKevin MilliganStephanie ThompsonDavid TihJeffrey WordhamBCom ’96Total giving $79,810Julie BreenStewart BusbridgeJason CapelloMichelle DunstanJoanne FletcherValerie GillisSteven GoldbachPaul GreenhowHeather LeachGavin MuranakaMike MurrayJoshua OrzechRobert RenaudAdit VohraMark VroomanDamian YuBCom ’97Total giving $3,460Kristian BonnStephen ChurchScott EarthySteven FarberStephen FarragherDonald FordMichael ForzleySarah Gibbings KerrDarren McCaughertyKara PotvinPaul PotvinJason SteelRachel H VanAmie Lynn Waite LarsonBCom ’98Total giving $80,525Matt AaronsonGeoffrey CampbellNicole GeneauStephen HoffmeisterKevin LintLesley LintAdam MurlRyan PedlowBrett PotvinGenevieveReich-RohrwigDylan RothMark SkeggsDenny SreckovicOrest WowkodawBCom ’99Fred AngerPrem RawalCharmaine ShamkongBCom ’00Total giving $4,525Christopher Chin-A-LoyTavis ChurchTimothy DeaconStephane DeschenesRyan DoersamErin DonoghueCaroline GibbingsCyril GoddeerisJacob KuikenBCom ’01Total giving $1,905AnonymousRobert GierulaNancy HooRyan KaltAndrew KotsovosDavid LambieJennifer MedlandJohn MedlandJason NardariBCom ’02Total giving $1,450Heather CampbellJeremy ChanKathleen HarriganRobert KallioRichard KearnsAdrian NgCelestino OhSarah ParsonsChristian RankinBCom ’03Total giving $778Katherine DuncanMorgan LackenbauerRyan McGovernJennifer MinRobert StelzerBCom ’04Andrea DaviesBCom ’05Damon ConwayCourtney RivingtonBCom ’06Cassandra Burt-GerransGordon ChanKevin EganDavid PowerBCom ’07Kathy ZhaoBCom ’08Marwa AbdouChuan-Shun HoWarren HopwoodDavid WaughBCom ’09*Eleanor McGeeXiao Wang*Please see page 40 for a listing of BCom’09 classmates who contributed to the COMMitment’09 classgift. Those who contributed to the Goodes Hall expansion are listed on page 45.38

Paying it forward –BCom’93 class gift funds a student awardIncoming Commerce student Dylan DiLeccewas delighted when he checked his onlineapplication to QSB and learned he hadlanded an entrance award. But theMarkham, ON, resident’s pleasure turned toDylan DiLecce surprise and then gratitude when he laterdiscovered he would be the inaugural recipient of theCommerce’93 Entrance Award, made possible by thecontributions of members of that class.“I’m humbled,” he says simply. “This shows me that Queen’sis a university that creates lasting bonds with and among itsstudents.”Bruce Sellery, BCom’93, agrees that most of his peers feelan emotional affinity for their alma mater, but he fears “that’s notplaying out in the number of donations.” With the approach ofhis 15-year class reunion in 2008, the Calgary-based anchor ofCTV’s Business News Network set out to turn the tide on givingby his classmates.Bruce – together with a committee made up of Bryn Joynt,Tracy Muxlow, Andrew Cherwenka, Andrea Cuthbert,Dan Wilton and Andrew Long – did the asking. Their classmatesresponded with approximately $115,000 in gifts and pledges.The BCom’93s present their class gift at Homecoming 2008: from leftDean David Saunders, Tracey Muxlow, Dan Wilton, Andrew Long and Bruce Sellery.Beginning in 2009, the Commerce’93 Entrance Award is availableannually to a student demonstrating financial need, academicachievement and involvement in extracurricular or community service.For Dylan, an offer of financial support was one of the decidingfactors in his acceptance of the offer from QSB. “When I receivedthe letter telling me about the award, I felt an immediate bondwith Queen’s,” he says. As the award’s inaugural recipient, hefeels an obligation towards his benefactors. “I can’t wait to proveto them that I was worth their investment.”“Queen’s School of Business award winners are exceptionalstudents,” says Bruce. “In another 15 years, we hope to be ableto tell 15 stories about recipients like Dylan who went on todo great things.”UNDERGRADUATE STUDENT ASSISTANCE$4,000,000$3,500,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$500,0002004/20052005/20062006/20072007/20082008/2009Merit-Based Needs-Based TotalThe amount of student financial assistancedisbursed to Queen's School of Businessundergraduate students has risen dramaticallyover the past five years. In 2008/2009,approximately 60% of Commerce studentsreceived either merit- or needs-based financialassistance (ranging in value from $100 to$15,000), up from 56% last year.You can help by making a donation insupport of student scholarships, awards andbursaries. Your support is needed to ensurethat we continue to attract the best and brighteststudents, ensuring that no exceptional studentsare denied the Queen’s experience due to theirfinancial circumstances.See page 57 for information on how to give.39

ANNUAL GIVINGCOMMITMENT’09:Record setting giftin memory of a cherished classmateBaha BekenovThe Commerce Class of 2009 chose to dedicate their graduating class gift in memory of a classmate who passed away suddenly in November 2008.The class raised an impressive $16,574 – the largest graduating class gift in recent memory – to establish the Commerce 2009 Award inMemory of Baha Bekenov. This award will be given to future Commerce participants in QSB’s international exchange program, awarded onthe basis of financial need, proven leadership skills, and involvement in school or community activities.COMMitment co-chairs Abby Ho and David Giglio and ThankQ co-chair Shelley Martin organized a number of successful fundraisingevents including a silent auction, class brunch, multi-day bake sale and the second annual Prof Roast. The Prof Roast is a fun-filled evening thatgives students the opportunity to skewer their favorite professors who – much to the delight of the audience – have an opportunity to rebut.This class gift campaign was a tremendous success because the students rallied behind the cause, and QSB faculty and staff rallied behindthe students. Baha’s parents, who travelled from Kazakhstan to attend Convocation and accept Baja’s degree postumously in the ceremony’smost moving moment, were deeply touched by his classmates’ tribute.Thank you to everyone listed below who contributed to the COMMitment’09 graduating class gift.Anonymous (13)Elizabeth AbrahamLara AriganelloJohn AtalickAlana AwadJacob BarnesTyler BarrackSusan Bartholomew*Rekha BaruaJahangir BhattiPeter BondMichael BrewerAndrew BrownHenry ChakLinda ChewAshley ChinStephanie ChooBrittany ClarkChristine Coulter*MacKenzie CrawfordChristopher CruickshankKyle CunninghamFrancois DeTara DeightonEmily DimytoshIvayla DingilovaGeoffrey DusseldorpDavid Edwards*Sabrina EvansLiam FlanniganHumaira GhiacyDavid GiglioChantal GiurlandaJustine GonsalvesShannon Goodspeed*Jamie GullaherTenay Gunter*Shuai GuoCaleigh HallAndrew HamiltonAlex HamiltonWilliam HancharekAbby HoDavid HowardEmily HunterJames HunterEfemena IgharoroAngela James*Melissa JohnChessa JopeMi-Rae KimPeter Kissick*Kathleen KopanskyOlivia KruytLivio KuschnirenkoLise-Ann LabergeRahim LalaniSara LarcinaMaria LasetClarisse LauMing LiJenny LinThomas MannShelley MartinDavid McConomy*Candace McConomyJennifer McNeely*Scott MetherellJanice MumbersonPeter NakamuraJanhavi NandreAyah NorrisSerena O'KeefeCourtney PatersonCatherine PayneShelley Pleiter*Andrea PoundMatthew PriceAlan ReidAmanda ReidOlivia RejniakElaine RichardsonLaura RobbinsLaurie Ross*Jamie Rudolph-ZbarskyMonique SamiDavid Saunders*Jennifer ShcherbanGurinderpal SinghSamantha SmithKatie SokalskyChristopher SutherlandKimberly TamMichael TanVictoria ThompsonAlexandrea ToselloAllison UeWei Wang*David WaughDavid WenKenneth Wong*Jennifer WongEdward YaoNatasha ZelmerHe Zheng*QSB Faculty or StaffLeft to right: Matt Price,Shelley Martin, Abby Ho,David Giglio, Olivia Kruyt andBrittany Clark40

MBA, MSc & PhD GivingMCom ’49John CokeGerald SuttonSam GudewillMCom ’51James KeohaneKenneth DakinPeter McWhirterMBA ’62Stephen Moore BA ’77,Ernest JuryVirginia O’ReillyMelvyn SwainHarold RoozenMBA ’64MBA ’80AnonymousTotal giving $10,578John CallumAnonymousGeorge CurnewMichael BandzierzRichard Flechner Elizabeth BolandMBA ’65Elizabeth BourgeoisDavid LingLouis ForbesMBA ’66John KitchenGaston PelletierElaine LaddMBA ’67Ian LaddHarold BridgeC John TyrrellDouglas HealeRobert WoyzbunFredric Roskin MBA ’81MBA ’69Total giving $67,208Harry DulmageStephen AnemaGraham Farquharson Geraldine CooneyElliott JacobsonMario da PonteDavid McConomy James GrahamMBA ’70Douglas HeighingtonJames McGivern Marion JarrellMBA ’72Pentti KarkkainenLen MorrowWayne KemickMBA ’73Margaret MacLellanTotal giving $5,608 Ethel PattersonAnonymousGary ReynoldsDavid HyltonJohn SeeJohn KerrJeffrey ShankJames LeechTimothy WardropJohn RitchieMBA ’82MBA ’74Total giving $2,200Total giving $5,475AnonymousThomas JamesPaul BerryIan MacdonaldSteve DonnellyAlex MelvinMichael LomasHenry MeyerStephen PathakPaul OwensMBA ’83MBA ’75Susan BigfordRobert MillarShannon GoodspeedMBA ’76Derek SuttonGary DenysMBA ’84David NgoTotal giving $11,933Brian WalshPeter CaseKenneth WongJanet DraperMBA ’77Lorraine DykeAnonymousJanet MannCathy WilliamsWinston MeyerMBA ’78Ray RichardsonTotal giving $5,325 Janice StairsAnonymousDavid SwiggumRobert GaleMBA ’85Brigita Gravitis-Beck AnonymousGlynis Anne Henry James ColbyJanet Isaac-Charbonneau Stephen HarrisonMBA ’79John MonroeTotal giving $62,550MBA ’86Scott AndersonJonathan EdwardsShahrokh ShahMBA ’87AnonymousRichard HallsonEdward MurrayElspeth MurrayMBA ’88Anonymous (2)Doree SabourinMBA ’89Arvindar GeiPaul KilbankPhilip NeukomKevin WepplerMBA ’90Pierre DesautelsRichard FrySusan McGuganShelley OstepMBA ’91Edward BarnesChadrick BuffelOwen RobertsDeborah YedlinMBA ’92Linda CaseyDavid YeungMing YoungMBA ’93Barclay CuthbertDavid PavanIan YeatesMBA ’94Total giving $1,770AnonymousGuy Barry CaplanDavid CareyLori Allison GoodyearVictor PakalnisBill YeeMBA ’95John DudaPeter HopkinsMBA ’96Total giving $740Anonymous (3)Guy CocquytBruce EnstoneLouis LamontagneFrank RamsayMBA ’97AnonymousDavid GauthierRaymond McKayPaul RobinsMBA ’98Eric LiuMBA ’99AnonymousMonica BastSteven KleinMBA ’00Ronald BallantyneChristian PlanteSabina PosadziejewskiMBA ’01Helen McLellanHarry SchlangeMBA ’02Peter SuchanekLuLu TangDavis YungMBA ’03Christian OuimetRonald PetersMalvin VelezPhD ’03Timothy JonesMBA ’05Sharon-Anne BainChandrasekhar KalyanaramanBruce WinderPhD ’06Wei WangMBA ’07Total giving $1,048Anthony CochraneRobert McCabeDarren McCaughertyGlenda OuelletteLeonid PopovVincent ValentiXin XieMBA ’08Total giving $3,900Anonymous (3)Michael AnderRobert BarringtonSonya BreierWen-Chung ChenTrevor DahlAmardeep GillAshish GoelPatrick HaneyKenneth HumRamanan IyerWilliam KishoreAmit ManghaniTodd MazurekDavid MemelEric MuellerErin NesciDavid PanasciMatthew PelfreyMonica PorteanuManish SharanTianqing ShenAnnamaria TimofteOwen TuLaurence WeeksDaniel ZouMBA ’09Total giving $4,399Anonymous (3)Butchi AnisettiBram BregmanJulie ChaseAshish ConsulDavid DunnVirgilio FavisRichard GreenoughYonggang HuMaggie JonesNanki Lakhwinder SinghAaron LauHarrison LungIan MajorAnupam MalhotraAngel Martinez InterianoWorku OliScott PhillipsDouglas PuertaAna Salceda KuriakuzAlireza SaneiJay SchwartzDean SmithMelissa SmithAzmina SomaniAlbert SprengerKenneth TooleDino TrevisaniStephen VergaminiTina Yang AnAnthony ZibaraDoug, Peter and Eva Christopher at Peter’s convocation41

ANNUAL GIVINGSupporting QSB prioritiesAs the CFO of Shell Canada, Cathy Williams, MBA’77, wasused to poring over financial spreadsheets, reports and projections.But her retirement two years ago presented a whole new set ofchallenges – financial and otherwise.“It causes you to look at your finances differently, to reviseyour will and to start thinking about your legacy,” says theQSB Advisory Board member and Women’s Executive Network’s2008 Hall of Fame honoree.It didn’t take long for Cathy to identify Queen’s School ofBusiness as one of the causes that she wanted to support.“My time on the Advisory Board has helped me to understandthat government support and tuition can never do the full job.”That knowledge, coupled with her transition from corporate lifeand her continuing desire to play a leadership role, led to a majorgift of $150K in support of the Goodes Hall building expansion.Cathy and her husband Bruce join a growing number ofdonors committed to supporting the School’s top priorities.Although they did spend time considering other QSB fundingopportunities, Cathy says her work on several non-profitboards, including a term as chair of Mount Royal University inCalgary, has taught her the value of sticking with the institution’snumber one need.“I know how much work goes into establishing fundraisingpriorities,” she says.Cathy WilliamsShe hopes her gift will help provide the solid bottom lineevery organization needs to evolve and be the best it canpossibly be. “I hope to see a financially sound business schoolthat never has to sit still because of finances.”Corporate GivingAgrium Inc.Bank of MontrealBell CanadaBurgundy Asset Management Ltd.CIBCCara Operations LimitedCogeco Cable Inc.Deutsche Bank CompanyErnst & Young LLPEstate Planning Council Eastern OntarioGeneral Electric Canada Inc.Goldman Sachs & Co.Henry White Kinnear FoundationIBM Canada Ltd.Institute of Chartered Accountants of OntarioInvestors Group Inc.Leo Burnett Co. Charitable Fdn.Melo HotelsNexen Inc.PepsiCo FoundationPetro-CanadaPricewaterhouseCoopers LLPQueen’s Commerce SocietyQueen’s University NursingQueen’s Women in LeadershipQueen’s Women's AssociationScotiabankStern Cohen LLPThe Calgary FoundationThe John Dobson FoundationThe KPMG FoundationThe Society of Management Accountants of OntarioUBS Securities Canada Inc.Wyeth Consumer Health Care42

Cogeco Cable givesstudent entrepreneursa helping handFourteen hours in an airplane en routefrom Toronto to Shanghai gaveShyam Ramchandani (pictured, centre)and Amit Bhalla (pictured, left) plentyof time to think about those who helpedto make the trip possible. The MBA’09students travelled to Asia this spring topitch their business plan – to launch anew cancer drug – to angel investors.They thank QSB and communicationscompany Cogeco Cable, among others,for helping to make possible the workthey accomplished in the six monthsleading up to their trip.In 2008, Cogeco Cable Inc.pledged $100,000 to QSB to establish the Cogeco Dare toDream Internship, one of three such internships availableannually to Commerce or MBA grads. The internships provideup to $15,000 each, access to faculty mentors and the contactsthey need to launch their own business ventures.“It’s hard to launch a business part-time while holding downanother job,” says Shyam, co-owner of SzyfCo TherapeuticsInc. “At some point you have to take a risk. That’s a little biteasier to do when someone’s willing to help support you forthe first few months.”In its inaugural funding year, Cogeco Cable providedcritically needed support for Shyam and Amit to participate insix business case competitions across North America. Togetherthe MBA’09 classmates beat out MBA teams from 11 otherCanadian universities to capture first place and the grandprize of $25,000 in the 2009 IBK Capital/Ivey Business PlanCompetition in London, ON. Their team also earned secondplacehonours and the $4,000 prize at the University ofLouisville competition and a tie for third place in the prestigiousUSF International Business Plan Competition at the Universityof San Francisco, where the prize included legal and patentadvice from a San Francisco law firm.Cogeco Cable also helped Dare to Dream internsRyan Son Kee (pictured above,at right), Geo Philips andCijal Raj grow their business plan for an online golf bookingservice by helping fund their participation in the competition at Ivey.Their web site www.caddyshank.com debuted in August, alongwith an innovative iPhone application, CourseCaddy, which wasrecently approved by Apple and is available at the iTunes app store.“A lot of great ideas die on the vine. Business casecompetitions build the confidence that you can do it,” saysElspeth Murray, Director of Queen’s School of BusinessCentre for Business Venturing. “Cogeco Cable’s moneyenabled Shyam and Ryan to present and get feedback from avariety of sources, refine their thinking and build a network ofpeople who are able to give them a hand.”Helping hands include those of a couple of key pharmaceuticalinvestors whom Shyam and Amit met in San Francisco. Thoseinvestors’ help may prove invaluable in the months to come.“Cogeco Cable was founded by an entrepreneur who builtthis company with his own money and from the ground up,”says Marie Carrier, Cogeco Cable’s Director of CorporateCommunications. “We know what it means to fight for theresources and the connections to realize your dream. We’repleased to be able to help deliver on those needs and helpyoung entrepreneurs make it through the first and often thetoughest year of business.”“They’re giving us a chance,” says Shyam. “I just want tosay thanks to Cogeco for giving us a running start.”43

ANNUAL GIVINGCelebrating Class GiftsCongratulations to the following classes that collectively raised over$1.1 million through dedicated class gift campaigns in support of Queen’s School of Business.Commerce’78 Commerce’93 Commerce’98 Commerce’09 CQEMBA’09Supporting student scholarships to the Goodes Hall Expansion,their gifts provide a lasting legacy to benefit current and future students.Next year’s report will highlight the accomplishments of such classes asCommerce’84, MBA’84, and MBA’79 who presented class gifts in May 2009.Dean David Saunders receives the BCom’98 Class Gift from Ryan Pedlow (middle) and Matt Aaronson.BCom’98s $125K class gift raises the barIt’s no coincidence that six of the seven founding donors to theCommerce’98 Class Gift either live or have spent time southof the border.“Giving back to your alma mater is something that happensnaturally in the United States,” explains Matt Aaronson,BCom’98, a Principal with Boston Consulting Group in Chicago.“There’s an expectation that you’ll give back to your school.”Exposure to the U.S. culture of giving got Matt thinking. Withhis 10th anniversary of graduation from Queen’s School of Businessapproaching in 2008, he reconnected with former classmateRyan Pedlow in New York (see story on page 31). In less thansix months, the pair raised more than $125,000 from a core groupof major givers that included Geoff Campbell, Steve Hoffmeister,Kevin Lint, Denny Sreckovic and Orest Wowkodaw.“What we did was unprecedented, given the limited amountof time we had,” explains Matt. “We didn’t model our campaignon the American alumni experience, but we did view it asmotivation to elevate our game. Our success is a real testamentto the strength of the relationships we forged while at Queen’s.”The Commerce’98 gift, which includes support from numerousother classmates, was earmarked for the Goodes Hall buildingexpansion. It’s still growing. A room in Goodes Hall will benamed to honour the class’s generosity.“We agreed that we wanted to do what we could to ensureQSB and Queen’s continue their roles as leading educationalinstitutions,” says Matt. “We wanted to raise the bar. And I thinkwe did.”44

Commerce students pledge$1.2M to Goodes Hall expansionThe following Commerce students showed their support for the Goodes Hall expansion by agreeing topay an optional annual fee of $97.50. Thanks to their generosity, this student initiative that began in2008 will generate $1.2 million over 10 years.Nourhan AbdallaRoham KalkhoranJustin AbrahamAlexandra AchkarianFarhad AfzalzadaAli AlladinBritta-Marie AllenSarah Taylor AlofsSarah AmirChristina AntenbringRoss ArmstrongHedvig ArnetMajid ArshadJohn AtalickPaul AtkinsKieran AtkinsonDustin AuAndrew AvisAkshay AwalStephen AyerstMuhammad AzimPhilip BallykJessica BarkerJacob BarnesJoshua BarrTyler BarrackChristopher BarrettPhilip BarskyMontana BassinJeffrey BatchelorNicole BatesPaul BecotteDaron BedrosyanMichelle BennettKatharine BergerPeter BerryErica BestwickJahangir BhattiRobert BieleckiAlannah BirdSamantha BlandfordRussell BlenkarnMegan BoateJason BollaPeter BondAlexander BooneGraham BoothJohn BowersJordan BowmanRhianna BrancatoJohn BrannaganMandy BraunJessica BreckenridgeMichael BrewerKevin BrownRyan BryceDenis BunaZachary BurnettDonald BurnsPatricia BurnsBrynn BurstynErin BuryChristopher ByersAngelica CacioppoSimon CaiHayley CairnsCharlotte CameronPaul CameronLloyd CanisLauren CapronOliver CardosoDylan CarrLaura CarriganHilary CarterLindsay CarterKendra CasselsCaroline ChagnonTio ChaharbaghiSandy ChanJillian CheesemanAlan ChenAngelinda ChenAnqi ChenKevin ChenChu-Chun ChengLinda ChewAshley ChinJonathan ChisholmWinston ChiuJieun ChoiMukund ChopraWinnie ChouLaura ChristiansenPeter ChristopherBrittany ClarkJosh ClarkLiam CoatesThomas CobbDavid CochraneRussell CollinsElliott CollyerAdam ConnCameron ConnorLeigh CookeSara CousineauJohn CouttsStephen CrawfordLisa CroninAlexandra CrookesOlivia CrossmanChristopher CruickshankYi CuiKyle CunninghamAdam CurranAlexandra CurrieShaine CurrieLawson CurtisRyan CutcliffeAmy DalaroyJames DalglishShaheen DanhoNeil DavidgeSarah DavisonPeter DawkinsStephanie De SantoFrancois De ZamaroczyCourtney DecosimoKristen DenegaSimon DengAleem DhananiJustin DharamdialLiana Di GiorgioDavid Di PasqualeJenna DicksRebecca DicksonMatthew DiemerDiana DietrichAnguel DimovIvayla DingilovaDaanish DiwanBenjamin DodingtonChristopher DolinskiColin DonovanDiana DouglasDenton DownieThomas DoyleAlexander DrakeTal DrorMisha D’SouzaKristee DuarteGregory DugganRobert DuncanErin DunneDavid EdwardsPaul EdwardsTrisha EgbertsWarren EhgoetzJeremy EinhornMeron EliasCamilia ElkhazinKatherine EnglishRobert EsauBri EshlemanSarah FawcettKatherine FerronSarah FetterlyRonald FichterCasey FieldHayley FindlayJoshua FinkelsteinJason Fitzgerald-RonsleyKevin FitzpatrickLiam FlanniganScott FletcherKyle FlorenceGeorgia FongJohn ForsayethRyan FossellaJohnathon FountasLauren FowlerTimothy FoxAlyson FrankieAaron FranklinAlexander FraserBritney FreemanKatherine FrenchJason FriedmannStephie FungJeffrey GallantTyler GalpinRamey GhabrosGordon GiangMeriel GibsonHusain GilaniMolly GillanMitchell GillinChantal GiurlandaAnne GleesonGeorge GleesonDeepali GoelAshley GoloubefLuis GomezJudy GongHeather GorhamKathryn GosnellMichael GrahamRachel GrahamScott GrahamJean GrantMelanie GravelineCatherine GravinaAlexander GrayJames GreenMark GreenbergPaul GriffithsIan GrundyMohamed GulamhuseinJamie GullaherShasha GuoShiling GuoMelissa HaJustine HabkirkRebecca Hall-McguireStephen HamelPatrick Hamer-MeunierAndrew HamiltonJoshua HanStephen HanArielle HancuElizabeth HarrisSean HarrisKhalid HasmathJennifer HeatonMichelle HeffernanKathleen HellerBrett HendersonLaurin HendersonJean HendrieSamantha HeneinSamantha HermanDaniel HertzTrevor HeseltonAllison HironakaArthur HoBertina HoChristopher HoKevin HoganAlexander HollandAlison HolmesChi-Wei HongKhuen Yi HongLisa HoughtonRobyn HounjetDavid HowardJames Hunter45

ANNUAL GIVINGCommerce students pledge (continued)Julia HunterLaura HunterMuhammad HusainSean IngutiaAhmad IqbalAndrew IuLisa JaczkoSarwat JalalColin JamesLauren JankowskiElisabeth Van RensburgChristopher JanzMingjun JinAdam JohnsonAinsley JohnstonMatthew JohnstonDavid JollyCaleb JonesMichael JonesTiffany JordanMaria JurewiczLorne KalmarAvinash KamathPriti KapoorDavid KatesStacey KatzDeepti KaulSamuel KeefeGrace KeenleysideStephanie KelleyChelsea KellockRyan KellyDaniel KeluskyDavid KeluskyEmily KerklaanDerek KetelaarsMichelle KilloranBit KimJi KimMi-Rae KimNam KimJames KingVictoria KingscottThomas KleinMorgan Klein-MacNeilAnkit KoacherAmanda KocajMichael KoichopolosMargarita KokhanovaSamantha KoliasAndrew KongMatthew KrempowichAlexander KruglovRyan KruyneLara KulachZara KwanLise-Ann LabergeAmanda LamJillian LamAndrew LambertCatherine LancefieldStacey LangillKaitlin LanthierEmita LatifAlexandra LawCatherine LawrenceMark Le DainBrendan Le NobelAlbert LeeChristopher LeeOrchid LeeWoan-Tyng LeeRenee LegerCharles LeggeJillian LenarcicSuzanne LendvayLeona LeongBenjamin LetalikJeffery LetchfordJenny LeungLianne LewNatasia LewisAng LiHao LiJacqueline LiYan LiJane LianHuilin LiaoJeffrey LightburnDanyang LinJenny LinJiawei LinKevin LinOlivia LingBenjamin LipseyCarling LiskiAlexandra LithwickMeng LiuXiaotian LiuYang LiuMelody LockJillian LockwoodYelei LongMark Look-YeeVictoria LordShuai LouGeorge LoveSpencer LucesNeel LukkaKara LundMatthew LundellCorrine LuxonSarah LynchJingjun MaBlake MacdonaldScott MacdonaldKevin MacGillivrayStephen MacHielsenRitchie MacKayKristen MacKinnonRobert MaclellanJohn MacNeilSarah MacPhailAndrew MacPhersonJillianl MacPhersonJohn MadenMichael Alexander MaiThomas MannMelissa MarinoStephanie MarisDaniel MarksShareena MarlingStacey MarselloAlec MartinAshley MartinCatherine MartinJacob MartinShelley MartinSean Martin-CourtrightTaylor MasonAndrea MateckiShaun MathiasAdam McAskillNiall McBrideDaniel McCannKirstin McCombeKatherine McConnellShawndra McCoyWilliam McElroyAllan McGavinKatelyn McIntoshRebecca McKeeJaclyn McKenzieAndrew McLartyGavin McLaughlinScott McLeanGraeme McLellanChad McLeodKelsey McLeodAndrew McMahonKillian McParlandKatelin MealingFaaria MeghjiMichael MelitoAndrew MelvinJames MendykAlice MengJohn MerkleyScott MetherellPatrick MeyerKailey MeyersKareem MilhemNicholas MilinkovichWilliam Milne46

Olga MirzoevaAdam MitchellRan MoKurt ModdemannYasir MoinAmanda MolnarChantal MoloughneyAlexander MolsonBrian MonacoJulia MooreMelinda MorrisRobert MorrisonAlix MorseChristopher MorytoJesse MosesJanice MumbersonSalman MunVikrant MundkurHaley MustardMihai NaghiPeter NakamuraFaraaz NarsighaniLeonid NarynskyyiArif NasserVanessa NationGeorgina NeatbyJames NellesKate NicholDerek NicholsonStephanie NillesKathryn NixonAyah NorrisJuntaek OhRonan O’KeaneSerena O’KeefeConor O’KellyMatei OlaruAgnieszka OlendrzynskaMelissa OliphantLaura OlsenHarris OrdChelsea OsinchukAzza OsmanMiles PackeerStephanie PalJulia PaliareMichael PanThomas ParenteSvetoslav PargovChristine ParkJae ParkJeffrey ParkYong ParkLauren ParkerJessica ParryNicolas PaterasAlexandra PatteeSean PavlidisOliver PeacockAshley PearsonZahra MohammedChristopher PennerLianna PhilippEmily PhillipsJames PicancoStephanie PikorAlison PilaImran PiraniJohn PitfieldIlias PittasPaula PlagianakosJonathan PohNicholas PohozoffMarliina PollardChristina PolyzosAmanda PondJonathan PoonStephanie PoonAyrlea PorterRebecca PorterAmanda PostenAnna PotapenkoAndrea PoundMatthew PriceRebecca ProphetAnthony ProstGraham PupoCameron PyperCheng QianXiao QinAllison QuinnKelly QuinnLewis QuinnVictoria RacanelliShannel RajanAmeera RajwaniCarolyn RamsayErik RasmussenAmanda RatzDouglas ReevesAlan ReidKevin ReidOlivia RejniakMatthew RenwickThomas RethaziJessica RicePhilip RichardsAndrea RichardsonErin RobbinsLogan RobergeScott RobertsKieran RobinsMichael RobinsonCameron RoblinKatherine RoddWilliam RogersFarah RohomanKatherine RoneySeth RosenbergSara RossJamie Rudolph-ZbarskyCaroline RumbleGordon RumbleMajd RummanBradley RusheleauDavid RutledgeMichael RutledgeAlia SaeedJeffrey SageMichiko SakaiRami SakhniniAndrew SalkeldStephen SaundersAnamika SavaniJenna SawatskyMichael SawdonMegan ScarboroughFrederik SchellerZachary SchillerRichard SchneiderCarly SchwartzMarcus SeegmillerTimothy SeegmillerRock SfeirMohammed ShafiqueGaurav ShahZoya ShaikhDimitar ShapovKelsey ShaveMichael ShawMark ShopiroKathleen ShotboltJansen ShrubbCatherine Sierra-BornaisAlexandra SiftonClaire SigurdsonMonica SimKailey SimsMatthew SinclairKent SioChristian SisakSam SkaloskyTosh SkaloskyJohn SkinnerHarrison SmallCourtney SmithMelissa SmithRaylene SmithSamantha SmithTrevor SmithAndrea SniderAdrian SnowKatie SokalskyChristopher SoldaChrystyna SoltysAmudhan SowrirajanMatthew StamMihai StanescuBrock StoddartAlina StoicescuJoshua SultanaReema SuraniFarooq MohammadDanial TaggartLauren TaggartMark TallonJia TangSiyuan TangAlexis TattrieGeoffrey TaylorMatthew TaylorMelissa TaylorScott TaylorRyan TengJimmy TherrienAhrun ThiyagarajahAllison ThomasGraham ThompsonHolly ThompsonMeredith ThompsonVictoria ThompsonJordan ThomsonWilliam ThornburrowRosalie ThuringerJohn TikkanenKathryn TimmermanisSamantha TomAlexandrea ToselloJames TranMandy TranTrang TranJane TraversyDavid TrousdaleCherie TsangConstantine TsapralisAngel TseLouis TsilivisJennifer TurliukJessica TuttonGeoffrey TylerOsinachi UkwuomaAndy UngJessica Van RooyenRichard Van WagnerJack VanaseljaMatthew VanderbergNina VatneDavid VeitchChristopher VerlaanMark VeselyStephen VirgilioReece VoyerErik WachmanNikhil WadhwaMeredith WallaceMegan WallingfordAmelia WangChe-Ye WangSteven WangWei WangYang WangYiping WangGregory WarkentinBram WarshafskyAshlee WaymannLaura WebbShijing WeiAmanda WellsXuan WenSamantha WestAshley WhelanSarah WhelanSean WhelanCarter WhiteheadCameron WickhamJaclyn WierengaJohn WilkinPeter WillettRachel WilliamsMary WillisBrendan WiltonDoulton WiltshireJennifer WittigKatarina WittkampKathryn WizinskyEthan WolfeKatherine YenAngela WongArthur WongHaydi WongLaura WoodTimothy WoodsKevin WosikCody WrightAnnie WuXiao XiaoSang XiongChang XuJiameng XuHimani YadavZhe YanCindy YangHe YangNadia YauStephen YeungJustin YipEmily YoungJanel YoungSydney YoungMatthew ZaffinoUsama ZahidKaitlyn ZatorMichael ZegaracMichael ZelenczukHao ZhangXin Yu ZhangXinyi ZhangYechi ZhangYu ZhangYunqi ZhangYuxin ZhangAngel ZhaoJanelle ZhaoMengfei ZhouMo ZhouQi Zong47

ANNUAL GIVINGComSoc experience pays dividendsClarisse Lau, BCom’09, barely hadtime to come up for air during her fouryears of Commerce study at Queen’s.Post-graduation, nothing’s changed forthe exceptional student-turned-alumna.Clarisse’s busy student experienceincluded top grades and non-stopinvolvement in the Commerce Society.She traded that for a job as StaffAccountant within the ConsumerMarkets Audit group of the Torontooffice of KPMG LLP, a professionalservices firm providing audit, tax, andadvisory services. This fall, she boardeda plane for Rome, Italy, where she wasone of just seven recruits from acrossCanada to participate in KPMGInternational’s Global Audit trainingprogram. She was selected for theprogram from among 350 new hiresCanada-wide.“I was told it was my experiencesat Queen’s that really set me apart,”she says. “I grew as a person thereand acquired some of the soft skillsthat are difficult to develop quickly inthe workplace.”Her long string of academic and extracurricular achievementsincluded a four-month exchange at Maastricht University inthe Netherlands in her third year. She was part of a QSB teamthat competed in a 60-hour case competition at the Universityof Texas at Austin. But Clarisse is probably most proud of hercontributions as ComSoc’s 2008-09 VP External, overseeingthe Society’s student conferences and competitions, and abudget in excess of $1.5 million.“It was a fabulous experience,” she exclaims. “I oversawthe activities of the co-chairs of each of the competitions andconferences and they, in turn, directed their own executives. Itreally offers opportunities for personal development to all thestudents who participate.”Another such opportunity was the initiative, begun by theCommerce Society in 2008, to support the Goodes Hallexpansion. Clarisse and over 740 Commerce students (listedon pages 45 to 47) agreed to pay an optional annual fee ofClarisse Lau$97.50 that will generate $1.2 million over ten years in supportof the building fund.“Alumni gifts to Goodes Hall, bursaries, and studentconferences and competitions provided us with resources andopportunities we wouldn’t otherwise have had,” she explains.“Embracing the tradition of giving back while we were stillstudents was our way of showing our support for the School.”Whatever the future holds, Clarisse will surely continue tomake good use of her finely honed multitasking skills. Theinterview for this article was conducted on her cell phone scanthours before her trip to Rome. A soft whinny in the backgroundbetrays her location.“Excuse my horse,” she chuckles as she explains her stopat Caledon Equestrian Park, where she was competing in the2009 Trillium Championships.Did we mention that in addition to her other accomplishments,Clarisse is also an award-winning equestrian?48

Matching GiftsThe following companies made matching gifts to Queen’s School of Businessin fiscal year 2008/2009, totalling $23,097.Double yourcontributionAgrium Inc.BMO Financial GroupBell CanadaBurgundy Asset Management Ltd.Deutsche Bank CompanyEnCana Cares FoundationErnst & Young LLPGeneral Electric Canada Inc.Goldman Sachs & Co.IBM Canada Ltd.Investors Group Inc.Leo Burnett Co. Charitable Fdn.PepsiCo FoundationPetro-CanadaThe KPMG FoundationWyeth Consumer Health CareDid you know that many companies, large andsmall, will partially or fully match your gift toQueen’s School of Business? To find out ifyour employer has a matching gift program,simply check with your human resourcesdepartment, or visithttp://www.matchinggift.com/canada/queens/QUEEN’S SPIRIT AT KPMGgenerates corporate matching giftsGrant McDonaldGrant and fellow KPMG LLP partners and QSB grads Harry Ort,BCom’74, and Heather Baker, BCom’83, are hoping to raiseawareness of both the School’s priority fundraising needs and KPMG’smatching gift policy. The KPMG Foundation matches donationsto Queen’s up to a maximum of $1,000 per year per employee.“Not every company has a matching gift program,” saysGrant. “We want to get the word out about KPMG’s program andencourage our staff to think about it the next time they make adonation.” More than 190 Queen’s graduates – including 66QSB alumni – work for KPMG across Canada.The program has already yielded valuable results for the School.Over the past number of years, KPMG has donated more than $450Kto QSB, including matching gifts, to support the Net Impact Centrecomputer lab and the KPMG Faculty Fellowship in Accounting.Grant McDonald, BCom’82, doesn’t need to lead a rousing rendition of the Oil Thighin KPMG’s boardroom to keep the Queen’s spirit alive at work. He is doing a lot of rallyingand planning, though – part of his role as volunteer chair of the Queen’s School of Businesscampaign within the Canadian arm of the international audit, tax and advisory firm.Grant, Heather and Harry launched a campaign this fallto raise the bar even higher. In an ultra-competitive jobmarket, their efforts will also add value to KPMG’s recruitmentefforts. Grant notes that “we really need to be at the table inorder to attract the best grads. This is really about matchingour needs as a firm to the needs of the University.”KPMG LLP CEO Bill Thomas has identified communityleadership as a cornerstone of the firm’s strategic plan –amove Grant says is having a real impact on KPMGpartners and staff. “What does ‘community’ mean to you?”Grant asks. “It can be defined by geography, professionalspecialization or even cultural and social interests.”For Grant and a growing number of KPMG employees,community means Queen’s School of Business.49

ANNUAL GIVINGGifts from Friends FAMILY, FACULTY, STAFF AND FRIENDSAnonymous (4)Elizabeth AbrahamJacline Abray-Nyman*Tim Abray-Nyman BA’90Waqar AhmadPeter ArmstrongJohn AtalickTina Bailey MPA ’06*Annamaria Bamji BA’98, MA’05Perry Bamji*Douglas Bannister BSc(Eng)’91Susan Bartholomew*Barbara BennettGary J Bissonette*Melody BlainWilliam Blake*Silvana BoniJennifer BriningKara BrodribbBruce Buchan*Ann Bull BA’79Daniel Burns BAH’70Kathryn Carey BScH’80Douglas Carty BAH’78Anne Case BScH’77, MSc’79Glen Cavanagh*Henry Chin King ChakYolande Chan*Eva Christopher BA’76Nathan Clute BSc(Eng)’02David ConnorKathleen Connor MD’81Anne CookeEstate of Martha Hazel CoughlinChristine Coulter BAH’98*Gayle Cronin BSc’80Peggy da PonteNaveen Dargan BAH’80Emily Catherine DimytoshJennifer Dobell BScH’86Tom A DoyleChristine DunnJames E ErbsTina Fasano BAH’88Mark FinkelsteinMargaret FlemingSusan ForbesJohn ForsayethElaine ForshawPatricia Fraser BAH’53Carol FriendlyCharyl GalpinHuili GaoPatricia GauthierAndrea Giffin BNSc’80Chantal GiurlandaAnne GleesonGeorge Allan GleesonSarah Gleeson BAH’80Barry GoldsteinFaith GoldsteinJennie GrayKatrina GreenoughDouglas GrundyTenay Gunter*Shuai GuoAlex HamiltonJim Hamilton*David HaywardElizabeth Heale BA’66Jill HertzmanMelanie HoffmeisterNicole Hunter BAH’00Ronald Hunter BSc(Eng)’75Angela James*John Jones, IIIJayne KellockLarry KellockTammy KemickSusan Kennedy BA’79Marion Kerr BNSc’54Ross KerrMi-Rae KimPeter Kissick LLB’88, LLM’98*Kathleen KopanskyLouie Tze Ming KotFrank Kuriakuz, Jr.Livio KuschnirenkoJessye LabajRahim LalaniCarolyn LangillCassidy Larson BScH’96Eric LeBlanc BAH’82*Helen LindWendy LishmanPamela Love BAH’79Mark MacDonald BAH’79Pat MacdonaldSusan MacDonald BNSc’83Robert F MacLellanWalt Macnee BAH’77, BEd’78Benjamin Mandell BAH’01Dimple ManghaniJudith MartinStephen MartinCheryl F MathiasDavid V F MathiasRuth-Anne McAuley BAH’76, BEd ’77Andrew McCall BA’85Candace McConomyDouglas McFadden LLB ’75Nancy McFadden BAH ’74, BEd ’76Mary Anne McLeod BNSc’64Jennifer McNeely*David G MerkelMarion MeyerMitchel Miletic BA’53Elizabeth Miller BFA’79Heidi Miller BScH’92Gina Mollicone-LongMartin MolyneauxGail MortonDebra MurdockPamela Murphy*Susanne Murray BAH’91Anne Nurse-Richardson BA’78Kimberly O’ConnellSerena O’KeefeSusan O’Neill BA’65Robert O’Reilly BEd’78Shelley Pleiter*Mary PorjesCatherine Purcell BScH’78,BEd ’85, MEd’98*Shirley Purkis BA’41Sarah Renaud BAH’96Sharon Ritchie BAH’72Susanne Robins BAH’82Laurie Ross MPA’07*Steven Salterio*Kate Sanderson BAH’98David Saunders*Sari Saunders BScH’88Teresa Schweitzer BNSc’85Kathryn See BAH’79Roberta ShapiroStanley ShapiroJennifer ShcherbanNancy Shield*Julie Sifton BA’82Muriel A SimpsonGurinderpal SinghCrystal SmithSamantha SmithJennifer SmythsonRob Sobey BAH’88Marina SpealJulie SprengerMatthew StaceyRebecca Stacey*Stanfield StaplesJean Steffensen BA’77, BEd’78Stephanie Stinson BA’78, BEd’79Margaret Sutton BA ’48Joan Taber BA’74Anita TaylorJohn TaylorAngelica Thiele-BolithoJeremy Thompson BAH’94Connie Todd BA’92Patricia TooleJeff van Steenbergen BSc(Eng)’77George VeselyAngela WalshKaren Warmbold BA’76, BEd’77David Shang-Ting WenSharon WetherbyCarol WilcoxDon WilcoxManuel WildbergerBruce WilliamsKenneth Wilson Phd’65,BSc(Eng)’66Jennifer WongGerry N WoodNikol WowkodawSusan WrightDorothy WyniaChoi Ted YongGina YongFrederika Zibara*Faculty or Staff50

Queen’s parent Peter Armstrong invests in theNEXT GENERATION OF ENTREPRENEURSYou don’t need to tell Peter Armstrong and Ben Lipseythat it’s a small world.The pair met last fall when Ben, a Commerce’12 freshman, wasawarded the first Peter R.B. Armstrong Entrepreneur EntranceScholarship. Peter is the founder, Executive Chairman and CEO ofthe Armstrong Group that owns and operates the world-renownedRocky Mountaineer train service through the Canadian Rockies.He established the scholarship in 2007 while Chairman ofVancouver’s St. George’s School, Ben’s high school alma mater.Although they shared a connection to St. George’s, it was ascholarship at Queen’s that brought the two together.“I’m not a university graduate, but I’ve been active in educationfor 25 years,” explains Peter. “Along the way, I’ve gained a realappreciation of the importance of a well-rounded education.”Supporting his twin daughters, Chelsea and Ashley, both BA’04, intheir studies at Queen’s, Peter saw an opportunity to invest in Queen’sthrough a major gift directed to the School of Business. Hepledged $125,000 to endow an entrance scholarship for Commercestudents who demonstrate evidence of entrepreneurial achievements.Ben Lipsey and Peter ArmstrongBen fit the bill perfectly. While in grade nine at St. George’s,he established a local business in freelance computer services,helping clients set up computers and learn new programs andoffering them troubleshooting services. Now in his secondyear at QSB, he sees a Queen’s Commerce degree as a “strongstarting point” for whatever he chooses to do in life.“I want to immerse myself in business to determine if it’sthe right path for me.”That’s exactly the “return on investment” Peter hoped forwhen establishing the scholarship. “Entrepreneurship can bedefined in many ways that don’t always involve business,” heexplains. “Sometimes it simply means opening your mind tothe possibilities that might result.”Those include the possibility that down the road the recipientsof the Peter R.B. Armstrong Entrepreneur Entrance Scholarshipwill be able to give back.“I’d like to see them use their education to improve Canada,”says their benefactor. “And who knows? Maybe they’ll even createa Queen’s scholarship of their own,” he says with a grin.51

ALUMNIThank You Alumni Volunteers!ALUMNI GUEST SPEAKERS IN THE CLASSROOM AND SUPPORTERSOF STUDENTS CONFERENCES AND INITIATIVESWe express our thanks to alumni who donate their valuable time to their alma mater. From online mentors to guest speakers;from attendees at information sessions to advisory board members – these are but a few of the ways our alumni have supportedthe School over the past year.Every effort was made to ensure the following list is as comprehensive as possible. However, there are so many alumniassociated with so many disparate activities that we may have missed some names. Please let us know if yours is one of them,and we’ll add your name to next year’s list. Just email alumni@business.queensu.ca and indicate which initiative you wereassociated with, and we’ll correct the record.Peter Adams BCom’05Ange Aikenhead BCom’04John Bailey MBA’71Heather Baker BCom’02Dany Battat BCom’78Sarah Beaucage-GauvreauBCom’05Ryan Bedrich BCom’05Brent Belzberg BCom’72Jeanne Bennett BCom’90Amy Bergenwall BCom’08Jacqueline Bernier BCom’07Andrew Black BCom’87Katie Bolla BCom’04Karyn Brooks BCom’76Simone Brunton BCom’02James Buchanan MBA’85Beth Cameron MBA’85Jennifer Chan BCom’05Andrew Cherwenka BCom’93Chris Clark BCom’76Greg Cochrane MBA’74Damon Conway BCom’05Scott Cooper BCom’07Ruth Cummings BCom’87Kathy Cunningham BCom’90Andrea Davies BCom’04Carol Deacon BCom’00Jerry del Missier BSc’85, MBA’87James Denford PhD’09Carol Devenny BCom’82Sandra Diaz BCom’95Brenna Dickison BCom’07Matthew Dobbin BCom’05Grant Dougans BCom’05Andrew Dunin BSc’83, MBA’87Veronica Engelberts EMBA’04Janice Farrell Jones BCom’97Sarah Farrugia BCom’04Sue Fleming BCom’86Jason Flowerday MBA’04Allison Freeman BCom’06Katrina Galas BCom’05Martha Gibbings BCom’03Alexandra Glover BCom’01, MBA’85Sandra Diaz BCom’95,Director of Royal LePage Foundation,speaking to a Commerce classMelissa Grant BCom’04Samantha Haladner BCom’01Krista Hapke BCom’06Mark Harris BCom’08Lee-Anne Hermann BCom’90Ching Ho BCom’06Kelly Holman MBA’97Elliott Jacobson MBA’69Brad James BCom’83Tracy Jenkin BCom’94Michelle Joliat EMBA’03Bruce Kagan BCom’89Vikram Kakkar BCom’07Brittany Keenan BCom’04Jordan Kramers BCom’08Victoria Kuchlein BCom’03Safia Ladak BCom’01Shivani Lakhanpal BCom’02Damian Lamb MBA’98Edlynne Laryea BCom’00Alexa Law BCom’07Gillian Leung BCom’02Joanne Liang BCom’04Mike Lobsinger BCom’05Jane Locke BCom’03Ian MacDonald BCom’09Jennifer Macdonald BCom’04MBA’09Simon McDougall MBA’04Kim McEwen BCom’01Kelly McFadden BCom’02Maureen McGillis BCom’03Angela McIntosh BCom’07Anita McOuat BCom’01Jennifer McPhersonSarah McSherry BCom’08Matt McWhirter BCom’07Aana Mehta BCom’05Scott Metherel BCom’09Sarah Milton MBA’07Tamara Minnema BCom’03Vafa Mirzaagha BCom’06Nina Mirzoeva BCom’07Cara Mitchell BCom’02Sarah Mitchell BCom’04Krista Mooney BCom’03Gord Mount BCom’80Ted Nash BCom’85Jen Newton BCom’03Kim Nguyen BCom’01Louis O’Brien MBA’78Kathleen Olivotto BCom’05Lisa O’Toole BCom’84Bryan Pearson MBA’88Melissa Peneycad BCom’02Darryl Proniuk BCom’08Sharon Ranson BCom’80Grant Rasmussen BCom’87Dan Rees BCom’92Geoffrey Reeves BCom’81Daniel Resnick BCom’06Greg Rice MBA’98Alyssa Richard BCom’07Courtney Rivington BCom’05Michael Robins BCom’79Michele Romanow MBA’08Joanne Sallay BCom’04Genevieve Scott BCom’01Carolyn ScottMegan Serin BCom’04Jessica Shain BCom’05Candice Shaw BCom’08Taylor Shields BCom’07Michael Sifton BCom’83Peggy Steele BCom’99Natasha Struminikovski BCom’08Derek Szeto BCom’05Brian Takeda BCom’02Marilyn Tan BCom’02Carrie Truman BCom’00Timothy Usher-Jones BCom’05Peter Van Sickle BCom’80Brenda Vince BCom’77David Vuong MSc’07Tim Wardrop MBA’81Jessica Wilford BCom’07Jon Willis BCom’07Robert Wilson BCom’85Ken Wong BCom’75, MBA’76Rosalind Young BCom’02Mengfei Zhou BCom’09Erin Zipes BCom’00Bruce Kagan, BCom’89 (centre) with daughter Chloe,spoke to the full-time MBA Class of 200952

Gifts of time and expertisebenefit student initiativesCarol Devenny, BCom’82,has a story to tell for each of thethree years she has volunteeredto be a judge at Queen’sInter-Collegiate BusinessCompetition (ICBC), Canada’soldest and largest undergraduatebusiness case competition.Her connection to ICBC goesCarol Devenny back to 1982, when she wasa student herself and on the ICBC Executive.“My first time as a judge, I happened to learn about the School’sinternational exchange program,” recalls the Ottawa-basedPartner at PricewaterhouseCoopersLLP of her time as a judge for theAccounting Case. “I started askingthe students where they were goingon exchange. It fascinates me theway the School is incorporatinginternationalism into its programs.”Volunteering her time not onlykeeps her connected to her almamater, it also provides an opportunityto meet potential recruits for herfirm. An unexpected bonus is theway the January competition helps to recharge her batteries ata time that is typically very busy for auditors.“After two days at ICBC, I feel completely energized. Thestudents’ enthusiasm is contagious, and their presentations arealways very impressive. After serving as a judge the first year, I’vemade a point of finding the time in my schedule to participate in thisamazing student-run conference that has such a rich history.”She has also twice lectured on diversity issues at theundergraduate level, presented and served as a moderator at theCommerce Women in LeadershipConference, and was one of the chieforganizers behind the CommerceClass of 1982’s 20- and 25-yearreunions that raised $114,000 forthe QSB’s Goodes Hall expansion.“Support of Queen’s School ofBusiness can take many forms,”says Dean David Saunders. “Gifts oftime, expertise and resources are animportant part of our ability to preparefor the future. We wouldn’t be Canada’sleading business school if not forthe contributions of our volunteers.”Carol comes by her School tiesnaturally. She’s the third generationin her family to attend Queen’s, andher father David has yet to miss asingle reunion in the almost 50 yearssince his graduation from the Faculty of Applied Science.Another Queen’s grad in the family is Carol’s husband,Grant McDonald, also BCom’82, Tax Business Unit Leader,East, for KPMG LLP.“We’ve all had successful careers that started with Queen’s,”she says. “It’s why I keep coming back.”And it’s why she keeps encouraging others to do likewise:“Take the time to volunteer. You’ll get more out of it than youcan imagine.”53

ALUMNIALUMNI ATTENDEES AT INFORMATION SESSIONSFirst-person accounts from alumni who attend information sessions are crucial in helping us promote our programs. Thanks to thefollowing alums who attended information sessions over the past year.FULL-TIME MBAKalyan Ayyalasomayajula ’07Arndt Brettschneider ’08Biswajit Das ’07Logan Dunning ’08Youssef Fraiwat ’08Sameer Goel ’07Kanuj Gupta ’08Kyle Jordan ’08Hadi Kanaan ’08Babla Karthamada ’08Sarah Khan ’08Zeeshan Khan ’08Geordie King ’08Dennis Kondratev ’08Jian Luo ’07Arthur Ma ’08Manish Malik ’07Sarah Milton ’07Manish Mundada ’08Anand Radia ’08Ashok Raghupathy ’07Vishal Rai ’08Michele Romanow ’08Avi Sharma ’07Jamie Thomson ’07Simmy Wan ’08Anthony Young ’08Derrick Zhuang ’08ACCELERATED MBAJenn Abbatiello ’09Mo Al-borno ’09Bram Bregman ’09Chris Carr ’09Ted Chisolm ’08Marc Cormier ’07Tarek El-Hennawy ’08Nathalia Franco-Garcia ’08Patrick Girard ’09Dave Hannah ’09Cherry Itty ’08Kurian Jacob ’09Greg Katz ’09Todd Kennedy ’05Kel Knutson ’09Sena Kowalsky ’09Angie Kozina ’09Dan Monehin ’05Shelly Nowroski ’09Sophia Ostashevsky ’09Lisa Punit ’09Ben Rodier ’09Rob Watson ’09Sam Welscheid ’09EXECUTIVE MBAPat Adams ’03Marj Akerley ’08Robert Andrews ’08Robert Arnoth ’04Gerry Bally ’05Christian Berndt ’09Shawn Burns ’07Sylvie Bussiere ’09Andrew Buzinsky ’09Ommer Chohan ’07Asif Choksi ’04Raymond Chow ’05Mike Cote ’02Michael Dagenais ’08Shelley Dooher ’09Atta Emami ’07Jeffery Faria ’01Sean Faulkner ’08Vincent Filion ’08Stephen Finnagan ’05Ginny Flood ’08Rocque Gameiro ’08Gurjit Gill ’05Kathy Grant ’07Michael Gwynne ’01Caroline Harduwar ’09Karen Henderson ’08Albert Ho ’05Laura Hopkins ’09Anne Johnston ’02Jennifer Jones ’09Anthony Kakpovbia ’05Mark Kaluski ’07Amit Kapur ’08Muneeb Khan ’05Gordon Kim ’02James Kishore ’08Mireille Landry ’05Timon LeDain ’08Michael Lerer ’09Juanita Lohmeyer ’09Michael Lundquist ’08Kirby Mack ’07Ian Major ’09Paul Martin ’05Kim McCallum ’09Scott McIntosh ’09James McKay ’05Shane McLellan ’05Ari Morris ’09Karen Morrison ’09Adam Murray ’09Mike Nabavi ’03Hashm Nasser ’07Martin Ostensen ’08Gerry Paquette ’09Geoffrey Parsons ’08Bruce Penn ’03Susan Petrushchak ’09Scott Phillips ’09Sabina Posadziejewski ’00Reno Puntillo ’08Ali Rajah ’08Gillian Richards ’09Elvira Sanchez de Maliki ’07Alireza Sanei ’09Fotios Saratsiotis ’09Sam Sarophim ’03Darryn Severyn ’05Jagdeep Sharma ’02Jas Singh ’08James Slater ’03Todd Stevens ’09Roy Sudipto ’08Rory Teiffel ’07Rami Thabet ’09Russell Thomas ’02Tom Thorpe ’08Vince Valenti ’07Roger Vandomme ’04Larry Weeks ’08Joost Wentink ’09Jeff Wilts ’08Steve Wong ’01An Yang Tina ’09Michael Young ’07Davis Yung ’02CORNELL-QUEEN’SEXECUTIVE MBARobert Andrews ’08Amit Kapur ’08James Kishore ’08Ian Major ’09Ari Morris ’09Martin Ostensen ’08Suzy Petrushchak ’09Scott Phillips ’09Rory Teiffel ’07Rami Thabet ’09Tina Yang ’09Michael Young ’0754

ALUMNI VOLUNTEERS FOR BUSINESS CAREER CENTRE INITIATIVESThe Business Career Centre acknowledges the following alumni who contributed to employment-related initiatives during the2008/2009 fiscal year. This list represents many of the volunteers who returned to campus to serve as panelists, for speakingengagements, mock interviews, etc. We would also like to recognize many others (not listed here) who have helped mentorcurrent students in their career planning activities.Amy Bergenwall BCom’08Sarah Brazier BCom’02Kevin Bresson MBA’06Adrian Cameron MBA’07Shari Carlaw MBA’05Rahul Chodavarapu MBA’07Daniel Clark MBA’08Adam Conn BCom’08Alex Cram BCom’02Aravine Deivasikamani MBA’09Colin Drylie BCom’06Warren Duffy BCom’07Tim Fowler BCom’89Ann Gomez MBA’00Adam Gordon MBA’09Laura Henderson BCom’08Eric Isenor MBA’08Alex Jackson BCom’07Babla Karthamada MBA’08Richard Kearns BCom’02A.J. Keilty BCom’03Shivani Lakhanpal BCom’02Ryan Latinovich MBA’05Derek Lin BCom’05Arthur Ma MBA’08Jennifer MacDonald BCom’04Ginny Marshall MBA’08Kyle McMann BCom’00Krista Mooney BCom’03Jacqui Nie BCom’07Owen O'Neil BCom’97Karthik Ramasubramanian MBA’09Jeff Rankine MBA’09Daniel Resnick BCom’06Alex Santiago MBA’08Farnaz Shahed MBA’09Jon Sinclair BCom’06Bryn Skilbeck MBA’08Christine Smith BCom’04Geoff Smith BCom’05Jamie Sullivan BCom’07Vikram Varma MBA’04Karlis Vasarais BCom’06Robert Wall MBA’07John Wallis BCom’99Jessica Wilford BCom’07Bruce Williams BCom’08COMSOC MENTOR PROGRAM VOLUNTEERSEvery year, the ComSoc Mentors and Alumni Committee invites recent graduates of the Commerce program to participate in amentoring program for current Commerce students. Thank-you from the 2008/2009 Committee co-Chairs, Corrine Luxon andSean Devlin, and from all the students who gained the benefit of the time and expertise of the following alumni volunteers.Francis Baillargeon BCom’04Gordon Chan BCom’06Christine Dankowych BCom’06Michael Douglas BCom’03Krista Hapke BCom’06Jordan Harpur BCom’03Ashley Kochman BCom’07Derek Lin BCom’05Karen MacArtney BCom’04Angus McOuat BCom’01Tamara Minnema BCom’03Cara Mitchell BCom’02Jackie Reid-Ivany BCom’02Courtney Rivington BCom’05James Sculthorpe BCom’03Paul Siu BCom’05Rosalind Young BCom’02CLASS GIVING VOLUNTEERSIt takes passion, commitment, and persistence to raise funds for a class gift. We thank the following stalwart alumni who tookon the challenge this past year to either launch new or manage ongoing class reunion gift campaigns. Their inspired efforts willimpact Queen’s for years to come.MBA’69David McConomyBCom’78Mike GilbertPeter KingstonGia SteffensenMBA’79Mike BallLinda CochraneStephen LloydStephen MoorePaula PhillipsHarold RoozenPeter McWhirterBCom’84Andrew ClarkeSue RooksMBA’84Shauneen BruderLorraine DykeStephen LundJanet MannWinston MeyerJohn MolloyRay RichardsonFrank WalshBCom’93Andrew CherwenkaAndrea CuthbertBryn JoyntAndrew LongTracy MuxlowBruce SelleryDan WiltonEMBA’94Vic PakalnisBCom’98Matt AaronsonRyan PedlowEMBA’99George O’NeillAndrea PeckhamBCom’09David GiglioAbby HoShelley MartinCornell-Queen’sEMBA’09Julie ChaseIan MajorBCom’84s with Prof. Lew Johnson at the Fall 2008 Homecoming Brunch55

ALUMNIINTERNATIONAL ALUMNI AMBASSADORSAlumni hosts David Nesbitt, MBA’70 (far left) and David Mulvenna, BCom’98,host QSB exchange students at the Royal Hong Kong Yacht Club in FebruaryQSB's international alumni network served asa valuable resource for Commerce and graduatestudents studying abroad in 2008/2009.The following alumni graciously agreed to becontacted by students headed their way, andwere available to provide advice and a helpinghand. Special thanks to those alumni who hostedstudents delighted to connect with some fellowex-pats. For information or to volunteer, sendan email to alumni@business.queensu.ca.Phil Afanasiev EMBA’02Robert Allan BCom’01Fred W. Allan MBA’95Stephen Anderson BCom’83Nadine Anderson BCom’94Sarah Beaucage-Gauvreau BCom’05Christene Boutilier MBA’76Scott Cameron EMBA’05Jan Charbonneau MBA’78Karsten Cramer BCom’03Gail Cullum BCom’76Timothy Cyr BCom’79Arindam Das MBA’06Biswajit Das MBA’07Louella Eastman BCom’78Lisa Elash BCom’88Jamie Farquharson BCom’97Erik Gaustad BCom’04Juha Halttunen BCom’84Christian Hansson BCom’04Christopher Hess BCom’96Alvin Hew BCom’86Christina Lambert BCom’87Myra Landsburg MBA’85Rosemary Leith BCom’83Vicky Lopez BCom’01Ryan Garrah MBA’04Peter Graham BCom’00Ben Grenier BCom’01Chris Hess BCom’96Darion Jones EMBA’00Kaled Kadri EMBA’02Angela Kelleher BCom’89Kim McEwen BCom’01Casey Lynch BCom’77Kyla McGrath BCom’86Christine Miyagishima BCom’98David Mulvenna BCom’98Ian Nelmes BCom’85David Nesbitt MBA’70Rita Novosel BCom’04David Pearson BCom’00Brian Polk MBA’86Scott Richardson MBA’95Helene Ronsse-Robinson MBA’81Dominique Roussel MBA’87Akash Shah BCom’97Lloyd McLellan BCom’97Jeremey Okolisan MBA’00Tim Onyett EMBA’95Nick Papaioannou EMBA’02Geroge Paraskevakos EMBA’02David Periera MBA’04Christina Raheja BCom’96Suzanne Rondeau BCom’04John Shipman BCom’99Kathryn Sinclair BCom’83Zoe St.John BCom’02Michael J. St-Pierre EMBA’00Jo-Anne Strader BCom’90Eric Tan BCom’96Vincent Tsang BCom’94Vanessa Van Thielen BCom’98Bob Wardrop BCom’86Gail Whiteman PhD’00Sarah Whittington BCom’99Rosalind Young BCom’02QUEEN’S BUSINESS CLUB EXECUTIVES AND VOLUNTEERSAll eight Queen’s Business Clubs around the world are run by and for alumni. Thanks to the Club Presidents, their Executivesand volunteers who make these tremendous alumni events possible through their creativity and hard work.Steve Albiani BCom’03Adrienne Bellehumeur BCom’03Nancy Bong BCom’01Alison Borrajo MBA’04Clara Chan BCom’02Maureen Connolly BCom’05Alex Danzinger EMBA’05Jason Flowerday EMBA’04Full-time MBA Advisory BoardSue Banting BA’81Rob Bruce MBA’87Peter Eddison BA’69Andrea Englert-RygusLib GibsonGreg GulyasKevin McCracken MBA’97Wayne McIntyre MBA’04John Molloy MBA’84Eugene RomanGeorge Rossolatos BCom’95Steven Van Binsbergen MBA’91Matthew Rudenko MBA’02Dan Saikaley BCom’82Mikael Sears EMBA’00Derek Szeto BCom’96Eric Tang BCom’96Debbie Trenholm EMBA’03ADVISORSQueen’s School of Business Advisory Board members are recognized on page 60 for their contributions to the School. AdvisoryBoards also guide the management of the full-time MBA program, the Monieson Centre and the CA-Queen’s Centre for Governance,all of whose members are recognized below.The Monieson Centre Advisory BoardProfessor Julian BarlingRuth CullenKathryn EverestProfessor Emeritus John Gordon MBA’63Professor Lynn Marcus, Bentley College,Waltham, Mass.Susan Marlin MSc’94Neil McEvoyPaul MuyssonDean David SaundersThe CA-Queen’s Centre for GovernanceAdvisory BoardRichard Clark BCom’81Brian LeaderTom O’Neill BCom’67, LLD’05Professor Steve SalterioDean David SaundersProfessor Ken Wong BCom’75, MBA’7656

GIVING MADE EASY –HOW YOU CAN SUPPORT QUEEN’S SCHOOL OF BUSINESSGifts, large and small, directly support your alma mater and help make our students’ learning experience secondto none. Follow the example of Commerce students who endorsed an optional fee that is expected to contribute$1.2 million over ten years towards the Goodes Hall expansion (see page 45). Or look to Donald (BCom’57) andRob (BA’88) Sobey whose donation funds scholarships for students from Atlantic Canada (see story on page 30).If you’re inspired to make a difference by making a contribution, here’s how:BY CHEQUE OR CREDIT CARDSend a cheque or money order payable toQueen’s University to:Queen’s School of BusinessGoodes Hall, Attn. Michelle MiatelloQueen’s UniversityKingston, ON K7L 3N6DONATE ONLINEUse the University’s secure websitehttps://www.givetoqueens.ca/qsb and pay by Visa, MasterCard,American Express or electronic funds transfer.For more information on your giving options, including the donationof securities, insurance gifts and bequests, visithttp://www.queensu.ca/giving/types.html or contact Michelle Miatelloat MMiatello@business.queensu.ca or 1.800.267.7837.Did you know?Many companies fully or partially match gifts made by their employees to the School. Check withyour Human Resources department or visit http://www.matchinggift.com/canada/queens/to see if your employer offers such a program. (See page 49).57

ALUMNIAlumniVALUED STAKEHOLDERS AND SUPPORTERSWell after graduation, our alumni continue to have an impact onQueen’s School of Business. From providing financial support, tospeaking at student conferences and in the classroom, to recruitingnew graduates and referring prospective students to our programs,alumni share in the School’s successes and aspirations.STAYING CONNECTEDQUEEN’S BUSINESS CLUBS• 8 Clubs run by and for alumni in Vancouver, Calgary, Toronto,Ottawa, Montréal, New York, London UK, and Hong Kong.• 30 events held in 2008/2009 brought together 1,420 alumniand their guests.58

CLASS REUNIONSQSB welcomed 194 alumni and guests at the 2008Homecoming Brunch. A total of 23 class reunions were heldon campus during the Fall Homecoming and inauguralSpring 2009 Reunion weekends.BCom’93sPaul and Vicki Hand and familyMBA’78sNorman and Joan Macintosh Mel and Nancy Goodes with Lois MoniesonBCom’84s and BCom’89sALUMNI CENTRAL WEBSITEJohn GordonSpring Reunion Brunch in Goodes Hall5,600+ alumni have signed up to QSB’s secure, password-protected website as of October 2009 to connect with fellow QSBalumni. Alumni Central now links to the subscription-based Going Global website that provides employment,industry and cultural information on 32 countries and 48 cities in the U.S. and Canada.ALUMNIAMBASSADORS51 “Alumni Ambassadors” in citieswhere students are studying on exchangeagreed to provide advice or assistance toQSB students.Alum Vanessa Van Thielen, second from right,hosts QSB exchange students in Belgium.59

Queen’s School of BusinessADVISORY BOARD MEMBERSSHÂN ATKINS, BCom’79Managing Director,Chetrum Capital LLCRYAN GARRAH, BSc’00, MBAst’04Director Growth and Planning,Emerson CanadaGORD NIXON, BCom’79, LLD’03President and Chief Executive Officer,RBC Financial GroupFRED SINGER, BCom’86Chief Executive Officer,Grab NetworksIAIN BRUCE, BCom’81Managing Director Risk Management,AMBAC Assurance Corp.PAUL HAND, BA’69, MBA’73Managing Director,RBC Capital MarketsTHOMAS O’NEILL, BCom’67, LLD’05Retired Chairman,PricewaterhouseCoopers ConsultingDONALD SOBEY, BCom’57Emeritus Chairman,Empire CorporationJEFFREY CARNEY, BCom’84Senior Managing Director &Head of Global Marketingand Products,Putnam InvestmentsEWOUT HEERSINK, MBA’74Managing Director,ONEX CorporationSAM POLLOCK, BCom’88Managing Partner,Brookfield Asset Management Inc.PENNY SOMERVILLE, BCom’78Executive Vice-President andSenior Market Risk Officer,BMO Financial GroupCHRIS CLARK, BCom’76Chief Executive Officer,PricewaterhouseCoopers LLPMICHAEL KEHOE, BCom’78Chief Executive Officer,Cosmetica Laboratories Inc.SHARON RANSON, BCom’80President,The Ranson Group Inc.COLIN TAYLOR, BCom’84Partner and Managing Director,DLJ Merchant BankingPartners-Credit SuisseAlternative InvestmentsGREG COCHRANE, MBA’74General Partner,Graoch AssociatesTHOMAS KINNEAR, BCom’66,PHD, LLD’02Eugene Applebaum Professor ofEntrepreneurial Studies and Professorof Marketing,Ross School of Business, University ofMichiganDONALD ROBINSON,President and Chief Executive Officer,CARA Operations LimitedBRENDA VINCE, BCom’77Head of Wealth Management Strategy,RBC Wealth ManagementSHAWN COOPER, BCom’87Managing Director and CountryManager Canada,Russell Reynolds AssociatesJIM LEECH, MBA’73President and Chief Executive Officer,Ontario Teachers’ Pension PlanDAVID SCULTHORPE, BCom’83 (Chair)Chief Executive Officer,Heart and StrokeFoundation of OntarioBOB WARDROP, BCom’86Co-Chief Executive Officer,Belvall CapitalDAVID COURT, BCom’79Partner, Director & Global MarketingKnowledge Leader,McKinsey and Company (Dallas)MARK MACDONALD, BA’79Managing Partner,Highlands CapitalJOHN SEE, BSC’79, MBA’81Executive Vice PresidentWealth Management,TD Bank Financial GroupBENITA WARMBOLD, BCom’80Senior VP and COO,CPP Investment BoardANDREW DUNIN, BSc’83, MBA’87Dunin Management ServicesWALT MACNEE, BA’77, BEd’78President of Global Markets,MasterCard WorldwideDAVID SHAW, BCom’75Chief Executive Officer,Knightsbridge Human CapitalManagementCATHY WILLIAMS, MBA’77Retired CFO,Shell CanadaIAN FRIENDLY, BCom’83Executive Vice President and COOU.S. Retail, General Mills Inc.DOUG MCINTOSH, BCom’82Managing Director,Alvarez & Marsal Canada ULCMIKE SIFTON, BCom’83Managing Partner,Beringer Capital60

QSB Advisory Board ChairsFrom the OUTGOING CHAIRIt’s been four years since I took on the role of Chair of the School’s Advisory Board. The progress theSchool has made during this period has been truly impressive. New programs have been launched,more are planned, existing programs are evolving to meet today’s demands, and almost $13 millionhas been raised towards the $22 million target for the expansion of Goodes Hall.The Advisory Board has played a pivotal role in these initiatives. These tremendous individualsbring global and local perspectives and extensive business experience to the table. Their strongcommitment is demonstrated by their donation of time, advice and money in support of theSchool’s priorities. During my time as Chair we’ve grown as well – adding 16 new members tofurther diversify the Board – in gender, geographic representation and business background.It’s been especially rewarding to work with the Dean and his team. They listen well as we debate the issues at hand and offer ouradvice. The ideas, feedback and perspectives of the Board are heard, decisions are made and action is swift.I would like to thank Jim Leech for agreeing to be my successor. Jim's contribution to the School and Queen's is truly inspiringand reflects his longstanding commitment to volunteer work and community support. He is an inspirational choice to lead theAdvisory Board again, and I’m delighted to continue to serve as Past Chair.With the momentum we’ve gained, it’s more vital than ever that our alumni andfriends continue to support the School’s ambitious plans.David Sculthorpe, BCom’83CEO, Heart and Stroke Foundation of OntarioFrom the INCOMING CHAIRIt’s been my privilege to serve on QSB’s Advisory Board on three separate occasions, includinga previous term as Chair in the 1990s. When Dean Saunders invited me to serve as Chair again,I gladly accepted. It’s an honour to lead a group of such accomplished business people whobelieve as passionately as I do in the success of the School.The Board’s role is an advisory one. We’re a sounding board – a sanity check if you will – offeringadvice on strategy, opening doors to our international networks, and bringing considerableexperience from a variety of disciplines to the discussions. From there, the onus is on the Deanand his management team to listen, decide and then execute on the School’s priorities.The Board is solidly behind the Dean as we move forward. Our focus is to continue to raise funds for QSB’s strategic priorities,including the expansion of Goodes Hall, and to help the School build its international presence and reputation.I look forward to working with my colleagues on the Advisory Board to support Dean Saunders and the QSB faculty and staff aswe strive to achieve the School’s vision of becoming one of the world’s most innovative and influential business schools. Asalumni and friends of QSB, I encourage you to engage in this exciting time for the School and to get involved whenever youcan. We need your input, drive and commitment to remain as strong and focused as ever.Jim Leech, MBA’73President and CEO,Ontario Teachers’ Pension Plan61

CONTACT QUEEN’S SCHOOL OF BUSINESSACADEMIC PROGRAMSCommerce 613.533.2301Full-time MBA 1.888.621.0060National Executive MBA 1.888.393.2622Executive MBA Ottawa Classroom 613.566.3622Accelerated MBA forBusiness Graduates 1.888.460.5869Cornell-Queen’s Executive MBA 1.888.393.2622PhD in Management 613.533.2303MSc in Management 613.533.6280Master of Global Management 1.866.861.1615EXECUTIVE EDUCATIONQueen’s ExecutiveDevelopment Centre 1.888.393.2338CENTRESQueen’s School of Business Centre forCorporate Social Responsibility 613.533.3331Queen’s Executive Decision Centre 613.533.6681CA-Queen’s Centre for Governancecagov@business.queensu.caQueen’s Business Consulting 613.533.2309Queen’s School of BusinessCentre for Business Venturing 1.877.955.1800The Monieson Centre 613.533.2350Centre for International Management 613.533.6833Business Career Centre 613.533.6715ADMINISTRATIONOffice of the Dean 613.533.2305Development and Alumni Relations Office 1.800.267.7837Marketing and Communications 613.533.2269Published annually byQUEEN'S SCHOOL OF BUSINESS,QUEEN'S UNIVERSITY,KINGSTON, ONTARIO CANADA K7L 3N6TEL: 1.877.533.2330EMAIL: Alumni@business.queensu.caWEB: www.business.queensu.ca© 2009 Queen’s UniversityIf undeliverable, please return to:Queen’s School of BusinessGoodes Hall, Room 447Queen’s UniversityKingston ON K7L 3N6