John Stackhouse, BCOMM’85, was named editor-in-chief of the Globe and Mail this week. Mr. Stackhouse has been with the paper since 1989 and has served as editor of the Report on Business since 2004.

The winner of five National Newspaper Awards, Mr. Stackhouse spent time as a foreign correspondent based in New Delhi, writing about issues across Southeast Asia and Africa. His 2001 book, Out of Poverty was based on his time in Asia, and he also wrote a cross-Canada hitchhiking diary, Timbit Nation. When he returned to Canada, Mr. Stackhouse worked as the Globe and Mail’s correspondent-at-large.

In recent years, Mr. Stackhouse has shared his knowledge and advice with fellow QSB alum, appearing as a guest speaker at QSB Toronto Business Club events.

Once again the Financial Times has ranked Queen’s School of Business as one of the top open enrolment executive education programs in the world, coming in at #21 according to the prestigious UK-based annual ranking. The global ranking positions Queen’s above well-known schools such as Oxford’s Saïd Business School, Esade Business School and the Booth School of Business at the University of Chicago.

The school’s world-class service model was recognized as fourth in the world for “Follow-up,” which measures each school’s diligence in providing “after-sale service” and networking opportunities when participants return to their workplaces.

Since 2000, Queen’s School of Business has been ranked within the top 25 in the world for open enrolment executive education programs every year by the Financial Times. With a growing list of custom executive education clients, Queen’s entered the custom executive education rankings for the first time, achieving a combined ranking (open and custom) of #31 in the world.

The complete rankings can be found on the FT website at http://www.ft.com/businesseducation/executiveeducation2009.

Adds National and International Not for Profit Category in second year of awards

TORONTO, May 12, 2009 – At a time when financial reporting is becoming increasingly important to organizations of all types and sizes, Ontario’s diverse and growing not-for-profit sector must keep up with the trend towards best practices. To help promote financial reporting excellence, the Voluntary Sector Reporting Awards (VSRAs) are back for a second year, bigger and better with a new category recognizing national and international not-for-profit organizations that are headquartered in Ontario.

“In these tough economic times it is more important than ever for not-for-profit organizations to be able to demonstrate to their stakeholders their ability to achieve their mission and use their resources wisely,” said Steve Salterio, Director of the CA-Queen’s Centre for Governance. “The Voluntary Sector Reporting Awards highlights organizations that clearly demonstrate both how they are working towards achieving their missions and using their resources as exhibited in their annual reports.

“If these organizations can show current and potential supporters that they practice assessable, clear and transparent reporting about how they handle their resources and fulfill their mandates, then only good things can happen.”

In the interest of promoting timely and accurate financial statements in the not-for-profit sector, the VSRA Program was created in 2008 by the CA-Queen’s Centre for Governance, which is a partnership between the Queen’s School of Business and the Institute of Chartered Accountants of Ontario. PricewaterhouseCoopers Canada LLP has been the sponsor of the program since its inception.

The awards are designed to recognize best practices for financial reporting in the not-for-profit sector and are open to registered charities that produce annual reports in Ontario. Organizations compete in four categories based on revenue size – less than $500,000, between $500,000 and $1 million, from $1 million to $10 million, and more than $10 million – as well as the fifth newly created category for national and international not-for-profits with head offices in Ontario.

The winners in each category will receive $5,000. Consistent with last year, charities that are organizations whose principal activities are run by or for municipalities, universities, hospitals or school boards are not eligible for this year’s competition as they have other means of demonstrating their accountability to their stakeholders. Nominated organizations are asked to submit their annual reports, including audited financial statements. Awards will be given to those reports demonstrating the highest levels of accountability and transparency and displaying highly effective communication with beneficiaries, donors and other stakeholders. All entrants will be provided with a copy of the technical screeners’ completed checklist so they can see where they met expectations or fell short and use that feedback to improve future annual reports.

Nominations are being accepted for the awards at the CA-Queen’s Centre for Governance website , PricewaterhouseCoopers’ website and at the ICAO website.  The deadline for applying is July 30, 2009 and the winners will be announced in November 2009 at an event in Toronto.

“Many of our members either work for or volunteer with not-for-profits, so we’ll be actively encouraging them to put forward those organizations that they feel represent the best in this vital sector’s financial reporting,” said Brian Leader, FCA, the Institute’s Co-Acting President and CEO and Vice-President of Learning. “We believe this competition helps the entire sector continually raise the bar for financial reporting and helps them accomplish the many wonderful things they do in communities across Ontario.”

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For more information, please contact:
Lisa Brophy-Gervais
Queen’s School of Business
613-533-2269
lbg@business.queensu.ca

Perry Jensen
The Institute of Chartered Accountants of Ontario
416-969-4271 or 1-800-387-0735 ext. 271
pjensen@icao.on.ca

Carolyn Forest
PricewaterhouseCoopers
416-814-5730
carolyn.forest@ca.pwc.com

About the CA-Queen’s Centre for Governance at Queen’s School of Business
The goal of the CA-Queen’s Centre for Governance is to raise the bar on Canadian governance research and convey that research’s implications to fellow academics, students and the public at large.  Situated at Queen’s School of Business, one of the world’s premier business schools, the Centre conducts cutting edge basic and applied research on corporate governance issues dealing with such issues as fraud prevention through better internal control and improving Canadian securities regulation. The Centre is also actively involved in the not for profit sector through the Queen’s Executive Development Centre’s course Fundamental of Governance for Boards of Municipal, Provincial and Federal Agencies, and Not-For-Profit Organizations, case writing, applied research and now the Voluntary Sector Reporting Awards.

About the Institute of Chartered Accountants of Ontario:
The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario’s more than 33,000 CAs and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession’s internationally recognized standards of qualification and conduct. A wide range of organizations and individuals count on Ontario CAs to provide trustworthy and strategic insight, business leadership and financial guidance. The Institute’s website is: www.icao.on.ca and the student website is http://www.guidetorulingtheworld.ca/.

About PricewaterhouseCoopers LLP
The PricewaterhouseCoopers Canada Foundation was established in 2004 and its mission is to make a positive, lasting change in our communities through the sharing of our time, expertise and resources. Through the Foundation, the firm encourages, supports and recognizes the sustained volunteer involvement of our staff and partners in the community. To learn more, visit http://www.pwc.com/foundation.

PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP and its related entities have more than 5,200 partners and staff in offices across the country.

“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.

QSB alumni Jeff Kinnaird (EMBA’05) and Josh Blair (Queen’s Executive Program, 2002) made the 14th annual Top 40 under 40 list. The list, presented by Report on Business and Caldwell Partners, recognizes Canada’s best and brightest business. More than 560 exceptional individuals under the age of 40 have received this recognition since the inception of the Top 40 under 40 awards in 1995.

Mr. Kinnaird is regional vice-president of The Home Depot of Canada. Twelve years ago, Mr. Kinnaird was a lumber associate at Home Depot’s Nanaimo, British Columbia store, and now oversees 105 retail stores and more than 15,000 employees in Ontario, Quebec and Atlantic Canada.

Mr. Blair is executive vice-president, human resources of Telus Corp. in Vancouver. Mr. Blair worked with BC Tel in engineering and information technology, and also ran a start-up firm that was connected with Telus. In 2001, he accepted a position with Telus running their learning division, and has been there ever since.

A third Queen’s grad, Scott Thomson (B.A.’92, Economics) also made the list. Mr. Thomson is executive vice-president, finance and Chief Financial Officer of Talisman Energy Inc.

The first honorees of the Queen’s School of Business Faculty Hall of Fame have been announced and will be inducted at the Spring Reunion luncheon at Goodes Hall on May 23.

The inductees for this year are:

Founding Leaders – outstanding professors who led the development of business education at Queen’s, until the business school became a separate faculty in 1963:
O.D. Skelton: 1907-1925
W.C. (Clifford) Clark: 1915-1923, 1931-1933
W.A. Mackintosh: 1920-1961
R.G.H. (Reg) Smails: 1922-1959

Contemporary Leaders – outstanding professors whose research, teaching or service since 1963 have built on the foundation laid by the Founders:
F.D. (Frank) Collom: 1971-2000
J.R.M. (John) Gordon: 1976-2001
R.J. (Rich) Hand: 1951-1989
N.B. (Norman) Macintosh: 1967-1998
D.D. (Danny) Monieson: 1961-1992
E.H. (Ted) Neave: 1971-1999

Emeritus Professors Merv Daub and Bruce Buchan, historians of the School, provided the historical knowledge and advice to the selection committee which was comprised of a broad group of alumni, student leaders, faculty and staff. For a full list of the selection committee please click here.

The next opportunity to nominate Founding or Contemporary Leaders into the QSB Faculty Hall of Fame will be in 2012. Visit the Faculty Hall of Fame web site for more information.

Queen’s Bachelor of Commerce 2009 students, Linda Chew, Nancy Li and Baille Zheng, were the national winners of L’Oreal’s E-Strat, the world’s largest online business simulation. In this virtual world, teams of three run a cosmetics company competing with other computer-adaptive companies in everything from R&D to pricing, promotion distribution and web management. The national competition is judged by L’Oreal executives in Montreal. The top three teams in Canada are invited to participate by submitting a twenty minute video that presents their strategy throughout the game. The judges then consider the stock price, business plan, and video before choosing the winning team for Canada.

“L’Oreal told us that our video was by far the most creative in delivering our message,” said winning team member Linda Chew. “They were impressed by both the passion and professionalism we displayed in the presentation. I think working with my teammates was definitely the best part of the competition. It was such a great experience because we were leveraging each other’s strengths – numbers, generating creative ideas and writing. After devoting almost ten hours per week throughout this entire semester for the competition, winning the nationals is definitely an exciting accomplishment for us.”