the human factor

+u n i v e r s i t y o f a l b e r t a s c h o o l o f b u s i n e s s

Institutions must be conducted in such a

way as to relate them as closely as possible

to the life of people. The people demand that

knowledge shall not alone be the concern of

scholars. The uplifting of the whole people shall

be its final goal.

Henry Marshall Tory

First President

University of Alberta

4

16

24

corporatesocialresponsibility > 18 corporategovernance > 20 accountability > 22 respect > 23

campaign > 26 centresofimpact > 28 studentclubs+competitions > 30 businesscareerservices > 33 alumni > 34 financials > 36 businessadvisorycouncil > 38

teaching > 6 programs > 8 research > 12 people > 15

4

va lue

5

togetherAt the Alberta School of Business we value the

trust each and every student and parent has for

us to offer a world class business education. We

value the trust of our faculty and staff to offer a stimulating,

supportive, and ethical work environment. And we value

the trust of our community to provide graduates ready

to significantly contribute to their employers and their

community. In 2004/2005 we did deliver just that, and we are

pleased to share the highlights in our fifth annual report.

Together, we have accomplished a great deal. Through the

passion of our faculty, no less in research than in teaching,

through the spirit of our students and alumni, we serve our

community. A vibrant business school adds incredible value

to a community. In turn, a vibrant business community adds

incredible value to a business school. Each lifts the other;

each transforms the other. Michael B. PercyStanley A. Milner Professor and Dean

6

Teaching excellence is a tradition here and can be found

across departments, throughout departments, from our full

professors to our sessionals, and occurs at both the group

and individual level. Wide-spread recognition, both internal

and external, continues. Our passion for teaching and our

students is contagious.

Award-WinningFelipe Aguerrevere, our risk management expert, received the

second year MBA Students’ Varsity Consulting Group Professor of the

Year Award.

Terry Daniel, Erhan Erkut, and Armann Ingolfsson were the

recipients of the prestigious campus-wide Teaching Unit Award for

their joint work in management science.

Joseph Doucet was chosen by the University of Alberta’s Graduate

Students’ Association to receive its 2005 Academic Staff Award for

work of exceptionally high quality. Joseph is the coordinator for the

Natural Resources and Energy specialization in the MBA program.Erhan Erkut, 3M Teaching Fellow

6

teaching

The Alberta School of Business has received more

3M Teaching Fellowships – Canada’s top award for

undergraduate teaching excellence – than any other business school in Canada.

�

Rasmus Fatum (Finance), Doug Olsen (Marketing), and Peter

Tiessen (Accounting) were the 2005 Mackenzie Teaching Award

winners. These awards are presented annually to help demonstrate that

superior work in the classroom, attention to student development both

in and out of the classroom, working to improve courses and teaching

methods, is valuable and valued.

Sandy Hilton was the 2005 winner of the Chartered Accountants’

Teaching Award recognizing his efforts in teaching, teaching

innovation, his commitment to student clubs, and case competitions.

Payman Jula received the Business Students’ Association Sessional/

Visiting Professor Teaching Award. Payman taught supply chain

management.

Rodney Schneck, Professor Emeritus and former Dean, received

the Pierre De Celles IPAC Teaching Award for excellence in teaching

in public administration by the Institute of Public Administration of

Canada.

NationalLeadersThe Alberta School of Business is a national leader. Both

Mike Gibbins and Erhan Erkut are recipients of LIME, the

Leaders in Management Education award.

Terry Daniel and Armann Ingolfsson

�

8

programs

BachelorofCommercediscover it allOur BCom program allows maximum choice and flexibility. We have

done this by creating a host of majors (17) and minors (14), offering a

wide range of course selection (286), placing few restrictions on internal

or external electives, and reducing core requirements.

Accounting, Finance, and Marketing remain the top three majors, with a

growing interest in Business Studies and Business Economics and Law.

Community is put back into the classroom with the very popular cohort

model. First year business students are divided into groups of 70 and

remain together for all six required first-year business courses and

related extra-curricular activities, including the hotly contested Cohort

Cup.

Increased funding allowed 72 students to participate in six case

competitions.

This year’s student survey yielded our best results yet in terms of

student satisfaction with the quality of their education, perception of

teaching, and willingness to recommend the program to a friend. All

came in at a 95% satisfaction rate.

BCom2005Applications: 1,783

Admissions: 928

Enrolled Students: 2,090

Graduates: 597

3-month placement: 90%

SpecializedDegrees:

> Bachelor of Commerce Co-operative Education

> Bilingual Bachelor of Commerce

> Bachelor of Commerce Honours

> Bachelor of Science Agricultural Food Business Management

> Bachelor of Science Forest Business Management

�

AlbertaMBAchange your worldThe Alberta MBA is the perfect choice. You can pursue or discover

your own area of interest in our general program, or take advantage of

our innovative niche specializations and joint degrees.

The Alberta MBA is offered both full and part-time on the U of A

campus. This past year, two thirds of students chose the general

program; one third enrolled in the specializations.

The Natural Resources and Energy specialization, unique in North

America, was offered on the U of A campus, on-site in Fort McMurray

for the second time, and, new this year, on-line, in cooperation with

Athabasca University.

Our Executive MBA, offered jointly with the Haskayne School of

Business, ranked 57th worldwide by the Financial Times of London

ranking, and number two overall in the “aims achieved” category.

Our students won gold at the George Washington case competition.

Our MBA mentorship program, matching alumni with current students,

expanded to 75 participants.

MBA2005Applications: 210

Admissions: 77

Enrolled students: 250

Graduates: 95

3-month placement: 93%

Specializations:

> International Business

> Leisure and Sports Management

> Natural Resources and Energy

> Technology Commercialization

> Public Management

Jointdegrees:

> MBA/Master of Agriculture

> MBA/Master of Engineering

> MBA/Master of Forestry

> MBA/LLB

10

MBA

> MBA International Business – largest specialization

> Double degree programs with Mexico (ITESM, Guadalajara) and

France (Grenoble)

> MBA class, 43% international, representing 16 countries

> Study tours to Mexico (International), Houston (Natural Resources

and Energy), South America (EMBA)

BCom

> 119 students chose International Business major: 30 graduates

> 15 international business school exchanges: 43 outgoing students

> Most active exchanges: Vienna, Edinburgh, Hong Kong, Mexico

> Co-op placements to London, England and Singapore

> Three international majors with a language requirement:

East Asia, Europe, Latin America

Ourinternationalteam

> Barry Scholnick – Coordinator,

MBA International Business specialization

> Edy Wong – Assistant Dean International and Director,

Centre for International Business Studies

> Rolf Mirus – Named Vice-President International,

University of Alberta and Director, Western Centre for

Economic Research

a global education

Barry Scholnick, Edy Wong and Rolf Mirus

11

PhD2005Applications: 337

Accepted: 16

Enrolled students: 67

Graduates: 7

33% international

50% female

PhDperspective is everythingThe best business schools have PhD programs. Professors are drawn to

schools that give access to top minds and research assistance. Our PhD

students were in the classroom, were presenters at leading academic

conferences and they also received top teaching evaluations. Top

teaching and research go hand in hand.

After an intensive external review, the University of Alberta’s Faculty

of Graduate Studies and Research (FGSR) gave the Alberta School of

Business its highest ranking. This ranking is awarded to programs

that have world class research and internationally known graduate

programs. Less than five per cent of all graduate programs at the

University of Alberta have received this ranking.

Our PhD Director and holder of the Certified General Accountants’

Chair, David Cooper, continues to lead by example. David received

both the 2005 Haim Falk Award for Distinguished Contribution to

Accounting Thought and added one more Dr. to his title, as he was

awarded an Honourary Doctorate of Economics from Turku School of

Economics and Business in Finland. David Cooper

12

researchSSHRC2005Corporate governance, transparency and the real economic consequences of accounting rules: Karim Jamal and Jennifer Kao

Post-professional regulation: Roy Suddaby and David Cooper

Debt, taxes and employee stock options: Mark Huson

Affect integration in a simultaneous presentation context: Doug Olsen

Our research is rigorous, relevant, and recognized. The School

accomplished its major research goal of being in the top one per cent

of research-intensive, policy-shaping business schools globally, thanks

to hiring and retaining productive researchers, providing time and

support for research activities, and nurturing a vibrant research culture.

The Alberta School of Business ranked 45th globally in the Financial

Times of London 2005 research ranking. This ranking was based on

a collection of 40 top tier journals and corresponds to a ranking of

23rd among publicly funded business schools. Twenty per cent of our

Faculty published in elite journals this year. Almost sixty per cent were

supported by externally awarded research grants, including four new

SSHRC grants totaling over $356,000.

FamilyBusinessManaging for the Long Run: Lessons in Competitive Advantage

from Great Family Businesses, by research associates Danny Miller

and Isabelle Le Breton-Miller, was published by Harvard Business

School Press. The Alberta School of Business, through its Centre for

Entrepreneurship and Family Enterprise, also hosted the international

“Theories of Family Enterprise Academic Conference”.

13

JenniferArgocaution when shopping aloneJennifer Argo is on the move. In only her second year with the

School, Jennifer had her third and fourth articles published, and

her fifth and sixth accepted, in The Financial Times top journals.

Her high risk research is not only different from the norm in both

topic and research methodology, but is re-directing the field’s focus

towards social influence theory.

Her findings inevitably lead to lively debate.

She has found that consumers become less embarrassed to buy

a condom (socially sensitive purchases) the more familiar and

frequent the purchase.

As well, more expensive brands are chosen when standing next to

any person than alone.

And did you know that deception is more likely when purchases are

questioned in a social context?

Jennifer’s preferred and present topic is the impact of touch; her

inspiration comes very much from within.

Jennifer Argo

14

DavidDeephouserealizing value from corporate reputationCorporate reputation is a relatively new way of looking at a business,

and business wants to know more, much more, and fast. It is also

an area David Deephouse knows well, very well. An internationally

respected leader in the field, David is obsessed with media coverage

of business. What effect does business news have on managers’

decisions, on stakeholders, on researchers themselves studying these

businesses? How does business news get produced?

His past work demonstrated that positive media coverage influenced

financial performance and that positive coverage in the financial and

mainstream press may not be affected by critical coverage in the trade

press. David’s current work looks at how newspaper articles about

banks get produced. He finds that the business section had relatively

few positive articles, because most news about corporate social

performance appears in other sections.

The Alberta School of Business’ Centre for Professional Service Firm

Management is one of the University of Alberta’s recognized areas of

excellence. Given the value of corporate reputation as an intangible

company asset, the implications for David’s pioneering work are great.

David Deephouse

15

2,400 students are our raison d’être.

60 support staff provide the glue for our departments, centres,

programs, and administrative offices.

15 managers provide leadership and direction.

72 full-time faculty are affiliated with our three program offices,

12 centres, and four departments.

Our teaching is complemented with sessionals, executives-in-

residence, and visiting professors.

Our research is enhanced by research associates and assistants.

All are supported by leading-edge technology.

Nine Professors Emerti continue to be involved and

continue to inspire.

18,000 alumni make us proud.

Together we are better.

people

16

va lues

1�

trustThe Alberta School of Business has always seen

corporate social responsibility worthy of our

support and full attention.

Last year we said the following: While we do have specific

courses relating to ethics, environmental stewardship

and corporate social responsibility, the broader issue of

understanding the triple bottom line is sufficiently important

that it should be discussed in all courses and across all of our

departments. Put bluntly, it ought to be a theme that can be

identified in all our courses. This year, you could fairly say

that it would be difficult to find a class in which these topics

were not discussed.

These discussions continued outside the classroom, in our

research centres, in our student clubs, in our hallways,

outside our doors. Our students get it and are ready to get

on with it. They are prepared, they are passionate, and

they have been externally recognized for their social and

environmental stewardship and initiative. Take a look.

18

social responsibility

Just how good are we at integrating social and environmental

concerns into our curriculum? We’re a leader, not a laggard,

according to the 2005 Corporate Knights Survey. A top three

finish for our MBA program was equally matched by our

BCom program when compared to 34 Canadian business

schools. We received top marks for: inspiring student-

lead initiatives; a centre that addresses environmental

management: Centre for Applied Business Research in Energy

and the Environment (CABREE); a centre devoted to social

impact: Canadian Centre for Social Entrepreneurship (CCSE);

the MBA specialization in Natural Resources and Energy; and

significant and related course offerings and research.

Melanie Bowbell

MBA: Undergraduate:

1. York University 1. Trent University

2. Concordia University 2. York University

3. University of Alberta 3. University of Alberta

CorporateKnightsSurveyResults

1�

Tyler Wry

NetImpactThe international Net Impact organization, committed to using the

power of business to create a better world, could very well be the most

progressive and influential network of MBAs in existence today. And

our own Net Impact Alberta Chapter, could very well be one of the

most successful chapters worldwide. Under the leadership of Melanie

Bowbell, the Chapter achieved more than 350% membership growth,

with 44 new members, 550% financial growth, and 500% growth for

new initiatives. With an international membership of over 3,000 and

134 chapters, Melanie Bowbell was awarded the Net Impact Member of

the Month for June.

LeadershipAlberta Venture magazine honoured 13 young Albertans who will lead

us into the future. Tyler Wry, PhD student in Strategic Management

and Organization, with a passion for social entrepreneurship, was

the perfect choice. A researcher, teacher, and practitioner of social

entrepreneurship, Tyler is tradition with a twist.

To me leadership is being able to see what needs to be done, then going

out and doing it without being constrained by fear, risk, or the resources

at hand. Moreover, what needs to be done should be aligned with

improving the lot of humanity, not just the leader.

20

Increased attention to corporate ethics has also given rise

to the overall area of corporate governance, which has

been defined as narrowly as a company’s relationship to its

shareholders, or more broadly as its relationship to society.

Corporate ethics and accountability are huge issues, and our

people and research centres are leading the way once again.

WelcomeCCGIEstablished this year, the Canadian Corporate Governance Institute

(CCGI), our 12th applied research centre or institute housed in the

Alberta School of Business, is an instigator and clearinghouse for

research into all aspects of Canadian corporate governance. In addition

to focusing on the governance of listed corporations, the Institute

also studies the governance of family firms, public sector enterprise,

and not-for-profit organizations. The CCGI is associated with the

International Institute for Corporate Governance at Yale School of

Management, and the Global Corporate Governance Forum with the

World Bank. The inaugural event for the CCGI was to hear one of

Canada’s most respected and successful leaders, Stephen Jarislowsky,

address The Human Factor in Corporate Governance.

corporate governanceGovernanceForumsin cooperation with The Edmonton Chapter of the Institute of Corporate Directors (ICD)

ThePowerofGovernanceintheFamilyFirmJohn Ward, Kellogg School of Management

CanadianSarbanes-Oxley:WhataretheCosts?Terry Freeman, Flint Energy ServicesMichael Welsh, Almasa CapitalMark Huson, Alberta School of Business

EnhancingBoardandDirectorEffectivenessThroughEvaluationRichard Haskayne, TransCanada Corporation

StrategicThinking:theBoard’sRoleJohn Ferguson, TransAltaTom Scott, Alberta School of Business

CorporateGovernance:Hasitgonemad?Hugh Bolton, Chairman, EPCORRandall Morck, Alberta School of Business

21

RandallMorckcorporate governance: has it gone mad?Randall Morck is the Director of CCGI, and is internationally

recognized to be at the very top of whatever research field he pursues.

His primary area is corporate finance for which he has an incredible

gift of turning the very complex into the comprehensible depending on

the venue.

Corporate governance is a longtime passion, beginning with his

PhD thesis. While on sabbatical this year he was editor for the book:

A History of Corporate Governance around the World: Family Business

Groups to Professional Managers, to be published by the University of

Chicago Press.

Randall is also the holder of the Stephen A. Jarislowsky Distinguished

Chair in Finance, and a research associate with the National Bureau

of Economic Research in Washington DC. While on sabbatical, he

returned to his alma mater as the William Lyon Mackenzie-King

Visiting Professor of Canadian Studies at Harvard University.

Randall Morck

22

accountability

KarimJamaldo more rules actually make it easier to cheat?Accountability in corporate governance, transparency, and the real

economic consequences of accounting rules, is the research area of

Karim Jamal.

Excellence attracts excellence. Karim is a member of our Accounting

Department which continues to be one of the very best in Canada.

This year alone, Karim Jamal was named the Chartered Accountants’

Distinguished Chair in Accounting, was honoured by the Alberta

Institute of Chartered Accountants with a Distinguished Service

Award for service to the accounting profession and the community,

and received the McCalla Professorship, a prestigious University-wide

research appointment requiring significant community outreach.

Karim’s research was also awarded one of the four sizeable SSHRC

grants received by the School this year. The focus of the SSHRC grant

is on understanding how the specificity of accounting rules affect

production/operation decisions of management, extent of fraud, and

stock market efficiency.Karim Jamal

23

respect

Some say respect and values begin at home. Brothers Pat and Terry

Daniel would agree. Their parents cultivated an atmosphere of open,

non-defensive inquiry where ownership of a good idea was far less

important than its quality. This attitude has served both well in their

professional careers.

TerryDaniel:Most respected in the classroom

Terry Daniel is one of the best teachers I’ve ever been exposed to. He

said something that really stuck with me – that every interaction you

have, is to some extent, a set of negotiations, and you go into most of

those interactions knowing what you want to get out of them, but you

also want to leave something behind for the other person.

Deb Gordon, ’00 MBA, COO, University of Alberta Hospital

PatDaniel:Most respected in the boardroom

Pat Daniel: Fostering leadership is all about ensuring that people have

the right education, experience, values and motivation to lead. We are

very fortunate to have a great educational system in this country so

potential leaders come to us with excellent training. The values are often

instilled in people well before they enter the workforce, but it is critically

important that we reinforce the importance of integrity, honesty and

transparency.

TerryDaniel

Professor, Alberta School of Business

2005 Unit Team Teaching Award, U of A

2004 Canadian Business citation, Top Canadian professors

2002 Rutherford Teaching Award, Top U of A professors

Pat Daniel

Chairman, Alberta School of Business Advisory Council

President and CEO, Enbridge Inc.

Alberta Junior Achievement citation: Alberta Business Hall of Fame, 2005.

Alberta Venture magazine citation: Most Respected Corporate Leader, 2004.

24

va lue+

25

transformOur goal is to transform the lives of our

students so that they in turn will transform the

business and community they join or create.

Our value-added initiatives play an essential role with this

transformation.

Our integrative model of putting community into our School

is working. This includes advisory boards, mentors, guest

speakers, executives-in-residence, and Dean’s Forums;

having our School reach into the Alberta community

through our applied research, career services, executive

training, special events, and site-visits; and ensuring our

students are immersed in world views through exchange

opportunities, study tours, and an international student

and faculty body. There is tremendous value in business

education and that value will only grow with globalization.

At the end of the day, each of us wants our work and our

efforts to contribute meaningfully to society.

26

campaign

Our campaign, Building on Our Strengths: Investing in Our People, is

an integral part of the University’s campaign, and both are driven by

the belief that dollars placed in improving the quality, and securing the

position of learning in our culture, are dollars invested in the future.

We publicly launched our fundraising campaign December 1 in

Edmonton and December 2 in Calgary. Ours is a $20 million campaign.

We have currently raised $13.1 million.

EarnEd ExcEllEncE

BEst BusinEss schools in thE

World

Alberta School of Business:

Oldest business school in Alberta.

Longest accredited business school in Canada.

$�million

$�million

$3million

$3million

attractingandretainingthenextgenerationof

businessleaders

attractingandretaining

world-classbusiness

faculty

investinginourinfrastructureandtechnologyplatform

supportingourcommunitylinkages

2�

Alumnisupport

The MacLean Family – Bob, ’75 BCom and wife Maryanne (’75 BEd)

along with son Ryan (’00 BCom) and daughter Michelle (’03 BCom)

committed to a very generous long-term partnership benefiting the

School and its students.

Corporatesupport

We believe that if Canada is to compete with other countries for talent,

investment, and economic growth, we simply must invest in intellectual

capital and provide an environment for business to prosper.

RBC Financial Group President and CEO Gordon Nixon, after

announcing $1.5 million for family enterprise initiatives.

Volunteersupport

This campaign is about renewal: about investing not in bricks and

mortar but in people. Just as business reinvests its profits, with your

help, so must this School. Our “profits” are our alumni, our students,

and our faculty. Reinvesting in them will allow us to strengthen our

balance sheet.

Hugh Bolton, Campaign Chair

28

centres of impact

ABFIAlberta Business Family InstituteBusiness school alumni Tim Melton and Ralph Young, along with 13

members of the Melton family, shared an inspirational presentation on

the history, achievements, and challenges of their 82 year old company

Melcor Developments Ltd.

The Roadmap course for Entrepreneurial Families was launched in

both Calgary and Edmonton.

ABFI welcomed four top-tier visiting clinical professors in family

enterprise from Loyola, Kellogg, Notre Dame and Kennesaw State

Universities as week-long executives-in-residence.

35 families and over 100 family members from across Alberta

participated in ABFI programs.

The Alberta School of Business is a world leader in family business

research. ABFI works closely with its academic counterpart in the

School: the Centre for Entrepreneurship and Family Enterprise (CEFE),

and the Canadian Association of Family Enterprise.

CABREE

CentreforAppliedBusinessResearchinEnergyandtheEnvironment

A paper by one of your

undergraduate students (Chris

Brunton) was brought to my

attention through a company that we

work with. It is entitled “Exploring the

Canadian Geothermal Community.”

We were very impressed with the

paper and I was wondering if I would

be able to make reference to it in our

next company newsletter.

Ashley Phelan, Enerflo Geothermal Technologies Ltd., Calgary

CABREE’s activities and community linkages are integral to the success of the Natural Resources and Energy MBA specialization. Upcoming events, research projects and top student papers are posted on its Web site: www.bus.ualberta.ca/cabree.

2�

CIRASCanadian Institute of Retailing and ServicesThe 13th Annual CIRAS Henry Singer Award was awarded to Jim

Treliving and George Melville of Boston Pizza, in recognition of their

exceptional leadership in the retailing and services sector.

CIRAS delivered the only university-level Real Estate Certificate in

Alberta to 100 participants.

Activities also support the Retailing and Services Bachelor of

Commerce major; the CIRAS summer internship program placed 17

students.

30 industry partnerships. JJ Barnicke is the newest (senior) partner.

CIRAS is affiliated with the Retail Council of Canada and the European

Institute of Retailing and Services Studies. Work is continuing on the

$865,000 SSHRC grant that is studying e-commerce best practices.

Partners are participants in this research alliance.

ExecutiveEducationExecutive Education quickly

developed and delivered a

Collective Bargaining seminar

that helped improve our group’s

understanding and appreciation

of the bargaining process.

We are very pleased with our

results and appreciate using

the intellectual and practical

resources available from the

University of Alberta.

Denise Bodnaryk The PEPSI Bottling Group

For both public and private-sector clients, Executive Education designs and delivers customized educational programming to lead change and organizational performance.

Executive Education Southern Alberta office opens in Calgary.

community linkages

30

student clubs

RMBSRocky Mountain Business SeminarEstablished in 1965 under Dean Hu Harries, the five-day RMBS

conference is the longest-running and largest student-organized

business conference in Canada. This year marked 40 years for the

conference which carries on the tradition of bringing university

students from across Canada together with top business leaders to

discuss relevant business issues. Jasper Park Lodge was the venue as

over 200 attendees enjoyed full days of seminars, keynote addresses,

and case competitions, as well as networking opportunities and

evening events.

PRIMEMakes the CoverMembers of PRIME, the Program for Research and Investment

Management Excellence, were featured in a front page story in the

Edmonton Journal’s Business section on January 26. The Prime

Program has 20 third and fourth year business students meeting with

business professors and mentors from the business community, then

buying and selling stocks on the Toronto Stock Exchange. Our students

have built a $750,000 investment portfolio, including $200,000 of

retained profits, by beating the stock market for almost five years.

StudentClubs

> Accounting Club

> Alberta Student Association for Social Entrepreneurship

> Business Beyond Club

> Business Students’ Association

> Cooperative Education Students’ Association

> Entrepreneurs Club

> Human Resource Management Club

> International Association of Students in Economics and Commerce

> Investors Club

> MBA Association

> Management Information Systems Club

> Net Impact

> Operations Management Club

> Rocky Mountain Business Seminar

> University of Alberta Marketing Association

> Varsity Consulting Group

31

GeorgeWashingtonThe Alberta School of Business MBA team of Gaylene Cromack,

Chad Elliott, Scott Kennedy, Marc Lachance, Christoph

Wilser, and supervisor Doug Olsen, took first place in the

international competition from among twenty teams of MBA students

from six different countries. Asked to come up with a business plan

for the Washington Metropolitan Area Transit Authority, the team so

impressed the judges that they not only came away with first place, but

their business plan was to be implemented.

In addition to their first place showing at George Washington

University, four other MBA case teams competed:

• Concordia University, Montreal – 4th Place

• MBA Games, Laval, Quèbec –

2nd Place (Marketing), 4th Place (Strategy)

• Net Impact, New York – 6th Place

UndergraduateCompetitions

This year saw an increase in both funding and student involvement in case competitions.

74 undergraduate students participated in nine competitions, including first time attendance at the Case IT Competition at Simon Fraser University and the Jeux de Commerce at Laval University.

At the 2005 International Collegiate Business Competition (ICBC) at Queen’s University, the most prestigious business student competition in Canada, two of our teams advanced to the finals with our students finishing second in Policy.

1. University of Alberta

2. Baylor University

3. University of Toronto

GeorgeWashington

InternationalMBA

CaseCompetition

case competitions

32

connected to Calgary

The following Calgary activities helped us stay better connected to the

over 2,000 Alberta School of Business alumni in the area:

Fall

• Eric Geddes Breakfast Series initiated, featuring Alberta School of

Business Faculty.

• 4th Annual EPCOR Distinguished Lecture.

• Alberta School of Business fundraising campaign Calgary launch.

Winter

• All-day site visit for MBA students in Natural Resources and

Energy specialization.

• MBA students job recruitment trip to Calgary and Toronto.

• Alberta Family Business Institute launched Roadmap Course for

Entrepreneurial Families.

Spring

• CABREE Climate Change Initiative.

• Executive Education Southern Alberta office opened.

• Executive Breakfast Series launched.

• Calgary alumni events at Deerfoot Meadows and Spruce Meadows.

Join us.

>

EMBAFinancial Times2005ranking:

Joint Alberta School of Business/Calgary Haskayne School of Business EMBA ranked 57th worldwide.

33

The newly branded Business Career Services is a vital link between the

School of Business and the business community.

Employment

• Posted over 600 jobs by 300 companies.

• 90% of BCom, 93%of MBA, and 97% of co-op graduates employed

within 3 months after graduation.

• 51% of students, who used the job posting Web site, felt it was the

most effective vehicle used in their job search.

Co-op

• The Co-operative Education Program gives students the opportunity

to alternate periods of study with periods of paid employment.

• Space for approximately 120 new students per year.

• 432 placements – strong support continues.

• Summer ’05 highest placement on record at 207.

• 51% offered permanent jobs with co-op employers.

Internships

• Full-time students in the MBA specializations complete a related

four-month work placement between their first and second year.

• Two MBA recruitment/placement coordinators are now on board.

business career services

Sarah Friedenberg, BCom Co-opJoe Sheldrake, Mentor, GE Commercial Finance

34

our alumni

The biggest impact of a university is through its graduates and its

ability to improve the quality of life for everyone. Our alumni continue

to play a major role in their communities and the ongoing success of

this School.

As we approach our 90th year, we have graduated over 18,000 alumni

spread throughout the world. We have alumni branches across Canada,

in the US, the UK and Hong Kong. Dean Mike Percy is a favorite

guest at branch events, and represented all faculties across campus in

November when he spoke to alumni groups in London, England and

Edinburgh, Scotland.

Our MBA mentorship program, matching alumni with current students,

expanded to 75 participants.

Our alumni magazine, Business, was the recipient of the gold medal in

the Council for Advancement and Support of Education (CASE) Juried

Awards competition.

Four Business alumni were celebrated with Alumni Honour Awards

during Reunion Weekend to ackowledge the significant contributions

made to their community: Donald Archibald, ’82 BCom, Harold

Kingston, ’73 BCom, Peter Lau, ’75 BCom, and Peter Read, ’87 MBA.

Nine alumni became new members of our Business Advisory Council.

(please refer to page 38 for a complete listing).

In the global world of the

21st century, we are all into a

lifetime of learning and it doesn’t

stop with your degree here today.

Ronald Mannix, ’72 BCom Honourary Doctorate of Law

University of Alberta Acceptance Speech

35

Clark Barr President, Business Students’ Association

Dustin Bateyko, ‘01 BComJJ Barnicke Edmonton

Ross Bradford, ‘79 LLB, ‘85 MBA Alberta School of Business Faculty Representative

Aaron Brown, ’97 BComManager, Portfolio Analysis Financial Services, University of AlbertaBAA Treasurer

Elke Christianson Director, External Relations Alberta School of Business

Jami DrakeManager, Alumni ProgramsAlberta School of Business

Russ Farmer, ’04 MBAActon Consulting Ltd.

Barton Goth, ’03 MBAGoth & Company Inc.

Marc LachancePresident, MBA Association

Harvey Lawton, ’73 BComAon Reed Stenhouse Inc.BAA Vice President

Darryl Lesiuk,’91 BComBAA Secretary

Robert Parks, ’99 MBASenior Consultant, Management Consulting ServicesMeyers Norris PennyBAA President

Chris Pilger, ’90 BComManager, CommunicationsInstitute of Chartered Accountants of Alberta

Rosa Spadavecchia ’01 MBACommunications Consultant

Paul Rechner, ’93 BCom, ’00 MBACustom House Foreign Currency ExchangeBAA Past President

Shelley Teasdale, ’01 BCom Alberta Government Services Business Application Support

Kurian Tharakan, ’86 BComPricewaterhouseCoopers LLPU of A Alumni Council Business Representative

BAAEdmontonChapterThe School of Business has one of the most active alumni groups on campus. These dedicated volunteers direct several initiatives each year that benefit the School, our students and the alumni community.

BAA Annual Dinner

Networking Receptions

Business in the Bears’ Den – Golden Bears’ Hockey

BAA Annual Luncheon

Convocation Breakfast

BAA Golf Tournament

BAA Scholarships

Speaker Series

Student Ambassador Program

Mentorship Program

Board of Directors

business alumni association

36

financials

July 2003 to June 2004

July 2004 to June 2005

$000 $000

University Funds 13,792 53% 14,066 49%

Own Source Funds

Endowment & Interest Income 3,200 3,270

Professional Development 2,628 2,820

Centres and Conferences 1,384 1,472

Research Grants and Contracts 1,657 1,886

Donations 771 796

MBA Differential Fee, net of central overhead 156 518

Undergraduate Differential Fee 269 474

Cost-Recovery Programs 630 1,088

Government Access Funds 1,406 2,170

Total Own Source Funds 12,101 47% 14,494 51%

Total Source Funds 25,893 100% 28,560 100%

source of fundsfor the reporting period July to June, unaudited

3�

use of fundsfor the reporting period July to June, unaudited

July 2003 to June 2004

July 2004 to June 2005

$000 $000

Teaching 7,584 30% 8,878 32%

Research 8,540 33% 9,145 33%

Service, Community Relations, Development 1,575 6% 1,925 7%

Professional Development 2,371 9% 2,650 9%

Technology and Infrastructure 1,298 5% 1,080 4%

Operating and Support Services 4,350 17% 4,500 16%

Total Use of Funds 25,718 100% 28,178 100%

Net Unrestricted Reserves (Note 1) 2,000 2,400

Note 1

Net unrestricted reserve constitutes reserves in endowment funds, donation funds and other internal own source funds which are used to advance specified education, research and service purposes according to the terms and conditions of the source.

38

Gordon ArnellChairmanBrookfield Properties CorporationToronto, Ontario

Mary ArnoldPresidentRichford Holdings LtdEdmonton, Alberta

Hugh BoltonChairman of the BoardEPCOR Utilities IncEdmonton, Alberta

Patrick DanielPresident and CEOEnbridge IncCalgary, Alberta

Marc de La BruyèreManaging DirectorMaclab EnterprisesEdmonton, Alberta

Jim DinningChairmanWestern Financial Group (WFG)Calgary, Alberta

Rosemary DomeckiPresidentDomtex Equities Inc.Dallas, Texas

John FergusonChairman, Princeton Developments Ltdand Chair of TransAlta CorporationEdmonton, Alberta

Karl FunkePresident and CEOMultitest elektronische Systeme GmbHRosenheim, Germany

Douglas Goss QCCounselBryan and CompanyEdmonton, Alberta

Paul HaggisPresident and CEOOntario Municipal Employees Retirement System (OMERS)Toronto, Ontario

Barry JamesManaging PartnerPricewaterhouseCoopers LLPEdmonton, Alberta

Hiroshi KurimotoPresidentNagoya University of Commerce and Business AdministrationNisshin-shi, Aichi, Japan

Phil LachambreExecutive Vice President and CFOSyncrude Canada LtdFort McMurray, Alberta

R. J. (Bob) MacLeanPresidentRJM CorpEdmonton, Alberta

Bernard MahExecutive Director, Giordano Group andSenior Vice PresidentGiordano International LtdKowloon, Hong Kong

Gay MitchellExecutive Vice President - OntarioRoyal Bank of CanadaToronto, Ontario

Amit MongaTechnology Investment BankingNational Bank FinancialToronto, Ontario

Randall MorckStephen A Jarislowsky Distinguished Chair in FinanceAlberta School of BusinessEdmonton, Alberta

Mike PercyStanley A. Milner Professor and DeanAlberta School of BusinessEdmonton, Alberta

Bob PhillipsVancouver, British Columbia

Roger PhillipsDirector of several listed companiesRegina, Saskatchewan

Larry PollockPresident and CEOCanadian Western BankEdmonton, Alberta

Gerry ProttiExecutive Vice President, Corporate RelationsEnCana CorporationCalgary, Alberta

Charlotte RobbPresident and CEODynacare Kasper Medical Laboratories Edmonton, Alberta

Indira SamarasekeraPresident & Vice-ChancellorUniversity of AlbertaEdmonton, Alberta

Bob SandermanPresident Oakwood Commercial Ventures, LLCDenver, Colorado

Joseph ThompsonChairmanPCL Construction Group Inc.Edmonton, Alberta

Carter TsengFounder, Vice Chairman, and CEOE-Tech Inc andFounder and Executive Vice PresidentMicrotek IncBeijing, China, and Taiwan

Guy TurcottePresident and CEOWestern Oil Sands IncCalgary, Alberta

Steven WilliamsExecutive Vice President, Oil SandsSuncor Energy IncFort McMurray, Alberta

William WinspearRetired BusinessmanDallas, Texas

Ralph YoungPresident and CEOMelcor Developments LtdEdmonton, Alberta

business advisory council

AlbertaSchoolofBusiness

CanadianBusinessLeader2005Award

Congratulations, Ross GrievePresident and CEO, PCL Construction Group Inc.

Value learning above all else. Learning is

essential, of course, but learning is also fun!

Make sure you never forget that. Learning will

keep you alive and I am here, at 101, to tell

you that learning will keep you young.

Harriet Winspear

Honourary Alumna

Alberta School of Business

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