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---

SFU

SIMON FRASER UNIVERSITY

FACULTY OF BUSINESS ADMINISTRATION

MEMORANDUM

Office of the Dean

8888 University Drive

Burnaby,

Be

VSA 156

ATTENTION

Dr. Jon Driver, VP, Academic, Chair ofSCUP

FROM

Dr. Daniel Shapiro, Dean

TEL 778.782.5305

FAX 778.782.5833

fbadean@sfu.ca

SCUP 10 .. 90

RE:

William J .A. Rowe EMBA Alumni Endowment Fund supporting the William J .A. Rowe

EMBA Alumni Professorship Terms of Reference

DATE

Dec. 3,2010

The Faculty of Business Administration is requesting the support of SCUP for the WilliamJ.A.

Rowe

El\1BA Alumni Endowment Fund supporting the William

J

.A.

Rowe EJMBA Alumni

Professorship Terms

of Reference. If SCUP supports these Terms of Reference, we would like them

to go to Senate and the Board

of Governors as soon as possible.

The WilliamJ.A. Rowe EMBA Alumni Endowment Fund (the "Fund") was established

in

2010

with a transfer of funds from the Executive

tvlBA

Alumni Endowment fund, at the direction of the

EMBA Alumni Endowment

Fund Advisory Committee. The new Fund was created and named to

honour

tvIr. WilliamJ.A. Rowe, who graduated from the EJvIBA program in 1972. Mr. Rowe passed

away in May

2010.

.

The purpose of the William J .A. Rowe ElvfBA Alumni Professorship is to promote excellence in

research and teaching

in

the Faculty of Business.

EneL

DL/al

Cc: Wendy Unger.

Sarah

Dench,

Director, Administration

Director, University Curriculum and Institutional Liaison

SIMON FRASER UNIVERSITY

THINKING OF THE WORLD

---

SIMON fRASER UNIVERSITY

THINKING OF THE WORLD

Williatn J .A. Rowe EMBA Alumni Endowment Fund

Supporting the

William J .A. Rowe EMBA Alumni Professorship

Terms

of

Reference

The William J .A. Rowe EMBA Alumni Endowment Fund (the "Endowment Fund" or

"Fund

U

)

was established in 2010 with a transfer of funds from the Executive MBA Alumni

Endowment fund, at the direction of the EMBA Alunmi Endowment Fund Advisory

Committee. The new Fund was created and named to honour Mr. WilliamJ.A. Rowe,

who graduated from the EMBA program in 1972. Mr. Rowe was born in Portage La

Prairie,

MB, and worked for many years in senior management at Air Canada. Mr. Rowe

served on SFU's Senate, Board of Governors, and EMBA Advisory Conunittee. He

received the Chancellor's Distinguished Service Award in 1995 and an Outstanding

Alumni Award

in

1996. When he died in May 2010, Mr. Rowe was a falniliar and well

loved member of the SFU alumni conununity) and a trusted advisor to the EMBA

program.

Purpose of the Endowment

The purpose of the Executive MBA Alunmi Endowment Fund was to provide "support

for the

EMBA

Programs and the EMBA Alumni Endowment Fund Entrance Scholarship

Award,

(now called the EMBA Alumni Scholarships)." With the approval of the EMBA

Alumni Endowment Fund Advisory Committee, the capital in the Fund will be used to

create

the new WilliamJ.A. Rowe EMBA Alumni Professorship, and to supplenlent the

capital

in the Dennis F. Culver EMBA Alumni Professorship, so that the Culver and

Rowe endowments are of equal value. The EMBA Alumni Scholarships will henceforth

be funded by the Faculty of Business and by donations.

The purpose of the Williamj.A. Rowe EMBA Alumni Professorship (the "Professorship")

is to promote excellence in research and teaching in the Faculty of Business. Income from

the Fund will be used to provide salary supplements and research expenses for a qualified

scholar

who will be awarded the Professorship in the Faculty of Business Administration.

Fund Administration

The Endowment Fund will be held by Simon Fraser University. The administrator of the

Fund will be the Vice President, Acadentic. Donations to the Endownlent Fund rnay be

received

through Simon Fraser University.

The capital of the Endowment Fund will be held in perpetuity.

A

portion of annual

earned income may be reinvested

in the Endowment Fund to protect its value over time

when overall endowment earnings exceed the University's disbursement quota, as

stipulated in Endowment Management Policy GP 20 (the "Policy"). Also as established by

the Policy, a portion of annual earned income will be used each year to support the

Page

1

of3

---

SIMON FRASER UNIVERSITY

THINKING OF THE WORLD

William J.A. Rowe EMBA Alumni Endowment Fund

Supporting the

WilliamJ.A. Rowe EMBA Alumni Professorship

Terms of Reference

activities of the William J.A. Rowe EMBA Alunmi

Professor~

including teaching and

research.

In the event that circumstances make the specified use of the Endowment Fund no longer

practicable

or desirable, the Board of Governors of Simon Fraser University is hereby

authorized to make any changes

it may deenl necessary in the terms or use of the

Endowment Fund, such changes, however, to be in keeping as far as possible with the

original spirit and general interest

of the Endowment Fund.

Appointment

Simon Fraser University seeks to appoint a tenure track faculty member to the William

J

.A. Rowe EMBA Alumni Professorship.

The appointment will be for a five (5) year renewable term. The appointment and any

renewal will be concluded in accordance with University policies.

Page 2 of3

---

SIMON FRASER UNIVERSITY

THINKING OF THE WORLD

William J.A. Rowe EMBA Alumni Endowment Fund

Supporting the

William

J

.A. Rowe EMBA Alumni Professorship

Terms of Reference

Accepted by:

Cathy Da . to

Vice Presi nt) Advancement

Simon Fraser University

~

152,..O(()

ice President, Academic

imon Fraser University

~

Qdc9vu-

"2c tD

Date

Page 3 of3