Senate Committee on University Priorities

Memorandum

TO:

Senate ?

FROM: ?

John Waterhoe16u'

Chair, SCUP/

Vice Presidnt, Academic

RE:

RBC Financial Professor in ? DATE: ?

Decembec1"004

Technology and Innovation

Terms of Reference

At its December 15, 2004 meeting SCUP reviewed and approved the terms of

reference for the RBC Financial Professor in Technology and Innovation, which is now

forwarded to Senate for approval.

Motion

That Senate approve and recommend to the Board of Governors the terms of reference

for the RBC Financial Professor in Technology and Innovation.

end.

cc: E. Love

G. Nicholls

a

0

---

RBC Financial Endowment for the RBC Financial Professor in

?

Technology & Innovation

Terms of Reference

?

December

7,

2004

The RBC Financial Professor in Technology & Innovation is established by the RBC

Financial Endowment Fund. The purpose of the Endowment is to fund the RBC

Financial Professor in Technology & Innovation, normally held by the Dean of the

Faculty of Business Administration, Simon Fraser University.

The term of the RBC Financial Professor in Technology & Innovation is normally for a

minimum of 5 years and is renewable upon approval of Simon Fraser University

following University Policy A10.06 that will govern the appointment and renewal of

such Professorships.

The Endowment will be held in perpetuity. A portion, as determined by the Vice

President Academic, will be used to support a stipend plus benefits for the

Professorship. Also, a portion is to be reinvested in the Endowment in order to protect

its value over time. Depending on the status of the Endowment the Vice President

Academic, as administrator of the Fund, may approve the awarding of a research grant

• ?

to the holder of the Professorship for the purpose of pursuing research into issues of

technology and innovation management.

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

longer practicable or desirable, the Board of Governors at Simon Fraser University is

hereby authorized to make any changes it may deem necessary in the terms or use of the

Endowment Fund. Such changes, however, would be in keeping, as far as possible, with

the original spirit and general intent of the Endowment Fund.