SFU
MEMORANDUM
OFFICE OF THE VICE-PRESIDKN I, ACADEMIC AND PROVOST
University Drive, Burn.ibv, BC
Canada V5A 1S6
TKI.: 778.782.3925
PAX: 778.782.5876
S.12-124
www.sfti.ca/vpacademic
attention
Senate
date
July 25,2012
FROM
Jon Driver, Vice-President, Academic and
pages
1/1
Provost, and Chair, SCUP
RE:
Beedie School of Business: Terms of Reference the Ryan Becdie Chair in Finance
(SCUP 12-26)
At itsjuly 11, 2012 meeting SCUP reviewed and approved the Terms of
Chair in Finance.
nee for the Ryan Beedie
Motion:
That Senate approve and recommend to the Board of Governors the Terms of Reference for the Ryan
Beedie Chair in Finance.
encl.
c: D. Shapiro
C. Daminato
SIMON FRASER UNIVERSITY
engaging the world
MEMO
Office of the Dean
Beedie School of Business
MAILING ADDRESS
WMC5310
8888 University Drive
BumabyC Canada
VSA 1S6
778.782.4183
778.782.5155
dshapiro@sfu.ca
SCUP 12-26
Beedie School of Business
ATTENTION Dr. Jon Driver, Vice-Presidenl, Academic
Date July 3, 2012
FROM Dr. Daniel Shapiro, Dean, Beedie School of Business
RE Approval of Terms of Reference for the Keith Beedie Chair in Innovation and
Entrepreneurship and the Ryan Beedie Chair In Finance
I would like to recommend the approval of the creation The Keith Beedie Chair
in Innovation and Entrepreneurship and the Ryan Beedie Chair in Finance. Two
endowment funds of $3 million have been established to support these chairs;
funding will come from the $22 million donation from Ryan Beedie. The two
chairs are consistent with the strategic direction of the Beedie School. In
particular, they will support our focus on innovation, commericialization, and
entrepreneurship and our focus on financial risk management and corporate
governance.
Terms of Reference for these Chairs are attached.
I request that you bring this recommendation forward for discussion with the
appropriate individuals as well as SCUP and Senate for approval, in accordance
with policies A10.03 and GP 35.
c.
Ms. Cathy Daminato, Vice-President, Advancement and Alumni Engagement
2.
SIMON PRASES UNIVERSITY
ENGAGING THE WORLD
SFU
RYAN BEEDIE CHAIR IN FINANCE ENDOWMENT FUND
Terms ofReference
The Ryan Beedie Chair in Finance Endowment Fund was established in 2012 widi
$3
million of the
historic $22 million donation to SFU Business from the Beedie family, led by Ryan and Keith Beedie.
The endowment fund supports the Ryan Beedie Chair in Finance m the Beedie School
of Business.
The Donors
Ryan and Keith Beedie donated $22 million to Ryan's alma mater, SFU Business,which will now be
named the Beedie School
of Business. The Beedie Family donation is the largest gift that Simon Eraser
University- has ever received Burn and raised inBurnaby BC, P.yan Beedie earned his BBA in 1991 at
SFU and his MBA in 1993 at
UBC Jn 1992, he joined his family's industrial real estate development
firm.
Under Ryan's directiun, the firm has grown to be the largest landlord ofindustrial space in
British Columbia.
Purpose of the Chair
The Ryan Beedie Chair in Finance will provide excellence in research and teaching in the field of
finance, which could include subspecialties related to accounting, financial entrcpreneurship, capital
markets/ asset management or corporate governance. Income from the fund will be used to pay the
salary, benefits and related research expenses for the Chair.
Fund Administration
The endowment fund will be held by Simon Fraser University. The administrator of the fond will be
the Vice President, Academic. The annual spending allocation of the fund, defined in SFU's
Endowment Management Policy GP20, will be used each year to support the activities of the Chair.
In the event that circumstances make the specified use of die endowment fund no longer practicable or
desirable, the Board of Governors of Simon Fraser University is hereby authorized to make any
changes it may deem necessary in the terms or use of the endowmentfund, such changes, however, to
be in
keeping as far as possible with the original spirit and general interest of the endowment fund.
Appointment
The appointment will be for a five (5) year renewable tenn. The appointment and any renewal will be
concluded in accordance with applicable University policies.
Reporting
The Beedie School ofBusiness will provide an annual report to the donor on the activities of the
Chairholder.
JU-P-a-g e-
SFU
RYAN BEEDIE CHAIR IN FINANCE ENDOWMENT FUND
Terms ofReference
Aaepted by:
Ryan Beedie
President
Beedie Group
Date
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Vice-Presioefft, Advancement
Simon Fraser University
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