SFU
MEMORANDUM
OFFICEOFTHEVICE-PRES1DI.N I. ACADKMIC AND l'ROVOSl
88H8 University Drive, Biirnaby, BC
Canada V5A
1S6
TEL: 778.782.3925
FAX: 778.782.5876
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 Keith Beedie Chair in Innovation a?
Entrepreneurship (SCUP 12-25)
At itsJuly 11, 2012 meeting SCUP reviewed and approved the Terms of
Chair in Innovation and Entrepreneurship.
S.12-125
www.sfu.ca/vpacademic
nee for the Keith Beedie
Motion:
That Senate approve and recommend to the Board of Governors the Terms of Reference for the Keith
Beedie Chair in Innovation and Entrepreneurship.
end.
c: D. Shapiro
C. Daminato
SIMON FRASEK UNIVERSITY
ENGAGING THE WORLD
MEMO
Office of the Dean
Beedie School of Business
MAILING ADDRESS
WMC5310
8888 University Drive
Bumaby C Canada
VSA 1S6
778.782.4183
778.782.5155
dshapiro@sfu.cn
SCUP 12-25
Beedie School of Business
ATTENTION
Dr. Jon Driver, Vice-President, 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
7~
SIMON ERASER UNIVERSITY
ENGAGING THE WORLD
SFU
KEITH BEEDIE CHAIR IN INNOVATION AND ENTREPRENEURSHIP
ENDOWMENT FUND
Terms ofReference
The Keith Beedie Chair in Innovation and Entrepreneurship Endowment Fund was established in
2012 with $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 Keith Beedie Chair in Innovation and
Entrepreneurship
in
die Beedie School ofBusiness.
The Donors
Ryan and Keith Beedie donated $22 million to Ryan's alma mater, SFU Business, which will now be
named the Beedie School ofBusiness The Beedie Family donation is the largest gift that Simon Fraser
University has ever received. Born and raised in Burnaby BC, Ryan Beedie earned his BBA in 1991 at
SFU and his MBA in 1993 at UBC. In 1992, he joined his family's industrial real estate development
firm. Under Ryan's direction, the firm
has grown to be the largest landlord ofindustrial space in
British Columbia.
Purpose of the Chair
The Keith Beedie Chair in Innovation and Entrepreneurship provides excellence in research and
Leaching in the fields of entrepreneurship and/or innovation at the Beedie School ofBusiness. 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 fund 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 Chan.
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 deem 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
The appointment will be for a five (5) year renewable term. 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.
4_L_T2_a-g_c
SFU
KEITH BEEDIE CHAIR IN INNOVATION AND ENTREPRENEURSHIP
ENDOWMENT FUND
Terms ofReference
Accepted by:
Ryan Beedie
President
Beedie Group
Date
7,^/
1
Cathy Dairtfcato
Vice-President, Advancement
Simon Fraser University
/3?
Tntu^Lj 2.Qils
Date
D&iel Shapiro -
Dean, Faculty of Business
Simon Fraser University
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Jonathan Driver
•Vice/-President, Academic
ijiimon Fraser University
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Date
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