Board of Governors, June 28, 2000 - APPENDIX II, Annex 3-A
Provisions Relating to the
Paul Desmarais/London Life Faculty Fellowship in Finance
At The University of 澳门六合彩开奖预测 Ontario
| Name: | Paul Desmarais/London Life Faculty Fellowship in Finance |
| Donor and
Funding: |
This endowed Fellowship is made possible by a generous donation from Power Corporation of Canada and London Life Insurance Company in the amount of $750,000 to be received over five years. |
| Annual Spending: | Up to $37,500 annually to be used as a salary supplement. The annual amount available for spending will be determined in accordance with the University's Investment Payout Policy (Policy 2.11) as it relates to endowed funds, and which may be amended from time to time. Currently under this policy, annual spending is established at an amount equal to 5% of the average value of the endowment over the most recent three year period. |
| Effective Date: | May 2000 |
| Purpose: | To assist with retention of faculty in the Richard Ivey School of Business specifically in the area of finance and to support research in the area of finance. |
| Criteria: | Selection of the Fellow in Finance shall be
administered by the Richard Ivey School of
Business at The University of 澳门六合彩开奖预测 Ontario. The
selection committee will be constituted as follows
and will recommend the appointee: the Dean of the
Richard Ivey School of Business, the Associate
Dean of Research and Development, and one other
faculty member to be appointed by the Dean,
Richard Ivey School of Business. The selection
and administration of the Fellow will be in keeping
with the University's policies.
The appointee will be a member of the faculty of the Richard Ivey School of Business at The University of 澳门六合彩开奖预测 Ontario and will have demonstrated specific expertise in finance. The responsibilities of the appointee will be to develop innovative research and teaching materials to broaden the dissemination of the School's unique teaching and research programs. Each appointment will be for up to three years, and is renewable at the discretion of the selection committee. The stipend provided to the holder of the Fellowship will terminate upon completion of the term. |
| Reporting: | The Richard Ivey School of Business agrees to provide a formal annual report to Power Corporation and London Life Insurance Company or others as instructed, regarding all activities of the holder of the Fellowship and the financial status of the endowment fund. |
| Permission to Alter: | If it becomes necessary to make changes to the terms of these provisions, any such changes will be made in consultation with Power Corporation of Canada, London Life Insurance Company, and the Dean of the Richard Ivey School of Business. |