MUN receives major contribution from Power Corp. of Canada

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MUN clock tower. — Memorial University photo

Memorial University has received a $500,000 contribution from Power Corp. of Canada for "Dare To: The Campaign for Memorial University."

The university said in a news release it has designated this funding to the university’s Faculty of Business Administration to support the establishment of a chair in corporate governance and transparency.

Along with teaching in Memorial’s Faculty of Business Administration, the chair will undertake original research and integrate research from various disciplines concerning the role of corporate governance in Canada and beyond.

MUN says this is the first research chair to be established in the university's Faculty of Business Administration.

"Corporate governance is an area of growing interest in the global business sector. It focuses on the development of processes and best practices for corporate stakeholder relations, including reliable financial reporting and overall transparency and accountability," the university said in its news release.

“This generous contribution from Power Corporation of Canada will help Memorial University to take a lead role in the development of Canadian expertise in corporate governance,” said MUN president and vice-chancellor Gary Kachanoski. “As Memorial grows, investments such as this are key to attracting the very best students and faculty to our university.”

Wilfred Zerbe, dean of the Faculty of Business Administration, said the creation of the chair in corporate governance and transparency underscores the Faculty of Business Administration’s commitment to excellence and relevance.

"We are building on an established area of research leadership to increase the impact of our world-class research, and to enhance our contribution to public policy and corporate best practices. We are grateful to Power Corporation for its support,” Zerbe said.

“Power Corporation of Canada’s involvement with Memorial University goes back more than 30 years,” said Edward Johnson, vice-president of Power Corp. International.

“We are particularly pleased to extend our relationship with Memorial by contributing to the Dare To campaign. Our contribution to this campaign is part of a larger program of community involvement which has been part of our corporate culture for many years,” Johnson said.

Organizations: Power Corp. of Canada, Business Administration

Geographic location: Canada

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  • Why wasn't anyone from MUN astute enough to stop the give-away of our natural resources in the raw state?
    April 19, 2013 - 12:24

    Why hasn't anyone from any of the Faculties at Memorial University spoken up, over the decades, concerning the give-away of Newfoundland and Labrador's natural resources in the raw state? One would think that at least one of the faculty members there would have been astute enough to decipher that when a province's politicians give away their natural resources in the raw state, the province affected will suffer a severe economic catastrophe. Were they all toeing the line for what Ottawa wanted? Newfoundland and Labrador became an economic basket case because of the lack of somebody taking the reigns and speaking up. You would think that the Economics and Political Science Faculties at Memorial University would have picked up on the give-away and the resulting economic chaos that would occur. It seems to me that Nobody did, I wonder why?

  • Politically Incorrect
    April 19, 2013 - 10:32

    Free money? No strings are attached? Will we expect to see a similar donation to the School of Social Work? Methinks this chalice is poisoned

    • Rob
      April 19, 2013 - 21:14

      Maybe they can fix the time in the clock here, wrong for what seems like year(s). Why did plans like this spendy infrastucture not include the foresight for maintenance?