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.