April 19, 2013
Dr. Jeffrey Pittman has been named the Faculty of Business Administration's first research chair.
"The creation of the Chair in Corporate Governance and Transparency underscores the Faculty of Business Administration's commitment to excellence and relevance," said Dr. Wilfred Zerbe, dean, Faculty of Business Administration. "Through this chair, 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.”
A $500,000 contribution from Power Corporation of Canada to Memorial’s $50 million private sector fundraising campaign, Dare To: The Campaign for Memorial University, is supporting academic excellence at Memorial. The university has designated this funding to the Faculty of Business Administration to support the establishment of the Chair in Corporate Governance and Transparency. 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. Along with teaching in Memorial’s Faculty of Business, the chair will undertake original research and integrate research from various disciplines concerning the role of corporate governance in Canada and beyond.
Dr. Pittman joined the Faculty of Business Administration in 2000 after finishing his PhD at the University of Waterloo. Along with his appointment as Memorial’s Chair in Corporate in Corporate Governance and Transparency, he is also the university’s CMA Professor of Accounting. He holds two professional accounting designations, Chartered Accountant (CA) and Certified Management Accountant (CMA), and has compiled an exceptional track record which includes publishing 14 articles in journals on the Financial Times’ list of top business journals. Dr. Pittman has presented his research at some of the best scholarly conferences in his discipline, with his research routinely informing public policy discourse.
“I am thrilled to be appointed to this role, which I’m optimistic will enable me to continue to analyze the importance of firm-level and country-level governance structures to corporate economic outcomes,” said Dr. Pittman. “Ideally, research under the Chair in Corporate Governance and Transparency will have broad policy implications, hopefully leading to reforms that will benefit the economy.”
Dr. Gary Kachanoski, president and vice-chancellor, sees this new chair as an opportunity to advance corporate governance nationally, and to distinguish Memorial as a research institution.
“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 Dr. Kachanoski. “As Memorial grows, investments such as this are key to attracting the very best students and faculty to our university.”
Power Corporation has had a long history with the university, and was keen to be a part of the campaign, and to support academic excellence at Memorial.
“Power Corporation of Canada’s involvement with Memorial University goes back more than 30 years,” said Edward Johnson, vice-president, Power Corporation 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.”