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Welcome back. For this episode of the Who (Health) Cares CFMS Podcast Series, host Erin gets to know Dr. Natalie Sirizzotti – a paediatrician working at the Windsor Regional Hospital in Windsor, Ontario. Dr. Sirizzotti attended medical school and completed her residency training at Western University's Schulich School of Medicine. She now engages in medical education and mentors students at Schulich. Fun fact – Dr. Sirizzotti actually started volunteering on the Pediatrics Ward at Windsor Regional Hospital when she was 16, and has now come full circle to work at the same place! Outside of medicine, she enjoys spending time with her family and exploring new playgrounds with her 2-year-old daughter. If you liked this episode, be sure to subscribe, leave a review, and follow us @cfmspodcast for updates on future guests and episodes! In Who (Health) Cares, we sit down with physicians across Canada and across specialties in hopes of getting to know them better. We'll talk a bit about medicine and a lot about who they are. Stay tuned for more guests, and stay connected on social media @cfmspodcast on Instagram! Credits: Host: Erin Lin Producers: Rachel Tooth, Erin Lin, Kieran Chalmers Editor: Ken Yu Social Media and Cover Art: Adela Gottardi Music: Slade Lake, Alex Baldassare @cfmsfemc
We talk about unqualified promotions producing bad leaders and what good training looks like. We also discuss how construction is changing, from the things leaders focus on to the rising importance of mental health. Learn how empathy is a critical thinking tool on this episode of The Construction Life Podcast. Find Marianick Pichon of Schulich ExecEd at ExecEd.Schulich.YorkU.ca and on LinkedIn at Marianick Pichon. Reach out at MPichon@Schulich.YorkU.ca. This show is brought to you byWhether you're interested in one-on-one coaching or breakout room sessions, Jonathan customizes his approach to your needs. He also travels the world, speaking at conferences and business events, inspiring leaders with his dynamic presentations.Discover how People First Leadership can transform your approach and ignite your team's potential with Jonathan Cinelli!Call 416 717 4139Email: jc@jonathancinelli.com Website: jonathancinelli.comT.A.P. – Tradespeople Alliance ProgramAre you ready to take your construction business to the next level? Join The Construction Life's Tradespeople Alliance Program, T.A.P., where skilled professionals connect, collaborate, and grow together. Our network is built on mutual respect and the shared goal of always building better.Don't miss out on this opportunity to elevate your business. Become a member of The Construction Life's Tradespeople Alliance Program today, and start reaping the benefits. Visit www.theconstructionlife.com for more details or dm us through social or text Manny directly at 416 433-5737 to learn more and be a TAP member.Life coach Teresa Greco understands the unique pressures of your world. You'll learn practical tools and strategies to unlock your inner joy. Let her help you build a stronger, happier you.So don't let stress hold you back. Schedule a free consultation today. You deserve to be happy because life is too short to be anything but. Check out Steps to Happiness Coaching at teresagreco.ca or email Teresa at stepstotruehappiness@gmail.com or connect with her on IG @teresagreco_stepstohappiness or Facebook Steps to Happiness with Teresa GrecoAt Trade Links Consulting, we're passionate about helping you find the right trade, build your business, and mentor the next generation. Whether you're exploring your options or ready to take the plunge, we offer tailored career consulting and startup guidance to get you on the right track. Visit www.tradelinksconsulting.ca today and book your personalized strategy session. Your future in the skilled trades starts here!
“We've been offered or at least suggested, ‘Why don't you move your headquarters to the US?' The only way we'll move our headquarters outside of Toronto or Canada is if I get fired.” Christian Weedbrook, CEO and founder of Xanadu, joins to discuss his optimism in building a quantum unicorn in Canada, his hope of raising an all-Canadian round, and how it will help him get one step closer to a quantum data centre. Presented by the Master of Business Administration in Technology Leadership (Tech MBA) at Schulich School of Business. Gain a Competitive Edge. Design the future with Schulich's Tech MBA.
“I think ambition is a problem… Canada is a go-for-bronze culture, and that sucks.” Kinda. Presenting BetaKit chair Satish Kanwar's fireside chat and AMA with Shopify CEO Tobi Lütke at the BetaKit Town Hall. The pair discuss the state of Canadian innovation, government and policy, and what comes next. With special guests from CDL, Ada, Knix, and Version One Ventures. Presented by the Master of Business Administration in Technology Leadership (Tech MBA) at Schulich School of Business. Gain a Competitive Edge. Design the future with Schulich's Tech MBA.
In this episode of Navigating Major Programmes, Riccardo Cosentino sits down with Sherena Hussain, lawyer, global thought leader in infrastructure and advisor to new partnership and sustainable finance models, to tackle the complex question: is private capital successful in major programmes? “The research and the industry and the research is beginning to align in the sense that we need to begin to do things differently. Now is the time to start to challenge the paradigm and do better.” – Sherena Hussain Key Takeaways:The role private capital in infrastructure major programmes The overlaying correlation and causation of politics in private capital The biases of private practitioners in determining the use of private capital Delivery models, risk transfer and the tools for successful major programmes Systems approach to complexity The collective responsibility and impact of stakeholder managementSherena Hussain's Published WorkRethinking the role of private capital in infrastructure PPPs: the experience of Ontario, CanadaExploring the Success of Social Infrastructure Public Private Partnerships: The Complex Case of Bridgepoint Active Healthcare in Ontario, CanadaIf you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. The conversation doesn't stop here—connect and converse with our LinkedIn community: Connect with Sherena Hussain on LinkedinFollow Navigating Major Programmes on LinkedInFollow Riccardo Cosentino on LinkedInRead Riccardo's latest at wwww.riccardocosentino.com Transcript:Riccardo Cosentino 0:05 You're listening to Navigating Major Programmes, a podcast that aims to elevate the conversations happening in the infrastructure industry and inspire you to have a more efficient approach within it. I'm your host, Riccardo Cosentino. I bring over 20 years of Major Programme Management experience. Most recently, I graduated from Oxford University Saïd Business School, which shook my belief when it comes to navigating major programmes. Now it's time to shake yours. Join me in each episode as I press the industry experts about the complexity of Major Programme Management, emerging digital trends and the critical leadership required to approach these multibillion-dollar projects. Let's see where the conversation takes us. Riccardo Cosentino 0:53 Hello, everyone. Welcome to a new episode of Navigating Major Programmes. I'm here today with Sherena Hussain. How are you doing, Sherena? Sherena Hussain 1:01 I'm doing well. Thanks. How are you? Riccardo Cosentino 1:04 I'm very good. I'm very good. I'm so glad we're on this podcast together. Thank you for agreeing to join me. I've known you for a long time. But maybe for the guests that may not have seen you on CBC or seen your work on LinkedIn, can you introduce yourself briefly? Sherena Hussain 1:21 Oh, wonderful. Well, thank you for that. Well, my name, as you mentioned, is Shereena. Hussein. I'm a lawyer as well as an academic. In addition to being in the infrastructure space for many years, it's so interesting that Riccardo, you and I, we go back, way back, to the Infrastructure Ontario days where I was a summer associate and I was able to work alongside some of your teams. And since then, my career has taken me in different directions. Practicing as a lawyer at McCarthy Tétrault moving into academia, including affiliations with the Schulich School of Business, and also dovetailing into a variety of different international work, including affiliations with the G7 and the G20, trying to pair private capital to sustainable infrastructure projects all around the world. And now more specifically, trying to connect different types of research to actual problems that we have in the infrastructure community, more specifically, how do we make those projects bankable but also sustainable economically as well as environmentally speaking? Riccardo Cosentino 2:26 Okay, very interesting. So you, obviously, our path connected in the past and having this still do because I'm also still involved with private capital. I work for AtkinsRéalis doing investments into infrastructure. I have not been able to attend your courses at Schulich. But I certainly have seen them or your affiliation with the university. I mean, today, we want to talk about, obviously, private capital, but we want to also talk about major programming in general, and the challenges that major programme bring in terms of on-time delivery, on-budget delivery, and the complexity of major programmes and the multitude of stakeholders that they involve. So it's a very, very complex ecosystem. And I think I would just want to explore with you what you've picked up over the years in terms of what is the function of private capital and how can private capital at times help and at times doesn't help major programmes? Sherena Hussain 3:34 Yes, and first and foremost, I'm so happy that you're having this podcast series, because often we don't talk about this enough, and really being able to step back, see how well we're doing as an industry, but also, where are the rules or the ways that we can otherwise find solutions? How do we improve or at least create a dialogue around that? And with my research, and it's actually in fact, one of the reasons why I ended up doing a dovetail into academia, was really coming to the reflection point of whether or not we can do things better. And you know, as well as I do, and most of your listeners know that there has been a considerable amount of challenges that are almost endemic to major projects and the idea that items are over budget, they're never on time and then there's fallacies on how we plan and how we execute. And you can just look for the headlines from time to time, in which case, we always end up scratching our head and asking ourself, how did this happen? And that was one of the major questions that led me to move into academia and also conduct research with a bit of a slant towards private capital, but less so from a pure financial perspective, but rather looking at the role of private capital at the intersection of law, risk, as well as how that infuses some of the planning processes. So that intersectionality is quite challenging to wrap your head around, let alone do research. What I found really telling is that in the process, being able to step away from just each project stage and each project clause or project agreement, which as a lawyer, you can appreciate that's something that matters very much to what we do. But being able to step back and look at, well, how do these items interact with one another? In the context of say, are these projects able to attract private capital? What influence does this have on how the parties behave over the duration of long-term project agreements, some instance upwards of 30 years? How does that then influence the different stakeholders outside of the agreements? And then how then does different decision-makers reflect upon that whether at the front end and when they're coming out with some of the projected benefits, but also, as they try to communicate what went well, and try to then encourage other jurisdictions to follow suit. And it's that latter piece, which some of my research has gained a lot of traction, because looking at, say, Canada, we are regarded around the world, as some of the leaders when it comes to preparing infrastructure projects using different delivery models. I know some of your listeners might not recognize that. But as someone who then goes around the world, and interacts with say, senior government officials that are looking to bring on board different types of sustainable infrastructure, they always ask, what is Canada doing? How can we learn from Canada? What are some of your practitioners' best practices? And how then do we follow suit? So when you put that into the context of things like private law, risk, and all the different, the contextual features that come into play with how we put in place major projects, we're not just making a decision as a one-off, we are influencing effectively global infrastructure. And that's where some of the research on private capital is anyways, both fascinating, but also daunting because it does have a ripple effect in terms of how practitioners may then take them into account, and then replicate that in other places around the world. Riccardo Cosentino 7:21 Wow, there's so much to unpack in that. Certainly, yeah, the role of private capital. And I think we, what we're seeing right now in Canada, and what we're seeing in the UK, is how the role of private capital has started to shift in certain type of infrastructure. Again, I don't want to overgeneralize, because, you know, there's a lot of places where a lot of assets where private capital is still using is still the domino form of financing. But in more traditional public infrastructure, we've seen a bit of a decline in the use of that type of capital, as a tool of achieving outcomes, because I think that that's important, I think it's important to define that in Canada, the use of private capital was with the purpose of creating different incentives and creating different outcomes for major projects, rather than using private capitals, as a source or as a gap filler for project funding or project financing. So I actually would like to ask you, what's your view in terms of how effective is private capital being, it's a loaded question, but how effective is private capital being in achieving different or I would say, better outcomes for project delivery or major projects in general? Sherena Hussain 8:55 That is a loaded question. I'll try to address this from the perspective of both research but also practice considering that I really have a foot in both worlds. Let me step back and understand well, what are the motivations to then introduce private capital? In many ways, those are your benchmarkers for success in terms of did it achieve that or did it not? And when we stop and think about the theory behind the use of private capital in mega projects, many of the key items include things like is it a way to then align incentives between different parties? Is it an opportunity and then to incentivize certain behavior so that you achieve value for money in terms of how best different parties are able to manage risk, as an example, or some of the the windfall profits can then be better managed by virtue of using private capital. You have the benefit of leverage to then induce different types of returns to then bring different forms of maybe longer-term private capital providers to the table which otherwise may have not been available. And then again, can you align the incentives with what the public sector also wants to achieve? One of the key challenges, though, that exists with just that theoretical approach to then benchmark, how well does private capital work or does not work is that just so much more (inaudible) with or without private capital. And this, you move beyond the theory, and then you look at, say, the process to then create a market that then entices private capital. The processes involved in terms of structuring different tender documents, getting some degree of negotiation, and also making your way through the process of financial close and then when the real fun begins, when the capital comes into different projects, that's when you see things like leadership and personalities come into the conversation. We also see the role of which different capital markets come into play. And inevitably, there's a political climate that, for the most, part does overlay whether or not private capital is available, but also how well it's priced and if that price outweighs some of the benefits that come with private capital. We're now entering a period in which case interest rates are much higher than they have been in at least the past six to seven years. That, in and of itself, introduces a different paradigm for just private capital and a cost-benefit analysis that might come into play. But also in that period, at least here in Canada, we're also seeing a morph in terms of what kind of delivery models have we introduced and how much private capital have they also been deployed. And that makes it somewhat difficult to then apply, say, our theoretical approaches for whether private capital is successful or not because there have been things outside of that traditional analysis that have occurred as well. So from a research perspective, it's difficult to say causation versus correlation. But what it ultimately means from, say, a decision maker's perspective is, well, if private capital was successful five years ago in a specific industry, does it mean I can replicate the exact same set of circumstances for another industry today? And the short answer is no, you have to then reevaluate, is it the right solution? And if it is, how much private capital? Which source? At what period of time? And all these different variables to then being able to then achieve some of those benefits like, are we aligning incentives over the long haul? Who takes on some of the most problematic risks that comes into play? And I will say that, Riccardo, is one in which we're entering a new frontier when we start to think about the role of private capital of mega projects, because not only has the ecosystem changed, but also much of the research is catching up to now being able to pull some holes in those assumptions. And the practitioner community is even recognizing that yes, we need to stop and think about is this the right set of contexts or circumstances for us to determine is it the right use? Is it not? And then be able to benchmark after the fact of whether it's successful or not. Riccardo Cosentino 13:18 Again, a lot to unpack. As you said, it was a loaded question, I think you answered it beautifully. For certain, the landscape has changed. And I like how you refer to practitioners. And so, by the way, for the non-academic listeners, we, I am a practitioner, as people in the industry are the practitioners. And so we have our own views. And I have to say that, without taking away much from practitioner, I do believe that the practitioner view's a little biased. So relying, of course, a practitioner will, a private sector practitioner will always push for private capital, and get that generates a return on the capital that is deployed. And so I think relying on practitioner to provide views on the use of private capital is a little biased but I think it's a necessary point of view. I think you touched upon the ability to assess the outcomes of these mega projects and the influence of private capital or public capital to the mega projects. However, I think it can be challenging because the horizons are very long and the datasets are limited when you have such horizons, right? When you have a project that could last five, seven, 10 years, you might actually not know the outcome of that project, probably couple of years after the contraction has been completed. And that could be 12 years from now. So it's really difficult to have, to assess the benefits of the impact that certain decision, like the decision of using private capital, can have on the outcomes. And that's why I touched upon the bias because obviously if you, if the people making the assessment are biased and you have incomplete data and long span horizons, the verdict, so to speak, might be highly biased and geared towards certain preferences of the industry or the person that is making that assessment. But nevertheless, it's important that we do assess, and we do try to understand, what private capital can do, or other tools in the toolbox, for that matter, that are used to tackle the challenges of major programmes, right? Major programmes are very complex, they have a history, if you're starting a major programme, you should know that you probably going to be late and over budget. And if you think that your major programme is not going to do that, then you probably don't understand major programmes because the history, the data is out there. Having Professor Filberg is, I can't remember the stat but probably 90% of major programmes are late and over budget. So in any case, major programmes are complex. And we need the tools to deal with this complexity. And so private capital is one of the tools but in your mind are their other tools and is the choice of tools, an important choice? And if I can add one more element, is the choice of tools fixed or the tools actually change along the lifecycle of a major project? Sherena Hussain 16:54 This is an excellent question. And I like to use the analogy of tools in a toolbox, but also whether or not it's an individual who's picking up that tool? Do they know what to pick up at any given time? And for what project are they trying to use this tool for? So think of, say a home renovation, in which case, today, you might use a variety of different tools, supplies for a particular problem. But think about, say three years from now. And you might have to reconsider, oh, do I need to replace? Do I need three player? Which tool from the toolbox do I need now? If we use that and then apply that sort of question-answering queue to then major projects, then we have to think about at what point are we thinking about the problem? Are we thinking in terms of, say, delivery models? And often that's where we get the analogy of tool in a toolbox? Are we thinking of one form of risk transfer versus another? And this is where we often gravitate towards and say, well, this type of a public-private partnership or alliancing model, this is one tool from our toolbox. That's a very simplistic approach. Because yes, we ask that question. But we also have to ask ourselves, who's in fact using these tools? Do we have the institutional capabilities in order to then be able to leverage these tools in order to achieve an outcome? Go one step further, are we actually addressing the right project at any given time? Do we have to up-scope or descope it? And if we start thinking about that perspective or going beyond just a micro project approach, which is typically how much of the private capital research is focused on, it really goes down to a project level or a subset of different portfolio data. But once we try to introduce it into an institutional context, that's when we see a variety of different theories that ultimately can gravitate towards things like the systems in which case private capital then operates in. And that's why I think there are different solutions that are available that thinks about, well, it's not just what's in the toolbox. But there are also solutions such as how do we upskill? Or what capacity are we building? What about, say, things like critical thinking skills and problem definitions? That's another tool which, there are different intellectual models that exist and we can train and teach for that we can conduct research in that, that also then has an impact on the use and or success of different types of private capital. And I can give you an example of how I'm currently grappling with this from a research but also in terms of application and by the way, this particular public-private partnership agency wants to then attract private capital to do so. In that process, we're looking at okay, which delivery model works, let's prepare the project. And we can go through a lot of those more micro-level analyses. But what is critical is the fact that private capital may or may not be attracted to that and particularly at the right risk-return profile. And that's when you step up and start looking at the norms, the processes, the people, the broader institutional ecosystem that comes into play, that all has to work together. So much so that the term private capital, which might be politically advantageous in those markets are not really used much anymore. It's called blended capital, how well can you de-risk private capital to then bring them into a market, so you have a balance between public capital, and private capital and different types as well like the nonprofit sector? And that's where we're seeing an inflection point in how, not only the research but the practitioner community in certain regions where private capital is just not available, is trying to evolve in order to address, can we get some of the benefits, but also knowing that some markets just do not exist today. Riccardo Cosentino 20:56 Yeah, I like how you describe major projects, and you look at all of the facets, the delivery model, that type of contract used is one facet. But you know, I think we study, we study major projects, as temporary organizations and being an organization, you need to consider multiple facets, you need to consider, as you said, exactly what you said is the people, the processes, the culture that gets to sits in the middle, how these people compensated, what kind of bureaucracy do you have, and all of these should exist in a harmony that allows the system, so the major programme, to deliver the appropriate outcomes. And yeah, there are situations where certain tools will work and other tools won't and vice versa. So, alignment, as you said, the private capital is very good at aligning incentives and providing risk transfer. But, you know, does that really apply to every single project? I mean, I can think of one industry that never really used private capital to its full extent, which is the nuclear industry there's no way you can find privately financed nuclear power plant because of because of the risk. So you really need to understand I think, my law professor, during my master said, what problem are you trying to solve? And then from that, once you've established the problem you're trying to solve, you find the right contract to help you solve that problem, right? If the problem is I want to transfer the most amount of risk, then you've got to find a contract like a PPP or like a project finance solution where you're transferring the majority of the contract, but that comes with cost, as you pointed out, or the private capital might not be available so the risk transfer might not be, might not be the right mechanism for that particular project. So, I think we've been conditioned over the last few years, over the last 10 years, that there is our delivery model that will accomplish the best outcomes. But I think that's very reductionist because you really need to look at the system that you're dealing with and that is much more multifaceted than just, oh, this contract versus that contract. Sherena Hussain 23:22 Absolutely. And when you start to explore that, you also then have the opportunity to then look at systems solutions to system challenges. And from one end, to be able to have that conversation is quite challenging, because some would say, well, that's just outside my zone of influence, or that's outside my industry, or you just have to wait for something to happen but we need this built today. That elements of not so much public, or public or political considerations, but also more broadly about the role in which organizations and different disciplines can then interact with one another is also something to be challenged. We often think about, well, one company only does X, they rely upon a consortium to come together and provide a solution, say in major programmes. So to be able to then offer a system space solution, then a similar sort of coming together of disciplines looking at some of the solutions they have, what are the problem they have to solve knowing that it isn't going to be a simple answer to a relatively challenging problem also requires even within the public sector and even, you know, at least even drop the distinction between public and private, a systems-based approach to thinking about what's the problem we're trying to achieve and what are some of the solutions that exist, ultimately are ways in which we can at least beginning to scratch the surface and look at can we actually get to the root of some of these problems and then start to implement some of say, the innovations that come forward. I am mindful that there are certain delivery models out there that are masking themselves with some of those broader solutions that say, well, we might be doing things like alliancing, which on its surface suggests that we're doing exactly that. But as we've discussed so far, it's, in some ways, it goes beyond just a project and a delivery model. It's looking at, do we have the right skills? Do we have the right capabilities? Are we pricing risk accordingly? And what about things like norms, culture, that do you have to be addressed? They could be addressed within a delivery model. But what's been clear in the research and the theoretical framework is that we have to go beyond that. And that does require an evolution within the industry, but also within different types of interactions and yeah, I would even say, broaden what the industry means in order to start moving that envelope across the board, to then being able to say we're now developing system space solutions to system space problems in mega projects. Riccardo Cosentino 26:08 Okay, I want to pause a little bit on system approach. Because I think you and I are familiar, and probably a lot of the listeners, are familiar with system thinking. But it is a discipline that it's certainly underutilized in, certainly in Canada, as far as I know, because I've not come across system thinking until I ended up in the U.K. where it's a concept that even there is not broadly used, but it's I think a bit more understood and at least the benefits of system thinking and approaching issues from a system perspective is something that is being embraced more and more especially in civil engineering in mega project, because when you have a lot of complexity, you need to think of different types of relations between agents within the various system. And you might even have a system or systems to make things even more complicated. Riccardo Cosentino 27:14 But the system approach is, it's important because I'm always trying to explain it to known to people who have never come acrossed system thinking that the example I always give is the butterfly effect, right? Whenever, we always know we've always heard some in, when a butterfly flaps the wings in Australia, you might have a tornado in North America. And that's basically how I explained system thinking where there is no direct cause and effect, which is perceived by as more causality that happens in a way that we don't quite understand. And so we need to really understand all of the elements to trying to understand our all of the elements, in our case, for major programmes, stakeholders, interact with each other because only when we understand those interactions, we can start seeing patterns of actions that occur within the system. And we always have a tendency as human beings to reduce the complexity, and always thinking of linear cause and effect, when in reality, we're talking about circular cause and effect. And in fact, it is not even cause and effect it is just circularity of relations. So sorry, I wanted to take just a few minutes just to get all the listeners on the same page, when we talk when we say systems and system thinking and system approach. What do we mean? And I guess, you and I have discussed this in the past, but what are? What are the advantages of having a system approach? I think you touched on some of them already, but in your mind, what are the advantages of system thinking and system approach to major projects? Sherena Hussain 29:08 Yes, and when we stop and think about, why should we entertain such levels of complexity amongst not just one system, but multiple systems of systems, and one area is it offers the ability to think through how different say, stakeholders, actions, activities, risk, capital sources, all interact or can be affected by a certain course of action. And for the most part in our daily lives we don't think necessarily like that. For the reason you mentioned before we're, it tends to have a reduction as an (inaudible) from simplicity and how we undertake our affairs. However, if you're willing to then step back and do that mapping exercise, that identification often will yield you the ability to see some of the assumptions that have possibly been made. In different circumstances, you might have to test those assumptions. An excellent example that I grapple with daily right now is in the context of decarbonizing transport, meaning try to reduce CO2 emissions from transport through other propulsion technologies like battery electric, like hydrogens, like anything else in between. I can tell you, Riccardo, but often they say, well, you just need someone to get a vehicle, put in a charger, and you're on the road and everything is great. Well, if that were true, then we'd probably have a lot more, you know, different types of vehicles on the road, but we don't. And then once you start mapping that out, you realize, well, you interact with utility, that electricity has to come from somewhere, there's a supply chain that comes with, say, critical minerals that go into the components to the vehicle to the charger. There's also different individuals and regular regulatory frameworks that are impacted such as safety, such as the individuals who have to maintain like the mechanics, do they feel safe touching these vehicles? Do they need to be trained? What about our ecosystem for upskilling and reskilling the trades. So once you start looking at systems and unpacking that, you're able to not only identify who your stakeholders are, but some of the embedded assumptions into our projects. And once you have that insights, then you can make decisions such as you know what we need to bring in certain stakeholders earlier, or you know what, maybe the utility is a source of low-cost financing to this project, because they might have a vested interest in greater adoption of certain types of electricity sources through electrification. So that's another, those are some of the benefits that comes with systems theory, and systems thinking. But I also want to throw the caveat out there is that it's not a one-size-fits-all all approach. Often, you have to do this on an ongoing basis for the same project, but also on a project-by-project basis. And that's where the application of this type of thinking, in some ways is very challenging in the mega project space, because there's always a tension about, can we get economies of scale, and how we can then replicate some of these across some of the say, smaller projects that just do not have the capital in place, or the budget in place to do this on an ongoing basis. So that is ultimately something that comes into place. Do we have solutions available to then make it a more timely and cost-effective to apply systems thinking? I would say yes, but we just haven't figured it out yet. Or we can at least try and see how we do that. And I'm sure, Riccardo, you've seen in some of your work in your masters that there are solutions around the world to do that. So some of these benefits could be realized. Riccardo Cosentino 33:02 Yeah, for sure. I do think that understanding, okay, I'm going to reduce the complexity a little bit. And in my mind, one thing that projects don't do and I'm going to be very specific, is stakeholder analysis and the effect of stakeholders onto even onto the day-to-day delivery, right? We, you know, even when we start in delivery project, and we're on-site, there's a little bit of work done in stakeholder management, but not to the extent that is required, and that has detrimental effects on delivery. And I think sitting down and understanding and do and apply system thinking the second you apply system thinking you have to think of the stakeholders because, you know, if you're an on-site delivering a project, all you are looking at is your Gantt chart, right, your schedule, and you know, that by the way, that's a whole new podcast on the fallacy of a linear schedule for a complex mega project is you know, I don't even know where to start with that, where you you have all these activities and somehow something as complex as a major project you end up with, with a delivery day, like to the day you can tell when the project is going to be done. But which is a fallacy, because the second you start actually looking from a system perspective, you understand that there's so many moving parts, so many relations, you don't understand that how you can predict to that level of accuracy is beyond me. As I said, that's a different podcast. I think it's important though, that we start using these approaches because we drive in blind, like I think there's a lot of project director, project managers out there that are driving blind because they're using, they're using tools that are designed for things with little complexity and the tools that we're using for high complexity, issues of say high complexity projects are not good enough. And that basically, doesn't basically makes the project director being oblivious to what's ahead. And so we're getting more in the specific now of project delivery. But you know, if you step back, you know, even in the planning phase, applying systems thinking during the planning phase, or during the early phases of the project, to understand what the challenges are going to be making the project more resilient. Because ultimately, I think that's also what system thinking allows you to do. It allows you to do how the project might fail over the long term. And I'm not just talking about the delivery phase, I'm talking about the planning phase, you know, a lot of projects don't get the funding, they get shelved, and but applying system thinking upfront, allows you to understand what could go wrong, you know, there's a change in government that happens. Doesn't mean that the project needs to stop if there's a change in government, you could set it up in a way that is politically agnostic on who's the leader, right? So these tools are very, very helpful, but I don't think they are understood or even why they're not utilizing, I don't think they're even understood. Sherena Hussain 36:36 And that's where I find that that could be an opportunity. An example of one of those tools, just carrying on on the example of stakeholder management is one that I teach to my master's students. And also, when I engage with senior government officials, and that is a power interest matrix, it's a very simple two by two matrix. On one axis, you have power, another axis, you have interests, and then you plot your stakeholders. What's really telling is that if a stakeholder for example, has high power, high interest in your mega project, say, during the planning stage, well, you have to make sure they're consulted and they're involved in that project. If you have a stakeholder that has low interest, but high power, you want to make sure that they're amendable. But they have, for the most part, as long as they're disinterested, they're not going to exercise their power. That analysis continues throughout the duration of our mega projects through all its stages, because a stakeholder might shift in their power or their interest. So say the mega project experiences a significant delay that then affects one of those stakeholders. So their interests, even though they're very powerful, but low interest now increases. So they're by far one of your most problematic issues to your project in getting, say, consensus to get this project back on track. If you're not thinking about stakeholder management, then that is going to just emerge and potentially not be foreseen, and you're behind the eight ball. Whereas before, if you had a constant view of your stakeholders, and even if it's say, looking in quarterly, looking in and reflecting monthly, then you're in a better situation to get ahead of those situations and develop solutions before it minds for that. What I'm very clear to all my students is that this is not just for, you know, the stakeholder management consultants, this is everyone's job, everyone should be thinking about stakeholders, because whether you're involved in say, claims management, or if you're involved with project coordination from, say, a public sector perspective, you're still dealing with stakeholders, from your vantage point, you should be managing that as well, such that we can at least be applying some of these systems based solutions to then avoid the common pitfalls that typically come with major projects. Riccardo Cosentino 39:01 Yeah, you make me smile when you say the stakeholder consultant because yeah, that's my experience too, right? You don't just make a project you typically have and it's typically a comms firm or somebody that just when in reality, stakeholder management is at the core, right, the project director should have direct visibility and influence on that and should be spending quite a bit of his or her time on stakeholder management because, as you said, it's evolving, right? I really liked your two by two matrix because you have to continue reviewing it, because the situation change and somebody that didn't really matter early on in the project may become very influential. And if you haven't mapped it out at the beginning, guess what? You're going to be completely blindsided because if you haven't done the exercise at the beginning of the project, to understand who these parties are and what their role are, when they see intuitions shift and somebody now becomes irrelevant if you hadn't mapped it to begin with, you'll never even going to know what's going to hit you. Sherena Hussain 40:07 And this is where you might you must know the term, and your listeners too, the term social license, that we need a social license to build mega projects. We need a social license to be able to introduce X, Y, and Z. Well, yes, but what does that actually mean? How do we develop a social license? How do we maintain it? How do we grow that? Often, if based upon our conversation, we're pretty much saying it's on the basis of applying systems thinking, systems theories to stakeholders. And that's how you're able to cultivate the social license. And it's not just the jobs for the comms department or the consultant. It's everyone's job when we're dealing with major projects, because we all have a zone of influence in what we're doing. And that all has some form of impact, like the butterfly on how that mega project unfolds at the end of the day. Riccardo Cosentino 41:04 Yeah, absolutely. Absolutely. Yeah. stakeholder management has become a new pet peeve. Okay, I think we're coming towards the end of today's podcast, but you know, before, before we wrap up, I just wanted to ask you what, do you have any hope for the industry do you, as a bit of a broad, sweeping question that, you know, you've been in the industry for a long time and I ask this question to most of my guests, it's, you know, are you positive are you negative about major programme as an industry, in Canada and or around the world? Sherena Hussain 41:51 I would say I'm optimistic for a variety of different reasons. If we looked at purely from a public policy economics perspective, infrastructure is critical to the success of any society. Canada's no difference. So there will always be a role for mega projects. A lot of decisions that we have to make today are informed by things that maybe we didn't think about 10, 20 years ago, such as climate risk, how does this affects some of our mega projects. It's not just bringing a consultant who tells you to do X, Y, and Zed that requires an application of systems thinking. And the theory is across all facets of a mega project's lifecycle, not just in project development. So I think that is going to be one of the biggest drivers paired with the fact that across some of the major industries that require either a renewal, or the investment of different types of infrastructure, leveraging technology, again, highly complicated. That's another realm for where we will see the need to apply different forms of system thinking and systems solutions that we've talked about today. So with that in mind, we either have the opportunity to continue doing what we've been doing before and possibly just fail or not be able to achieve the outcomes, or reflecting upon in our daily lives, we have to deal with more systems-based thinking, because our lives are getting more complicated. Why not start thinking about how that applies to mega projects and major programmes. And I think that is an opportunity that I'm bit excited for, in the sense that the research and the industry is beginning to align. And so in the sense that we need to begin to do things differently. How quickly we're able to mobilize? I'd say I'm also optimistic because you have a podcast like this talking about it. So to the extent that your listeners are decision-makers as well, they're being influenced by the fact that now it's time to challenge the paradigm and think about how we do things better. Riccardo Cosentino 43:52 You make me blush I'm doing I'm trying to do my part. I'm trying to do my part and then with this podcast for sure, because it's I am a little bit more negative than you I think it is, it is a monumental challenge. For decades, we've been trying to improve major programmes and major programme delivery and the progress is slow. But at least we are definitely moving in the right direction. But you know, when you see when you see outcomes of major programmes on a day-to-day, I won't name projects but you start to think you know, how long is it going to ask is going to take for us to have a situation where it's not a given that a major programme will be late and over budget. But although I have a little bit of a negative outlook, here I am trying to do my part to change and I, you know, as people like you and that are helping these change by bringing different perspective from different parts of the industry. So on that, I want to thank you for taking the time today. It's been a fantastic conversation. Hopefully, we won't let pass another war 15 years from the next time we talk to each other. But yeah, thank you very much, Sherena, for for joining me today. Sherena Hussain 45:24 My pleasure. Thanks for having me. Riccardo Cosentino 45:27 That's it for this episode of Navigating Major Programmes. I hope you found today's conversation as informative or provoking as I did. If you enjoyed this conversation, please consider subscribing and leaving a review. I would also like to personally invite you to continue the conversation by joining me on my personal LinkedIn at Riccardo Cosentino. Listening to the next episode, we will continue to explore the latest trends and challenges in major programme management. Our next in-depth conversation promises to continue to dive into topics such as leadership risk management and the impact of emerging technology in infrastructure. It's a conversation you're not going to want to miss. Thanks for listening to Navigating Major Programmes and I look forward to keeping the conversation going. Music: "A New Tomorrow" by Chordial Music. Licensed through PremiumBeat.DISCLAIMER: The opinions, beliefs, and viewpoints expressed by the hosts and guests on this podcast do not necessarily represent or reflect the official policy, opinions, beliefs, and viewpoints of Disenyo.co LLC and its employees.
Fighting Through Fear and External Validation with FarwaToday, I'm joined by one of our dear clients, Farwa, who has made so many amazing strides in our short time working together! Farwa is an incoming candidate of the Master of Health Industry Administration Program at the Schulich School of Business, and a recent graduate of York University's Global Health Program with a specialization in Health Policy, Management, and Systems. Farwa is a student leader and community worker with over three years of experience in community-based research, student engagement, and leadership development. She is interested in pursuing research pathways for humanitarian and community health, and exploring innovative and technological ways to improve health outcomes. I am so excited to be joined by Farwa so we can both celebrate her success and learn more about her journey.The Importance of Investing in Yourself and Your ApplicationFarwa dishes out all the details this episode and describes her experience with the application from before our work together to now. I am so happy to share that Farwa has gained admission into her top program of choice at Schulich, and she is so excited to begin this next chapter of her advancement journey. Listen to this episode to learn more about:Farwa's academic background and professional interests in improving community health outcomes;Her experience working together in Mastering Academic Applications and The Success Society - through our coaching together, we were able to clearly define Farwa's goals, aspirations, and thoughts in her application in a polished, professional, and concise way;Insights into the application process at one of Schulich's Masters programs and the kind of strategy and preparation needed for success in the application materials and interview process; The level of personalized and customized support you gain by joining the Apply Yourself community, because we all come here each week with real vulnerability and readiness to share, accept, support, encourage, and strategize; and Why we have a 90% success rate in getting our clients and community members into their dream schools and jobs through our various programs, coaching strategies, and non-competition principle. Follow and subscribe to never miss an episode! Connect with Adrienne!Want to connect with us at Apply Yourself: The Advancement Spot? Email us at hello@applyyourselfglobal.com, or email me personally at adrienne@applyyourselfglobal.com. You can also DM us on Instagram @applyyourselfglobal - Let us know if you're interested in learning more or if you want to join the Apply Yourself community!Ask the ExpertHave any questions on applications, advancement, studying for law school exams, and more? Send your questions to our above contacts, or you can submit an audio file via DM and we can feature you on the podcast!Work with Adrienne>>> Calling all applicants! Learn more about our signature course, Mastering Academic Applications: From Scratch to Submission and how you can finish your applications - with clarity, support, structure, and strategy with Adrienne, an Admissions Committee Member. Check out Adrienne's Calendar and book your Strategy Call HERE to learn more about if this program is right for you!
Seeing Clearly: A Pre-Clerkship's Guide to All Things Ophthalmology
In this episode of Seeing Clearly, Emaan Chaudry and Danielle Solish talk to Dr. Sapna Sharan, a pediatric and adult strabismus ophthalmologist at the Western University. She currently holds the position of Associate Professor at the Western University and was the Director of the Undergraduate Medical Education Curriculum for Ophthalmology for 9 years. She is the mentorship lead in the Department of Ophthalmology at Schulich School of Medicine, and a part of the accreditation process, and policy-subcommittee at Schulich. Dr Sharan has undergone broad training. She graduated from medical school at Jawaharlal Institute of Postgraduate Medical Education and Research, Pondicherry University, India. After finishing Ophthalmology residency with the National Academy of Medical Sciences, New Delhi, she fellowship trained in Pediatric Ophthalmology and Strabismus at the Save Sight Institute/Sydney Eye Hospital, University of Sydney and then at the IWK Health Centre, Dalhousie University, Halifax. Dr. Sharan is also trained in glaucoma with fellowship training at Toronto Western Hospital, University of Toronto.She has a keen interest in teaching and a special research interest in Pediatric Glaucomas. In this episode, we discuss: Dr. Sharan's unique journey to and within ophthalmology. Dr Sharan's experience training in different countries and her work now. A day in Dr Sharan's life. Dr Sharan's advice for learners. Check out our website: www.eyecurriculum.com Follow us on Instagram: www.instagram.com/EyeCurriculum Follow us on Twitter: www.twitter.com/EyeCurriculum
Fighting Through Fear and External Validation with FarwaToday, I'm joined by one of our dear clients, Farwa, who has made so many amazing strides in our short time working together! Farwa is an incoming candidate of the Master of Health Industry Administration Program at the Schulich School of Business, and a recent graduate of York University's Global Health Program with a specialization in Health Policy, Management, and Systems. Farwa is a student leader and community worker with over three years of experience in community-based research, student engagement, and leadership development. She is interested in pursuing research pathways for humanitarian and community health, and exploring innovative and technological ways to improve health outcomes. I am so excited to be joined by Farwa so we can both celebrate her success and learn more about her journey.The Importance of Investing in Yourself and Your Application Farwa dishes out all the details this episode and describes her experience with the application from before our work together to now. I am so happy to share that Farwa has gained admission into her top program of choice at Schulich, and she is so excited to begin this next chapter of her advancement journey. Listen to this episode to learn more about:Farwa's academic background and professional interests in improving community health outcomes;Her experience working together in Mastering Academic Applications and The Success Society - through our coaching together, we were able to clearly define Farwa's goals, aspirations, and thoughts in her application in a polished, professional, and concise way;Insights into the application process at one of Schulich's Masters programs and the kind of strategy and preparation needed for success in the application materials and interview process; The level of personalized and customized support you gain by joining the Apply Yourself community, because we all come here each week with real vulnerability and readiness to share, accept, support, encourage, and strategize; and Why we have a 90% success rate in getting our clients and community members into their dream schools and jobs through our various programs, coaching strategies, and non-competition principle. Follow and subscribe to never miss an episode! Connect with Adrienne!Want to connect with us at Apply Yourself: The Advancement Spot? Email us at hello@applyyourselfglobal.com, or email me personally at adrienne@applyyourselfglobal.com. You can also DM us on Instagram @applyyourselfglobal - Let us know if you're interested in learning more or if you want to join the Apply Yourself community!Ask the ExpertHave any questions on applications, advancement, studying for law school exams, and more? Send your questions to our above contacts, or you can submit an audio file via DM and we can feature you on the podcast!Work with Adrienne>>> Calling all applicants! Learn more about our signature course, Mastering Academic Applications: From Scratch to Submission and how you can finish your applications - with clarity, support, structure, and strategy with Adrienne, an Admissions Committee Member. Check out Adrienne's Calendar and book your Strategy Call HERE to learn more about if this program is right for you!
Maryse Legault est détentrice d'une maîtrise du Koninklijk Conservatorium Den Haag en interprétation des clarinettes historiques auprès d'Eric Hoeprich. Elle a pu se joindre à de nombreux ensembles et se produire sous la direction de chefs tels que John Butt, Alexander Weimann, Teodor Currentzis et François-Xavier Roth. L'une des seules Canadiennes à jouer les clarinettes d'époque et la première diplômée québécoise dans son domaine, elle est reconnue pour son impressionnante technique, qui défie les normes d'interprétation à la clarinette historique, ainsi que pour ses choix audacieux dans le répertoire, et pour la flexibilité et l'expressivité de ses interprétations. Ses recherches se concentrent sur le répertoire virtuose à la clarinette au tournant du 19e siècle. Cet intérêt l'a amenée à rédiger son mémoire de maîtrise sur le clarinettiste Josef Beer (1744-1812) et l'a poussée à entamer des études doctorales de musicologie à l'université McGill. Elle a été invitée à partager ses découvertes en tant que conférencière à l'université Oxford en 2017. Maryse est lauréate d'un prix de la Fondation Sylva-Gelber pour la musique et a obtenu la subvention de recherche Joseph-Armand-Bombardier du CRSH, ainsi qu'une bourse de doctorat de l'OICRM. Elle a également reçu la bourse d'été Early Music America et a bénéficié du soutien des Jeunesses Musicales du Canada entre 2016 et 2021. De plus, elle a reçu la bourse d'études de l'École de musique Schulich lors de son acceptation au programme de doctorat et est soutenue par le Conseil des arts du Canada et le CALQ. En juin 2023, elle sort son premier album ‘Around Baermann' sous l'étiquette Leaf Music. Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.
There was a point during the Inquiry where there was a crisis of confidence in the process. Family members had walked out on the Commission in protest over the way it was being conducted. On Thursday, some family members were pleasantly surprised with the commission's harsh assessment of the RCMP response and the 130 recommendations. Dr. Wayne MacKay is Professor Emeritus of the Schulich School of Law at Dalhousie University. He too was critical of the process but says the Mass Casualty Commission outperformed itself. And he weighs in on his thoughts on accountability, class action lawsuits, policing and the work of former NS Chief Justice Michael MacDonald.
Cole Roberts is a Schulich Leader scholar entering the third year of his electrical engineering degree at the University of Calgary and is also pursuing a minor in energy and environmental engineering. Cole is passionate about working towards a net-zero future and is excited about exploring the intersection of technology and sustainability as the world shifts away from traditional energy sources. As a student, he has continually sought opportunities to implement sustainable practices in his projects, including designing a modular houseplant care device that features easily replaceable components. Cole is currently the president of the Energy and Environment Engineering Students' Association, which is the student association that represents students within the energy and environment minor. Along with this, Cole serves as a Director and Chief Scholarship Mentorship Officer of The Debtless Students, a non-profit that provides scholarship, mentorship, & financial literacy resources pro bono. In this episode, we discuss Cole's journey to where he is today, how to fundraise effectively for pertinent causes, how to study for tests, how to apply for scholarships, how to write winning scholarship essays, how to get involved and succeed in university, how to land internships and co-op opportunities, and the next big thing in energy and sustainable practices. Have fun listening!
A foundational document filed today at the Mass Casualty Commission hearing is titled "Perpetrator's Financial Misdealings". It describes the "perpetrator's banking activity, corporate dealings, real estate acquisitions, improper billing practices, association with drugs and organized criminal activity, as well as his planning of a potential fraud in relation to the Atlantic Immigration Pilot Program." It's likely to fuel more suspicion about the killer's past and what his common law partner knew about it all. Following Lisa Banfield's testimony last week, there were still questions about allowing her to forgo any cross examination by the lawyers representing the families of the victims. Wayne MacKay is a Professor Emeritus of Law and a former Professor at the Shulich School of Law at Dalhousie University. And he's still hopeful the Mass Casualty Commission will be able to restore some of the faith lost to Nova Scotians throughout the process, but time is running out.
Jim Clayton is the Director and Timothy R. Price Chair at the Brookfield Centre in the Schulich School of Business at York University in Toronto. In this episode we talked about: Jim's Bio & Background Real Estate Education Evolution Climate Risk and the Opportunity for Real Estate Dealing with Tax & Climate The Courses Jim Teaches in the Schulich School Leadership in Real Estate Jim's View on Current Real Estate Environment Resources Useful links: Adam Grant “Think Again” The surprising habits of original thinkers | Adam Grant https://www.youtube.com/watch?v=fxbCHn6gE3U https://schulich.yorku.ca/faculty/jim-clayton/ shorturl.at/vDFGI Transcription: Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Jesse (23s): Ladies and gentlemen, my name's Jess for galley, and you're listening to working capital the real estate podcast. My special guest today is Jim Clayton. Jim is the director and Timothy our price chair at the Brookfield center and real estate and infrastructure. And that is at the Schulich school of business here in Toronto, Canada. And that is at York university. Jim, how are you doing today? Jim (45s): I'm good. I'm good. Thanks for having me Jesse. And that was a big mouthful. Jesse (48s): Yeah, we thought we'd, we'd like, we've talked about before the show, we'd kind of break it down because you've got quite an extensive background in real estate. And before I start a York university at the Schulich school of business, how long have you been at that post? Jim (1m 3s): I've been here just over four years. I came in 2018 and partly because Schulich school received some funding to create the Brookfield center in both real estate and infrastructure, which is kind of unique. And also it was just kind of time to come home. I grew up in Toronto, moved all the way till my mother-in-law. I was taking her daughter in 1988 away for a one-year master's to UBC and 30 years later, we moved back after 20 of those in the states. Jesse (1m 36s): That's fantastic. That's another, a really good school for real estate as well. University of British Columbia is program there it's solder solder school of business. If I have that correct. Jim (1m 46s): You got it. It was really the only place one could kind of end up if you wanted a graduate education in real estate at that time, Jesse (1m 54s): Right on. Well, you know, once again, thanks for coming on. Part of the reason I thought listeners would get a lot of value about having you on was just some of the research themes that you've been working on and we'll jump into them. I think, you know, just to kind of Telegraph this a little bit, it's going to be a little bit about kind of the trend in real estate and commercial real estate in general, where we've gone from institutional investors and private investors. And I wanted to talk a little bit about the paper that you did that was on the, the impact on real estate decisions in relation to climate change or climate concerns, which is, I mean, definitely topical now in Canada and the U S and globally. But before we start that maybe you could give listeners a little bit of your background, how you wound up in, in this, in this industry, because like I said, you have quite the story bio. Jim (2m 44s): Oh, sure. Thanks. Thanks for the opportunity, Jesse. Yeah. So it's, it, it comes from the family a bloodline, if you will, to some extent, when I was a kid, my dad worked for quite a while for CMHC and got moved around from Ottawa to Winnipeg, back to Ottawa. And then he decided to go out on his own and have his own real estate consulting firm and moved to Toronto in the, in the sixties and, you know, fast forward many decades later. And he, he sold his company, Clayton research associates to Altice that you'll be familiar with here. And he's still, he's still involved in, in real estate at a, at a research center for, at Ryerson university. Jesse (3m 24s): I noticed that we don't, we don't retire in this industry. Jim (3m 27s): No, no, no. He keeps trying to contribute, especially when you've got something to say on the policy side. So I just was always growing up, always interested in, in cities. I love being in Toronto. I grew up in Scarborough, but, you know, I was just curious. It's about ended up doing an economics degree. And I was a little disappointed that the urban economics class got canceled when I was at Western. So I kept looking for graduate education, tried to go to Wisconsin, but unfortunately, a James grass camp that was a pioneer of academic real estate there passed away that summer. And I ended up going west to, to UBC. It was a great time, but to do a one-year master's, but decided to just keep going and got my PhD, some great people to work with there, including the current Dean, Bob Helmsley, and will strange he's at U of T now. And it wasn't a bad place to live for five years with Whistler to the north and a few other things. But once graduated, when you graduate with a PhD, if you want to be in the teaching side, you, you, you have to leave and go to a different school. Not a lot of opportunity in Canada. I was fortunate. I ended up in Halifax on the other coast, St. Mary's university eventually ended up at the university of Cincinnati down in Cincinnati, Ohio because they had, they had two really strong academic researchers that both were very connected to industry David Giltner. Who's now at MIT and norm Miller that set up the program recently he's at university of San Diego. Both of them are sort of stepping back, but that was kind of a great experience for me for eight years, but always had my head in kind of the real world. And interesting, as you said, the institutional world in the early nineties actually got some research funding from a group here that involved a number of the, you know, the more guards and the Prudentials in the lake and met Andre cause Mickey named, many of your folks may know who ultimately also ended up at York university and helped bring me here. Just, just really enjoyed that part. And so I transitioned to kind of a hybrid role, if you will. We'll at the pension real estate association meant to move to Hartford, Connecticut, but it meant that I was working in a research education role directly with the institutional investors, the major pension funds and the investment managers. After, after a few years there, I, I got a little itchy and actually got the opportunity to join one of the members on the investment management side. And luckily it was in Hartford because my wife had had enough of moving every five, five years with a, with a couple of kids in tow. So I had a great experience. I got the opportunity to join the real estate equity arm of mass mutual life insurance company at the time called cornerstone real estate advisors. Now, now part of the bearings, a behemoth multi-asset class, a group or mass mutual eventually merged all it's five different investment management companies and different asset classes into one, one big one big group. But so kids grew up, moved away, live in good cities in the, in the U S for any of your Southern listeners, Denver and Seattle, and my wife and I are like, why, why are we in Hartford, Connecticut? And let's look at as an opportunity in Toronto, come back and be with family and join, join Shula can get back into the teaching and research world. So it's terrific. I can still do both lots of industry partners and really enjoying it. Jesse (6m 48s): Yeah, that's fantastic. Yeah. I mean, that's common when you're, you know, we have beautiful February's here. Why not just move back to Toronto, but Jim (6m 57s): I love winter, Jesse (6m 58s): You know what? Me too, it's a, it makes the, the other seasons, I feel more special, but you know, the funny thing with, for those that don't know in Toronto, w we're getting into the thick of it. And once we get in June, July, it, people don't realize how hot it is, especially down by the water here. And it, if people in our industry, especially if you're wearing suits tours, they get, they get pretty, you gotta be pretty strategic about them. So when you were at, so is it bearings now? And it was formerly cornerstone. Yeah. And I think I was reading you're the head of investment strategy there. So were you playing a, somewhat of a, kind of a, an economist role? Were you playing more of an investment, like more on the, the kind of allocation of what they were doing, a consulting role? Like how did that work out? I'm always interested in academics working in industry, which I find is a little bit more common in our world. Jim (7m 52s): Yeah. That's, that's, that's a great question. The interesting part, Jesse, is that you can, in many ways, depending on how it works out, you can kind of invent to some extent a role that, that bridges some, some areas. So it was kind of all of the above. There was an economics capital markets component to it, helping run the house view that a lot of folks have with, you know, maintaining a lot of discussion between the different groups on the, both the investment and the lending side. What's everybody thinking what what's the latest reading of the tea leaves from a pure economics perspective, where are we seeing things all the way down to trying to help set strategy for specific separate accounts for the open-ended fund, coming up with ideas for the new closed end funds that were going out there. And then a lot of client communication, answering questions, doing ad hoc projects for them, the biggest part was probably maintaining sort of the, that the house view and keeping everybody informed, but client interaction and working with our portfolio managers, I really enjoyed as well because a lot of that is I call it either, you know, myth-busting or looking under the hood. A lot of, a lot of times we tend to make generalities and make, make statements based on past relationships. But as you know, the, the world is dramatically changing, always evolving, especially with the longterm forces. Jesse (9m 18s): Yeah, no, that certainly makes sense. And one thing I found interesting to get your take on it is over the last, I don't know, probably, you know, five, 10 years, especially, but even beyond that, there, certainly beyond that there weren't as many schools that, you know, specialize in real estate, whether you were in the states or in, in Canada, you know, you have the big ones, you know, Wharton, we were just talking about Peter Lindemann and we're S there's some pioneering courses and specializations, but how have you seen, how, how have you seen real estate education evolved over your tenure in, in academia and what you're doing today at Schulich? Jim (9m 57s): That's a great, it's a great question. So it's, there's a, there's a number of different approaches you can, you can take. And it's, it's interesting to see what folks have tried to do as you, as everybody is aware real estate, incredibly multidisciplinary area. And it's almost, I mean, it's almost impossible to try and do everything. So we're, we're in a business school. So you're going to have a business focus. And historically, a lot of schools have had sort of the finance and investment focus and maybe, you know, there's a course or two, maybe three, and the ones that have the opportunity to go a bit bigger, also spend a lot of time. So one of the things I love that we do is we don't just teach the finance, but we teach. How do you think about where the numbers come from? Economic, urban economics. We call it economic economic forces in the city. You need to get into design planning. It's not, it's not always easy to do when you're in the business school. You can, you can do guest speakers. You can, you can have faculty that come from those backgrounds. So what works really well is blending some academic content with really sharp practitioners from different areas. And the thing is to make sure everybody's on the same page so that when we have the, the biggest thing that I think benefits so many real estate programs, and is the fact that the industry just seems whether it's alumni or industry partners, they seem to give back and they understand what's needed. And it allows for a really enhanced co-curricular outside the classroom experience, whether that's with ma mentorship program, but in the learning, we have a developers den case competition, try and send students to other case competitions. You ally join with, maybe join with some students from another school, from the planning department architecture department, and get that teamwork going together and then work with folks from a diversity of backgrounds. And then the other thing is you have to find a way to differentiate yourself. And what, what ha when Shula is that, that James McKeller, that helped start up the program here, he's actually an architect by background. So that was kind of instilled in him. And then Andre cause his Mickey that came on was, came from the institutional capital side. And so you've got those blends, but then the infrastructure component got added for, for two reasons, both, both because of the real asset adoption of a lot of the pension funds, major institutional investors now, investment managers. And we're following that, you know, that that alternatives group includes real assets and real estate and now infrastructure and more, but also because a lot of what we're really doing is the business of cities. If you will, and cities are not just real estate there, if we say cities are real estate infrastructure ensuring people. So it's kind of a, an interesting dichotomy, but, and you've got people trying to figure out all different parts of that in terms of how, how they deliver the product. Jesse (12m 57s): Yeah. I love that. We I'm sure I'd mentioned on the, on the, on the show before. I'm not sure if you've read the book by Edward Glazer triumph of the city. I think he's is he at Harvard? I don't think it's the business school, right? It's the CA is it the business school? Jim (13m 12s): He's in economics, Jesse (13m 14s): He's an urban, urban economist as well. So I guess the, the trend that we're seeing in real estate, well, first of all, one thing I loved about, I, I actually was doing an MBA somewhere else, but I took the, the fine real estate finance course at Schulich with our friend Allen and what I, what I loved about the course, even though, you know, I did different economics and finance courses throughout my undergrad. And, and post-grad, I found this was the first time we were really looking at, okay, here's an industrial building. Here are the inputs. Here are your recoveries. And you're actually doing a tangible, real life. You know, real-world example of what you might be doing when you, when you graduate, when you leave the school, I wanted to get your take on the trends that we're seeing in some areas, I call it the SA the, you know, I think it's the Samuel lization of Paul Samuelson from a noted economist. That's I believe when the Nobel prize in economics, but the mathematics, the mathematization of economics and how we're seeing a trend that going, you know, to numbers. And I, I worry that we're losing the, the actual, tangible intuition and a lot of the stuff that you don't see in the data. Do you see trends that, that are going one way or the other when it comes to real estate or finance? Jim (14m 35s): That's really interesting. You say that Jesse, because I think that's sort of exactly what happened leading up to the financial crisis, that, and there it, at one point in time, you, you weren't allowed to talk about, you know, human behavior and psychology mixed together with economics and finance. It was all about the numbers. I think it has. I think it has changed the numbers still matter. I'm, I'm kind of smiling. You can't see it because teaching a capstone class right now, where were we talk about ways to rethink things and different models and, and combining things from different fields to make innovation. And it's one of the papers that the students will read is actually from Andrew Lowe at MIT. And I think it's called bubble rebel finance in trouble from a few years ago where he references Paul Samuelson's thesis and subsequent papers that became Nobel peace prize, that, that everything, he kind of argued that, yeah, we, we turned it into physics. We tried to turn economics into physics. Physics were really, it should be adaptive biology and people learn and, and, and, and I'm laughing because that's how I teach about cities. The system of cities follows nature patterns in terms of the number of big versus number of small and how they're related to each other and how people adapt and change over time. So I think there's almost more of a, a biology, evolutionary biology element to that that brings in changing behavior and learning and, and things. So it is really kind of interesting. And then, although the thing that I, it's funny, because economics, we learn it, we all learn about this utility function and all the math and, and, but nobody really talks about that too much later on in, in, in life. And it's, yeah, it's, it's, it's quite interesting. One thing I think we don't talk enough about is also is, is simply demographics. Jesse (16m 32s): Yeah. It's funny like the, for you, you get to economics 1 0 1 and you're talking about utiles and you're talking, you know, how, what w where can we quantify your, your contentment or your happiness? And, you know, it's, I know it's, he's writes controversial controversy, Italy, but Nicholas, a certain esteem, Nicholas talks about this a little bit in that if you really look at the math that we're using in economics, it's, it's really, like you said, it's, it's math that is used for kind of like 18, 19 century physics, not even, you know, the, like you said, the, the, and it's not, it's not to say that the, we just need to use better math. It's the fact that they, it's almost too complex. The complexity is too large in, in human action and human decisions to try to capture it with just, you know, in the same way we captured nature. So I wanted to get your thoughts on that just cause I see that as a trend. And it's probably because for those that are interested at all in this, there's a great BBC documentary called the mitis formula. And it talks about the black Shoals equation and long-term capital managements, you know, explosion. And basically the upshot is we had a lot of very, very smart people thinking that we could just break everything down to, you know, the numbers and then what they didn't realize were these events that you really, the crazy part is if there was somebody that was there with the kind of intuition that had been in the industry, that might've been the solution rather than relying on the math. Jim (18m 7s): Yeah, that's true. Interestingly enough, if they had kept more of their money on their books and not gave it back to their investors, they would have survived. Yeah. Jesse (18m 14s): Oh yeah, there you go. So I wanna, I want to talk about this, which I don't think we talk about enough in our industry and it's not, it's not in a political sense, but in real world decisions, how climate models and maybe for, you know, for a little bit of context, how, you know, the inter governmental panel on climate change, IP IPC reports, how are those are informing real estate decisions if they are informing real estate decisions. So maybe you could talk a little bit about the paper that you did and maybe some of the findings that you, you reached. Jim (18m 50s): Yeah. We'd be happy to. So the paper you're referring to, there's been a few different sort of iterations and versions, and it all, it all started, I guess, a little over a year ago, maybe even a little bit longer than that, that I got, I got connected with Matthew alternate at the United nations and environmental program, finance financial institutions, essentially. It was really, really focused from the financial institution perspective on starting to think about understanding the implications of climate risk for financial and asset modeling on the real estate side. And they had done some studies with some of the providers that are out there now that a lot of action going on with firms that are modeling climate risk, but it was kind of a future look within a black box that they didn't really understand sort of where, what was informing, how these empirical models were formed. So I actually approached myself and we connected with a group of folks from the university of Redding Henley school of business in the, in the real estate program there that Sarah in particular had been doing, focusing on ESG. And, and so the four of us actually sort of were charged with simply going back and seeing what's even out there in the literature. What does the academic literature have to say about the implications of climate related events on, on property values? What's, what's the, what's the impact? Is it transitory or permanent? How does it tend to work? And not surprisingly, there's been a lot of studies historically about floods and about other things before anybody was really thinking about climate risk, but at the same time ever since hurricane Sandy and especially, which is coming up on a decade, now this, this coming fall and then really within the last five years as well, there's been a real move to this becoming not sort of a backwards looking let's look at specific events. It's becoming part of mainstream finance and economics, the review of financial studies, one of the big finance publications, one of the top tier journals, like the journal of finance journal, financial economics, they actually did a special climate related issue call for papers, things that, that, that came out not that long ago. So the whole world is kind of changed that special issue had three articles in there about real estate related specifically house prices. And, and interestingly enough, with sea level rise. So now we're starting to think more about forward-looking nothing's happened yet per se, the not necessarily to do events, but at the same time, we starting to be able to see that and test whether sea level rise, if you can sort of gauge different metrics in terms of risk, what that might be doing is, well, almost all the literature is owner occupied, residential oftentimes associated with nice locations on the ocean that have amenities. So it's a little tough to tease out the amenities versus now the increasing disability. We're starting to see more commercial real estate income property, institutional property, some good work done by some researchers on, on the impact with a real capital analytics data and some others on the impact of Sandy on not only New York, but on Boston and Chicago prices. So is, did investors, even though it did not get to Boston, did investors start to get concerned up there? And Chicago was more of a placebo test, so you're starting to see some things like that. And some interesting things coming out on the lending side is as well. So it has happy to talk also about what I'm sort of seeing from the investment committee perspective as well. Jesse (22m 56s): Yeah. I think the, what, what I found interesting there was a, in the paper anticipated effects on commercial real estate performance. And, you know, just seeing it here, there was effects on cashflow effects on capitalization rates and effects on financing. And I always thought, you know, there's this there's in our industry. I find that there's usually two buckets of, of people people's outlook on ESG, which is, you know, environmental, sustainable governance. And, you know, some people think it's, it's just a window dressing and others are fully committed to it. And really what I always thought that from a climate perspective, if it was going to affect decisions, the rubber was going to meet the road on the financing side. When lenders said, you know, this area there's going to be a premium because of X. Is, is that where you see potentially the, the decision-making implications or is there some other area that, that it's more pronounced? Jim (23m 52s): Aye, aye, aye. For a certain part of the market, definitely on the financing side. And you could add insurance to that as, as well. Furthermore, the more institutional side, I think they're being more proactive and thinking not only about those things, but also thinking about liquidity implications down the road at exit, you're starting to see if you have a short horizon, you know, mark, Mark Carney has that great quote from his, his talk at Lloyd's of London and his in his book as well about the tragedy of the horizon. These are really long-term issues, but if you have a short term window and you can do something and get in and get out, you're probably not too worried. But the, I think the idea is that eventually that game of musical chairs that getting out will eventually be tougher because the folks that want to buy and hold there, they're going to start redlining some areas that have not either adapted in some way. And then it's going to be more expensive to own that property depending on property taxes, insurance and other things. But I think there's a concern there on the whole liquidity and exit. And in fact, I mean I've seen cases where certain institutional investors have, have already declared that they aren't going to certain states, no matter what now. Well, those states also happen to be the ones with the highest net in migration of people since COVID. So then you can, omic fundamentals might not support that fully, but on the financing side, you are seeing it. And it's easier to see evidence of this in the states because of the extent of securitization on the mortgage market. So there's a really interesting study that recently got published that by Matthew Kahn and coauthor, that that looks at what happens to what happens on the lending side after major hurricanes, in terms of the types of loans that are originated and more and more, what happens is that that lender starts switching to loans that could go into securitized pools. So they're starting to get ready in case they have to sell off those mortgages. And you see the same thing with some, some banks down in Florida. And then in another, Jesse (26m 10s): I want to, I want to talk a little bit about the courses that you teach at Schulich because I think it ties a, I want to be mindful of the time and I think it ties well with kind of the theme in terms of people listening that are either investors or individuals that want to get into the industry. And there's of course, I believe you teach and it's correct me if I'm wrong. It's leadership in real estate. Jim (26m 31s): Yeah. Yes, we do have a leadership course. Yep. Jesse (26m 34s): So in general leadership and real estate, what, what have you seen over, over your career in terms of, I think you talked a little bit about how we, we tend to give back as we get older into our, into the industry, which I find is not, is not, is not really similar across the boards in every industry. And I feel like there's almost a badge of honor when you're at that, you know, sixties, seventies of giving back to younger individuals like myself or younger than myself, but how do you think leadership is different in real estate, if at all than other industries. And how has, how has your experience informed the way you look at leadership in our, in our field? Jim (27m 14s): It's not. So I would honestly say viewing leadership from both the way it's taught and viewing it within companies is relatively new to me. Cause I was, I saw some leadership, but I was mostly an academic and you're kind of a sole proprietor, as long as you're, you know, you've got to work as a group, you've got good people at a, it all works, but you're really focused on your research and your teaching. And then I, I witnessed different types of leadership when I was in the corporate world. So S some of it, some of it not so good in the sense that these days you cannot be vertical. I don't think you cannot be siloed, but they, on the academic side where that leadership class comes in is our one-year master's program. That's relatively new in the, in the fifth year, the traditional student doing the MBA like you did, Jesse, you get, you get access to that full round of courses, including leadership change management strategy, if you want to go that way. So what the leadership class is, and it kind of goes back to your physics question or discussion is that we're going to do a one-year master's program. We will want to have technocrats. We want to have that element to it, where we still have the people skills. We understand how the world works. We have good communication skills. We understand change management, you know, re reframing, stretch, benchmarking, all that aspects of it, with the thinking about the world and, and really dealing with innovation comes into our capstone class as well, and then bringing that back to the real estate. But it's interesting though, this summer, so I co-teach that class with, with, with Psalm Al Hussein, who's a co co-head of the MBA programming, very involved on the strategy side within the summer though, we actually spend a lot of time with leaders. And what we're seeing is that a lot more of the leaders are focused that the, we seem to be spending time with are really focused on the broader community and longer-term view. Now that might just be Toronto, they're really focused on the S in the ESG or the broader impacts of all three of those within an impact framework. And so we were, for example, we spent tomorrow, we'll be downtown in Regent park, Toronto at the world, urban pavilion with Mitchell Cohen, CEO, and president of Daniels corporation, the C you know, so, and then CEO of Ian Underwood, CEO of habitat for humanity, greater Toronto, doing really interesting things on the housing affordability provision here at Toronto, you know, so, and also related to that aspect of it, it's, it's the folks that also have a different vision in terms of helping solve some of the city's problems, if you will, as opposed to coming in and talking about the IRR. Jesse (30m 14s): Yeah. That's a perfect contrast right there. And I'd be remiss if we didn't talk a little bit about maybe the impact on the IRR of where the current environment that we're in. So Q2 2022, it looks like we're going to get a interest rates are going to continue to go up. We're in kind of a weird environment right now, where we've had what, you know, technically a recession because of COVID, but really more like a natural phenomenon, like a natural disaster. We were kind of jolted into a recessionary environment now that we're out of it in employment is low in both the states and Canada. And now we're looking down the barrel of what happens in the next, say 12 to 24 months. What's your view on, on how this, this kind of can potentially unfold over the next short, relatively short term. Jim (31m 8s): There, there sure is a lot of uncertainty related to a lot of things. And you throw in, especially that the nature of how we're all gonna work and whether it's like the hybrid where I think you're probably home, I'm at work, but I'm usually at home and not often at work, you know, that, that nature. But I, I, I think in a lot of, I think we're in for a bit of a bumpy ride over the next 12 months or so. I don't see, we've got a lot, you mentioned strange time, strange things going on, where we're in an incredibly, we have this major affordability and affordability issue in Toronto. And I think that's actually a good thing that we've got some natural market forces slowing. I don't think we're pricking any bubbles or anything of that sort. I think we do have too much demand. I think we've got some natural forces at work with the capital markets and let's, and, and people migrating to lower cost areas. And this may be very healthy for places like Halifax. Good for Montreal, maybe even some other places outside of, of Toronto to sort of have a chance to think about how all this works together. I, I, I'm pretty darn positive on, on where things are going, but we certainly have some challenges. We also have a lot of risks going on with an election coming, coming up. We know how policies can change very, very quickly if something happens that somebody else come comes in. Yeah. I'm not sure I really answered your question on Jesse (32m 45s): No, I mean, it's one of those things. I, I, I try to crystal crystal ball, my, my guests, and it's, it's just interesting to see different, different responses. I guess the, you know, I'd love to get you back on where we could talk a little bit more in depth. We didn't really get to some of the kind of financial and institutional stuff, but just on the, the interest rate environment, like what we have found is that PR properties that, you know, say we mortgages five-year mortgages, ten-year mortgages that are coming due, or refinances are happening. The loan to values is not really the litmus test anymore. It's the debt service coverage, right? It's because interest rates have, you know, 2.5, 3%, and now, you know, we're at six potentially more for certain types of mortgages. Do you think that that implication is going to do what recessions typically do or the austerity typically does for the investment community? It kind of weeds out the, the ones that you got over their skis a little bit. Do you have a view on that? Jim (33m 48s): Well, I think, I think one always has to be very careful with financial leverage and make it very, very strategic, as opposed to just what's the maximum that the lender will give me and, and go do that. It's not only the rates per se, right? It's all the covenants and the bells and whistles and the flexibility that you might have. So if you're, if you've taken on what might be a bit too much, depending on your property situation, then yeah, I think there could be the odd opportunity for those, for those things where, or you better find some friendly long-term equity partners to help you out for the next little while. But, but I, I think the other option might be to try and see if there's some more favorable, short term financing that might get you through this with some more flexibility and more options that especially if you have some value add opportunities on your property, because the only way that you're going to offset the negative impact of that denominator going up on your evaluations is to think about how you can improve the numerator. And maybe, maybe that is more, you know, more, more value add shorter term, that type of financing, maybe not, but we'll what we'll see in the big question is everybody's discussing is, is, is, is really a, a ramp up a permanent shift in our inflationary environment or two years from now, or are we going to be back to where we are with the long-term trends and demographics and the like Jesse (35m 18s): Angel transitory is, is the word of the, seems like the word of the, the year w Jim (35m 25s): Pivot last year. Yeah, Jesse (35m 27s): Yeah, exactly. Well, that's great. Before, before we kind of wrap up here, are there any resources that you're currently I'm delving into, whether it's books, podcasts that you think would, you know, listeners would get, get some value out of Jim (35m 45s): Interesting that you say that, so there's, there's actually some, I'll follow up with you Jesse and send you a few that I have from a few classes specifically. But so in addition to our leadership class, we, our capstone class classes a major project, but we have a creative component to that, a creative workshop where we try and sort of, you know, get, get students thinking about innovation, thinking about rethinking, if you will. And that word rethinking, I I'm reading Adam Grant. Think again, I don't know if you've read that. I found that incredibly interesting and I've gone back and actually the students are watching one of his Ted talks on the surprising habits of original thinkers, for instance. Jesse (36m 32s): Yeah, because I was like Adam Grant, I knew, I think the book, the original, it was called the originals, right? The great fodder. Jim (36m 40s): And then his first one was givers and takers, which is kind of how we try and groom our students be a giver, not a, not a taker. And, and, and, and look behind you. It's, I I'm, I'm really enjoying kind of reading that because it's, it gives you different ways to think about things. And it, it puts people into these buckets that you, you, and it goes back to some of what you were saying earlier about, you don't want to, you know, you could be a preacher or a prosecutor and that, you know, with your ideas, but you G you gotta be, you gotta be flexible and realize that you don't know everything. And I find that one very interesting. Jesse (37m 20s): Well, you said it better than I did Jim, for, for individuals that are just interested in reaching out, or kind of even the program interested in learning more about the, the program that you teach or the MBA in general, where, where can we send them to, we'll put it in the show notes. Jim (37m 37s): Oh, you can give him my email address if you want, or, or a send, send you to the, the website for the MRI or the Brookfield center on honestly, they're, they, they need some work and I've been Jesse (37m 51s): What ed, what I don't know at one academic institution, I went to that the website didn't need a little work. My guest today has been Jim Clayton. Jim, thanks for being part of working capital. Jim (38m 4s): Thank you. Did I say I really enjoyed myself and appreciate the opportunity. Jesse (38m 13s): Thank you so much for listening to working capital the real estate podcast. I'm your host, Jesse, for galley. If you liked the episode, head on to iTunes and leave us a five star review and share on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one. Take care.
On the first day of the Mass Casualty Commission hearings, people were assured this won't be a cover up for the RCMP or government. And on day 25, there are still concerns of openness and transparency. The latest criticisms come from a decision to have two senior RCMP leaders testify remotely, without there being any cross examination by lawyers representing the families of the victims. That prompted a boycott of the proceedings by some of those families and their legal team. And there is still a big question hanging over the entire process. Will we learn the truth about what happened? Wayne MacKay is a Professor Emeritus at the Schulich School of Law at Dalhousie University. He is concerned with the overall feelings of distrust and mistrust when it comes to some of the way the process has been handled. He weighs in on the cost of the Inquiry so far and on the potential for a meaningful outcome. MacKay also says there's still time for the commission to address the "elephant in the room".
Ali Kian Yazdanfar poursuit une carrière active à la fois comme contrebassiste solo de l'OSM, soliste, chambriste et pédagogue. Après un diplôme en physique de la Johns Hopkins University, il a été membre du Houston Symphony, du National Symphony à Washington, le San Francisco Symphony et l'Orchestre symphonique de Montréal, où il joue actuellement. Agissant à titre de professeur adjoint à l'École de musique Schulich de l'Université McGill, il est souvent invité à donner des cours de maître dans le monde entier. Ali peut également être entendu sur de nombreux enregistrements de l'OSM, dont plusieurs ont reçu des prix Juno et Opus. Avec le Australian Chamber Orchestra, il a été contrebasse solo invité sur l'enregistrement des Winter Morning Walks de Maria Schneider, qui a remporté trois prix GRAMMY. Notre politique de confidentialité GDPR a été mise à jour le 8 août 2022. Visitez acast.com/privacy pour plus d'informations.
Nova Scotians were fully in support of the families of the victims who called for a Public Inquiry rather than a review of the 22 murders in 2020. The Mass Casualty Commission was struck and has now started presenting evidence and hearing arguments about who should be called as witnesses. With so many questions still unanswered, some are describing a crisis of confidence in this process if some people aren't brought forward to answer questions. Professor Emeritus of the Schulich School of Law at Dalhousie University, Wayne MacKay takes a legal examination of the process and what is needed for all of us to have confidence in the integrity of the process.
Instagram: @noemiechemali_music • French-Lebanese-American violist Noémie Chemali graduated from McGill University's Schulich School of Music, where she received her Bachelor's degree. She received her Artist Diploma from the Robert McDuffie Center for Strings at Mercer University where she studied with Becca Albers and Hsin-Yun Huang. She currently lives in New York City where she is a Master's Degree student at the Juilliard School studying under Carol Rodland. Some performance highlights from her time at McGill include playing a concert with clarinetist David Krakauer in a program of Klezmer music, being selected to perform a chamber work by John Rea in a concert presented by the Société de musique contemporaine du Québec (SMCQ) alongside Schulich faculty and students, and participating in the 2018 Musical Chairs Chamber Music Festival, where she collaborated with students from the Mozarteum (Austria) and the Yong Siew Toh Conservatory of Music (Singapore). During her time at the McDuffie Center for Strings, she performed alongside faculty members of the Cavani and Ehnes String Quartets. In 2019, she also performed in “A Night of Georgia Music,” a tour of the American South with violinist Robert McDuffie, guitarist Mike Mills of the band R.E.M., and pianist Chuck Leavell of the Allman Brothers Band/Rolling Stones. Noémie has spent her summers at music festivals such as The Music Academy of the West, Sarasota Music Festival, Orford Musique, The Lunenburg Academy of Music Performance (LAMP), Scotia Festival of Music, Manhattan in the Mountains, and Green Mountain music festivals. While Ms. Chemali was a fellow at the Music Academy of the West, she played under the baton of esteemed conductors Larry Rachleff, Stéphane Denève, Gustavo Dudamel, and James Conlon. While at Sarasota Music Festival, she served as principal violist of the festival orchestra under the baton of Jeffrey Kahane and performed in a faculty concert as a member of a quintet with bassoonist Frank Morelli. She has, throughout the years, participated in various masterclasses with artists such as Joseph Silverstein, Ida Kavafian, Cynthia Phelps, Karen Dreyfus, Richard O'Neill, James Dunham, Jutta Puchhammer, and the Pacifica String Quartet. Passionate about diversifying musical audiences, she co-founded the Hildegard Project, which aims to bring music written by women composers to women's shelters in the greater Montreal area, and was invited to speak about her work at the Classical Evolution/Revolution Conference in Santa Barbara, CA. Most recently, she founded Music@Daybreak, an interdisciplinary performance and research project which features performances at homeless shelters in collaboration with the Sociology department at Mercer University. Noémie is the recipient of a Juilliard Career Grant, George J. Jakob Global Enrichment Grant, and Gluck Community Engagement Fellowship. In August 2022, she will be releasing Opus 961, her debut album of music written by contemporary Lebanese composers.
Researchers out of Lawson Health Research Institute and Western University' Schulich School of Medicine and Dentistry will be examining the impacts of what's known as “moral injury” on the brains of health-care workers amid the COVID-19 pandemic. A moral injury involves injury to a person's moral conscience and can happen when someone sees or does something, or fails to prevent something, that conflicts with their morals. As a result, people are often left with profound guilt and shame. Dr. Ruth Lanius, associate scientist at Lawson, Schulich professor and London Health Sciences Centre psychiatrist, joins Mike Stubbs to discuss. See omnystudio.com/listener for privacy information.
“We’re all treaty people. I do believe that, because all of our ancestors signed this agreement together. So it’s our responsibility, it’s not a one sided-agreement, to learn about the treaties and to be able to speak about them.” - Falen Johnson In this Conversatorio, we present a discussion on performance, interpretation, and making treaty from the 2014 RUTAS International Multi-Arts Festival. Originally part of a festival conference event called Restaging Treaty: Embodied Memories, Written Records, and Living Archives, the event started with a reading of a new play commission by Falen Johnson on the subject of Treaty 9, and was followed by this panel discussion. In order of voices you will hear, the panelists are: Sasha Kovacs - artist, performance scholar, core/founding member of Ars Mechanica, and Ph.D. candidate at University of Toronto. Reverend Grafton Anton - Wolf Clan from the Onaida of the Thames First Nation, former Elder in Residence at the University of Toronto’s First Nation House, Onaida language teacher, and retired reverend at United Church of Toronto’s Urban Native Ministry. Falen Johnson - Mohawk and Tuscarora from Six Nations Grand River Territory, awriter, dramaturg, actor, co-host of CBC Podcasts’ The Secret Life of Canada with Leah Simone Bowen, and guest-host of CBC Radio’s UNRESERVED. John Long - the author of Treaty No. 9: Making the Agreement to Share the Land in Far Northern Ontario in 1905, and at the time of this discussion, professor at the Schulich School of Education in North Bay. This episode is dedicated to his memory. Murray Klippenstein - over 25 years of a broad social justice practice in the fields of Native rights, environmental law, housing and employment law, and civil rights with Klippensteins law firm. Murray has represented the Mushkegowuk First Nation in James Bay for over 15 years. SHOW NOTES: Diana Taylor’s work on living archive and her book The Archive and the Repertoire. Taylor founded the Hemispheric Institute at the NYU, which was a big inspiration for the the RUTAS Festival. Falen spoke with Erika Iserhoff and Rosary Spence in her process of creating her piece. Fort Albany, spoken of here as a fort and an important Hudson's Bay Company trading post in 1905. Today it is better known as Fort Albany First Nation. John Long’s book, Treaty No. 9: Making the Agreement to Share the Land in Far Northern Ontario in 1905 The diary of treaty commissioner Daniel G. MacMartin has been an important piece of current disputes about Treaty 9 The Ring of Fire development area in the James Bay lowlands of northern Ontario. Mushkegowuk Cree First Nation Since 1997, the Canadian Supreme Court has allowed oral testimony to be used as evidence in court. Further resources: Trick or Treaty? a 2014 film on Treaty 9, and a Canadian Heritage minute featuring Rosary Spence. “Todos somos gente de tratados. Lo creo, porque todos nuestros antepasados firmaron este acuerdo juntos. Así que es nuestra responsabilidad, no es un acuerdo unilateral, aprender sobre los tratados y poder hablar sobre ellos.” - Falen Johnson En este Conversatorio, presentamos una discusión sobre el performance, la interpretación y la elaboración de los Tratados. Esta conversación fue parte del Festival Internacional de Múltiples Disciplinas “RUTAS 2014”. Originalmente esta conversación fue parte de una conferencia dentro del festival llamada “Restaging Treaty: Embodied Memories, Written Records, and Living Archives.” Este evento comenzó con la lectura de una nueva obra comisionada escrita por Falen Johnson sobre el Tratado 9, y fue seguido por este panel de discusión. En el orden de las voces que escuchará, los panelistas son: Sasha Kovacs- Artista, Académica de performance, miembro principal / fundador de Ars Mechanica, y candidato Ph.D. en la Universidad de Toronto. Reverendo Grafton Anton - Wolf Clan de Onaida of the Thames First Nation, precedente Elder residente de la Casa de la Primera Nación de la Universidad de Toronto, profesor del idioma Onaida y reverendo jubilado del Ministerio Urbano Nativo de la Iglesia “United Church” en Toronto. Falen Johnson - Mohawk y Tuscarora de Six Nations Grand River Territory, escritora, dramaturga, actor, y co conductora junto con Leah Simone Bowen de el podcast de CBC “ The Secret Life of Canada”, y conductora invitada de UNRESERVED parte de CBC Radio. John Long -autor del libro titulado: “Tratado No. 9: Haciendo el Acuerdo para compartir la tierra en el extremo norte de Ontario en 1905.” John era profesor de la Escuela de Educación Schulich en North Bay durante el tiempo que esta discusión fue grabada. Este episodio está dedicado a su memoria. Murray Klippenstein - Tiene más de 25 años con amplia práctica de justicia social en los campos de los derechos indígenas, derecho ambiental, derecho laboral y de vivienda, y derechos civiles en la firma de abogados: Klippensteins. Murray ha representado a la Primera Nación Mushkegowuk en James Bay durante más de 15 años. Bibliografía: El trabajo de Diana Taylor sobre el archivo vivo y su libro The Archive and the Repertoire. Taylor fundó el “Hemispheric Institute” en NYU, que fue una gran inspiración para el Festival RUTAS. Falen habló con Erika Iserhoff y Rosary Spence durante el proceso de creación de su pieza. Fort Albany, mencionado en el audio como un fuerte e importante puesto comercial de la Compañía Hudson 's Bay Company en 1905. Hoy en día es mejor conocido como Fort Albany First Nation. El Libro de John Long, Treaty No. 9: Making the Agreement to Share the Land in Far Northern Ontario in 1905 El diario del comisionado de tratados Daniel G. MacMartin ha sido una pieza importante para las disputas actuales sobre el Tratado 9 “The Ring of Fire development area” El área de desarrollo del Anillo de Fuego en las tierras bajas de James Bay en el norte de Ontario. Mushkegowuk Cree First Nation (La Primera Nación Mushkegowuk.) Desde 1997, la Corte Suprema de Canadá ha permitido que los testimonios orales se utilicen como prueba en los tribunales. Más recursos: Trick or Treaty? una película del 2014 sobre el Tratado 9, y un minuto sobre la herencia canadiense con Rosary Spence. All Merendiando episodes are in Spanglish, English, or Spanish. New episodes of Radio Aluna Theatre are released on Wednesdays. Follow and subscribe to this podcast on iTunes, Spotify, Google Play, and wherever else you get your podcasts. Radio Aluna Teatro is produced by Aluna Theatre with support from the Toronto Arts Council, The Ontario Arts Council, the Canada Council for the Arts, the Department of Canadian Heritage, the Metcalf Foundation and TD Bank. Aluna Theatre is Beatriz Pizano & Trevor Schwellnus, with Sue Balint; Radio Aluna Theatre is produced by Monica Garrido and Camila Diaz-Varela. For more about Aluna Theatre, visit us at alunatheatre.ca, follow @alunatheatre on twitter or instagram, or ‘like’ us on facebook. Todos los episodios de Merendiando son en Inglés, Español y Spanglish. Nuevos episodios de Radio Aluna Teatro cada Miércoles. Síguenos y suscríbete a este podcast en iTunes, Spotify, Google Play, y donde sea que escuches tus podcasts. Radio Aluna Teatro es una producción de Aluna Theatre con el apoyo de Toronto Arts Council, Ontario Arts Council, Canada Council for the Arts, Department of Canadian Heritage, Metcalf Foundation y TD Bank. Aluna Theatre es Beatriz Pizano & Trevor Schwellnus, con Sue Balint. Radio Aluna Theatre es producido por Camila Díaz-Varela y Mónica Garrido. Para más información sobre Aluna Theatre, visita nuestra página alunatheatre.ca, síguenos en twitter @alunatheatre o en instagram, o haz click en “me gusta” en facebook.
The parents of missing 3-year old Dylan Ehler of Truro were in court recently trying to shut down social media posts making horrendous accusations against them. Privacy Lawyer David Fraser of McInnes Cooper discusses the intersection of speculation and defamation on the internet.
This episode provides a unique look inside the community of a serial entrepreneur and angel investor. Chris Carder is the Executive Director of the Office of Innovation and Entrepreneurship at the Schulich School of Business. He leads the development of accelerator services for the university and various programs and partnerships throughout the wider innovation ecosystem. He also heads up the ‘Schulich Startups' community - now supporting more than 150 student/alumni companies. Chris believes that with crisis comes opportunity. When COVID struck, Chris and his team at Schulich partnered with Google, Shopify, the City of Toronto and more to create the Digital Main Street ShopHERE program. This program helped create online stores for small businesses and employ hundreds of students. Chris shares how he's navigated through 2020 to make a massive impact and create community. Episode Notes: https://www.createcommunitypod.com/episodes/chris-carder
This episode we welcome on Shaily, our representative from Schulich School of Medicine & Dentistry at Western University! Shaily takes us through the admissions process, curriculum, and student life of Schulich School of Medicine. Thanks for joining us Shaily!
On this episode of the podcast we are joined by a special guest, Michele Molino the Founder of Female CoFounder. Michele is a badass female entrepreneur, and also a Product Manager at Vmware Pivotal Labs. She's previously worked on brands like Virgin Mobile, CraveTV, Bell and Lucky Mobile. Michele is a proud Schulich alumna who graduated with Honours and Distinction specializing in Entrepreneurship, Marketing and Finance. Now she's creating an opportunity to uplift women who are excited about building the future of tech.For every 20 start-up founders in the technology sector, less than 3 are women. We're working with everyone in the tech community to change that. Female CoFounder is a community where you build diverse teams for side-projects and startups. Join the community at www.femalecofounder.com - If you've ever thought about starting a side hustle, building a business or venturing into entrepreneurship, this is the conversation for you. Michele shares her story about how Female CoFounder was built, some of the challenges and setbacks she's gone through and her learnings along the way. Nika's been a community member of FemaleCoFounder since their early days, and led their first Lightning Talks on Risk and Resilence in entrepreneurship, and how to build up your risk tolerance. Michele talks about the community she's building and how important it is to have the right people by your side when you're creating something special. With Michele we unpack what are some common fears that hold women back from starting businesses. We talk about how to get out of your own head and how to persevere.
Have you been wondering what it's like to be a medical student during the pandemic? How do we get that crucial hands-on experience? How will it impact our medical education? This week the Tachy Talks Team brought on their good friend and classmate Peter to discuss Med School: Zoom Edition at Schulich School of Medicine and Dentistry. Join us as we chat about the ups and downs of online learning, doing observerships during the pandemic, and the utility of anatomy class! As we head into one of the toughest finals szns we've probably encountered so far, remember to keep reaching out, scheduling zoom dates with your pals, and taking time to take care of yourself! The Tachy Talks Team's DMs are always open
Sean Schulich Flute SAMPLES P2P | 21 Nov 2020 | 24.4MB Jazz / 64 Loops / 36 One Shots Flautist and New York City native Sean Schulich spent a couple […]
INFO ON EUGENE ROMAN:LinkedIn Profile: https://www.linkedin.com/in/eugene-roman-45274410/ BIO:Served on the board of the Ukrainian Credit Union limited for 20 years.Canadian CIO of the year in 2015.Helped Ukrainian credit union significantly grow base and adopt a new technologyScholarship named after him “Ukrainian Credit Union Limited Eugene Roman Scholarship”EVP Digital Excellence at Canadian Tire CanadaCurrently the principle of “Design.ai, Ltd. focused on applying design intelligence to business opportunitiesFrom 2012 to 2018 Eugene was the EVP of digital excellence and tech advisor for the Canadian Tire CorporationCurrently serves on the board of the The Stars Group Inc.Currently serves on the board of EPM Systems Inc.Owns Rosewood Estate Winery – a family winery with wife Renata and children Krystina (marketing) and William (production), a boutique production vineyard producing 5000 cases of wine and 1500 cases of meade a year.Riesling, Chardonnay, Pinot Noir, Merlot and Cabernet Franc are the products of the vineyard.2015 Canadian CIO of the year for creating a strategic plan to transform Canadian Tire into an innovator in digital marketing and overseeing the development of three digital centers including “Cloud 9 Digital Innovation Center” in Winnipeg and the “Digital Garage” in Kitchener Waterloo Ontario.Distinguished Senior Fellow at the Monk School of Global Affairs at the University of Toronto.Responsible for integrating critical technology and business processes to better deliver innovative programs.Has led efforts to increase productivity and improve performance in order to deliver current “next GEN” services more efficiently in large organizations.Started career and telecom working for the Nortel Networks corporation and then went onto work with Bell Canada Enterprises Inc.Eugene is a frequent speaker on the “hyper connected digital world.”He is also on the board of governors at York University.Today Eugene is the Executive in Residence for AI at the Schulich Business School.SHOW INTRO:When I grow up in Montreal there was Expo 67,I still remember Moshe Safdia and his McGill architecture thesis project that became the incredible housing development called Habitat and the Yugoslavian pavilion which was a pyramid upended and standing on his point.Ken Dryden, Guy La Fleur and Rocket Richard we’re all part of the Canadiens hockey team as they won the Stanley Cup after Stanley cup every year. We even got the day off school when the first Canada Russia hockey series was played.There was the Olympics in 76 and I watched as Nadia Comaneci get the first ever perfect 10 in gymnastics.And every weekend throughout the winter my four brothers and I along with my parents we drive north to Mont Tremblant and ski. And it seemed like every Friday night there was a stop at Canadian tire. No if you don’t know Canadian tire it was a kind of a mix between REI, Dick’s Sporting Goods and AutoZone. I remember it had a very specific smell something like a mix between tires and travel. Canadian tire, next to Pascal’s the hardware store, was one of our favorite places.My guest on today’s podcast grew up during the same time and went on to become the Canadian CIO of the year in 2015.The Ukrainian credit union has a scholarship named after him and he sits on a number of boards of tech-based companies. He’s also the owner of a vineyard and, by consequence of making meade, a beekeeper producing thousands of gallons of honey every year and is Executive in residence for AI at the Schulich business school.And that CIO of the year award that Eugene Roman won in 2015 well, it was for creating a strategic plan to transform Canadian Tire into an innovator in digital marketing and overseeing the development of three digital centers including “Cloud 9 Digital Innovation Center” in Winnipeg and the “Digital Garage” in Kitchener Waterloo Ontario.INFO ON DAVID KEPRON:Website: https://www.davidkepron.comLinkedIn: https://www.linkedin.com/in/david-kepron-9a1582b/Instagram:davidkepron and NXTLVL_experience_designTwitter:@davidkepron
On this episode of the Comprehensive Canadian University Guide, we feature York University's Schulich School of Business BBA/iBBA programs. Our guests this week are Hollis, Assistant Director of Recruitment and Admissions at Schulich, as well as Meena, a 4th year iBBA student. We discuss everything from academics and student life, to co-op, admissions and more! We highly recommend going to the Schulich website for more information or contacting studentservices@schulich.yorku.ca if you're interested in learning more. Don't forget to follow us on Instagram @ccugpodcast Show Notes (0:58) – Introduction (5:10) – Academics (23:16) – Extra-Curriculars / Student Life (30:47) – Student Support (38:43) – Admissions (48:02) – Why Schulich BBA/iBBA? --- Send in a voice message: https://anchor.fm/ccug/message
This episode is sponsored by CORE. How can you disrupt your habits of thinking?David S. Weiss, ICD.D is President and CEO of Weiss International Ltd., a firm specializing in innovation, leadership, and HR consulting for many Fortune 500, social enterprise and public-sector organizations. David has provided consulting on more than 1000 business and organizational projects on five continents including in Canada, USA, England, Holland, Paris, Hungary, Italy, Israel, Russia, China, Malaysia, Uganda, South Africa, and Chile. He delivered over 200 conference presentations and he has written over 50 journal and trade articles. He is the author or co-author of seven books including Innovative Intelligence (Publisher: Wiley, also available in Chinese and Persian) which was reported by CBC News as a “top 5 business book” in the year it was published and Leadership-Driven HR which was listed by the Globe & Mail Report on Business as a bestseller in the year it was published.Previously, Affiliate Professor of Rotman School of Management, Senior Research Fellow at Queen's University, and VP and Chief Innovation Officer in a multinational consulting firm, David currently teaches at four university executive development programs, including Rotman, Schulich, DeGroote and St, Mary's University. David's doctorate is from the University of Toronto and he has three Master's degrees. He has been honoured by many organizations globally including by the Government of Canada with the “Distinguished Lecturer” certificate, by the Asia-Pacific HR Congress with the “HR Leadership Award,” by the Institute for Performance and Learning as the first lifetime “Fellow” in Canada, and by HRPA with the fourth lifetime designation of “Fellow HRPA.”You can download many of David's innovation articles at www.weissinternational.ca/articles, read a comprehensive article about David's innovative concepts at wikipedia.org/wiki/David_Solomon_Weiss, and join over 10,000 followers of David's on Twitter at @DrDavidWeiss.Dr. David's Book - https://www.amazon.ca/Innovative-Intelligence-Sustainable-Innovation-Organization/dp/0470677678--- Send in a voice message: https://anchor.fm/deb-crowe/message This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit debcrowe.substack.com
Richard and Adam are joined by Conor Fitzgerald, a 1L student at Osgoode Hall Law School enrolled in the Joint JD/MBA Program. Conor talks about his unique background and his pursuit of the joint MBA/JD program***. Conor was part of the Arts, Media and Entertainment program at Schulich, where he was exposed to 1Ls before 1L. The group talk about the rhythm of law school. Conor reflects on coming into law school knowing how to fail. Richard and Conor talk about their class without jokes before Conor reveals a deep hatred (kidding) for Richard's classes. Check out Conor's Projects: Bygone Theatre https://www.bygonetheatre.com/ The Toronto Independent Theatre Coalition https://www.thetitc.ca/ Music Attribution: What's Love Got to Do with It (Symphonic Version)by Tina Turner Buy now: https://VA.lnk.to/80sSymphonic
Carlos Rios #Ivorybusinesssolutions | Ep 6 | In Conversation WithCarlos Rios is an entrepreneur, Jiu-Jitsu Brown Belt, marketing professional, and a recent graduate of the Schulich school of business masters program. In this episode Carlos and Andre talk about how professionals can identify how to bring value to their industry, navigating COVID-19 as an entrepreneur, theories of philosophy, and most importantly, his new life as a dog dad. INDULGE.....What's up everybody my name is Andre Williamson, and each week since the global pandemic started I've been chatting with my good friends about the economy, mental health, finance, and many other topics. One day I decided to turn the camera on and start recording. Welcome to ‘IN CONVERSATION WITH…'....Elevate is a new media platform that collaborates with industry experts to develop engaging content on trends in new business, digital media, technology, and culture.This channel is for anyone who is entrepreneurial, civic-minded, and pursuing a career of their choosing. Those who want to be the employers, not the employed. The ones who stay awake at night dreaming of their master plan but are not sure how to get started. If that's YOU, hit SUBSCRIBE.
Prof. Marcia Annisette studies the accounting profession from an interdisciplinary perspective. She talks about her experiences conducting interviews, the role of the big accounting firms in the profession, and the importance of having a PhD supervisor who is excited by the same questions that you are. Hosted by Cameron Graham, Professor of Accounting at York University, and produced by Bertland Imai of York’s Learning Technology Services. Visit our website at podcastorperish.ca Podcast or Perish is produced with the support of York University.
With the Faculty, Alumni, Staff, and Students — or FASS — winter production opening February 6, the UWaterloo theatre company’s president, Diana Skrzydlo, is our interview guest. The continuing lecturer tells us why she has been with the group since her student days. Stakeholders from across campus meet to monitor and respond to updates on coronavirus. It’s performance appraisal season. And the University will now welcome 10 new Schulich Leaders at a time instead of four after investment in the Schulich Leader Scholarship doubles. Links in this episode: Coronavirus information - www.uwaterloo.ca/coronavirus Campus Wellness news site - https://uwaterloo.ca/campus-wellness/news Send related questions to - coronavirus (at) uwaterloo (dot) ca Performance appraisal information and forms - https://uwaterloo.ca/human-resources/support-employees/compensation#performance-appraisal Human Resources partners - https://uwaterloo.ca/human-resources/about-human-resources/human-resources-partners-department Schulich Leaders, Undergraduate Entrance Awards - https://uwaterloo.ca/undergraduate-entrance-awards/awards/schulich-leader-scholarships Schulich Leaders Scholarships website - http://www.schulichleaders.com WCMS change management survey - https://uwaterloo.ca/building-the-next-wcms/wcms-change-management-survey FASS theatre company - http://fass.uwaterloo.ca/ Box office for FASS 2020: Nothing Beats Rock! - tinyurl.com/FASS2020 To get involved in FASS - email prez (at) fass (dot) uwaterloo (dot) ca
In this episode of Multipotent M.D., Ziad and Chris interview Dr. Gary Tithecott, Pediatrician and Associate Dean of Undergraduate Medical Education at Schulich School of Medicine and Dentistry. Dr. Tithecott discusses his career in pediatrics, the contrast between his role as a physician and his role as Associate Dean, the implementation of the new Competency-Based Medical Education (CBME) Curriculum at Schulich, and much more!
Rob: Hey guys, I'm Rob Tétrault from robtetrault.com, head of the Tetrault Wealth Advisory Group here at Canaccord Genuity Wealth Management. I am pumped today. We've got a fantastic guest. Good buddy of mine, Cam Goodnough. I mean we tried to get someone else, but he's good enough for now. That's a joke. I'm really excited to have him here. We're in Winnipeg. He's in town. Not every day we get a CEO of a publicly listed company on the TSX in town chatting in our office in Winnipeg. We're thrilled to have you here Cam. Cam: Thanks for having me. Rob: Yeah, it's our pleasure. So, today we're talking about private debt. We're going talk about your story a bit. I want to hear how you got involved with financial services. I want to hear about Timbercreek, their role, how you see it fitting. Really, private debt has changed a lot in the last 10, 15, 20 years, even 50 years. It's a lot more available now than ever was, and we'll talk about that in a sec too. Let's talk about you and how you started in financial services industry. Where are you from originally? Cam: A town called Smithville, Southern Ontario – small town, about 2,500 people. My parents are both from Saskatchewan and it was great. It was a kind of a Huck Finn existence until you were about 14 or 15, and then all you want to do is get out of that town. My travels took me to university. I went to the University of Windsor, got my undergrad in commerce. Ultimately, still didn't know what I wanted to do with my life as you're pretty young and you're still figuring things out. I ended up going to do my grad work at, my MBA, and my law degree at Osgoode Hall and Schulich at York University, Rob: That's an okay university, but I went to U of T, it's a little better for my law school, but anyways… Cam: (Chuckles) and that's where I found out about investment banking. I come from where I came from. It wasn't a topic of conversation around kitchen table and that's it. And it was at that school, at that point that I found out about investment banking, started exploring what, what that meant, what that would look like and that was my start in financial services. Out of school, I joined Merrill Lynch in their corporate finance group. And you know, back then, late ‘90's, spend a lot of time on technology and technology IPOs and that ended in the early 2000's had to reinvent myself. And at that point … Rob: So, you were actually an investment banker late ‘90's with the tech run up in the tech wreck? Cam: Yes. Rob: Oh, that must've been really exciting. Cam: It was, you're working on some fantastic deals. Some really interesting companies. You'd have story. I mean, I'm not necessarily going to dive too deep today, but there were some ludicrous things that were happening at valuation, valuations and multiples of number of engineers in terms of figuring out how you value a pre revenue company and you really opened your eyes. And that really set the foundation for me around value and what is it that I'm paying for and what am I really getting for what I'm paying for. And that that's has stuck with me. In 2001 when you had the start of the collapse of NASDAQ, I was still young at this point and mobile in terms of profession and in terms of focus area, and there was an empty seat available in the financial services area of the firm. So, I made the move from technology, pre-IPO financing stuff to financial services, spent a lot of time digging into banks and insurance companies and wealth managers and I really found an affinity for wealth managers. Particularly when you were covering somebody who was a really good investment professional who understood value. Speaking back to my lessons through the tech bubble, crash, whatever you want to call it, that was really my start in my introduction to, not just private debt, but just wealth management generally around the different asset classes. How does this strategy work? How does that strategy work? What are the pros and cons of the various strategies? Rob: Were you advising wealth advisors, or were you a Wealth advisor at that point? Cam: At that point I was advising the companies themselves, whether they're publicly traded like a CI or financial, or whether they were private companies, we were delivering and whatever financial services they needed funding in terms of fund launches or in terms of capital market needs, raising debt, raising equity, mergers and acquisitions, that sort of thing. And that really fueled my interest in the space. At this point, I'm now at RBC and then ultimately culminated my career at TD. At TD, I found this young company called Timbercreek. They were small and they weren't particularly well covered by the large institutions and I've got to really know the two founders there, spent a lot of time with them, raised, started raising them capital for the predecessor funds to typically financial and ultimately in 2016 advise them on the merger of a couple of their companies that created at the form Timbercreek financial. And it was out of that, Hugo and Blair talked to me about joining Timbercreek. At that point, having spent 17 or 18 years in investment banking, it was a chance to do what I'd been on the other side of the table, what I've been advising others to do. Rob: So now you're CEO of Timbercreek financial, it's 2016. Cam: Yes. Rob: At that point Timbercreek financial had a focus on private debt exclusively. Correct? Cam: Correct. Rob: So, what's your view on it, and what are the first things you do with respect to Timbercreek? Cam: Well, the first thing that we did was assessed the, the risk of the portfolio. That to us was – is – a fundamental tenant. We felt that where we were in the real estate cycle, was probably later than earlier in terms of, you know, what inning are we in. So, we started de-risking the portfolio. What that means for private debt, we're a commercial real estate lender. So, all we do is commercial real estate. We don't do single family residential mortgages. Our sweet spot is between $5 and $50 million. We love apartment building. Rob: What would be the loan to value that you'd be doing on these projects? Cam: Our average portfolios are about a billion to, would be 67%. Rob: And is this exclusively mezzanine financing, kind of short-term stuff? Cam: It is short term, but it's not mezzanine, it's first mortgages. So, we're providing first mortgages to real estate companies who are transitioning an asset from or executing a value-add strategy. You can call it either one. So, they're looking for a short-term bridge solution to take this property from point A to point B or rather the other way around. Take a B asset and make it an A asset, or a C asset and make it a B asset. And at that point we'd get taken out by traditional financers, whoever that is, who have lower cost of capital than we have, or a sale of the property, which we get rebates. So, our typical mortgages are two years, our average duration in the portfolio ranges. But 1.1, 1.2 years. Rob: And this private debt has been around for a while and it serves a ridiculously important purpose because these developments don't happen otherwise. Right? Like you've got a building that needs to either expand or maybe scale up, add some stories. I'm thinking maybe in Toronto and Vancouver. Cam: Absolutely repositioning them. I'm renovating them. I'm leasing them up if they're unreleased or are under market rents. And so, you know, historically this activity was done by the financial institutions. but there was, as the regulations have evolved the need to hold more capital against certain kinds of projects versus other kinds of projects. And you've seen a really huge number of entities created over the last 20 years, but really heavily in the last 10 years that are focused on providing private alternatives for professional investors to access debt capital while they're executing the projects. And so, our niche –I've talked about some of that stuff and our differentiators – is that we are flexible. We don't have 10,000 mortgages. We have, you know, a 125-150 mortgages. So, we're flexible in the, you were customizing mortgages each time too, to the borrower's needs. We are a real estate company first and foremost. We understand the real estate. We're a financial provider secondarily, meaning we're making an assessment on whether we like the real estate, and if a downside scenario were to occur, would we be happy owning this at our loan devaluation, which is very important, and could we complete the other part? Could we complete the project? That's being done. So, do we like the property? Do we like the sponsor, who's behind this project? And thirdly, do we like the plan, and do we believe that we need, you know, more apartments in Winnipeg? Do we believe we need more office space in Toronto? Whatever that is. If we agree with the thesis and we have faith in the sponsor, and first and foremost, have felt and touched and walked through the actual real estate and we liked the location. If those things all tick, that's a project that we can get behind at the right LTV level. Rob: Okay, so now you've been CEO. Fast forward a few years. You're CEO, you're running Timbercreek Financial. The stock is doing well, the stock is yielding, the stock pays what kind of dividend? Cam: On market price, just over 7%. Rob: So, the unit holders end up buying the stock at trades on the Toronto stock exchange. They buy the stock. In theory they hold it, they collect the dividend. That's a quarterly dividend? Cam: That is a monthly distribution. Rob: Monthly distribution. You're getting your annual yield to call it about 7%. In theory, the stock should hopefully in your mind, would it grow over time in theory? Is that the plan? Cam: Well, we are what I would describe as a, people shouldn't own us thinking that there's capital appreciation, right? We are a yield play, or at the end of the day we are a portfolio of mortgages. We lend a dollar and if we do our job right, we get 100 cents back; we don't get 105 cents back, we get 100 cents back. We collected interest on the way through and we flow all of that interest income out to our investors. So, it's literally holding the investors should think of it as holding a portfolio of mortgages and they're getting a yield out of it and that the share price is publicly traded. So, there is daily ups and downs, but you shouldn't be thinking there's a 10% increase or decrease. It shouldn't be that volatile. Rob: Right. I'm glad you mentioned that because this is not, you know, owning real estate or this is not owning a company like a publicly traded equity where you're hoping to get a yield plus growth. This has a very clear niche. When you talked about access to investors. So Timber, you know, when I grew up, you couldn't access private debt like this was not possible. You couldn't out and just buy access $2 billion, you know, a $100 million or $1 billion fund managers that could actually manage private debt for you. So that's now changed and it's impressive, I'd say. Cam: Yeah it has changed. The whole world is changing, particularly post financial crisis, you've had, investors who might've not liked that roller coaster ride and you've had this insatiable drive towards yield and stability and uncorrelated returns. That's happening at all different sophistication levels of the investors. So, at the pension funds and the large endowment funds that the Harvard's et cetera, what are they doing there? They're moving towards private assets. They're moving towards owning physical real estate, private debt, private equity, infrastructure, energy, and their public components are decreasing. And that capital has allowed, and they need to source that capital. This isn't like a stock. We can't just go out and buy a bunch of private debt. We have to have a team that goes and finds these deals and, and has relationships with the developers and the project managers and then have an underwriting team that has to go through the credit and make sure that we're satisfied that all the numbers tie, and that all the environmental reports, and the appraisals, and the engineering reports, and everything else is tied down. Because again, we're lending a dollar and getting 100 cents back. We don't have upside. We don't want to have downside either. So, we have to do all of our work and then finally we have to service that mortgage. So, we need to go out and make sure we're getting in the interest payments. We're running, it's not a bank, but it is a component of what a bank does. Banks are much more diversified. Rob: Managing the risk for sure would be an important one. Cam: Absolutely. Absolutely. So, you know, we lever, we've got an independent board of directors, who have experience in various facets from legal, to accounting, to real estate, to other, we leverage their expertise. We leverage the full team at Timbercreek, across the firm. Rob: So, you know, you're preaching to the choir. Not sure if you know, but those who do follow me, either at the, at robtetrault.com or my YouTube channel, they do know that I've been preaching this exact strategy of diversifying outside of asset classes, typical stock and bond asset classes. The big thing for me is uncorrelated assets, right? If we can get an asset class that generates returns, no matter what happens in the stock market, no matter what happens in China, no matter what happens with President Trump; that to me is an uncorrelated asset class in something that should be in a portfolio. So, who do you see as kind of your ideal investors? Or is there an ideal investor? Cam: Yeah. For us it's the investors that are – what we find is that the vast majority of our investors are moms and pops who are looking to generate a particular return on their profile, on their portfolio, who don't want excess volatility of their portfolio. They've got a number in their head. Maybe the number's five, maybe the number's seven, maybe that number is nine, whatever that number of return profile. And they're using us as a more stable income source and looking elsewhere for either a top up on a capital appreciation or elsewise. But we are a MIC, a mortgage investment corp, and as a MIC we don't have to pay corporate tax – that's the positive. The negative is that in the hands of the investors, our dividends are taxed as interesting cultures. It's as if they held the mortgages themselves directly and so it makes sense inside an … Rob: RRSP, a Tax-Free Savings Account. Cam: Exactly. Anything like that where you can shield that income without having to pay tax on it. Rob: Yeah, for sure. Yeah. We'll ask you one more question about the correlation to interest rates relative to what you guys do. Is it a straight thing where interest rates go down, your yield goes down and interest rates go up and your yield goes up? Or is it more complicated than that? Cam: If there are, it is a balloon and the moment, you squeeze on one part another part bulges, then you're squeezing on that part, and another part bulges. There's a correlation on rates in terms of overall, real estate activity. So as rates are declining, real estate activity generally is increasing. Now in 2018 we saw three rate hikes, 75 basis points over the year. And yet, 2018 was a banner year for real estate activity. So, it's not necessarily directly correlated, but overall there is interest rates or in, it looks like we're back in a declining rate environment again, and you know, that generally has a positive impact on real estate. Rob: That's fantastic. All right guys. Blessed and lucky today to sit down with Cam Goodnough, the CEO of Timbercreek Financial. Really thrilled to have him here. Again, long line of quality guests that we have here. Happy to have you. Thank you for tuning in again. We appreciate it. Again, I'm Rob Tetrault from robtetrault.com, Head of the Tetrault Wealth Advisory group here at Canaccord Genuity Wealth Management. Give us a like, give us a share. Give us your comments. We'd love to hear from you. Thanks for tuning in.
In the fourth episode of Specialty Spotlight, Ziad and Christopher interview Dr. Andrea Ens, a Pediatric Endocrinologist at LHSC. A graduate of Schulich, Dr. Ens talks about her career path in Peds and Endocrinology, her experiences being a woman in Medicine, her research involvement in an up and coming field known as Social Pediatrics, and the dynamics of being in a dual-physician household.
In the first episode of Residency Reel, Ziad and Christopher interview Dr. Ahmed Hijazi, a PGY1 (1st year resident) in Family Medicine, placed in Petrolia, Ontario. A recent graduate of Schulich, Dr. Hijazi talks about his life in residency, how he got to where he is, his CaRMS journey, and even shares his experiences not matching for Urology in the first iteration.
0:00 - Intro 01:15 - What business programs did he apply to 2:10 - Why choose Canada? 4:05 - When should you start the process? 7:25 - Visa application Process 8:46 - English proficiency test requirement 9:50 - Factors considered to decide what programs 12:20 - Getting an internship/work experience 14:46 - Lifestyle in Canada 19:30 - University environment and extracurricular 21:47 - Living on residence 24:22 - Expectations vs realities of moving to Canada 31:40 - Recommendations for anyone starting the application process. __________________ In this second episode, Vinit and Arshal talk about their first-hand experiences as business students at Schulich, York University. Arshal, as an international student, talks about his application process and the factors he had to consider before deciding to move to Canada. They talk about the visa process duration and what is the right time for a student to start their research. They further discuss the ways to get a job/internship and how one can make the most of the university life in Canada. They also discuss the differences between lifestyles in India and Canada, trying to help students that are in the decision making process. If this provided you with any value, it would mean the world for us, if you shared it with others. Thank you for listening. Our platform - www.vidhvaan.com
Beth Namichchivaya, University librarian, tells us how student feedback shaped the $3.8-million renovation of the Dana Porter and Davis Centre libraries. Four incoming students win Schulich Leader Scholarships. A Waterloo and Renison professor has a major role in a project to engage K-12 students and get them thinking critically about history. And Pamela and Brandon go all Cliff Claven about the number 13 and Labour Day. Links in this episode: Schulich Leader Scholarships: https://www.schulichleaders.com HeforShe Get Free Tour: https://www.ticketfi.com/event/3350/heforshe-get-free-tour-campus-rally-presidents-lecture Thinking Historically for Canada’s Future: https://uwaterloo.ca/daily-bulletin/2019-08-20#waterloo-takes-part-in-project-that-will-change-the-way-history-is-taught-in-canada Library Revitalization Opening: https://uwaterloo.ca/library/events/library-revitalization-grand-opening Labour Day hours: https://uwaterloo.ca/daily-bulletin/2019-08-30#whats-open-and-closed-on-the-labour-day-weekend https://uwaterloo.ca/watcard/news/fall-2019-labour-day-weekend-hours https://uwaterloo.ca/the-centre/news/centre-open-labour-day https://uwaterloo.ca/off-campus-housing/news/road-closures https://uwaterloo.ca/careers/news/change-recruitment-deadlines-labour-day
It's my pleasure to introduce my guest today Music Theorist, Performer and Music Historian, Dr. Giorgio Sanguinetti! Sanguinetti teaches at the University of Rome-Tor Vergata. He gives classes and seminars in many prestigious European and American institutions, such as the Orpheus Institute in Ghent, the university of Leuven (Belgium), the Schola Cantorum Basiliensis (Switzerland), the NUI in Maynooth (Ireland), the CUNY Graduate Center (New York), Northwestern University, Indiana University at Bloomington, and the Boston University. For the winter semester 2012 he taught at the Schulich school of Music at McGill University, Montreal (CA). He was the organizer of 7th European Music Analysis Conference, Rome 2011. He has written several articles and essays on the history of Italian theory from 18th to 20th century, Schenkerian analysis, “analysis and performance, form in 18th century music” ,Opera analysis, and has worked intensively in the rediscovery of the Italian partimento tradition. In 2012 Oxford University Press published his book “The Art of Partimento: History, Theory and Practice”. Sanguinetti is also a moderator on the fast growing public Facebook Group “The Art of Partimento”. ----- 2:16 Tell me your musical background 3:08 Why did Partimento die out? 4:51 Was Fenaroli a well known name in Italy in the modern age? 5:59 So even in Italy, Partimento faded away? 7:49 Was the Paris Conservatory influenced by the Naples tradition? 8:27 Why was the Prix de Rome considered a big deal for a winning French musician? 9:05 Can we pinpoint when Partimento got replaced in the 19th century? 11:43 Are there still plenty of archival material and manuscripts left in the Naples conservatory libraries? 13:52 Are there still old masters alive in Italy who practice Partimento or is it extinct? 15:37 Do we know exactly what Naples conservatory students studied over 10 years? 17:48 Talking about free improvisation 19:41 Do we have marked exam papers in these Naples conservatories? 21:10 What was Spontini's failed exam about? 21:24 How many Naples conservatories were there? 22:09 Were all the Naples conservatories different in their approaches in learning Partimento? 23:59 Did Haydn probably get the pure Neapolitan course of study from Nicola Porpora? 24:56 How was the Bologna tradition of music education different from Naples? 26:49 What was Rameau's influence on the Neapolitan tradition? 28:47 How is the Rule of the Octave different from modern triadic harmony? 30:55 How rare are authentic realizations of Partimenti and what conclusions should we draw from them? 32:50 How was a student supposed to learn diminutions? 34:58 How is Imitation important in the Partimento tradition? 36:47 How should a child new to learning music learn Partimento from the very beginning? 40:33 Was Beethoven a subscriber to Choron's compendium of Italian treatises? 42:36 What are some common mistakes when trying to learn Partimento? 43:07 What are the 3 phases of playing Partimento? 45:13 What new things have you discovered since the release of your 2012 book “The Art of Partimento”? 48:10 How do you think people should analyze music? 50:07 Who are some great Italian composers who should be ranked alongside the great German masters like Bach and Mozart? 51:37 Talking about Vincenzo Bellini and Giuseppi Verdi 52:59 If you could reform music education, what would you do? 54:03 Upcoming projects 55:20 Wrapping Up
The Project EGG Show: Entrepreneurs Gathering for Growth | Conversations That Change The World
Purdeep Sangha is an authority on performance psychology, mindfulness, leadership, and business growth. He is also a leader in the science and art of Self-Mastery. His inspiration for The Male Entrepreneur was his father, who ironically passed away shortly before seeing Purdeep's vision come true. His father was an entrepreneur who had immigrated here from India with $11 in his pocket. He worked a minimum wage labor job for many years before starting his own business. Purdeep learned many lessons from his father. Positive attributes such as: values, being strong as a man, masculinity, and never giving up. But he also learned the challenges that came along with being a struggling entrepreneur: the feelings of guilt, not being good enough, and addictions. Seeing his father struggle and having struggled himself, Purdeep's motivation is to ensure that other male entrepreneurs have the knowledge, tools and skills to create a more profitable business and fulfilling life for them and their family. He grew up in small town in British Columbia, Canada. He started working on an orchard at the age of 9 and at 16, he was managing over 50 people. He still considers himself to be an orchard boy as his family still has an orchard growing apples and cherries. Throughout his years, Purdeep was committed to studying successful businesses and was determined to find out what made one entrepreneur more successful over another. He spent thousands of hours studying the best businesses around the world and also attended four of the top business schools in North America such as Massachusetts Institute of Technology (MIT), Stanford University, Ivey and Schulich. Prior to starting his own business, Purdeep was a successful executive at a multi-billion dollar organization and led various divisions and initiatives such as Marketing, Sales, Customer Experience, Operations, Project Management, and Innovation. Now, Purdeep dedicates his time to helping other entrepreneurs and spending time with his family. He also loves to podcast, workout, learn new things, and spend time in nature with animals. About The Project EGG Show: The Project EGG Show is a video talk show that introduces you to entrepreneurs from around the world. It is broadcast from studios in Metairie, Louisiana to online platforms including YouTube, iTunes, Google Play, Spotify and Stitcher, and hosted by Ben Gothard. Our goal is to give you a fresh, unscripted and unedited look into the lives of real entrepreneurs from around the globe. From billionaires to New York Times best selling authors to Emmy Award winners to Forbes 30 Under 30 recipients to TEDx speakers – we present their real stories – uncensored and uncut. Subscribe To The Show: https://projectegg.co/podcast/ Get Access To: 1. Resources: https://projectegg.co/resources/ 2. Financing Solutions: https://projectegg.co/epoch/ 3. Payment Solutions: https://projectegg.co/sempr/ 4. Services: https://projectegg.co/resources#services 5. Courses: https://projectegg.co/resources#courses 6. Software: https://projectegg.co/resources#software 7. Book: https://projectegg.co/resources#books --- Support this podcast: https://anchor.fm/projectegg/support
This week on Exponential, Seymour Schulich is a legend in Canada’s mining and oil and gas industries. He built his billion dollar fortune on companies like Franco Nevada, and dozens of oil patch investments. But what the 79 year old wants to talk about these days is the energy of the future – namely Nuclear Fusion.
Criminal Justice Evolution Podcast - Hosted by Patrick Fitzgibbons
Hello everyone and welcome back to the show. Special thanks to all the brave men and women who work in the criminal justice field. Thank you for what you do. You have much support. I love coffee. I am willing to bet a lot of you out there too. You are going to love the products from Four Sigmatic. From Cocoa's to Coffee, Four Sigmatic has so many different products you can choose from. I am a huge fan of Lion's Mane Mushroom Coffee. Head over to www.cjevolution.com and hit the link to this great company. In this episode Patrick welcomes Purdeep Sangha Purdeep is an authority on performance psychology, mindfulness, leadership, and business growth. He is also a leader in the science and art of Self-Mastery. His inspiration for The Male Entrepreneur was his father, who ironically passed away shortly before seeing Purdeep's vision come true. His father was an entrepreneur who had immigrated here from India with $11 in his pocket. He worked a minimum wage labor job for many years before starting his own business. Purdeep learned many lessons from his father. Positive attributes such as: values, being strong as a man, masculinity, and never giving up. But he also learned the challenges that came along with being a struggling entrepreneur: the feelings of guilt, not being good enough, and addictions. Seeing his father struggle and having struggled himself, Purdeep's motivation is to ensure that other male entrepreneurs have the knowledge, tools and skills to create a more profitable business and fulfilling life for them and their family. He grew up in small town in British Columbia, Canada. He started working on an orchard at the age of 9 and at 16, he was managing over 50 people. He still considers himself to be an orchard boy as his family still has an orchard growing apples and cherries. Throughout his years, Purdeep was committed to studying successful businesses and was determined to find out what made one entrepreneur more successful over another. He spent thousands of hours studying the best businesses around the world and also attended four of the top business schools in North America such as MIT, Stanford, Ivey and Schulich. Prior to starting his own business, Purdeep was a successful executive at a multi-billion-dollar organization and led various divisions and initiatives such as Marketing, Sales, Customer Experience, Operations, Project Management, and Innovation. Now, Purdeep dedicates his time to helping other entrepreneurs and spending time with his family. He also loves to podcast, workout, learn new things, and spend time in nature with animals. Find Purdeep here: https://purdeepsangha.com/ Stay tuned for more great guests on the CJEvolution Podcast. www.cjevolution.com Patrick
We talk about how millennials are technology-obsessed ‘digital natives’, but what will these advancements mean for the future generation of workers who are “AI natives”? Becky and Navneet talk to Navid Nathoo, of the Knowledge Society, an accelerator program for tech-savvy young people, and Marat Kristal, the soon-to-be head of Schulich’s Masters of Management in AI program. How do we support the current workforce in developing skills to keep up? And how do we prepare our young people for a future we can’t even imagine yet?
Interview with Imran Kanga, Director of Recruitment and Admissions at the University of Toronto's Rotman School of Management [Show Summary] Toronto Rotman wants to see a “spike factor” in its applicants. What is a spike factor? What’s Toronto Rotman’s spike factor(s)? How can you show a spike factor. What else does Rotman offer? What are its 3 other criteria for acceptance? All questions covered and answered in this informative podcast interview with Toronto Rotman’s MBA admissions director, Imran Kanga. Pull up a chair! All About Toronto Rotman and the Spike Factor They Seek in Applicants [Show Notes] It gives me great pleasure to have for the first time on AST Imran Kanga, Director of Recruitment & Admissions for the Full-Time MBA Program at the Rotman School of Management, at the University of Toronto. Imran attended Ridley College for his bachelors and earned his International MBA from York University’s Schulich School of Business in 2010. But he wasn’t finished at Schulich when he got his MBA. Upon graduation he became the Assistant Director of Marketing and Recruitment for the Schulich School of Business in India and managed the Schulich MBA program there. In December 2018 he became Director of Recruitment and Admission for the University of Toronto’s Rotman School. Can you give us an overview of the Rotman MBA program, focusing on its more distinctive features? [2:11] It’s a two-year, fulltime MBA. The first part is the core component, where students learn the basic business fundamentals and foundations. The second part allows students to choose from 15 concentrations, and some are quite unique to Rotman in areas like investment banking, business design, and innovation. It’s not required, but students have opportunity to specialize if they like in the second year. In terms of other unique initiatives, we have the Creative Destruction Lab, Design Works Lab, and Self Development lab that allows students to develop their leadership presence. We also have a flexible internship program. Students are required to have an internship, but can choose to do so not just in the summer, but the fall and winter are options as well. Employers like the flexibility to get students on board when they have a requirement for it, not just over the summer. In January Bloomberg Businessweek proclaimed “Canada Says, ‘Give Me Your MBAs, Your Entrepreneurs.” Not quite the Statue of Liberty, but the article points out that in three years Canada has experienced a 60% jump in international students studying in Canada. Furthermore, more than 65% of foreign-born adults in Canada in 2017 had a post-secondary degree. How does the Rotman MBA fit into this picture of Canada welcoming the talented, the educated, and yes the entrepreneurial yearning to breathe free opportunity? [6:14] Canada has come to the forefront in terms of being a preferred destination for international students, which is very much in line with the government’s goal to recruit top talent from across the world to study and then live here. Rotman has experienced tremendous growth, consistently more than 30% year over year. This allows us to be much more selective but also adds a lot of diversity to the class because applicants are coming from countries that otherwise might traditionally apply to schools in the U.S. or U.K., so it is a tremendous opportunity for us, and enriches the experience for our students. Post-graduation students can live for three years in Canada on a work permit, which is also a great incentive. Can you talk about the three labs you mentioned earlier? Can students do all three? [10:03] The Self Development Lab is a space where students can go to develop their communication skills, leadership qualities, and presentation skills. It is a very high tech space that can detect things like nervousness, anxiety, how tired you are, or even how many times you say, “uh” in a conversation.
The Empire Club of Canada Presents: The Business of Blockchain Panel with Alex Tapscott, Ana Badour, Fatema Pirone, Matthew Spoke Ana Badour co-leads McCarthy Tétrault LLP's Fintech Group. She is a partner in their Financial Services Group, a Certified Anti-Money Laundering Specialist and a Certified Bitcoin Professional. She advises financial services entities, including financial institutions and Fintech entities, on regulatory compliance matters. She holds a LLM in Banking and Financial Law from Boston University, a LLB from Osgoode Hall Law School, and a BMath (Operations Research) from the University of Waterloo. Fatema Pirone joined CIBC one of 5 largest banks in Canada in 2003; she is currently Senior Director Enterprise Innovation. In this role Fatema provides leadership in 3 key areas of driving Innovation awareness and education, quick test and learn for ideas, and champion complex innovation initiatives. Last 15 year of contributions in banking spans over variety of areas from Frontline Operations, Cards Technology, Product Management, New Business Development and Innovation. She has provided leadership in delivery and launch of numerous high scale projects and continue to pave the way to make CIBC the bank of the future. Fatema holds an eMBA from Kellogg School of Management and Schulich along with a Honour Bachelor of Arts in Psychology from York University. Matthew Spoke is the founder of Aion, a world-leading blockchain protocol designed to solve the most prevalent challenges limiting blockchains mainstream adoption: scalability, interoperability and governance. Matt serves as CEO of the Aion Foundation. Prior to his current role, Matt founded Deloitte's first blockchain team, Rubix. Matt is an active and founding board member of the Enterprise Ethereum Alliance and a founding director of the Blockchain Technology Coalition of Canada. Since the earliest days of blockchain, Matt has been a leading advocate for the potential social benefits of decentralized technologies and is working actively to establish fair and responsible rules and principles for the future governance of this important new industry. Matt believes blockchain is a revolutionary technology that has the potential to solve some of the world's greatest online challenges. Alex Tapscott is a globally-recognized writer, speaker, investor and advisor focused on the impact of emerging technologies, such as blockchain and cryptocurrencies, on business, society and government. He is the co-author (with Don Tapscott) of the critically acclaimed non-fiction best-seller, Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies is Changing the World, which has been translated into more than 15 languages... Panelists: Ana Badour, Co-leader, McCarthy Tétrault LLP's Fintech Group Fatema Pirone, Senior Director Enterprise Innovation, CIBC Matthew Spoke, CEO, Aion Foundation Alex Tapscott, Co-Founder, Blockchain Research Institute; Co-author, Blockchain Revolution: How the Technology Behind Bitcoin and and Other Cryptocurrencies Is Changing the World *The content presented is free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.* *Views and Opinions Expressed Disclaimer: The views and opinions expressed by the speakers or panelists are those of the speakers or panelists and do not necessarily reflect or represent the official views and opinions, policy or position held by The Empire Club of Canada.*
Imran Kanga, Assistant Director of Recruitment and Admissions, Schulich School of Business, discusses what makes the Schulich MBA unique, the school's admissions process, career opportunities and more. Program Highlights (5:13) | Admissions (22:00) | Scholarships (34:30) | Careers (37:25) About Our Guest Imran Kanga is the Assistant Director of Recruitment and Admissions, Schulich School of Business at York University, where he manages global recruitment for Schulich's Full-time MBA and International MBA. Imran joined Schulich's admissions team after getting his International MBA from Schulich in 2010. Episode summary, show notes and more at: http://touchmba.com/york-schulich-mba-program-admissions-interview-imran-kanga
Imran Kanga, Assistant Director of Recruitment and Admissions, Schulich School of Business, discusses what makes the Schulich MBA unique, the school's admissions process, career opportunities and more. Program Highlights (5:13) | Admissions (22:00) | Scholarships (34:30) | Careers (37:25) About Our Guest Imran Kanga is the Assistant Director of Recruitment and Admissions, Schulich School of Business at York University, where he manages global recruitment for Schulich's Full-time MBA and International MBA. Imran joined Schulich's admissions team after getting his International MBA from Schulich in 2010. Episode summary, show notes and more at: http://touchmba.com/york-schulich-mba-program-admissions-interview-imran-kanga
Our guest today is Aaron Ward. Aaron holds a law degree from Dalhousie’s Schulich school of law, sits on the board of the Ecology Action Centre, and also sat on the board of directors of the East Coast Environmental Law Association until 2015, after which he took on a staff role. The East Coast Environmental Law Association, or ECELAW, is Atlantic Canada’s only environmental law charity, established in 2007 as a non-profit organization. ECELAW responds to community inquiries, carries out legal and policy research and presents educational resources and opportunities to increase public awareness of environmental laws in Atlantic Canada. Aaron has been working with ECELAW on many things, but most relevant to us today, including an environmental bill of rights.
Description: The old ways of leading don't work in today's business culture. Tune into this webinar and learn new leadership skills based on motivation and passion. Explore new progressive and actionable approaches to leading and influencing others. Learn the limitations on some of the traditional approaches associated with success today, and how the future lies in effective leadership approaches that are centered on advanced personal and interpersonal communication tools.About Stephen Friedman:Stephen Friedman is a recognized executive coach, career coach, facilitator and trainer, working in the areas of leadership and management skills development, group and team development, organizational learning and human resource management. His experience spans more than 20 years. Friedman is on the Faculty at the Schulich School of Business at York University where he teaches Organizational Behavior, Human Resource Management and Leadership at both the BBA and MBA levels. He also teaches custom seminars in group development and leadership/management skills for Schulich's Executive Education Centre.Contact:http://www.stephenfriedman.ca/stephenabout
Description: The old ways of leading don’t work in today’s business culture. Tune into this webinar and learn new leadership skills based on motivation and passion. Explore new progressive and actionable approaches to leading and influencing others. Learn the limitations on some of the traditional approaches associated with success today, and how the future lies in effective leadership approaches that are centered on advanced personal and interpersonal communication tools. About Stephen Friedman: Stephen Friedman is a recognized executive coach, career coach, facilitator and trainer, working in the areas of leadership and management skills development, group and team development, organizational learning and human resource management. His experience spans more than 20 years. Friedman is on the Faculty at the Schulich School of Business at York University where he teaches Organizational Behavior, Human Resource Management and Leadership at both the BBA and MBA levels. He also teaches custom seminars in group development and leadership/management skills for Schulich’s Executive Education Centre. Contact: http://www.stephenfriedman.ca/stephenabout
Mr. Praveen Muruganandan, Director of Admissions and Recruitment at Schulich School of Business, joined the show to share more about the Schulich MBA, located in Toronto, Canada. We had a revealing chat about Schulich's unique points and what the school is looking for during the admissions process. Interesting things I learned about the Schulich MBA: The Schulich MBA is flexible and customizable. Students can start in January or September, and finish in 16 or 20 months. Students can choose from over 150 electives and 19 specializations. Most grads end up working in Finance, Marketing and Strategy. The Strategy Field Study is the capstone of Schulich MBA experience; groups of 7-8 students help an organization with its strategy over 6-7 months. Schulich also has an International MBA (IMBA) program, which requires students to work abroad and to speak 2 languages. There are 30-40 students per cohort. Toronto is the 4th biggest city in North America and 45% of its residents are international. Graduates from Schulich get a 3-year postgraduate work permit. It typically takes around 2 years to get permanent residence in Canada. Attending a top Canadian b-school would be a great transition to working and living in North America.[/ulist] The Schulich MBA in 3 words: global, innovative, diverse. Darren's take: if you're looking for a comprehensive and top-tier global program in Toronto, the financial center of Canada, you should consider the Schulich MBA.
Mr. Praveen Muruganandan, Director of Admissions and Recruitment at Schulich School of Business, joined the show to share more about the Schulich MBA, located in Toronto, Canada. We had a revealing chat about Schulich's unique points and what the school is looking for during the admissions process. Interesting things I learned about the Schulich MBA: The Schulich MBA is flexible and customizable. Students can start in January or September, and finish in 16 or 20 months. Students can choose from over 150 electives and 19 specializations. Most grads end up working in Finance, Marketing and Strategy. The Strategy Field Study is the capstone of Schulich MBA experience; groups of 7-8 students help an organization with its strategy over 6-7 months. Schulich also has an International MBA (IMBA) program, which requires students to work abroad and to speak 2 languages. There are 30-40 students per cohort. Toronto is the 4th biggest city in North America and 45% of its residents are international. Graduates from Schulich get a 3-year postgraduate work permit. It typically takes around 2 years to get permanent residence in Canada. Attending a top Canadian b-school would be a great transition to working and living in North America.[/ulist] The Schulich MBA in 3 words: global, innovative, diverse. Darren's take: if you're looking for a comprehensive and top-tier global program in Toronto, the financial center of Canada, you should consider the Schulich MBA.
Hansel et Gretel s’agit d'un opéra s'adressant tout particulièrement aux enfants. Alors, l'École de musique Schulich de McGill a eu l'idée de recruter des enfants de quatre écoles primaires de Montréal comme collaborateurs à sa récente production.
Hansel et Gretel s’agit d'un opéra s'adressant tout particulièrement aux enfants. Alors, l'École de musique Schulich de McGill a eu l'idée de recruter des enfants de quatre écoles primaires de Montréal comme collaborateurs à sa récente production.
He's a self-made billionaire and one of Canada's greatest philanthropists - Seymour Schulich. Now, at the age of sixty-seven, he distills a lifetime of experience in his new book. It's called "Get Smarter: Life and Business Lessons".