TORONTO, November 2, 2000 -- David Beatty, C.F.A., O.B.E., professor of strategic management, has been appointed executive director of the Clarkson Centre for Business Ethics at the University of Toronto's Joseph L. Rotman School of Management.

"In today's rapidly globalizing business environment there are intense and growing pressures on corporations to produce top tier shareholder returns while dealing with all the other stakeholders in a responsible and effective manner, " says Roger L. Martin, dean of the Rotman School. "At the board of directors level conflicts abound and yet an effective board is essential to the success of a modern corporation. We are delighted to have David take on a new role in the Rotman School to help lead debate on the ways in which boards can govern in these turbulent times."

"David's contributions to business as an operating executive, board member and board chair, combined with his extensive experience in the public and non-profit sectors give him a unique perspective on the increasingly complex relationships between the leadership of successful corporations and the demands of society at large," adds Martin.

Prof. Beatty has taught at the University of Toronto since 1995. He is also chair of Selwyn Mines Limited, a copper and gold mining firm, based in Sydney Australia and a director of a number of Canadian public companies including the Bank of Montreal, (where he serves as chair of the Risk Review Committee and as a member of the Governance and Executive Committees), Cambridge Shopping Centres, and Goldcorp, among others. Over his career he has been on 26 boards and has chaired five companies.

In the international arena, Prof. Beatty was founding chair of Orogen Minerals, a $500 million mineral resource company owned 51 per cent by the government of Papua New Guinea, and until recently, he was on the board of Bancomer, in Mexico City. Early in his career he worked in the governments of both Tanzania and Papua New Guinea.

In the social sector, he is the vice-chair of The Peter F. Drucker Foundation in New York and chairs its work in Canada seeking to find and celebrate innovation in community-based programs. He is the immediate past chair of Upper Canada College and serves as a trustee of the Gardiner Museum of Ceramic Art and the Art Gallery of Ontario.

As an operating executive, David was president of Weston Foods, a division of George Weston Limited, from 1985 to 1994, and president of Garbell Holdings from 1980 until 1985. He has also worked as a management consultant for McKinsey & Co and The Canada Consulting Group (now Boston Consulting Group.)

The Clarkson Centre for Business Ethics was founded in 1988 by the late Professor Emeritus Max Clarkson, a former dean of the Rotman School. Its mandate is threefold: to foster the development of research in business ethics and corporate social performance; to facilitate the application of such research in the classroom; and to contribute to the improvement of the management and governance practices of the private, public, and not-for-profit sectors.

Recently ranked by Business Week in the top tier of business schools in the world, the University of Toronto's Rotman School offers leading-edge research and undergraduate and graduate degree programs, including the prestigious Rotman MBA, the newly redesigned Part-Time MBA, the Executive MBA, a first-rate Doctoral Program, the distinctive Master of Management & Professional Accounting program, combined programs with the University of Toronto faculties of Law, Engineering and Nursing, and an innovative series of Executive Programs tailored to the current needs of businesses and individual managers.

Ken McGuffin
Media Relations Officer
Rotman School of Management
Voice: (416) 946-3818
Fax: (416) 978-1373
E-mail: mcguffin@rotman.utoronto.ca

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