John Cleghorn to receive Conference Board's highest honour

    TORONTO, Nov. 2 /CNW Telbec/ - In recognition of his distinguished
career, John E. Cleghorn, O.C., F.C.A., Chairman of the Board, Canadian
Pacific Railway and former Chairman and Chief Executive Officer of the Royal
Bank of Canada, will receive the 2007 Honorary Associate Award on Monday
evening, Nov. 5.
    "John is one of Canada's most respected corporate leaders and is admired
for both his business acumen and his deep sense of corporate social
responsibility," said Anne Golden, President and CEO of the Conference Board.
"The many public distinctions he has earned are matched by his personal
generosity, sincerity, integrity and concern for the community."
    The Honorary Associate Award is the Conference Board's highest honour,
presented annually to a person who has served Canada and their organization
with distinction during an outstanding career.
    Mr. Cleghorn, a graduate of McGill University, became a chartered
accountant in 1964. He joined Royal Bank of Canada in 1974 and assumed a
series of senior positions before becoming Chairman and Chief Executive
Officer in 1995, a position he held until his retirement in 2001.
    Mr. Cleghorn has been Chairman of the Board of Canadian Pacific Railway
since 2006, after joining the board in 2001. He also serves as a Director of
Molson Coors Brewing Company. He was Chairman of the Board of SNC-Lavalin
Group Inc. from 2002 until he retired in 2007. He is also a long-standing
supporter of both McGill University and Wilfrid Laurier University (including
Chancellor Emeritus at the latter). He is a member of several community and
historical organizations. He was a member of the Conference Board's board of
directors from 1994 to 2001, and served as Chair of the Board between 1998 and
    Mr. Cleghorn is an Officer of the Order of Canada, a fellow of the
Institute of Chartered Accountants of Ontario and a fellow of the Order of
Chartered Accountants of Quebec. He holds honorary degrees from Acadia,
Bishop's, McGill and Wilfrid Laurier universities.

    WHAT:    2007 Honorary Associate Award
    WHO:     John Cleghorn's keynote address will be introduced by Jacques
             Lamarre, President and Chief Executive Officer, SNC-Lavalin
             Group Inc. and 2006 Honorary Associate
    WHERE:   Monday, November 5, 2007, The Fairmont Royal York, Toronto
    WHEN:    Dinner at 6:45 p.m., 2007 Honorary Associate Award presentation
             after 8 p.m.

For further information:

For further information: Yvonne Squires, Marketing and Communications
Coordinator, The Conference Board of Canada, (613) 526-3090 ext. 221,

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