WATERLOO, ON, Jan. 22, 2015 /CNW/ - Today, Wilfrid Laurier University announced that The Co-operators has made a $100,000 donation to the School of Business and Economics. The national insurance and financial services co-operative provided the gift as a way of supporting the study of alternative governance models. Students, faculty, staff, alumni and special guests—including Bruce West, MBA '05, Executive Vice-President, Finance and Chief Financial Officer at The Co-operators—joined in the celebration.
The donation from The Co-operators is part of Laurier's Building Canada's Best Business School fundraising campaign. This campaign aims to raise $55 million to support professorships, student scholarships, faculty research, new programs and construction of the Global Innovation Exchange (GIE), which will house both the School of Business & Economics and Laurier's Department of Mathematics. The gift from The Co-operators will directly support the P&G Centre for Business & Sustainability, providing financial backing for course development and student experiences surrounding BCorps and co-operatives.
"Alternative governance models are gaining momentum in Canada and abroad," said West. "They represent a shift from a primary focus on building shareholder value, to a core mission of value creation for a broad set of stakeholders."
"Laurier's campaign to Build Canada's Best Business School is about taking a new approach to business education," said Micheál Kelly, Dean of Laurier's School of Business & Economics. "Our new building will be home to new programs, cutting-edge research and more resources for students. Through our donors' support, including today's gift from The Co-operators, Laurier will be home to innovative programs that will redefine business education in Canada."
"We are excited at the prospect of working with Wilfrid Laurier University," West continued. "From here emerge engaged and passionate leaders. Laurier is an important source of talent and creativity for The Co-operators."
Today's gift builds on other donations that The Co-operators have made to Laurier, including their support of a research Chair in Insurance—one of only two such chairs in English Canada. The Co-operators also are dedicated supporters of students, hiring both co-op students and 42 Laurier alumni.
About The Co-operators:
The Co-operators Group Limited is a Canadian-owned co-operative with more than $37 billion in assets under administration. Through its group of companies it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights' Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean's magazine. For more information visit www.cooperators.ca.
SOURCE The Co-operators
For further information: Julia Thomson, Wilfrid Laurier University, 519-884-0710 ext. 4479 or firstname.lastname@example.org; Kevin Crowley, Wilfrid Laurier University, 519-884-0710 ext. 3070 or email@example.com; Leonard Sharman, The Co-operators, 519-767-3937 or firstname.lastname@example.org