MONTREAL, QUEBEC--(Marketwire - May 18, 2011) -
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The Institute for Governance of Private and Public Organizations today highlighted the exceptional contribution made by portfolio manager Mr. Stephen Jarislowsly in his role as portfolio manager in Canada. The Institute's chairman, Mr. Yvan Allaire, presented the founder of Jarislowsky Fraser Limited with an artistic souvenir work in recognition of his exceptional performance.
Mr. Jarislowsky was introduced by Mr. Michel Nadeau, the IGPPO's general manager, who during his more than 20 years in senior management at the Caisse de Dépôt et de Placements, worked in tandem with Mr. Jarislowsky to promote governance issues. Mr. Nadeau recalled numerous souvenirs of their combined efforts to improve governance practices in certain businesses. Mr. Claude Lamoureux, the former president and CEO of the Ontario Teachers Pension Plan, noted Mr. Jarislowsky's strong convictions in the matter and commented that his book The Investment Zoo: Taming the Bulls and the Bears, which was published in 2005, remains relevant even today.
Mr. Jarislowsky addressed his remarks in particular to members of the IGPPO's Young Directors Committee, noting the importance of knowing the members of a company's upper management well before investing in it, or before joining its board of directors.
Established in September 2005, the Institute for Governance of Private and Public Organizations (IGPPO) is a joint initiative of HEC Montréal and Concordia University (The John Molson School of Business). The Institute is committed to promoting strong corporate governance practices among organizations in Quebec and the rest of Canada. Its operations focus primarily on key management activities, namely defining the corporate mission, evaluating strategic management and financial performance, recruiting and compensating officers and managing risk. It achieves this primarily through research, training, the issuance of position papers and the dissemination of information. The Institute commissions academic research, organizes conferences and training seminars, takes part in public debates on governance issues, reinforces governance-related skills and promotes partnership and knowledge transfer.
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