Professor Steve Fortin, CPA, CA has been named to the Financial Reporting Accounting Standards Board (AcSB). The AcSB is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. The AcSB serves the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards.
Congratulations to Desautels undergraduate students: Evan Coulter, Valentyn Litvin, Meagan Prins, and Marina Simonian who won the top prize at the prestigious PRMIA International Risk Management Challenge- marking a second consecutive victory for the Faculty at this competition.
Next winter, Whistler Blackcomb and Canadian Wilderness Adventures will become some of the first companies to offer electric snowmobiles to clients. The machines are made by Quebec-based Taiga Motors, which built on its first-place finish in the 2016 McGill Dobson Cup’s Innovation Track to expand its technology and develop a revolutionary all-electric snowmobile from the ground up.
Montreal-based Lantinga Vita is all about merging functionality, a chic design and sustainability. The company’s Tempus bag is an Italian-made, multi-functional bag that boasts a compartment for a 15” laptop and a thermal pocket for food. The company’s founder and CEO, Nina Lantinga, recently spoke with The Dobson Chronicles about the entrepreneurial life, growing her business and winning the Grit Prize at the McGill Dobson Cup 2014.
Startup Saccade Analytics was the first place winner of the 2017 McGill Dobson Cup Health Sciences Track. The team’s pitch involved analyzing eye and head movement to help diagnose neural diseases. The team sat down with the Dobson Chronicles to talk about what made them dive into the entrepreneurial life, and eye-head movement as an indicator of disease — including, but not limited to, concussion. The team’s work builds on a foundation laid by team member Professor Mimi Galiana, who is a pioneer in the field.
Desautels Associate Professor Karl Moore appeared on an April 7th Breakfast Television panel to address the question of whether or not Bombardier is too big to fail. Professor Moore stated that, in some ways, this is definitely true, just because of the role it plays in the Canadian economy and the fact that it is “Canada’s greatest global competitor, in terms of size and in terms of where the exports go.”
Now in its fourth edition, Corporate Knights’ Future 40 ranking is a yearly roundup of companies and organizations that are transitioning towards a low-carbon future. The list heavily reflects Ontario-based companies and utilities, but there is also a lot of representation from Canada’s mining sector and medium-sized oil and gas producers, all of which are pivoting towards greater sustainability in their production processes.
“I’m not looking at fashion through a Canadian lens, or even a Western lens, but a global lens,” says Imran Amed (BCom'97). Indeed, he doesn’t even look at it through the eyes of someone who grew up steeped in fashion. Mr. Amed started Business of Fashion as a personal blog while he was working as a management consultant with zero fashion training. Today, his London-based site is the go-to source for news-hungry glitterati.
A joint McGill-Concordia effort has won a $50,000 federal grant to bring its innovative row-house design to the International Solar Decathlon in China next year. TeamMTL’s design takes aim at the growing affordable-urban-housing crisis, successfully marrying energy efficiency and sustainability with comfort and affordability.
Desautels Professor Ken Lester was interviewed on BNN about the commodification of marijuana post-legalization. He discussed product choice, the question of how branding might be constrained by the impending legislation, and the tricky taxation line that the governments will have to trace in order to not send consumers back to the black market.
In an interview on Fox Business Network, Aspire CEO Mohammed Ashour (MBA'14) makes the case for eating bugs as a way to meet the world’s growing protein requirements. His company, the Aspire Group, runs a cricket farm in Texas and a palm weevil larvae operation in Ghana, both aimed at creating a sustainable insect-based food industry. Mr. Ashour says that both insects are “extremely nutritious, and have a high amount of protein, iron and other micro-nutrients; and utilize an extraordinarily low amount of resources to produce.”
Dr. Anoop Kumar (IMHL’15) has published a new book, Michelanglo’s Medicine: how redefining the human body will transform health and healthcare. The book offers a refreshing look at the human body not just as a bunch of organs, but rather as “a masterpiece, waiting to be discovered.” Dr. Kumar proposes a new approach based on his experiences as an ER doctor, as well as the eastern philosophies he grew up with.
West Vancouver-based PNG Gold has announced the appointment of Wesley Marstaller (BCom'05) as Executive Vice President of the corporation. Before coming on board at PNG Gold, Mr. Marstaller served in several capacities at the Macquarie Group, then as COO of the Rennie Group. PNG Gold CEO Greg Clarkes praises Mr. Marstaller, saying that his expertise will help with “building the management group necessary to achieve the Company’s near and long term goals.”
PNG Gold is a mining company specialized in gold exploration in Papua New Guinea.
Bombardier’s recent executive pay raises have caused heavy public criticism in the face of recent cash injections from the federal and Quebec governments. In an interview on BNN, Desautels Professor Karl Moore states that some of the outrage is misguided, since so many of the execs joined Bombardier partway through the year, which skews the numbers.
A recent Forbes book review delves into James Rickards’ The Road to Ruin: The Global Elites’ Secret Plan For The Next Financial Crisis, which makes the case that there is a big-ticket financial collapse coming, one that dwarfs the 2008 recession. Rickards lays much of the blame on macroeconomics, drawing a parallel between it and astrology.