A SPECIAL INFORMATION SUPPLEMENT - The Globe …v1.theglobeandmail.com/partners/free/sr/deloitte08/... · · 2008-10-30our largest businesses, serving thousands ... of Cirque du

A SPECIAL INFORMATION SUPPLEMENT

In 1858, nearly a decade before thecreation of the Dominion of Canada, ayoung Scottish immigrant named Philip S.Ross gave up a secure position as aMontreal ship’s chandler to found hisown accounting firm. When Ross wasposthumously inducted into the CanadianBusiness Hall of Fame, the citationdescribed him as “one of the Fathers of Accounting in North America.”

One hundred and fifty years later, the firm he began – Deloitte Canada –has become not only Canada’s largestprofessional services firm, but also one ofour largest businesses, serving thousandsof clients through a network of morethan 55 offices and 7,600 people.

How did the original enterprisebecome one of Canada’s importantservice providers? Through a commit-ment to client service, delivered byprofessionally competent people whocare about their clients’ welfare.

But growing from one person tomore than 7,600 was not achieved bysimply recruiting and retaining goodpeople. It was done by reaching out inwhat was originally a field of hundreds ofsmall professional firms. Over the years, anumber of mergers permitted the firm toserve its clients better with a wider rangeof offerings.

One of the largest of the mergersoccurred in the late 1950s when P.S. Ross& Sons combined with George A. Touche.In 1990, Touche Ross joined forces withDeloitte Haskins & Sells Samson Bélair,and has since operated as SamsonBélair/Deloitte & Touche in Quebec andDeloitte & Touche elsewhere in Canada.

Through the years and through themergers, the focus has always been onclients – on major Canadian corporationssuch as Sun Life, the Royal Bank, thePotash Corporation of Saskatchewan, Bell,the Irving Companies, and on thousandsand thousands of entrepreneurs.

Some of these entrepreneurs becameworld famous, like Guy Laliberté, founderof Cirque du Soleil. Others simplycontributed to their local community byproviding goods and services.

For 150 years, the firm that hasbecome Deloitte has served clients well byrecruiting and retaining people who careabout their clients’ success. This is whyDeloitte consistently strives to be one ofCanada’s top rated employers – and whyit will continue to succeed in serving itsdiverse client base.

Joe Martin is a former leader of Deloitte’s

international Consulting practice. His upcoming

book titled “Relentless Change: Capitalism in

Canada from the Mid 19th to 21st Century” will

be jointly published by the University of Toronto

Press and the Rotman School of Management.

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By Professor Joe Martin F.C.M.C., LD.D. (Honoris Causa)

Executive in Residence and Director of

Canadian Business History, the Rotman School

of Management, University of Toronto

In the history of Deloitte, accountingplays a central, but not an exclusive role.Over the past 150 years, the focus hasshifted from basic record keeping tosophisticated financial reporting. Thehistory of Deloitte not only records thedevelopment of accounting in Canada,it is also a study in the evolution ofprofessional services – from the dayswhen bookkeepers in “public practice”focused mainly on estates, trusts andliquidations, to the diverse serviceofferings of today in which auditors, tax specialists, management consultantsand financial advisors routinely assistorganizations in addressing a widerange of financial, operational,regulatory and other matters.

Philip S. Ross, Deloitte’s earliestfounder, was quite an innovator. Hemade improvements to his operationsand built his business by identifying theneeds of his clients and earning theirtrust. As he developed new servicesand methodologies to help his clients and his firm succeed, Ross set thestage for the emerging accountingprofession – and for the future ofprofessional services in Canada.

Many other professional servicespioneers set the stage for the Deloitteof today. In the early years of the 20thcentury, the firms started by WilliamWelch Deloitte and George A. Touchein the UK had established offices inCanada. In 1909, J. Arthur LaRuefounded the first public accountingoffice in Quebec City, and the firstFrench-Canadian practice in the

province. His firm served a prestigiousclientele and eventually became theSamson Bélair firm, which after a latermerger became Samson Bélair/Deloitte& Touche in Quebec.

Through 150 years of history –Canada’s birth as a nation, two worldwars interspersed with a depression,the baby boom and the age oftechnology, the firm that has becometoday’s Deloitte has prided itself onanticipating the needs of clients andmeeting those needs with innovativeservices delivered with relentlesspragmatism.

These days, a contemporaryDeloitte continually looks around the corner for its clients, helping themstay competitive in the current businessenvironment, while adapting toemerging market trends andexpectations such as CorporateResponsibility, International FinancialReporting Standards and ComputerForensics.

As a leading professional servicesfirm, Deloitte’s broad range of fullyintegrated services span accounting,assurance and advisory, tax, riskmanagement, business, financial and human capital consulting.

Today, Deloitte’s integratedapproach combines insight andinnovation from multiple disciplineswith business and industry knowledgeto help clients excel anywhere in the world.

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From top: William Welch DeloitteGeorge A. Touche Maurice Samson Lucien Plessis-Bélair

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Corporate Responsibility & SustainabilityChanging societal expectations andrising shareholder activism are putting an ever-increasing onus on companies to improve their social, environmentaland financial performance. Today, smartcompanies consider it part of theircorporate responsibility to help mitigaterisk and sharpen their competitive edge.Drawing from science, engineering,business, accounting, regulatory policyand other backgrounds, Deloitte’scorporate responsibility and sustainabilityteam helps clients better respond toissues of sustainable development andintegrate them into core businessstrategies.

Transfer Pricing, R&D Tax and Strategic Tax Reviews Tax planning is critical to everycompany's operations. Deloitte is knownfor award-winning services in specializedareas such as Transfer Pricing, ofparticular importance to companies withinternational operations. Deloitte’s othertax services include the Strategic TaxReview, which quickly identifies high-value tax savings opportunities, and R&DTax services, where practitioners “fluent”in engineering and tax identify anddocument new technologies, products orprocesses eligible for sizable tax credits.

International Financial ReportingStandards (IFRS) Beginning on January 1, 2011, profit-oriented publicly accountable entities willbe required to prepare financialstatements according to InternationalFinancial Reporting Standards (IFRS).Deloitte’s IFRS services are dedicated tohelping clients implement the newstandards and address the related issuesof risk, education and controls efficientlyand thoroughly.

Forensic and Dispute ServicesFraud, conflicts of interest, corporatecode-of-conduct violations, regulatorynon-compliance and other businessmisdemeanors are unfortunate realitiesthat can negatively affect earnings anddrain productivity and company morale.Deloitte’s team of forensic and disputeprofessionals provide services from assettracing and recovery and computerforensics to fraud and money launderinginvestigations.

Human Capital Canada’s growing shortage of labourand talent and other people-relatedissues will have a big impact on businessstrategies. With labour and talent inshort supply, companies need to carefullyplot their long-term moves. Deloittespecialists help their clients achieveexceptional business performance byproviding change, learning, totalrewards, performance management andhuman resources service deliverysolutions in virtually all aspects of peoplemanagement and organizationaleffectiveness.

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aÉäçáííÉ=çÑÑÉêë=ÅäáÉåíë~=Äêç~Ç=ê~åÖÉ=çÑ=ÑìääóáåíÉÖê~íÉÇ=ëÉêîáÅÉë=áå=íÜÉ=~êÉ~ë=çÑ=~ìÇáíIí~ñI=ÅçåëìäíáåÖI=êáëâã~å~ÖÉãÉåí=~åÇÑáå~åÅá~ä=~ÇîáëçêóKtáíÜ=~å=ÉóÉ=çåÜÉäéáåÖ=áíë=ÅäáÉåíëáãéêçîÉ=íÜÉáêÅçãéÉíáíáîÉåÉëëIaÉäçáííÉ=Åçåíáåì~ääóÇÉîÉäçéë=ãìäíáJÇáëÅáéäáå~êó=ëÉêîáÅÉëíÜ~í=~åíáÅáé~íÉÅÜ~åÖÉë=íç=íÜÉÄìëáåÉëë=ÉåîáêçåãÉåíK

Deloitte practitioners provide industryexpertise through some of the firm’smost experienced partners, whooversee an ongoing training andknowledge sharing program to ensurethat their teams have access to thelatest information, research andauthoritative points of view.Collaboration with Deloitte teamsaround the world allows them to deliver industry-relevantrecommendations for Canadiancompanies that are backed by bothlocal and global expertise.

Deloitte’s areas of focus for theirclients today include the well-documented and profound challengesfacing financial services organizations. For consumer business, they advise onhow to deal with currency volatility andinflationary pressures on selling prices, aswell as the issues arising from conversionto IFRS (International Financial ReportingStandards).

With Canada centre stage in theenergy and resources sector, Deloittehelps organizations deal with wildlyfluctuating commodity and base metalprices, the future of electricityderegulation, and rapidly emergingenvironmental concerns like the safetyof our water supply. Manufacturingclients in the automotive, forestry andpaper, general manufacturing and

industrial products, life science andprocess sectors are provided withtailored solutions for proactivelydealing with currency issues tomanaging new channels, markets,customer segments and products.

Public sector organizations areconfronted by demands for improvedstewardship, increased stakeholderinvolvement and pressure to deliverhigh-quality results. Deloitte’s publicsector specialists offer practicalsolutions on everything from modelsfor improved collaboration andfinancial management to educationand training for boards and auditcommittees. Technology, media andtelecommunications clients are advisedon issues including new media andtechnology adoption as well as thelaws and policies that restrict mergersand cross-media ownership, foreigninvestment, content and competitionfrom abroad.

The real estate sector is oftenconsidered a safe haven for investors in the context of economic uncertaintyand volatility in the capital markets.Deloitte pioneered the establishment of the REIT vehicle in the Canadianindustry, and works with clients tomanage compliance with new rules as well as environmental regulations.

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Growing rapidly and consistently through innovation is the hallmark of a Technology Fast 50 winner. Canada’s pre-eminent program for the industry now includes a Green Technology award category to honour companies creating important and economically viable intellectual property in the burgeoning field of green technology.

Gold Silver Bronze Community

Special thanks to our sponsors

Canadian. Growth. Innovation.

Learn more at www.fast50.ca

In the course of their daily work across the various industries and sectors,Deloitte’s professionals engage with some of Canada’s best businesses andbusiness people. To help bring recognitionto deserving people and enterprises across Canada and foster continuingCanadian business success, Deloittesponsors or co-sponsors a wide variety of programs that recognize theachievements of these outstandingorganizations and individuals.

Canada’s 50 Best ManagedCompanies has, for 16 years, recognizedthe commitment and strategic businessexecution that Canada’s most stalwartenterprises employ to overcome obstaclesand prosper – outperforming theircompetitors, creating jobs and generatingstakeholder value. Canada’s 50 Best

Managed Companies enables others tolearn from these award-winning practices,and raises the bar for Canadian success.Deloitte’s co-sponsors in the annual 50Best M anaged Companies program –which encompasses a comprehensiveapplication and mentoring process – areCIBC, National Post and Queen’s Schoolof Business.

Canada’s Top 40 Under 40™ is anational program founded and managedby The Caldwell Partners with Deloitte asa sponsor. This program honoursCanadians who have reached a significantlevel of success before the age of 40.Designed to promote mentorship andprofessional development by introducingthese leaders to the established businesscommunity, Top 40 Under 40 alsopromotes the winners as role models for

young Canadians. Canada’s Top 40 Under40’s independent National Advisory Boardis composed of industry and communityleaders from across the country whovolunteer their time to the program. Inchoosing the recipients, the boardconsiders the nominees’ achievements interms of vision and leadership, innovationand achievement, impact, communityinvolvement and contribution, and theirpersonal strategies for growth anddevelopment.

Canada’s Outstanding CEO of the Year™ was introduced by TheCaldwell Partners in 1990 to identify andrecognize outstanding achievement by aCanadian Chief Executive Officer.Candidates must have demonstratedvision and leadership, strong corporateperformance, global competitiveness,

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innovative business achievements and socialresponsibility. Partners in this program areDeloitte, CTV and National Post. To fosterexcellence in future leaders, Canada’sOutstanding CEO of the Year programestablished the annual “Futures Fund Scholarship for Outstanding Leadership.” Every year, 10 university students are honouredand mentored for exemplary leadership in bothacademic and extracurricular initiatives.

The Deloitte Technology Fast 50™, Canada’spre-eminent technology awards program, is aranking of the country’s 50 fastest growingtechnology companies. Deloitte launched theprogram over a decade ago to celebrate theworld-class achievements of the Canadiantechnology sector. The awards are a sought-aftermark of excellence for Canadian-owned andmanaged technology companies, and rank thecountry’s 50 fastest growing technologycompanies based on percentage revenue growthover five years. In addition to the overall rankingof the top tech companies by growth, theprogram includes the Companies-to-WatchAwards, the Technology Fast 50 LeadershipAwards, and the Deloitte Technology Green 15Awards, which recognize companies creatinginnovative, important and economically viableintellectual property in the burgeoning field ofgreen technology.

The IPAC/Deloitte Public Sector LeadershipAwards were created by the Institute of PublicAdministrators of Canada (IPAC) and Deloitte toencourage and recognize those public sectororganizations whose leaders have demonstratedvision, commitment and capacity to set a newcourse. The program profiles individuals and/orteams who have dared to take their organizationsin a new direction to achieve better outcomes.The winning projects reflect the importance ofinnovation, strategic thinking, trust and teambuilding, sharing vision, and effectivecollaboration and partnerships to improveCanada through advancements in public policyand management. These awards bring togethersenior leaders from across the country at all levelsof government as well as the broader publicsector to learn from each other, build networks,inspire and be inspired.


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1858 Philip S. Ross opens anaccountancy firm in Montreal.

1911 Deloitte opens its firstCanadian office in Montreal; aVancouver office is opened laterthat year.

George A. Touche & Co.Canada is established.

J. Arthur LaRue and EugèneTrudel found the first publicaccounting office in QuebecCity and the first French-Canadian practice in theprovince. Lucien Bélair is anearly and distinguished partner.

1932 LaRue & Trudel partnerswith P.S. Ross & Sons todevelop a sales tax collectionsystem for the city of Montreal.

1870s Sun Mutual LifeInsurance Company of Montrealis one of Philip Ross’s earliestclients.

1882 The Bell TelephoneCompany of Canada hires Philip Ross to prepare its firstaudited annual report.

1899 George A. Touchefounds an accounting firm in London, England.

1925 Deloitte, Plender &Griffiths & Co. and Haskins &Sells merge.

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1890 The first internationalDeloitte office opens in New York.

1929 Maurice Samson’sindependent Quebec Citypractice merges with LaRue& Trudel.

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1940s The number ofwomen employed at theaccounting firms grows as theytake the place of men inuniform.

1958 George A. Touche &Co. and P.S. Ross & Sons mergeto form Touche Ross.

1971 Deloitte Plender Haskins& Sells is renamed DeloitteHaskins & Sells.

1990 Touche Ross mergeswith Deloitte Haskins & SellsSamson Bélair.

The firm operates as SamsonBélair/Deloitte & Touche inQuebec and Deloitte & Toucheelsewhere – commonly knownas “Deloitte.”

1987 Deloitte Haskins & Sellsmerges with Samson Bélair,operating as Samson Bélair inQuebec and Deloitte Haskins &Sells in the rest of Canada.

The Deloitte Foundation isestablished. Its mission is tomake a difference to ourcommunities through focusedcontributions of our financialresources.

2002 1,000 Andersen Canadapartners and staff join Deloitte,creating Canada’s largestprofessional services firm.

2007 Deloitte is named oneof the Top 100 Employers for2008 by Maclean’s magazine.

1980 Winspear HigginsStevenson and Co. merges withDeloitte Haskins & Sells.

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1967 Howard Ross retires ashead of Touche, Ross, Bailey &Smart to become Dean of theSchool of Management at McGillUniversity.

1969 The name of ToucheRoss & Co. is adopted globally.

1981 Touche Ross mergeswith Gardner McDonald & Co.based in Montreal, Toronto,Edmonton and Calgary.

2005 Deloitte’s firstannual national Impact Dayis celebrated in Canada.

2008 Deloitte celebrates its 150th year as a Canadianprofessional services firm.

Here are just a few of the outstandingleaders who have built rewardingcareers after joining Deloitte.

Partner Sippy Chhina, who joinedDeloitte’s Calgary Audit practice fromanother professional services firm,explains her rationale: “At Deloitte, I have the opportunity to providebroader and deeper resources to myclients in the oil and gas and relatedservices sector.” She adds, “In doingmy research, it was clear that Deloittewas the place to go. The firm hasclearly made a big commitment toAlberta and to the resources industry.”

Associate Partner John Detombechanged the landscape for securityand privacy services in Ottawa bymoving to Deloitte. His experienceincludes a long career in systemssecurity with the Air Force, the privatesector and boutique professionalservices firms. He says, “At Deloitte,

the global breadth and depth isamazing – I can pick up the phone andconnect immediately to securityspecialists anywhere on the planet.”

Associate Partner Peter Ludikar is anelectronics engineer who has donepioneering work in the area ofautomatic train systems. In his previouscareer, Peter jokes, “I was the firstperson in the world to have a full-sizedradio-controlled train set to play with!”He brought the engineering behindVancouver’s SkyTrain into the wirelessera, and was instrumental in his firmwinning the contract for RATP Line 13,a subway in the heart of Paris. Today, Peter helps organizations in the technology, media andtelecommunications industry developand substantiate tax refund claims fortheir complex research projects.

Partner Johanne Gélinas, formerly thefederal government’s Commissioner ofthe Environment and SustainableDevelopment, is now a leader ofDeloitte’s Corporate Responsibility &Sustainability practice. About joiningDeloitte, she said, “It was a greatopportunity for me to get intoimplementation.” Johanne now advisesclients on how to better understand,plan and manage issues like climatechange, emissions trading andcontingent financial environmentalliabilities.

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Imagine you’re a part of Deloitte’sHR/Talent management team. Whatcould be better than Deloitte beingnamed among Canada’s top 100employers? How about being includedon an esteemed list of Canada’s top 50employers – the only professionalservices firm to achieve both of thesedistinctions simultaneously? Those arejust some of the accolades thatDeloitte has received recently,reinforcing its rank among Canada’smost sought-after workplaces fortalented professionals.

In 2007, Deloitte earned a place onHewitt Associates’ list of 50 BestCompanies to Work for in Canada. Thesurvey, reflecting the views of over2,000 human resources professionalsand 100,000 Canadian employees atnearly 120 organizations, waspublished in the January 2007 Reporton Business magazine and La Pressenewspaper.

What makes Deloitte such a greatplace to work? For starters, there are

opportunities for growth anddevelopment, collaboration withtalented, team-oriented peers, flexibilityand responsibility from day one. Forthese and other reasons, Deloitte hasfostered an energetic workforce, whereboth new entrants and veterans findsatisfying careers and room forprofessional growth.

A survey conducted by MediaCorpfor Maclean’s magazine also namedDeloitte one of Canada’s Top 100Employers for 2008 – the first time thatDeloitte has received this distinction.

This award recognized Deloitte for its employee benefits, including its innovative Elder Care, New ParentsSupport program (which includes$20,000 grants towards adoptionexpenses), Wellness Subsidy andEmployee Assistance programs.Deloitte’s socially minded activities such as Impact Day, its philanthropicendeavour, and its recently launcheddiversity initiative also contributed tothis high ranking.

The Maclean’s Top 100 surveyevaluated companies in eightcategories: physical workplace; workatmosphere and social; health, financialand family benefits; vacation and time-off; employee communications;performance management; trainingand skills development; and communityinvolvement. Deloitte was selected as aTop 100 Employer from among morethan 10,000 Canadian employersinvited to apply.

Deloitte’s recent HR accolades don’tend there. Benefits Canada magazineincluded Deloitte among its list ofCanada’s 30 Best Pension and BenefitsPlans – for the second straight year.Deloitte also earned the top spot in arecent ranking of recruiting companiesby university students.

It’s no wonder that whencompanies seek the best and brightestprofessional services providers, Deloittecomes out on top – again.

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Deloitte’s commitment to Canadiansociety isn’t just an external function.Deloitte walks the talk – outside and in– through initiatives that matter to thepublic and foster a workplace thatreflects and respects employees’ andpartners’ values concerning diversity,social giving and the environment.Deloitte recently appointed its firstChief Diversity Officer with theobjective of fostering an inclusive workenvironment at Deloitte whereemployees can achieve their fullpotential.

When you’ve got 7,600 peopleworking together, it’s that muchtougher to single out an individual whoembodies the group’s shared valuesand commitment to Canadians. Yetamong the countless individuals atDeloitte who make a difference eachday, Yezdi Pavri is clearly an inspiration.

A 30-year Deloitte veteran, Yezdi isthe Greater Toronto Area’s ManagingPartner. Beyond being a dynamiccontributor to Deloitte client services,he has helped strengthen Canada’scultural diversity through tirelesspersonal efforts.

As a new Canadian who hassucceeded in Canada, Yezdi knowswell that true abilities can be obscuredby cultural differences and a poorcommand of English. To help otherssurmount these barriers and achievetheir full potential, he has madeconcerted efforts to hire people basedon their inherent talent and skills.

“Helping immigrants succeed is not just an act of kindness, it’s goodfor our economy,” says Yezdi. “Byunderstanding, respecting andembracing individual similarities anddifferences, we can improve the qualityof life for all Canadians.”

Within Deloitte, Yezdi is a foundingmember and co-chair of the firm’sNational Diversity Council, an advisorybody that guides and supports thefirm’s efforts to foster an inclusiveenvironment.

He is also a Founding BoardMember and Treasurer of the TorontoRegion Immigrant Employment Council(TRIEC), and is closely involved in twocouncil initiatives: the MentoringPartnership, a program that connectsskilled immigrants with establishedprofessionals; and Career Bridge, whichcreates paid internship opportunities.

Beyond these efforts, Yezdi hasfurthered his impact by encouragingover 100 Deloitte people to act asmentors to recent immigrants. Notsurprisingly, many of those who getinvolved are first- or second-generationimmigrants who are pleased to havethe opportunity to give back.

In his bid to help new immigrantssucceed professionally in Canada, YezdiPavri has instilled a virtuous circle ofcharitable giving – one that continuesto build momentum by opening doorsand unlocking the potential of thoseseeking to achieve their best.

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Yezdi PavriManaging Partner, Greater Toronto Area

Every year, Deloitte people makesignificant local contributions of volunteerhours and financial donations to a lengthylist of worthy causes, both individuallyand on an office-wide basis.

In a broader social context, Deloitte,its employees and its partners give theirtime and money generously, supportingcaring organizations that help makeCanada a better place to live and work.To maximize its efforts, Deloitte focuseson three initiatives: Impact Day, theUnited Way workplace campaigns andthe Deloitte Foundation.

Impact Day is all aboutvolunteerism. Each September, Deloittepeople dedicate a full day to giving toothers – building playgrounds, servingmeals to the less fortunate and helpingnew immigrants. This year, 84 per centof Deloitte’s workforce – that’s morethan 6,000 people – participated inImpact Day activities across Canada.

When it comes to employee-basedfundraising, Deloitte’s support of theUnited Way delivers results that growyear after year. A proud member of theUnited Way’s Million Dollar Club forthe past six years, Deloitte people set anew record in 2007, raising $3 million.True to the cause, this effort also

reflects the diverse wishes ofemployees who direct funds theydonate to the United Way charity oftheir choosing.

The Deloitte Foundation – a vehiclefor all corporate donations –complements these efforts by helpingimprove the quality of education,health care and youth services throughits support of registered charities thatdemonstrate efficient administration,fiscally sound management and long-term viability.

Deloitte’s keen interest in theenvironment is demonstrated throughconcerted efforts that span work withits clients and suppliers to grassrootsactivities. Building a corporateresponsibility model for suppliers tomeet – as well as internal efforts likeadopting paperless recruiting andelectronic training processes,participating in programs such as David Suzuki’s Nature Challenge, usingrecycled paper and limiting bottledwater at events and meetings – are justa few examples.

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As one of Canada’s leadingprofessional services providers, Deloittehas earned a privileged place inCanada’s business community. Tocomplement the multidisciplinaryguidance and support that Deloitte’speople deliver to clients daily, the firmalso offers a number of web-basedresources that can help executives stayabreast of emerging issues as theyhappen.

The Resource Centre located onDeloitte.ca provides access to Deloitte’sCFO Centre and Centre for CorporateGovernance.

Facing never-ending pressure to cut costs, grow revenue and ensure controls while at the same time answering to increasingly activeshareholders, CFOs bear a considerableload. Deloitte’s CFO Centre wascreated to provide the support andinformation they need to stay ahead of the game.

The CFO Centre responds withinformation and tools that address aCFO’s four roles – that of steward,

expected to preserve a company’sassets and minimize risk; an operator,who conducts effective financeoperations; a strategist, who influencesa company’s overall direction; and acatalyst expected to instil a financialmindset throughout a business. Forexample, in “Breathing lessons,” CFOswill find the tools to work moreeffectively under pressure andthoughtfully evaluate investments andother options.

Deloitte’s Centre for CorporateGovernance is dedicated to auditcommittee members and boards ofdirectors. This website presents in-depth knowledge on compliance,reporting issues and best practices forAudit Committee, Board Governance,Compensation Committee andNominating/Corporate GovernanceCommittee members. C-suiteexecutives, investors and otherconstituents will also find this sectionan essential resource for understandingand dealing with governance issues.

Comprehensive and in-depth, theCentre for Corporate Governance alsooffers registered viewers a personalizedexperience with podcasts, RSS feeds,subscriptions, studies and otherinformative resources tailored to theviewer’s interests. A popular feature isThe Directors’ Series, live satellitebroadcasts in locations across thecountry that provide Canadiancorporate directors with an opportunityto keep up to date with their learningrequirements in a time of frequentchange and new demands. Anotherimportant feature of the Centre forCorporate Governance isDeloitteIFRS.ca, which is dedicated tothe transition to International FinancialReporting Standards (IFRS).

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The Internet may be a nearly boundlesssource of content, but navigating theinformation highway and sourcingrelevant, credible material isn’t justtime consuming, it can occasionallyprove fruitless. Deloitte Canada’sInsights & Ideas section of Deloitte.caprovides executives with relevant andcredible information in the form ofresearch, podcasts, newsletters, casestudies, books and other thought-provoking materials.

For example, Deloitte'sdownloadable research analyzes andexplains major issues driving today’sbusiness dynamics and shapingtomorrow's marketplace. Publicationssuch as “Diagnosis: transformation,”which deals with the challenges facedby Canada’s life sciences enterprises,offer sector-specific insights.

Deloitte’s searchable database ofcase studies contains stories told byDeloitte professionals and their clients,enabling other Canadian businesses tobenefit from their experiences. Amongthe numerous examples is “A compre-hensive strategy for growth,” whichdescribes how a Deloitte team helped aCanadian tech company to increase itsmarket share in China while avoidingpitfalls.

For other in-depth reading, thebookstore features titles by Deloitteauthors who impart practical andinsightful guidance – a hallmark ofDeloitte excellence for 150 years.

Among the Deloitte bookstore’scollection is “The Strategy Paradox.” In this thought-provoking book, best-selling author Michael E. Raynor revealsthat strategies with the greatestpossibility of success also have thegreatest possibility of failure. Raynoralso introduces tools to mitigate the

strategy paradox and implement plansthat deliver results without unnecessaryrisk exposure.

For those who prefer listening,Deloitte also offers a contemporaryway to glean insights on currentbusiness issues. In a monthly podcastseries called Deloitte Canada Insights,partners share their experiences on thetrends and market forces that areshaping Canadian businesses today.

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Past. Present. Future. The passage oftime has been very much on our mindsduring the 150th anniversary year ofDeloitte in Canada. In reviewing thefirm’s archives – and the history ofCanada – we are reminded that manyof today’s significant concerns likeupheavals in the financial and capitalmarkets, wildly fluctuating oil pricesand pandemics are not new issues.When a business is as old as ours, it isdoubtless that one of our predecessorfirms has had to deal with a similarsituation. Helping our clients overcomeadversity and prosper within a new anddifferent environment has always beena hallmark of the firm known today asDeloitte.

We are honoured to be leadingDeloitte into its 151st year in Canada.As we pore over the many wonderfulstories that comprise our history, weare struck by how much there is to belearned from them. We doubt Philip S.Ross would have imagined that thefirm he started, with its origins in theshipyard, would grow to be the largestprofessional services firm in thecountry. Then again, he had provenhimself to be an enterprising man, soperhaps he did imagine it. As we looktoward the next 150 years, the peopleof Deloitte will continue to make itsfounders proud with the things theyimagine into being.

Things like playing a leading role in the burgeoning area of corporateresponsibility, as both an advisor to ourclients and a committed participant.Things like being known across Canada

as an inclusive meritocracy, wherediversity is a way of life. Things likedeveloping innovative services forneeds that have yet to surface.

We will continue to channel thespirit of our founders to serve ourclients and our communities withinnovation and energy. It is for this

reason we come to work every day,and why we eagerly anticipate thefuture.

On the occasion of our 150thanniversary in Canada, we speak for all the people of Deloitte in offeringheartfelt thanks to all our clients, ourcommunities and our professions.

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Alan MacGibbonManaging Partner and Chief Executive

John BoweyChairman

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What a difference a day makes.

Imagine the impact of an entire organization

working on community projects. Every year

on our annual Impact Day, the people of

Deloitte leave their desks to volunteer across

the country – cleaning parks, painting

daycare centres, cooking meals and helping

new Canadians to write their resumes. It’s

one more way we foster strong communities.

A SPECIAL INFORMATION SUPPLEMENT - The Globe …v1.theglobeandmail.com/partners/free/sr/deloitte08/... · · 2008-10-30our largest businesses, serving thousands ... of Cirque du

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