2012 Alumni Matters by The Faculty of Business and Economics, The University of Melbourne

ALUMNI MATTERS Annual magazine for Business and Economics Alumni at Melbourne (BEA@M) www.fbe.unimelb.edu.au/alumni Vol. 2 JUNE 2012

mentoring profile annual foundation dinner international deanâ&#x20AC;&#x2122;s dinners

faculty research

executive education

scholarships for not-for-profit sector

students in free enterprise

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alumni of distinction

teaching innovation

features

june 2012

02 Annual Melbourne Foundation Dinner

04 Alumni of Distinction

12 Students in Free Enterprise

14 Alumni postcards

16 Making a difference

19 Alumni Council update

Cover image: Aditya Chibber, BCom Hons (2008); photographed by Joe Vittorio Aditya is an executive at Grant Samuel and is a member of the Faculty’s Young Alumni sub-committee.

Published by the Faculty of Business and Economics at the University of Melbourne, Alumni Matters is a magazine for alumni of the Faculty, including the Graduate School of Business and Economics. It is published once a year and is available in print and electronic format. The Faculty also publishes a bi-monthly e-newsletter for alumni, eComm.

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If you would like to receive eComm, please ensure that your email address is up-to-date. You can do this via the University’s online alumni portal: http:// alumni.online.unimelb.edu.au/mydetails To view electronic versions of Faculty publications please visit: www.fbe. unimelb.edu.au/alumni/news.html

Alumni Matters June 2012 Edited by Anthea Barry Contributing writers: Nicole Zappelli, Eoin Hahessy, Anthea Barry, Danielle Roller and Ali MacLeod Designed by Sophie Campbell, scdesign.com.au Authorised by the Director, Advancement ISSN: 1839-0420 Disclaimer: this information was correct at the time of printing. The University reserves the right to make changes as appropriate. Alumni Relations, Advancement and Marketing Unit Faculty of Business and Economics Level 12, 198 Berkeley Street University of Melbourne VIC 3010 T: +61 3 8344 3507 E: fbe-alumni@unimelb.edu.au F: +61 3 8344 2147 W: www.fbe.unimelb.edu.au/alumni Twitter: @BusEcoNews b

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Business and Economics Alumni at Melbourne

Business and Economics Alumni @ Melbourne (BEA@M)

墨尔本大学商业经济学院

dean’s update Dear Alumni The landscape of education in Australia and globally has undergone significant changes since I joined the Faculty nearly twelve years ago as a Professor of Finance. Our Faculty has embraced the notion of a global education village, rethinking the ways in which we deliver education and committing ourselves to build one of the most diverse student bodies in the world.

As the incoming Dean, I feel very privileged to be leading the Faculty ahead and look forward to meeting many of you over the coming months, both here in Melbourne and around the world. The Faculty continues to enhance the University’s reputation as an innovative, dynamic and exciting institution. Keeping abreast of advances in technology has allowed us to structure course content using far more interactive and co-creative approaches. This year we piloted the Faculty’s first fully online subject, Ethics in Finance, which is detailed on p13 of this magazine. The development of a unique curriculum, aided by ongoing recruitment of internationally renowned research and teaching staff, provides our students with a study experience that extends beyond the classroom. We rely on vital partnerships with alumni and industry to achieve our aim of delivering excellence, opportunity and innovation in all that we do. Our undergraduate and graduate Student Experience teams focus on initiatives which enrich the student experience through activities that “talk to” the academic curriculum, such as business practicums. Students undertake real-life projects in host organisations, equipping them with valuable skills that ensure workready graduates. Our practicum subjects now include the Melbourne Business Practicum, the Volunteer Business

Practicum, the Global Business Practicum and the Global Consulting Project. It is encouraging to hear that, when surveyed at the completion of the project, 100% of host organisations expressed an interest in continuing to provide future practicum projects. Our aim is to be able to offer every student the opportunity to undertake a practicum as part of their degree. We will be looking for your support to ensure that we can deliver on this aim. Our students continue to make us proud, breaking new ground whether through social and community endeavours (read about the positive impact that our SIFE students are making to communities

position are extraordinary and too many to mention here. Instead, we have dedicated a page to some of them inside this magazine on p26. Our mission is to enable the brightest and best minds to benefit from a worldclass education; to graduate prepared for leadership and citizenship; to come together to pursue research which will shape the future; and to engage in a unique University experience which will set the Faculty, our alumni and our impact on society apart from the rest. You’ll notice we’ve included our latest research brochure, Never Stop Learning, with your alumni magazine this year.

Our students continue to make us proud, breaking new ground through social and community endeavours and academic success. in Australia and overseas on p12), or academically through their success in international case competitions. This year our undergrad team won the McGill Management International Case Competition in Montreal, an outstanding globally recognised achievement. On behalf of the Faculty I would like to acknowledge the incredible efforts and lasting contributions and achievements of our outgoing Dean, Professor Margaret Abernethy. Maggie’s contributions to building the Faculty to its current

Research of the highest quality across all of our disciplines is embedded into the fibre of the Faculty, and the quality and impact of this research is widely recognised both internationally and domestically. Never Stop Learning provides a snapshot of some of the research work we are engaged in and we hope you enjoy reading about it. Professor Paul Kofman Dean, Faculty of Business and Economics Sidney Myer Chair of Commerce

in this issue 02 Annual Melbourne Foundation Dinner 06 Faculty research 08 Business and Economics newsflash 12 Students in Free Enterprise

14 Alumni postcards 16 Mentoring profile 18 Partnership fills the gaps in the not-for-profit sector 19 Alumni Council update

20 Bellabox: the business of beauty 21 Three goals, one vision 24 Donor Roll of Honour 26 Achievements 28 Upcoming events

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04 Alumni of Distinction

13 Teaching Innovation

Melbourne Foundation

Annual Melbourne Foundation dinner proves a significant attraction Eoin Hahessy The creation of a scholarship in recognition of the tenure of Professor Margaret Abernethy and the presentation of awards to distinguished alumni were among the highlights of this year’s highly successful Melbourne Foundation for Business and Economics Dinner. The Annual Foundation Dinner has already become an important date in the Melbourne diary. This year over 500 guests celebrated the achievements of the Faculty’s alumni, the impact of philanthropy, and the continuing drive for partnership and engagement between town and gown. The Chairman of the Foundation Board, Mr Anthony Burgess, announced that the Margaret Abernethy Scholarship for Leadership in Community Engagement would be created in recognition of

The Margaret Abernethy Scholarship for Leadership in Community Engagement will assist in developing graduates who will provide leadership for the AsiaPacific region and who will understand the responsibility they have to their community. Professor Glyn Davis, ViceChancellor and Principal of the University of Melbourne, says: “This scholarship, created in the Dean’s honour, will assist the Faculty in ensuring that a commitment to community continues to be a priority for our graduates.”

This year over 500 guests celebrated the achievements of the Faculty’s alumni, the impact of philanthropy, and the continuing drive for partnership and engagement between town and gown. Maggie’s inspirational tenure of the Faculty of Business and Economics (FBE), which ended in March.

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During her eight years as Dean, Professor Abernethy provided clear and motivational leadership to both academic and professional staff. Student concerns, the educational experience they obtain, and the engagement they have with the community have been passions of Professor Abernethy. This scholarship is a fitting recognition of her drive and determination that has contributed to making the FBE one of the world’s leading business schools.

More than $600,000 was raised from the Dinner with over $236,000 donated directly towards the Margaret Abernethy Scholarship. This success is thanks to the leadership of the Foundation Board and the many guests who generously donated to support the former Dean’s vision and the Faculty’s continuing mission. These donations will be matched by the Faculty creating an endowed fund of at least $472,000 which will support a minimum of two scholarships each year. Another highlight of the evening at the elegant Myer Mural Hall was the announcement of the recipients of the

2012 Alumni of Distinction Awards. The Faculty of Business and Economics has over 40,000 alumni around the world and many of them have made decisive contributions in their fields. In recognition of this the Faculty’s Alumni Council established an annual Alumni of Distinction Awards program in 2011. This year the recipient of the Alumni of Distinction Rising Star Award for Young Alumni was Ms Wesa Chau (pictured below). Wesa, who was the founder of the Australian Federation of International

1. University of Melbourne Chancellor Elizabeth Alexander and Professor Margaret Abernethy with current commerce students at the Foundation Dinner 2. Guests of the Royal Children’s Hospital Friends and Associates table 3. B&E Board member Peter Gunn with masters student Melissa Kebir 4. B&E Board member Paula Dwyer and John Allen 5. B&E Board Chair Peter Yates thanks Professor Abernethy for her contribution to the Faculty

Students, has ten years’ experience in advocating on a range of issues including multicultural affairs, international students, young people and people with disabilities.

The next award presented was the Alumni of Distinction Award for significant and

long term contribution to the Faculty or University, either through philanthropy, research or outstanding leadership. This year’s winner was Emeritus Professor Joe Isaac. Professor Isaac or ‘Joe’, as he is affectionately known around the Faculty has had an association with the University of Melbourne stretching back seventy years and has long been one of Australia’s most distinguished practitioners in the field of industrial relations. The final award of the evening was the Lifetime Achievement Award for consistent, long term and outstanding achievement and leadership in business, government, academia or the NGO sector in Australia. The recipient of this award, Mr Charles Goode, has had both a remarkable career and life. After obtaining first class honours in every subject in his BCom, Charles graduated from the Faculty in 1960, topping the list in that year.

Since graduating, Charles has made an inspiring impact through major achievements in the areas of finance, for guidance in his positions on the boards of charitable and health-related organisations, and for outstanding direction of philanthropic policy in the community. These achievements were recognised by his appointment as a Companion of the Order of Australia in 2001 for services to business. It is for these reasons and many others that Charles is a fitting recipient of the Faculty of Business and Economics Alumni of Distinction Lifetime Achievement Award. Each year the Melbourne Foundation for Business and Economics Dinner proves an elegant event with leading figures from industry and academia in attendance. This year a colourful speech by alumnus Rod Simms, Chairman of the Australian Competition and Consumer Commission, capped off an enjoyable evening.

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The second Alumni of Distinction Award was the International Award, which is presented for consistent, long-term achievement and leadership in business, government, academia or the NGO sector outside Australia. The recipient of this award was Mr Mark Chiba. Mark graduated in 1987 with a first-class BCom honours degree, and was a recipient of the Robin D. Hocking Memorial Scholarship. Since then Mark has had a distinguished international career in finance and in 2003 founded Longreach Group, an Asian-based private equity group with, he says, “old-fashioned values”.

alumni awards

Mark Chiba – International Award What key piece of advice would you give to someone starting in your field?

Figure out the area – whether it is a region, industry sector, deal style, or combination of these – that you are passionate about and honestly believe you can be a worldclass professional in. Then take a long view: take risks but realise it is a long game, through many business cycles and broader political and economic transitions. Adapt as necessary. Never give up. What is the most exciting thing happening in your field right now?

Alumni of Distinction Each year, the Alumni of Distinction Awards recognise the Faculty’s most outstanding alumni. The recipients of these awards are true leaders in their fields. This year the awards were announced at the Annual Dinner of the Melbourne Foundation on 15 March. Nicole Zappelli spoke to our 2012 award recipients. Here are their hot tips for 2012.

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Actually, three developments. First, the unfolding of the Asian Century. Second, the renaissance of the United States over the coming decades with a more balanced economy and more broadly distributed prosperity. Third, the scope to build an entrepreneurial, boutique private equity firm even in a world of global private equity consolidation and global mega firms. I would not be where I am today without...

...my family and my education. What is your fondest memory from being a student?

The Friday seminars during honours year, where we had very interesting guest speakers. In the seminars and over lunch, we could debate real policy issues with real-time decision-makers. I have one other extremely “fond” memory – while swotting hard for the Honours exams with friends at Apollo Bay, we switched on the news to discover the 1987 stock market crash. On the TV footage of the old stock exchange floor, a number of the stocks we owned in our investment club were the subject of screamed “Sell!” orders. My journey as an investor began that day. What do you never leave home without?

Blackberry. ThinkPad. Optimism... and a daily phone call to my two daughters.

Figure out the area – whether it is a region, industry sector, deal style, or combination of these – that you are passionate about and honestly believe you can be a world-class professional in.

Emeritus Professor Joe Isaac, AO – Contribution to Faculty and University Award What key piece of advice would you give to someone starting in your field?

If you are an academic working on labour market matters or wish to be one, be sure to combine academic research with practical experience: get to know the main parties and institutions in the labour market – employers and their organisations, unions, tribunals and relevant government departments. If possible, obtain a secondment in one or more of them for work experience. Obtain an international perspective on the issues, by spending your study leave in different countries. What is the most exciting thing happening in your field right now?

Right now (and every now and again), our labour market institutions are under review. I would not be where I am today without...

...some of my school teachers, the scholarships I obtained from Queen’s College as a resident student, the teachers I was fortunate to have at the University of Melbourne and the London School of Economics (LSE), and the encouragement of my many colleagues. What is your fondest memory from being a student?

At the University of Melbourne, Queen’s College and the LSE, I gained exposure to academic, social and political issues, as well as to art and music. It is a great pity that so many full-time students these days find it necessary to engage in paid work and absent themselves from the campus. My fondest memory of all, however, was meeting my wife – a science student.

My wallet.

Wesa Chau – Rising Star Award for Young Alumni What key piece of advice would you give to someone starting in your field?

Passion, creativity and persistence are needed to succeed in the not-for-profit world. When you achieve something in my field, it is very rewarding. What is the most exciting thing happening in your field right now?

It is wonderful to see that more people are thinking about cultural diversity now. The work done in years past has obviously worked and it is firmly in people’s consciousness. I would not be where I am today without...

...all the support I received from my seniors, wiser people in the sector, and my mentors. Additionally, without the team of people I work with, I could not have gotten to where I am today. What is your fondest memory from being a student?

The Union House. I was running the Chinese Culture Society as a student and the Union House was the place I went to every lunch time to either recruit new members or promote new events. That experience provided me with a solid foundation for my current work. What do you never leave home without?

Definitely the iPhone! I’d rather leave home without keys than my phone!

Since I graduated in 1960, much in the Faculty has changed. In 1958, there were 1200 students; today there are 8000. In 1958, nearly all students were Caucasian males; today, there are students from around the world, with a balance of men and women. In my day, we were told that with Keynes, the understanding of the economy had grown to such an extent that recessions may well be a thing of the past (!) – I imagine that these days, classes have become more orientated to the real world, rather than just teaching about perfect markets. However, some elements have not changed. These include the high-calibre students attracted to the Faculty, the quality of the staff and the standing of the Faculty. I met many great teachers as a student in the Faculty and I also made some lifelong friends. A group of eleven of us used to go to the local pub on a Friday afternoon and have a drink in the garden. We called ourselves The Gardeners. Today there are still nine of us who meet for lunch four times a year. We have 90% attendance at the lunches, which have been going on for 50 years.

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What do you never leave home without?

Charles Goode, AC – Lifetime Achievement Award

our research

A High Exchange Rate:

Should we be concerned and what should be done? The Faculty of Business and Economics seeks to bring great minds together in a stimulating environment to answer questions important to us as individuals and as a society. These questions are vast and affect us all. One such question concerns Australia’s high exchange rate – why is this important and what should be done about it. The strength of the Australian dollar is the most obvious signal of the strength of the Australian economy. While this strength is welcomed, there are winners and losers when it comes to a high exchange rate. A strong Australian currency hurts those who rely on the flow of foreign capital to make a living. A high currency can slow the economy down, and dollar-exposed industries such as tourism, manufacturing and education are impacted while the dollar soars. Responding adequately to these challenges is a significant issue for Australia today. Recent research presented at a public economics forum in Canberra by one of the Faculty’s most pre-eminent professors, Max Corden, outlined some policy solutions so that an informed debate on this pertinent question can occur. The mining boom is making Australia potentially wealthier, but also creating problems because of the high exchange rate. What should government policies be? There are two issues, and it is very important that they are distinguished. One concerns taxes and the other concerns the exchange rate.

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The aim of taxation is that some of the benefits of the boom go to the Australian community as a whole and not just to Australian shareholders and employees, and certainly not mainly to foreign owners. Taxation is probably the main channel (though not the only one) through which Australia benefits from the boom. There are the normal company and income taxes, revenue from which will be increased by the boom. Additionally, when there are exceptionally high profits – as there have been – they should, in my view, be taxed through something like a super-profits tax.

All these extra taxes would be borne both by the foreign owners of the mining companies and associated firms, and by owners who are Australian residents. Indirectly, executives and other employees and suppliers of the mining firms would also be affected. Such a tax can be too high. It may discourage foreign capital inflow into Australian mining and also reduce the

future profits and thus total revenue from taxation in the future. But so far, as the various mining industries develop, especially liquefied natural gas (LNG), there is no sign of such discouragement. Such a tax can also be too low. The main reason would be the political power exercised in various well-known ways by wealthy companies and interested individuals. Two ways are

The aim of taxation is that some of the benefits of the boom go to the Australian community as a whole and not just to Australian shareholders and employees, and certainly not mainly to foreign owners. incentive to fully exploit opportunities. Indeed, very high taxes may end up leading to less total revenue from taxes. If the tax discourages capital inflow and new investment, it will reduce

through influencing public opinion with advertising and influencing policy through lobbying. This sort of thing is very open in the United States. I think it is a danger in Australia.

Australia’s exchange rate has greatly appreciated since the mining boom began, and this has certainly been a problem for other actual and potential export industries, as well as for import-competing industries.

I now come to the second policy issue. This concerns the exchange rate. Australia’s exchange rate has greatly appreciated since the mining boom began, and this has certainly been a problem for other actual and potential export industries, as well as for import-competing industries. Appreciation is caused both by the huge rise in mining incomes owing to higher prices of iron ore and coal, and to the massive inflow of foreign capital into the sector, leading to an investment boom. Of course, there are other factors – notably the low interest rates abroad. Obvious victims of appreciation are some parts of manufacturing, domestic tourism, and the export-of-education industry. Also included should be potential exporting firms that would have developed if the exchange rate had been lower. This is called the “Dutch Disease problem” because the Netherlands was believed to have once gone through that experience. Does the Dutch Disease require policy action by the government designed to moderate the appreciation – and thus to depreciate the exchange rate somewhat? This is a big issue and a difficult question to answer. Firstly, it must be remembered that there are also gainers from the appreciation, as Australians travelling overseas certainly recognise. Cheaper imports, owing to appreciation of the exchange rate, have reduced the cost of living and brought benefits to wage-earners and the general community, as well as firms that use imported inputs.

government then puts the proceeds into a sovereign wealth fund that invests abroad on behalf of the government, there will be little or no effect on the exchange rate. Foreign spending by the taxed owners is reduced, and foreign spending by the Australian government is increased. Thus these taxes that bear on foreigners will not reduce the Dutch Disease. It is easy to misunderstand this result. In the working paper I go on to say “the taxation and the use of the sovereign wealth fund may well be justified: Australians get a bigger share of the benefits of the boom, and, prudently, their government saves it and invests it abroad.” In other words, as I pointed out at the beginning, taxation of the mining sector is desirable because it gives the Australian community some of the benefits of the boom. Some of these benefits will be felt when the fruits of the sovereign wealth fund accumulation come back to Australia, perhaps once the boom has declined or come to an end. In the Australian Financial Review on March 13, an article by Laura Tingle summarised some of the results of my working paper, and did so very accurately. But the headings on the article conveyed a false impression. The first heading was “Don’t

rely on mining tax, Labor told” (I never referred to Labor), and the second heading was “Resource tax case flawed: expert”. In Business Day of The Age, March 14, another article has a brief paragraph which refers to “criticism of Labor’s mining tax from economist Max Corden”. I want to tell you readers that I favour a mining tax, but don’t expect one that only affects foreign owners of the mining industry to reduce the Dutch Disease. I should add that if the tax were so high that it reduced capital inflow into mining substantially then it would indeed moderate the Dutch Disease effect. But that is not the sort of tax that either the Government or I favour. It would be more than just a super-profits tax. This is an abbreviated version of the working paper presented by Emeritus Professor Max Corden at the Melbourne Institute Economic Forum in Canberra on the 19th April and reproduced on the Conversation website. Professor Corden’s paper, The Dutch Disease in Australia: Policy Options for a Three-Speed Economy, is available to download from the working paper series section of the Melbourne Institute website at http://melbourneinstitute.com/.

Secondly, measures to depreciate the exchange rate all have problems. One way would be for the Reserve Bank (our central bank) to lower interest rates. That would reduce capital inflow and increase outflow, and would indeed lead to some depreciation. But, unless there is slack in the economy the effect would be inflationary. To offset that, fiscal policy would have to be tightened, perhaps leading to a substantial surplus. Such a sustained fiscal surplus policy would be politically difficult.

In my recently released working paper, I point out something that may be surprising. When the government taxes the mining sector and the effect is mainly felt by foreign owners who would have spent their receipts abroad, and the

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newsflash

Business and Economics Newsflash

Australian Accounting Hall of Fame Professor Emeritus Louis Goldberg AO from the University of Melbourne, Mr Kenneth Hugh Spencer AM of KPMG and Professor Ken Trotman from the University of New South Wales are the latest inductees in the Australian Accounting Hall of Fame, honoured for their services to the industry. Hall of Fame Director Mr Phillip Cobbin said the Hall has been successful in bridging expertise across the financial community.

FBE Professor appointed editor of prestigious journal

A graduate of the Faculty, many alumni will remember being taught by Professor Louis Goldberg, an extraordinary scholar whose academic and professional contribution to accounting in Australia exceeded 60 years.

Associate Dean (Global Engagement) and Professor of Management, Bill Harley, has been appointed the General Editor of the Journal of Management Studies (JMS). Professor Harley becomes the first Australianbased General Editor in the fifty year history of this prestigious journal.

Centre for Accounting and Industry Partnerships, Department of Accounting www.accounting. unimelb.edu.au/caip

International in scope and readership, the Journal of Management Studies is a multidisciplinary journal, publishing articles on organisation

theory and behaviour, strategic and human resource management – from empirical studies and theoretical developments to practical applications. Professor Harley has been an editorial board member since 2008 and became the first Australian-based Associate Editor in 2010. Department of Management and Marketing www.management marketing.unimelb.edu.au

Planning for the future – the effects of unemployment on future generations A unique international study by the Melbourne Institute has examined the indirect effects of parents’ unemployment on their children’s wellbeing in an attempt to capture the full impact of unemployment. The study not only provides a fuller picture on the effects of unemployment, it also highlights to Australian policymakers the necessity to ensure unemployment policies consider both present and future generations when initiatives and legislation are drafted.

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For a more comprehensive profile of this research, look out for the FBE insert in next month’s Melbourne University Magazine (MUM). The analysis, by Professor John P. Haisken-DeNew of the Melbourne Institute and PhD student Michael Kind of the Ruhr Graduate School in Economics, Essen, Germany, is available online at www.melbourneinstitute. com/downloads/working_paper_series/wp2012n02.pdf. The Melbourne Institute of Applied Economic and Social Research www.melbourneinstitute.com

Finance Down Under Conference The Department of Finance held another highly successful Finance Down Under Conference in March. Along with invited discussants, academics from 20 universities in Europe, the U.S.A, Asia and Australia presented at the conference. Already planning for next year, the Department’s 2013 Finance Down Conference will celebrate 25 years of influence of the classic paper: “Substitution, Risk Aversion, and the Temporal Behavior of Consumption Growth and Asset Returns: A Theoretical Framework”. This research first formalised the models of investor risk preferences known as Epstein-Zin preferences that underlie recent models of the relationship between risk and return. Professor Stan Zin of New York University will be a keynote speaker

and he will be joined by Harvard University’s Professor John Campbell and Larry Epstein from Boston University. Following his participation in the 2011 conference, Professor Peter Bossaerts of Cal Tech, who is the world’s leader in the new field of neuro-finance, has accepted a part-time appointment in the Department of Finance. Peter will also be a keynote presenter in 2013 at what promises to be another great symposium. Department of Finance www.finance.unimelb.edu.au

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newsflash

Nobel Laureate Dale Mortensen to visit Faculty in July The Department of Economics will be hosting eminent American economist Dale T. Mortensen of Northwestern University during his visit to Australia in July. Pioneer of the theory of job search, Mortensen helped develop the model that has become the leading technique for the analysis of labour market fluctuations and the effects of labour market policy. Together with Christopher Pissarides (LSE) and Peter Diamond (MIT), Professor Mortensen was awarded the Nobel Prize in Economics in 2010 for “analysis of markets with search frictions”. During his visit Professor Mortensen will deliver a public lecture at the University, hosted by the Faculty of Business and Economics, on Tuesday 3 July – see the events page at the end of this magazine for details. Department of Economics www.economics.unimelb.edu.au/

Melbourne students take on Global Consulting Projects This year, students again undertook projects in organisations across Asia – Hong Kong, Singapore, Mumbai and Bangkok – with further projects planned for Kuala Lumpur, Shanghai, Hong Kong and Ho Chi Minh City in July. 100% of host organisations surveyed after a project indicated that they would like to continue hosting future student groups. The Bangkok group was profiled in the February edition of Advance, the monthly magazine of AustCham Thailand. Read about it here: http://issuu.com/austcham/docs/ advance_february_2012.

www.gsbe.unimelb.edu.au/ experience/gbp-company-faq.html; or the Global Consulting Project (undergraduate students): www.fbe. unimelb.edu.au/engage/buscomm/ students.html

There are multiple mutual benefits to hosting a practicum. If you are thinking about it, visit our website for further info on the Global Business Practicum (graduate students):

To discuss your organisation’s involvement in hosting a practicum, please contact Matt Sterndale to discuss directly on: mjs@unimelb.edu.au.

The legend of A.G. Whitlam

Photo: Lars Kruse/AU-foto

Every year a fresh cohort of students benefits from a range of A.G. Whitlam Scholarships, awarded at undergraduate and graduate level, thanks to the bequest left by Arthur Gordon Whitlam in 1971. An accountant by trade, Whitlam fought in WWI before going on to become a highly respected lecturer in the Faculty of Business and Economics. Recently, we discovered some lesser-known but very interesting facts about this donor:

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2012 Alumni Preferences Survey – What matters

• Was the uncle of 21st Prime Minister

As part of our quest to keep you informed with news and information that interests you, we are launching the 2012 alumni preferences survey. Knowing what interests and matters to you helps us shape our program of events and activities.

• Was wrongfully convicted of stealing

Take part at survey.alumni. unimelb.edu.au to be entered into the draw for a new iPad!

of Australia, Gough Whitlam • Served as a Lieutenant in France

and Egypt during WWI and receiving items from his fellow officers after sending a trunk home to his father that had been packed by his batman which, unbeknownst to him, contained the offending items • Tracked down his batman in South

Africa ten years later who provided a statement that he had indeed packed the trunk containing the offending items, yet was still unable to receive a full pardon

• Eventually had his name cleared in

1944 and the conviction expunged from the records 28 years after the hasty court martial ruling in France • Was a highly respected lecturer at

the University • In 1971 he bequeathed cash and

investments to the University of Melbourne in order to provide scholarships in Commerce. In semester 1 this year, ten students were awarded A.G. Whitlam Scholarships.

our home

Have you seen The Spot? If you haven’t yet had a chance to visit our state-of-the-art 5-star green rated building, affectionately known by staff and students as ‘The Spot’, feel free to drop by for a short tour. International alumni visiting Melbourne are especially invited to contact our Alumni Relations Manager, Anthea Barry, prior to your visit so we can arrange to show you the new home of Business and Economics at Melbourne. You can contact Anthea on +61 3 8344 2128 or antheab@unimelb.edu.au.

Honours and awards We would like to congratulate the following Faculty alumni who were recognised with Australia Day Honours in 2012:

Member of the Order of Australia (AM) Mr Robert Stewart AM – Bachelor of Commerce (1975), LLB (Hons)(1972) For service to the community through fostering collaboration between business and the tertiary education sector, to health and technology organisations, and to the sport of rowing

Medal of the Order of Australia (OAM)

Mr Brian C Randall OAM – Bachelor of Commerce (1956)

Mr John B Arthur OAM – Bachelor of Commerce (1969), LLB (1968)

For service to the sport of athletics, and to the community

For service to Catholic religious congregations and to Indigenous education through advisory and leadership roles Mr Rex Harcourt OAM – Bachelor of Commerce (1950) For service to the community as an author, researcher and historian, particularly of the founding and early days of Melbourne and Victoria

Companion of the Order of Australia (AC) His Excellency The Hon Alex Chernov AC QC – LLB (Hons) (1967), Bachelor of Commerce (1962) For eminent service to the people of Victoria and to the advancement of higher education, particularly the development of academic and administrative programs at the University of Melbourne, through the establishment of the Australia India Institute, and to the judiciary

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our students

SIFE student Medina Hajdarevic with former Dean, Margaret Abernethy

Students in Free Enterprise Nicole Zappelli It’s difficult to complete an online job application when your country of birth doesn’t appear on the drop-down menu. Born in Bosnia, Medina Hajdarevic’s family immigrated to Australia soon after unrest in that country began. From humble beginnings, hard work has brought Medina to Australia’s top university as well as to winning the presidency of one of the University’s most innovative student groups. Medina has been filling out job applications online in her spare time. Speaking to this passionate and energetic young woman, I wonder exactly when this spare time occurs – apart from achieving excellent grades in her undergraduate studies, Medina spends up to 40 hours per week running Students in Free Enterprise (SIFE). SIFE is a non-profit student organisation that develops community projects to drive social change. SIFE works with high school students, the homeless, social enterprises and even with an orphanage in Ghana. Its aim is to empower people to empower themselves. Using their business and organisational skills, SIFE students develop plans for target groups and teach clients the skills that they need to continue working successfully toward their goals.

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According to Medina, “Our key aim is to create sustainable change. The best way to do this is by empowering people so that they can create their own future; it is the target group’s own hard work combined with their new skills that decides whether their project will succeed.” One of SIFE’s key projects is called Think. Act.Green. SIFE students conduct five workshops each year with groups of students representing nineteen Victorian high schools. SIFE helps these students to identify an environmental problem at their school. Then it teaches them the

skills to research, plan, budget and pitch their sustainable solution. SIFE has gained sponsorship from Shell and HSBC to support Think.Act.Green. Monetary prizes are awarded to the three student groups with the most innovative solutions to their schools’ environmental problems. Students use the funds to implement their solutions. This helps the students see that their ideas, plans and approach can get results. The high school students come away from the experience with the knowledge that they have the power to create positive environmental change in their world. Brooke Young, Director of Marketing and Commercial Engagement at the Faculty

“The passion, drive and enthusiasm of the SIFE team is truly remarkable. It is great to see what can be achieved working in partnership. of Business and Economics, is Faculty Advisor for SIFE. Her role is to motivate the SIFE students, help them connect with sponsors and the community, and facilitate access to resources. Brooke can’t help but be inspired by the SIFE students: “The passion, drive and enthusiasm of the SIFE team is truly remarkable. It is great to see what can be achieved working in partnership. Through SIFE, our students have the opportunity to use their business

skills to empower others. Medina and the rest of the SIFE team are creating positive change in communities. Now that’s what I call inspiring!” For more information on SIFE or to enquire about other student experience and enrichment activities, please contact Brooke Young on 03 9034 2166 or byoung@unimelb.edu.au.

our innovation subjects

my home

content

communities

team members

brainstorming

final answer

The University of melbourne – Ethics in Finance

Teaching Innovation Nicole Zappelli In January this year, the Faculty’s Centre for Excellence in Learning and Teaching (CELT) welcomed a new director – Dr Beverley Webster. An expert in the delivery of tertiary education, Beverley’s impressive resume includes roles at law, business and education faculties at universities across Australia and internationally. Beverley plans to “raise the profile of academic excellence, which will include more recognition and reward of superior teaching at the Faculty”. At present, a key focus of the Faculty is on eLearning. In line with this, the CELT is promoting the use of new technologies to better engage students in class. Beverley states: “We aim to move tutorials away from being minilectures to becoming a forum where students are really engaged in learning.” Tutors are being trained to use video clips inside and outside the classroom, as well as online discussion boards that allow students to post and respond to questions at any time. The Faculty is also creating its first fully online subject. Ethics in Finance is an initiative of the Faculty’s new Dean, Professor Paul Kofman. A pilot program was run earlier this year. This short summer/winter semester course requires students to use ethical theory to analyse six real-life ethical dilemma scenarios. Rather than asking students to read descriptions of the scenarios for class discussion, the CELT created scripts and made a short film for each

scenario. This new delivery method is clearly much more engaging for students, it allows for review, and much of the work can be done at students’ convenience. In addition to the filmed scenarios, students are required to access discussion boards and wikis via the university’s online Learning Management System. A wiki is a website where multiple students can add or delete content via the Internet. Students are placed into teams to work on a group assignment and each team has its own wiki, which looks similar to the format of this magazine page. Under ‘team members’, students add their contact details. In the brainstorming section, they upload notes and ideas. In the final answer section, they work co-operatively on the paper that must be submitted for assessment. As there is a record of who logged

According to Paul: “We believe that the online Ethics in Finance subject provides a flexible, yet highly interactive, eLearning experience where students evaluate real-life ethical dilemmas that are bound to confront them in their future careers in the finance profession. It also provides our students with solid training in the ethics component of the Chartered Financial Analyst program, a much sought-after global accreditation for finance professionals.”

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Tutors are being trained to use video clips inside and outside the classroom, as well as online discussion boards that allow students to post and respond to questions at any time.

in and added each piece of content to the wiki, academic staff members can monitor each student’s contribution to the finished work. The confusion of multiple students emailing and updating multiple copies of documents is overcome. Best of all, staff are able to undo any accidental deletions that occur.

global alumni

BRAZIL bosto

Alumni postcards

The Faculty of Business and Economics has 23,000 alumni in Australia and 17,500 overseas. Here is what some of our graduates are doing now. To update your profile, please send an email to fbe-alumni@unimelb.edu.au

Guilherme Benevides MIB 2009 Specialist / Manager of Portable Light Project in Brazil Sustainability and Innovation Strategy, EDP Energias do Brasil

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After graduating in 2009 I had two goals, to strengthen my career and to contribute to human and economic development. Having a Masters in International Business and previous professional experience in different posts and countries it was a natural move to return to private companies. Shortly afterwards I had the opportunity to combine this activity with a role as project manager of an initiative funded by the Inter-American Development Bank to improve health, education and environmental sustainability in isolated communities in the Brazilian Amazon. My responsibility was to manage all partners, the budget and the implementation of the project with a focus on substituting pollutant sources of energy with solar power. In addition, I was also in charge of coordinating the collection of relevant data that will

support research on energy solutions for isolated communities in the Amazon. In 2011, I moved to Boston to advance my studies at Harvard University. Boston is a fun place with a multicultural and entrepreneurial environment. This was a great opportunity to meet interesting people, to learn and to widen my world view. Back in Brazil, I am now working for a multinational corporation on the development of the first smart city in the State of S達o Paulo and, despite the distance, I remain in touch with good friends from Melbourne via the internet. Guilherme was the recipient of the AG Whitlam Scholarship, a full scholarship granted by the Faculty, thanks to a bequest, while studying at the University of Melbourne.

Jennifer Romero-Torres MAF 2000

Finance Specialist, Asian Development Bank Manila, Philippines

Manila

It has been almost 12 years since I obtained my Master of Applied Finance degree at the University of Melbourne. Soon after graduation in 2000, I moved to Sydney where I spent eight years working in the consulting and banking industry. I worked for Ernst & Young Corporate Finance, and then moved to institutional and investment banking with ANZ and Bank of Scotland International. I moved back to the Philippines five years ago when I joined the Asian Development Bank (ADB) to work as a Finance Specialist in the Financial Sector, Public Management and Trade Division in the South Asia region (covering countries that include India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka) doing capital markets and infrastructure financing work.

My husband, Adrian Torres, who I met in the same masters program at Melbourne University joined ADB in 2010 after working several years in consulting and institutional and investment banking in Sydney with Andersen Consulting, Westpac Institutional Bank, Societe Generale and ANZ Investment Bank. He is now working as a Senior Finance Specialist in the Central and West Asia region (covering countries that include Afghanistan, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkmenistan and Uzbekistan). Both Adrian and I are keen to meet with our fellow alumni in the Philippines and share our wonderful experience in Melbourne with prospective students.

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ADB is a multilateral finance institution headquartered in Manila that focuses on international development work in Asia and the Pacific with the aim of reducing poverty. Like other multilateral development institutions, such as the World Bank/IFC,

the European Bank for Reconstruction and Development, the African Development Bank and the Inter-American Development Bank, ADB is focused on delivering projects and reforms that create economic and development impact to its developing member countries.

career mentoring

Mentor Vinay Venkataramaiah (MBIT 2009) with his mentee, Masters student Hai Zhu

making a difference A full-time consultant with his own start-up on the side, Vinay Venkataramaiah is a busy man. Yet since 2008, Vinay has enthusiastically devoted a few hours per month to the Faculty of Business and Economics’ Career Mentoring program. Nicole Zappelli finds out why.

So what exactly does mentoring involve?

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According to Vinay, there are three main reasons to become a mentor. First, to help people – we all feel good when we give a little back. Second, to keep your finger on the pulse – mentors form strong relationships with their student mentees. This provides them with direct knowledge about what today’s student thinks and feels, as well as access to a pool of potential recruits from Australia’s top university. Third, to maintain a strong link with the Faculty itself – through the mentoring program, Vinay has formed enduring relationships with the Faculty staff. When Vinay needs to recruit new graduates, he can go straight to his contacts at the Faculty, who are able to provide a list of high-achieving potential employees.

In the information age, we are all timepoor, so Vinay conducts his mentoring sessions as efficiently as he would any business meeting. Vinay believes that networking is the key to success in all fields of business today, so he arranges

for all of his mentees to attend his sessions together. That way, they can meet and support each other, as well as connecting to each others’ existing networks. Vinay gives his mentees tips on CV design, how to write cover letters and interview skills. He tells them about what his industry is really like and what he does in daily work life. This real-world knowledge fills a gap that students cannot fill in a lecture hall or tutorial room. A student may be intelligent and hardworking, but – especially if their parents are not in business – it can be difficult to gain a working knowledge of their preferred industry. Vinay encourages his mentees to build their social and professional networks and to try to gain experience that will make them stand out from the crowd. Vinay’s mentee, Hai Zhu, recently undertook the Global Business Practicum subject, which involved a trip to Malaysia to work on a real-world business case. “When employers see an experience like this on a CV,” says Vinay, “they see flexibility, a willingness to get out of

This real-world knowledge fills a gap that students cannot fill in a lecture hall or tutorial room. the comfort zone, to experience other places and cultures. This is exactly what employers are seeking, once the basic academic skills have been proven.”

The proof is in the pudding I arrange to meet Hai Zhu at a cafe near the University. As I stand near the entrance, a young man approaches me confidently and asks my name. Hai answers each of my questions clearly and authoritatively, without any hesitation. Thus, I am extremely surprised to hear him say, “I was so shy before I met Vinay. At our first meetings, Vinay was always the ice-breaking guy.” So how did Vinay manage to transform a shy international student into the impressively extroverted young man I see before me today?

A mentor can really give young students an edge by building their confidence.

Actuarial alumna Viola Chan (BCom Hons 2011)

“Vinay told me,” Hai says, “if you really want to build your career in banking, you can’t be shy. You have to build up your social network.” Vinay concurs, “Most students – especially international ones – are extremely shy and reserved. A mentor can really give young students an edge by building their confidence.” Vinay and Hai often meet at the University

Have you considered becoming a mentor? Close to 200 alumni have taken part in the Faculty’s career mentoring program since it started. Intake for the 2012 program is now closed, but for more information please visit: www. gsbe.unimelb.edu.au/careers/ employers/mentor.html. Alternatively, contact Kristin Baumann: kbaumann@unimelb.edu.au or 03 9035 5874.

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Vinay treats his mentees like or in Vinay’s office with his other mentees friends. They have meetings over lunch, over afternoon tea or drinks, at the university itself or in Vinay’s experience and industry knowledge to office. By getting to speak with secure an exceptional graduate position. an industry professional in a variety of relaxed environments, as well as visiting a And as for Vinay? “I have an extensive workplace themselves, students learn to network of young professionals from relate to older professionals comfortably – around the world. In my full-time job as well without the nervousness that so many of as for my own start-up, I am often looking us felt when we were first starting out. to hire recent graduates. As a result of my involvement in mentoring, I have a growing A win-win relationship pool of talent at the ready. But even more Hai Zhu will graduate this year with importantly, I feel good about having been an outstanding academic record. As able to provide really valuable assistance a result of Vinay’s mentoring, Hai now and encouragement to someone whose has the confidence, networks, overseas shoes I stood in not so long ago.”

executive education

Partnership fills the gaps in the not-for-profit sector Danielle Roller At the Graduate School of Business and Economics (GSBE) we believe executive and indeed any ongoing education is an integral part of every professional’s development. In an effort to ensure that access to the quality programs offered by the GSBE was not limited to those who had the budget to spare, in 2011 the GSBE partnered with the Australian Scholarships Foundation (ASF) to offer two scholarship places in each of our Open Programs to individuals working in the not-for-profit sector. With the generous support of alumni and donors the suite of scholarships is expanding every year. According to ASF CEO Amy Lyden this partnership has broad benefits outside the not-for-profit sector: “All Australians are touched at some point in our lives by NFP organisations. They do the difficult and valuable work that the government and private sector will not. And everyone in the community benefits when the sector runs more efficiently.” In 2011 the Australian Scholarships Foundation facilitated more than 600 scholarships worth over $1.6million, from one-day courses to masters programs and this number is sure to grow.

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Amy is a passionate advocate of continuing education. “Education has the power to transform people, organisations and communities. However, the NFP sector runs so incredibly leanly that most organisations simply do not have the funds to train and develop their staff. In the for-profit world it is commonly

accepted that investment in staff training will deliver better results (in lower turnover, higher morale and greater productivity and profit). It will do the same in the NFP sector. ASF has formed to address this major problem and the mission of ASF is to strengthen the NFP sector and help make it more effective. “We have found that demand for short executive courses focusing on practical skills exceeds demand for postgraduate masters and graduate diploma programs. People working in the NFP sector are

In October 2012 the government will introduce a much-needed national regulator for the NFP sector, the Australian Charities and Not-for-profits Commission (ACNC). The introduction of the ACNC will attempt to unify a myriad of regulations that differ from state to state. “With the introduction of the ACNC, there will be a greater demand for accountability and compliance. We have already seen a growth in demand for courses in governance for NFP boards. With the sector anticipating the upcoming

All Australians are touched at some point in our lives by NFP organisations. They do the difficult and valuable work that the government and private sector will not. And everyone in the community benefits when the sector runs more efficiently. looking for a short course where they are able to implement their learnings straight away. Access to GSBE’s executive programs means that managers can utilise these valuable courses to help improve their organisations.” The ASF concentrates on offering scholarships in business disciplines, as that tends to be the area of most need for not-for-profits. Amy Lyden says demand for practical, hands-on business education is likely to increase still more, with some changes about to impact on the sector.

changes as a result of the establishment of the ACNC many NFPs are educating themselves, particularly in the area of governance. ASF received over 1500 applications for 400 places in a oneday governance course for NFP board members last year.” Amy Lyden says she is delighted with the continuing partnership between ASF and the GSBE. “By providing scholarships to the NFP sector, GSBE is helping NFPs manage better and become more effective.”

alumni council

Alumni Council update Since its establishment in December 2010 the Faculty’s inaugural Business and Economics Alumni Council has been working very closely with the Dean and Advancement team on all areas of alumni relations to support a lifelong connection with our global alumni community.

Angus Barker

In April, Chris Leptos stepped down as Co-Chair of the Council, although he still remains a member, and Angus Barker was appointed as new Co-Chair alongside The Hon. Jim Short. Chris has been instrumental in driving the direction and energy of the Council in these first crucial months, and in ensuring that activity is aligned with that of the Faculty’s Advancement Team. Two Deputy Chairs were appointed, Ms Gloria Goh in Malaysia and Ms Michelle Di Fabio in Melbourne. During the year we also welcomed two new members to the Alumni Council, Ms Cate Pickett in Melbourne and Mr William Zhang in Shanghai. Some of our work over the past year has included:

The Hon. Jim Short

• Continuation of the Alumni of Distinction Awards program, with four alumni awarded in 2012

• Development of alumni philanthropic participation targets • Expansion of international alumni engagement • Further planning for cohort-specific alumni reunions in Melbourne. We will again be holding elections for three places on the Business and Economics Alumni Council later this year. Nomination to stand for election and voting is open to all alumni of the Faculty of Business and Economics (in Australia and internationally). Further communication about the elections will follow from the Faculty but we strongly encourage all alumni to participate to ensure a truly representative council. We value the thoughts and feedback of all of our alumni, so please do get in touch with us via the Advancement team (details inside front cover) if there is anything that you wish to discuss or contribute. The Hon. Jim Short (BA/BCom 1961) and Angus Barker (BCom Hons 1991) Co-Chairs, Business and Economics Alumni Council

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• A complete review of existing activities and the development of a new engagement structure based on the needs of alumni and aligned to the four categories of social reconnection, life-long learning, career/professional development, and volunteering/giving back

• A successful alumni dinner held in Kuala Lumpur under the direction of Gloria Goh, Alumni Council Deputy Chair in Malaysia

entrepreneur feature

The Business of Beauty

Anthea Barry

BCom/BA graduate Emily Hamilton recently launched a unique concept into the Singaporean beauty market. Seeing the market moving to the online space but frustrated by the lack of tactile experience offered to the consumer, the idea of Bellabox was born. The concept behind Bellabox is simple. It is a monthly membership where customers receive a curated box of luxurious high-end beauty items to try, including cosmetics, hair products, skin care ranges and more. If you receive something you like, the full-sized product can be purchased on the Bellabox website, earning you loyalty points. The benefits for suppliers are obvious. Offering an engaged and trackable customer base that allows companies to target what they are promoting to whom, getting brands on board has happened with relative ease. Unlike receiving a free product sample in a magazine or in-store, when you sign up as a subscriber, Bellabox allows you to create your own beauty profile and each box you receive is tailored, meaning you won’t receive products that you don’t want. We caught up with Emily on a recent trip home to Melbourne to find out more about the business and what inspired her to take the plunge. Breaking new ground is not new to this entrepreneur. Since completing a Commerce and Arts degree at the University of Melbourne, Emily has spent nine of the last twelve years outside of her native home, Australia.

She is used to taking risks to follow her dreams, no matter where they take her. She has worked in the pharmaceutical industry in Switzerland, completed a master’s degree in European Communications in Amsterdam, and worked in the advertising industry in London and the start up scene in Berlin. After six years in Europe, she was finally sent back home to Australia to work as a consultant for News Corporation’s

subsidiary, Fox Mobile. It was also the perfect time to found a company, a lifelong dream. She started a media buying, media production and advertising agency in Melbourne. A year later in 2007, she founded her second start up, Teracomm, in Melbourne and then moved the business to Singapore in 2008 in order to capitalise on the growth in the Asian region. The company specialised in mobile value added services and grew to 20 employees operating in five different territories. After three years, she decided to take on a new challenge – e-commerce.

Seeing a great opportunity both in Singapore and back home in Australia, Emily flew to New York, recruited twin sister Sarah to head up the Australian company, and the two started from the ground up promoting products which they liked and used themselves.

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The two companies operate separately to cater specifically for the local market. Setting up each locally came with its own challenges. Coupled with a low unemployment rate, getting established in the high-risk beauty industry in Singapore was one of the biggest obstacles to overcome, together with the fact that Bellabox deals exclusively

In an industry dominated by big-name brands, Bellabox sets itself apart by focusing on cult brands, showcasing new and niche lines.

In June 2011 Emily started researching the feasibility of launching the new business model on which Bellabox is based into the local market.

from logo to letterhead to brand strategy and beyond.

Now employing four staff in Singapore and seven in Australia, one of the first tests for Bellabox was finding good talent in a very niche market. Until this point, Emily and Sarah were responsible for developing everything for the business –

with authorised distributors and avoids the large grey market. Getting the company to really take off – the customer base has grown 30% in the five months since it was launched – has been all about research, finding out what people are talking about and creating an online buzz. Viral marketing via blogs and online beauty magazines has been an effective strategy, and building relationships within the industry has been crucial, with most of Bellabox’s advertising coming through partnerships. In an industry dominated by big-name brands, Bellabox sets itself apart by focusing on cult brands, showcasing new and niche lines. Each month the boxes are created with TLC around a theme – and what’s inside is a surprise. In Australia in particular, the current depression of the physical retail industry means many companies are willing to try new and unconventional approaches to marketing – and it is paying off. Data on customers compiled from their Bellabox beauty profiles is offered to partners so that they can target which products to promote. For those who love trying out new products and like nothing better than getting a surprise parcel in the post, Bellabox has arrived just in time. To see what it’s all about go to www.bellabox.sg if you’re in Singapore or www.bellabox.com.au if you’re in Australia.

our vision

THREE GOALS, ONE VISION The Faculty of Business and Economics is internationally recognised for its academic achievements, the attractiveness of its programs, the quality of its students, and its contribution to its local and global community. To enhance and develop the Faculty’s world class position strategic investment has been made in Development. Over the past 12 months the Faculty has recruited, and welcomed, two experienced professionals who seek to build relationships with those who believe in the work of the Faculty; to create opportunities for the Faculty’s widest communities to recognise its achievements and help it to grow; to drive a proactive approach to the reality of present university funding, to which private support and philanthropy are ever more important; and to help the Faculty’s passionate supporters and the University influence the culture of philanthropy in Australia. With these bold ambitions Stephen May, Director of Advancement, and Ali MacLeod, Manager Fundraising and Major Gifts, spoke about the exciting fundraising objectives of the Faculty. Simply, three goals, one vision – to give bright minds a brilliant future.

Mr Stephen May

Ms Ali Macleod

Director, Advancement, Faculty of Business and Economics

Manager, Major Gifts and Fundraising, Faculty of Business and Economics

Stephen joined us in July 2011 to provide overall leadership across the areas of alumni relations, scholarships and fundraising for the Faculty. Prior to this, Stephen led the Epworth Medical Foundation, the fundraising arm of the Epworth organisation. He has a diverse and extensive career across the not-for-profit and hospitality sectors in marketing, business development and fundraising.

A professional fundraiser since 2002, Ali joined the team in October 2011. Hailing from Scotland, Ali’s previous role was as Senior Development Executive at the University of Aberdeen, which has just completed its Sixth Century Campaign, raising in excess of £240m.

Stephen can be contacted on: +61 3 9035 3547 (office) +61 (0) 418 591 310 (mobile) or may.s@unimelb.edu.au

Ali can be contacted on: +61 3 9035 3302 (office) +61 (0) 0478 407 053 (mobile) or ali.macleod@unimelb.edu.au

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Stephen has held senior marketing and fundraising roles with major disability charity Scope, as well as with Alzheimer’s Australia and the Royal Botanic Gardens. Prior to moving into the not-for-profit sector Stephen held senior positions in the hospitality sector, including owning and operating one of Melbourne’s best loved food establishments.

Ali’s career has also included senior posts with Macmillan Cancer Support and the British Red Cross. She has also worked internationally on various development projects including a posting to the Middle East with the Jordan Red Crescent. Working in partnership with the ICRC and McGill University (Montreal) Ali worked across Jordan, Israel and the Palestinian Territories with the aim of developing sustainable income sources for a groundbreaking community advocacy project. Ali is enjoying new challenges – and better weather – in Melbourne.

our vision

Excellence, Opportunity, Innovation. These goals underpin the Faculty’s vision to give bright minds a brilliant future so that we will continue to lead the way and shape the future.

The Faculty’s desire is to attract and inspire the brightest minds – to learn, to teach, to engage in research, and above all, to make a positive impact on society, locally and globally. The world is experiencing vast economic and political change and the spheres of influence are rapidly shifting towards Asia. It is critical that innovative thinking can flourish and outstanding teaching can be delivered so that we prepare tomorrow’s leaders for the challenges posed by this new future. In order to achieve this vision, Stephen highlights the vital support of alumni: “Through the help of visionary donors and corporate and community partners, we can influence and deliver world-leading research and leaders, thus changing lives, changing organisations and changing our world. “To ensure we assist those bright minds and to maximise the possibility of creating a better future for our society, the Faculty of Business and Economics has created specific goals in the key areas of excellence, opportunity and innovation.”

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When questioned why the Faculty desires to target these three areas, Stephen explains, “We believe that by focusing in these spheres a decisive change can be made to lives of individuals and the future direction of our society.” In a career which has spanned several continents and a range of charities, Ali has seen first-hand the way that opportunity changes lives. She explains how this translates into the work the Faculty is doing: “With philanthropic support, we can deliver opportunity to the best and

brightest minds – to people who will fully maximise the experience of university, derive the most from their education and who will enrich the society around them. The Faculty is committed to building one of the most diverse student bodies in the world, thus changing the face of elite business and economics education. Scholarships, at undergraduate and graduate levels, are based on academic merit and potential and provide invaluable

“International rankings consistently confirm the University of Melbourne and the Faculty of Business and Economics as a world leader in teaching and research. This has been achieved by the quality of our people and our energetic drive to ensure we have capacity and capability to address key social and economic challenges. Academics working in our Faculty seek solutions to global challenges facing industry, government and society. Our mission is to lead debate, shape policy

“Through the help of visionary donors and corporate and community partners, we can influence and deliver world-leading research and leaders, thus changing lives, changing organisations and changing our world. funds which widen access, encourage excellence, open up opportunities and generate pride and reputation for scholars. Support in the sphere of opportunity can also create bursaries that significantly assist in breaking down the financial barriers that can inhibit students from disadvantaged and non-traditional backgrounds participating in tertiary education. Ali’s message to the Faculty’s current and future supporters is that “your support will ensure equity of access to our degrees is delivered and a diverse talented body of business scholars is supported.” When asked to elaborate on the goal of excellence, Stephen comments that in this sphere the goals of the Faculty are strategic and driven.

and educate future leaders who will challenge the way we do business, and drive the economic and social policies that will affect our future. “We are seeking answers to the big questions. This Faculty is charting new courses in the fields of experimental economics, neuro-finance and global markets. We are pursuing research that will have a powerful impact and whose results could resonate across the global fields of business and economics. Support for our research enables our researchers to push and expand the boundaries of our knowledge, drive policy, shape practice and change lives.” On the third goal of innovation, Ali highlights the key role the Faculty has played in building the University’s

Yes! I want to support: Dean’s Fund Access & Support Research Scholarships Here is my single gift of: $1,000

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Name as appears on card: international reputation as an innovative and dynamic institution. “The Faculty strongly recognises that innovation delivers real benefits to society,” she says. “We are deeply attuned to creating an atmosphere that engenders innovation. We have pioneered unique international study and internship experiences, mentoring programs and community partnerships, and have led the development of a unique curriculum across all subjects that recognises learning as a process that occurs through experience, understanding and testing.” Ali is quick to point out the impression that such an approach has on students: “Such processes work towards driving students to look for innovative approaches. Instilling innovation in the fibre of the Faculty and the student body demands a relentless focus and continued support.” The Faculty of Business and Economics is focused on delivering excellence, opportunity and innovation in all that we do. Your support for the Melbourne Foundation for Business and Economics will help achieve this mission.

In publications and donor honour rolls, I/we wish my/own name to read as follows:

Please do not publicly acknowledge this gift You can also donate online at www.unimelb.edu.au/alumni/giving2012 I am interested, please contact me about: Leaving a bequest and creating a lasting legacy Reconnecting and engaging through alumni activity Further opportunities to support excellence, opportunity and innovation Your contact details Name: Address:

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Thank you for your support! The University of Melbourne Advancement Office Tel +61 3 8344 1751 Fax +61 3 9348 0013 Email gift-processing@unimelb.edu.au web www.unimelb.edu.au/alumni/giving2012

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If this article has stirred your imagination or motivated you to invest in our future please complete and return the attached donation form, or call Stephen or Ali if you’d like to discuss opportunities to help us to make that difference in more detail.

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our donors

Donor Roll of Honour The support of our donors enables the Faculty of Business and Economics to deliver the highest standard of education excellence – thanks to an extensive scholarship program, state-of-the-art teaching and learning facilities, and world-class academics. We would like to thank the following people – and also those who wish to remain anonymous – for their donations and support during 2011/2012 and commitment to the future development of the Faculty:

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Professor Margaret A Abernethy Mr Alex Abernethy Mr Dudley A Adcock Mrs Fiona C Adler and Mr Ross Adler AC Ms Jo M Agnew Mr John Agostinelli and Mrs Jacinta Agostinelli Ms Elizabeth A Alexander AM Mr Boyne Alley Mr Charles M Amalfi Mr Thindika R Amarasekara Ms Carolyn Anderson Mr Duncan G Andrews Mr Campbell D Andrews Mr Ang Shin Khoon Mr Richard W Armstrong Mr Justin R Arter The Late Mr Ian G Baker Mr John D Balmford and Mrs Dagnija Balmford Mr Ross E Barker Mr Angus J R Barker Mrs Susan Barker Ms Stephanie L Barr Mr Paul M Bassat Mr William T Baylis Miss Glenda M Beale Mr Michael Bedwell Dr Simon J Bell Gloria Bellion Mr Christian D Bennett Ms Renata Bernarde Mr Neville J Bertalli and Diana Bertalli Mr Robin M Bishop Mr Bruno Blosfelds and Mrs Denise Blosfelds Mr Trevor N Bradley Mr Bruce Bray and Mrs Liz Bray Mr Andrew Breckler Mr David Brooks Mr Malcolm W Broomhead Ms Fiona J Brown Emeritus Professor Maureen Brunt AO Mr Graeme L Bryce Mr David Buckingham Mr Nick Bull and Family Mr Anthony R Burgess Mr Michael S Burn

Mr David S Burnet Mrs Nancy J Burns and Mr Frank L Burns Mr Matthew Caddy Mr Ross A Cameron Mr Terrence A Campbell AO and Mrs Christine J Campbell Ms Clare V Cannon and Mr Andrew M Cannon Mr Lou Capparelli Mr Alex Cartel Mr Colin B Carter OAM and Mrs Angie Carter Mr Boyd Carter Mrs Norah J Casey Mrs Rose-Mary J Cassin Mr John R Chanter Mr Jason A M Cheng His Excellency The Hon Alex Chernov AC QC Dr Kia Ngee Chew Mr Teck Soon Chew Ms Oi Meng Chi Mr Mark Z Chiba and Ms Lisa Herrell Chiba Kathryn Chiha Ms Ai-Ling Chin Mr Esmond L G Choo Mr Ivan N Clyne Professor Deborah Cobb-Clark Mr John S Collingwood Mr Jonathan R Cosgrove Alana Crawford Ms Sue Cunningham and Mr Howard Moore Mr Ian Curry Professor Glyn C Davis AC Ms Michelle D Di Fabio Professor David C Dickson and Ms Vivien Dickson Mr Anthony D Dimasi and Ms Mandy Dimasi Mr Timothy K Dixon Ms Suzanne R Dixon Mr Chris Dobb Dr Leo Dobes and Mrs Alice Dobes Mr Franz J Doos and Mrs Patricia Doos Ms Jennifer A Douglas Ms Andrea M Douglas Mrs Eleanor Douglas

Mr Gregory J Doyle Mr Craig M Drummond Mr Alan T Dunn Ms Paula J Dwyer Ms Katrina F Efthim Mr Jonathan R Elliot Ms Kaye M Fletcher Mr Eric R Forrest Mr Elmer Funke Kupper Mr Baden C Furphy Mr Gan Tee Kian Professor Ross G Garnaut AO Mr James A Gatehouse Mr Glen M Gersch Mr Philip E Giltinan Ms Gloria E Goh and Mr Sunny CH Lee Mr Lige Gong Mr Timothy A Gough Mr Timothy D Greene Mr Ronald J Griffin Mr Fred S Grimwade and Mrs Alexandra J Grimwade Professor Bruce Grundy Mr Maxwell E Hagger Mrs Jennifer J Hamilton Mrs Barbara J Hammon Tan Sri Wan Azmi W Hamzah Mr Andrew J Hancock Mr Charles Happell Mr Simon E Harle Professor Anne-Wil Harzing Mr James B Hatherley The Late Edward C Hauser OBE Mrs Mary C Hawkes Mr Geoffrey R Hindle Mrs Judith H Hindle Mr Michael J Hirst Mr Ho Yew Pun Mr Bryan Hoy and Mrs Joan Hoy Mrs Rosemary Hume (nee Johnson) Mr Marc Huninik Ms Kim Huey Hwang Mr Dean R Ireland Prof Emeritus The Hon Joseph E Isaac AO and Mrs Golda Isaac Mrs Sansanee Jansubbakich and Mr Bhuchong Jansubbakich

Mr Christian W Johnston Mr Damien Johnston Mr Mark A Joiner Mr Trevor L Jones Mr William Jones Mr Larry Kamener Ms Mimi K M Kang The Hon Rod Kemp Professor Paul Kofman and Associate Professor Guyonne Kalb Mr Jamarson Kong Ms Siew Kong Ms Sianny Kuswanto Mr Andrew G Lane and Ms Shelley M Watson Mr Barrie E Laws Dr John Leaper and Mrs Jenny Leaper Mr Edmond K Lee Mr Chris Leptos AM and Ms Julia Trafford Rodd A Levy Mrs Helen M Lloyd Mrs Leanne Loh Mrs Sheila M Loudon Mr Gilbert W Loughman Mr Ian H Loxton Professor Bryan Lukas Professor John D Lyon Mr Ben Macdonald Ms Ali Macleod Mrs Maria Makris Mr Ken Mawson OAM Mr William D McFadyen Mr John L McInnes OAM Ms Michelle E McLean Mr John M McMahon Mr Ankit Mehta Mr John Micklewright Mr Edward Miller and Mrs Anne Miller Mr Anthony J Miller Mr Gordon J Milne Mr Kenneth J Moncrieff Mr Peter Monkhouse Mr Richard M Morgan AM Mr Hugh M Morgan AC and Mrs Elizabeth Morgan Dr Philip A Morgan Mr Peter E Morriss OAM

excellence opportunity innovation Mr Andrew E Morse Dr Rosemary A Mulraney Colonel Paul Mulraney CSC Mr Bruce L Murray Mr Baillieu Myer AC and Mrs Sarah J Myer Mr Rupert Myer AM and Mrs Annabel Myer Mr Dennis C Myler Mr Peter S Nash Mr Richard Neville-Smith Mr James Neville-Smith Mrs Pamela A Newlan The Newlan Family Mr Cheng Xun Ng Mr Philip M Norman Dr William E Norton Mr James H Nott Professor Nilss Olekalns Mr Tom Orange Mrs Marion O Page Mr Edwin J Parker Mr Neil C Pathak Professor Jim Perkins Ms Vi L Peterson Mr David S Potaznik Mr Joseph T Prowse Ms Sarah Quek Wei Ting Dr Tjahaja J L Riady Mr Emile Rochman Mr Ian Saines Mr Derek Sawer Mr Peter D Scanlon Mr Brady Scanlon Mr Pieter C Scheffers Mr Peter Scott and Ms Anna Scott Mr David Senior Professor Graham Sewell Mr John W Shaw The Hon Jim Short and Ms Jan M Rothwell Short Mr Geoff Slade Mr Maurice Smith Mr John L Soper Professor Nasser A Spear Mr Barry J Stagoll Mr Rohan L Stanton

We would like to thank and acknowledge the support of the following Trusts and Foundations: Bertalli Family Foundation Dawn Wade Foundation Drummond Foundation Lord Mayors Charitable Fund P & S Bassat Family Charitable Foundation Sports Administration and Development Ltd The Aranday Foundation The Howard Norman Trust Yulgilbah Foundation We would also like to thank and acknowledge the support of the following organisations: AIA Australia Amtrade International ANZ Aciano Ltd Asialink Australian Finance Conference Avalon Place Aviva Investors Bain & Company Bank of America Merrill Lynch Bank of Melbourne Bendigo and Adelaide Bank BHP Billiton The Big Group BlueScope Steel BML Booz & Co Commercial Travellers’ Association CommInsure Commonwealth Bank Cooper Investors CPA Australia Crown Limited Department of Education, Employment and Workplace Relations Deloitte Department of Primary Industries Department of Treasury & Finance Deutsche Bank Deutsche Group Services The Economic Society of

Australia Egon Zehnder International Ernst & Young The Financial Management Association of Australia (FMAA) Financial Services Institute of Australasia Flagstaff Partners Forethought Research Foster’s Group Franklin Templeton Investments Gandel Group Gilbert + Tobin Goldman Sachs IBISWorld The Institute of Chartered Accountants in Australia The Institute of Actuaries of Australia J.P. Morgan Kerogen Capital Kidder Williams Limited KordaMentha KPMG Lippo Group Macquarie McGrathNicol Motorpass Mutual Trust Pty Ltd Myer NAB Oracle Pacific Brands PwC Pitcher Partners PPB Advisory Protiviti Ranchwood Holdings Pty Ltd Scanlon Foundation SEEK SG Hiscock & Company Sothertons Tabcorp Holdings Ltd Taxpayers Australia Taylor Fry Toll Towers Watson TPG Treasury Wine Estates UBS VFMC Wesfarmers Westpac Group

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Mr Solomon H Solomon

Mr Selby K Steele AM Mr Kevin M Stevenson Mr John I Stragalinos Ms Lee Ping Tan Mr Bert Tan Mr Scott M Tanner Mr Murli K Thadani Mrs Padma Thadani Mr Craig A Thompson Mr Michael Thornton Mr Paul Thorpe-Apps Mr Alan G Topp Mr William J Traill Mr Hartmann Trefz Miss Lisa Tripodi Mr Darrell A Wade Ms Anne L Warren Mr Allan B Waugh OAM Mr Geoffrey C Webster Mrs Helen Wedd and Mr John Wedd Mr Bruce C Weeden Howard Welsh Mrs Janet B West AM Mr Paul L Wheelton OAM Professor Gregory J Whitwell Ms Kerry-Leigh Willcock Professor Ross Williams AM and Dr Lynne Williams Professor Philip Williams and Mrs Elizabeth Williams Mr Edward Winter Mr Perk Chong Wong Mr Alan Wong David Wong Mr Vincent Wong Mr Yu T Wong Mr Clive H Worrall Professor Emeritus Ken Wright Mr Alex Yakovlev Miss Henrietta Yap Dr Peter W Yates AM Ms Brooke M Young and Associate Professor Charles G Young Mr Harrison Young Ms Sigourney Young Mr Cheng Yuen Cheng Mr Simon J Yuncken Mr Nick Zisis

achievements

Margaret A Abernethy 1967 Became a volunteer for the Canadian University Overseas,

teaching in secondary schools in Jamaica and Guyana 1982 Qualified for Admission to the Australian Society of Certified

Practising Accountants 1983 Graduated with Bachelor of Economics (Honours) 1989 Completed PhD on the design and use of management control

systems in public hospitals 1992 Joined the Faculty of Business and Economics as a Senior

Lecturer in Accounting 1995 Appointed to Executive Council (Editor) of the Accounting

Association of Australia and New Zealand 1997 Appointed Professor in Managerial Accounting 2000 Appointed Head of the Department of Accounting and Finance

in the Faculty of Business and Economics 2004 Became Dean of the Faculty of Business and Economics to

provide leadership to more than 600 staff and 7,000 students 2007 Established inaugural Business and Economics Board 2008 Designed and implemented the ‘new generation’ BCom as

part of the Melbourne Model – what is often cited as the most significant change in higher education in the last 50 years

Named Telstra Business Woman of the Year for the Community and Government sector in recognition of her contribution to higher education

2009 Commissioned new 5-star Green building, now

known as The Spot, to house the Faculty 2010 Officially launched new graduate school –

Graduate School of Business and Economics

Was named Sidney Myer Chair of Commerce

Established inaugural Business and Economics Alumni Council

2011 Oversaw process resulting in Faculty

receiving AACSB accreditation, making the University the second only in Australia to achieve the recognition

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Elected Fellow of the Academy of Social Sciences in Australia

2012 Stepped down as Dean of the

Faculty of Business and Economics in March 2012 and took up position as inaugural Sir Douglas Copland Chair of Commerce

photo: Chris Budgeon

Paul Kofman 1986 Ran his first marathon. Today he is a dedicated ultra-marathon runner. 1987 Awarded Master of Economics from Erasmus Universiteit Rotterdam. Thesis

entitled “Portfolio management from an arbitrage perspective: applied to swaps” 1991 Awarded PhD from Erasmus Universiteit Rotterdam. Thesis entitled

“Managing primary commodity trade – on the use of futures markets” 1994 Moved to Australia from the Netherlands

Appointed Lecturer in Econometrics at Monash University

1995 Invited as a guest lecturer in the Actuarial PhD program at the Wharton School, University of Pennsylvania 1996 Awarded Sydney Futures Exchange Derivatives Award (for best Derivatives Paper at the Australasian Finance

and Banking Conference, Sydney) 1997 Appointed Associate Professor of Finance at University of New South Wales 1999 Appointed Professor of Finance and Economics at University of Technology, Sydney 2001 Joined the Faculty of Business and Economics as a Professor of Finance. Appointed Deputy Head

of Department of Finance 2004 Founded the Melbourne Derivatives Research Conference series which today has evolved to the annual

Finance Down Under Conference, the premier annual finance conference in the Asia-Pacific region 2005 Founding Member of ARC Financial Integrity Research Network and Younger Researcher Program Director 2006 Appointed Head of Department of Finance, Faculty of Business and Economics

Instituted the annual State of the Department speech built around the titles of popular cooking shows, movies and musical performers

2008 Founding member of the Society for Financial Econometrics 2009 Along with two University colleagues, Paul won the team competition

in the ‘stair climb’ race up Eureka Tower

Organized the World Meetings of the Society for Financial Econometrics

2012 Developed the Faculty’s seminal wholly online subject “Ethics in Finance” 2012 Appointed Dean, Faculty of Business and Economics

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2010 Appointed Deputy Dean, Faculty of Business and Economics

alumni events

Upcoming Events REUNIONS 28 August BCom ’78 – ’82 Alumni Reunion Dinner A reunion for alumni who studied at the Faculty between 1978 and 1982 Venue: University House @ Woodward Conference Centre, Level 10, 185 Pelham Street, Carlton Time: 6.30 – 10.00pm 30 August BCom ’85 – ’89 Alumni Reunion Dinner A reunion for alumni who studied at the Faculty between 1985 and 1989 Venue: University House @ Woodward Conference Centre, Level 10, 185 Pelham Street, Carlton Time: 6.30 – 10.00pm 18 October 2012 40+ Alumni Annual Reunion Luncheon Venue: University House @ Woodward Conference Centre, Level 10, 185 Pelham Street, Carlton Time: 12.00 – 3.00pm 22 November 2012 BCom ’07 – ’11 Young Alumni Reunion Party Venue: TBC Time: 6.30 – 10.30pm Please refer to the online alumni events calendar for further details on reunions as they become available: www.fbe. unimelb.edu.au/alumni/events.html

21 June 2012 Malaysia Annual Dean’s Dinner Venue: Kuala Lumpur Golf and Country Club, Malaysia Time: 6.30 – 10.30pm 4 July 2012 FBE / CPA Australia International Alumni Master Class Series Shanghai Speaker: Professor

Simon Bell, Department of Management and Marketing Topic: “Letting your customer into the kitchen: Co-creating value for competitive advantage” Venue: Room 6 & 7 Business Centre, 65/F Plaza 66 Tower 1, 1266 Nanjing West Road, Shanghai Time: 6.30 – 9.00pm Kuala Lumpur Speaker: Professor

Bryan Lukas, Department of Management and Marketing Topic: “Modern SWOT analyses” Venue: Suite 10.01, Level 10, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur Time: 6.30 – 9.00pm Ho Chi Minh City Adam Barsky, Department of Management and Marketing Topic: “Positive leadership approaches to managing absenteeism” Venue: Grand Hotel Saigon, 8 Dong Khoi Street, District 1, Ho Chi Minh City, Viet Nam Time: 6.30 – 9.00pm Speaker: Dr

These classes constitute 2.5 CPD hours 7 July 2012

INTERNATIONAL ALUMNI EVENTS 12 June 2012 Public Lecture in Malaysia by Professor Margaret Abernethy Venue: CPA Australia, Kuala Lumpur Office Time: 6pm

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20 June 2012 Singapore Annual Dean’s Dinner Club, Singapore Time: 6.30 – 10.30pm Venue: Tower

Melbourne Leadership Series in Hong Kong Venue: Happy Valley Racecourse, 6/F, Happy Valley Stand, Hong Kong Jockey Club Time: 1.00pm – 3.30pm Further information: http://alumni. unimelb.edu.au/career-centre/ melbourne-leadership-series/hong-kong Enquiries: Bruce Mortimer, Alumni Relations Manager (International & Interstate), b.mortimer@unimelb.edu.au Date TBC Indonesia Annual Dean’s Dinner Jakarta

23 October 2012 China Annual Dean’s Dinner – Shanghai Shanghai 25 October 2012 China Annual Dean’s Dinner – Beijing Beijing 27 October 2012 Hong Kong Annual Dean’s Dinner Hong Kong Please refer to the online alumni event calendar for further details on international events as they become available: www. fbe.unimelb.edu.au/alumni/events.html

YOUNG ALUMNI EVENTS Two YA events are planned in August and October, in addition to the May event and the November reunion. Please refer to the online alumni events calendar for further details on Young Alumni events as they become available: www.fbe.unimelb.edu.au/alumni/ events.html

ALUMNI MASTER CLASS SERIES Due to popular demand, three more master classes are planned in September. They will be held in Melbourne and Perth. 12 September 2012 Speaker: Professor Bryan Lukas, Department of Management & Marketing Venue: Ground Floor Auditorium, Media House, The Age, 665 Collins Street, Docklands Time: 6.30 – 8.30pm

13 September 2012 Speaker: Dr Sean Pinder, Department of Finance Venue: TBC, Perth Time: 6.30 – 8.30pm

19 September 2012 Speaker: Professor

Danny Samson, Department of Management & Marketing Venue: Ground Floor Auditorium, Media House, The Age, 665 Collins Street, Docklands Time: 6.30 – 8.30pm Please refer to the online alumni event calendar for further details on the Alumni Master Classes as they become available: www.fbe.unimelb.edu.au/alumni/ events.html

PUBLIC LECTURES 3 July 2012 Public Lecture with Nobel Laureate Professor Dale Mortensen Speaker: Professor Dale Mortensen, Northwestern University Venue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, Carlton Time: 6pm 9 August 2012 Finch Lecture 2012 Speaker: Mr Richard Koo, Nomura Research Institute Venue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, Carlton Time: 6pm 16 August 2012 Foenander Lecture 2012 Speaker: The Hon Geoffery M Giudice AO, Former President, Fair Work Australia Venue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, Carlton Time: 6pm 6 September 2012 Downing Lecture (2) 2012 Speaker: Professor Avner Offer, University of Oxford Venue: Copland Lecture Theatre, Arts West (the old Economics and Commerce Building), Professor’s Walk, The University of Melbourne, Parkville Campus Time: 6pm 2 October Melbourne Institute / Department of Economics Public Policy Lecture Speaker: Professor John Freebairn, The University of Melbourne Venue: Copland Lecture Theatre, Arts West (the old Economics and Commerce Building), Professor’s Walk, The University of Melbourne, Parkville Campus Time: 6pm

16 October

6 December 2012

Corden Lecture 2012 Speaker: TBC Venue: Copland Lecture Theatre, Arts West (the old Economics and Commerce Building), Professor’s Walk, The University of Melbourne, Parkville Campus Time: 6pm

Melbourne Institute 50th Anniversary Conference Venue: TBC, The University of Melbourne Time: 9.00am – 5.00pm

If you would like to be added to the Business and Economics public lecture mailing list and receive notification of the details of upcoming public lectures, including how to register, please send an email to fbe-lectures@unimelb.edu.au with ‘Add to public lecture mailing list’ in the email subject field.

Melbourne Institute Public Economic Forums 24 July 2012 Australia: Still the Land of the Fair Go? Speakers: Dr Andrew Leigh MP, Mr Michael Perusco and Associate Professor Roger Wilkins Venue: Hotel Realm, Canberra Time: 12.00 – 1.45pm 6 September 2012 Paid Parental Leave Speakers: Professor Bill Martin, Ms Jane Dickenson and Associate Professor Guyonne Kalb Venue: Hotel Realm, Canberra Time: 12.00 – 1.45pm 1 and 2 November 2012

73rd CPA Australia-University of Melbourne Annual Research Lecture Venue: Basement Theatre, Faculty of Business and Economics, 198 Berkeley Street, Carlton

2012 Economic and Social Outlook Conference “Securing the Future” Venue: Faculty of Business and Economics, 198 Berkeley Street, Carlton

Other Events – save the date Actuaries in Leadership Speaker Series (in collaboration with The Actuaries Institute): (1) 28 June 2012 Speaker: Daniel

Craine Deloitte, 550 Bourke Street, Melbourne Time: 6.15pm – 8.15pm Venue:

(2) September 2012 Details TBC 19 October 2012 Australian Accounting Hall of Fame Annual Dinner and Awards Ceremony Venue: University House, The University of Melbourne Time: 7pm for 7.30pm 16 November 2012 Finance Honours Alumni End-of-Year Dinner November 2012 Honours Accounting Student Society End-of-Year Dinner

Registration:

accounting-frontoffice@unimelb.edu.au

For enquiries about any events please email: fbe-alumni@unimelb.edu.au

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15 October

For further details about any Melbourne Institute events, please visit the Institute’s events page at www.melbourneinstitute. com/miaesr/events or contact Penny Hope, Functions Manager, Melbourne Institute on +61 3 8344 2151 or melb-conf@unimelb.edu.au.

Leadership and learning are indispensable to each other. John F. Kennedy, 1963

GSBE Never stop learning In todayâ&#x20AC;&#x2122;s ever-changing environment, it is vital to apply cutting-edge ideas and strategies to maximise your business performance.

Our range of courses cater for early career starters, as well as established professionals via our executive education programs.

At the GSBE we develop graduates who can solve complex problems and provide leadership in business, government and the community.

Our teachers bring their research to the classroom to combine academic rigour with fresh perspectives. We never stop learning and neither should you. Find out more at www.gsbe.unimelb.edu.au

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