April 2007 - Saskatoon Chamber of Commerce
Transcription
April 2007 - Saskatoon Chamber of Commerce
Greater Saskatoon Chamber of Commerce Business ew APRIL 2007 Celebrating 100 Years of Business Building Saskatoon! Business ew Inside: Celebrate Success! 2007 Finalists Announced St. Paul’s Hospital 100 Years of Hope and Healing Cover Story Butler Byers Insurance 100th Anniversary In 1907, Newt Byers, Jim Butler and Ivan Byers opened their own real estate and insurance company in a small office on 22nd Street in downtown Saskatoon. Today, Butler Byers Insurance Ltd. has grown into one of the largest independent insurance brokers in western Canada. And it is not only celebrating 100 years in business – it is celebrating 100 years as a family business. The company is still run by the Byers family. Ivan’s grandson Drew operates the company along with a management team that includes son Scott, shareholder and manager of Butler Byers Hail Insurance, controller Barry Slowski and human resource head John Shanks, who are both shareholders, and Coby Larmer, branch manager of the 8th Street office. Butler Byers offers a full range of products and services, from standard home, auto, business and life to large manufacturing firms, employee benefits and crop hail insurance. In a world increasingly ruled by multi-nationals, it is proud of its long history as an independent. “We’ve always been an independent broker. That allows us to shop the market to find the best rates and coverages for our customers,” Drew says. “Putting the needs of customers first is one of the things that’s kept us in business all these years.” Putting the needs of customers first demands a high level of service. In 1913 when the firm became the first in the city to offer crop What if you could learn to Improve the Performance of your company and deliver Innovative Leadership? EFFECTIVE EXECUTIVE 2007 ...Seize the opportunity hail insurance to farmers, Jim Butler and Ivan Byers hitched up a team of horses and went on a two-week road trip to meet with small town agents. Today, Ivan’s great grandson Scott still hits the road with his team for face-to-face meetings with anywhere from over 500 insurance agents across Saskatchewan and Manitoba. “Our strength has always been the relationship. That face-to-face is really important to our client base,” Scott says. Pioneering hail insurance is just one example of how the business has impacted the provincial economy over the years. Before Butler Byers began offering hail insurance, a farmer could be wiped out by one hail storm. And in those days, if one farmer failed, a whole community could suffer. Butler Byers Hail Insurance gave the farm economy the support it needed to grow. “Whether it’s hail insurance or personal insurance or commercial insurance, we’re here to help our clients solve problems,” Drew adds. “We have a lot of expertise in our firm, so we can help clients find products that meet their needs.” Homeowner insurance, for example, is fairly straightforward, but Butler Byers offers every level of coverage, from a basic $20,000 tenant pack to a $1.8 million dream home policy. Commercial insurance needs are much more complex, and this is where Butler Byers’ long experience and expertise really show. Manufacturers need different coverage than trucking companies, who need different coverage than retailers, who need different coverage than wholesalers and so on. Every business is just a little bit different, and Butler Byers can offer a policy to suit their needs. Over the years, the company has evolved and adapted its products and services to meet the changing needs of clients. In the early years, the biggest products were fire, hail and employee liability insurance. In the post WWII period, with the Baby Boom in full swing and the economy thriving, new products began to emerge – and Butler Byers was quick to offer them. 26 Years of Developing Executive Leadership In a 1982 interview, Drew’s father Jack Byers, said, “people have become much more conscious of insurance, partly because they read about larger law suits, but also because better policies have been developed over the years. It’s a continually changing scene, and we’re always trying to acquaint our clients with that.” Enrollment is limited to ensure an optimal learning environment Jack Byers was one of the driving forces in the creation of the Saskatchewan Insurance Agents Association in 1952, known today as the Insurance Brokers’ Association of Saskatchewan (IBAS). Both he and Drew were actively involved in the association, as well as in its national counterpart, the Canadian Federation of Insurance Agents. Now Scott is active in the Young Broker Network (YBN) and was part of the first National meeting. “This 8 day residential program will challenge, encourage and motivate in ways never thought possible. You will return to your workplace renewed and confident in your leadership and management capabilities.” For more information contact us by: Phone: (306) 966-8686 Email: [email protected] Program Dates: June 1 - June 8, 2007 Waskesiu, SK Business Advisory Services, College of Commerce “Building Better Business” http://www.commerce.usask.ca/programs/bas Page 2 A century in business is a remarkable achievement for any firm, let alone a family business. According to national statistics from the Canadian Association of Family Enterprises (CAFE), barely 30 percent of family businesses survive to a second generation, only 10 percent make it to a third, even fewer to a fourth. That’s the landmark Butler Byers celebrates in 2007. With a fourth generation now involved in the business, Butler Byers Insurance looks ahead to the next 100 years. APRIL 2007 Business View Business View 2007 / 2008 Federal Budget BUSINESS VIEW is a monthly publication of the The 2007/08 Federal Budget will both help and hurt Saskatoon’s and Saskatchewan’s business climate. Greater Saskatoon Chamber of Commerce Greater Saskatoon Chamber of Commerce 345 3rd Avenue South Saskatoon, SK S7K 1M6 Phone: (306) 244-2151 Fax: (306) 244-8366 Email: [email protected] Website: www.eboardoftrade.com Reproduction of any material contained in BUSINESS VIEW is permitted provided credit is given to the Greater Saskatoon Chamber of Commerce. Articles and criticisms are invited, but opinions expressed by contributors are their own and do not necessarily represent those of the Greater Saskatoon Chamber of Commerce. We encourage you to support the business leaders whose names and products you see advertised in this issue as well as throughout our entire membership. The Board reserves the right to edit submissions. Views expressed in BUSINESS VIEW are those of contributors and are not necessarily endorsed by, or are policy of, the Greater Saskatoon Chamber of Commerce. Copy Editor: Jodi L. Blackwell Advertising Sales: Jim Zaiachkowski COMMITTEE CHAIRS Agribusiness Development Jill Sauter, Jill Sauter Marketing & Communications Celebrate Success! Laura Small, Women Entrepreneurs of Saskatchewan Doug Osborn, MacPherson Leslie & Tyerman LLP Future Opportunities Michael Gorniak, Thomson Jaspar & Associates Shawna Nelson, Radisson Hotel Government Affairs Brian Chalmers, Concentra Financial Christopher Doll, Meyers Norris Penny LLP Health Opportunities John Hyshka, Phenomenome Discoveries Knowledge Industry Rob Norris, U of S Office of the Secretary STAFF Kent Smith-Windsor, Executive Director Jodi Blackwell, Research & Operations Director Jim Zaiachkowski, Projects Director Derek Crang, Director of Investor Relations Terry Lawrence, Adminstration Roz Macala, Receptionist / Secretary Judy Chudskov, Executive Assistant Linda Saunders, Bookkeeper Business View - good news and not so good news for Saskatoon and Saskatchewan The transition equalization funding formula will help offset some costs for the provincial treasury, but falls short of the equalization amounts the Government of Saskatchewan sought. The funding from the Canadian Foundation for Innovation, Genome Canada, and indirect research cost assistance will be helpful to research-based industries in Saskatoon. Funding assistance for Aboriginal labour for participation and financial assistance for programs to expedite programs to help temporary foreign workers, and support for foreign students to potentially stay in Canada, will help with labour shortages in Saskatchewan. The commitments to reduce the regulatory burden on small businesses, and support for streamlined regulatory oversight for major natural resource projects will aid Saskatchewan businesses and projects based in Saskatchewan compete for investment capital. Accelerated write down of productivity enhancing investment in plant and machinery will help Saskatchewan businesses compete globally. Of greatest concern for Saskatchewan is whether the changes in capital cost allowance schedules for oil sands projects announced in the budget will hinder the development of Saskatchewan’s oil sands projects. “Being slow off the mark to assist in the startup of Saskatchewan based oil sands projects may be the most problematic announcement for Saskatchewan in today’s federal budget,” observed Kent Smith-Windsor, Executive Director of the Greater Saskatoon Chamber of Commerce. “We just hope that the federal changes in capital cost allowance for oil sands projects doesn’t stop Saskatchewan’s development of its oil sands even before they really get started,” stated Blair Knippel, Greater Saskatoon Chamber of Commerce President. 2007 BOARD OF DIRECTORS EXECUTIVE Brian Chalmers Concentra Financial EXECUTIVE Monica Kreuger Global Infobrokers Inc. Douglas Osborn MacPherson Leslie & Tyerman LLP Raj Randhawa Horizon PRESIDENT J. Blair Knippel Deloitte & Touche LLP 1ST VICE-PRESIDENT Marion Ghiglione Handy Special Event Centre 2ND VICE-PRESIDENT Jamie McIntyre Cameco Corporation PAST PRESIDENT Coni Evans Point2 Technologies Inc. Judy Harwood West Harvest Inns John Hyshka Phenomenome Discoveries Grant Isaac U of S - College of Commerce Ken McFarlane CJWW / Magic 98.3 / Hot 93 FM Jill Sauter Calvin Sonntag Philom Bios Inc. Melanie Stroh Saskatoon Inn Tammy Van Lambalgen AREVA Resources Jill Sauter Marketing & Communications APRIL 2007 Page 3 P RESIDENT ’ S V IEW I believe that Saskatoon can win. Your Chamber believes that Saskatoon can win. But does Saskatoon really believe we can win? Winning means bottom line results (like a job for every graduate) and paying less attention to old grievances and stereotypes. Winning means meaningful and long-term changes to our education property tax system and the development of real initiatives to stem our perpetual youth exodus. Winning requires positive changes to our business and labour environment, ones which would allow us to celebrate rather than berate the successes of our local businesses. Your Chamber believes that Saskatoon will win and, with the help of the business community, we can make a real difference on all fronts. Remember that if you see impediments to Saskatoon winning, please let us know. We need to ensure that our government remains accountable by addressing clearly defined priorities with specific productivity improvement targets and with a very sharp pencil. It must remain responsible enough to fix those things that are broken but throwing good money after bad is not responsible. How can a province with such high health spending per capita ($2,681 in 2005) still have such a crisis in health-care? A huge percentage of every dollar spent is coming out of our province’s future revenue generating capacity. Make sure our provincial government remains frugal and continue to expect from them tangible and visible results from all their spending initiatives. A budget without limited and clearly defined priorities, without a focused plan of execution, will continue to necessitate spending without consideration of the consequences. The consequences of having a revenue wind-fall today that is spent without regard to the future will be severe. Unlike some provinces, we aren’t lucky enough to have so much wealth that we can have our votes purchased with our children’s future. On March 22, 2007, Minister of Finance Andrew Thompson presented his second budget. Saskatchewan’s economy is still running strong thanks to last year’s corporate tax reductions (thank-you Professor Vicq!) and record resource revenues. The business community was hoping for significant business incentives for the future in the form of significant corporate tax rate reductions, massive reforms to our antiquated, anti-growth, anti-business education property tax system, and strong indications that Saskatchewan truly is open for business. The 2007 Budget fell short on our expectations but we were happy to see some relief was offered; the question remains will the Provincial government keep feeding the economic engine with probusiness changes to fund its spending habits or will the business community be left to our own devices when dealing with commercial impediments. Personally, it was very disappointing to see other provinces benefit from the recent Federal Budget at the cost of Saskatchewan, but relying on Federal money to fix Provincial problems was likely unwise anyway. As much needed spending increases in our province’s health and education systems come into effect, remember these increases are being funded from revenues generated on various businesses expending our non-renewable resources. Saskatchewan has been very fortunate to have very high resource revenues but our children may not have this same funding source. Non-renewable means that at some point this source of revenue will come to an end. These revenues are dangerously addictive to public policy makers. Our province’s debt to GDP ratio and debt per capita ratios are startling and simply not sustainable. While improvements in these areas are evident, they are not being seen with the vigour that a winning province requires. Page 4 APRIL 2007 Blair Knippel, President Educating Leaders, Strengthening Community More than ever, Saskatoon needs leaders who have the vision, energy and skill to mobilize people and make thoughtful, wise decisions on behalf of our community to ensure economic, cultural and community prosperity. Leadership Saskatoon is entering its eighth year with over 140 alumni. This unique program brings together people from diverse backgrounds to build personal, organizational and community leadership skills. Leadership Saskatoon is grooming our community’s future leaders. BE A LEADER! Applications are now being accepted for the Class of 2008. Application deadline is May 31st, 2007. For more information call Betty Mutwiri at 683-2265, or visit www.leadershipsaskatoon.com and download an application. Founding Partners: Business View Business View APRIL 2007 Page 5 Canada West Foundation Releases Saskatchewan Economic Profile and Forecast The Canada West Foundation recently released Reasons for Optimism: Saskatchewan Economic Profile and Forecast. For much of the 1990s, report author and Foundation Chief Economist Todd Hirsch writes, Saskatchewan's economy languished under the weight of chronically falling agricultural prices, drought, high taxes, and depressed land values. The economy in neighbouring Alberta always seemed to be doing much better. A mentality of negativity and gloom in Saskatchewan's economic future took root within the province, and a steady outflow of young people became part of the culture. Parents may have even quietly encouraged their children to leave for better opportunities elsewhere. The situation in 2007, however, is anything but dismal, and the attitudes and perceptions within the province are starting to catch-up to the new economic realities. Given the plentiful job opportunities, the rising wages, the improved tax situation, and the relatively low cost of living in the province, it is likely that Saskatchewan's population will stabilize and perhaps even start to grow. Solid commodity prices and a burgeoning R&D sector will certainly help, but the single best factor working in favour of Saskatchewan's economy in 2007 is housing prices in Alberta. High prices in Alberta may reduce the outward flow and may even encourage some migrants to return home to Saskatchewan. A major challenge for the province is engaging the fastgrowing Aboriginal population in the province. Much more work is needed in training young Aboriginal people, fighting racism, and meaningfully engaging them in the work force. Overall, Saskatchewan will remain one of the fastest growing economies in Canada and, along with Alberta and British Columbia, will continue to secure its position as one of western Canada's economic powerhouses. The Canada West Foundation is forecasting real economic growth of 3.0% for 2006, accelerating slightly to 3.3% in 2007. Visit www.cwf.ca for details. Page 6 APRIL 2007 Business View Welcome NEW MEMBERS ann & rosie 249 2nd Ave S, Saskatoon SK S7K 1K8 Phone: 978-1064 Fax: 933-3301 Email: [email protected] Category: Retail - Clothing / Costumes Contact: Leane Durand Ashton Developments Inc. Phone: 270-1185 Email: [email protected] Category: Home-Based Business Contact: Gary Geib Carlson Wagonlit Travel 230 22nd St E, Saskatoon SK S7K 0C9 Phone: 652-0161 Fax: 652-0168 Website: www.cwtvacations.com Category: Travel Services Contact: Mary Paterson CN Phone: 956-5547 Fax: 956-5591 Website: www.cn.ca Category: Transportation Industry Contacts: Dennis Broshko / Kevin Franchuk / Jim Newton / Blaine Phillips Combat Carpet Cleaning Phone: 290-3477 Category: Home-Based Business Contact: Gerald Bennett Dr. Christopher J. Strelioff Optometrist Prof. Corp. T33B Midtown Plaza, Saskatoon SK S7K 1J9 Phone: 242-9226 Fax: 242-9255 Category: Eye Care Services / Supplies Contact: Marina Strelioff Dr. H. J. Drexley 116A Idylwyld Dr N, Saskatoon SK S7L 0Y7 Phone: 664-6616 Fax: 244-8577 Category: Eye Care Services / Supplies AND Health Care - Services / Supplies Contact: Hank J. Drexley Durand's Fine Footwear Accessories Ltd. 255 2nd Ave S, Saskatoon SK S7K 1K8 Phone: 933-3336 Fax: 933-3301 Email: [email protected] Website: www.durandsfootwear.ca Category: Retail - Shoes AND Retail - Jewellery Contact: Leane Durand East Side Mario's 2335 8th St E, Saskatoon SK S7H 0V4 Phone: 665-5550 Fax: 665-5552 Email: [email protected] Website: www.eastsidemarios.com Category: Restaurants Contact: Roberta Bates Flying J Travel Plaza 3850 Idylwyld Dr N, Saskatoon SK S7P 0A1 Phone: 955-6844 Fax: 955-6840 Website: www.flyingj.com Category: Restaurants Contact: Richard Halyk Genome Prairie 101-111 Research Dr, Saskatoon SK S7N 3R2 Phone: 668-3570 Fax: 668-3580 Email: [email protected] Website: www.genomeprairie.ca Category: Research & Development Contact: Jerome Konecsni Sask Made Marketplace 1619 8th St E, Saskatoon SK S7H 0T2 Phone: 955-1882 Fax: 955-1726 Email: [email protected] Website: www.saskmade.ca Category: Retail - Gift & Novelty Contact: Darrell Schneider Highway Agencies Ltd. 1-833 51st St E, Saskatoon SK S7K 5C6 Phone: 653-4066 Fax: 653-3431 Website: www.highwayagencies.ca Category: Insurance Companies / Agents AND Transportation Industry Contacts: Carlee Merritt / Randy Williams / Reed Willison Saskatchewan Property Management, Purchasing Branch 1-1920 Rose St, Regina SK S4P 0A9 Phone: 787-6005 Fax: 787-3023 Website: www.sasktenders.ca Integrated Designs Inc. 215-116 Research Dr, Saskatoon SK S7N 3R3 Phone: 934-6818 Website: www.i-designs.ca Category: Engineers - Consultants / Services / Supplies Category: Government Agencies - Provincial / Federal Contact: Rob Isbister Saskatoon Agri-Auto Parts Inc. 15-3815 Thatcher Ave, Saskatoon SK S7R 1A3 Phone: 934-1557 Fax: 934-0411 Website: www.agri-auto.sk.ca Category: Agricultural AND Automobile - Parts / Repair / Maint. Contact: Debbie Ross Contact: Murray Guy JaKe's on 21st 307 21st St E, Saskatoon SK S7K 0C1 Phone: 373-8383 Fax: 373-8380 Simply Offsite 208-416 21st St E, Saskatoon SK S7K 0C2 Phone: 244-4880 Website: www.simplyoffsite.com Category: Caterers / Food Services AND Restaurants Category: Internet AND Computers - Sales / Services / Supplies Contact: Laurie Forseille Contact: Mike Lavender La Federation des francophones de Saskatoon 103-308 4th Ave N, Saskatoon SK S7K 2L7 Phone: 653-7440 Fax: 664-6447 Email: [email protected] Website: www.ffslerelais.ca Category: Non-Profit Organizations Contact: Laurette Lefol Ms. Morag Macpherson Category: Individual Members The Makeup Studio 432 21st St E, Saskatoon SK S7K 0C2 Phone: 244-4554 Fax: 244-1978 Email: [email protected] Website: www.makeupstudio1.com Category: Beauty - Services / Supplies Contact: Charmon Kneller OTV Technologies 302A Wall St, Saskatoon SK S7K 1N7 Phone: 374-0607 Fax: 374-0357 Website: www.otvtech.com Category: Computers - Sales / Services / Supplies AND Retail Contact: Pradeep Bains / Ryan Halbgewachs Prudential Sask Realty 1106 8th St E, Saskatoon SK S7H 0S4 Phone: 665-3600 Fax: 665-3618 Email: [email protected] Website: www.garyemde.com Category: Real Estate - Commercial AND Residential Contact: Gary Emde Skan Machine Tools Ltd. 119 Avenue C S, Saskatoon SK S7M 1M9 Phone: 653-5834 Fax: 384-1611 Category: Machine Shops Contact: John Kostyna Speedy Cash Payroll Advances 5-1601 22nd St W, Saskatoon SK S7M 0T2 Phone: 373-6390 Fax: 373-6392 Email: [email protected] Website: www.speedycash.ca Category: Financial Services / Planning Contact: Julie Scott Woodstyles Woodworking Co. Ltd. 302F Wall St, Saskatoon SK S7K 1N7 Phone: 664-2804 Fax: 664-2806 Email: [email protected] Website: www.gencities.com/skwoodstyles Category: Carpentry / Woodworking / Millwork AND Construction Contact: Willie Marks Your Dollar Store with More PO Box 1218, Martensville SK S0K 2T0 Phone: 955-4991 Fax: 955-4992 Category: Retail Contact: Ken Warner Zep Manufacturing 2924K Miners Ave, Saskatoon SK S7K 4Z7 Phone: 934-0946 Fax: 934-5025 Website: www.zep.com Category: Manufacturers Contact: Lisa Seward To refer your leads or for membership information, please contact: Derek Crang @ 664-0702 Business View APRIL 2007 Page 7 Provincial Budget 2007: Education Property Tax Broken - No Permanent Fix - Weak attempt to shift blame leaves property investors in Saskatchewan having the highest education property tax bills in the country. Saskatoon taxpayers hardest hit The Greater Saskatoon Chamber of Commerce has given the provincial government a “D” for the 2007/08 budget released March 22nd. Real estate investment in Saskatchewan continues to be penalized by the provincial government’s outdated and uncompetitive Education Funding Policy. The stop gap measure announced relates to one year of property tax relief and does not fix this long standing problem. It is ironic, but the provincial government has challenged the federal government for the clawback provision in the federal Equalization Formula, but does nothing to correct the clawback provisions contained within Saskatchewan’s Foundation Operating Grant system. All property owners in Saskatchewan face uncompetitive loads of property tax, but this problem is compounded in any jurisdiction with assessment growth, like Saskatoon. Under the current formula, as assessment grows, part of the provincial grant for education is clawed back in a manner similar to the federal Equalization Formula. Education funding changes are needed to sustainably arrest and reverse youth exodus in Saskatchewan. Competition for the investment that Saskatchewan needs to drive job and population growth already exists and will only continue to intensify, so the province must be more aggressive in creating an education property tax policy framework that fosters investment. Alberta continues to further reduce education property tax rates, and many other provinces have even lower education property tax loads than Alberta, while Saskatchewan and Saskatoon are caught in an Education Funding Policy that discourages property investment. This is particularly prevalent in Saskatchewan’s all too few growth centres, like Saskatoon. This budget does not bring Saskatchewan into a position to win the competition for property investment at the level needed to arrest and reverse Saskatchewan’s youth exodus over the long term. The changes in business taxes announced in 2006 will continue to attract business investment and drive additional job creation, but not at high enough levels to sustainably arrest and reverse Saskatchewan’s youth exodus. This provincial budget was an opportunity for the government to take a badly uncompetitive education property tax situation and make significant improvements. In 2003, the provincial government committed to correct a badly out of date Education Funding Policy, and leading into the 2003 provincial election, the provincial government maintained that it just awaited its report on education funding before making the necessary changes. The 2003 report delayed comprehensive action on reducing business education property tax loads. Provincial government delays have hindered the level of Saskatchewan’s youth retention success since at least 1997, but the province has chosen to wait, yet again. The Education Funding report was released in 2004, but the provincial government has now attempted to shift responsibility to the federal government to distract attention from its own inaction. “The provincial government’s attempt to shift blame onto the federal government ignores the province’s constitutional responsibility for education funding, and as the recent federal budget shows, gets Saskatchewan nowhere on overly onerous education property taxes,” stated Kent Smith-Windsor, Executive Director of the Greater Saskatoon Chamber of Commerce. “In view of the province’s accelerated spending habits in other areas, it’s becoming clear that the provincial government likes high education property taxes and is content to stack additional education property tax loads onto the province’s growth centres, like Saskatoon,” Smith-Windsor added. unfortunately remains absent from government planning. The government has yet to adopt a productivity agenda, and spending increases continue at a rate far higher than population growth and inflation. Saskatchewan ranked poorly on spending control for the decade from 1996 to 2006. A recent C.D. Howe Institute study released in March 2007 on provincial fiscal spending responsibility by province ranks Saskatchewan below eight of the nine other provinces in Canada, and below the federal government. “The lack of fiscal restraint by the provincial government over the last decade embeds higher future taxes in Saskatchewan and has eliminated our province’s debt reduction capacity. It is surprising that Saskatchewan’s overspending record exceeds even the aggressive spending of the federal government. This shows a disappointing lack of discipline for a government that faced a risk of provincial bankruptcy just a few years earlier,” stated Blair Knippel, Greater Saskatoon Chamber of Commerce President. “Saskatchewan’s population is shrinking, and inflation is low. In this context, the Government of Saskatchewan is spending well in excess of population growth (or lack thereof) and inflation. As our province saw just a short decade ago – this is unsustainable.” Knippel added, “The province’s lack of action in implementing comprehensive education property tax reductions following the 2003 Boughen Report is damaging to Saskatchewan’s investment climate and is at odds with the announced income tax program for young graduates. Investment drives the jobs needed to keep our youth in this province, and high property taxes remain an inhibitor to securing that investment. With the tax changes announced in 2006, youth exodus will slow, but to arrest and reverse youth exodus in a sustainable manner, the province needs a strategy beyond attempts to shift blame and garner popularity. In addition, the province needs to address the outstanding issues from its own 2006 Business Tax Review Commission regarding sales tax harmonization and resource base capital tax elimination. Our province needs to attract enough business investment to create so many opportunities that our youth would be foolish to leave.” We need to capture the momentum of current investor interest in Saskatchewan by securing more job-driving business investment. Full implementation of the province’s own Business Tax Review Commission’s report would lead to this result, but the province has chosen to ignore large parts of the advice it sought on business tax competitiveness and education property taxes. The Government of Saskatchewan’s education property tax and problems in labour policies are still creating doubt in the minds of investors and these doubts are inhibiting the job creation needed to build careers for young people. “One ‘C’, six ‘D’s, and three ‘F’s is a poorer record than 2006. Saskatchewan should be Canada’s star pupil. Simply put, no other province in Canada has the array of raw resources and latent brainpower of Saskatchewan. The government has not yet built the policy base necessary to capture our full potential. We need to remind the provincial government that Saskatchewan has honour roll potential, but is living with an overall ‘D’ result. This lack of desire to improve performance on the part of government discourages young people when we should be exciting them about what Saskatchewan can become,” Knippel concluded. Please see the Budget Scorecard at www.eboardoftrade.com On other aspects of the budget, a longer-term debt reduction plan Page 8 APRIL 2007 Business View Food for Thought by C.M. (Red) Williams Perpetual Motion Machines An American professor, Jean-Paul Rodrique in an address to the Asia-Pacific Foundation raised the economic picture of a perpetual motion machine. He was referring to the relationship of the US and China economies in their current imbalances. The motion is the shipment of goods to the US, paid for in US dollars in the form of TD Bills and other debt. His contention is that perpetual motion doesn’t work and warns us, as he has the US government, that it has to end sometime. allow that to happen. I guess we mere mortals will have to wait and see; but the Canadian boom has a lot riding on the health of the US economy. His words came back to me on February 27, when the sell off of stocks in China sent shivers through the world’s stock exchanges. This is exactly what Professor Rodrique was referring to when he predicted that the machine would come to a halt with the probable collapse of share prices. An economist sitting with me mentioned that it wouldn’t happen that catastrophic way because as the value of the US dollar declined they would be paying off US dollar debt with cheap dollars. Therefore, in the economist’s view, China would not We have experienced a weakening of the US dollar in the last couple of years pushing the Canadian dollar from 65 cents up to 85 cents and limiting our ability to export to the US, our major market, as a consequence. As many have warned, the failure of the perpetual motion machine would prick the real estate bubble in North America, as happened in Japan. I have no way of confirming Professor Rodrique’s theses, but it is scary enough to spoil a night’s sleep. I hope China and the US know what they are doing. Online with An @WCB Online Services Account makes doing business with the WCB faster, easier and cheaper! You can open @WCB Online Services Account at www.wcbsask.com. Just click on @WCB Online Services and follow the directions. With an online account you can: • Request Clearances • Use your Automated Clearance Verification (ACV) • File annual Employer Payroll Statements electronically • Get claim cost information • View your WCB account balance and payment due dates • Manage your account information 24 hours a day, 7 days a week For more information visit www.wcbsask.com, or contact Revenue and Employer Accounts at [email protected], by phone toll free at 1-800-667-7590. Saskatchewan Workers’ Compensation Board 200 – 1881 Scarth Street, Regina, SK S4P 4L1 Website: www.wcbsask.com Phone toll free: 1-800-667-7590 Fax toll free: 1-877-220-1671 Business View APRIL 2007 Page 9 St. Paul’s Hospital - 100 Years of Hope and Healing The history of St. Paul’s Hospital is closely intertwined with the history of Saskatoon from the earliest days of the century. Through decades of growth and change, St. Paul’s Hospital has responded to the needs of the community during a century that saw epidemics, phenomenal growth, and a wide range of medical challenges, breakthroughs and innovations. Newly incorporated as a city in 1906, Saskatoon was hit by a typhoid outbreak in the fall of that year. With a population of 4,500, new settlers arriving and construction beginning to boom, poor water and sanitation conditions in riverside work camps contributed to the epidemic. In the rectory of the new city’s Roman Catholic church, Fr. H. Vachon and Fr. Joseph Paille struggled to care for very ill typhoid patients. On the afternoon of Sept. 29, 1906, Fr. Paille answered a knock on the St. Paul’s rectory door to find two Grey Nuns, Sr. Phaneuf and Sr. Guay, who were traveling across the prairies collecting alms for their mission at St. Boniface in Manitoba. For the priests struggling to cope with very ill typhoid patients, the arrival of the two sisters was providential, and they implored the women to stay and nurse the sick of Saskatoon. Founded by Marguerite d’Youville in 1737, the Sisters of Charity of Montreal or “Grey Nuns” were dedicated to meeting the unmet needs in society, caring for the sick, the poor, the orphaned, the elderly, and the abandoned. Even before the arrival of the two sisters, Fr. Vachon had sent word to the Mother House of the Grey Nuns in Montreal begging them to establish a hospital in Saskatoon. Now he and a delegation traveled to Montreal to plead Saskatoon’s case. The request was granted by the religious order, and on Jan. 21, 1907, Sr. St. Dosithée, Sr. Mailoux and Sr. Blakely left Montreal to establish the new hospital in Saskatoon. One of the first doctors in the area, Dr. J.H.C. Willoughby, agreed to sell his two-story farmhouse on Pleasant Hill to the sisters for the new hospital. By March 10, 2007, the 17-bed hospital was ready for patients, and was named St. Paul’s Hospital in honor of the first Catholic parish in Saskatoon. An extension to the original building was completed in June, bringing the capacity of the hospital to 45 beds. St. Paul’s Training School for Nurses opened Nov. 21, 1909, under the direction of the first Superintendent of Nurses, Sr. Marie du St. Sacrement, with five student nurses in the first class. For 60 years the well-respected teaching facility would train hundreds of nurses. The converted farmhouse served as the hospital until the new St. Paul’s Hospital opened Nov. 1, 1913 – it was a modern hospital in its day, with bright patient rooms, well-equipped operating theatre, x-ray equipment and an electric elevator. The new facility could accommodate 150 beds, and continued in the spirit of the Grey Nuns, giving care and comfort to those in need, regardless of religion, race or financial status. Expansions in the 1920s included an improved children’s ward, laboratory facilities, an expanded maternity ward, and a new chapel for patients, visitors and staff. In 1926 St. Paul’s received a Hospital Standardization Certificate of the American College of Surgeons and became a teaching hospital for doctors as well as nurses. A new nurses’ residence opened in 1931, with student rooms, kitchenettes and a parlor, as well as classrooms, an auditorium, study rooms and a chapel. A Ladies’ Auxiliary was founded in 1934 to support the hospital through service and fundraising, and in 1941 a Lay Advisory Board was officially established. This legacy of community support continues today through the St. Paul’s Hospital Foundation, established in 1982. The government of Premier Tommy Douglas enacted the Saskatchewan Page 10 Hospital Services Plan Jan. 1, 1947, assuring that for a $5 annual fee (to a maximum of $30 per family) all Saskatchewan residents had the right to receive all hospital services. The provincial program was expanded in the years that followed and a national medicare plan was introduced in 1966. The late 1950s saw a flurry of activity surrounding construction of a new St. Paul’s Hospital, in the face of uncertain government support. After intense public lobbying, ground for the new hospital was broken in 1961, with the new building officially opened and blessed Sept. 21, 1963. The old buildings were demolished. A major public fundraising drive, led by volunteers from the business community, was launched to raise $410,000 for furnishings and equipment for the new hospital. In 1968 the provincial government changed the authority for educating nurses to the department of education, closing hospital-based programs. The last class graduated from St. Paul’s School of Nursing in 1969. The fourth major expansion of St. Paul’s Hospital was approved by the provincial minister of health in 1979, and was completed over the next decade. It included improvements to all clinical support departments, an emergency room, state-of-the art operating rooms and intensive care unit, a new palliative care unit, renovations to the laboratory and an expanded spiritual care program. In 1996 an agreement was negotiated with Saskatoon District Health, establishing St. Paul’s Hospital as the first independent affiliated hospital in Canada to manage health services across the continuum of care in tandem with a regional authority. In 1999, faced with declining numbers, the Grey Nuns of Montreal transferred the ownership of St. Paul’s Hospital to the Bishops of Saskatchewan. The bishops work through the Saskatchewan Catholic Health Corporation to oversee several Catholic health care facilities in the province. Medical challenges and innovations during the past 100 years included: • Caring for convalescing soldiers during and after the First World War • Handling the devastating 1918 influenza epidemic • Caring for tuberculosis patients through establishment of an isolation ward and implementation of the latest in treatment methods • Polio outbreaks in the 1940s and 1950s, during which St. Paul’s used the latest treatment techniques, including hot moist compresses, massage, special physiotherapy and “iron lung” machines • First renal dialysis treatment performed at the hospital in 1960 • Spiritual care department formally established in 1969 • St. Paul’s urologists and physicians involved in kidney transplant procedures • St. Paul’s Hospital designated the Provincial Home Care Dialysis Centre in 1980 • First intra-ocular lens implant surgery performed in 1980 • A Palliative Care Consultation Team established in 1985, with a permanent Regional Palliative Care Unit opening in 1990 • A Clinical Pastoral Education program established • A new larger Renal Unit opened in 2000, with St. Paul’s offering all chronic dialysis treatments in Saskatchewan, and serving as a home dialysis training centre • A Centre of Excellence for Nephrology (Kidney) Services established at St. Paul’s Hospital in cooperation with the University of Saskatchewan and the Saskatoon Regional Health Authority. • A Digital Interventional Angiography Suite completed in 2002 • Since 2005 St. Paul’s Hospital has been the home of the Saskatchewan Transplant Program • New CT scanning technology and digital radiography established in 2005 enhances the diagnostic abilities of doctors at St. Paul’s Hospital • A special care unit furnished with cardiac monitoring equipment established for post-operative patients through a donation by Les and Irene Dubé APRIL 2007 Business View Benefit Facts NEED HELP WITH YOUR COMPLICATED LIFE? Our lives continue to get quicker and more complicated, and sometimes we don’t know where to turn for help. Perhaps your group plan can help. Employee Assistance Plans (EAP’s) have been a growing part of group insurance programs over recent years. Once considered a top up to comprehensive coverages, they’re now common across the country. Employers consider them a solid (and affordable) investment in prevention, helping employees address issues in their lives before they take a toll at work. The Chambers Plan has had an EAP program for the past decade. Like many of the plans in the early years, the EAP benefit focused mainly on interpersonal issues like family relationships, stress management, work-related difficulties and dependency problems. But sometimes we need help with a broader range of topics, many reflecting changes in our society and demographics. For example, the Chambers Plan benefits now include Eldercare resources, recognizing the large number of Canadians with concerns about senior family members. EAP staff can help employees research local options for retirement homes, home care and related support services. Parallel services are available focusing on childcare. Employees can also call on the Chambers Plan’s EAP for legal advice in the areas of family law, separation, divorce, child support and custody. Similarly, financial advice is available to help employees deal with credit card and debt management, bankruptcy, budgeting, and the financial aspects of divorce. Employees and family members can simply pick up the phone and contact the EAP’s call centre, where the caller’s need is identified, and matched with local resources. The appropriate expert then provides up to 12 hours of counselling time to address the issue – and get your life back on track. Benefit Facts presents information to help you manage your employee benefits. Brought to you by your Chambers of Commerce Group Insurance Plan® agent, Andrea Hansen, Wiegers Benefits Phone: (306) 244-0949 Representing Canada’s premier group plan for small and medium business. 1-800-665-3365 www.chambers.ca At work for small business since 1970. Joint Chamber Agreement Provides Foundation for Business Opportunities in the Philippines - local Chamber enters bilateral Chamber agreement with Davao City The Greater Saskatoon Chamber of Commerce recently signed an Agreement with the Davao City Chamber of Commerce in the Philippines to forge a bilateral Chamber Cooperation Agreement between the two organizations. The signing is the culmination of the months of work by local lawyer and former Saskatoon Chamber President Ken Ziegler of GPC Capital Corporation. Ziegler pursued this precedent setting relationship as part of his ongoing efforts to identify international business opportunities for the benefit of Saskatchewan. On recent visits to Hong Kong, China, Vietnam, the Philippines and Thailand, Ziegler carried with him a signed agreement from the Greater Saskatoon Chamber of Commerce to pursue a bilateral relationship between the Saskatoon Chamber and the Davao City Chamber of Commerce and Industry in the Philippines. Ziegler secured the Agreement with the Davao City Chamber on February 2, 2007. The Agreement commits each Chamber to support the others’ efforts to enhance business relationships between members of the respective Chambers. The objectives of the Agreement include: Chamber program exchanges, promotion of trade, and delegation exchanges. Kent Smith-Windsor, Executive Director of the Greater Saskatoon Chamber of Commerce welcomes the unique partnership. “Our Chamber is thrilled to be part of such an opportunity. We look forward to working with the Davao City Chamber representatives to discover areas of mutual benefit for our regions.” He added, “We have learned from Ken Ziegler that we have something to learn about from the activities of the Davao City Chamber of Commerce and Industry, and we think we’re doing some things pretty well that they might pick up from us.” Ken Ziegler stated, “The business community of Saskatoon will be amazed at the similarities of the economic strengths of these two cities. That similarity in economic makeup is what motivated me to suggest this bilateral agreement. Both Chambers enthusiastically endorsed the idea. So here we have it!” Plans are underway for a business delegation from the Philippines to visit Saskatoon and other centres in Saskatchewan, tentatively set for June 2007. The visiting delegates will meet with representatives from the Chamber and the business community to find and expand business to business relationships between the respective business communities. Talks are also underway for a return delegation representing the Saskatoon Chamber and the business community in Saskatchewan to the Philippines in the fall of 2007. “We look forward to meeting with the Davao City Chamber officials and hosting them in our city,” stated Blair Knippel, President of the Greater Saskatoon Chamber of Commerce. “We can only speculate about areas of common interest at this point, but are anxious to build on the great work of Ken Zielger in identifying the opportunity.” Business View APRIL 2007 Page 11 The Right Executive Compensation Equation: Paying for Performance At a recent Saskatchewan Chapter of the Institute of Corporate Directors (ICD) business luncheon, executives and board directors and those with an interest in governance were presented with the latest thinking on executive compensation in Canada. The Opportunity — The executive compensation decisionmaking process and its disclosure deserve scrutiny as perceptions regarding inappropriate executive compensation have contributed to a historically low level of trust in the free enterprise system. While, to date, focus has been on the level of total compensation and on reporting excessive pay packages, Canada's Institute of Corporate Directors recognizes the crucial role executive compensation plays in determining the direction of an organization. A new ICD study provides a foundation for more robust, evidence-based governance of executive compensation. Five Ideas for Boards to Consider — Sought-after board member and ICD-certified Director, Doug Hayhurst, offers five big-picture ideas for Board members (and more specifically, Compensation Committees) to consider in governing executive compensation. 1. Hayhurst advises Boards get compensation literacy on the compensation committee. "Just like the Audit Committee needs financial literacy, the Compensation Committee needs 'compensation literacy" as well as financial literacy," says Hayhurst. "Have the rights skills on the Board." 2. Hayhurst recalls Steven Covey's thinking, "begin with the end in mind" as a way to look outward, using stories of the future to surface assumptions. He suggests that when establishing executive compensation, directors test it against a number of future scenarios and imagine the headline or blog that would accompany public disclosure. 3. "Educate yourself today," Hayhurst also advises. "Read all you can on current trends and future thinking in the area of executive compensation. Every director on a compensation committee is responsible for their due diligence before agreeing to a compensation proposal. Be aware of the issues and be able to ask relevant questions." 4. Hayhurst also advises that directors look at other examples of good practice. "There are companies in Canada providing full and transparent disclosure on their executive compensation processes — BCE, for example. Even if the example is not in your industry or your size of company, these organizations give you an idea of what the market is doing." 5. Finally, says Hayhurst, be prepared to have a CEO not get paid well in a particular year. "Your responsibility as a director is to pay for performance, not for attendance," he says. A Proposed Model for Executive Compensation — The ICD model has three essential components to ensure a balanced and fair outcome: process, disclosure and governance/ accountability. ICD recommends the Compensation or Human Resource Committee of the board follow a defined and transparent process in determining the compensation for the CEO based on a thorough understanding of the business model, strategy and goals that aligns CEO incentives and investor interests. Concerning disclosure, it is essential all information regarding the process for determining CEO compensation and the elements of the arrangement be presented in plain English. It is ICD's view that creative individuals will find ways around disclosure guidelines if they are over-prescribed. As well, the information should capture all of the relevant sources of compensation for the CEO and their costs to the organization. Finally, in order to accurately align the CEO's compensation with stakeholder interests, a large portion of executive compensation should be ‘at risk’ — that is, pay-forperformance measures as the basis for executive compensation arrangements. For more information on the Institute of Corporate Director's Blue Ribbon Commission on Executive Compensation in Canada contact Irene Seiferling at 665-2233, ICD Saskatchewan, or visit www.icd.ca. Page 12 APRIL 2007 Business View Celebrate Success! Announces the Finalists for 2007 Finalists for a variety of awards were announced recently at the Celebrate Success! Finalist Reception. Co-hosted by the Greater Saskatoon Chamber of Commerce and Women Entrepreneurs of Saskatchewan Inc., the Celebrate Success! Awards Gala will be on May 15, 2007. The ATHENA® Award, Award of Innovation, and the Saskatoon Awards for Business Excellence (SABEX) Awards, including the prestigious Hall of Fame Award, will be presented. Visit www.eboardoftrade.com for Gala ticket information. SABEX Community Involvement Sponsored by SaskTel Associated Engineering (Sask) Ltd. FirstSask Credit Union MD Ambulance TCU Financial SABEX Customer Service Sponsored by CIBC Cardwell Murphy Counseling Centennial Plumbing, Heating & Electrial Parkville Manor Saskatchewan Mutual Insurance Co SABEX Growth & Expansion Sponsored by Muskeg Lake CREE Nation Associated Engineering (Sask) Ltd. Bath Fitter Prairie West Fabricating Venmar CES, Inc. SABEX Marketing Sponsored by Handy Rentals 1-800-GOT-JUNK? Centennial Plumbing, Heating & Electrial Cravings Maternity & Baby, Inc. Frakas, Shops for Women Inc. SABEX New Business Venture Sponsored by: Global Infobrokers 1-800-GOT-JUNK? Angles Salon Spa Cravings Maternity & Baby, Inc. FIS Structural & Finishing Co. Ltd. SABEX New Product Sponsored by: Sask Research Council Maxem Poker Picatic E-Tickets Inc. Tiny Eye Technologies Corporation Wild Serendipity Foods SABEX Business of the Year Sponsored by BMO Bank of Montreal Associated Engineering (Sask) Ltd. Lafond Insurance & Financial Services Mourning Glory Funeral Services Inc. SABEX Small Business of the Year Sponsored by Union Securities Cardwell Murphy Counseling Ecol Laser Frakas, Shops for Women Inc. SABEX Hall of Fame Sponsored by RBC Financial Group To be announced ATHENA®Award Sponsored by Business & Professional Women and SaskPower Myrna Bently (Concentral Financial) Debby Criddle (Nightingale Nursing Grp) Arla Gustafson (United Way) Award of Innovation Presented by Industry Liaison Office, University of Saskatchewan (ILO) and Innovation Place Dr. Larry Gusta (co-inventors: Wu Guohai, PhD, and Albert James Robertson, PhD) Dr. Vipen Sawhney Dr. John Gordon (co-inventor: Lang Li, PhD) Martin Reaney (co-inventor: Dushmanthi Jayshinghe) “There’s a positive vibe here.” Go where the jobs are: www.saskjobs.ca Business View APRIL 2007 Page 13 Members in the News ... Greater Saskatoon Chamber of Commerce Saskatchewan Research Council is celebrating 60 years of smart science solutions. SRC plays a role in most of Saskatchewan’s strategic sectors including emerging sectors such as bioenergy. SRC is looking to the future for continued success. On-Line Auction www.saskatoonchamberauction.com If your company is able to donate an item to the Chamber’s On-Line Auction in support of our office renovation fund, it would be greatly appreciated. Dr. Surinder Kumar, Chairman and Chief Executive of Vecima Networks Inc. recently announced the addition of Wayne Fredin as Vice President of Sales, and Graham Carrothers as Corporate Counsel and Secretary. In addition, Dr. Kumar announced the promotions of Doug Fast to Executive Vice President, Tracy Miller to Vice President of Manufacturing, and Sumit Kumar to Vice President of Corporate Strategy. Looking for great deals ... place your bid now ! For more information, please call: Jim Zaiachkowski, at (306) 664-0713 OR [email protected] Doug Pocha of Prairie Cedar Homes was recently awarded the 2006 Top Achievement Award as Top Lindal Cedar Homes Dealer in Canada, and received the prestigious Premier Club Award, given to the top 15 dealers worldwide. Shawna Nelson, Director of Sales and Marketing at the Radisson Hotel Saskatoon, was presented the 2006 Public Relations Campaign of the Year Award at the annual Chip Hospitality Conference and Awards Gala in Quebec City. Fytokem has launched a new product, featuring the extract of Epilobium angustifolium, commonly known as fireweed or Canadian Willowherb. It’s used as an anti-irritant and antiinflammatory in more than 450 products from baby wipes to shampoos, and now Fytokem has put that extract into its own retails product, Canadian Willowherb TM Skin Lotion. For the second year in a row, Innovation Place has been named one of Canada’s Top 20 Best Small & Medium Employers. This honour recognizes outstanding Canadian employers with employees who report a superior level of engagement in their workplace duties. The list of BSME employers is compiled by Queen’s University School of Business in partnership with Hewitt Associates. North Ridge Development Corporation was awarded the Canadian Home Builders’ Association’s National Award for Best New Home between 1500 and 2200 sq ft 2006 for Wentworth at the Willows. North Ridge was also a finalist in Sales Excellence. Twelve homebuilding teams have been selected by CMHC to build pilot demonstration homes throughout Canada, including Saskatchewan based Nationswest Innovative Housing Partnership (NIHP), which is comprised of Nexus Solar Corporation and the Battlefords Tribal Council. Equilibrium homes combine resource- and energy-efficient technologies in order to reduce their environmental impact. The on-line construction journal is featured at http://www.nexussolar.com. Page 14 The International Biology Olympiad 2007 Committee is counting the days until IBO 2007 takes place in Saskatoon, the first IBO event to occur in North America. During the IBO, students and jury members will experience Saskatchewan’s culture and legendary hospitality. The Committee expects almost 5,000 international participants to attend. Visit http://ibo2007.usask.ca for details. HEALTHSERV was recently a finalist at the Saskatchewan Healthcare Execellence Awards in the category of Customer Service. Schothorst Feed Research, Lelystad, The Netherlands, and Prairie Swine Centre, Saskatoon, have signed an agreement to formalize cooperation in swine nutrition research. Through this agreement both organizations aim to further strengthen their respective competencies and experience, thereby expanding both the quantity and breadth of research output. Business & Leadership Programs at the Centre for Continuing & Distance Education of the University of Saskatchewan is presenting Leadership Conference 2007, Leaders Moving Forward: The Road to Integrated Leadership, May 1 & 2 at TCU Place. Visit www.learntolead.usask.ca, or call 966-4742 for details. Junior Achievement (JA) of Saskatchewan is pleased to announce the appointment of Darren Hill to the position of President and Chief Executive Officer. In his new role, Hill will be responsible for all planning, finance, fund raising, programming, public relations and administrative operations of the JA provincial organization. APRIL 2007 Business View “Chamber on Business” Luncheons Awards Gala The Honourable Andrew Thomson Finance Minister of Saskatchewan "2007 Financial Update" May 15th, 2007 Friday, April 27th, 2007 Ramada Hotel President, University of Saskatchewan TCU Place Cocktails 6:00 pm Dinner 7:00 pm Awards 8:00 pm "State of the University" Address Tickets: $95 + GST / person ... $750 + GST / table of 8 Peter MacKinnon st Tuesday, May 1 , 2007 For more information visit: www.eboardoftrade.com or call the Chamber @ 244-2151 Sheraton Cavalier Hotel COME CELEBRATE! Brad Wall Thank you to all our sponsors Leader of the Saskatchewan Party For our full sponsor listing please visit www.eboardoftrade.com Wednesday, May 23rd, 2007 Delta Bessborough Hotel Maura Davies President & CEO, Saskatoon Health Region "State of the Health Region" Address Tuesday, June 26th, 2007 Wednesday, June 6th, 2007 Radisson Hotel Moon Lake Golf & Country Club Shot Gun Start: 1:00 pm BBQ: 6:30 pm Sponsor a Hole Sponsor a Prize or Golf a Round Information Security Workshop Wedneday, April 25th, 2007 For more information call: (306) 244-2151 9:00 am - 4:00 pm Willows Golf & Country Club Topic Coverage: MEMBER ACTION REQUIRED How to Secure Your Computer and Data Protecting Business Information Assets Business Continuity and Policy Management A Guide to Security Email and Monetary-transactions A Summary of the State of Internet Security The Chamber is poised to begin electronic invoicing! In order to facilitate this process, we are asking that you confirm which e-mail address you wish to receive your organization’s invoices. Please e-mail this information to: [email protected] Contact the Chamber Office @ 244-2151 Business View APRIL 2007 Page 15