Honourable Robert René De Cotret Commemorative Fund (712240301294)

TERMS OF REFERENCE FOR AN ENDOWED FUND

NAME OF ENDOWED FUND

Honourable Robert René de Cotret

Commemorative MBA Admission Scholarship

INTRODUCTION

This scholarship was created in memory of the Honourable Robert René de Cotret, who passed away in July 1999. Robert René de Cotret was an economist, corporate executive, federal politician, teacher, mentor, and devoted family man. An Ottawa native, Mr. René de Cotret began his adult life at the University of Ottawa where he pursued a degree in Economics. After obtaining an MBA at McGill and pursuing a doctoral degree in business economics at the University of Michigan in Ann Arbor, he was invited to serve on the President’s Council of Economic Advisors in Washington from 1970-71. In 1972, he returned to Canada where, after a brief stint as monetary policy advisor to the Department of Finance, he joined the Conference Board of Canada where he eventually served as its President and Chief Executive Officer from 1976 to 1978. Throughout his early career, Mr René de Cotret taught at the Universities of Michigan, Ottawa, and Carleton.

Mr. René de Cotret was a strong believer in Canada and its potential as a leading economic power. In 1978 he answered the call to serve and entered federal politics. He ran and won in a by-election in the riding of Ottawa Centre. After losing his seat in the general election of 1979, he was appointed to the Senate of Canada during which time he also held concurrently the position of Minister of Industry, Trade and Commerce and Minister of State for Economic Development in the Clark government. He left the Senate to run in the 1980 general elections. In the early 1980’s he briefly left political life and joined the National Bank of Canada as Executive Vice-President. In 1984 he returned to politics as a Member of Parliament for Berthier-Montcalm, a seat which he held until 1993. During that time, he served with distinction in various positions in the cabinet of the Mulroney government. He was President of the Treasury Board, Minister of Industrial and Regional Expansion, Minister of State for Science and Technology, Minister of the Environment, and Secretary of State. In 1993, he retired from political life and was named as Canada’s representative to the World Bank in Washington.

After his tenure in Washington, Mr. René de Cotret returned to his roots and joined the Telfer School of Management as executive-in-residence, director of internships and a professor in the International MBA program. He took great pleasure in academic life and loved devoting time to his students and in contributing, in his own humble way, to the next generation of business, academic, and government leaders. The René de Cotret Family and the Telfer School of Management thank the original donors for their contributions which helped to create this fund back in 1999.

PURPOSE OF FUND

To attract the best and brightest students to the Telfer School of Management’s MBA Program by providing scholarships on the basis of academic merit.

SCHOLARSHIP DETAILS

Eligibility Criteria

The applicant must:

1. be admitted into the intensive or professional MBA program at the Telfer School of Management;

2. be bilingual in both official languages;

3. have a minimum CGPA of 7.0; and

4. articulate an intent to pursue a career in public service or international affairs.

Note: Preference will be given to students with an undergraduate degree in Social Sciences with concentration in Economics or Political Science.

Value of the Award: Minimum $1,000

Number of Awards: Variable

Frequency of the Award: Annual

Renewable: No

Level of the Award: MBA

APPLICATION PROCEDURE

No application is required, every student admitted full-time or part-time to the MBA program will be deemed eligible. The candidates will be evaluated on the basis of the documents submitted at the time of their application for admission to the MBA program including the curriculum vitae, academic transcripts, proof of bilingualism and a letter from the applicant detailing his/her interest in public service or international affairs.