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2010 Annual Report

saskatchewan chamber of commerce

www.saskchamber.com

Saskatchewan Chamber of Commerce Officers

Richard Ahenakew Chair Northern Lights Casino

Holly Hetherington Past Chair Executive Source Partners

Pat Friesen 1st Vice-Chair Innovation Credit Union

Grant Isaac 2nd Vice-Chair Cameco Corporation

Saskatchewan Chamber of Commerce Board Members

Bruce Anderson b-creative group Inc.

Ted Hillstead Cogent Business Consulting CGAs

Randy Beattie PFM Capital Inc.

Lester Lafond Aboriginal Management Search

Cam Cooper Praxis Group

Shawna Nelson Sheraton Cavalier Saskatoon

Pat Pitka PWP Holdings

Marion Ghiglione Handy Group of Companies

Fred Titanich CAA Saskatchewan

Saskatchewan business making the province the best place to live, work and invest.

YEAR IN REVIEW

“There is a quote that inspires me as to where the chambers are today: ‘If I have seen further it is only by standing on the shoulders of giants’.”

CHAIR’S REPORT CHAIR’S REPORT Tansi, As I prepare to end my term as Chair of the Saskatchewan Chamber, I wish to thank those who had the confidence in me to take the reins of this wonderful organization that continues to positively impact the future of Saskatchewan for generations to come. It has been a privilege to work alongside the Board; an exceptional team who exceeded all expectations in giving their time for the greater good. In addition, I wish to express my sincere gratitude to the chamber staff for displaying the highest levels of professionalism, work ethic and dedication. Your work throughout the year has impressed all who have had the opportunity to see you in action. I would also like to thank the past Chairs and the many past Board members who through their efforts developed the chamber to the successful organization it is today. Your work Richard Ahenakew, Chair provided the strong foundation that enabled us to continue to strengthen the board, secure expert committees, and meet governance objectives. As we build around the vision of the past chamber members, we will successfully meet the challenges that come with a new Saskatchewan. The movement that started in Action Saskatchewan continues to drive change in the province and has been instrumental in reuniting families as they come home, helping businesses grow, and renewing pride with residents in our communities. In a time when we saw jobs being eliminated across Canada, Saskatchewan remained focused and took the lead in Canada in job creation and continued to surpass that magic million mark in population. The world continues to look at Saskatchewan with eager anticipation to see what the province will do next and I am confident Saskatchewan businesses will continue to impress and strengthen their presence in many markets around the world. Collaborative work like the “A Change Today for Your Tomorrow” tax plan shows what can be achieved when business leaders of this province are willing to put forth exceptional effort and hard work. The tax plan provides a strong, balanced blueprint on how to make Saskatchewan’s future brighter for the people of this great province. I would like to thank our partners, Mr. Jack Vicq, and the Canada West Foundation for the time, research and work that was compiled. There is a powerful enthusiasm for the chamber movement across Saskatchewan and the commitment of many chambers throughout the province. There is a quote that inspires me as to where the chambers are today: “If I have seen further it is only by standing on the shoulders of giants.” Whether it be the Humboldt Chamber, the Regina Chamber, Saskatoon Chamber or the Saskatchewan Chamber - we owe much to those who, in the past, dedicated so much for our future by building a foundation that enables us to achieve today and continue with good work. My respect and admiration goes out to those individuals that have taken the time to assist local, provincial or national chambers and I wish much success to those who will serve on future chambers. In closing, thank you to our Expert Committees who continue to rise to action each and every year. My thanks again to Steve, the staff of the Saskatchewan Chamber, and the Board for the continued support you provided me with this year. It is your teamwork and strength that has put the chamber on a successful path. My sincere gratitude to those past Chairs who took time to mentor me, guide me, and share their wisdom during this past year. It has been an honour to walk in your footsteps.

4

Ekosi, Teniki

CEO REPORT CEO REPORT

It has been a very busy and productive year for the Saskatchewan Chamber of Commerce. We concluded a three year effort which saw our staffing structure and communications tools enhanced in 2008, the membership structure and board governance was renewed in 2009 and in the past year we continued our governance process and greatly improved our events and interaction levels with other groups. In a nutshell, we are now stronger and much better positioned to serve our members’ interests and to work with our partners on projects of merit. We have our own office in order and it’s providing benefits both financially and through enhanced productivity. The core revenue streams from membership and events Steve McLellan, CEO have also been critical to us. This year they, along with some new projects, put us over a million in gross revenue. This is an important milestone as it gives us latitude to move into new and fundamental directions as a player of substance. We also saw a very positive year-end balance and we will look to use our reserves to build future strengths. The staff continues to perform admirably on all aspects of the Chamber work and I thank and acknowledge each of them for their effort. While most are new to the Saskatchewan Chamber, they are proving to be fast learners in this exciting environment. We have two permanent staff off on maternity leave and their term replacements are doing great work. If there was a single effort that marked 2010 as unique, it would be the success of the partnership we created in the development of the tax reform project: A Change Today for Your Tomorrow. The partners were supportive and very productive in every aspect, and I sincerely thank them for their shared vision. The outcomes will prove to be, when enacted by government, a transformational series of events for the province.

YEAR IN REVIEW

“I thank the Board for their vision, the staff for their tireless effort, and most importantly the members for their continued support.”

The changes in the three years I have been at the Chamber have been many and sometimes significant. I thank the Board for their vision, the staff for their tireless effort, and most importantly the members for their continued support. The Saskatchewan Chamber of Commerce is strong and growing stronger and it is that strength, or more accurately the sharing of that strength, which will enhance the entire Chamber network in Saskatchewan and across the country. We all know that a strong chamber makes for strong businesses which encourage strong communities: all to help to grow Saskatchewan.

Steve McLellan CEO

5

YEAR IN REVIEW

The most comprehensive tax plan for Saskatchewan since the 1960s. The partners outlined seven recommendations in personal income taxes, property taxes, sales taxes and corporate taxes.

6

A A Change Change Today Today For For Your Your Tomorrow Tomorrow The Saskatchewan Chamber of Commerce, the Institute of Chartered Accountants of Saskatchewan, Association of Saskatchewan REALTORS®, Certified General Accountants of Saskatchewan and the Certified Management Accountants of Saskatchewan came together to undertake the most comprehensive review of Saskatchewan’s tax environment since 1965. The organizations contracted the Canada West Foundation and its Saskatchewan Director Mr. Jack Vicq, FCA, to create a report outlining the current situation and to identify reforms to enhance the Province’s tax policy. The study reviewed personal income taxes, property taxes, sales taxes and corporate taxes, and developed a comprehensive taxation enhancement strategy. The Partners believed that a longer term perspective based on the best available research and advice from world leaders in the area of tax policy was required. Instead of solely relying on advice from select interest groups, and looking at taxation on a piecemeal basis, this longer term comprehensive plan benefits the government and the people of Saskatchewan. It was agreed from the start that the focus was not just on ‘what’s good for business.’ It was clear that good tax policy would provide positive benefits to all residents. The partners also believed that while the final responsibility for implementation of provincial taxes lies with the Government, they can do their jobs more effectively with sound, wellresearched advice. This process provides that level of advice. The Provincial Government and the Opposition were fully briefed on the plan and its benefits. Over 700 hundred Saskatchewan residents listened to the presentation at local chamber events. The full report was released October 2010.

Environment Committee Environment Committee

YEAR IN REVIEW

Chaired by Robert Schutzman The Saskatchewan Chamber’s Expert Committee on the Environment meets 6 times per year to address issues arising from environmental policy that affect business operations in Saskatchewan. The Committee enjoys an ongoing relationship with Saskatchewan Environment and Lin Gallagher, Assistant Deputy Minister, Resource Management and Compliance, who attends most meetings. Water will likely be the key issue for the committee in 2010 – 2011; although that will depend on what moves forward, especially federally, on Climate Change, Clean Air, Environmental Impact Assessment and Fisheries. Additionally, the committee will be monitoring the developing legislation on the Comprehensive Air Management System (particularly Criteria Air Contaminants including ammonium and ozone depleting substances). Work will continue on the implementation of the Environmental Management Model. This will be much more than ‘monitoring,’ and currently includes substantive effort to work on the Code Development Committee, and likely the Code Technical Committees. That work must be done to promulgate the first Code, to enable the legislative changes that have been passed to be declared in force. Environment Committee Chair Robert Schutzman

Work will also be done to influence the Province to commit and do the ‘management’ and communication parts of the model. Meanwhile, the committee will ensure the government continues to provide the existing services to facilitate developments, e.g. in the Mining Sector.

Finance Committee Finance Committee Chaired by Mike Dillon and Colleen Vancha The Saskatchewan Chamber’s Finance Committee works to address issues related to the taxation of businesses at both the federal and provincial levels. In 2011, the Committee will continue to look for new ways to bring attention to the recommendations contained in the recent report “A Tax Plan for Saskatchewan’s Continuing Prosperity.”

Work will continue on the implementation of the Environmental Management Model. This will be much more than ‘monitoring,’ and currently includes substantive effort to work on the Code Development Committee, and likely the Code Technical Committees.

Since 2011 is an election year, it will be a priority for the Finance Committee to continue advocating for the incorporation of the tax report recommendations into the election platforms of Saskatchewan’s major political parties. Meetings with appropriate MLAs will continue throughout the year in order to remind them that the Chamber believes in the principles of clarity and transparency when dealing with financial policy, and that the tax report recommendations exemplify those principles. The Chamber’s annual Economic Outlook survey which canvasses the Saskatchewan Chamber membership to gather their opinions on various economic issues in the province will continue to be conducted in 2011. 7

YEAR IN REVIEW

Investment & Growth Committee Investment & Growth Committee

Chaired by Fred Titanich The Saskatchewan Chamber’s Investment and Growth Committee works to create and advocate policies that would allow for improvements to be made to Saskatchewan’s business environment. These improvements would encourage sustainable economic growth and development in the province.

A priority issue for the Investment & Growth Committee in 2011 will be to draw more attention to the need for greater investment into roads and infrastructure in northern Saskatchewan.

The Committee was instrumental in the creation of the Chamber’s Energy Task Force which met regularly throughout 2010. The Energy Task Force was made up of key individuals from SaskPower, private power generation companies, large electricity consumers in the province, and others who have an interest in Saskatchewan’s energy future. Another priority issue for the Investment & Growth Committee in 2011 will be to draw more attention to the need for greater investment into roads and infrastructure in northern Saskatchewan. Other issues that the Committee will focus on are the ongoing evaluation of Innovation Saskatchewan, the viability of SaskPower’s clean coal project, and exploring opportunities in all of Saskatchewan’s various resource sectors. The insufficient amount of investment capital in Saskatchewan, as well as a lack of youth entrepreneurship here, will be additional issues explored by the Committee in 2011. The Committee will also continue to press the government in 2011 to encourage the adoption of lean processes and the elimination of waste and non value-added activities within the Crowns.

I & G Committee Chair Fred Titanich with Committee Member John Houlden

Human Human Resources Resources Committee Committee Chaired by Bruce Anderson The Saskatchewan Chamber’s Human Resources Committee works to express the viewpoints of Saskatchewan business on a variety of issues including human resource planning, immigration, labour market analysis, labour force development, occupational health and safety, and worker’s compensation. In August 2010, the Board of Directors authorized the creation of the Sask Labour Market Task Force with a mandate to implement the recommendations of the 2009 SLMC strategy. Since very little strategic effort had been undertaken since the release of the report it was felt that the Saskatchewan Chamber should lead the effort or we’d face a workforce “tsunami” once the economic situation returned to normal. In 2011 the Committee will continue to advocate for both the federal and provincial governments to adopt a more holistic approach to providing immigration and settlement services and programs. The Committee will also continue to monitor any proposed changes in the Employment Insurance program in 2011 and assist the Canadian Chamber of Commerce in their lobbying efforts as appropriate.

8

Youth, Education & Training Committee Youth, Education & Training Committee

YEAR IN REVIEW

Chaired by Beverly Crossman The Saskatchewan Chamber’s Youth, Education and Training Committee works to address issues related to youth, education, the representative workforce, training issues and skills shortages. The Committee will continue to push the government to provide feedback on the latest Student Achievement Report and then act upon the recommendations contained in it. If the recommendations in the report prove to not be substantive enough, the Committee will advocate for the government to adopt changes that are more productive and comprehensive than those in the report. Encouraging more youth entrepreneurship in Saskatchewan, more Aboriginal involvement in the workforce and continuing to discuss the ongoing skills shortage in the province will also be priorities for the Committee in 2011. The Board of Directors initiated a sub committee to examine the student achievement issues and to create a new view of K-12 education in Saskatchewan. Cam Cooper, Holly Hetherington and Shawna Nelson crafted a discussion paper entitled “Student First.” It will portray some of the opportunities Saskatchewan will miss if the K-12 system is not operating more effectively. Student achievement is deemed a key business issue and this paper will move the issue further into the forefront. Shawn Nelson will act as the liaison between Student First and the YET Committee.

Membership & & Partnership Partnership Committee Committee Membership

Chaired by Pat Friesen The role of the Membership and Partnership Committee is to keep lines of communication open between the business community, members and other Chambers of Commerce / Boards of Trade. The end result is to establish and maintain relationships with those groups and thus enhance the value of membership in the Saskatchewan Chamber of Commerce.

The Chamber’s Facebook page has grown dramatically and is being used to target current and potential members. It is also a way to share information on activities and events.

Specific membership goals surround growing the number of Chamber members, including a push to increase the number of large businesses as members and build the list of young entrepreneurs involved with the Chamber. The energy sector was successfully targeted to bring on new members in 2010. The Committee would like under-represented sectors such as forestry, agriculture, and aboriginal business to be addressed in 2011. Members attending 2010 Political Forum

9

YEAR IN REVIEW

The ABEX Awards

The ABE X Awards

Business Hall of Fame Miners Construcion Co. Ltd. was named to the “Saskatchewan Business Hall of Fame” at the 2010 Achievement for Business Excellence (ABEX) Awards Dinner held on October 30th in Regina.

The 2010 ABEX finalists and winners were honoured at an East Indian themed ceremony, attended by over 700 people from across the province.

The “Saskatchewan Business Hall of Fame” was established by the Saskatchewan Chamber of Commerce to recognize cornerstone businesses that have demonstrated excellence, and contributed to the economic well-being of the people of the province over an extended period of time. Richard Ahenakew, Chair of the

Miners Construction is one of the oldest established Saskatchewan Chamber of Commerce the award to Howard Stensrud of commercial contracting firms in the province. With nearly presents Miners Construction Co. Ltd. 100 years in the construction industry, Miners has been involved in the construction of nearly every type of building and plant in Saskatchewan, including water treatment plants, medical centres, schools, processing facilities and warehouses. Miners Construction is tremendously involved in community associations with aproximately 25 percent of their time used volunteering at Cosmopolitan Industries in Saskatoon working with over 400 physically and mentally disabled people. Miners Construction is the 23rd entrant into the Business Hall of Fame.

Business of the Year Jay’s Moving & Storage Ltd. was named Saskatchewan’s “Business of the Year” at the 27th ABEX Awards. Jay’s currently has 12 full-service offices and warehouses with over 400 staff and over 600 pieces of equipment. The company continues to expand its moving and freight capabilites to serve their customers better. Jay’s Moving & Storage Ltd. was also the winner in the “Service” Award. The “Business of the Year” is selected from all ABEX entrants as the business demonstrating performance that is particularly outstanding and deserving of praise.

Colleen Yaremchuk, Jay’s Moving & Storage accepts the 2010 Business of the Year Award from Sanj Singh, Director of the W. Brett Wilson Centre for Entrepreneurial Excellence; Terry Pylatuk, Jay’s Moving & Storage Ltd, accepts the award as well.

The performance may represent either individual achievement or an overall success and is judged according to the usual evaluation criteria of profitability, growth, stability, and investment strategy. The jury considers the relative size of the business, as well as its own particular market circumstances. 10

The ABEX Awards The Aboriginal Business Award Pronto Airways Limited Partnership, Saskatoon The Business Leader of the Year Award Harry Watson, Triple 4 Advertising Ltd., Moose Jaw The Community Involvement Award Border Line Feeders Inc., Ceylon The Environment Award Rescan Environmental Services Ltd., Saskatoon The Exports Award Display Systems International, Ltd., Saskatoon The Growth & Expansion Award Mosaic, Regina The Health Innovation Award Crestline Coach Ltd, Saskatoon The Honorary ABEX Award The Saskatchewan Roughriders, Regina The Job Creation Award Point2 Technologies, Saskatoon The Marketing Award Diamonds of Detroit, Humboldt

YEAR IN REVIEW

The annual ABEX Awards recognize outstanding business achievements by honouring the efforts of successful companies, large and small, and paying tribute to achievers.

The TIA New Saskatchewan Product Award NetSecure Technologies, Regina The New Venture Award EXIT Realty Fusion, Regina The Service Award Jay’s Moving & Storage LTD., Saskatoon The Young Entrepreneur of the Year Award Dr. Lorraine Forster, Prairie’s Edge Development Corp, Humboldt

Category Sponsors BHP Billiton Cameco Enterprise Saskatchewan Handy Special Events KPMG MD Ambulance / Saskatoon Health Region / Regina Qu’Appelle Health Region PFM Capital Inc. Saskatchewan Research Council Saskatchewan Trade & Export Partnership Saskatchewan Workers’ Compensation Board SaskEnergy SaskWater Viterra W. Brett Wilson Centre for Entrepreneurial Excellence

Patrons Certified General Accountants of Saskatchewan Cogent Business Consulting Evraz Inc. NA Great West Life, London Life, Canada Life Inland AV Potash Corporation of Saskatchewan Mosaic Canada SaskPower SaskTel The StarPhoenix / The Leader-Post

11

THE 65th

ANNUAL GENERAL MEETING MINUTES The following are the minutes of the 65th Annual General Meeting of the Saskatchewan Chamber of Commerce held at the Art Hauser Centre in Prince Albert on May 6, 2010, at 8:00 a.m. The Chair, Ms. Holly Hetherington presided, and a quorum being present, declared the meeting convened and introduced the head table which included Mr. Richard Ahenakew, 1st Vice Chair; Mr. Dale Lemke, Immediate Past Chair; Ms. Marion Ghilglione, Board Director; and Ms. Pat Friesen, 2nd Vice Chair. On a motion by Mr. Alan Thomarat, seconded by Mr. John Hopkins, the 65th Annual General Meeting agenda was approved.

The 2010 Conference on Business

Ms. Holly Hetherington presented a detailed overview of the year, including references to recent advocacy wins with regards to the environmental management model and Bill 80. Ms. Hetherington also referred to the Chamber’s advocacy work on the Employment Code, K-12 Education achievement, Saskatchewan’s future energy supply and taxes. Ms. Hetherington reported on the renewal of the Chamber’s strategic plan, as well as on the success of the Chamber’s events, including the ABEX Awards and the State of the Province Address. Ms. Hetherington also expressed her appreciation for the support received from the individuals on the Expert Committees, the Board of Directors, the Chamber staff and the membership. The Rules of Procedure were explained pertaining to the voting process. ANNUAL REPORT & MINUTES On motion of Ms. Linda Machniak, North Battleford; seconded by Mr. John Hopkins, Regina; the 2009 Annual Report of the Saskatchewan Chamber of Commerce, which included the Minutes of the 64th Annual Meeting held May 6, 2009 in Swift Current, was approved.

CEO REPORT Mr. Steve McLellan presented a detailed overview of the year as C.E.O. of the Saskatchewan Chamber Commerce, including references to the success of events such as the ABEX Awards The 2010 ABEX Awards and Political Forum. He reported that the Chamber is currently working on the creation of a Tax Enhancement Plan in partnership with the Canada West Foundation, and that the work of the Growth Strategy Task Force continues, along with a new task force on energy. Mr. McLellan also reported that the Chamber will be involved in a pilot project called “ThirdQuarter” which is an initiative to help fill jobs in the workplace with skilled workers of ages 50-65. Mr. McLellan expressed his appreciation for the hard work the Board of Directors, Committee members and Chamber staff. BYLAW CHANGES Ms. Marion Ghiglione presented a Governance Committee Report, and outlined the bylaw changes, which included the removal of the Executive Committee, a detailed succession plan for the Officers on the Board, and a change to the voting privileges to include only Saskatchewan Chamber of Commerce members in attendance at the AGM. 12

On motion of Ms. Marion Ghiglione, Saskatoon; seconded by Mr. Ted Hillstead, Weyburn; the proposed Bylaws changes of the Saskatchewan Chamber of Commerce were approved. NOMINATIONS As Chair of the Nominating Committee, Mr. Dale Lemke described the election process and reported the following results of the Saskatchewan Chamber of Commerce Elections for the four open seats on the Board of Directors, each of which with a three year term: Mr. Bruce Anderson, Regina; Mr. Randy Beattie, Regina; Ms. Shawna Nelson, Saskatoon; Mr. Pat Pitka, Saskatoon.

Humboldt launch of the ThirdQuarter Program

Mr. Lemke reported that these newly elected Directors, along with the four appointed Officers Mr. Richard Ahenakew, Chair; Ms. Pat Friesen, 1st Vice Chair; Mr. Grant Isaac, 2nd Vice Chair, and Ms. Holly Hetherington, Immediate Past Chair, and remaining Directors Mr. Cam Cooper, Ms. Marion Ghiglione, Mr. Ted Hillstead, Mr. Lester Lafond and Mr. Fred Titanich make up the 13 person Board of Directors. The Elected Directors and Appointed Officers were approved on motion of Mr. Kent Smith-Windsor, Saskatoon; seconded by Mr. Alan Thomarat, Saskatoon. FINANCIAL REPORTS The audited Financial Reports of the Saskatchewan Chamber of Commerce Foundation for the year ending December 31, 2009, were detailed and adopted on motion of Mr. Pat Pitka, Saskatoon; seconded by Ms. M.L. Whittles, Kenaston.

2010 Conference on Business

The audited Financial Reports of the Saskatchewan Chamber of Commerce for the year ending December 31, 2009, were detailed and adopted on motion of Mr. Pat Pitka, Saskatoon; seconded by Ms. Shawna Nelson, Saskatoon. OTHER REPORTS & ADJOURNMENT Ms. Pat Tenney approached the microphone and expressed her concern over moving the Conference on Business to Regina and Saskatoon, instead smaller communities as practiced in the past. Mr. Kent Smith-Windsor, Mr. Dick DeRyk, and Ms. M.L. Whittles also spoke to the issue. Mr. Steve McLellan replied to the issue brought forward, and reported that the location change will be on a trial basis at which point the Chamber will compare numbers and make a final decision. He also noted that there may be the possibility of a rotation of the Conference between Regina, Saskatoon and an outside community, but currently the Chamber is committed to hosting the Conference in Regina and Saskatoon over the next two years.

2010 ABEX Awards

There being no other matters brought forward to the Annual General Meeting, the Chair declared the Business Session adjourned at 9:10 a.m. 13

KPMG LLP Chartered Accountants McCallum Hill Centre, Tower II 1881 Scarth Street, 20th Floor Regina Saskatchewan S4P 4K9 Canada

Telephone Fax Internet

(306) 791-1200 (306) 757-4703 www.kpmg.ca

INDEPENDENT AUDITORS' REPORT We have audited the accompanying financial statements of Saskatchewan Chamber of Commerce, which comprise the statement of financial position as at December 31, 2010, the statements of operations, changes in net assets, and cash flows for the year then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian generally accepted accounting principles, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform an audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, these financial statements present fairly, in all material respects, the financial position of Saskatchewan Chamber of Commerce as at December 31, 2010 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.

Chartered Accountants Regina, Canada April 11, 2011

SASKATCHEWAN CHAMBER OF COMMERCE Statement of Financial Position

December 31, 2010, with comparative figures for 2009 2010

2009

Assets Current assets: Cash Accounts receivable Supplies and prepaid expenses

$

Investments (note 3) Capital assets (note 4)

163,995 57,973 15,669 237,637

$

375,614 43,122

67,484 25,982 24,574 118,040 375,439 45,453

$

656,373

$

538,932

$

18,483 184,107 202,590

$

15,907 189,932 205,839

Liabilities and Net Assets Current liabilities: Accounts payable and accrued liabilities Deferred membership revenue Net assets: Invested in capital assets Internally restricted (note 6) Unrestricted

43,122 144,751 265,910 453,783

Commitments (note 8) $ See accompanying notes to financial statements. On behalf of the Board: Director Director

1

656,373

45,453 144,751 142,889 333,093 $

538,932

SASKATCHEWAN CHAMBER OF COMMERCE Statement of Operations

Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Membership fees - Business ABEX Awards (Schedule 1) Group insurance Tax Enhancement Strategy (Schedule 5) Conference on Business (Schedule 2) Older Worker's Initiative (Schedule 4) State of the Province Address (Schedule 6) Membership fees - Organization Forum Seminars Action magazine Interest and other Growth Strategy Task Force (note 7) Make a Connection EDC Luncheon Political Forum (Schedule 3) Administrative services Miscellaneous

$

Expenses: Salaries and employee benefits ABEX Awards (Schedule 1) Tax Enhancement Strategy (Schedule 5) Utilities, maintenance and rent Travel and committees Older Worker's Initiative (Schedule 4) Office and administration Conference on Business (Schedule 2) Action magazine State of the Province Address (Schedule 6) Professional services Promotion, publicity and affiliation dues Amortization Political Forum (Schedule 3) EDC Luncheon Production Make a Connection Bad debts

405,586 192,104 97,588 86,000 56,019 48,775 37,419 36,810 33,380 16,840 14,497 13,060 10,450 7,823 7,200 3,671 1,449 1,068,671

2009 $

433,503 94,026 90,063 75,511 75,244 34,373 30,232 24,697 20,948 16,366 15,356 13,777 10,908 5,645 4,321 4,175 3,876 (5,040) 947,981

Excess (deficiency) of revenue over expenses

$

See accompanying notes to financial statements.

2

120,690

371,821 148,671 84,234 58,000 36,980 2,421 19,900 14,765 24,000 3,400 8,959 6,673 779,824 412,601 67,435 65,491 67,339 35,548 46,227 50,584 25,946 6,043 11,012 4,715 6,547 589 800,077

$

(20,253)

SASKATCHEWAN CHAMBER OF COMMERCE Statement of Changes in Net Assets

Year ended December 31, 2010, with comparative figures for 2009 Invested in capital assets Balance, beginning of year

$

Excess (deficiency) of revenue over expenses Net change in investment in capital assets (note 5) Balance, end of year

2010 Total

2009 Total $ 353,346

45,453

$ 144,751

$ 142,889

$ 333,093

-

-

120,690

120,690

-

2,331

-

-

$ 144,751

$ 265,910

$ 453,783

$ 333,093

(2,331) $

Internally restricted Unrestricted

43,122

(20,253)

See accompanying notes to financial statements.

SASKATCHEWAN CHAMBER OF COMMERCE Statement of Cash Flows

Year ended December 31, 2010, with comparative figures for 2009 2010

2009

Cash flows from (used in): Operations: Excess (deficiency) of revenue over expenses Item not involving cash: Amortization of capital assets Change in non-cash operating working capital: Accounts receivable Supplies and prepaid expenses Accounts payable and accrued liabilities Deferred membership revenue

$

Investing: Purchase of capital assets Purchase of investments

120,690

$

(20,253)

10,908

11,012

(31,991) 8,905 2,576 (5,825) 105,263

8,128 87 2,054 9,899 10,927

(8,577) (175) (8,752)

(8,791) (440) (9,231)

Increase in cash

96,511

1,696

Cash, beginning of year

67,484

65,788

Cash, end of year See accompanying notes to financial statements. 3

$

163,995

$

67,484

SASKATCHEWAN CHAMBER OF COMMERCE Notes to Financial Statements

Year ended December 31, 2010

1.

Nature of operations: The Saskatchewan Chamber of Commerce is continued under the Non-profit Corporations Act of Saskatchewan. The primary purpose of the Chamber is to be the voice of Saskatchewan business, making Saskatchewan a better place to live, work and invest.

2.

Significant accounting policies: (a) Revenue recognition: The Chamber follows the deferral method of accounting for revenue. Membership fees are collected in advance and are recognized as revenue on a straight line basis over the term of the membership. (b) Financial assets and liabilities: The measurement basis for financial assets and liabilities depends on whether the financial assets or liabilities has been classified as held for trading, available for sale, held to maturity, loans and receivables, or other financial liabilities. Financial assets classified as held for trading are measured at fair value and changes in fair value are recognized in increase in net assets for the year. Financial assets or liabilities classified as available for sale are measured at fair value with changes in fair value recorded in other comprehensive income, however, unrealized losses considered other than temporary continue to be recognized as a decrease in net assets for the year. Financial assets or liabilities designated as held to maturity, loans and receivables, or other financial liabilities are measured at amortized cost using the effective interest method. The Chamber has no financial instruments designated as available for sale or held to maturity. The Chamber has designated its cash and investments as held for trading. Accounts receivable are designated as loans and receivables. Accounts payable and accrued liabilities are designated as other financial liabilities. The Chamber has elected to apply the disclosure requirements of the CICA Handbook, Section 3861 in place of Handbook Sections 3862 and 3863 which allows for reduced disclosure of the nature and extent of risks arising from financial instruments.

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SASKATCHEWAN CHAMBER OF COMMERCE Notes to Financial Statements (continued) Year ended December 31, 2010

2.

Significant accounting policies (continued): (c) Capital assets: Capital assets are initially recorded at cost. Normal maintenance and repairs expenditures are expensed as incurred. Amortization is provided at the annual rates and methods set out below: Asset

Basis

Office equipment and furnishings Computer equipment and software

Declining balance Declining balance

Rate 10 to 20% 30%

Amortization is charged at one half the normal rate in the year of acquisition and at one half the normal rate in the year of disposal. (d) Income taxes: The Chamber is exempt from income taxes under Section 149(1)(l) of the Income Tax Act. (e) Use of estimates: The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 3.

Investments: Investments are comprised of guaranteed investment certificates that have effective interest rates of 2.20% to 4.40% (2009 - 2.20% to 4.40%) and maturity dates between April 29, 2011 and September 15, 2015 (2009 - September 15, 2010 - October 1, 2013).

6

SASKATCHEWAN CHAMBER OF COMMERCE Notes to Financial Statements (continued) Year ended December 31, 2010

4.

Capital assets:

Cost Office equipment and furnishings Computer equipment and software

5.

Accumulated amortization

2010

2009

Net book value

Net book value

$

165,978

$

136,467

$

29,511

$

34,753

$

91,172 257,150

$

77,561 214,028

$

13,611 43,122

$

10,700 45,453

Invested in capital assets: Change in net assets invested in capital assets is calculated as follows: 2010 Excess of revenues over expenses: Amortization of capital assets

$

Purchase of capital assets

8,577 $

6.

(10,908) $

(2,331) $

2009 (11,012) 8,792 (2,220)

Restrictions on net assets: The Board of Directors has internally restricted an amount for future operating needs.

7.

Related entity: The Chamber controls The Saskatchewan Chamber of Commerce Foundation (the "Foundation") by virtue of its ability to appoint the Foundation's Board of Directors. The Foundation was established to educate the public on related business issues. The Foundation is incorporated under the the Non-Profit Corporations Act of Saskatchewan and is a registered charity under the Income Tax Act. Resources of the Foundation amount to $58,310 (2009 - $101,040), of which $50,000 (2009 - $75,000) represents internally restricted net assets for the long-term viability of the Foundation. The net assets and results from operations of the Foundation are not included in the statements 7

SASKATCHEWAN CHAMBER OF COMMERCE Notes to Financial Statements (continued) Year ended December 31, 2010

7.

Related entity (continued): of the Chamber. Separate financial statements of the Foundation are available upon request. During the year, the Chamber had the following transactions with the Foundation: 2010 Revenue: Tax Enhancement Strategy Growth Strategy Task Force Administrative services

8.

$

25,000 13,060 1,500

2009 $

24,000 1,500

Commitments: The Chamber is committed under a lease for office space with annual rental payments over the next five years as follows:

2011 2012 2013 2014 2015

9.

$

26,494 31,793 31,793 31,793 31,793

Fair value of financial assets and financial liabilities: The fair value of the Chamber's financial assets and liabilities approximate their carrying amounts due to their short term nature.

10. Risk management: Exposure to credit risk, liquidity risk and market risk arise in the normal course of the Chamber's business. Credit risk The Chamber's principal financial assets are cash, accounts receivable and investments. The carrying amounts of financial assets in the statement of financial position represent the 8

SASKATCHEWAN CHAMBER OF COMMERCE Notes to Financial Statements (continued) Year ended December 31, 2010

10. Risk management (continued): Chamber's maximum credit exposure at the balance sheet date. The Chamber's credit risk is primarily attributable to cash, accounts receivable and investments. The amounts disclosed in the statement of financial position are net of allowance for doubtful accounts, estimated based on previous experience and an assessment of the current economic environment. The Chamber does not have significant exposure to any individual customer and has not incurred any significant bad debts during the year. The credit risk on investments is limited because the counterparties are chartered banks with high credit ratings assigned by national credit rating agencies. Interest rate risk The Chamber is exposed to interest rate risk on its investment in guaranteed investment certificates. These certificates have maturity dates between April 2011 and September 2015. 11. Capital management: The Chamber's primary objectives when managing capital is to ensure adequate funding is available to be the voice of Saskatchewan business making Saskatchewan a better place to live, work, and invest in a manner which is sustainable on a long-term basis. Its main source of capital is its net assets. There were no changes to the Chamber's capital structure during the year and there have been no changes to the Chamber's capital management processes and measures since the prior year end. 12. Comparative figures: Certain 2009 comparative figures have been reclassified to conform with the financial statement presentation adopted in the current year.

9

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 1 - ABEX Awards Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Patrons Dinner tickets

$

106,000 86,104 192,104

Expenses: Banquet Promotion Printing Program administration

2009 $

85,500 63,171 148,671

53,902 37,901 1,122 1,101 94,026

Excess of revenue over expenses

$

98,078

37,285 26,289 324 3,537 67,435 $

81,236

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 2 - Conference on Business Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Sponsors Registrations Other

$

Expenses: Food and beverage Rental Administration, committee and other Printing Office Presentations Entertainment Advertising and promotion

32,554 23,465 56,019

2009 $

12,358 4,155 3,691 1,399 1,264 822 760 248 24,697

Excess of revenue over expenses

$ 10

31,322

37,000 18,665 2,335 58,000 15,475 13,117 3,715 4,662 2,090 1,357 5,061 750 46,227

$

11,773

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 3 - Political Forum Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Registrations

$

7,200

Expenses: Banquet

2009 $

3,400

5,645 5,645

Excess (deficiency) of revenue over expenses

$

1,555

4,715 4,715 $

(1,315)

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 4 - Older Worker's Initiative Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Funding from Manitoba Chamber of Commerce

$

Expenses: Coordinator contracts Miscellaneous

48,775

2009 $

33,600 773 34,373

Excess of revenue over expenses

$

12

14,402

-

$

-

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 5 - Tax Enhancement Strategy Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Sponsors Foundation transfer (note 7)

$

Expenses: Tax report Promotion Registration

61,000 25,000 86,000

2009 $

75,000 13,187 1,876 90,063

Deficiency of revenue over expenses

$

(4,063)

-

$

-

SASKATCHEWAN CHAMBER OF COMMERCE Schedule 6 - State of the Province Address Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Registration

$

Expenses: Rental Miscellaneous Production

37,419

2009 $

10,955 3,811 1,600 16,366

Excess of revenue over expenses

$

14

21,053

-

$

-

KPMG LLP Chartered Accountants McCallum Hill Centre, Tower II 1881 Scarth Street, 20th Floor Regina Saskatchewan S4P 4K9 Canada

Telephone Fax Internet

(306) 791-1200 (306) 757-4703 www.kpmg.ca

INDEPENDENT AUDITORS' REPORT We have audited the accompanying financial statements of Saskatchewan Chamber of Commerce Foundation, which comprise the statement of financial position as at December 31, 2010, the statements of operations and unrestricted net assets, and cash flows for the year then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian generally accepted accounting principles, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform an audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, these financial statements present fairly, in all material respects, the financial position of Saskatchewan Chamber of Commerce Foundation as at December 31, 2010 and the results of its operations and its cash flows for the year then ended in accordance with Canadian generally accepted accounting principles.

Chartered Accountants Regina, Canada April 11, 2011

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Statement of Financial Position

December 31, 2010, with comparative figures for 2009 2010

2009

Assets Current assets: Cash Accounts receivable

$

Investments (note 3) $

8,034 276 8,310 50,000 58,310

$

$

25,169 871 26,040 75,000 101,040

Net Assets Net assets: Internally restricted (note 4) Unrestricted

See accompanying notes to financial statements. On behalf of the Board: Director Director

1

$

50,000 8,310 58,310

$

75,000 26,040 101,040

$

58,310

$

101,040

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Statement of Operations and Unrestricted Net Assets

Year ended December 31, 2010, with comparative figures for 2009 2010 Revenue: Conference Auction Interest Youth Business Institute - sponsorship Business Mentorship Institute Counselling Foundation of Canada - Training Other

$

Expenses: Tax Enhancement Strategy Funding (note 5) Growth Strategy Task Force (note 5) Youth Business Institute Office and administration Professional services Silent Auction Interest and bank charges Business Mentorship Institute Counselling Foundation of Canada - Training

4,980 1,529 980 7,489

2009 $

4,395 2,630 2,500 131,774 29,100 1,550 171,949

25,000 13,060 8,869 1,510 1,375 347 58 50,219

26,000 24,893 3,533 1,208 131,774 29,100 216,508

(42,730)

(44,559)

Unrestricted net assets, beginning of year

26,040

70,599

Allocation from internally restricted net assets (note 4)

25,000

-

Deficiency of revenue over expenses

Unrestricted net assets, end of year

$

See accompanying notes to financial statements.

2

8,310

$

26,040

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Statement of Cash Flows

Year ended December 31, 2010, with comparative figures for 2009 2010

2009

Cash provided by (used in): Operations: Deficiency of revenue over expenses Net change in non-cash operating items: Accounts receivable Accounts payable

$

(42,730)

$

595 (42,135)

Investing: Net decrease in investments

62,093 (1,200) 16,334

25,000 25,000

Increase (decrease) in cash Cash, beginning of year Cash, end of year

$

See accompanying notes to financial statements.

3

(44,559)

-

(17,135)

16,334

25,169

8,835

8,034

$

25,169

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Notes to Financial Statements

Year ended December 31, 2010

1.

Nature of operations: The Saskatchewan Chamber of Commerce Foundation (the "Foundation") is continued under the Non-profit Corporations Act of Saskatchewan. The primary purpose of the Foundation is to educate the public on related business issues. The Foundation is a charitable organization registered under The Income Tax Act and as such is exempt from income taxes and able to issue receipts on donations for income tax purposes.

2.

Significant accounting policies: (a) Revenue recognition: The Foundation follows the deferral method of accounting for contributions. Restricted contributions are recognized as revenue in the year in which the related expenses are incurred. Unrestricted contributions are recognized as revenue when received or receivable if the amount to be received can be reasonably estimated and collection is reasonably assured. (b) Financial assets and liabilities: The measurement basis for financial assets and liabilities depends on whether the financial assets or liabilities has been classified as held for trading, available for sale, held to maturity, loans and receivables, or other financial liabilities. Financial assets classified as held for trading are measured at fair value and changes in fair value are recognized in increase in net assets for the year. Financial assets or liabilities classified as available for sale are measured at fair value with changes in fair value recorded in other comprehensive income, however, unrealized losses considered other than temporary continue to be recognized as a decrease in net assets for the year. Financial assets or liabilities designated as held to maturity, loans and receivables, or other financial liabilities are measured at amortized cost using the effective interest method. The Foundation has no financial instruments designated as available for sale or held to maturity. The Foundation has designated its cash and investments as held for trading. Accounts receivable are designated as loans and receivables. Accounts payable are designated as other financial liabilities. The Foundation has elected to apply the disclosure requirements of the CICA Handbook, Section 3861 in place of Handbook Sections 3862 and 3863 which allows for reduced disclosure of the nature and extent of risks arising from financial instruments. 4

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Notes to Financial Statements (continued) Year ended December 31, 2010

2.

Significant accounting policies (continued): (c) Use of estimates: The preparation of financial statements in conformity with Canadian generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Actual results could differ from these estimates.

3.

Investments: Investments are represented by guaranteed investment certificates that have effective interest rates of 1.75% to 2.1% (2009 - 1.50% to 4.06%) and maturity dates between September 19, 2011 and September 17, 2012 (2009 - September 15, 2010 and September 17, 2010).

4.

Restrictions on net assets: The Board of Directors has internally restricted $50,000 (2009- $75,000). The use of these funds is at the discretion of the Board of Directors and is dedicated to the long term viability of the Foundation. Interest earned on the restricted funds may be used for current operations. During the current year $25,000 (2009 - $nil) was transferred from internally restricted net assets to unrestricted net assets.

5.

Related party transactions: During the year the Foundation had the following transactions with Saskatchewan Chamber of Commerce, a party related by way of common control: 2010 Expenses: Tax Enhancement Strategy Funding Growth Strategy Task Force Office and administration

$

5

25,000 13,060 1,500

2009 $

24,000 1,500

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Notes to Financial Statements (continued) Year ended December 31, 2010

6.

Fair value of financial assets and financial liabilities: The fair value of the Foundation's financial assets and liabilities approximate their carrying amounts due to their short-term nature.

7.

Risk management: Exposure to credit risk, liquidity risk and market risk arise in the normal course of the Foundation's business. Credit risk The Foundation's principal financial assets are cash, accounts receivable and investments. The carrying amounts of financial assets in the statement of financial position represent the Foundation's maximum credit exposure at the balance sheet date. The Foundation's credit risk is primarily attributable to cash, accounts receivable and investments. The amounts disclosed in the statement of financial position are net of allowance for doubtful accounts, estimated based on previous experience and an assessment of the current economic environment. The Foundation does not have significant exposure to any individual customer and has not incurred any significant bad debts during the year. The credit risk on investments is limited because the counterparties are chartered banks with high credit ratings assigned by national credit rating agencies. Interest rate risk The Foundation is exposed to interest rate risk on its investment in guaranteed investment certificates. These certificates mature in September of 2011 and September 2012.

8.

Capital management: The Foundation's primary objectives when managing capital is to ensure adequate funding is available to educate the public on related business issues in a manner which is sustainable on a long-term basis. Its main source of capital is its net assets. There were no changes to the Foundation's capital structure during the year and there have been no changes to the Foundation's capital management processes and measures since the prior year end. 6

SASKATCHEWAN CHAMBER OF COMMERCE FOUNDATION Notes to Financial Statements (continued) Year ended December 31, 2010

9.

Comparative figures: Certain 2009 comparative figures have been reclassified to conform with the financial statement presentation adopted per the current year.

7

YEAR IN REVIEW

Special Special Events Events & & Projects Projects Make a Connection Reception – This event, designed to bring together chamber members with Chiefs of Staff, Deputy Ministers and Crown Corporation Presidents, was a great success in 2010. There were over 150 people in attendance at the RCMP Heritage Centre. Great Saskatchewan food, excellent networking and an opportunity to establish new connections were the order of the day. OilPatch 101 – Held November 22 and 23 in Regina at the Hotel Saskatchewan, this full day course was ideal for anyone new to the oil and gas industry and those working in the oil and gas industry in professions not specifically related to oil and gas production and development (i.e. accounting, human resources), as well as those just looking for a refresher course. A total of 19 seats were sold, and the chamber received extremely positive comments from attendees.

ThirdQuarter helps Canadian workers over 50 years of age who want to stay in the workforce.

Webinars – In partnership with HJ Linnen & Associates, the Chamber has entered into an agreement to produce webinars over the course of the year with a participant cost of $25 per webinar. Webinars have been a definite success, allowing the Chamber to connect with members on such topics as Media Relations, PST and Tax Information, The Minefield of Employee Misconduct, and ABEX Finalist information. The webinars are an easy way to touch many members and non-members (ABEX webinar) in an innovative, easy-to-use, and modern format. Political Forum – The Political Forum was held on January 19th at the Radisson Plaza Hotel Saskatchewan in Regina. The event once again sold out and had 29 politicians attending (13 from the NDP Party and 16 from the Sask Party). The event had four break out sessions; finance, youth, education & training, environment, investment & growth. ThirdQuarter – The Saskatchewan Chamber of Commerce, in partnership with the Manitoba Chamber of Commerce and the federal government, is leading this pilot program in Saskatchewan. The communities of Humboldt and Regina were selected as the pilot cities in Saskatchewan, with one community coordinator in each community. The programs were formally launched in Humboldt and Regina on July 8, 2010 and September 17, 2010 respectively, and will run until December 31, 2011, at which time they will be reviewed and evaluated. ThirdQuarter helps Canadian workers over 50 years of age who want to stay in the workforce or have left through retirement or other circumstances. The program assists Canadian businesses facing a shortage of skills, and who want more maturity and experience in their workplace. FNUC Tribute to Student Achievement – As part of the Saskatchewan Chamber of Commerce position to support the sustained funding of the First Nations University of Canada (FNUniv) the chamber joined together with FNUniv officials to produce a special dinner and mini career fair to celebrate student achievement. The dinner, titled “A Tribute to Student Achievement,” honored students who have overcome adversity to continue their education. These students were third and fourth year students chosen by their teachers for their dedicated effort to succeed. 27 students were given awards by the 16 businesses that participated, and there were a total of 160 attendees at the event.

34

Thank You to the

2011 Conference on Business Sponsors Platinum Sponsors

WEST INNOVATIONS INC.

Diamond Sponsors

The Saskatchewan Chamber of Commerce greatly appreciates the contributions of all the 2011 Conference Sponsors. Without the generous, ongoing support of these organizations the Conference would not be possible. View the complete list of sponsors at www.saskchamber.com

Annual Report Sponsors