Disciplined Value Investing That Works
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It ’ s a message he ’ s planning to communicate during the upcoming Member Engagement Tour ( MET ). “ Connecting with members in their local area benefits the membership and the profession alike ,” he says of the MET . “ It gives members a direct connection to the profession ’ s leadership , enabling them to share their perspectives , and it enables leaders to stay in touch with what ’ s happening in the profession provincewide .”
While there ’ s a lot of work to be done in the coming year , it ’ s an exciting prospect for Dave , who describes himself as a “ change agent ”— someone who ’ s “ comfortable with change and looks to deliver it effectively , in a manner that contributes positively to an organization .” He has had ample experience in this regard , having been a champion of best practices and innovative thinking throughout his career . It ’ s a career that has seen him take on a variety of leadership positions in management , beginning at Weyerhaeuser , where he had a chance to try his hand at a number of different roles over a 16-year period , including office manager , corporate accounting supervisor , payroll accountant , and fibre analyst . He left Weyerhaeuser in 2003 to join the British Columbia Lottery Corporation ( BCLC ) as a senior accountant , and by 2006 , he ’ d been appointed manager of facilities and administration , responsible for leading and directing the facilities and administration staff in both BCLC locations ( Kamloops and Vancouver ). One of Dave ’ s accomplishments in this latter role was finding a way to accommodate an increase in staff in facilities that were already at capacity or that had not built out in an efficient manner .
“ There are always situations that come up where you need to have an answer quickly in order to maintain momentum or resolve a situation ,” he adds , “ but shorter-term solutions are easier to address when you keep the organization ’ s longer-term strategy in mind . It ’ s really about how comfortable you are balancing short-term needs with the long-term vision .” Just one year later , Dave was appointed director of corporate services and facilities at BCLC , responsible for directing a technical team in delivering professional administrative and facilities services and solutions . His successes in this capacity included leading an initiative to deliver a new organizational structure for his division , and creating a strategy to identify efficiency and technology improvements . “ Having been a leader in a number of areas where I ’ m not the technical expert , I developed the habit of asking ‘ accountant questions ,’” he says . “ This is where I look to serve two purposes — one is to gain a greater understanding of the world my team works in and the issues they face , and two is to challenge them to see if there are better ways to deliver the same or better results . My greatest pet peeve is hearing ‘ We ’ ve always done it this way .’ I want to know why , and if it can be changed to be more efficient , effective , or enjoyable .” Notably , employee engagement among the corporate services team increased from 37 % to 90 % under Dave ’ s leadership . “ Many times I ’ ve been tasked with finding a solution that meets an organization ’ s needs , while having to manage with minimal resources ,” he says . “ This provided opportunities to think outside the box and see
ODLUMBROWN . COM
Disciplined Value Investing That Works
Ross Turnbull , CPA , CA , CBV , CFA
Vice President , Director , Portfolio Manager
T 604 844 5363 or 1 888 886 3586 rturnbull @ odlumbrown . com
Odlum Brown Model Portfolio : A Proven Track Record
3.4 %
Odlum Brown Model Portfolio * S & P / TSX Total Return Index
15.3 %
1.9 %
8.5 %
1-YEAR SINCE DECEMBER 15 , 1994
Visit odlumbrown . com / rturnbull for more information .
* Compound annual returns are from inception December 15 , 1994 to July 15 , 2016 . The Odlum Brown Model Portfolio was established by the Research Department in December 1994 , with a hypothetical investment of $ 250,000 . Trades are made using the closing price on the day a change is announced . These are gross figures before fees . Past performance is not indicative of future performance . Member-Canadian Investor Protection Fund .
CPABC in Focus • Sept / Oct 2016 23