Frequently Asked Questions
How did the Business Hall of Fame start?
The Business Hall of Fame was initiated in 1993 to recognize the contribution made to business by successful leaders and entrepreneurs. The Business Hall of Fame has become an institution of unmatched significance to the business community of Nova Scotia. Each year, Junior Achievement of Nova Scotia and the Business Hall of Fame honour individuals who inspire our business community and future business leaders with a record of unparalleled lifetime achievement. Laureates exemplify growth, courage, success and leadership.
What is the relationship between the Business Hall of Fame and JA?
The Business Hall of Fame is a critical fundraiser for the annual operations of JA. All proceeds directly support JA programs for youth in financial literacy, workplace readiness and entrepreneurship.
How are laureates nominated?
Laureate candidates are nominated by the public by submitting a nomination form. The nominating deadline is November 15 each year. Laureates are typically announced in late February.
Who selects the laureates?
There are two committees involved in the selection of laureates; one is the nominating committee and the other is the judging committee.
The nominating committee is responsible for soliciting, researching and short-listing eligible and worthy candidates to be put forward for consideration as laureates. The nominating committee shortlists five potentials annually.
The judging committee has the responsibility of choosing the three annual inductees from the shortlist.
All submissions to the Hall of Fame and discussions and deliberations which take place are considered confidential.
Who is on the nominating committee?
The nominating committee includes at minimum: a chair, vice chair and three active governors or chairman circle members, a JA achiever or alumni, and the JA president and CEO.
Who is on the judging committee?
The judging committee includes at minimum: a chair and at least three laureates, plus the chair of the board of governors and the chair of the JA board of directors.
Who are the committees accountable to?
Both committees are accountable to JA; however, it is understood that the committees have autonomy and act as an independent working group.
Is committee membership confidential?
The committee membership is not confidential, however only the chair of each committee is typically named in association with activities of the committees. Committee members are welcome to maintain their anonymity to avoid direct contact from the public about candidates under review.
What is the criteria for selection?
As the laureates are put forward as examples for the students who participate in JA, it is expected that those chosen for this honour will be worthy of selection as role models to youth.
This is a lifetime achievement award and considers contributions over an entire career.
Attributes appropriate to a laureate are outlined on the nomination form. The committees also consider:
- Laureates are individuals held in high regard by their colleagues in the community and should demonstrate strong personal and professional ethics.
- The overall reputation of JA is considered when selecting a laureate. Selection considers the preservation of the credibility and integrity of JA and the Business Hall of Fame.
- To be recognized by his or her business or profession as having made an outstanding contribution to the success of the business or profession; or
- To have demonstrated in his or her business career entrepreneurial spirit and to have a record of outstanding entrepreneurial achievements; and
- To have demonstrated effective leadership, not only within his or her own organization but in the community; and/or
- To be considered a role model for future generations of entrepreneurs and business leaders, as well as others in business.
How long does an nomination stand?
A nomination is active for three years. Once expired, the nominating committee may prompt the nominator to submit an update. Posthumous nominations are maintained indefinitely.
What makes a good nomination package?
A nomination package should include the nomination form, as well as supplemental information such as media clips, community involvement, business highlights and several letters of recommendation from a variety of individuals that can speak to the scope of the candidate’s business and community accomplishments.