and the annual dividends have increased at a compound annual growth rate of 11% from 2015 to 2021. The board of directors of FirstService Corporation includes Jay S. Hennick (Chairman), D. Scott Patterson (President & CEO), Bernard I. Ghert, Brendan Calder, Steven Grimshaw, Frederick F. Reichheld, Joan Sproul, Michael Stein and Erin J. Wallace. Colliers International In June 2015, FirstService completed a plan of arrangement to separate FirstService into two stand-alone publicly traded companies: Colliers International Group Inc. (NASDAQ:CIGI and TSX:CIGI) and FirstService Corporation (NASDAQ:FSV and TSX:FSV). Following the completion of the spin-off, Hennick became Global Chairman and Chief Executive Officer of Colliers, and Chairman and Founder of FirstService. D. Scott Patterson, previously the President of FirstService, became Chief Executive Officer of FirstService. The market capitalization of Colliers is more than US$5 billion and Hennick owns, directly and indirectly, more than 14% of the equity and 45% of the votes of the company. Today, Colliers is a leading diversified professional services and investment management company with operations in 67 countries, more than 15,000 professionals, $41 billion of assets under management and annualized revenue in 2020 of $3.3 billion. For more than 25 years, including FirstService until 2015, Colliers has delivered compound annual investment returns of 20% for shareholders. The board of directors of Colliers includes Jay S. Hennick (Global Chairman & CEO), Peter Cohen, John P. Curtin Jr., Christopher Galvin, Jane Gavan, the Right Honourable Stephen Harper (22nd Prime Minister of Canada), Katherine Lee, Benjamin Stein and Fred Sutherland. Awards and recognition Canada's Entrepreneur of the Year, 1998 CEO of the Year, Canadian Business Magazine, 2001 Honorary Doctorate of Laws, York University, 2011 Honorary Doctorate, University of Ottawa, 2014 2019 International Horatio Alger Award Recipient, 2019 Member of the Order of Canada, 2019 Personal life Relationship to Peter Drucker In 1990, Hennick was introduced to Peter Drucker, a well-known management consultant, educator, author and influential thinker on the subjects of business, management theory and practice, and entrepreneurship in the 20th century. Over the next 15 years, until his death in 2005, Drucker acted as a mentor to Hennick as he sought to grow and expand FirstService. Drucker and Hennick met and spoke regularly, and Hennick has credited Drucker with helping to shape the business strategy and partnership philosophy of both FirstService and Colliers. Philanthropy In addition to his business career, Hennick has served as a member of the board of