Dr. Mary Daugherty
Dr. Mary Daugherty
Title: Faculty Athletics Representative
Phone: 651-962-5122
Email: msdaugherty@stthomas.edu

Mary Schmid Daugherty is a financial educator, consultant and corporate director. Over her teaching career she has taught in the undergraduate, graduate and executive MBA program. Mary is the founding faculty member of the Aristotle Fund, a $5 million student managed investment fund at the University of St. Thomas, which she developed and has lead since 1999. In addition to teaching, Mary does research and consults on corporate organizational structure and its impact on valuation. She serves on the Board of Directors for Crescent Electric Supply Company, Mairs & Power Funds, Inc., Driessen Water, Inc. and The Meritex Company. Mary chairs the Governance Committee and is a member of the Compensation Committee for the Crescent Electric Board. She chairs the Audit Committee and is a member of the Governance and Nominating committees for Mairs & Power, Inc. As the Audit Chairperson for Mairs & Power, Inc. Mary is recognized as a Financial Expert as required by the SEC.

Mary has been working with private and/or family businesses in a variety of in- depth financial and corporate governance consulting assignments since 1993. Her experience with Boards and C-suite Management include working with transitioning the corporate structure from advisory boards to fiduciary boards, facilitating and developing optimal governance policies and practices, designing and teaching corporate governance educational programs, designing the processes and conducting Board and Committee evaluations, and advising on other corporate governance issues unique to the client. She has provided consulting services in different industries, serving both small and large companies. Mary has published in the area of family/private corporate governance co-authoring Family Business, 4th Edition, which is the most widely used textbook on family business in university family business programs. She is an active academic researcher in organizational structure and investment management, and has authored research papers in these areas.

Complementing her interest in adding value in her engagements with clients and board work, Mary has been very successful with her academic career. She was awarded the Executive MBA Teacher of the Year for both 2015 and 2014, the "Julie Hays Distinguished Teaching" award in 2011, and the Innovation in Teaching Award from the Opus College of Business in 2003. She also has both a board room and an endowed scholarship named in her honor by a significant gift from an alumnus. In addition, Mary has international teaching experience having taught Corporate Finance in the United Kingdom and topics of interest to family businesses in Chile.
Mary received her Bachelor of Arts from the College of St. Thomas and went on to earn her MBA in Finance at the University of Minnesota. Upon graduation in 1982, she worked as an investment analyst co-managing the Common Fund for First Trust, Inc. While working at First Trust, Mary earned her CFA. In 1987, Mary began working as an Instructor at the College of St. Thomas while also working on her PhD at the University of Minnesota. In 1993 Mary earned her Ph.D. with a dissertation focused on endowment management at private colleges.