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People before profits: the key to long-term business sustainability

Guy Cormier, President & CEO of Desjardins Group, is one of Canada’s most outspoken advocates of “Stakeholder Capitalism”, arguing that business leaders can choose to put people and communities ahead of profits in order to build a stronger, more resilient Canada.

Many businesses and leaders in the West run on maximizing profit, which many believe has contributed to our current environmental and economic challenges. On December 4th, Mr. Cormier will address the Canadian Club Toronto on his vision for the future of Canadian businesses and the role they can play in creating a better society, stronger local economies, and a more secure future.

*For virtual attendees, please note that the live stream will begin at approximately 12:40pm ET & the link will be provided closer to the event date*


Guy Cormier

President and CEO of Desjardins Group

Guy Cormier has been President and CEO of Desjardins Group since 2016. He has worked for the cooperative for 28 years, becoming a caisse general manager in 2002, Vice-President of Finance in 2009, and joining Desjardins Group’s senior management team in 2012.

Since being elected President, Mr. Cormier has worked hard to instill a strong member- and client-focused culture that resonates with all of Desjardins’s employees and directors. On top of creating the $250 million GoodSpark Fund, he’s also helped the organization grow and become a household name across the country.

As a champion of the cooperative model, shared prosperity, youth and a greener, more inclusive economy, Guy Cormier makes decisions that are based on the common good.

Mr. Cormier Guy is a graduate of HEC Montréal, where he earned both an undergraduate degree in business administration and an MBA. He also taught finance there for close to a decade. He currently sits on a number of boards and has been named a Chevalier of France’s Légion d’honneur.


Stefanie Marotta

Banking Reporter, The Globe and Mail

Stefanie Marotta is the banking reporter at The Globe and Mail, covering the country’s largest lenders and the industry’s regulators. She previously covered equity markets at Bloomberg News, reporting for online and television.

Her coverage focused on Canada’s stock market as it whipsawed amid rising interest rates. Prior to that role, she reported on banks, deals and fintech at the Financial Post. During her time at The Globe and Mail, Stefanie has covered COVID-19 workplace outbreaks and labour issues for the national and investigative desks, provincial affairs for The Globe’s Alberta Bureau, and investing and finance for the Report on Business.

Before diving into journalism, Stefanie worked in corporate and public affairs at a bank and the provincial government.

She is endlessly curious about how money moves and, in turn, how that affects people on and beyond Bay Street.