TORONTO — The head of the Desjardins financial group says many of the world’s biggest problems are symptoms of widespread short-term thinking.
Speaking at the Toronto Global Forum, Desjardins chief executive Guy Cormier called for a shift to a longer term mindset to deal with issues such as climate change, trade disputes, and inequality.
His remarks during a panel discussion on the economy come as many governments and companies grapple with rapid change and growing disparity.
A panelist representing the Coalition for Inclusive Capitalism said that governments need to create more inclusive capitalism to ensure the stability of democracies, as too many people are voting out of fear of the future.
Coalition CEO Lynn Forester de Rothschild said companies are starting to accept the need for change, as seen in a recent statement from the Business Roundtable, which represents U.S. CEOs who employ more than 15 million people.
The Roundtable said it’s not just committed to the interests of shareholders but also to delivering value to customers, investing in employees, dealing fairly with suppliers, supporting communities, and generating long-term value.
The Canadian Press