Governance and
Social Responsibility

Laurentian Bank Financial Group is recognized within the Canadian banking industry as a pioneer in corporate governance. Notably, it was the first in 1987 to separate the functions of chairman of the Board of Directors from those of President and Chief Executive Officer. Moreover, its policies and corporate governance rules meet the highest standards of the Canadian banking and financial industry. All of the members of the Board of Directors, apart from the President and Chief Executive Officer, are independent and unaffiliated with management.

Governance

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  • Board of Directors
    Isabelle Courville

    Corporate Director

    Has served on the Board of Directors since March 2007

    Chair of the Board and Member of the Human Resources and Corporate Governance Committee

    Lise Bastarache

    Economist and Corporate Director

    Has served on the Board of Directors since March 2006

    Member of the Audit Committee

    Sonia Baxendale

    Corporate Director

    Has served on the Board of Directors since August 2016

    Member of the Risk Management Committee

    Michael T. Boychuk, FCPA, FCA

    Corporate Director

    Has served on the Board of Directors since August 2013

    Chair of the Audit Committee and Member of the Risk Management Committee

    Gordon Campbell

    Corporate Director

    Has served on the Board of Directors since December 2016

    Member of the Audit Committee

    François Desjardins

    President and Chief Executive Officer of the Bank

    Has served on the Board of Directors since November 2015

    Mr. Desjardins does not sit on any of the Board’s Committees

    Michel Labonté

    Corporate Director

    Has served on the Board of Directors since March 2009

    Chair of the Risk Management Committee and Member of the Human Resources and Corporate Governance Committee

    A. Michel Lavigne, FCPA, FCA

    Corporate Director

    Has served on the Board of Directors since March 2013

    Chair of the Human Resources and Corporate Governance Committee

    Davis Morris, CPA, CA

    Corporate Director

    Has served on the Board of Directors since October 2017

    Member of the Audit Committee

    Michelle R. Savoy

    Corporate Director

    Has served on the Board of Directors since March 2012

    Member of the Risk Management Committee and the Human Resources and Corporate Governance Committee

    Susan Wolburgh Jenah

    Corporate Director

    Has served on the Board of Directors since December 2014

    Member of the Risk Management Committee

  • Committees of the Board
    Audit Committee

    Mandate of the Audit Commitee (PDF | 27 Ko)

    Members of the Audit Committee
    Michael T. Boychuk – Chair
    Lise Bastarache
    Gordon Campbell
    David Morris

     

    Risk Management Committee

    Mandate of the Risk Management Committee (PDF | 27 Ko )

    Members of the Risk Management Committee
    Michel Labonté – Chair
    Sonia Baxendale
    Michael T. Boychuk
    Michelle R. Savoy
    Susan Wolburgh Jenah

     

    Human Resources and Corporate Governance Committee

    Mandate of the Human Resources and Corporate Governance Committee (PDF | 27 Ko )

    Members of the Human Resources and Corporate Governance Committee
    A. Michel Lavigne, Chair
    Isabelle Courville
    Michel Labonté
    Michelle R. Savoy

  • Executive Committee
    FRANÇOIS DESJARDINS

    President and Chief Executive Officer

    François Desjardins has been the President and Chief Executive Officer of Laurentian Bank Financial Group since November 1, 2015. After joining the organization in 1991, he quickly rose through the ranks. A natural leader, he was appointed President and Chief Executive Officer of B2B Bank in 2004 and Executive Vice President of Laurentian Bank in 2006.

    With over 25 years of experience in financial services, Mr. Desjardins has developed a deep understanding of the financial ecosystem by being at the forefront of technological change and customer behaviours. Mr. Desjardins chairs the board of B2B Bank and is a director of Payment Canada. He is a past recipient of Canada’s Top 40 Under 40®.

    FRANÇOIS LAURIN, FCPA, FCA, CFA

    Executive Vice President, Finance, Treasury, Capital Markets, and Chief Financial Officer

    François Laurin is responsible for the Group’s activities in the areas of finance, accounting, treasury, taxation, investor relations, mergers and acquisitions, and capital markets. With more than 30 years of experience, he has held several senior positions throughout his career. He has worked in the financial, mining, telecommunications and technology sectors. He joined the organization in 2015.

    Mr. Laurin is also a director and Chair of the Board of Directors of Laurentian Bank Securities and serves on the Board of Directors of the Montreal Children’s Hospital Foundation. He has earned the title of Fellow of the Ordre des comptables professionnels agréés du Québec (FCPA) and is a Chartered Financial Analyst (CFA).

    WILLIAM MASON

    Executive Vice President and Chief Risk Officer

    William Mason is Executive Vice President and Chief Risk Officer for the Group and is responsible for risk management, credit management and legal affairs.

    Prior to joining the Group, Mr. Mason held the position of Managing Director, Bank Supervision with the Office of the Superintendent of Financial Institutions (OSFI). He has also spent more than 30 years with financial institutions in various senior management roles including asset liability management, risk management, treasury and capital markets.

    DEBORAH ROSE

    Executive Vice President and Chief Operating Officer

    Deborah Rose is responsible for the administration, technology and operational activities of the Group. She is also the Chief Information Officer for Laurentian Bank Financial Group and the President and Chief Executive Officer of B2B Bank and LBC Tech. With a career spanning more than 25 years in the financial services industry, Ms. Rose joined the organization in 2011.

    In 2017, she was named one of Canada’s 100 Most Powerful Women by the Women’s Executive Network (WXN).

    STÉPHANE THERRIEN

    Executive Vice President, Personal & Commercial Banking

    Stéphane Therrien has led the Business Services unit since 2012, the year he joined the organization. In 2015, he was also appointed to head the Bank’s Retail Services. He is responsible for all commercial activities as well as for the branch network in Quebec.

    An experienced manager, he has a proven track record in the Canadian financial sector, having held several management positions over his nearly 30-year career. Mr. Therrien is also President and Chief Executive Officer of LBC Financial Services.

  • Policies and Other Related Documents

    Policy for the Disclosure

    Governance Policy

    Position description of a Committee Chair

    Position description of the Board Chair

    Position description of the President and Chief Executive Officer

Social Responsibility

Donation

Laurentian Bank Financial Group has always been actively involved in local communities by way of its donations to non-profit organizations. We participate in socioeconomic life by offering the financial products and services needed by individuals and businesses, as well as by thinking globally and acting locally as a socially responsible corporate citizen.

DONATION PROGRAM

We are committed to corporate responsibility via the donations it makes to a diverse range of organizations active in the communities in which we operate. More specifically, we support initiatives that can generate significant benefits for local communities.

HOW TO SUBMIT A REQUEST FOR A DONATION

Given the large number of requests received daily, only organizations whose requests have been accepted will be contacted.

We encourage you to consult the list of ineligible requests before submitting yours.

Please fill out the request form and submit by e-mail to:
Donation@lbcfg.ca