Meet Frank Stronach, Our Founder

Stronach International was founded in 2018 by Frank Stronach. In addition to being founder of Stronach International Inc., Frank Stronach is also the founder of Magna International Inc., one of the world’s largest suppliers of automotive technologies, and The Stronach Group, North America’s leading Thoroughbred racetrack operator and one of the world's largest suppliers of pari-mutuel wagering systems, technologies and services. Over the years, he has received a number of awards for his achievements in business and philanthropy, including being inducted into the Automotive Hall of Fame in the US in 2018.

Operating philosophy and principles

Stronach International is proudly a Fair Enterprise Corporation. Fair Enterprise strives to strike a balance between the interests of a company's three driving forces: management, labour and capital. Fair Enterprise achieves this balance through a Corporate Constitution that gives stakeholders the right to share in the profits of the company. Our Corporate Constitution includes a number of guiding principles and predetermines how the profits are shared amongst our stakeholders.

Stronach International oversight and management of the corporate assets are exercised by a Board of Directors. The company is run on a day-to-day basis by a professional management team and the corporation is guided by a deep-seated philosophy that its businesses should provide a tangible benefit to society in addition to making a profit.

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Profit-Sharing Formula

The heart of the Corporate Constitution is a profit-sharing formula that allocates the annual profits along the following lines:

30% of the profits will go to the investors, the Stronach family trust.

10% of profits will be set aside for charitable purposes and other initiatives intended to support the basic fabric of society, including environmental, health, and educational causes.

20% of the profits will be divided among the company’s employees, management team and members of the Board of Directors.

40% of the profits will be re-invested in the company to provide for its long-term growth and sustainability.
OUR FOUNDER

Message from Frank Stronach.

"I love Canada, the homeland I adopted since coming here as a young immigrant in the 1950s. The country provided me with the opportunity to pursue my dream of starting my own business. It is a land of freedom, tolerance and unrivaled natural beauty. I also strongly believe that it is one of the greatest countries in the world, and I want to use all of my knowledge and experience to keep Canada prosperous and healthy."

In the News

Books by Frank