Rogers will not appeal BC Supreme Court ruling that upheld board overhaul
By Staff The Canadian Press
Posted November 7, 2021 9:33 pm
Smaller font Descrease article font size-A
Larger font Increase article font sizeA+
Rogers Communications Inc. says it wonât appeal a British Columbia Supreme Court ruling that upheld Edward Rogersâ reconstituted board of directors.
The son of the companyâs founder used his authority as head of the family trust â" which holds 97.5 per cent of voting shares â" to replace several board members with his own hand-picked directors after he was ousted as chair.
Read more: Edward Rogersâ board overhaul is valid, B.C. Supreme Court decides
His new board then re-elected him to its helm.
Edward Rogersâ mother and two sisters, who are also board members, opposed the moves, saying they went against the companyâs governance practices.
He took the case to the Supreme Court in B.C., where the company is incorporated.
Story continues below advertisement
Justice Shelley Fitzpatrick on Friday affirmed Edward Rogersâ authority to make changes to the board without holding a shareholder meeting.
© 2021 The Canadian Press
JOURNALISTIC STANDARDS REPORT AN ERRORLeave a comment Comments
Leave a comment Comments
0 Response to "Rogers will not appeal BC Supreme Court ruling that upheld board overhaul"
Post a Comment