Rogers Communications Inc. says it will not attraction a British Columbia Supreme Courtroom ruling that upheld Edward Rogers’ reconstituted board of administrators.
The son of the corporate’s founder used his authority as head of the household belief — which holds 97.5 per cent of voting shares — to exchange a number of board members together with his personal hand-picked administrators after he was ousted as chair.
His new board then re-elected him to its helm.
Edward Rogers’ mom and two sisters, who’re additionally board members, opposed the strikes, saying they went in opposition to the corporate’s governance practices.
He took the case to the Supreme Courtroom in B.C., the place the corporate is integrated.
Justice Shelley Fitzpatrick on Friday affirmed Edward Rogers’ authority to make adjustments to the board with out holding a shareholder assembly.
This report by The Canadian Press was first printed Nov. 7, 2021.
