Battle for the board escalates in corporate family feud
Ratcheting up the heat in the corporate fight that had already driven a wedge between himself and his two sisters and mother, Rogers, who is chair of the trust through which the family controls the telecommunication giant, said independent directors John Clappison, David Peterson, Bonnie Brooks, Ellis Jacob and John MacDonald had to go.
Horn, who was chief financial officer for many years and served briefly as interim CEO, said he is looking forward to “working with Edward, the Rogers family, and the reconstituted board to help the company complete its game-changing transaction with Shaw.” Things are moving quickly at the Rogers, which had just announced that, in the wake of the failed CEO ouster, the board had created an executive oversight committee to “establish clear protocols” to manage interactions between senior leadership and the board chair.Photo by Postmedia
They also sought clarification about whether Edward was acting with support of the family trust, these sources say, adding that the advisory committee to the Rogers Control Trust had held recent discussions over whether conditions should be placed on how Edward, as chair of the trust, can vote the class A shares it holds.Article content
“I’ve got strong, unequivocal support from the board to direct the strategy of the company,” he said, adding that he will “keep driving the operational initiatives … and continue to drive the improvements and momentum that you’re seeing.”
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