As reported by Reuters and published at CP24, BC Justice Shelley Fitzpatrick has found that Edward Rogers has successfully created a new board of directors of the national firm RCI. Rogers Communications immediately filed a motion to appeal the BC court decision. Lawyers for the company asked the judge to put a stay on her ruling coming into force, in order to give them time to appeal. But the CBC account contains a view that an appeal makes little sense. Professor Richard Powers with the Rotman School of Management in Toronto said: “It’ll be a moot point because Edward will make the changes that he wanted to do. The senior management team will be gone. His directors will be in place and things move forward.”
A Canadian court on Friday backed a petition by former Rogers Communications Inc chairman Edward Rogers to validate a new board constituted by him, in a ruling that could result in a major management shakeup in the country’s biggest wireless carrier.
British Columbia Supreme Court Justice Shelley Fitzpatrick announced the decision but did not immediately give her reasons.
A rare public fight in the Canadian corporate world was sparked over the question of who should lead the company and has weighed on the stock.
Some analysts have raised doubts about the fate of Rogers’ C$20 billion ($16.05 billion) bid for rival Shaw Communications. ($1 = 1.2464 Canadian dollars) (Reporting by David Ljunggren in Ottawa and Ismail Shakil in Bengaluru Editing by Chris Reese)
