05:23:26 EDT Mon 29 Apr 2024
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or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,264
Close 2023-10-12 C$ 51.82
Market Cap C$ 47,274,052,360
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Globe says Rogers family feud spilling over to MLSE

2023-10-13 08:30 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Globe and Mail reports in its Friday edition that Maple Leaf Sports & Entertainment has a governance problem. The Globe's Rita Trichur writes that a secret board shakeup is a sign the protracted Rogers family feud is creating oversight risks for the parent company of hockey's Maple Leafs and basketball's Raptors, especially in light of new details unveiled in a court filing on Thursday. Melinda Rogers-Hixon's departure as a MLSE director -- and the appointment of her replacement, David Miller, a loyalist of her brother Edward Rogers -- should have never been kept hush-hush. The change was not publicly announced; her name was simply scrubbed from the section of MLSE's website that lists its directors. MLSE is co-owned by Rogers Communications, BCE and Larry Tanenbaum. Ms. Rogers-Hixon's quiet departure from its board is creating the impression that Rogers's own disclosure and governance practices are rubbing off on MLSE. Rogers was not exactly forthcoming with the public about its latest boardroom shuffle either. Although two independent directors, Jack Cockwell and Jake Kerr, left its board in recent months, Rogers never issued a press release about their departures. All this amounts to terrible optics.

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