12:43:57 EST Thu 07 Dec 2023
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Rogers Communications Inc
Symbol RCI
Shares Issued 417,414,747
Close 2023-09-27 C$ 52.08
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Globe says Rogers sees two independent directors depart

2023-09-28 08:29 ET - In the News

The Globe and Mail reports in its Thursday edition that two of the independent directors who joined Rogers in 2021 during a high-profile boardroom dispute that divided the Rogers family have left in recent months. The Globe's Alexandra Posadzki writes that former Brookfield Asset Management head Jack Cockwell and ex-lumber executive Jake Kerr both vacated their seats in the months after the company's April 26 AGM, less than two years after joining the board, securities filings show. Both men were among the five directors backed by chairman Edward Rogers when he reconstituted the board in fall 2021. Mr. Rogers used his position as the chair of the family trust, which controls the telco, to replace five previous independent directors and install chief financial officer Tony Staffieri as chief executive officer. There are differing accounts of the reasons for the men's departures. One said there has been conflict between Mr. Rogers and members of the board and that Mr. Cockwell and Mr. Kerr's views on corporate governance and on managing relationships with the company's executives clashed with the chair's. A second source said Mr. Cockwell and Mr. Kerr left for personal reasons, not because of conflict with Mr. Rogers.

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