Rogers Communications Inc. (RCI) says it rejected an try by former chair Edward Rogers to call a slate of recent administrators as a result of the transfer “doesn’t adjust to legal guidelines of British Columbia,” the place the corporate is included.
“The proposal by Mr. Edward Rogers to carry a purported Board assembly together with his proposed slate of administrators this weekend doesn’t adjust to legal guidelines of British Columbia, the place Rogers Communications Inc. is included, and is subsequently not legitimate,” the corporate mentioned in an announcement on Saturday.
“Accordingly, the purported Board assembly and something that will come up from such a gathering can be invalid.”
The corporate didn’t supply particulars on what legal guidelines the transfer would contravene.
In an announcement to CBC Information, nonetheless, Edward Rogers mentioned the board assembly will “proceed as deliberate.”
“The brand new Board and the Firm have vital enterprise to take care of and we won’t have interaction in debates within the media with former administrators,” the assertion learn.
Saturday’s duelling statements are the most recent developments in an unpleasant combat for management of the corporate.
Former chair nonetheless in search of change
Edward Rogers was ousted as chair of the corporate his father based on Thursday after his failed bid to wrest management of the corporate.
He then pitched a plan to interchange 5 members of the corporate’s board with new individuals of his selecting, saying in an announcement that he “believes that it will be in the perfect pursuits of RCI to reconstitute the board.”
On Friday night, the corporate responded to that transfer by making it clear that it has no plans to do this.
Whereas out as chair, Edward Rogers stays on the board. And his transfer to interchange different board members suggests he is nonetheless in search of change on the prime.
“It’s disappointing that the previous Chairman is making an attempt to behave unilaterally with out regard for the pursuits of the corporate and all of Rogers’ shareholders,” the corporate mentioned Saturday.
In September, Edward Rogers tried to get rid of CEO Joe Natale and put the corporate’s chief monetary officer, Tony Staffieri, into the highest job.
An emergency board assembly was referred to as, at which three members of the Rogers household — sisters Melinda and Martha, together with their mom, Loretta — banded collectively to cease Edward’s plan.
Natale reportedly heard of the plan to oust him when Staffieri by accident pocket-dialled him whereas discussing the plan with one of many firm’s former executives, the Globe and Mail reported Thursday.
Natale ‘totally centered’ on Shaw deal
Natale supplied public touch upon Saturday for the primary time for the reason that saga started, issuing an announcement reaffirming his dedication to each firm shareholders and a proposed takeover of rival Shaw Communications Inc.
Natale is extensively seen because the architect of the $26-billion deal, which remains to be awaiting regulatory approval.
“We stay totally centered on efficiently coming along with Shaw to ship the subsequent section of Rogers’ strategic progress and higher serve Canadians in communities from coast to coast,” his assertion mentioned.
Not like Ed I’ve no attorneys, PR spin companies, workers or media coaching. Don’t want it. I’m nobody particular, only a pretty abnormal lady put in extraordinary circumstances. Ted put me on the board as a verify and steadiness to make sure nothing this insane happens. That is for you Dad.
Martha Rogers additionally weighed in through Twitter, making her opposition to her brother’s strikes abundantly clear.
“Not like Ed I’ve no attorneys, PR spin companies, workers or media coaching. Do not want it,” she wrote.
“I am nobody particular, only a pretty abnormal lady put in extraordinary circumstances. Ted put me on the board as a verify and steadiness to make sure nothing this insane happens. That is for you Dad.”