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Rogers chair faces proxy hurdle to secure reappointment, Bloomberg News reports
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Rogers chair faces proxy hurdle to secure reappointment, Bloomberg News reports
Apr 12, 2024 5:41 PM

April 12 (Reuters) - Proxy advisory firms ISS and Glass

Lewis have recommended investors in Canada's Rogers

Communications ( RCIAF ) to vote against reappointing Chairman

Edward Rogers due to lack of enough women on the company's

board, Bloomberg News reported on Friday.

Only three of 14 directors on this year's director slate are

women - short of the minimum target of 30% set by the two proxy

advisory firms, the report said.

In January, Deputy Chair Melinda Rogers-Hixon and Martha

Rogers decided to retire from the Canadian telecom giant's board

as part of a private settlement between the members of the

founding family.

Melinda Rogers-Hixon and Martha Rogers had voted to oust

Edward Rogers as chairperson of the company after he tried to

replace the then-CEO Joe Natale with his confidant and current

CEO Tony Staffieri.

The wireless carrier was previously embroiled in a boardroom

battle in 2021, weighing on the stock and raising doubts about

the fate of a multibillion-dollar takeover of Shaw

Communications.

Rogers, ISS and Glass Lewis did not respond to a Reuters

request for comment.

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