Rogers Communications Inc. will not appeal a British Columbia court decision on a board battle.
Edward Rogers utilized his authority as head of the family trust to appoint many new members to the board.
Rogers Communications Inc. has announced that it would not appeal a decision by the British Columbia Supreme Court upholding Edward Rogers’ reconstituted board of directors.
After being dismissed as chairman, the company’s founder’s son used his position as head of the family trust — which controls 97.5 percent of voting shares — to replace many board members with his own hand-picked directors.
His new board then re-elected him to the position of chairman.
Edward Rogers’ mother and two sisters, all of whom serve on the board, rejected the changes, claiming they violated the company’s governance practices.
He took the dispute to the Supreme Court of British Columbia, the province in which the corporation is incorporated.
Justice Shelley Fitzpatrick supported Edward Rogers’ power to make board changes without a shareholder meeting on Friday.