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Rogers chair faces proxy hurdle to secure reappointment, Bloomberg News reports

April 12, 2024 at 08:32 pm EDT

(Reuters) - Proxy advisory firms ISS and Glass Lewis have recommended investors in Canada's Rogers Communications 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.

(Reporting by Gnaneshwar Rajan in ; Editing by Stephen Coates)

Stocks mentioned in the article

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Edward Rogers

Founder of Slaight Communications, Inc., Edward S. Rogers is a businessperson who has been at the head of 6 different companies and currently is Chairman at Rogers Communications, Inc. and Chairman of Rogers Blue Jays Baseball Partnership and Chairman of Rogers Bank (both are subsidiaries of Rogers Communications, Inc.) and Chairman for Rogers Control Trust. Mr. Rogers is also on the board of 6 other companies. In the past Mr. Rogers was Member of Economic Council of Canada, President & Chief Executive Officer at Rogers Cable, Inc., President & Chief Executive Officer of Rogers Cable Communications, Inc., VP, GM-Paging, Data & Emerging Technologies at Rogers Wireless, Inc. and Vice President & General Manager-GTA at Rogers Cable, Inc. He received an undergraduate degree from the University of Western Ontario.

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ROGERS COMMUNICATIONS INC.	Chairman
Rogers Blue Jays Baseball Partnership Rogers Blue Jays Baseball Partnership Movies/EntertainmentConsumer Services Rogers Blue Jays Baseball Partnership operates a major league baseball franchise. It markets sports merchandise, tickets and collectable baseball game items. The company was founded in 1977 and is headquartered in Toronto, Canada.	Chairman