TORONTO, November 5, 2021 / CNW / – Today’s decision resolves important governance issues at Rogers Communications Inc.
I take no joy in the decision or the events of the past weeks. The judgment confirms that I have acted appropriately, in accordance with RCI’s articles of association and applicable corporate law, with a clear preference for expediency to ensure that Rogers Communications is effectively governed.
The company needs an effective board that shares a strategic vision for the company, which is open, deliberate, coherent in its decision-making, independent of management and which always acts in the best interests of the company.
Much has been written about the CEO of Rogers Joe natale and its future. Mr. Natale remains Chief Executive Officer and Director of Rogers Communications and is supported by the Board of Directors. We need to focus on the business, returning to stability and closing our transformational merger with Shaw Communications.
The actions I have taken in the face of constant attacks in the media have been difficult for me and my family. As President of Rogers Control Trust, my responsibility is to ensure that the business is properly governed and managed efficiently. I take this responsibility very seriously.
Our family has disagreements like all other families. I hope we resolve these differences in private, as any family would. I know that every member of our family wishes the best for Rogers Communications.
Most importantly, recent events do not change the tremendous confidence I have in Rogers Communications, our bright future, our leadership team and the 24,000 employees who make the company the overwhelming success it is. I would like to thank each of our employees for their continued dedication and support to Rogers.
As we complete our merger with Shaw Communications, continue to invest in our future and do well for our customers, I am confident that for Rogers Communications the best days are still ahead.
About Rogers
Rogers is a proud Canadian company dedicated to making more possible for Canadians every day. Our founder, Ted Rogers, purchased his first radio station, CHFI, in 1960. We have grown into a leading technology and media company that strives to provide the best in wireless, residential, sports and entertainment services. media to Canadians and Canadian businesses. Our shares are listed on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and the New York Stock Exchange (NYSE: RCI). If you want to know more about us, visit about.rogers.com.
SOURCE Rogers Communications Canada Inc.
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