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Key events leading up to Rogers Communications’ court hearing -Breaking

© Reuters. FILE PHOTO – General view of Rogers Building and quarters at Rogers Communications, Toronto, Ontario Canada, October 22nd, 2021. REUTERS/Carlos Osorio/File Photo

(Reuters) – Rival factions vie for control of Rogers Communications Inc (NYSE:). The Supreme Court of British Columbia will host a meeting Monday to determine legitimacy.

Below is a chronology of key events which led up to Canadian telecom- and media giant’s court fight. Based on various affidavits submitted at the Supreme Court of British Columbia as well as public statements,

Sept. 15, 2015 – Edward Rogers (former Rogers chairman) and John MacDonald (lead independent director) speak over the phone. Edward claims he no longer trusts Joe Natale, CEO of Rogers. He sees Tony Staffieri as his replacement.

Sep. 18, 2008 – Natale tells MacDonald that the CEO overheard a conversation where Staffieri was discussing Edward’s secret plan to shake up company leadership and its board. Natale quickly meets the independent directors, and requests that Staffieri is removed. Staffieri quits on September 29, 2009.

September 19, 2007 – Edward and Natale meet and are joined by MacDonald. Edward informs Natale that Edward has lost trust in him and that he wants to fire the CEO.

September 24, 2003 – Rogers Board meets to discuss Natale’s terms, but it is decided to defer a decision on his replacement. The independent directors, led by MacDonald, speak with Natale to obtain his permission to remain as CEO.

Sept 26 – Rogers board again meets to discuss resolutions including to keep Natale and to fire Staffieri

Sept. 29, 2009 – Edward misses a meeting of the board. There, the resolution is passed to withdraw Natale’s resignation. Staffieri then is fired. Staffieri quits that day.

October 21st – Rogers Board meets to discuss quarterly earnings. Edward is to step down as board chair. MacDonald, the lead independent director is elected new chair. Edward takes over as the chair of Rogers Control Trust (a family trust that owns most of the voting shares of the company), and creates a new board which names him chairman.

Oct. 22: Rogers Communication makes statement, calling Edward’s decision not to form a board of directors invalid.

September 23rd – Edward calls for a meeting of rival boards and announces that he plans to petition the Supreme Court of British Columbia in order to approve the creation of the new board.

Oct. 26, 2006 – Edward file a Petition in B.C. Edward files a petition in B.C. Loretta Rogers refutes this claim, claiming that Edward Rogers had provided incorrect information to her about Natale’s performance as CEO.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.