Edward Rogers is seeking to assert his control over Rogers Communications Inc. and there may not be much the company can do to stop him, an expert says.
The Toronto-based telecommunications giant appeared open to exploring legal options Friday as a boardroom fight escalated between the company and Edward, who was removed as Rogers chair Thursday but remains chair of the family trust that controls the company.
In their place, he named Michael Cooper, Jack Cockwell, Jan Innes, Ivan Fecan and John Kerr as the new directors. "That's the brilliance of Ted Rogers and why he likened being chair of the trust to being the president of the United States," LeBlanc said.One of the few ways control could be wrested away from Edward is if he loses his role as chair of the trust, which has a 10-person advisory board, Leblanc said.That seems unlikely because Edward appears to have support from at least two trust board members, who aligned themselves with Edward on Friday.
Leblanc said it wouldn't surprise him if Edward Rogers garnered additional supporters, giving him enough votes to keep his role. The company moved toward introducing some additional corporate governance controls on Thursday, when it launched an executive oversight committee.
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