TORONTO, Nov. 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 past weeks. The
judgment confirms I acted appropriately, in accordance with RCI's
Articles and applicable corporate law, with a clear preference for
expediency to ensure that Rogers Communications is effectively
governed.
The company requires an effective board that shares a strategic
vision for the business, is open, deliberate, consistent in its
decision making, independent of management, and that always acts in
the best interests of the corporation.
Much has been written about Rogers CEO Joe Natale and his future. Mr. Natale remains
CEO and a director of Rogers Communications and has the Board's
support. Our focus must be on the business, a return to stability,
and closing our transformational merger with Shaw
Communications.
The steps I have taken in the face of constant attacks in the
media were difficult for me and my family. As Chair of the Rogers
Control Trust, my responsibility is to ensure that the company is
properly governed and effectively managed. I take that
responsibility very seriously.
Our family has disagreements like every other family. I am
hopeful we will resolve those differences privately, as any family
would. I know every member of our family wants the brightest future
for Rogers Communications.
Most importantly, recent events do not in any way change the
tremendous confidence that I have in Rogers Communications, our
bright future, our management team, and the 24,000 employees who
make the company the overwhelming success that it is. I would like
to thank each and every one of our employees for their continued
dedication and support of Rogers.
As we proceed towards closing our merger with Shaw
Communications, continue making investments in our future and
executing well for our customers, I am certain that for Rogers
Communications the best days are still ahead of us.
About Rogers
Rogers is a proud Canadian company
dedicated to making more possible for Canadians each and
every day. Our founder, Ted
Rogers, purchased his first radio
station, CHFI, in 1960. We have grown
to become a leading technology and media company that strives to
provide the very best in wireless, residential, sports, and media
to Canadians and Canadian businesses. Our shares are publicly
traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on
the New York Stock Exchange (NYSE: RCI). If you want to find out
more about us, visit about.rogers.com.
SOURCE Rogers Communications Canada Inc.
