Rogers Investors Advised Not to Support Heir Edward as Chair
- Gender diversity, shareholder structure in focus from proxies
- Rogers family controls the votes through dual-class structure
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Rogers Communications Inc. investors shouldn’t vote in favor of the reappointment of Chairman Edward Rogers because there aren’t enough women on the telecommunications company’s board, two proxy advisory firms said.
Only three of 14 directors on this year’s director slate are women — short of the minimum target of 30% set by proxy advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co.