RIM shareholders meeting
Posted Jul 4, 2011 05:00:23 AM.
This article is more than 5 years old.
Some of the spark has been removed from a potentially explosive Research in Motion shareholders meeting later this month.
A group of investors wanted a vote held on July 12th on whether or not to split RIM’s chief executive and chairman roles. Jim Balsillie and Mike Lazaridis currently serve as both co-CEOs and co-chairmen.
But, according to Bloomberg News, a deal has been reached between RIM and Northwest & Ethical Investments LP – the group behind the motion – that removes it from the table.
Instead, RIM has agreed to a study to be conducted by a committee of independent directors to analyze its board structure.
Add CityNews Kitchener as a trusted source on Google to see more local stories from us.
