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Shareholder Seeks to Alter RIM's Management Structure

Jun 10, 2011, 2:12 PM by Eric M. Zeman

A major Research In Motion investor has proposed that all shareholders vote down the current governance structure of the company, and ensure that the chairman of the board is not also the company's CEO. Co-CEOs Jim Balsillie and Mike Lazaridis are both also co-chairmen of the board. Northwest & Ethical Investments filed a resolution asking RIM to change its bylaws. It plans to hold a vote at RIM's July 12 general meeting. RIM has asked investors to vote against the resolution. RIM has earned the ire of its investors of late due to its stagnant product roadmap and shrinking market share.

Reuters »

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Comments

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This forum is closed.

rarodrig26

Jun 11, 2011, 10:10 AM

What took so long?

If I were an investor or a member of Rim's board i'd have called for this 2 yrs ago when the 10th identical curve came out.

cutboy1985

They are doing this now because RIM were hinding info from them on how their sales have been these past year or so.

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