News
Blackberry shareholders call for separate CEO, chairman
Posted: Jun 12, 2011 9:01 AM by Adam Knapik
Updated: Jun 12, 2011 9:35 AM
NEW YORK (AP) - BlackBerry maker Research in Motion is already struggling to keep up with rivals such as Apple Inc. Now it faces another challenge: dissident shareholders who are calling for changes in how the company is run.
A Canadian investment firm is calling for RIM to separate the roles of CEO and chairman, saying that's vital for the board to be able to do its job.
The firm, Northwest & Ethical Investments, is also asking that the company require any future board chairmen to be independent from the company, which essentially means that they cannot be RIM employees.
The company is asking shareholders to vote against NEI's
proposal at the annual meeting July 12 in RIM's hometown of
Waterloo, Ontario.
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