Reuters is reporting a proposal has been submitted by Northwest & Ethical Investments, that would split the roles of Co-CEO’s and Mike Lazaridis and Jim Balsillie as well as amend its bylaws to ensure the chair is an independent board member. Northwest & Ethical Investments is pushing for a shareholder vote so there would be an independent board member. RIM has asked the shareholders to vote against the resolution because “John Richardson already acts as the de facto leader of the board.” I am not sure where this will end up but if approved it looks like RIM will no longer have Co-CEO’s. What do you think about this adjustment for RIM? Is it good or Bad? Share your thoughts.
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