Research in Motion may be preparing for a corporate shakeup that would see co-founders Mike Lazaridis and Jim Balsillie relinquish their titles as co-chairmen of the board, according the Financial Post.
Barbara Stymiest, an independent director who joined RIM's board in 2007, is believed to be the leading candidate to replace Messrs. Balsillie and Lazaridis as chair, sources familiar with events said.
A committee of seven independent directors of RIM's board, including Ms. Stymiest, have been examining the company's board structure, including the merits of having an independent chair rather than a lead director and the "business necessity" for Messrs. Lazaridis and Balsillie - who are also co-CEOs - to hold significant board titles.
The report is scheduled to be delivered by January 31st and the company's board members with have 30 days after that to respond to the recommendations.
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Barbara Stymiest, an independent director who joined RIM's board in 2007, is believed to be the leading candidate to replace Messrs. Balsillie and Lazaridis as chair, sources familiar with events said.
A committee of seven independent directors of RIM's board, including Ms. Stymiest, have been examining the company's board structure, including the merits of having an independent chair rather than a lead director and the "business necessity" for Messrs. Lazaridis and Balsillie - who are also co-CEOs - to hold significant board titles.
The report is scheduled to be delivered by January 31st and the company's board members with have 30 days after that to respond to the recommendations.
Read More