RIM Annual General Meeting is July 12th – Vote on Co-CEOs Standing

Mike Shareholder Profile Jim Shareholder Profile

In the weeks since BlackBerry World in May we have been hearing more and more about shareholders wanting RIM to split up the duties of their Co-CEOs who are both Chairmen of the board and Co-CEOs. There is actually a vote “Schedule A” during their Annual General Meeting this July 12th to decide on this and RIM seems to be very much against it. Since I understand very little about this sort of thing I found it enlightening to read The Toronto Star’s analysis of the situation. Its a great read if you want to learn a bit more about the history and how common it is and why it may or may not be a good idea.

I then started to read RIM’s Notice of Meeting / Proxy Circular – Fiscal 2011 (PDF) which includes the Schedule A that will be voted on at this years meeting. The details start on page 50 of the document and include the proposal from Northwest & Ethical Investments L.P. including RIM’s response as to why this is not a good idea. I put screenshots of the Schedule A below:

Schedule A 1 Schedule A 2 Schedule A 3

Let us know if you spot anything interesting! Thanks to RedNightHawk for sending in the Toronto Star article!

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