#Both sides now stereo full

'It is disappointing - and completely disingenuous - for Edward to suggest that members of theВ В are motivated by a desire to 'entrench' ourselves,' MacDonald said. MacDonald, a long time member of the board, as the new chair.Д®dward has accused MacDonald and others of continuing to claim a role at the company as a way of empowering and enriching themselves, something MacDonald pushes back strongly against in his own affidavit. When Edward was turfed as board chair, the company named John A. But I feel compelled to do so in light of Edward's conduct, which has put what we built at risk.' She said, 'It brings me no joy to swear this affidavit. 'I also very much disagree with his personal view that he is entitled to exploit his entrusted position as В to circumvent Ted's wishes.' 'I very much disagree with Edward's portrayal of the facts,' Loretta Rogers said.

In his evidence submissions, Edward produced a statement signed by his mother, Loretta, voicing support for his plan for a new CEO.В But in a court affidavit, family matriarchВ Loretta Rogers says she was misled. The ugly fight has pitted brother against sister, and even parent against child. 'The B shareholders whoВ are non voting, they get noticed.' Family feud 'It's not just the A shareholders that get to go to a meeting,' Schachter said.

#Both sides now stereo full

SchachterВ says the way Edward changed the board is a slap in the face toВ every other stakeholder, and goes against the wishes of the company founder, Ted, who specified that such changes have to happen at a full meeting of shareholders. 'If there is a consensus among shareholders that holding an in person meeting wouldВ be pointless, you need not have to.' 'What's a bit unique about the circumstances is that one shareholder holds 97.5 per cent of the votes,'В Ken McEwanВ argued, adding that there was no need for a shareholder vote since all the votes effectively reside in the trust. Schachter, a lawyer for the company, says the actions of Edward Rogers go against good governance practices and against the wishes of the company founder, Ted.