Posted by & filed under Auditing, Corporate Governance.

Description: An apparent power struggle is underway at Rogers Communications. This week the board removed Edward Rogers as chair, replacing him with John MacDonald, who has had a board seat for 12 years. Rogers, however, will maintain his place as a board member. He is also attempting to replace five board members with those who would presumably be more favourable to his perspective.

Date:  October 21, 2021

Source:  bnnbloomberg.ca

 Link: https://www.bnnbloomberg.ca/edward-rogers-ousted-as-chair-amid-telco-power-struggle-1.1669920

Discussion points:

1) How many of the students in your class are Rogers’ customers?

2) From your reading of the story, what do you think may be the causes of this difficult situation?

3) Chapter Three of Wiley’s Auditing: A Practical Approach discusses several important aspects of audit planning, including understanding corporate governance at the auditee. What might the auditors of Rogers be documenting as areas of risk as they consider these current governance issues?

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