RIM Bows to Governance Critic
Research In Motion Ltd., bowing to criticism of its corporate governance by a small, activist investor, said Thursday that it will establish a committee of independent directors to study whether its two chief executives should also lead the board as co-chairmen.
The move represents a significant retreat for the BlackBerry maker, which has long defended a structure that places two executives, Mike Lazaridis and Jim Balsillie, at the head of both the company’s management and its board.
