Committee Says RIM CEO, Chairman Can't Be Same Person
A committee investigating the leadership structure at Research In Motion has decided that whoever serves as Chairman of the Board may not also be an employee of the company. It recommends that the company change its organizational mandate to reflect this decision. RIM's board recently removed co-CEOs Mike Lazaridis and Jim Balsillie, who also served as co-Chairmen of the Board. RIM replaced Lazaridis and Balsillie with Thorsten Heins as CEO, and appointed Barbara Stymiest as the new chairperson. This new structure ensures the board will act independently of company management.