Blackberry 2013 Annual Report Download - page 90

Other than as set out below, none of the directors, executive officers or a shareholder holding a sufficient number of securities of the
Company to affect materially the control of the Company,
On November 7, 2006, as a result of the Company failing to file its second quarter financial statements for fiscal 2007 before the
statutory filing deadline of October 17, 2006 a management cease trade order (the “MCTO”) was issued by the OSC that applied to
Messrs. Lazaridis, Richardson and Bidulka as well as certain of the Company’s other senior officers and certain insiders of the
Company. The MCTO prohibited trading in the Company’s securities by its senior officers, directors and certain insiders during the
time that the MCTO was in effect. The MCTO was revoked on May 23, 2007 after the required securities filings were made by the
Company with the OSC.
In February 2009, the Company and certain of its officers and directors entered into settlement agreements with the OSC and SEC to
resolve the OSC and SEC investigations relating to the Company’s historical stock option granting practices. For a detailed discussion
of these settlements, see the sections entitled “Restatement of Previously Issued Financial Statements – OSC Settlement”
and “Restatement of Previously Issued Financial Statements – SEC Settlement” in the MD&A for the fiscal year ended February 28,
2009, which can be found under the Company’s profile on www.sedar.com.
Mr. Boulben was an officer of LightSquared Company from March 2010 until April 2012. On May 14, 2012, LightSquared
announced that it had commenced voluntarily reorganization cases under Chapter 11 of the U.S. Bankruptcy Code. On May 18, 2012,
the Ontario Superior Court of Justice granted an initial recognition order under the Companies’ Creditors Arrangement Act
recognizing LightSquared’s Chapter 11 proceedings.
A
udit and Risk Management Committee
The Audit and Risk Management Committee’s purpose is to provide assistance to the Board in fulfilling its legal and fiduciary
obligations with respect to matters involving the accounting, auditing, financial reporting, internal control, and legal compliance and
risk management functions of the Company and its subsidiaries. It is the objective of the Audit and Risk Management Committee to
maintain free and open means of communications among the Board, the independent auditors and the financial and senior
management of the Company.
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a) is, at the date of this Annual Information Form, or has been within 10 years before the date of this AIF, a director or
executive officer of any company (including the Company) that, while that person was acting in that capacity, or within a
year of that person ceasing to act in that capacity, became bankrupt, made a proposal under any legislation relating to
bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had
a receiver, receiver mana
g
er or trustee a
pp
ointed to hold its assets; or
b) has, within the 10 years before this AIF, become bankrupt, made a proposal under any legislation relating to bankruptcy or
insolvency, or become subject to or instituted any proceedings, arrangement or compromise with creditors, or had a
receiver, receiver mana
g
er or trustee a
pp
ointed to hold the assets of the director, executive officer or shareholder.