In May 2008, the Board of Directors of BCE. Inc (BC), one of Canada's leading integrated communications companies, is dealing with the effects of the previous day's Quebec Court of Appeal decision. The court decided to prohibit the $ 50 billion privatization deal, as, according to the court, the process was flawed and did not take into account debt (bond) holders of Bell Canada (a wholly owned subsidiary of BC). The court ruled that the board allowed a transaction in which benefits had accrued only to shareholders (40 per cent increase in value, as the company was in the game) due to the holders of bonds, which were considered by the 18 percent reduction in value over the same time period . When deciding whether to start a last-ditch appeal to the Supreme Court of Canada, the management and the board needed to determine who were the key stakeholders involved in the decision to take the company private, what are their interests and how these interests should guide board. "Hide
by Stephen R. Foerster, David Kunsch Source: Richard Ivey School of Business Foundation 5 pages. Publication Date: October 21, 2009. Prod. #: 909N27-PDF-ENG
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