10/14/11 at 10:47 AM 6Comments
With the company's annual general meeting planned for October 21, two shareholder advisory groups have now recommended that investors vote against any member of the Murdoch family for reelection to the board."The time is right for the company to appoint an independent chairman to rebuild trust, help correct the governance discount, and ensure that the interests of all investors are properly represented," said the director of Hermes Equity Ownership Services, alluding to the sweeping corruption charges that have plagued the media conglomerate since the phone-hacking scandal exploded. Earlier in the week, Institutional Shareholder Services Inc. also recommended the ouster of Murdoch and ten loyal News Corp. directors, arguing that the ongoing investigation has "laid bare a striking lack of stewardship and independence."READ MORE
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