News Corp shareholders move to strip Rupert Murdoch of chairmanship

Quote of the day: 'It's time for News Corp to be run for the benefit of all shareholders, not just the Murdoch family.' Trouble at the ranch again. US pension fund Christian Brothers Investment Services has filed a petition to split Murdoch's dual role as chief executive and chairman so that an independent chair can be appointed. The move shows that the dust still hasn't settled at News Corp after last year's hacking scandal. In a thinly veiled reference to alleged corruption at the firm, CBIS said, 'Given the level of family control, it is particularly important for News Corp to have an independent chair who is empowered to challenge management, to foster a culture of accountability, and to reflect the interests of the wider shareholder body.'

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

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