News Corp. Shareholders Advised to Oust Rupert Murdoch

Proxy advisory service recommends vote against mogul

Another top independent proxy advisory service is recommending News Corp. investors take a hard line with their voting shares at the upcoming annual meeting—and this time, Rupert Murdoch is the target.

On Monday, Institutional Shareholder Services advised News Corp. shareholders to vote against reelecting the board’s chairman—Murdoch himself. ISS stated that this move is “warranted in light of the pattern of repeated failures of board oversight and independence ranging as far back as the company’s reincorporation to Delaware in 2004, and culminating with the company's responses to the allegations of widespread criminal activity by corporate employees that began to emerge in July 2011.”

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