Senin, 03 Oktober 2011

Against you Murdoch's News Corp Board - Fund group

MELBOURNE | Fri Sep 30, 2011 09: 40 BST

MELBOURNE (Reuters) - called an Australian pension fund group of its members agree to several News Corporation (NWSA).(O) (NWS).(AX) members, including James and Lachlan Murdoch, to ensure the independence of the Board of Directors.

The Australian Council of superannuation investors, pension funds, which manage a 250 billion dollar assets, said in a statement that investors should close against the two sons of Chief Executive Rupert Murdoch votes, and three other executives who have served at least 20 years on the Board due to their perceived links to the founder.

The annual general meeting is on August 21.

Of the Council Chief Executive Ann Byrne said that the phone hacking scandal at News Corp. in question brought the effectiveness of supervision and risk management in the media organisation.

"Responsibility for this, as well as the ethical tone in News Corporation and affiliates breaks with News Corporation,", Byrne said.

She said a clear message to the Board of Directors, are sent to, even though there was little prospect that the current Directors at the next general meeting would be rejected.

A Murdoch family controls about 40 percent of the voting shares of trust.

A spokesman for Australian News Corp.'s arm, News Ltd., not immediately reached for comment.

(Reporting by Victoria Thieberger;) (Editing by Ed Davies)



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