By Ross Kerber and Aruna Viswanatha BOSTON | Mon Apr 2, 2012
News Corp faces a call to appoint an independent board chairman on concerns Rupert Murdoch’s media company needs to pursue more reforms to deal with its phone-hacking scandal and other issues.
The proxy proposal, filed by Christian Brothers Investment Services, is likely to fan an ongoing controversy over governance at the company.
Although unlikely to get a majority of votes, the nonbinding resolution filed last month could put pressure on the board to remove Murdoch, currently News Corp’s chief executive, from his other role as chairman of the company, the sponsor said.
With current arrangements, the company is “stepping into the scandal with a flawed corporate governance structure,” Julie Tanner, who oversees socially responsible investing at Christian Brothers in New York, said in a telephone interview.