News Corp. Should Split Murdoch’s Role, Investor Group Says
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News Corp., the media company under fire for a phone-hacking scandal at one of its London newspapers, should separate the roles of chairman and chief executive officer and make other changes, an investor group said.
The company, controlled by Chairman and Chief Executive Officer Rupert Murdoch, should have an independent chair, the investor group said in the letter to the company obtained by Bloomberg News. The group, represented by the Interfaith Center on Corporate Responsibility, includes Trillium Asset Management and Northwest Coalition for Responsible Investment, and owns 700,000 non-voting News Corp. shares.