News Corp. Investors Should Reject 13 Directors, ISS Says

News Corp. investors should vote against the re-election of 13 out of 15 board members to establish more independent oversight of management, said the proxy advisory firm Institutional Shareholder Services.

News Corp. has suffered financial consequences from a phone-hacking scandal at one of its newspapers that reflect a lack of oversight, said ISS, which advises more than 1,700 investors on corporate governance issues. It recommended investors vote against Chief Executive Officer Rupert Murdoch, his sons James and Lachlan, and 10 other directors.