News Corp.’s independent directors should oust Deputy Chief Operating Officer James Murdoch from the media company’s board, said CtW Investment Group, an adviser to union-sponsored pension funds with more than $200 billion in assets.
Auction house Sotheby’s said March 16 that Murdoch will leave its board, following demands he resign over his role in a U.K. phone-hacking scandal. It was the third influential position he gave up in as many months, resigning from the board of GlaxoSmithKline Plc in January and as executive chairman of News Corp.’s U.K. publishing unit News International last month. Murdoch also faces calls to step down from News Corp.’s board and as chairman of British Sky Broadcasting Group Plc.
