Fox Defends ‘Transformation’ in Reply to Call for Board Shake-Up
- Investor seeks changes in wake of sexual-harassment scandal
- Murdoch group faces shareholder meeting, U.K. ruling on Sky
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Rupert Murdoch’s 21st Century Fox defended its internal “transformation” in response to a shareholder call for a board shake-up following a sexual-harassment scandal at its news division, according to a letter sent by the entertainment group.
The chair of Fox’s nominating and corporate governance committee, Viet Dinh, said the company had taken steps to improve its human-resources efforts and governance in a letter to Dieter Waizenegger, the executive director of CtW Investment Group, seen by Bloomberg News. The move counters the shareholder’s call for a board shake-up, including the hiring of more women, and new measures on human resources and controls.