Elisabeth Murdoch not on Board at News Corp
August 8, 2011
Elisabeth Murdoch, daughter of News Corporation Chairman and CEO Rupert Murdoch, will not after all be joining the company’s Board as had been suggested at the time of News’ £415 million acquisition of her television production company the Shine Group. “I expect Liz Murdoch to join the board of News Corporation on completion of this transaction,” he said.
According to a Statement From Viet Dinh, Chairman of the Nominating and Corporate Governance Committee of the News Corporation Board of Directors, “Elisabeth Murdoch suggested to the independent directors some weeks ago that she felt it would be inappropriate to include her nomination to the board of News Corp at this year’s AGM, as had been announced by Chairman and CEO Rupert Murdoch at the time of the acquisition of Shine Group earlier this year.
The independent directors agreed that the previously planned nomination should be delayed.
Both Elisabeth and the Board hope this decision reaffirms that News Corp aspires to the highest standards of corporate governance and will continue to act in the best interests of all stakeholders, be they shareholders, employees or the billions of consumers whom News Corp. content informs, entertains and sometimes provokes every year.”