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News Corp attempts to defuse shareholder revolt
October 12, 2011

News Corp has called on its shareholders to ignore recommendations from a number of advisory groups and instead vote in favour of its board and Rupert Murdoch’s bonus.

News Corp has called on its shareholders to ignore recommendations from a number of advisory groups and instead vote in favour of its board and Rupert Murdoch’s bonus.

In a filing to the Securities and Exchange Commission, the media conglomerate, which is controlled by the Murdoch family, said there has been a “disproportionate focus” on the phone-hacking scandal at the now defunct News of the World, adding that its board is “extremely strong”.

News Corp board facing ‘big revolt’
September 30, 2011

A big revolt by institutional investors against the current New Corporation board is likely, according to a shareholders advisory group, but the Murdoch family is still expected to retain its prominent position at the media conglomerate. 

A big revolt by institutional investors against the current New Corporation board is likely, according to a shareholders advisory group, but the Murdoch family is still expected to retain its prominent position at the media conglomerate.

Should octogenarians run family businesses?
August 12, 2011

Just 20 or 30 years ago, octogenarian family-business leaders were few and far between. Now, as life expectancy rises, an increasing number of business leaders are in their 80s and demographic trends will ensure this rises further in the future. But does it make good business sense?

Just 20 or 30 years ago, octogenarian family-business leaders were few and far between. Now, as life expectancy rises, an increasing number of business leaders are in their 80s and demographic trends will ensure this rises further in the future. But does it make good business sense?

Non-family CEO likely at News Corp, expert
August 10, 2011

Murdoch family members are unlikely to fill News Corp’s top roles in the future, partly because of Rupert Murdoch’s failure to develop a succession plan, according to a leading family business expert.

Murdoch family members are unlikely to fill News Corp’s top roles in the future, partly because of Rupert Murdoch’s failure to develop a succession plan, according to a leading family business expert.

“A non-family CEO is likely, but the question is when this will happen,” said Professor Randel S Carlock, who is the Berghmans Lhoist chaired professor in entrepreneurial leadership at INSEAD.

“Murdoch in one way is a classic family businessman – he doesn’t have a succession plan in place,” he said.

Family board members ‘need external and internal credibility’
August 8, 2011

Appointments of family members to boards are often more successful if they happen following a transparent nomination process and are based on a person’s ability, according to one leading family business commentator.

Appointments of family members to boards are often more successful if they happen following a transparent nomination process and are based on a person’s ability, according to one leading family business commentator.

Professor Joachim Schwass from Swiss-based business school IMD said a family member’s success on a company board is dependent on their internal and external credibility, adding that all family board appointments should be assessed based on these factors.

Elisabeth Murdoch not joining News Corp board
August 8, 2011

Elisabeth Murdoch will not join her father and brothers on News Corporation’s board, following suggestions the Murdoch family were too dominant at the media conglomerate. 

Elisabeth Murdoch will not join her father and brothers on News Corporation’s board, following suggestions the Murdoch family were too dominant at the media conglomerate.

After News Corp purchased Elisabeth’s TV production company Shine Group, known for making dramas such as The Tudors and Ashes to Ashes, in February, her father, Rupert Murdoch, said he expected his daughter would join News Corp’s board once the acquisition was completed.

News Corp board under scrutiny, says expert
August 4, 2011

The decision by News Corporation’s independent non-executive directors to hire a law firm to carry out an audit of governance practices is almost a “surrogate for a board evaluation”, according to analyst Jennifer Pendergast, from the US-based Family Business Consulting Group. 

The decision by News Corporation’s independent non-executive directors to hire a law firm to carry out an audit of governance practices is almost a “surrogate for a board evaluation”, according to analyst Jennifer Pendergast, from the US-based Family Business Consulting Group.

In July, the directors took on law firm Debevoise & Plimpton to offer advice on good corporate governance at the media conglomerate, which is dominated by Rupert Murdoch and his family.

Saudi prince backs News Corp share structure
July 26, 2011

News Corp’s second biggest shareholder, Prince Alwaleed bin Talal, has dismissed calls for a change to the company’s dual-class share structure, reported the Financial Times.

News Corp’s second biggest shareholder, Prince Alwaleed bin Talal, has dismissed calls for a change to the company’s dual-class share structure, reported the Financial Times.

“Investors went into News Corp knowing the class A and B share structure. No one can cry wolf now,” Alwaleed told the FT.

News Corp has a two-class share structure, whereby B-class shares have voting rights and A-class no voting rights. Currently, the Murdoch family control nearly 40% of the voting shares and around 12% of the non-voting shares.

Next gens aim for Formula One glory
May 4, 2011

When it comes to next generation business leaders, it doesn’t get much more heavyweight than John Elkann and James Murdoch.

When it comes to next generation business leaders, it doesn’t get much more heavyweight than John Elkann and James Murdoch.

Elkann, scion of one of Europe’s best known business dynasties, chairman of Fiat and chief executive of the Agnelli family investment company Exor, as well as Campden FB’s top family business leader, is one of the most watched business leaders anywhere.

Has Murdoch finally announced his successor?
March 30, 2011

The news that James Murdoch, the youngest son of Rupert Murdoch, is to move to New York and take up a new and more senior role within his father’s business has led to speculation that a successor has at last been decided at the media empire.

 The news that James Murdoch, the youngest son of Rupert Murdoch, is to move to New York and take up a new and more senior role within his father’s business has led to speculation that a successor has at last been decided at the media empire.
 
James has been appointed deputy chief operating officer at News Corporation and will report to the number two at the firm, Chase Carey. He will also become chairman and chief executive of News Corp's international businesses.
 

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