Effort to Split Murdoch From Chairman Role Resumes at 21st Century Fox
Posted in: Uncategorized21st Century Fox Inc. investors backing a resolution to strip the chairman job from CEO Rupert Murdoch said they have won the support of shareholder-advisory firm Glass, Lewis & Co.
A similar initiative was defeated last year at News Corp., which split this year into a newspaper company that kept the News Corp. name and the more entertainment-focused 21st Century Fox, but Christian Brothers Investment Services and the British Columbia Investment Management are making another attempt.
The companies, which are pushing for an independent chairman at 21st Century Fox company, said the idea has also been endorsed by other proxy-voting firms, such as Institutional Shareholder Services. The resolution will be voted on at Fox’s shareholder meeting on Oct. 18.
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