James Murdoch faces protest vote against Sky board role

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James Murdoch is facing a protest vote against his continued role on the board of Sky at the broadcaster’s annual meeting on Friday.

The Local Authority Pension Fund Forum – which unites 61 public sector pension funds – is advising voting against the re-election of Murdoch to the board. He was chief executive between 2003 and 2007 and then chairman until April 2012 before becoming a non-executive director.

His father Rupert controls 39% of Sky, which was known as BSkyB until changing its name last week.

“LAPFF has consistently raised concerns about James Murdoch’s role on the BSkyB board since 2011, concerning conflicts of interest and director candidature suitability,” said Kieran Quinn, chair of the LAPFF.

The company said: “James Murdoch has always acted with integrity and competence in his time at Sky. He continues to make a major contribution to the company”

Advisory body Pirc is also recommending a vote against James Murdoch, arguing he cannot be considered to be an independent director as he has sat on the board for more than nine years. Pirc cited a report from Ofcom, the UK communications industries regulator, which criticised his handling of the phone hacking scandal.

At last year’s meeting, 4% of investors voted against Murdoch’s re-election.

Powered by Guardian.co.ukThis article was written by Jill Treanor, for The Guardian on Wednesday 19th November 2014 19.10 Europe/London

guardian.co.uk © Guardian News and Media Limited 2010


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