Hermes renewed push News Corp Governance

Hermes Equity Ownership Services has again requested the appointment of a new independent chairman of News Corporation, echoing a call last year to replace Rupert Murdoch, the chairman of the media group. The fund manager, said on Wednesday he supported a resolution was co-sponsored by the United Services based on pension Christian Brothers Investment Funds and UK based forum Local Authority Retirement Fund, which is the appointment of an independent chairman of the company. Michael Kors Outlet Store News Corp. is the parent company of Dow Jones, publisher of financial news. The decision comes two weeks before the annual press conference of the company Media General Meeting, Los Angeles, and marks the second year that News Corp has faced opposition from shareholders on corporate governance. Last year was one of many Hermes News Corp. shareholders, the Murdoch family, including Rupert and his son James, who will be replaced by outside directors named. Hans Hirt, Global Head of Corporate Engagement, Hermes Equity Ownership Services, said: "While we recognize the recent changes in the company by the company, News Corp. has not yet adequately the interests of shareholders highlighted facing significant on their board structure and corporate culture annual meeting at the end of the year. "The time has come for the company to obtain an independent chairman rebuild trust, and ensure that the interests of all investors appoint adequately represented." HEOS is owned by BT Pension Scheme, the largest pension funds in the UK, and is part of Hermes Fund Managers to monitor 24.8 pounds of assets. The company will speak in favor of the shareholder resolution. News Corp declined to comment. In a September proxy statement, the Company's management stated that it is reviewing the corporate structure and corporate governance recommended a vote against the resolution Brothers of the Christian Schools. He said: "The Council has to make a unique insight into Mr. KR Murdoch and strategic vision it more capable of the Commission in the discussion on the implementation of the strategy of the company ... The Board also believes that this unified structure of Company additional offer a strong and consistent with a leader in both roles, strong leadership and effective. " In August, the Church of England sold shares worth £ 1.9m, cited ongoing concerns about the company's corporate governance. Company executives have spent the past year answering questions at Leveson inquiry, launched an investigation in July 2011 after the phone-hacking scandal at News Corp. as the New World, which closed for over. Murdoch and his family control about 40% of the voting shares of the company. Ian Greenwood, chairman of the Local Authority Forum Pension Fund, said: "While we are the company's efforts to the damage that has been deleted from the hacking scandal, we realize that News Corp and its shareholders benefit continue to believe the appointment of an independent chairman. clear sense we get is that News Corp. Major shareholders with our analysis and our desire to take the company shares into meaningful reforms agreed to. " Proxy voting firm Glass Lewis supported the resolution.