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Calpers voting against Murdoch reelection at News Corp
October 15, 2011 / 12:25 AM / 6 years ago

Calpers voting against Murdoch reelection at News Corp

(Reuters) - Calpers, the biggest U.S. public pension fund, said on Friday it would withhold its votes for the reelection of Rupert Murdoch and sons James and Lachlan to the News Corp board of directors.

BSkyB Chairman James Murdoch (L) and his father, News Corp Chief Executive and Chairman Rupert Murdoch, appear in images made from television as they are questioned by parliamentary committee on phone hacking at Portcullis House in London July 19, 2011. REUTERS/Parbul TV via Reuters Tv

The California Public Employees’ Retirement System, best known as Calpers, also said in a statement that it would withhold votes for Arthur Siskind and Andrew Knight in protest of the dual class voting structure at the company.

The pension fund said it aims to “rejuvenate” the News Corp board with new independent directors.

Calpers owns approximately 1.45 million News Corp shares.

Also on Friday, Hermes Equity Ownership Services, the shareholder advisory service affiliated with Britain’s largest pension fund, urged investors to vote against the reelection of all Murdoch family members, Siskind and Knight.

The annual general meeting of the media group, under fire for a phone hacking scandal, is scheduled for on October 21.

Reporting by Jim Christie; Editing by Gary Hill

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