james murdoch reappointed by bskyb despite opposition
Last Updated : GMT 10:34:49
Arab Today, arab today
Arab Today, arab today

James Murdoch re-appointed by BSkyB despite opposition

Arab Today, arab today

Arab Today, arab today James Murdoch re-appointed by BSkyB despite opposition

London - AFP

Rupert Murdoch's son James was reappointed as a director of British pay-TV giant BSkyB at the company's annual general meeting on Tuesday, but nearly a quarter of shareholders refused to back him. Murdoch received the support of 75.4 percent of shareholders, with 17.4 percent opposed and 7.2 percent withheld. There have been calls for 38-year-old James to stand down from his role as BSkyB chairman since the News of the World tabloid owned by his father's firm News Corp was closed in July amid public revulsion at phone hacking. Murdoch had been expected to be re-elected as News Corp owns 39 percent of BSkyB, but the number of votes against him was unprecedented. Some shareholders have said they fear the presence of James on the BSkyB board could damage the company's image because of his links to the phone hacking scandal. Standard Life Investments, which manages more than six million shares in BSkyB, said it was among those who voted against Murdoch's re-election. News Corp had to withdraw its $12 billion (9.0 billion euros) offer for the part of BSkyB it does not already own in July after it emerged that the News of the World had hacked into the phone of a girl later found murdered. During the phone hacking scandal, James Murdoch gave evidence to a parliamentary committee that was later criticised by politicians for being misleading. Protesters calling for Murdoch's resignation had gathered outside the meeting at a London conference centre. But inside, deputy chairman Nicholas Ferguson gave a strong defence of Murdoch's chairmanship and said the company had no doubts about his honesty as a result of his evidence to the parliamentary committee. "Discussions are open and frank, his chairing is very good. He has put in place strong governance procedures. He has a strong strategic view," Ferguson said. "We've worked with James for eight years, James is a highly competent man. "As for honesty, we've seen nothing that makes us question his honesty." Chris Bryant, a lawmaker for the opposition Labour Party who attended the meeting to voice opposition to Murdoch, said after the vote: "It's a stark result for James Murdoch. I didn't anticipate the vote against him to be anywhere near as high. "Only 1.7 percent of independent shareholders voted against him last year. "He's got the rules, funds and family behind him -- but I still think, as this row goes on, the writing's on the wall. "I strongly suspect Sky will have dispensed with his services by this time next year." BSkyB, which broadcasts live English Premier League football and blockbuster movies, remains highly profitable although in October it said net profits dipped in the first quarter of its financial year despite a solid jump in revenues. Earnings after tax slid 1.3 percent to £225 million ($351 million, 263 million euros) in the three months to the end of September, compared with the same period of the previous fiscal year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

james murdoch reappointed by bskyb despite opposition james murdoch reappointed by bskyb despite opposition

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

james murdoch reappointed by bskyb despite opposition james murdoch reappointed by bskyb despite opposition

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday