Arab Today, arab today james murdoch reappointed by bskyb despite opposition
Last Updated : GMT 16:01:42
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.

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*

Arab Today, arab today james murdoch reappointed by bskyb despite opposition Arab Today, arab today james murdoch reappointed by bskyb despite opposition

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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