Monday, 25 November 2013

James Murdoch returns to BSkyB board

James Murdoch, the son of Rupert Murdoch and the deputy COO of 21st Century Fox, has returned as director of BSkyB, gaining support from 96% of shareholders. 
James had stepped down as chairman in April 2012 amid allegations of phone hacking when he was heading News International. 

Opposition, however, came from investor advisory firm Pirc. “We consider James Murdoch’s conduct, including his failure to initiate action on his own account on a number of occasions, to be both difficult to comprehend and ill-judged. In our view, his conduct … repeatedly fell short of the exercise of responsibility to be expected of him as CEO and chairman,” the firm stated. 
James had occupied the seat as BSkyB director since 2003. He was BSkyB CEO from November 2003 to December 2007, and then became chairman until April 2012, 
His return comes at a time when BSkyB is facing competition from U.K. telecom giant BT which has been gobbling up TV rights to sports properties, including some English soccer leagues.


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