Advisors turn against James Murdoch as Sky chairman
James Murdoch’s independence as chairman of Sky is questioned by shareholder advisors.
James Murdoch. Photo: Eirik Solheim, Flickr.
James Murdoch faces investor opposition to his reappointment as chairman of Sky, after a clutch of advisors made it clear they wanted a new face leading the board.
Investor advisors PIRC (Pensions & Investment Research Consultants) issued a statement saying they wanted Murdoch to move over independence issues.
"The chairman James Murdoch is not considered independent upon appointment as he is the former Chief Executive Officer of the Company and he is part of the controlling family.
"It is considered that the Chairman should not be a former Executive and should not be connected [to] a controlling shareholder in order to protect t
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