Australian pension funds have criticized Rupert Murdoch's control of News Corp through voting power disparity, asserting that it undermines corporate governance and accountability.
Debby Blakey, CEO of Hesta, emphasized, 'One share, one vote is fundamental to good corporate governance... We use our shareholder votes to drive change and create long-term value.'
The Australian Council of Superannuation Investors stated, 'Voting is a fundamental shareholder right and one of the key ways for shareholders to ensure accountability at listed companies.'
The US hedge fund Starboard Value contends that News Corp's dual-class share structure may prevent effective strategic direction due to family political disagreements.
Collection
[
|
...
]