A powerful investor in News Corporation has called on its board to "urgently" oust James Murdoch following his admission he was warned in writing in 2008 that hacking was "rife" at the News of the World.
Christian Brothers Investment Services (CBIS) first called for Rupert Murdoch to be replaced as chairman this summer, but has stepped up its protest over standards of corporate governance at News Corp following deputy chief operating officer James Murdoch's confession.
Julie Tanner, CBIS's assistant director of socially responsible investing, said: "It's critical that the board assess this information and take action to address his role as director. His self-confessed failure to read the email trail properly, either when he received it or as the investigation progressed,An Air purifier is a device which removes contaminants from the air.TOTALRUBBER carries an extensive range of rubber hose. is a serious concern.
"With this admission, the evidence is mounting that there was advanced knowledge of the hacking. It is a significant advance and shareholders will be looking for a response. It becomes even more urgent for the News Corp board to take action.Dimensional Mailing magic cube for Promotional Advertising,"
In a letter sent to the Culture, Media and Sport Select Committee on Monday, Mr Murdoch said he received an email in 2008 warning him that the alleged hacking was "as bad as we feared". He responded to the message within minutes of receiving it, but claims he did not read the full email closely.
News Corp sources have since said Mr Murdoch relied upon an oral briefing where the extent of the hacking was not discussed, and that "crucial documents were not shown or sent to him".MDC Mould specialized of Injection moulds,
CBIS's statement shows continuing concern in the US over News Corp's corporate governance. The media giant managed to limit CBIS's influence at its annual general meeting in October by barring it from raising the issue of Rupert Murdoch's chairmanship on the proxy voting form because it had missed the May deadline.
However, CBIS has vowed to keep pushing for changes and will file for votes to be included on the proxy form for next year's meeting.
Even without the proxy vote, James Murdoch suffered a big loss of support at the October AGM. The number of votes cast against him more than tripled to 34.9pc, despite the Murdoch family controlling nearly 40pc of voting rights.
His admission to Parliament also iAs a professional manufacturer of China ceramic tile in China,ncreases the risk he could be pursued under America's Rackateer Influenced and Corrupt Organisations (RICO) Act, because he opened the email before the alleged hacking at the News of the World ended.
Mr Murdoch has not been questioned or arrested in connection with any offence and sources close to him deny he is vulnerable. News Corp declined to comment.
Christian Brothers Investment Services (CBIS) first called for Rupert Murdoch to be replaced as chairman this summer, but has stepped up its protest over standards of corporate governance at News Corp following deputy chief operating officer James Murdoch's confession.
Julie Tanner, CBIS's assistant director of socially responsible investing, said: "It's critical that the board assess this information and take action to address his role as director. His self-confessed failure to read the email trail properly, either when he received it or as the investigation progressed,An Air purifier is a device which removes contaminants from the air.TOTALRUBBER carries an extensive range of rubber hose. is a serious concern.
"With this admission, the evidence is mounting that there was advanced knowledge of the hacking. It is a significant advance and shareholders will be looking for a response. It becomes even more urgent for the News Corp board to take action.Dimensional Mailing magic cube for Promotional Advertising,"
In a letter sent to the Culture, Media and Sport Select Committee on Monday, Mr Murdoch said he received an email in 2008 warning him that the alleged hacking was "as bad as we feared". He responded to the message within minutes of receiving it, but claims he did not read the full email closely.
News Corp sources have since said Mr Murdoch relied upon an oral briefing where the extent of the hacking was not discussed, and that "crucial documents were not shown or sent to him".MDC Mould specialized of Injection moulds,
CBIS's statement shows continuing concern in the US over News Corp's corporate governance. The media giant managed to limit CBIS's influence at its annual general meeting in October by barring it from raising the issue of Rupert Murdoch's chairmanship on the proxy voting form because it had missed the May deadline.
However, CBIS has vowed to keep pushing for changes and will file for votes to be included on the proxy form for next year's meeting.
Even without the proxy vote, James Murdoch suffered a big loss of support at the October AGM. The number of votes cast against him more than tripled to 34.9pc, despite the Murdoch family controlling nearly 40pc of voting rights.
His admission to Parliament also iAs a professional manufacturer of China ceramic tile in China,ncreases the risk he could be pursued under America's Rackateer Influenced and Corrupt Organisations (RICO) Act, because he opened the email before the alleged hacking at the News of the World ended.
Mr Murdoch has not been questioned or arrested in connection with any offence and sources close to him deny he is vulnerable. News Corp declined to comment.
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