October 08, 2004
Governance Used as a Hammer at News Corp
Who says Governance trends are just non-value added costs to a corporation? Not so, as we have argued vehemently in this blog. We are firm believers that today's international governance trends can and are being used positively to change corporate behavior. The example below with News Corp. (Murdoch Family) is a great lesson in change due to governance rules.
"SYDNEY News Corp. on Thursday agreed to measures that would limit the Murdoch family's control over the media company to win the support of investor groups who had threatened to oppose the company's plan to move to the United States...."This represents a significant movement from News Corp. on the governance issues," Philip Spathis, executive officer of the Australian Council of Superannuation Investors, said. "It's not a perfect result, but it's a victory for a common sense approach to corporate governance. We would give a recommendation to shareholders now in favor of the move."
For the complete article click here.
To find out how your company or organization can effectively and rapidly comply with Sarbanes-Oxley, see www.issuescenttral.com for more information on the Sarbanes-Oxley Compliance Playbook(tm).
"SYDNEY News Corp. on Thursday agreed to measures that would limit the Murdoch family's control over the media company to win the support of investor groups who had threatened to oppose the company's plan to move to the United States...."This represents a significant movement from News Corp. on the governance issues," Philip Spathis, executive officer of the Australian Council of Superannuation Investors, said. "It's not a perfect result, but it's a victory for a common sense approach to corporate governance. We would give a recommendation to shareholders now in favor of the move."
For the complete article click here.
To find out how your company or organization can effectively and rapidly comply with Sarbanes-Oxley, see www.issuescenttral.com for more information on the Sarbanes-Oxley Compliance Playbook(tm).
