The directors of a company are responsible for a variety of duties, primarily the financial well being of the company, hiring company executives, representing the shareholders at large, and setting broad company goals.
Everyday investors have the right to tell the companies they own what to do on important issues from diversity to climate change, but it’s historically been difficult and time consuming to vote on shareholder resolutions. Thanks to new technologies, it’s now easier than ever to vote your shares and amplify your voice. Learn more in our shareholder activism series.
The Daily Beast argued that Rupert Murdoch, the founder and executive chairman of News Corp, has stacked the board of directors with “children, cronies and pushovers”. Up for a vote this year are two of Rupert’s sons: Lachlan, a former company executive, and James, who ESG analysts (corporate governance experts) Glass Lewis recommend against due to his involvement in multiple other public companies. Another questionable choice is Natalie Bancroft, an opera singer with limited business, journalistic or professional background.
Shareholders can vote on each of the directors individually. Who do you think is right to represent you?
Hey you, @newscorp shareholder – are Rupert Murdoch’s sons the right directors to represent you and other shareholders on the company’s board? #VoteYourProxies today. https://t.co/79O3tfbb2F #ESG #CSR
— OpenInvest (@openinvestco) November 8, 2017