Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 20 : 6-Nov-25

Institutional Shareholder Services says News Corporation shareholders should vote against chairman Lachlan Murdoch at the media group’s upcoming annual meeting. ISS has expressed concern that Murdoch’s $5bn bid to gain control of the family’s stake in News Corp and Fox Corp had included pledging $US1bn ($1.5bn) worth of the companies’ shares as collateral; the firm contends that the pledging of company stock by directors or executive officers can pose a risk to the investments of outside shareholders. However, News Corp has accused ISS of using ‘arbitrary metrics’ to misrepresent and overstate the pledge’s applicability to Murdoch, noting that he Lachlan did not own the shares directly and only held a one-third interest in the company that did via a trust. ISS has also recommended voting against the re-election of three other members of News Corp’s board.

CORPORATES
NEWS CORPORATION – ASX NWS, INSTITUTIONAL SHAREHOLDER SERVICES INCORPORATED, FOX CORPORATION