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Consider Fox News, a 21st Century Fox subsidiary.The problem has long pervaded News Corp. and 21st Century Fox, both formally spun off from the original News Corporation in 2013, after the News of the World scandal in 2011, when employees of the British tabloid were accused of engaging in phone hacking, police bribery and exercising improper influence.Though News Corp. and 21st Century Fox split into separate entities, not much has really changed since then.The board of 21st Century Fox, which is co-chaired by Murdoch and his son Lachlan Murdoch, and whose CEO is his other son, James Murdoch, apparently fails to grasp that corporate governance is not just about protecting the company's bottom line. It is time for us to believe what News Corp. and 21st Century Fox are saying. More to the point, it is time for those in a position to rein them in to believe what Murdoch's companies are saying – beginning with the independent British media regulator Ofcom, which is now deciding whether 21st Century Fox, and the Murdoch family that runs it, is fit to proceed with its acquisition of Sky. News Corp. and 21st Century Fox should serve as a cautionary tale for regulators, independent board members and investors alike.
Time for a wider boardroom reckoning
Are guns the next target for
The sexual harassment
reckoning – it’s time for action
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