James Murdoch stays on BSkyB board
November 2, 2012 09.37 Europe/London By Julian Clover
James Murdoch is to remain a non-executive director of BSkyB, retaining his position through the votes of 95% of shareholders at the company’s Annual General Meeting on Thursday.
There had been calls from shareholder groups including Pensions & Investment Research Consultants to vote against his continued place on the board.
An attempt at last year’s AGM to remove Murdoch as chairman failed, but he stepped down in April 2012 in a move to quell shareholder pressure, in the wake of the News International phone tapping scandal.
He was replaced by Nicholas Ferguson.
On Thursday, BSkyB reported increased revenues of £1,715 million and a profit of £392 million.