http://www.smh.com.au/business/medi...investor-citing-scandals-20170928-gyr3c3.html
Rupert Murdoch's control over media conglomerate 21st Century Fox faces a renewed challenge from a shareholder who cites scandals at the mogul's companies.
Fox recommends shareholders oppose the proposal by the Nathan Cummings Foundation, which held 947 voting shares, to eliminate the dual-class stock structure that gives Mr Murdoch control, according to a regulatory filing on Thursday.
Investors will decide on the non-binding measure at the annual meeting scheduled for November 15 in Los Angeles.
Despite owning 17 per cent of the outstanding shares, executive chairman Mr Murdoch controls almost 40 per cent of the voting power, according to the filing and a statement by the foundation.
The group has unsuccessfully pursued a similar change at another Murdoch company, News Corp, for several years and proposed such a change at Fox in 2013.
"There are a number of reasons, including all of the various high-profile scandals that the company has faced," said Laura Campos, director of corporate and political accountability at the New York-based foundation.