James Murdoch survives bid to oust him from BSkyB board

Standard Life Investments called for Murdoch to step down as Chairman of BSkyB and voted against his re-election as a director. Guy Jubb said, ‘We explained to [Nicholas] Ferguson that the unsuccessful bid approach from News Corporation had magnified the conflicts of interest which the independent non-executive directors have to deal with and, therefore, that it is inappropriate that the group’s board (or indeed the board of any company) is led by a representative of its largest shareholder and putative offeror.’