By Kevin McCauley
News Corp.’s management and standards committee has broadened its News of the World hacking probe to three other of its publications, according to its Oct. 11 Securities and Exchange filing. Those papers are the Sun, Times and Sunday Times.
The panel as retained the Linklaters law firm to “advise it on these investigations and all other matters that it handles.”
Another law firm, Olswang, is working with the MSC to “recommend a series of policies, practices and system to create a more robust governance, compliance and legal structure.”
News International has promised to implement an ethics plan “that it hopes will become a standard for the industry.”
The federal filing is a response to the recommendation of Institutional Shareholders Services’ recommendation to vote against 13 of its 15 directors up for election at the Oct. 21 annual meeting slated for Los Angeles.
News Corp. believes “ISS’s disproportionate focus on the NOTW matter is misguided.”
According to the filing: “Our litigation exposure to the NOTW matter could affect News Corp.’s results of operations and financial condition, and we are taking this matter very seriously.
However, our broad, diverse group of business across the globe is extremely strong today. The drives or our businesses are intact, our position is strong and our future is promising.”
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