Starboard Value, one of the largest shareholders of News Corp. (NWS) (NWSA) announced that Institutional Shareholder Services, or ISS, Glass, Lewis, and Egan-Jones, three U.S. proxy advisory firms, recommend shareholders vote for Starboard’s proposal to collapse the dual-class share structure at the company’s upcoming 2024 Annual Meeting of Shareholders. Additionally, Ownership Matters Governance Advisors, a proxy advisory firm in the Australian market, recommends shareholders vote for this same proposal.
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