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Pension Funds Boss Is Varnishing over Cracks at British Sky Broadcasting.
Knight Ridder/Tribune Business News, November, 2003
Daily Mail, London Knight Ridder/Tribune Business News
Nov. 6--National Association of Pension Funds boss Christine Farnish did a U-turn last night in the row over the appointment of James Murdoch as British Sky Broadcasting's new chief executive.
Farnish -- who this week spelled out the "nuclear option" of calling an egm to block the appointment -- said shareholders should fall into line.
The NAPF said: "To cast aspersions on the [appointment] process would reflect a lack of faith in the non-executive directors and the professionalism of the recruitment firm."
But it said shareholders still had legitimate worries over Sky's governance.
Investors fear that James Murdoch and his father, Sky chairman Rupert, may divert...
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