ISS urges vote against Murdoch at Fox's shareholder meeting

Proxy advisory group Institutional Shareholder Services (ISS) has urged Twenty-First Century Fox shareholders to vote against the reelection of Chairman Rupert Murdoch and some other board members at an annual shareholders meeting, criticizing the company's adoption of a poison pill.

News Corp in May 2013 put in place a poison pill provision for one year after the splitting off its media and entertainment businesses, seeking to prevent hostile takeovers. It will be triggered if someone acquires more than 15 percent of the stock of either company. Saying the company should have put the plan to a shareholder vote, ISS called for an independent board chairman to replace Murdoch.