James Murdoch has been overwhelmingly re-elected as a director to the Sky board following an AGM vote Friday.
Murdoch received 95.65% in his favor, with 4.35% against. He had faced a protest earlier in the week in the form of the Local Authority Pension Fund Forum. The investment group, which owns approximately 2% of Sky shares, had raised their strong objections to his re-election on account of his ties to the hacking scandal that rocked the News Of The World, and also questioned his conflict of interest given his role as co-chief operating office at 21st Century Fox, which owns a 39% stake in Sky, formerly known as BSkyB.
Murdoch has been on the Sky board since 2003, and was formerly its chief executive and then its chairman. Prior to the vote today, he was serving on the board as a non-executive director.
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