With independent board members privately rebelling and institutional investors publicly complaining about inadequate corporate governance in the wake of the UK phone-hacking scandal, News Corp’s board of directors is scheduled to meet Tuesday in Los Angeles ahead of the company’s fiscal year-end earnings release the next day. Now the media giant’s Wall Street Journal is reporting that Elisabeth Murdoch and the media giant have shelved plans for her to join the board for now. The 42-year-old daughter of News Corp Chairman/CEO Rupert Murdoch was expected to join the board as part of her return to the company through News Corp’s acquisition of the Shine Group, the television-production company she runs. Rupert had even said in a news release in February that he expected her to join the board when the £415 million ($680 million) Shine acquisition was completed in April. News Corp independent director Viet Dinh said in a statement Friday that Elisabeth “felt it would be inappropriate” to join the company board at its annual meeting later this year and the company’s independent directors agreed. (more…)