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News Corporation (NASDAQ:NWS) disclosed that its largest shareholder, Starboard Value LP, believes dual-class share structures are not in the best interests of shareholders and do not reflect best-in-class corporate governance practices. Starboard stated that extending super-voting rights to a founder’s heirs is unjustifiable. News Corp’s dual-class share structure, which transfers voting power from a founder to their children, exemplifies its worst aspects. The Murdoch siblings’ differing views could hinder strategic direction, and it’s unclear ...


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