Menu
03/11/2003
BSkyB meet to appoint Chief Executive
BSkyB senior executives are due to vote later today on the appointment of a successor to the company's outgoing Chief Executive Tony Ball.
However, there is speculation that News Corporation boss Rupert Murdoch, may be prevented from voting for his son James as the row over the appointment of a new Chief Executive BSkyB continues.
It is understood that the articles of association for BSkyB permit any of the directors to table a motion that would block a director from voting if there is material interest. Only the eight independent non-executive directors may vote in the ballot to decide the appointee to the top post.
The senior executives' meeting today will mark a succession dispute that began when current Chief Executive Tony Ball announced his resignation in September.
However, BSkyB shareholders have also questioned the almost certain appointment of 31-year-old James Murdoch to head up the operations at the major satellite broadcasting firm.
James Murdoch is currently a non-executive director of BSkyB and is Chief Executive of Star TV, an Asian satellite broadcaster owned by Rupert Murdoch.
BSkyB shareholders are due to meet at the company's AGM to be held on November 14. One shareholder group, The National Association of Pension Funds, has already stepped into the fray claiming that a former Conservative cabinet minister, Lord St John of Fawsley, cannot be an independent member as he has sat on the board for 12 years.
The NAPF further condemned BSkyB's remuneration report for its "lack of clarity" and for its failure to reveal the details of the entitlement package for the departing Chief Executive Tony Ball.
BSkyB's group finance director Martin Stewart has been tipped as a possible alternative candidate for the post of Chief Executive of the top British pay-TV company.
Rupert Murdoch, the boss of News Corporation, which owns a 34.5 per cent stake in BSkyB, is expected to join the meeting today by video link.
(SP)
However, there is speculation that News Corporation boss Rupert Murdoch, may be prevented from voting for his son James as the row over the appointment of a new Chief Executive BSkyB continues.
It is understood that the articles of association for BSkyB permit any of the directors to table a motion that would block a director from voting if there is material interest. Only the eight independent non-executive directors may vote in the ballot to decide the appointee to the top post.
The senior executives' meeting today will mark a succession dispute that began when current Chief Executive Tony Ball announced his resignation in September.
However, BSkyB shareholders have also questioned the almost certain appointment of 31-year-old James Murdoch to head up the operations at the major satellite broadcasting firm.
James Murdoch is currently a non-executive director of BSkyB and is Chief Executive of Star TV, an Asian satellite broadcaster owned by Rupert Murdoch.
BSkyB shareholders are due to meet at the company's AGM to be held on November 14. One shareholder group, The National Association of Pension Funds, has already stepped into the fray claiming that a former Conservative cabinet minister, Lord St John of Fawsley, cannot be an independent member as he has sat on the board for 12 years.
The NAPF further condemned BSkyB's remuneration report for its "lack of clarity" and for its failure to reveal the details of the entitlement package for the departing Chief Executive Tony Ball.
BSkyB's group finance director Martin Stewart has been tipped as a possible alternative candidate for the post of Chief Executive of the top British pay-TV company.
Rupert Murdoch, the boss of News Corporation, which owns a 34.5 per cent stake in BSkyB, is expected to join the meeting today by video link.
(SP)
Related UK National News Stories
Click here for the latest headlines.
10 May 2013
Rise In Pre-Tax Profits For BT
BT has posted an increase of 2% in its pre-tax profits for the year to 31 March. Profits rose to £2.5bn, but revenues still fell 5% to £18bn. The company also created 3,000 jobs in the UK over the past year.
Rise In Pre-Tax Profits For BT
BT has posted an increase of 2% in its pre-tax profits for the year to 31 March. Profits rose to £2.5bn, but revenues still fell 5% to £18bn. The company also created 3,000 jobs in the UK over the past year.
07 June 2005
Glazer’s sons take positions on Man Utd board
Malcolm Glazer’s three sons have been appointed posts on the board of Manchester United football club. It was announced that Joel, Avram and Bryan Glazer would take up posts as non-executive directors on the board, as the non-executive chairman Sir Roy Gardener confirmed that he would be resigning from his post.
Glazer’s sons take positions on Man Utd board
Malcolm Glazer’s three sons have been appointed posts on the board of Manchester United football club. It was announced that Joel, Avram and Bryan Glazer would take up posts as non-executive directors on the board, as the non-executive chairman Sir Roy Gardener confirmed that he would be resigning from his post.
17 November 2003
BSkyB AGM bows to Murdoch ascension
BSkyB's AGM, held in the afterglow of the company's impressive results announcement, has approved the controversial appointment of James Murdoch, son of BSkyB Chairman Rupert, as Chief Executive.
BSkyB AGM bows to Murdoch ascension
BSkyB's AGM, held in the afterglow of the company's impressive results announcement, has approved the controversial appointment of James Murdoch, son of BSkyB Chairman Rupert, as Chief Executive.
05 November 2015
Further Fall In Sales For Morrisons
Morrisons has reported a further fall in sales. According to the supermarket chain, in the 13 weeks to 1 November, like-for-like sales – which excludes fuel – fell by 2.6%. Morrisons said the decline is due to a reduction in the number of its promotional vouchers, which had affected sales in the third quarter by some 2.4%.
Further Fall In Sales For Morrisons
Morrisons has reported a further fall in sales. According to the supermarket chain, in the 13 weeks to 1 November, like-for-like sales – which excludes fuel – fell by 2.6%. Morrisons said the decline is due to a reduction in the number of its promotional vouchers, which had affected sales in the third quarter by some 2.4%.
17 October 2012
4.7 Million Suffer Depression New Figures Show
There has been a half a million increase in just three years of the number of people suffering with depression in England, according to an analysis of NHS data. The total number for 2010-11 stood at 4.7 million people. Data analysis firm SSentif said there was also a large increase in the number of prescriptions for anti-depressants.
4.7 Million Suffer Depression New Figures Show
There has been a half a million increase in just three years of the number of people suffering with depression in England, according to an analysis of NHS data. The total number for 2010-11 stood at 4.7 million people. Data analysis firm SSentif said there was also a large increase in the number of prescriptions for anti-depressants.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
