Martha Graybow of Reuters writes Wednesday that corporate governance experts are wondering what News Corp. was thinking when it picked a 27-year-old opera singer to represent the Bancroft family on its board after it closes its deal to acquire Dow Jones & Co., the parent of The Wall Street Journal, which the Bancrofts control.
“‘There are no training wheels in boardrooms and she is supposed to be up and running on day one,’ Minow said. ‘It may be that she is a quick study and she is going to throw herself into this and learn all about accounting and SEC filings. It may be that they put her on the committee that plans the Christmas party and call it a day.’
“Governance experts say that directors should be financially literate and understand documents such as a balance sheet or cash flow statement.
“Outside board members are charged with being shareholder watchdogs who oversee a company and its management.”
Read more here.Â
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…