John Thornton elected to NewsCorp board of directors

MUMBAI: News Corporation has elected John L Thornton to its board of directors. His appointment is effective immediately.

Alongside appointment of the Thornton, News Corp has also reconstructed the board committee membership.

After the election of Thornton, the number of News Corporation's directors increases to 15. The board now has a majority of independent directors, says a company release.

The release also announced that the board's three committees - audit, nominating and corporate governance, and compensation committee - have been reconstituted to reflect changes to the board membership.

Announcing the election of Thornton, News Corporation chairman and CEO Rupert Murdoch in an official statement said, "John is a highly respected businessman. He has been a senior officer of one of the world's greatest financial institutions in Goldman Sachs and is a recognized authority on business leadership. John's contributions to the board as an additional independent member will be invaluable."

Thornton has been a professor of global leadership at Beijing's Tsinghua University and Goldman Sachs' former president and co-chief operating officer.

Thornton, 50, continues to serve as a senior advisor to the firm and remains as a director of The Goldman Sachs Foundation.

He joined Goldman Sachs in 1980 and became a partner in 1988. He is also a director of the Ford Motor Company, Intel Corporation, The DirectTV group and Pacific Century group, Inc.

The changes to the board's committees, according to the News Corp release, include:

.Rod Eddington was added to the Audit Committee and appointed as a chairman.

.Peter Barnes joins the existing members of the committee, Andrew Knight and Thomas Perkins.

.Viet Dinh has joined the nominating and corporate governance committee.

.Geoff Bible, as chairman, and Ken Cowley will remain members of the committee, while Rod Eddington has retired.

John Thornton joined the compensation Committee. Andrew Knight remains chairman of the committee and fellow members Rod Eddington and Thomas Perkins will remain on the committee, adds the release.

Latest Reads
Eros International profit margins up in FY 2018

BENGALURU: The Sunil Lulla-led Indian film and media company Eros International Media Ltd (Eros) saw EBITDA for the quarter ended 31 March 2018 (FY 2018, year, fiscal under review) of Rs 328.21 crore and a margin of 34.2 per cent of operating revenue, about 985 basis points more than the margin of...

Television TV Channels Movie Channels
Zee Cinema to air the World TV Premiere of the family entertainer Pad Man on Saturday, 26th May at 8PM

The people who are crazy enough to think they can change the world are the ones who do. A movie that dared to break stereotypes and talk about a tabooed topic, Pad Man was instrumental in creating a platform to discuss female hygiene in the country. Helmed by the celebrated director R Balki, Pad...

Television TV Channels Movie Channels
TV Today board recommends 45% dividend; numbers up

The board of directors of TV Today Network Ltd (TVTN) has recommended a dividend of Rs 2.25 (45 per cent) per equity share of face value of Rs 5 each for the financial year ended 31 March 2018 (FY 2018, year, fiscal under review). The company has reported 10.7 per cent growth in consolidated total...

Television TV Channels News Broadcasting
Sony takes audiences to the crossroads with new show

MUMBAI: After being a leader in introducing mythological shows, Sony Entertainment Television (SET) is taking a different route. The channel’s latest offering is Zindagi ke Crossroads, a 39-episodic interactive show where the studio audiences will put forward their opinions on the challenges faced...

Television TV Channels GECs
Cosmos-Maya’s next international co-production is a spin-off series of the much talked about 3D Animation feature film Leo da Vinci: Mission Mona Lisa

is another high quality 3D animation international co-production - a spin-off series based on the recently released film Leo da Vinci: Mission Mona Lisa.

Television TV Channels Kids
EPIC TV & Penguin Present The Third Book Of The Devlok With Devdutt Pattanaik Series

Where did the name Radha come from? When did Christianity first come to India? What is the connection between sanskar and dharma? After the enormous success of the first two books in the ‘Devlok with Devdutt Pattanaik’ series, India’s favourite mythologist, Devdutt Pattanaik, is back with a third...

Television TV Channels Factual & Documentary
Banijay Asia and Salman Khan TV collaborates to create content for digital and tv

World’s largest independent content creation group, Banijay Group recently entered Indian & South East Asian market under the guidance of Deepak Dhar with an aim to produce content across genres. Banijay Asia &SK TV, which was launched few years back, come together to create novel and...

Television TV Channels GECs
DSport reaches 110 mn households in a year

DSport, the sports TV channel by Discovery Communications, has achieved the milestone of reaching 110 million households in India. The channel was launched on 6 February 2017 and achieved the milestone within one year of operations in India and has expanded its distribution across all DTH and...

Television TV Channels Sports
Star Suvarna to telecast 'Kannadada Kotyadhipati 2018' the Kannada version of 'Who wants to be a Millionaire' as part of its revamp

May 21, 2018: The third season of Kannadada Kotyadhipati, the Kannada version of ‘Who wants to be a Millionaire’, which sets the stage for a revamps of Star Suvarna, the Kannada GEC channel of Star Network will premiere in June’18. Since January 2018, the channel has gained viewership share in...

Television TV Channels Regional

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories