News Corp.: Elisabeth Murdoch won't join board

Elisabeth Murdoch won't be joining this news Corp. in the near future.In additional fallout in the phone-hacking scandal which has surrounded News Corp.'s British newspapers, the business's board of company directors stated Friday that Elisabeth Murdoch won't be nominated to become listed on the board in October as planned following News Corp.'s purchase of her Shine Group production-distribution company in Feb for $674 million.Although it's likely merely a temporary delay, the tabling of Elisabeth Murdoch's nomination -- which in fact had been set to become approved at News Corp.'s annual meeting in Gotham on March. 15 -- is clearly a proceed to appease concerns about governance issues which have been elevated for that larger company because the political scandal increased for the organization within the U.K.The Shine Group acquisition continues to be belittled by some as overpriced, because of the assets, and driven by News Corp. supremo Rupert Murdoch's need to bring his daughter into the organization fold as well as on the board. The 17-member board already includes Rupert and the two sons, James Murdoch, who heads News Corp.'s Asia and europe procedures and it has been at the middle of the current debate, and Lachlan, who doesn't have an professional role at News Corp. at the moment.Because the Shine acquisition, Elisabeth Murdoch has ongoing to mind her London-based Shine Group being an autonomous unit of News Corp.Inside a statement released Friday evening, News Corp. board member Viet Dinh, chairman from the board's nominating and governance committee, stated:"Elisabeth Murdoch recommended towards the independent company directors some days ago that they felt it might be inappropriate to incorporate her nomination towards the board of News Corp. only at that year's (annual investors meeting), as have been introduced by chairman and Boss Rupert Murdoch during the time of buying of Shine Group captured. The independent company directors agreed the formerly planned nomination ought to be postponed."Both Elisabeth and also the Board hope this decision reaffirms that News Corp. aspires towards the greatest standards of corporate governance and can still act within the needs of stakeholders, whether investors, employees or even the vast amounts of customers who News Corp. content notifies, entertains and often brings about each year.Inch Contact Cynthia Littleton at cynthia.littleton@variety.com