Non-execs in majority at BSkyB

13 April 2012

SATELLITE TV company BSkyB has appointed two new board members, putting independent directors in the majority. The move is part of the reforms begun after James Murdoch, son of chairman Rupert, was named chief executive last year, despite objections by big investors.

The newcomers are Nicholas Ferguson, chief executive of private equity firm SVG Capital, and Andy Higginson, finance and strategy chief at Tesco.

Lord St John of Fawsley, who headed Sky's nominations committee and was criticised by investors over his role in James Murdoch's appointment, is no longer listed as an independent.

He has also resigned from the newly-merged nominations and corporate governance committee.

Peter Montagnon of the Association of British Insurers welcomed the move but said it was 'an evolutionary process' and further change may be needed.

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