ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NWSA Stock Price » NWSA Stock News

News Share News

 News (mm) Stock Price
NWSA Stock Price
 News (mm) Stock Chart
NWSA Stock Chart
 News (mm) Stock News
NWSA Stock News
 News (mm) Company Information
NWSA Company Information
 News (mm) Stock Trades
NWSA Stock Trades

News Corp Announces New Ethics Oversight Structure

By William Launder News Corp. (NWS, NWSA) unveiled a new structure to oversee the company's ethical practices Wednesday, part of its efforts to address concerns that intensified after a phone-hacking scandal erupted at its U.K. newspaper division last year. The new measures were announced in an email to staff by News Corp. Chief Executive Rupert Murdoch. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. The company has named Gerson Zweifach, senior executive vice president and group general counsel, as its chief compliance officer. Lisa Fleischman, vice president and associate general counsel, will become deputy compliance officer. News Corp. also has organized its businesses into five compliance groups, which will be led by a group chief compliance officer who reports to Mr. Zweifach. The groups include the L.A. cable and broadcast group; the L.A. film and TV production group; the Europe and Asia group; the Australia group; and the New York news and information group. The organizational measures come as News Corp. prepares to spin-off its publishing assets from its media and entertainment assets. "Strengthening our compliance programs will take time and resources, but the costs of non-compliance--in terms of reputational harm, investigations, lawsuits, and distraction from our mission to deliver on our promise to consumers--are far more serious," Mr. Murdoch said. In the email, Mr. Murdoch added that News Corp. has initiated a review of anti-corruption controls in select locations around the globe. The purpose of the review is to test current internal controls and identify ways in which to enhance them, he said. "Let me emphasize that the review is not based on any suspicion of wrongdoing by any particular business unit or its personnel," Mr. Murdoch wrote. "Rather, it is a forward-looking review based on our commitment to improve anti-corruption controls throughout the company." Mr. Murdoch and other top executives at the company have faced intense scrutiny in the U.K. as a result of the phone-hacking scandal, which led News Corp. to shutter its News of the World tabloid. Earlier this year, a U.K. Parliamentary committee declared Mr. Murdoch unfit to run a major global company. Write to William Launder at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for News (NWSA)
DateTimeHeadline
01/19/201709:00:00Among Top Home Buyer Challenges for 2017, Rising Mortgage Rates...
01/17/201709:00:00Realtor.com® Unveils Sign Snap™ and Street Peek™ Features For...
01/11/201717:26:00News Corp to Report Fiscal 2017 Second Quarter Earnings
01/10/201714:13:00HarperCollins Will Stop Selling Monica Crowley's Book After Plagiarism...
01/09/201723:34:00PropTiger and Housing.com Come Together to Become India’s Largest Digital Real Estate ...
01/05/201716:21:18Statement of Changes in Beneficial Ownership (4)
01/05/201716:20:27Statement of Changes in Beneficial Ownership (4)
01/05/201716:20:01Statement of Changes in Beneficial Ownership (4)
01/05/201716:19:34Statement of Changes in Beneficial Ownership (4)
01/05/201716:18:42Statement of Changes in Beneficial Ownership (4)
01/05/201716:18:18Statement of Changes in Beneficial Ownership (4)
01/05/201716:17:51Statement of Changes in Beneficial Ownership (4)
01/05/201716:17:26Statement of Changes in Beneficial Ownership (4)
01/05/201716:15:15Statement of Changes in Beneficial Ownership (4)
12/28/201612:00:00Realtor.com® Gives HGTV Dream Home Participants an "Entryway...
12/15/201612:00:00Unruly Taps IBM Watson To Improve Accuracy of Online Marketing...
12/13/201613:10:0021st Century Fox's Bid for Sky Isn't a Done Deal Yet
12/13/201606:02:22Amended Statement of Ownership (sc 13g/a)
12/12/201611:33:00HarperCollins Christian Publishing to offer daily devotionals...
12/09/201614:42:59Amended Statement of Ownership (sc 13g/a)

News and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US