NEW YORK, Nov 5 (Reuters) - Proxy advisory firm Glass
Lewis on Tuesday urged News Corp ( NWSA ) investors to back a
plan to end the company's dual-class voting structure, lending
additional support to an activist hedge fund's push for the
change.
The recommendation comes just days after rival U.S. proxy
advisory firm Institutional Shareholder Services last week threw
its weight behind the shareholder proposal made by activist
investor Starboard Value. Australian governance advisory firm
Ownership Matters also recommended that investors vote for the
Starboard proposal.
"Allowing one vote per share generally operates as a
safeguard for common shareholders," Glass Lewis wrote in its
report, which was seen by Reuters.