Murdoch reinstated as BSkyB chair despite resignation calls

James Murdoch has been re-elected as chairman of beleaguered media group BSkyb despite calls from fund management groups for his resignation.

At the company's annual meeting, 81.24% of shareholders voted for him to continue as chairman while 18.76% voted against him. Standard Life Investments joined the growing list of fund management groups calling for the resignation of Murdoch this morning with Guy Jubb, head of governance and stewardship, writing a statement sayig a change in Murdoch's board responsibilities would be in the company's best interests following the unsuccessful bid approach by News Corporation. This highlighted the "conflict of interest" on the board and the News of the World phone hacking scandal, for whi...