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BSkyB Planning Boardroom Reshuffle

BSkyB Planning Boardroom Reshuffle

BSkyB is reportedly planning a re-shuffle of its boardroom, just days after it announced quarter three subscriber figures were lower than expected (see Sky Subscriber Rates Drop).

A Sky spokesman said: “As part of the review of the company’s corporation governance practices, Lord Wilson will be looking at the board and board committees to determine whether the current set-up is fit for purpose. The results will be announced in due course and could even be available in one month.”

Since James Murdoch, son of media baron Robert Murdoch, was appointed as chief executive of Sky, he has been under shareholder scrutiny.

Critics of his appointment and the recruitment process included the National Association of Pension Funds and the Association of British Insurers.

Earlier this week, Sky reported that third quarter operating profit reached record levels, growing 76% to £438 million (see Sky Turns Down Premier Bids As Profits Soar).

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