From The Boston Globe-
The Church of England has sold its shares in Rupert Murdoch’s News Corp. over its handling of a phone hacking scandal at one of its newspapers.
Anglican leaders said in a statement Tuesday that they were not satisfied that News Corp. was likely to show a commitment to reform its business practices following evidence of illegal eavesdropping at the defunct News of the World newspaper.
Church official Andrew Brown said the decision to sell the 1.9 million pounds (US$3 million) in News Corp. shares followed a year of inconclusive dialogue between News Corp. executives and members of the church’s ethical investment committee.
‘‘Our decision to disinvest was not taken lightly and follows a year of continuous dialogue with the company, during which the (ethical investment committee) put forward a number of recommendations around how corporate governance structures at News Corporation could be improved,’’ Brown said. ‘‘However the (committee) does not feel that the company has brought about sufficient change and we have accepted its advice to disinvest.’’
More here-
http://www.boston.com/news/world/europe/2012/08/07/anglicans-dump-news-corp-shares-over-hack-scandal/KQsfSwKjPIq7oPsbpgzH4J/story.html
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