The daughter of Rupert Murdoch will not join the board of her father’s News Corporation conglomerate as had been expected, the company has announced.
News Corp said Elisabeth Murdoch, 42, told its directors that it would be “inappropriate” to join the board.
She was expected to join the News Corp board after it bought Shine Group, the UK television production firm she runs.
In February, her father said he expected her to make the move after the £415m deal had been completed.
However, in a statement, Viet Dinh, chairman of the nominating and corporate governance committee of the News Corporation board of directors, said Ms Murdoch had “suggested to the independent directors some weeks ago that she felt it would be inappropriate to include her nomination to the board of News Corp”.
The statement went on: “The independent directors agreed that the previously planned nomination should be delayed.
“Both Elisabeth and the board hope this decision reaffirms that News Corp aspires to the highest standards of corporate governance and will continue to act in the best interests of all stakeholders, be they shareholders, employees or the billions of consumers who News Corp content informs, entertains and sometimes provokes every year.”
Last month News Corp dropped its takeover bid for BSkyB amid revelations reporters working for its now-defunct News of the World title hacked into the mobile phones of celebrities and others, including murdered schoolgirl Milly Dowler.
Before the scandal broke, US investors had questioned News Corp’s purchase of Ms Murdoch’s Shine Group.
In March, US pension funds sued News Corp for buying his daughter’s business, alleging in a writ the company was “paying for nepotism”.
Ms Murdoch is a former BSkyB managing director, responsible for all of the network’s non-sport output and its consumer marketing division.
She joined the company in 1996, oversaw record viewing figures for Sky One, and launched the UK’s first pay-per-view service.