SYDNEY (Dow Jones)--News Corp. (NWS) said Wednesday that it is...

SYDNEY (Dow Jones)--News Corp. (NWS) said Wednesday that it is considering
changing its constitution to further strengthen its corporate governance
provisions following unrest among Australian investors who are still undecided
about its planned move to the U.S.
The Australian media conglomerate didn't provide any other details, other than
to say that it will inform the market when a final decision has been made.
Late last month, the Australian Council of Super Investors Inc., which
represents 32 local pension funds that manage more than A$85 billion in
investments, said it will recommend clients reject News Corp.'s move to Delaware
from Australia. This followed the media company's rejection of calls to retain
existing corporate-governance standards when it moves to the U.S. this year,
pending shareholder approval.
Many Australian funds believe corporate-governance standards are stricter in
Australia than the U.S., and say the move, which would mean adopting U.S.
corporate governance, may weaken shareholder rights.