4. Comment on the true independence of News Corp's Board. Is it sufficient to just follow the guidelines in corporate governance codes? Should there be a deeper review of the threats to a director's independence? 5. Although News Corp is a public multinational corporation, the decision- making processes of the company seem to lie solely in the Murdochs' hands. Why is this so? How does this affect the level of involvement of other shareholders in monitoring News Corp's performance? 6. What are the pros and cons of a dual-class share structure? On balance, do you believe that regulators should permit such structures for publicly- listed companies?