CalSTRS plans to vote against the election of all 12 directors, including K. Rupert Murdoch, James R. Murdoch and Lachlan K. Murdoch, to the board at Twenty-First Century Fox Inc., according to a statement from the $165.9 billion California State Teachers' Retirement System, West Sacramento.
The $165.2 billion Florida State Board of Administration, Tallahassee, has lined up to vote against 10 directors, supporting only Jacques Nasser and Robert S. Silberman.
The C$129.5 billion (US$124.7 billion) Ontario Teachers' Pension Plan, Toronto, opposes only James Murdoch and Viet Dinh, while supporting the other directors for election.
In addition, all three of the funds support a shareholder proposal filed jointly by the Christian Brothers Investment Services and the C$102.8 billion British Columbia Investment Management Corp., Victoria, calling for an independent chairman of the company.
All three funds also support a shareholder proposal filed by the $400 million Nathan Cummings Foundation, New York, calling for an end of the company's dual-class stock structure and provide for each share to have one vote.
The company opposes both shareholder proposals, according to a statement.
In addition, the three pension funds plan to vote to reject ratifying the company's executive compensation, including Rupert Murdoch's pay as CEO. Mr. Murdoch is also chairman.
Nathaniel Brown, senior vice president-communications of the company, couldn't be reached for comment.
Twenty-First Century Fox's annual meeting is Friday.
