DailyMail.NOTW.DOWJONES.SAME.CFO

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>>> Date: November 21, 2011 7:26:15 PM PST

>>> To: [email protected],

>>> Cc: [email protected], @parliament.uk,

>>> Subject: (pls pass to Victim Hugh Grant)

SEE September 28, 2010 Daily Mail (DMGT) announcement to hire Dow Jones COO/CFO -

Daintith

>>> 28 September, 2010

>>>

>>> Daily Mail and General Trust plc (`DMGT')

>>>

>>> Finance Director Announcement

>>>

>>> Peter Williams has announced his intention to retire as Finance Director of

>>> DMGT in March 2011. Mr. Williams has been with DMGT since 1982 and has held the>>> position of Finance Director since 1991.

>>>

>>> "Peter has made a tremendous contribution over the last 19 years as Finance

>>> Director, making him one of the longest serving Finance Directors in the FTSE -

>>> a testament to his ability, loyalty and dedication. On behalf of the Board, I

>>> would like to thank Peter for his outstanding contribution and leadership and

>>> to wish him the very best in his retirement" Lord Rothermere stated.

>>>

>>> Martin Morgan added that "it has been a real pleasure working with Peter not

>>> only during my time with DMGI, but more importantly since taking over as CEO of

>>> the Group in 2008. Although Peter will be retiring from the Company, I am>>> pleased he will continue to have an active involvement with the DMGT Pension

>>> funds".

>>>

>>> Replacing Peter, the Company announced the appointment of Stephen Daintith as

>>> the new Finance Director of DMGT.

>>>

>>> Stephen is currently Chief Operating Officer and Chief Financial Officer of Dow

>>> Jones based in New York. Before joining Dow Jones in New York in April 2008,

>>> Mr. Daintith had been the CFO of News International since 2005.

>>>

>>> "Stephen Daintith is a top class executive with extensive consumer and

>>> business-to-business experience that we are pleased will be joining the>>> Company. Peter's are a large pair of shoes to fill, and I am confident Stephen

>>> will do so admirably" said Lord Rothermere.

>>>

>>> Mr. Daintith previously held several executive positions at British American

>>> Tobacco, rising to be CEO of the company's Swiss unit in 2004 after various

>>> international assignments in Bangladesh, Pakistan and South Africa.

>>>


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>>> Mr. Daintith is British, married with four sons. He is a Chartered Accountant

>>> and after graduating from Leeds University, started his career with Price

>>> Waterhouse and Forte Plc. He will join DMGT early in 2011 and is expected to

>>> take over as Finance Director no later than 1st April 2011.

>>>

>>> Enquiries: Martin Morgan, Chief Executive, DMGT 020 7938 6615

>>> Andrew Honnor, Tulchan Communications 020 7353 4200

>>>

>>> Stephen is currently Chief Operating Officer and Chief Financial Officer of Dow

>>> Jones based in New York.

> On Nov 23, 2011, at 1:16 PM, Brad wrote:

>

>>>>>>> WHY IS THE PRESS PROTECTING AND FAILING TO DISCLOSE THAT NOTW INVOLVED TOP

EXECUTIVE IS CONTROLLING DAILY MAIL OPERATIONALLY AS THEIR CFO?

The Guardian revealed in July 2009 that NOTW had made payments in excess of 1 millionto three people subject to phone-hacking, including Professional Footballers Association

chairman Gordon Taylor, with the out-of-court settlements subject to secrecy

clauses.[24]

In July 2009, Private Eye revealed that The Guardian had, in order to avoid "all out

war" with the NOTW, chosen not to tell the Commons committee that the 700,000 payment

to Gordon Taylor, one of the three people with whom the NOTW reached out-of-court

settlements, was signed off in June 2008 by the directors of News Group Newspapers Ltd,

the News International subsidiary owning the NOTW thus showing awareness of the matter

at the highest levels.[25] The reports led the Press Complaints Commission to re-open

its inquiry into the matter (finding that it had not been "materially misled",[26]leading Guardian editor Alan Rusbridger to resign from the PCC[24]), and the House of

Commons Culture, Media and Sport Select Committee to reopen its inquiry.[24]

[edit]Select Committee report

In February 2010 the House of Commons Culture, Media and Sport Select Committee, under

the chairmanship of Conservative MP John Whittingdale, reported on the phone hacking

affair as part of a wide-ranging report into privacy and libel issues.[27] The report

condemned the testimony of the NOTW witnesses that had appeared before the Committee,

referring to "collective amnesia" and "deliberate obfuscation", and noted News

International chief executive Rebekah Brooks' refusal to appear at all. The Committee

concluded "We strongly condemn this behaviour which reinforces the widely held

impression that the press generally regard themselves as unaccountable and that NewsInternational in particular has sought to conceal the truth about what really

occurred."[28]

LINK A

a Linklaters LLP


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>>>> www.parliament.uk/.../PH23-John-Turnbull-to-Committee-15-Aug-2...

>>>> File Format: PDF/Adobe Acrobat - Quick View

>>>> Aug 15, 2011 and the payments authorised by Mr Stephen Daintith (formerly the

Finance Director of News. International). As set out in the January 2010 ...

LINK B

http://www.publications.parliament.uk/pa/cm200910/cmselect/cmcumeds/memo/press/uc13702.h

tm

Committee Question 3

>>>>> We would be grateful for a definitive list of which directors or other staff of

News Group Newspapers, News International or News Corp a) knew about and b) authorised

the settlement with and payments to Clive Goodman and Glenn Mulcaire following the

termination of their respective contracts?

>>>>> Were either of the settlements formally authorised by the board of News Group

Newspapers, News International or News Corp or a sub-committee of any of their boards,

or any of their directors acting with the authority of the board, be it directly or

under delegated powers? If so the Committee would also be grateful for the relevant

minute of any such authorisation.

>>>>> Answer

>>>>> Les Hinton, then Executive Chairman of News International Limited and a director

of News Group Newspapers Limited, authorised the settlement with, and payment to, CliveGoodman, following discussions with Jon Chapman and Daniel Cloke. He also authorised the

settlement with, and payment to, Glen Mulcaire, following discussions with Jon Chapman

(Daniel Cloke was aware this matter was settled but not of the terms of settlement).

Stephen Daintith, then Finance Director of News International Limited and a director of

News Group Newspapers Limited, was also aware of these settlements. Tom Crone was aware

the matters had been settled but was not aware of the terms of settlement. No other

directors of News Group Newspapers Limited knew about the settlements and payments at

that time. There was no requirement (either as a matter of company law or under the

constitution of News Group Newspapers Limited) for formal authorisation by the board of

News Group Newspapers Limited. As Executive Chairman of News International Limited, Mr

Hinton had authority to address this type of matter both for News International Limited

and for its subsidiaries. As there were no board proceedings, there is no minute of theauthorisation.

October 2010 Murdoch still denies.

>>>>>>> Stephen Mayne: what's your personal view of the phone bugging issue in the UK

involving Andy Coulson and Clive Goodson the former Royals reporter. There has been a

lot of press about it.


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>>>>>>> Rupert Murdoch: we have very very strict rules. There was an an incident more

than 5 years ago. The person who bought a bugged phone conversation was immediately

fired and in fact he subsequently went to jail. There has been two parliamentary

inquires, which have found no further evidence or any other thing at all. If anything

was to come to light, we challenge people to give us evidence, and no-one has been able

to. If any evidence comes to light, we will take immediate action like we took before.

>>>>>>> Stephen Mayne: you haven't read that New York Times piece?

>>>>>>> Rupert Murdoch: no.

>>>>>>> Stephen Mayne: The actual committee said in it's report, there was "deliberate

obfuscation" by our executives, there was "collective amnesia" by the executives and

you've just demonstrated this again, and this point ....

>>>>>>> Rupert Murdoch: I'm sorry. Journalists who have been fired, who are unhappy, or

work for other organisations - I don't take them as an authority, and least of all Idon't take The New York Times as authority which is the most motivated of all.

>>>>>>> Stephen Mayne: I would like to refer to page 16 of the proxy statement, where

you say "directors are encouraged to attend and participate" in the company's annual

meeting to stockholders, I would like to direct a couple of questions now to both Viet

Dinh and Sir Rod Eddington. Sir Rod is our lead independent director and Viet Dinh as

our chair of our nomination and corporate governance committee. Gentlemen, could you

please tell shareholders what steps you've taken to ensure that the code of ethics that

this company has on its website and claims to adhere to, has been followed in relation

to the phone hacking issue in the UK.

>>>>>>> Viet Dinh: The code of ethics and standards of business conduct obviously

describe the overall framework through which we govern ourselves. We trust our

executives, our management and our personnel to follow them, and where infractions are

made, appropriate actions are taken as the chairman has indicated. At the board level

the audit committee obviously has oversight over any allegations of financial

mismanagement or impropriety. The board, including its nominated corporate governance

committee has oversight over other risk areas and other allegations of impropriety. I

think these procedures have served us well in the past, and will continue to serve us

well into the future.

>>>>>>> Sir Rod Eddington: To add to that Mr Mayne, the audit committee also, we have a

sensible and comprehensive whistle blower policy, and in addition to the things VietDinh has mentioned, when concerns are raised internally, confidentially, by employees

about conduct within the organisation, they are handled and reviewed in a substantial

way, and those concerns are brought to the audit committee. So the audit committee also

uses that mechanism, and in my experience, the organisation takes seriously any breaches

of conduct and the code of ethics.

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