Starboard Value is seeking to eliminate News Corp’s dual-class capital structure so that each outstanding share of the company’s common stock is equivalent to one vote.

Starboard proposes eliminating dual-class structure at News Corp to promote shareholder value and governance, citing risks posed by current setup.

Starboard Value LP is pushing News Corp. to eliminate its dual-class share structure and is prepared to take further action against the media company if it refuses to engage.

Hedge fund Starboard Value confirmed on Monday it had filed a shareholder resolution to eliminate the dual-class share structure that allows Rupert Murdoch to control News Corp , the publisher of the Wall Street Journal.

The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.