Instead the group, chaired by Jacques Delors, then president of the European Commission, the EU's executive branch, gave it qualified approval.

ECONOMIST: Holding together

What's more, workers can invest in collective trusts only in ERISA-qualified plans, according to Ms. Nordquist. (ERISA stands for Employee Retirement Income Security Act.) That means CITs aren't available to retail individual retirement accounts, 403(b)s, government-sponsored 457(f) plans or any executive deferred-compensation non-qualified plan.

WSJ: Why 'Collective Trusts' Are Worth Considering

As men still make up 92% of the highest paid positions within major corporations, we encourage companies to also look to non-traditional arenas where qualified female candidates are more likely to be found such as executive positions beyond the C-suite, as well as in government, academia, and non-profit organizations.

FORBES: Are There Really Boards With No Women?

The company also disclosed that Executive Chairman Ray Lane will get 1 million non-qualified options.

FORBES: Connect

For decades, Mr. Murdoch has held the dual roles of Chairman and CEO, stifled internal dissent, and shown no qualms about appointing his children to senior executive positions, rather than looking out to a field of better qualified external candidates.

FORBES: Recent Scandals at News Corp Are Evidence of Deeper Flaws in Murdoch's Management Style