The board of embattled publishing empire News Corp declared "full confidence" Wednesday in chairman Rupert Murdoch a day after British lawmakers branded him unfit to lead a major global company.

"The board based its vote of confidence on Rupert Murdoch's vision and leadership in building News Corporation, his ongoing performance as chairman and CEO, and his demonstrated resolve to address the mistakes of the company identified in the Select Committee's report," it said in a statement.

In London on Tuesday the culture committee of the British parliament issued a report on the hacking scandal at key News Corp newspaper properties that charged the company with misleading lawmakers and said Murdoch and his son James should take responsibility.

The long-awaited report was the result of hearings that started shortly after the News of the World, Britain's biggest selling and most controversial newspaper, shut last July amid public outrage over the hacking of phones of public figures.

"Rupert Murdoch is not a fit person to exercise the stewardship of a major international company," concluded the 121-page report.

It said the firm exhibited willful blindness, and that Rupert and James Murdoch "should ultimately be prepared to take responsibility."

[News Corp chairman Rupert Murdoch, pictured in 2011 via AFP]