News Corp. should split the roles of chairman and chief executive officer now held by Rupert Murdoch and make other changes, according to The Interfaith Center on Corporate Responsibility, which represents about 300 money managers with assets of more than $100 billion.

The ICCR is crafting the statement for change at News Corp., facing fallout from alleged phone-hacking at one of its London newspapers, and plans to release it later, according to spokeswoman Susana McDermott.

The group will push for steps for chairman and CEO positions to be held by two different people. The statement will call for other changes to New York-based News Corp., McDermott said. The ICCR includes religious organizations and funds whose goal is to integrate “social values into investor actions,” according to its website.