In a crucial juncture for the company, Paramount Global has announced plans to appoint three fresh, independent directors to its board. The shareholders are encouraged to back these nominees during the forthcoming annual meeting.
On Monday, Paramount announced in a proxy filing that attorney Mary Boies, former judge Roanne Sragow Licht, and venture capitalist Charles Ryan have been proposed for membership on its board. This proposal came from the governance committee within the board itself, following their introduction to the board by one of its non-management directors who is also a shareholder in the company.
Over the past year, Paramount’s board has been somewhat depleted following the resignations of four members at last year’s annual meeting and Charles Phillips leaving towards the end of 2020. This upcoming annual meeting offers an opportunity for the company to introduce new faces to the board, enabling it to continue its operations smoothly.
Indeed, the nominations occur during a series of events that deviate significantly from typical business operations. Last year, Paramount agreed to be acquired by Skydance, but this deal is yet to receive approval from the Federal Communications Commission. Concurrently, CBS’ 60 Minutes interview with Vice President Kamala Harris has resulted in an ongoing lawsuit by President Trump. Both parties are currently engaged in mediation discussions to try and settle the dispute.
It’s stated that Paramount has proposed a settlement of $15 million to address the lawsuit, while the FCC is examining the interview under their authority regarding “news manipulation.
In their annual shareholder letter, which came out on Monday as well, Paramount chair Shari Redstone, along with the company’s three co-CEOs Chris McCarthy, Brian Robbins, and George Cheeks, pointed out some challenges they are facing.
2024 was a game-changing year for me in this ever-shifting landscape of economy and gaming industry. I’m thrilled to say that we saw significant advancements at Paramount. Our streaming profits took a leap forward, our content on CBS garnered impressive ratings, and we started developing new, exciting franchises.
As the FCC scrutinizes Skydance transactions, I’m keeping my eyes on the prize – delivering top-notch performances, nurturing our creative spirit, and generating returns for our shareholders. It’s game on!
The newly appointed board members are crucial as they’d be tasked with steering the company towards a different direction if the Skydance deal fails to progress. Additionally, it’s probable that the board would have to endorse any resolution in the ongoing lawsuit.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Fortress Saga tier list – Ranking every hero
- Mini Heroes Magic Throne tier list
- Castle Duels tier list – Best Legendary and Epic cards
- Grimguard Tactics tier list – Ranking the main classes
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Seven Deadly Sins Idle tier list and a reroll guide
- Overwatch Stadium Tier List: All Heroes Ranked
- Cookie Run Kingdom Town Square Vault password
2025-06-03 00:24