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Shari Redstone Should Be Blocked From Paramount Board, Influential Proxy Firm ISS Says
The election of Shari Redstone and three other directors to Paramount Global's board of directors should be blocked by shareholders, proxy firm ISS says.
She is up for re-election to the board at the company’s July 2 annual shareholder meeting, standing with the newly nominated trio of attorney Mary Boies, ex-judge Roanne Sragow Licht and venture capitalist Charles Ryan. Paramount shareholders are not required to approve the Skydance deal given Redstone’s control of the company, but they do get a chance to evaluate all board members and determine whether they gain additional one-year terms. If a large settlement is also extracted, a number of elected officials, shareholders and watchdog groups have vowed to pursue bribery charges or file lawsuits on that basis.
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