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WMG Investors Urged to Vote Against Election of Key Board Members at Annual Meeting
Shareholder groups advised Warner Music investors to vote against the election of certain board members, including Val Blavatnik and Lincoln Benet.
Nonetheless, ISS and Glass Lewis’s concerns put a spotlight on the corporate governance requirements WMG can skirt by being a controlled public company. Val holds the title of senior director, business development of Warner Chappell Music, and he was elected to WMG’s board in April 2023. For Val Blavatnik, Benet and Wagner, it raises similar concerns to Glass Lewis about their seats on certain board committees as non-independent members.
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