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Paramount Global Board Faces Shareholder Rebellion Amid Governance Concerns
Paramount Global Board Faces Shareholder Rebellion Amid Governance Concerns
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BTCCSquare news:
Paramount Global's leadership crisis deepens as influential proxy advisor ISS recommends against reelection of four directors, including controlling shareholder Shari Redstone. The advisory firm cites mismanagement of capital allocation and executive compensation as key grievances ahead of the June 2 annual meeting.
The clash highlights fundamental disagreements over corporate governance, with ISS criticizing Paramount's multi-class share structure that concentrates voting power. Redstone maintains effective control through National Amusements' special class shares, rendering the challenge largely symbolic despite institutional opposition.
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