Paramount shareholders elect all directors as Skydance merger awaits approval
Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election, including the media company's chair Shari Redstone, citing "a problematic capital structure." The recommendation was symbolic, because the Redstone family controls 77% of the voting shares of Paramount through a holding company, National Amusements, according to LSEG data.
Why it matters: Influential proxy adviser Institutional Shareholder Services advised clients to vote against the four directors standing for re-election, including the media company's chair Shari Redstone, citing "a problematic capital structure." The recommendation was symbolic, because the Redstone family controls 77% of the voting shares of Paramount through a holding company, National Amusements, according to LSEG data.