At a critical time for the company, Overall Said that he will add three new independent directors to his board of directors, asking the shareholders to support the candidates at his next annual assembly.
In his proxy file, deposited on Monday, Paramount said that lawyer Mary Boies, former judge Roanne Sragow Licht and the venture capital Charles Ryan were appointed to join his board of directors. The trio was appointed by the governance committee of the board of directors, after being presented to the board of directors by “a management director and shareholder of the company”.
The board of directors of Paramount is light in the past year after four members of the board of directors chose to resign During the annual meeting of last year and with Charles Phillips outgoing at the end of last year. This year’s annual meeting gives the company a chance to refresh the board of directors, which allows it to continue business as usual.
Of course, the appointments come when the company goes through a number of things that are anything but business as usual. Paramount agreed to sell in Skydance last year, but this agreement is still under examination by the Federal Communications Commission. At the same time, President Donald Trump has active legal action against society about an interview that CBS ‘ 60 minutes Directed with vice-president Kamala Harris. The two parties are currently in mediation talks to try to resolve the costume.
Paramount would have offered $ 15 million to resolve the prosecution. The FCC also examines the interview via its “distortion of news”.
The president of Paramount Shari Redstone and the three CO-PDGs of the company Chris McCarthy, Brian Robbins and George Cheeks referred to the questions of their annual letter to the shareholders, which was also published on Monday.
“In the context of a dynamic and complicated period in the macroeconomic environment and our industry, we are proud that 2024 turned out to be a transformative year for paramount,” they wrote, touting better profitability in streaming, the success of ratings at CBS and the development of new franchises. “While the FCC continues its examination of the Skydance transactions, we remain focused on the supply of successful success, to support our creative culture and to lead the value of shareholders.”
The new members of the board of directors are important because if the Skydance agreement does not adopt, they will have to help the company trace a new course. And the board of directors will probably have to sign a final regulation in the trial.
