NABET-CWA Members Take Demands Directly to Nexstar Shareholders

On Monday, NABET-CWA members launched a shareholder campaign to bring independent leadership to Nexstar Media Group’s Board of Directors, currently chaired by CEO Perry Sook. Members are calling for the board to appoint an independent director without a history on the board as an executive officer. NABET-CWA, which represents workers at several Nexstar-owned television stations, is a long-term stakeholder in the company and seeks to improve governance so local TV stations can survive and thrive in the future.

“Nexstar’s board lacks independent leadership from Chair and CEO Perry Sook, contributing to a record of governance problems that are harmful to shareholders,” wrote NABET-CWA President Charlie Braico in a statement. “Despite strong shareholder support for an independent board chair, the company has delayed implementation of this policy as a condition of its employment agreement with Sook, and the board has not even appointed a lead independent director.”

Click here to read more about NABET-CWA’s proposals to the Nexstar shareholders.

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This post originally appeared on cwa-union.org.