Company: IHETW
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001400891-25-000022
Chunk: 19

Company: iHeartMedia, Inc.
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 19
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 the Lead Independent Director, leadership in focusing its discussions, review and oversight of the Company’s strategy, business, and operating and financial performance;

• A single Chairman and Chief Executive Officer provides strong and consistent leadership for our Company;

• A combined role ensures that the Company presents its message and strategy to stakeholders with a unified voice;

• The structure allows for efficient decision-making and focused accountability;

• Oversight of our Company is the responsibility of our Board as a whole, and this responsibility can be properly discharged without an independent Chairman; and

• Our strong Lead Independent Director provides similar benefits to those associated with an independent Chairman.

The Board continues to believe that it is in the best interest of the Company and its stockholders for Mr. Pittman to serve as Chairman and Chief Executive Officer, considering the strong and well-defined role of our Lead Independent Director and other corporate governance practices that provide independent oversight of management.

Our Governance Guidelines provide that, if our Chairman of the Board is not an independent director, the independent directors will select an independent director to act as Lead Independent Director. Since 2019, James A Rasulo has served as our Lead Independent Director. The Lead Independent Director’s responsibilities include:

• presiding at all meetings of the Board at which the Chairman is not present, including executive sessions of the independent directors and of non-management directors;

• having discretion to call meetings of the independent directors;

• facilitating discussion and open dialogue among the independent directors during Board meetings, executive sessions and outside of Board meetings;

• serving as the principal liaison between the independent directors and the Chairman, without inhibiting direct communication between them;

• communicating, as appropriate in his or her judgment, to the Chairman and management any decisions reached, suggestions, views or concerns expressed by independent directors in executive sessions or outside of Board meetings;

• providing the Chairman with feedback and counsel concerning the Chairman’s interactions with the Board;

• working with the Chairman to develop and approve Board meeting agendas and meeting schedules, including to ensure that there is sufficient time for discussion of all agenda items;

• working with the Chairman on the appropriateness (including quality and quantity) and timeliness of the information provided to the Board;

• authorizing the retention of advisors and consultants who, when appropriate, report directly to the Board;

• in consultation with the Nominating and Corporate Governance Committee, reviewing and reporting on the results of the Board and committee performance evaluations;

• periodically meeting on an individual basis with independent directors to discuss Board and committee performance, effectiveness and composition;

• leading the independent directors’ evaluation of