June 24 (Reuters) - Proxy adviser Institutional

Shareholder Services said on Tuesday Paramount Global

shareholders should vote against the re-election of four

directors to the board, including the media company's chair

Shari Redstone.

A vote against their re-election is warranted as the

directors maintained a "problematic capital structure", ISS said

in a report dated June 23, recommending votes against Redstone

and governance committee members Barbara Byrne, Linda Griego and

Susan Schuman.

ISS also cited concerns with Paramount's executive pay plans

including what it called a "relatively large influence" of

individual performance on annual bonus payouts for recommending

votes against three of the directors, who serve on the company's

compensation committee.

Paramount is seeking to close its $8.4 billion merger with

Skydance Media, which is pending regulatory approval. The

company earlier this month nominated three new directors to its

board, and ISS has recommended a vote for the nominees.

Paramount is scheduled to hold its annual stockholder

meeting on July 2.