Here is a view you won’t hear from many practicing corporate lawyers, as they are always on the prowl for their next client: Our corporate-governance system is in serious need of reform. Directors need to be held more accountable when they fail to set the proper tone at the top, and right now there is almost no consequence for most governance failures. There may be no better argument for re-examining the system than the problems at CBS Corp.Set aside for the moment the unacceptable harassment that three of CBS’s most prominent...

Source: Wall Street Journal September 16, 2018 15:00 UTC