Newsletter

Fate of CBS CEO Wrapped Up in #MeToo While Majority Shareholder Pushes Merger

By April Hall

CBS CEO Les Moonves will stay in his position during an independent investigation into sexual misconduct allegations.

Moonves, a longtime executive at the network, was accused in a  New Yorker article of sexual misconduct. Writer and actress Illeana Douglas accused Moonves of forcibly kissing and touching her, then intimidating her into remaining silent about the alleged assault. About 30 employees told  New Yorker reporter Ronan Farrow about similar incidents that allegedly occurred in the 1990s and 2000s.

Moonves released a statement saying he tried to kiss Douglas but didn’t remember the incident the way she recounted it. He also admitted in a statement that he may have made women uncomfortable with his advances, but “I always understood and respected — and abided by the principle — that 'no' means 'no,' and I have never misused my position to harm or hinder anyone's career.”

After a three-hour meeting, the CBS board said it would start its own investigation into the allegations and Moonves’ position is safe for now.

The Board Needs to Do More With Cybersecurity

PwC’s Global State of Information Security Survey offers insights on revitalizing privacy and trust in the data-driven world, including next steps for global business leaders. These findings assess the role of the board in implementing solid cybersecurity policies.

Three CIO Communication Mistakes

By Betsy Atkins and Terence Stacey

The dialogue between corporate chief information officers and the boards of directors can be both enlightening and frustrating — often at the same time. The two of us have seen many boardroom discussions from both sides of the table and while the results can be positive and supportive, too often the discourse breaks down over the incompatible languages of technology and governance.

Adding to this problem, corporate board members typically ask their CIOs the wrong questions. This leads to wrong answers, wrong assumptions and — most likely — wrong actions. Here are the top three mistakes board members make when it comes to communicating with CIOs — and how they can do it right.

Duke Energy President Joins 1st Source Board

Melody Birmingham-Byrd is president of Indiana's largest electric utility, Duke Energy Indiana. Previously, she was SVP of the company's Midwest delivery operations, and prior to the merger between Duke Energy and Progress Energy in 2012, she was VP of the Southern Region for Progress Energy Carolinas. She currently serves on the boards of the Indiana Electric Association, the Indiana Chamber of Commerce, Special Olympics Indiana, and the American Association of Blacks in Energy. She was added to the board of 1st Source Corporation, a bank holding company. Revenues are $275 million.