Why board reform is required

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This New York Times story outlines why board reform is desperately needed. The story’s header ‘Disaster for CBS Shareholders’ misses the even more critical impact, which is the failure of boards to address predators and other ethical breaches. This a disaster for employees. In most of the scandals that have hit the press, boards have claimed they were not aware, which were in most cases admissions of negligence or complicity.