CBS’ board of directors has hired two external law firms to conduct an investigation into the allegations made against CBS CEO and chairman Leslie Moonves, and the company’s corporate culture.
Covington & Burling and Debevoise & Plimpton will lead the full investigations. At Covington & Burling, the investigation will be led by Nancy Kestenbaum, and at Debevoise & Plimpton, it will be led by Mary Jo White.
To help with the investigation, a special committee of board members has been formed with Bruce S. Gordon, Linda Griego and Robert N. Klieger.
“Moonves will have no role in the investigation and is entirely recused from it,” the board said in a release. “The board … takes these allegations seriously and is committed to acting in the best interest of the Company and all of its shareholders, and is confident that the employees of CBS will continue to perform at a high level as this process unfolds.”
In addition, the board has appointed Bruce S. Gordon to serve as lead independent director of its board of directors.
The board announced Monday (July 31) that they would be seeking outside counsel to conduct an independent investigation regarding sexual misconduct claims made against Moonves.
Word of the alleged misconduct by the CEO came through a New Yorker feature from Pulitzer Prize-winning journalist Ronan Farrow, published on July 27. The piece stated that the media mogul allegedly sexually harassed six women, physically intimidated two of them and threatened their career prospects with the network.
Moonves will remain in his role as CEO at CBS while the independent investigation is underway.