Viacom, Inc.: Corporate Governance In A Controlled Company Case Study Help Analysis With Solution Online

Viacom, Inc.: Corporate Governance In A Controlled Company Case Study Help Analysis With Solution Online

 
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Viacom, Inc., a New York City-based media company, owned Paramount Pictures and popular television channels such as MTV, Comedy Central, and Nickelodeon. Viacom was controlled by Sumner Redstone and run by his hand-picked second in command. In 2016, the 92-year-old Redstone, facing a claim of mental incompetency because of his advanced age, stepped down from his role as executive chair of the board. This led to several issues regarding corporate governance at the company. Viacom’s board of directors faced a lawsuit from a shareholder claiming that a mentally incompetent Redstone was playing a role on the board; an activist investor accused the company of a lack of governance and poor leadership. The newly elected lead independent director needed to address the board of directors’ role in this embattled company. Ram Subramanian is affiliated with Stetson University.
 

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CASE ID : HB CASE 472
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