News Corp to Hold Crisis Conference in LA

News Corp’s board of directors is meeting in Los Angeles tomorrow to hold a crisis conference–its first since the News of the World scandal broke and the company finds itself potentially facing a slew of criminal charges.

The Daily Beast’s Nick Summers lays out the stakes:

The boards of most publicly traded companies are elected by shareholders and represent their interests, hiring and firing CEOs and charting strategy; independent directors are brought in from the outside to add perspective and accountability.