The organisation behind the Academy Awards will meet later this week to discuss the slap unleashed by Best Actor-winner Will Smith on comedian Chris Rock on Monday. Yesterday, the Board of Governors – which includes some Hollywood bigwigs – said it has “officially started a formal review around the incident and will explore further action and consequences in accordance with our Bylaws, Standards of Conduct and California law.” Industry insiders say there will likely be some punishment for Smith like a temporary loss of his membership to the Academy (note: you need to be a member to win an award), but he will likely get to keep his Oscar. Smith yesterday took to Instagram to apologise again, this time including Rock. “I am a work in progress,” he said. The incident is thought to be behind a recovery in viewership of the ceremony. Someone who’s going to need a bit more recovery time – Will Smith, the state senator from Maryland…