I don’t think that’s true. If a board member tries to change the rules after violating them, shareholders can use the courts to force a board takeover vote. If

I don’t think that’s true. If a board member tries to change the rules after violating them, shareholders can use the courts to force a board takeover vote. If the shareholders are ok with the retroactive change then it’s not really board power at play it’s owner power. If your point is that the owners are ultimately in control then, not to be rude but, duh.