The Board of Directors is the most powerful group of people in a corporation. They have the power to hire and fire executives (including the CEO). They set the

The Board of Directors is the most powerful group of people in a corporation. They have the power to hire and fire executives (including the CEO). They set the top-level direction of the company. If the Board isn't entrusted to address systemic faults, then I can't think of a more appropriate place within the company. That said, FB is an anomaly -- Mark Zuckerberg has special voting rights that prevent the Board from overruling him on any question. So for that company, it really doesn't matter who's on the Board; Zuck can do whatever he pleases.