A few issues: 1. A decision isn't automatically more principled because it is made by a committee/consensus. Often the opposite is the case. 2. The purpose of t

A few issues: 1. A decision isn't automatically more principled because it is made by a committee/consensus. Often the opposite is the case. 2. The purpose of the firm is to make money/value for shareholders, not principled decisions. If making principled decisions gets in the way of the goal, principled decisions are what should slip. 3. At least in the US, companies are generally not organized as democracies, so even if executives sometimes choose to delegate their authority to committees, that arrangement is always subject to revocation in extraordinary times.