This is all imo, but in a company you have three interests that are important: - The company - The employees - The shareholders We currently only recognize

This is all imo, but in a company you have three interests that are important: - The company - The employees - The shareholders We currently only recognize two of those things. The board has duties to care, obedience, and loyalty which somewhat represents the interests of share holders but also somewhat represents the interests of the business, which also somewhat represents their own interests. The CEO has self-interest in the form of performance compensation, preservation of the business, and obedience is highly debatable as CEOs are very rarely held to any degree of accountability. Instead the company absorbs the bad actions of the CEO while the CEO inherits all of the reward. That's a long way of saying, we should restructure the interest groups that have an equal say in running a modern publicly held business. A caveat being that none of those bodies should be a single person or have beyond two overlapping interests.