I think a reasonable translation of this is something like: "He didn't do anything actually illegal, or outside of the realm of what he was empowered to do as C

I think a reasonable translation of this is something like: "He didn't do anything actually illegal, or outside of the realm of what he was empowered to do as CEO, but he was doing things we didn't like," and then either didn't tell the board about those things, or told them in a way that was framed to make them less controversial. So yeah, to me, really backs up the narrative that the board and sama were in disagreement about some key things.