I agree but this is an ideal notion. Boards are very often stacked or highly disfunctional either on purpose or by accident. Sometimes the board is just a front

I agree but this is an ideal notion. Boards are very often stacked or highly disfunctional either on purpose or by accident. Sometimes the board is just a front for a founder that wittingly or unwittingly serves to help dupe investors or other stakeholders. The government doesn't hold boards to any standard. It's a free-for-all. Sometimes they are owners, other times they are the ones being duped into rubber stamping and legitimizing criminals.