But the board is just an elected representative of the shareholders. They don't necessarily own anything and they don't have day-to-day insights over the compan

But the board is just an elected representative of the shareholders. They don't necessarily own anything and they don't have day-to-day insights over the company, which is where the details of crimes lurk. They might not even have any direct financial interest in the company, and instead they're employed by an institution to represent their interests.