[codegrunt]

You're absolutely right: the board is definitely micromanaging the CEO. But what can I do about it? I'm just a software engineer.

[jacquesm]

Maybe have her read a book or so on what it means to be a CEO?

Keep in mind that if things go pear shaped it is her head on the block, not the board, and she should act accordingly.

[mpbm]

Not having the official delegated authority to do something and not having any options are different. Step up and let it be known that you want to help.

[angersock]

She's your CEO. Do what she says.

If you have less than a point or two of equity, it ain't your problem.

Oh, and maybe keep an eye out for new jobs.