[late2part]

I think you are confusing the documented policies with how the world actually works.

[allen3]

I think you don't understand corporate governance, because you seem naive of what the board is actually responsible for.

[late2part]

Perhaps I am. But I have observed that some people will tend to do more than that for which they are responsible.

[allen3]

I'm talking about public companies that are listed on the exchange, private companies don't have a federal mandate to follow when it comes to governance.