[ceejayoz]

Take a look at the bios on https://ir.homedepot.com/corporate-governance/board-of-direc... for an example. They're all C-suite folks from other large corporations; Marriott, United Technologies, American Airlines, etc.

[andsoitis]

What makes it "incestuous"?

[ceejayoz]

A bunch of CEOs sitting on each others' boards have little reason to constrain the growth of CEO compensation, and every reason to give each other golden parachutes.

[andsoitis]

How do you then explain cases where shareholders do not approve executive compensation? For instance: https://time.com/6184355/ceo-pay-investors-workers/

[ceejayoz]

Given the title of "Investors Are Finally Pushing Back", the explanation is presumably "people are getting fed up with boards doing this".