This. The entire article flies in the face of human logic, which is that board members are never going to “voluntarily” give up board positions unless there is a stick or a carrot for them to do so. You’re fighting human selfishness, and a job where you can be payed well while not needing to “carry your weight” is actually an ideal ratio of lots of reward for no work.

There needs to be clear transparency into who’s actually productive and useful on boards, and a structural incentive for shifting board composition. Its the same problem with asking bankers to voluntarily report white crime, unless there’s a substantial carrot, or a vicious stick, they’ll never do it because the internal cost-benefit judgement doesn’t support it.

Corporate governance in the USA is about as well structured as the sub-prime mortgage market. They are both disasters. Self-governance has been a national disaster.