Are failed boards structured significantly differently? Board structures are more or less the same in any regulatory environment – the mechanism of governance that relates to gender diversity, board size, independence, board meetings, CEO duality, director compensation and ownership are similar for most companies. Failed boards might not be as different as one might imagine.

Conflicts of interest abound at the board level. They constitute a significant issue in that they affect ethics by distorting decision making and generating consequences that can undermine the credibility of boards, organisations or even entire economic systems.