"My only point is do we continue to allow these people to make mistakes with our money."

The BoD reviews proposals from the CEO. They do not draft them themselves. They may question them. But their role is to approve or reject.

So the "mistake" would be approving a proposed action presented by the CEO.

I posted at length about this. Wolf has posted a good article about this. The source is the CEO. He's gone.

SGE