That's Not Market blog says:
AN INTERESTING PROPOSAL BY A COUPLE OF CORPORATE LAW PROFESSORS MAY CAUSE YOU TO RETHINK HOW COMPANIES POPULATE THEIR BOARDS.
Law professors M. Todd Henderson (U. Chicago) and Stephen M. Bainbridge (UCLA) have proposed a novel way to expand further the universe of corporate service providers by allowing the outsourcing of board functions.
The profs note that critics complain that the array of tasks for a board to deal with are too vast for a board to perform effectively. They also note that “boards fail to police managers adequately or make good decisions” and that they are generalists without the breadth of experts the company may need.
So. Any rich venture capitalists want to hire Todd and myself to launch this project?