Yes it's all about jobs for boys from the golf course. My company has just been bought out , rescuing us from a board full of this type of cretin.Usually guys who are retired with a rich and successful history in the industry... however, there is plenty of cronyism nowadays. I was helping an investor recently for idol structure once acquisition was completed and completed ignore my recommendation and went with his own choices for CEO and two non-exec roles to lead on three committees.
)