Not much point discussing this yet as it's just abstract discussion without the models being presented.
Elections to the board would make the idea that cranks would get roles laughable. There are far more meritocratic systems available than the one that delivered Michael McRitchie Anthony and David Cardoza to positions of destructive and supreme influence.
Don’t you believe it, people said that about Donald Trump. I’ve personally met people that sit on boards who shouldn’t be trusted with a box of matches.