It's about lying. The proper procedure is to disclose consenting relationships with a subordinate so that HR and the board is aware of conflicts of interest
If an exec is lying about this, what else might they be lying about? Embezzlement? Corruption?
You’re right, because failing to disclose who you’re fucking is definitely at the same intellectual and moral level as embezzlement and corruption.
This batshit insane decision by the board is a timely reminder that prudes inexplicably truly do continue to thrive among us.
Nobody on the planet is better off with this guy resigning.