Company directors are often useless parasites who do what they...

Company directors are often useless parasites who do what they can to protect, or raise, their director fees rather than act in the interest of shareholders. If it was a condition of employment for directors to have 100% of their net worth in the company they "serve" you'd see what real corporate governance looks like. Unfortunately being a director is a job for many, and a job they don't want to lose by rocking the boat in the interest of shareholders .