One of the (few) positive achievements of America’s Dodd-Frank legislation, enacted to address the causes of the financial crisis of 2008, is – or should have been – the requirement that the US Securities and Exchange Commission repeal the current rules that prevent institutional investors from appointing their own representatives to corporate boards. In fact, the requirement was very timid, posing so many restrictions in terms of quantity and length of ownership as to leave the bar to institutional investors effectively in place.