Someone better read can probably find more succinct language,
There's a whole class of people who basically move between boards with very little talent, ability or actual experience in the industry.
NHS, media, universities, politics, people like Rishi Sunak or Ruth Hunt. When Sunak goes there'll be a nice vanity role for him somewhere.
Once they're in, all the contracts for "funds" paid for by the taxpayer start going to them and their partners and families, and even if they completely lack business acumen or the business shouldn't be expanding, they try to squeeze free labour and money out of the people at the bottom to make up for it.
Smoke and mirrors and giving each other bonuses, until its time to go to another board.
(See the financial mismanagement situation with universities).
A hardworking and sincere surgeon or academic would never get to a board if their face didn't fit.
Private Eye is good for this kind of thing, thinking of getting in a subscription.
I imagine it's always gone on -human nature is human nature - but the scale over the last few years has been extreme.