Old Akro needs to add the word “general” in front of the word “aviation “.
I’m not sure that the Board has the knowledge to ask the penetrating questions of the CEO that are required, but I don’t know. After all, their jobs are (1) To ensure laws are followed (2) Protect the shareholders assets. (3) Ensure a sound business plan is created and implemented by the CEO. 1. and 2. should be OK, it’s (3.) that is perhaps problematic.
What that comes down to is hiring and firing the CEO.
From my limited point of view YMIA doesn’t seem GA friendly.