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How Supermicro Built a Board That Couldn't Stop the Fraud
Episode 12 of Boardroom Conversations examines the Supermicro board's failure to prevent a decade of accounting fraud that culminated in a $7.5 million SEC fine and a five-year delisting. Lucas and Luna walk through the specific governance failures: a CEO who also chaired the board, an audit committee that signed off on fabricated revenue, and directors who lacked semiconductor industry expertise. They contrast Supermicro's structure with the board reforms at IBM in the 1990s and discuss why concentrated power so often leads to oversight breakdowns. This episode gives listeners a…
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