@LouisIngenthron no you cant remove board members simply for under reporting. Removasl of a board member requires both the approval of the board and its share holders and is a very difficult process. To even propose it you must be "person of interest" meaning you must hold considerable shares to even propose it. People with significant shares are in it for the long term as you cant dump your shares without causing your share price to fall and get far less than market value. So generally they wont be able to have the support to be impeached over short term profits since all the people who have that power are locked in to the longer term profits.