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We should expect personal integrity from board members and investors as well. This is a social problem, and a very old one. The solutions that worked best (religion/morality codes or laws) are not popular today.
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When have religion and "morality codes" meaningfully constrained elites? I can't think of an elite caste anywhere in history that is really even close to what a rational observer would call "moral". Yes, certain things are verboten in a given moral code (usury, for example), but elites either outsource it (e.g. to a "court Jew") or just do other evil stuff that isn't addressed in the code (and won't be, since they are the elites and therefore control things like that).
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