It seems there are other ways of removing him after reading more information. One item that looks like a clear winner is something called an amotion as pointed out on another site.

Amotion - Removal; ousting; especially, the removal of a corporate officer from his office. He could be removed because he is unfit it seems.

So board members.... you tired of looking like fools and want to do something about it? Yea... I thought so....