The settlement had two parts.

The company adopted a set of governance changes — an independent board committee with its own counsel, a written policy on executive health disclosure, and a requirement that the general counsel report to the audit committee on certain matters rather than to the chief executive.

And the directors’ insurers paid a sum to the company, which is how these settlements always work, and the lawyers were paid out of it, and no director paid a dollar personally and none of them admitted anything.

That is not a scandal.