I'm pretty sure the Consent Decree was signed by the university President, not the board.
I've said it before, and I'll say it again here. Personally, I don't believe the biggest issue is the structure of the board. The biggest issue is specific people on the board.
The execs and their allies have the votes to do whatever they want. So, unless you expect the state to step in and change the board to be a majority of alumni trustees - which will never happen - all this speak about restructuring the board is mere posturing, pandering and politics.
The real issue on the board is that a handful of trustees make major, secret decisions without even consulting the board. It's dangerous and defeats the purpose of having a board with a diverse background to provide input. And why? They have the votes to get what they want anyhow. Those secretive, destructive board members need to be removed and even if they are replaced with ones with the same voting positions, they instead need to be people who work with the board, not against it.