Sarbox (Sarbanes-Oxley) dictates that I not chair any committee due to the size of my holdings, not be on the compensation committee because of the loan I once made to the company, not be on the governance committee. It even dictates that some other board member must carry out the perfunctory duties of the chairman. What's left is liability and constraints on stock transactions, neither of which excite me. Jim Clark, the maverick entrepreneur and investor behind Silicon Graphics, Netscape and Healtheon, resigned from his position as Chairman, at Shutterfly, the photo printing service he's funded patiently since the late 1990s. He blamed the stockmarket regulations put in place after the last crash.