You are a member of the board of directors of Vanguard. John Bogle is approaching the retirement…

You are a member of the board of directors of Vanguard. John Bogle is approaching the retirement age as set forth in the company policies. However, he wants to continue as chairman of the board, even though he is willing to let Brennan assume active management. Debate the issue of whether to force Bogle to step down or bow to his wishes.