I'm not sure if this is the true statement, because the not-for-profit/profit arms make it more complex.
In this case, the non-for-profit board seems to act as a kind of governance over the profit arm, in a way, it's there to be a roadblock to the profit arm.
Normally a board aligns with the incentives: to maximize profit for shareholders.
Here the board has the opposite incentive, to maximize AGI safety and achievement, even at the detriment of profit and investors.