In any event, Apple is taking some action in the boardroom. Earlier this week, the company appointed longtime director Arthur Levinson as chairman of the board, taking the last position Steve Jobs held. The Genentech chairman and former CEO is already deeply enmeshed in Apple's affairs, having been co-lead director since 2005.
Moreover, Walt Disney
In all, the moves serve to replace Jobs' job function and also fill his vacant board seat with an already-familiar face. It's hardly a huge shakeup -- more like reaffirming and cementing the structure that was already in place.
Nell Minow, the "CEO killer" of The Corporate Library, is not a big fan of Apple's signing bonuses and would probably like to see Jung's compensation committee getting a makeover. In her book Corporate Governance, Minow also sneers at the composition of your average board today: "the CEO, ten of his white, male, corporate friends, and one member who is some combination of female/minority/academic/former government official."
Apple's board is a bit smaller than that, with only eight members -- much like technology peers Google
So don't expect these moves to alter Apple's strategic direction or corporate governance dramatically. If you liked how Apple's board performed before, you'll probably still like it today -- and if you didn't, you still won't. Any actual changes such as the reinstated charity gift-matching policy will reflect more on Jobs' absence than on any new additions in the boardroom.
If you love Apple's success but don't want to buy into the company itself, you might prefer riding on its mighty long coattails. In a brand-new special report, our top analysts present not one but three hidden winners of the iPad and iPhone. The Fool has already invested real money in all three. The report is yours for the asking, 100% free and no strings attached. Grab your copy today.
Fool contributor Anders Bylund owns shares of Google but holds no other position in any of the companies mentioned. The Motley Fool owns shares of Google, Microsoft, Apple, and IBM. Motley Fool newsletter services have recommended buying shares of Microsoft, Apple, Google, and Disney. We have also recommended creating bull call spread positions in Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.