I have to disagree from a systematic standpoint. I have been one of the harshest critics since the first debacle a few years ago. But organizations can always survive. It is not the initial act that causes it to fail, it is any type of cover up or continuation of the fault. This has brought down companies and presidents. If the NACD had followed through on its promises to completely revamp itself, it would not be facing this situation again.
Now it has another chance. If the entire BOD offered to resign, there would be fresh blood ready to take its place. If the bylaws were completely rewritten in a way that makes sense and aims the organization toward serving the interests of its members instead of only its instructors and officers, then people might be willing to join. Technically, the organization is salvageable. But from a practical standpoint, I haven't seen much to indicate the current leadership putting the survival of the organization above their personal selfish needs.
While I agree in spirit, I believe the By-Laws MUST be re-written first. When the foundation is poor, it does not matter the materials that go into the building.