Based on this announcement below, I have to conclude that the management of Twitter made it clear that Elon Musk would have to treat an appointment to the board of directors seriously:
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
If you read between the lines, it appears that they explained to Mr. Musk that were on the board, and were he to ignore his responsibilities as a board member, they would be on the phone to the SEC before he had made it to the parking lot.
They do not want to deal with Elon doing Elon sh%$, and Elon does not want that sort of scrutiny, so he's just a major shareholder.
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