"The frustrations in the approval process with the board were real and were raised by Dubas throughout the season. I have been told by several sources that the fact that there was a process wasn't the problem, but rather the timing was what frustrated Dubas.
An example given was that Dubas would work on something and would get it to a point where he would need approval. He would then need to get Shanahan up to speed so he could obtain approval from the board (and to be clear, we are talking about significant moves only), and that approval would take up to 3 days to come back.
During that time, as you can imagine, the opportunity may well have passed. Dubas wanted to pursue big-name, high-end defensemen, and I am told that this process specifically prevented him from doing so."