This should be done every quarter in their 10-Q fillings, so the shareholders know what's been accomplished, and what needs to be done to make PTSC a successful company.
As my original response was deleted (reason unknown, once more into the black hole of hub "leader" review I guess), I'll just say that there is very little the BoD has control over as we wait for the PTO and courts to decide the fate of PTSC. Anything they would state as justification for their salaries would be fluff at best. An account and a law firm could run this on autopilot better than the bumbling BoD and would probably cost less.
I would much rather they save some trees and not try to come up with a BS explanation. It's insulting and unnecessary. They don't have to justify their positions and will not step down so why waste everyone's time?