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The issue is not trump it is about taking responsibility, if it is not money it has to be something else maybe time in prison? review board, like juries are just to diffuse the responsibility. If there is a review board involved then the every member of review board need to be held accountable with appropriate punishment if he reoffend for similar crime within a certain period of time.
President needs to take responsibility for clemency and be held responsible by law. How he goes about deciding on who to give clemency is up to him, he can use a review board or science or Ouija board but he needs to take the final responsibility and be answerable to future victims, at least for a certain period of time after release.
Basically he needs to stand under the bridge he design and built with cars passing over the bridge.
Ok, fine, but is making the president put up collateral going to achieve that outcome? It seems more likely to encourage bribing the president to give wealthy criminals a pardon while ignoring those who can't pay the toll.
But even now you can still pay the president to pardon without the president putting up any collateral. There is zero risk for the president. At least with collateral the families hurt by the criminal in the future can be compensated by state using that collateral money.
Or another way without collateral would be the president/board get fined heavily to compensate the future victims. And board member lose their license. Just like an architect or doctor lose license for malpractice. Whatever the solution is, someone need to held responsible and take responsibility.