For example, the board site is making an executive nervous that another board person can see what they are doing in delve.
You can not disable Delve for a particular site.
However you can choose to not show documents in Delve. If you choose to not show documents, other people will not see any documents when they go to your profile page in Delve, and you will not see documents on other people's profile pages. You and others will still be able to find each other's documents in Office 365 if you have access to them. The documents just won't show up in Delve.
Please note Only you can see your private documents in Delve.
Also, other people can't see your private activities, such as what documents you've read, what emails you've sent and received, or what Skype for Business conversations you've been in. Other people can see that you've modified a document, but only if they have access to the same document.