Not to burst any bubbles but that looks like standard mdf board, as well no matter what type of wood it needs to be properly prepped, except teak wood, I am a professional marine electronics tech and I can say that imo that is the incorrect way to do things, I am not trying to bash anyone Im just stating professional advice, that wood should not have just been primered and painted, correctly done it should have been fiberglassed and then you can primer and paint it, I just see too many boats where things have been done incorrectly. As well in terms of wiring anything less then marine grade wire would not pass an inspection, it does not matter how fast something drys out, the moisture will form in that type of wire and corroide from the inside out without being able to tell, I visited a local car audio/ so called want to be marine audio installer and they informed me that for marine audio all they use is car audio wiring, from that I can tell you who I would explain customers stay away from. Car audio speakers are not going to last on a boat either, the only place car audio speakers are ok to install on a boat is inside a cabin ie: master state room, anything with a full closed off cabin on it. Externally placed on a boat they are going to corroide and weather away and rot from the outside weather, Im sorry to say but this is why they have car audio and marine audio.
I will agree on one thing only, that this system does look good looking at it however imo it is very incorrectly installed and wrong wiring. Sheet metal screws are also incorrect to use in wood and fiberglass, they offer quality stainless screws that are self tapping and over great bite much more over sheet metal screws once again imo, in my professional opinion.
These are examples of quality marine grade wiring in a boat, I am just trying to help you here as I see way to many incorrect jobs that I have to repair on customers boats.
Note they are all marine grade wiring, proper lug crimps and heat shrink that is adhes lined to seal out water. All buss terminals are also marine grade and tinned, the stereo that is being installed is 3000 watts in this 22' Mako that I now own and the fuse holder is also marine grade and tinned. I am sorry but electrical tape and liquid tape and silicone does not seal out moisture and water only marine grade terminals, wiring and buss bars and fuse holders should be used in a boat.
Heres what happens when you use non marine grade wires and connections in a boat, this was covered in silicon, liquid electrical tape then about 50 layers of electrical tape........ You can see what still happend!