OK by allowing twist... which is like feathering the top of a sail, and in effect stopping it working.
It is good to watch a video of sailboards sailing with a lot of twist in the sail... I once saw a sailboard speed week championship video, the tops of the sails were flapping like a flag... the battens and tension on them stopped a fair bit of it but they were flapping. Next time your on the water watch other sails for the top flapping about just a little. (you won't see it on your board as your looking almost straight up)
I normally don't take into account twist to much because its one thing that the sailor can control with sheet pressure and angle.
And yes if you allow lots of twist of sail top feathering it
will lower the CE, but it will also cause air drag.
I have done a picture of what would occur if the tops of these sail were twisted or feathering, the twisting line would be about where the black line is.... and if we then do the same line drawings on the effective sail area we end up with a totaly different CE point.