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Tesla Investors Urge Directors To Go Beyond Sec's Board Overhaul | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking

by cpifinancial.net posted 4months ago 136 views
  A group of Tesla Inc. investors wants the electric-car maker’s board to grow up. : A Securities and Exchange Commission settlement that requires Tesla to replace Elon Musk with a new chairman and add two independent directors doesn’t go far enough to fix the company’s corporate governance woes, according to a union-affiliated investor group and officials representing major pension funds in five states. The investors—several of which have pressured Tesla in the past and achieved mixed results—play out a series of measures the board should take to boost oversight and better hold Musk accountable as chief executive officer.

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