A $774 billion investment giant is ramping up calls for a Tesla board shakeup — one that goes far beyond what the SEC wants (TSLA)
|11/01/2018||Posted by BusinessMediaguide.Com under General World News||
- Tesla has until the end of November to add two independent directors to its board, as per a $40 million settlement with the Securities and Exchange Commission.
- CtW Investments and elected officials from three states are urging the company to go above and beyond the legal requirements in order to protect investors.
- Five of Tesla’s eight directors currently have close ties to CEO Elon Musk, the letter says, despite meeting the legal requirements for independence.