A $774 Billion Investment Giant is Ramping Up Calls for a Tesla Board Shakeup — One That Goes far Beyond What the SEC Wants
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- 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...