A powerful proxy advisory firm is recommending Tesla shareholders to vote against two current board members and for measures urging greater corporate accountability.
A powerful proxy advisory firm is recommending Tesla Inc. shareholders to vote against two current board members and for measures urging greater corporate accountability.
ISS is also recommending “yes” votes on shareholder proposals to declassify the board, to issue a diversity and inclusivity report, to report on employee arbitration, and to assign an independent committee to oversee “human capital management.” Tesla’s board opposes the measures. Tesla is hardly the only company where shareholders lack much power. Some of the country’s biggest and most influential companies, such as Walmart Inc. WMT, +0.28% and Facebook Inc. FB, +2.02%, have near total control in the hands of their founders, their families and other insiders.
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