Tag: Tesla

A $56bn lesson in corporate governance
The startling sum of Elon Musk’s pay package may be beyond the orbit of other companies, but the governance principles are not.

Proposed Delaware business law reforms ‘detrimental’
The changes would disadvantage shareholders, undermine case law and erode perceived value, believes Harvard law professor.

News round-up: this week in governance
Revolut chief says London listing is ‘not rational’; the US and new EU disclosure rules; Elon Musk pay case is ‘a cautionary tale’.

Delaware court rejects Elon Musk’s pay appeal
The US judge’s January ruling against the Tesla board stands, highlighting the issue of corporate governance and compensation.

OpenAI looks at ditching nonprofit structure
With the company potentially valued at $150bn, CEO Sam Altman has held talks about putting in place a ‘for profit’ arrangement.

News round-up: this week in governance
NBIM speaks up for sustainability standards; Lauren Branston to take the helm at the Institute of Business Ethics; Tesla board ‘wrong’.

Shareholder showdown looms for Elon Musk
Tesla’s investors will vote on $56m pay deal this week, with Norges Bank’s fund already declaring its opposition.

Musk’s pay deal meets opposition
With Tesla’s AGM imminent, proxy advisers Glass Lewis advise shareholders to reject ‘excessive’ pay package for the carmaker’s CEO.

News round-up: this week in governance
Musk seeks to outwit shareholders; climate reporting rules criticised; AssetCo attracts proxy advisor attention; CSDDD before EU Parliament.

News round-up: this week in governance
No parity for women on boards ‘before 2038’; Elon Musk’s stratospheric pay packet; how to avoid climate risk violations.