Top Proxy Advisor Opposes Tesla Board Chair's Re-Election Bid
The world's largest proxy advisor, Institutional Shareholder Services, has issued a report recommending that Tesla (NASDAQ: TSLA) investors vote against board Chair Robyn Denholm's reelection.
ISS takes issue with her role on the board's compensation committee, which has awarded high payouts to the board. It also expressed concern that Tesla board members and CEO Elon Musk have been increasingly borrowing against their Tesla shares.
The recommendation calls into question the effectiveness of Tesla's efforts to improve its governance after the ouster of Musk as board chair in 2018.
Source Fool.com
