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Shareholders of Tesla offered to remove Musk from the post of head of the board of directors

In early June, a meeting of shareholders will take place, and they were advised to divide the posts of the head of the company and the head of the council.

Getty Photos
Getty Photos

The consulting firm Institutional Shareholder Services (ISS) recommended toTesla shareholders to remove Elon Musk from the position of the head of the board of directors. They were offered to divide the posts of the head of the company and the head of the council, both of which are occupied by the entrepreneur.

June 5 will be the annual meeting of shareholders of Tesla, at which three of the nine members of the board of directors must be re-elected. The musk was proposed to be removed from the post for “independence” by the board from the head of the company. In addition, the entrepreneur owns 20% of Tesla.

In addition to the Musk ISS advised to remove two more members of the board of directors – investor Antonia Gracias and James Murdoch, son of Rupert Murdoch. Both are considered too dependent on their posts, as well as those engaged in outside activities.

Earlier Tesla encountered problems with the release of the new electric car Model 3. Two top managers left the company , after which Musk announced the reorganization of the company’s internal structure for “better preparation for the future”. In addition, in February, Tesla reported a million losses due to the complexity of production of the new model.

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