Tesla’s Governance Challenges: Navigating the Complex Intersection of Relationships and Fiduciary Duties
Amelia White – On January 30, 2024, a Delaware judge struck down Elon Musk’s compensation package of $56 billion, criticizing the close relationships between Tesla’s board of directors and Musk’s influence over them. Boards must be largely independent to be publicly traded on Nasdaq. Nasdaq defines an independent director as someone “who is not an […]