Tesla, world’s most valued Car maker’s 2022 Annual Meeting of Stockholders was convened on August 04, 2022 and took attention worldwide as usual. Tesla beat back most proposals by activist investors that sought to pressure the company and its chief executive, Elon Musk, to change the way they treat workers and disclose more about how they lobby government officials. Only one shareholder proposal which will allow large shareholders to nominate alternate members of the board of directors, a common practice among large corporations, prevailed. Lack of diversity at Tesla Board is often criticized.
Tesla is widely credited with pioneering the market for electric cars and putting the auto industry on a path to greatly reduce its greenhouse gas emissions. But the company has been accused of racial discrimination at its California factory and of union busting, and it has been criticized for having a board stacked with people who are close to Mr. Musk. In May, Standard & Poor’s removed Tesla from the S&P 500 ESG Index, a listing of companies that meet certain environmental, social and governance standards.
Your password has been successfully updated! Please login with your new password
The link is unavailable for your login. Please empanel with the ID Databank to access this feature. For more information, email support@independentdirectorsdatabank.in or call 1-800-102-3145.