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Experts say Tesla board may have too many ties to CEO Musk

Updated : August 21, 2018 07:34 AM IST

Add to that his abrupt Twitter announcement of a plan to take the company private even though funding hasn't been solidified, as well as confessing to being overwhelmed with job stress in a recent interview, and it's likely that most other company boards in a similar position would have taken action, corporate governance experts say.
Tesla's nine-member board, which includes Musk and his brother, Kimbal, has largely been silent, save for forming a three-member committee to decide on the go-private plan that has already drawn scrutiny from US securities regulators.
At least five of the company's eight non-executive directors have strong ties to Musk or one of his other companies, throwing their independence into question.
Experts say Tesla board may have too many ties to CEO Musk
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