1. Tesla Board Shakeup Seen as `Important Step' in Governance

    Tesla Board Shakeup Seen as `Important Step' in Governance

    (Bloomberg) -- Tesla Inc. will bid farewell to longtime directors and reduce the size of its 11-member board to nine as the automaker ushers in a new era of corporate governance. Director terms will be cut to two years from three, allowing shareholders to vote on the board’s performance with greater frequency, according to a proxy filed Friday...

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    1. It strikes me as an important step towards more effective corporate governance.
    2. This is a first good step, but there's more work to do.
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