In the Margins

Tesla seeks board directors

April 12, 2017

By Silicon Valley Business Journal

Electric carmaker Tesla is actively searching for new board members, following persistent criticism that its current board is too closely tied to CEO Elon Musk. The most recent call for a more independent board came in a letter this week signed by five large investors, including the California State Teachers Retirement System. “We are actively engaged in a search process for independent board members, which is something we committed to do several months ago, and expect to announce new additions fairly soon,” a Tesla spokesperson said. Read the original story from Silicon Valley Business Journal.