Elizabeth Warren Urges SEC Probe of Tesla Governance – Bloomberg

Senator Elizabeth Warren again urged US securities regulators to investigate whether Tesla Inc.’s board violated rules governing the independence of company directors.

In a letter to US Securities and Exchange Commission Chair Gary Gensler on Thursday, Warren said recent events have deepened her concerns that the electric-car maker’s board lacks independence from Chief Executive Officer Elon Musk.

The Massachusetts Democrat pointed to the January decision by a Delaware judge to void Musk’s $55 billion pay package and his subsequent threats to move Tesla’s incorporation from Delaware to Texas.

Source: Elizabeth Warren Urges SEC Probe of Tesla (TSLA) Governance – Bloomberg