- Under pressure from a group of shareholders, Tesla’s board of directors said it will convene the annual general meeting on Nov. 6, nearly four months later than required under Texas state laws. The company had warned at the end of April it would fail to meet the usual deadline, but did not cite a reason for the delay. Charles Elson, founding director of the Weinberg Center for Corporate Governance, says this attitude represents a lack of accountability toward shareholders.
An admission by Tesla’s directors that investors will be forced to wait until November before voting on key issues has come under sharp criticism fire from a leading U.S. expert on corporate governance.
