{"id":344657,"date":"2021-09-27T01:32:00","date_gmt":"2021-09-26T22:32:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tesla-expands-full-self-driving-beta-tests-as-proxy-group-urges-board-shakeup\/"},"modified":"2021-09-27T01:32:00","modified_gmt":"2021-09-26T22:32:00","slug":"tesla-expands-full-self-driving-beta-tests-as-proxy-group-urges-board-shakeup","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tesla-expands-full-self-driving-beta-tests-as-proxy-group-urges-board-shakeup\/","title":{"rendered":"#: Tesla expands \u2018Full Self-Driving\u2019 beta tests as proxy group urges board shakeup"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c32d64532e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c32d64532e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/tesla-expands-full-self-driving-beta-tests-as-proxy-group-urges-board-shakeup\/#ISS_calls_for_%E2%80%98no_votes_against_two_big-name_directors_and_for_corporate_accountability_proposals\" >ISS calls for \u2018no\u2019 votes against two big-name directors, and for corporate accountability proposals<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/tesla-expands-full-self-driving-beta-tests-as-proxy-group-urges-board-shakeup\/#Mike_Murphy\" >Mike Murphy<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#: Tesla expands \u2018Full Self-Driving\u2019 beta tests as proxy group urges board shakeup<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"ISS_calls_for_%E2%80%98no_votes_against_two_big-name_directors_and_for_corporate_accountability_proposals\"><\/span>\n  ISS calls for \u2018no\u2019 votes against two big-name directors, and for corporate accountability proposals<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000421069\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000421069\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       A powerful proxy advisory firm is recommending Tesla Inc. shareholders to vote against two current board members and for measures urging greater corporate accountability.<\/p>\n<p> Meanwhile, Tesla is expanding the number of drivers who can request the beta version of its latest \u201cFull Self-Driving\u201d feature, despite concerns from regulators.<\/p>\n<div class=\"paywall\">\n       A note by Institutional Shareholder Services on Friday advised voting against re-electing directors James Murdoch, who quit the board of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> Corp. in 2020, and Kimbal Musk, brother of Tesla CEO Elon Musk. ISS cited directors receiving \u201csizeable equity grants\u201d without providing rationale, raising concerns about the directors\u2019 ability to effectively oversee the company\u2019s risk. ISS also complained that the board has not been sufficiently responsive to measures that were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved by shareholders last year.<\/p>\n<p>ISS is also recommending \u201cyes\u201d votes on shareholder proposals to declassify the board, to issue a diversity and inclusivity report, to report on employee arbitration, and to assign an independent committee to oversee \u201chuman capital management.\u201d Tesla\u2019s board opposes the measures.<\/p>\n<p>Tesla\u2019s annual shareholders\u2019 meeting is set for Oct. 7 at its factory in Fremont, Calif. Another proposal, supported by both ISS and Tesla\u2019s board, would reduce directors\u2019 terms to two years, from the current three.<\/p>\n<p>Proposals opposed by Tesla are unlikely to be passed, even if they win a majority of votes. Elon Musk and other insiders control about 25% of voting power, and shareholder supermajorities are required for major changes. That means that without support from Musk and other insiders, nearly 90% of shareholders\u2019 support would be needed to overrule them.<\/p>\n<p>Tesla is hardly the only company where shareholders lack much power.  Some of the country\u2019s biggest and most influential companies, such as Walmart Inc.<br \/>\n        WMT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207374728\/composite\" class=\"positive\">+0.28%<\/bg-quote><br \/>\n       and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> Inc.<br \/>\n        FB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205064656\/composite\" class=\"positive\">+2.02%<\/bg-quote><span>,<\/span><br \/>\n       have near total control in the hands of their founders, their families and other insiders.<\/p>\n<p>On the technological side, Tesla over the weekend launched a button on its vehicles\u2019 dashboard screens where owners can request a software upgrade to the Full Self-Driving beta version. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tesla.com\/support\/safety-score\" class=\"icon none\">According to Tesla\u2019s website<\/a>, the company will grant FSB beta access to users who have a proven record of driving safely, determined by a five-factor score compiled by Tesla.<\/p>\n<p>Despite its name, the Full Self-Driving feature doesn\u2019t make the cars fully autonomous, and last week the head of the National Transportation Safety Board called the upgrade premature, and said Tesla\u2019s use of that term is \u201cmisleading and irresponsible.\u201d<\/p>\n<p>Last week, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/san-francisco-raises-tesla-self-driving-safety-concerns-public-test-nears-2021-09-23\/\" class=\"icon none\">San Francisco transport authorities also expressed concern<\/a> about the safety of the FSB feature ahead of the software update.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Federal regulators have investigated at least 25 crashes over the past five years involving Tesla\u2019s Autopilot driver-assistance feature.<\/p>\n<p>Tesla shares<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/composite\" class=\"positive\">+2.75%<\/bg-quote><br \/>\n       are up about 10% year to date, compared to the S&amp;P 500\u2019s<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.15%<\/bg-quote><br \/>\n       nearly 19% gain.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mike Murphy\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/mike-murphy\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/mmmmurf\",\"text\":\"@mmmmurf\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"mailto:mmurphy@marketwatch.com\",\"text\":\"mmurphy@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\" aria-label=\"links to  author page\"><span class=\"ez-toc-section\" id=\"Mike_Murphy\"><\/span>Mike Murphy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-766C-CD355CF82BC1%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#: Tesla expands \u2018Full Self-Driving\u2019 beta tests as proxy group urges board shakeup&#8221; ISS calls for \u2018no\u2019 votes against two big-name directors, and for corporate accountability proposals A powerful proxy advisory firm is recommending Tesla Inc. shareholders to vote against two current board members and for measures urging greater corporate accountability. Meanwhile, Tesla is expanding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":341478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-344657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=344657"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/344657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/341478"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=344657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=344657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=344657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}