ISS recommends Tesla investors vote against re-election of Robyn Denholm

This post was originally published on this site

“Pledging does inherently pose risks to ordinary shareholders, and the likelihood of a forced sale of pledged shares increases at a time when the share price (and therefore the value of the collateral) is already declining,” ISS said in a report.

“The aggregate value of the pledged position, as well as the likelihood of further increases, raise significant concerns,” it said.

Musk did not immediately respond to Reuters’ request for comment.