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SolarCity recuses two more board members from voting on Tesla offer

2016-06-25 20:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Two additional SolarCity Corp board members with ties to Elon Musk are recusing themselves from making decisions regarding Tesla Motors Inc's offer to buy the solar power company, in a bid to alleviate corporate governance concerns surrounding a potential deal. The new recusals mean the majority of SolarCity's board will be sitting out the decision on whether to be acquired by Tesla. Peter Rive, who is the cousin of Tesla chief executive and SolarCity chairman Musk, along with JB Straubel,...

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Category:Electronics and Electrical

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