Ron Burgundy Posted June 25, 2016 Share Posted June 25, 2016 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, chief technology officer and co-founder of Tesla, are both recusing themselves from the decision-making process, SolarCity spokesman Jonathan Bass said in a statement emailed to Reuters late on Friday. View the full article Quote Link to comment Share on other sites More sharing options...
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