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[$$] Tesla Board's Independence Faces Tough Test

Inc.—its board of directors—have received solid support from shareholders over the years but criticism from some investors and advocates who say they lack independence. Boards have enormous responsibility in corporate deals, especially ones as complex and fraught as the buyout of Tesla that Mr. Musk suggested this week. Most of Tesla’s directors have close business or personal relationships with Mr. Musk that they would have to balance against their obligation to ensure that any deal serves the interests of Tesla shareholders beyond its famous leader, corporate governance specialists say.

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