What happens when two top compliance commentators get together? They talk about compliance, of course. Join Tom Fox and Kristy Grant-Hart in 2 Gurus Talk Compliance as they discuss the latest compliance issues in this week’s episode! In this episode, Tom and Kristy tackle various compliance-related topics.
Tesla’s corporate governance is under the spotlight, focusing on the company’s board independence and potential conflicts of interest. Fox has pointed out Elon Musk’s profound control over Tesla, suggesting that the lack of board independence and oversight may necessitate regulatory scrutiny, especially from the Securities and Exchange Commission (SEC). His perspective is rooted in his belief in the importance of corporate governance in protecting shareholder interests, and he raises questions about whether Musk’s leadership is aligned with the expectations of a public company CEO. Similarly, Kristy cites problems with board independence and potential conflicts of interest. She emphasizes the lack of governance within Tesla, particularly noting the court-nullified pay package granted to Musk, and suggests that the SEC may need to intervene even further. She, like Fox, implies that it may be time for Musk to step down and allow for better governance under the scrutiny of regulatory authorities.
Highlights Include

Warren wants the SEC to look into Tesla Board independence. (WSJ)

Goldman files a suit against Malaysia over 1MDB. (Bloomberg)

Mike Lynch finally goes on trial. (FT)


SEC settles first AI washing enforcement. (WSJ)

Adani Green says there is no DOJ investigation notice. (Bloomberg)

TikTok’s Fate Now Hinges on the Senate (WSJ)

The EU Corporate Sustainability Due Diligence Directive—March 2024 Update (JDSUPRA)

Survey: CCO Resources, Pressures Both Rising (Radical Compliance)

Data sharing causing concerns for drivers (WGRZ)

‘Not my fault the truck don’t surf’: Florida man arrested after driving car into the ocean (WFLA)

Resources
Kristy Grant-Hart on LinkedIn
Spark Consulting
Tom
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