Tesla board faces more pressure as proxy firm slams bad governance

This year, the proxy adviser cited concerns about objectivity and proper oversight for its opposition to both Gracias and Kimbal Musk

Tesla Inc.’s board is coming under more criticism, with the world’s second-biggest proxy adviser siding with investors that oppose the re-election of three directors and want the company to appoint an independent chairman.

Shareholders should vote against Antonio Gracias, Tesla’s lead independent director; Kimbal Musk, the brother of Chief Executive Officer Elon Musk; and James Murdoch, CEO of Twenty-First Century Fox Inc., Glass Lewis & Co. said in a report. The firm also believes the electric-car maker’s investors would be better served by separating the chairman and CEO roles that Musk has held for at least the last decade.

The recommendations clash