With the Tesla annual meeting just a week away, two CII members recently sent shareholder communications expressing opposing views on one of the company’s proxy ballot items.

Senators Jack Reed (D-R.I.) and Thom Tillis (R-N.C.) reintroduced the Corporate Governance Fairness Act, a bill that would amend the Investment Advisors Act of 1940 to require proxy advisory firms to register as investment advisors. In 2018, at the request of Reed’s staff, CII was actively involved in drafting the bill.