There’s only one member of SolarCity Corp.’s board without ties to Tesla Motors Inc.
A few directors are related by blood, others are linked through longstanding personal and professional relationships and some have significant investments in both companies. As the solar company’s eight-member board evaluates Tesla’s proposed $2.86 billion acquisition, these connections may create potential conflicts of interest, according to analysts and experts in governance issues.
The Center for Business and Responsible Government (CBRG) is a non-partisan organization dedicated to highlighting cronyism and its effect on American taxpayers and policy. We believe public officials should establish an even playing field for all businesses to compete in the marketplace, not just those special interests who line their pockets.