1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Japan's trade balance stays in black www3.nhk.or.jp

Japan's trade balance in October was in the black for the second consecutive month.
 
The value of exports shrank, but an even bigger decline in imports kept the index in positive territory.
 
The Finance Ministry announced on Monday the surplus was about 4.5 billion dollars for last month.
 
Exports were down 10.3 percent in yen terms from a year earlier. That's their 13th straight month of decline.
 
Fewer automobiles were shipped to Europe. Declines were also seen for iron and steel products to the United States, Europe and Asia and communication equipment to China.
 
The ministry says imports shrank 16.5 percent. This was largely due to lower prices of crude oil and natural gas.
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Data Dive: Snapchat revenue growth may not be a snap www.reuters.com

One problem Snapchat won't have in the immediate future is cash. But whether the social media star's underlying revenue will keep up is an open question.
 
The company filed for an IPO valued between $20 billion and $25 billion. Its last round of financing came in May to the tune of $1.81 billion, which valued the company at around $17.8 billion. That compares with a value of $16 billion in February, when the company raised $175 million.
 
The bulls are likely to cite eMarketer's report from September, which predicts that Snapchat's revenue will rise 155 percent to $935.5 million in 2017 from $366.7 million.
 
The downside to those numbers is that while Snapchat accounts for 32 percent of social network users in the United States, it's only getting 2.3 percent of social network ad dollars.
 
Facebook's third-quarter advertising revenue rose 59 percent to $4.3 billion, but its shares got trashed after the company warned that growth would slow in the current quarter. By comparison, Google's ad revenue jumped 18 percent to $19.8 billion. Twitter's advertising revenue rose 6 percent to $545 million.
 
No one questions Snapchat's ability to engage its users. But turning that engagement into money is another story. "The question is, 'Can you monetize it the way Facebook's monetized historically?' And that's going to be a real challenge for the company to keep up this level of growth," BTIG's Richard Greenfield told CNBC earlier this month.
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APEC leaders commit to fighting 'all forms' of protectionism www.reuters.com

Pacific rim leaders said on Sunday that they were committed to fighting "all forms of protectionism," and encouraged signatories of the TPP trade pact to continue supporting it despite fears it may not have a future in its current form.
 
"We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism," the leaders of the 21-country Asia-Pacific Economic Cooperation (APEC) group said in a closing statement after meeting in Peru.
 
APEC talks in Lima have been dominated by doubts over the future of free trade and in particular the Trans-Pacific Partnership (TPP) trade pact following the election of Donald Trump as U.S. president.
 
Trump strongly criticized the TPP - which as it stands includes the United States but not China - during an election campaign notable for his strong criticism of U.S. free trade deals.
 
U.S. President Barack Obama, speaking at a news conference, said he was already hearing calls for a less ambitious trade agreement that would exclude U.S. workers and businesses.
 
Not moving forward with TPP would undermine the U.S. position across the Asia-Pacific region, Obama said at the end of the last stop of his final scheduled trip abroad as president.
 
Some leaders have suggested that the 12-nation TPP free trade pact could continue without the United States, while others have said that would be impossible without a complete renegotiation.
 
Another way forward might be a cosmetic change that would allow Trump to support the accord without losing political face, New Zealand Prime Minister John Key suggested in a round table on Saturday.
 
In parallel, China has been selling an alternate vision for regional trade by promoting the Regional Comprehensive Economic Partnership (RCEP), which does not include the Americas.
 
Peru's President Pedro Pablo Kuczynski, host of the APEC summit, said it was too early to write off the sweeping TPP deal following Trump's surprise win.
 
Kuczynski said that economic hardship had fueled support for Trump in the United States and the Brexit victory in the United Kingdom. "More than protectionism, it's a reflection of difficult economic conditions," Kuczynski said.
 
The final declaration by the APEC leaders said: "We encourage that all regional undertakings, including TPP and RCEP, remain open, transparent and inclusive and draw on each other."
 
Both deals could be potential pathways to a wider regional trade agreement, known as the FTAAP or Free Trade Area of the Asia Pacific, it said.
 
The final declaration acknowledged that economic growth had become uneven in recent years and inequality had risen, factors seen as key in a shift to isolationism in Western economies.
 
"While the complex global economic environment will continue framing our work, it also represents an opportunity to reiterate our commitment to build a dynamic, harmonious and open economy in the Asia-Pacific region," it said.
 
 
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S. Korean prosecutors say president involved www3.nhk.or.jp

South Korean prosecutors suspect President Park Geun-hye widely conspired in the crimes of her long-term friend and two former aides.

On Sunday morning Choi Soon-sil was indicted on charges including fraud and conspiring to abuse power. She has known Park for over 40 years. An Chong-bum, a former presidential aide, was also charged with abuse of power. Former presidential secretary Jeong Ho-seong was charged with leaking state secrets to Choi.

South Korea presidents are immune from prosecution except for treason. But observers say pressure on Park to step down will now intensify.

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China pledges further opening as leaders scramble for free trade www.reuters.com

Chinese President Xi Jinping pledged further economic opening on Saturday as leaders of Asia-Pacific countries sought new free-trade options following Donald Trump's election to U.S. president on promises to scrap or renegotiate trade deals.

All eyes were on China at this year's APEC summit in Lima, Peru just over a week after Trump's surprise victory in the United States dashed hopes of the largest-ever U.S.-proposed trade deal, the Trans-Pacific Partnership (TPP), coming to fruition.

U.S. President Barack Obama has championed the TPP as a way to counter China's rise, but he has now stopped trying to win congressional approval for the deal signed by 12 economies in the Americas and Asia-Pacific, excluding China. Without U.S. approval the current agreement cannot be implemented.

Trump campaigned against the TPP and the North American Free Trade Agreement (NAFTA) as bad for U.S. jobs. He said he would scrap the TPP and threatened to impose tariffs on imports from China and Mexico.

Following a meeting with Obama, Xi said Beijing's relationship with Washington was at a "hinge moment" and called for a smooth transition.

Xi has been selling an alternate vision for regional trade by promoting the Beijing-backed Regional Comprehensive Economic Partnership (RCEP), which as it stands excludes the Americas.

"China will not shut its door to the outside world but open more," Xi said in a keynote address at APEC. "We're going to...make sure the fruits of development are shared."

Asia-Pacific countries should "advance economic integration and build open economies," Xi said. "Any regional trade plans should have widespread support... Sealing off and excluding others is not the correct choice."

Chinese attendance at the APEC meeting was its largest ever and regional delegates said China would take the lead on trade if the U.S. turned toward protectionism.

The Obama administration has warned that the RCEP would not include strong protections for workers, the environment or intellectual property.

In Lima on his last scheduled trip abroad as president, Obama said the United States worked to include labor provisions in a U.S.-Peru free trade agreement to lift wages and standards for Peruvian workers.

"That's the kind of attitude that we want to try to promote in ... the years going forward, and my hope is that that policy will continue."

TPP leaders held a meeting at APEC, where Obama urged them to work together to advance TPP, the White House said.

The leaders had confirmed the economic and strategic importance of the agreement, Japanese Deputy Chief Cabinet Secretary Kotaro Nogami told reporters after the meeting.

CHINA FILLS THE VOID?

With the fate of the TPP uncertain, China's talks on RCEP, which include Australia, India and more than a dozen other countries, are seen as perhaps the only path to the broader Free Trade Area of the Asia-Pacific (FTAAP) that APEC aspires to.

"It's a more traditional trade deal, reducing tariffs on goods and services. It's not as far reaching as the TPP," Australian Prime Minister Malcolm Turnbull told reporters of RCEP. But "the more access we can get to more markets for our exports, the better."

New Zealand Prime Minister John Key said the United States was an important partner in the region, but China would fill the void if a Trump administration backs away from free trade.

Key said TPP members might be able to incorporate "cosmetic changes" to make the deal more palatable to the real estate magnate and former reality TV star.

"The Trump Pacific Partnership for instance, that'd be fine," Key said, laughing.

Despite China's overtures, some APEC members were determined to press on with TPP and held out hopes the United States would still show leadership on trade.

"Our geopolitical position is with the United States, obviously," Mexican President Enrique Pena Nieto said. "That's where our eyes are set and that's what we are working for."

Pena Nieto said the NAFTA pact between the United States, Mexico and Canada should be "modernized." Trump has vowed to scrap NAFTA if he cannot renegotiate it,

Mexico, Japan, Australia, Malaysia, New Zealand and Singapore aim to continue with TPP with or without the United States, Mexico's economy minister, Ildefonso Guajardo, said on Friday.

Several APEC members said it was too soon to write off support from Trump on TPP.

"Barack Obama was not a supporter of the TPP when he became elected and he's leaving office as one of its greatest advocates," Australia's Turnbull said.

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Marilyn Monroe's dress sells for $4.81 million www3.nhk.or.jp

A dress worn by movie star Marilyn Monroe has sold for a world-record price at an auction. Monroe wore the sparkling gown when she sang a birthday song to President John F. Kennedy.

Museum chain Ripley's Believe It Or Not! paid 4.81 million dollars for the skin-tight gown. It is the most ever paid for a dress, which was one of a number of the actress's possessions to be sold since Thursday at Los Angeles firm Julien's Auctions.

JFK's birthday celebrations took place in May 1962, less than 3 months before Monroe was found dead at age 36.
The head of Julien's says Monroe singing "Happy Birthday Mr. President" is one of the most famous impromptu performances in American history.

The auction house says Monroe had asked designer Jean Louis to make a dress only she could wear. It says the dress features 2,500 hand-stitched crystals and its flesh color matched her skin tone.

The dress was previously auctioned in 1999. It sold for about 1.26 million dollars.

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30th Anniversary of Mongolia and US Diplomatic relations www.mongolianbusinessdatabase.com

 Mongolia and US will mark the 30th Anniversary of establishment of the diplomatic relations in between our countries in 2017. In this regard, the Ministry of Foreign Affairs of Mongolia is making a comprehensive commemoration plan, which includes the business presences on the related activities. Please contact us for an additional information.

MBD Admin
Galaxy Tower 1003
Tel: 77109911,98994787,99066062

 

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Premier League agrees major deal for Chinese TV rights www.bbc.com

The Premier League has agreed a major new deal for its TV rights in China, which could be worth up to $700m (£560m).
The three-year contract with Chinese video streaming service PPTV is set to be the league's biggest-ever overseas broadcast sale.
A PPTV source told the BBC a deal was in place.
If the reported value is confirmed, it would be worth ten times more than the league's current China TV deal.
The Premier League is yet to comment.
Superpower ambitions
PPTV is owned by Chinese retailer Suning, which is already invested in European football after it bought a controlling stake in Italian club Inter Milan in June.
China's President Xi Jinping has led a drive for businesses to invest more in football in a bid to turn the country into a footballing superpower.
He has set a target for the nation to be the world's biggest sports economy by 2025.

Manchester City, West Bromwich Albion and Aston Villa are among the English clubs to have received investment from China over the last year.
Audiences for Premier League football are also growing strongly in China, with English clubs seeing the world's second largest economy as a major growth market.
The nation's own Super League is also helping to fuel the boom, as it attracts well-known players and managers from the European leagues.
The Associated Press news agency reported that the TV deal would be worth $700m, working out at $233m-a-year starting in the 2019-2020 season. Other reports have suggested the deal is worth $600m.

The Premier League's largest overseas TV rights deal is currently with US broadcaster NBC, which paid $1bn for six seasons, or $167m per campaign.
But the main source of the league's income still comes from the UK.
British broadcasters Sky and BT last year agreed to pay a record £5.14bn for three seasons, starting with the current 2016-2017 campaign.
Analysis by Robin Brant, BBC News, Shanghai
If Manchester United and other top English Premier League clubs are willing to parade their players in a series of exhibition games across China as soon as the domestic season is finished, then you can see how important this market is.
EPL (as it's known here) is big. The fact that even David Beckham's son is the centrepiece of an advert for a smartphone in China shows you the strength of its appeal.
Basketball is long established in China. The NBA has a huge following. Rugby Union, Cricket and the NFL all have ambitions here.
But China's association with English football is deepening.
Chinese investors have acquired what seems like most of the West Midlands clubs in a show of status and financial might, but also for some a genuine attempt to build new brands that could appeal beyond their domestic base.
This broadcast deal, unsurprisingly, reveals how important web-based distribution is here for certain types of entertainment.
But what you might call 'revenue issues' remain.
There are plenty of illegal ways to watch EPL games in China and I'm pretty sure that the England away kit I saw listed on a very well-known Chinese internet retailer - for the equivalent of £7.50 - wasn't the real deal.

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Malaysia Airlines turnaround challenge 'unprecedented' www.bbc.com

Turning around Malaysia Airlines after the double tragedies of MH370 and MH17 is an "unprecedented" challenge, the firm's recently appointed chief executive has told the BBC.
Peter Bellew said the carrier was now marketing more aggressively as it tries to win back confidence in the brand.
He accepted some passengers would choose to not fly with the company.
But Mr Mallew predicted the loss-making airline would be in profit again by 2018.
And he said that a true test of its recovery would be a return to the stock market, possibly by 2019.
'Deeply personal'
Flight MH370, flying from Kuala Lumpur to Beijing, had 239 people on board when it vanished in March 2014. The Boeing 777 is presumed to have crashed into the southern Indian Ocean after veering off course.
Then in June, all 298 passengers and crew on MH17 died when the Boeing 777-200, en route from Amsterdam to Kuala Lumpar, crashed in eastern Ukraine after being shot down as it passed over the war-torn country.
Many had not expected Malaysia Airlines to stay in business after the disasters, and passengers deserted them in droves.
"For ourselves and the staff here its obviously deeply personal so day-to-day it never leaves," Mr Mallew said in an interview with the BBC World Service.

"But to be able to survive two immense tragedies like that, that takes some backbone, that's not normally something you'd have to deal with.
"Certainly in aviation its unprecedented what we're having to do here. I can't think of a business in my lifetime... that's come back from the depths of the difficulties."
Aggressive approach
Mr Bellew joined the airline in late June 2016, when Christoph Mueller left suddenly.
And he said a top priority was to try and win back passengers and sell more tickets.
"I think there's certain people who may never travel with us again, but the bulk of people would consider it now," he said.
"We were quite quiet on the sales and marketing front and generally on the commercial side we were shy and hiding. So the last four months we've come out very aggressively."
He said that the airline needed to focus on the rise of travel among Chinese people, and that it would move quickly to profit from that "megatrend".
But he conceded that Asia was a crowded market place and his airline had its work cut out, especially within Malaysia.
"The bit that we're struggling with is amazingly low fares in the domestic market which for consumers is super but it makes it very difficult for airlines."
The former executive at Irish budget carrier Ryanair said another priority was focussing on a return to profit, including "the very boring discipline" of controlling costs.
"We're being quite aggressive with suppliers, sometimes quite rude and ignorant maybe in the way we are approaching negotiations now which isn't always the Asian way."
Analysis by Rob Young, BBC Business Presenter in Kuala Lumpur
Malaysians seem to have a deep affection for Malaysia Airlines.
But emotion only goes so far. There are many low cost carriers putting pressure on air fares, not least the nimble Air Asia, also based in Kuala Lumpur.
That's great news for the flying public, not so great for a once-bloated loss-making airline.
Much of the fat at Malaysia has been trimmed and Peter Bellew hopes the financial know-how he brings from the European no-frills airline Ryanair, will make that happen.
His arrival seems to have brought a new financial lease of life. But for many potential passengers it will always be associated with the two tragedies of 2014.

 
 
 
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Tesla Seals $2 Billion SolarCity Deal www.bloomberg.com

Elon Musk’s Tesla Motors Inc. officially moved beyond cars and became a clean-energy company Thursday, as shareholders overwhelmingly approved the acquisition of SolarCity Corp. The deal, valued at about $2 billion, will integrate the maker of all-electric cars and batteries with the installer of rooftop solar panels. More than 85 percent of Tesla shares voted in favor of the merger.
The deal, which sparked controversy over debt and corporate-governance concerns, is a win for Musk’s vision of Tesla as one-stop shopping for consumers eager to become independent of fossil fuels. Now comes the task of integrating two companies that have a track record of fleeting profits and frequent fundraising needs--not to mention thousands of employees.
“We’re trying to make an integrated product,” Musk said during a meeting with Tesla shareholders in Fremont, California, Thursday. “So you have an integrated solar roof with a Powerwall and an electric car, and you just go into a Tesla store, just say yes, it just happens. It all works, it’s seamless and you love it.”
Tesla plans to leverage its formidable brand and retail network with SolarCity’s network of rooftop solar installers and recently announced a “Solar Roof” product. It’s not clear what role Lyndon Rive, SolarCity’s chief executive officer and Musk’s cousin, will play in the combined company.
“With an 85 percent vote, you’re seeing long term shareholders say we’re voting for Elon,” said Ben Kallo, an analyst with Robert W. Baird. “They’re saying ’We’re not here for the next quarter, we’re here for three or five years.’”
It wasn’t clear when the merger will officially close. SolarCity is expected to cease being a stand-alone brand, as Tesla markets its Powerwall battery for the home as a Tesla Energy Product.
“Moving forward I think SolarCity becomes a part of Tesla Energy, but I don’t think that happens overnight,” said Kallo.
During the course of his five-month campaign for the merger, Musk revealed the solar roof product on the “Desperate Housewives” set at Universal Studios in Los Angeles last month. Musk said Thursday the product will be equivalent in cost, or slightly cheaper, than a normal roof and that installations will begin in volume in mid-2017.
Biggest Shareholder
Musk owns 21 percent of Tesla and 22 percent of SolarCity, making him the largest shareholder of both companies. He and Antonio Gracias, who also serves as director at both companies, recused themselves from a board vote on the takeover July 30.
Tesla rose 2.6 percent to $188.66 at the close Thursday, while SolarCity gained 2.9 percent to $20.40. At those prices, the all-stock deal values the solar company at $20.75 a share, a 1.7 percent premium over Thursday’s closing price. The premium was about 35 percent when first announced in late June.
Tesla has lost roughly $4.8 billion in market capitalization since the initial offer, while SolarCity’s value declined by about $86 million.
The quarterly profit Tesla reported last month was the first for the Palo Alto, California-based company in eight quarters. SolarCity has recorded losses in six of the last eight quarters. The two companies have conducted five separate equity offerings since the San Mateo, California-based solar company first sold shares to the public in December 2012.
The deal drew mixed recommendations by proxy advisory firms, with Institutional Shareholder Services giving its blessing and Glass Lewis & Co. rejecting it as a “thinly veiled bailout plan.” ISS said Tesla would be able to bridge cash-burning SolarCity’s funding gap and called the deal a “necessary step” in the electric-car maker’s push to become an integrated sustainable energy company. "Tesla will def absorb SolarCity’s debt," said Musk in a tweet earlier this month. “Although extremely unlikely, I would pay it personally if need be. Debts must be honored.”
New President
The combined company must contend with President-elect Donald Trump, whose views on energy are a sharp departure from President Barack Obama. The real-estate mogul has vowed to roll back environmental regulations and tapped Myron Ebell, a climate-change skeptic, to head his Environmental Protection Agency transition team.
The CtW Investment Group, which works with pension funds, called on Tesla to implement corporate governance reforms, urging the company to add more independent directors to its seven-member board.
“Given the risks the company faces with increased competition, a changing political environment and its expanding product line, Tesla desperately needs to upgrade its governance structure to a standard more befitting of a public company of its size,” said CtW director Dieter Waizenegger in a statement.
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