Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart arent leaving because of any disagreement with the company. Tesla disclosed the upcoming changes to the board in regulatory filings Friday. The changes are the latest moves by Tesla in response to criticism that the board has lacked independence from the companys mercurial CEO. In December, Tesla named two independent board members as part of the agreement.

Source: ABC News April 20, 2019 15:57 UTC