Compliance into the Weeds: Episode 97

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly and I take a deep dive into the continuing saga of Elon Musk, the SEC settlement, corporate governance at Tesla and his ongoing twitter feed.   

Some of the highlights from this podcast are:

1. The original ‘funding secured” tweet demonstrated that proper SOX 302 controls are not in place at Tesla.
2. Is corporate governance a SOX 302 control? Did the Tesla Board fulfill its obligations around this issue? What does the SEC say about it?
3. Is short term gain (IE., profit) the goal of a corporation or is it )or should it be the long-term viability of the organization? What is in the best interest of the shareholders?

We unpack of all these points and consider strategies going forward.

For more reading: see Matt’s piece The Many Lessons of Elon Muskand see Tom’s blog post Best Practices (Or Not)