Part 6/13:
The third proposal, closely related to the second, concerns the frequency of future non-binding shareholder votes on executive pay. Shares can decide whether these votes occur annually, biennially, or triennially.
The suggestion is to align the vote frequency with what shareholders prefer, potentially opting for annual votes to ensure ongoing accountability. Elon Musk and the Tesla board appear supportive, emphasizing that regular engagement on executive compensation is important for maintaining shareholder trust and incentivizing management performance.