In the corporate legal sphere, one of the most striking stories this week involves Elon Musk and the latest developments surrounding his flagship company, Tesla. The electric vehicle tycoon is considering moving Tesla’s incorporation from Delaware to Texas following the Delaware Chancery Court’s rejection of his proposed multi-billion-dollar pay package. Reports suggest that Musk is currently seriously exploring this drastic step.
Meanwhile, a recent research study spotlighted diversity in the boardrooms of major corporations, revealing that people of color comprise approximately 28% of women serving as general counsel and chief legal officers. This finding is particularly noteworthy because it highlights that diversity among women in top legal roles is twice as much as among men in the same positions.