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Some corporate governance activists call for the chairman and CEO roles to be split between two people to improve oversight, and the new filing revealed at least one major investor backed such changes at Tesla. BlackRock’s role in backing the proposal was not previously reported. Musk has been under pressure over the company’s spending and after tweeting on Aug. 7 that he planned to take the company private, only to abandon the idea by Aug. 24. Tesla’s board had said that the company’s success “would not have been possible” without Musk’s “day-to-day exposure to the company’s business.”.

Yet top proxy adviser Institutional Shareholder Services Inc supported the proposal, citing concerns about Musk’s pay and board independence, “BlackRock’s approach to investment stewardship is driven by our fiduciary duties to our clients, the asset owners,” a BlackRock spokeswoman said in an emailed statement, “Our approach to engaging with companies and proxy voting activities is smooth wrap cufflinks black consistent with our commitment to drive long term shareholder value for our clients.”..

BlackRock funds are a top-10 Tesla stockholder, controlling nearly 6.5 million of Tesla’s 170 million shares, according to Thomson Reuters data based on public filings. Vanguard Group Inc-run funds voted against the independent-chair proposal, a recent filing showed. Funds run by Fidelity Investments sided with Tesla on director votes and other controversial items this spring, its filings showed. BlackRock’s report also showed it voted this year in favor of shareholder proposals at Facebook Inc and Google parent Alphabet Inc to give each shareholder an equal vote on governance matters.

WASHINGTON (Reuters) - U.S, trade officials are smooth wrap cufflinks black pressing Mexico and possibly Canada to accept a quota plan to replace national security tariffs currently in place on imports of steel and aluminum, people briefed on the negotiations said on Thursday, Metals tariffs are not directly part of updating the North American Free Trade Agreement as negotiators race toward a Friday deadline, The United States imposed tariffs on metal imports in March, but at the time exempted Canada and Mexico, It extended the tariffs to both countries in June..

However, all three countries in the NAFTA pact see resolving the issue as part of a larger move to normalize trade relations in the wake of months of tit-for-tat tariffs that have raised costs and snarled supply chains for North American manufacturers and farmers. The issue is politically fraught since the Trump administration has made rebuilding U.S. basic metal industries a key promise to voters and views trade barriers as a tool to achieve that. Commerce Secretary Wilbur Ross reiterated that view when he traveled to Kentucky last week for a ceremony marking the restart of an aluminum smelter owned by Chicago-based Century Aluminum Co. Century credited the new tariffs, which put duties of 10 percent on aluminum and 25 percent on steel.

Meeting with workers at the factory, Ross said curbs on imports would remain in place long term, South Korea in March agreed to revise a trade deal that President Donald Trump had heavily criticized, Under the revised deal, in return for being exempted from tariffs, South Korea agreed to a smooth wrap cufflinks black quota that is equal to 70 percent of the annual average Korean steel exports to the United States between 2015-2017, “In the end, to make sure this is effective, you either have to have a tariff or a quota,” said Jesse Gary, general counsel for Century, “South Korea is an example of how the administration is approaching this, That’s our expectation.”..

Brazil and Argentina also have accepted metals quotas to avoid tariffs. Any deal on the metals tariffs is not expected until after the three sides settle on terms for an updated NAFTA agreement. “The U.S. and Mexico are discussing a quota-based structure for the steel and aluminum imports into the U.S. and more time is needed,” Dan Ujczo, a U.S. trade lawyer who focuses on Canadian issues, said in a letter to clients this week seen by Reuters. He said a deal on tariffs with Mexico, and potentially lifting of tariffs on Canada, is likely to “be announced during the 90-day consultation between the ‘handshake’ and signature” on a NAFTA revision.

A quota system would keep U.S, metal prices high by limiting supply and lead to potential shortages, Any push for quotas faces strong opposition in all three countries, Domestic metal producers like Century, Nucor Corp., United States Steel Corp, and ArcelorMittalcould benefit, But Stelco Holdings Inc., based in Canada, would likely suffer, CANACERO, Mexico’s steel industry association, said on Wednesday smooth wrap cufflinks black that Mexico should seek exclusion from U.S, tariffs on steel imports before completing negotiations on a new NAFTA agreement..

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