Rather than blustering that 'the remuneration of the management was set independ

The decision by a Delaware court to "cancel" Tesla's super-large stock option for Elon Musk is a fresh shock to me as a journalist working in an underdeveloped capitalist society.

음 일론머스크가 상대적으로 큰 손실볼 가능성이 높이보이는데... 이게 앞으로 어떻게 처리될지 궁금해지네요

쭉 잘 풀리는 느낌이었는데... 지금은 누적되는 악재가 더 커보이기도 합니다.

A brief summary of the reading is as follows.

- To the controlling shareholder, there is no need to compensate for stocks such as stock options and RSU. The reason for stock compensation is to align the interests of shareholders and management (one heart hoping for a rise in stock prices) because they already have a large number of shares, so they do not need additional incentives through stocks as it is good if stock prices rise.

- Rather than blustering that 'the remuneration of the management was set independently according to reliable standards', the board of directors should specifically disclose how they secured independence and how and how the remuneration was set. If such information was not provided, it is illegal because it deceived shareholders.

Q: Corporate boards should not "cooperate" with management but "negotiate" and "conflict" over remuneration setting. The board should also be responsible for proving such fact. All potential conflicts of interest should be disclosed. We should not make shareholders bother to look for it.

- Management's remuneration should be set under clear, specific and clear goals. It should be proven that they have worked properly for the company and its shareholders to sweat on the soles of their feet. Working in various companies and receiving performance-based bonuses is proof that performance-based pay did not achieve its purpose in the first place. In this case, management should be pressured by preparing provisions to recover performance-based bonuses.

- The performance indicators on which management compensation is based should not be an easy target to achieve. They should be 'ambitious' indeed.

- How much compensation you have to pay to management is not fixed, so there are no restrictions. However, if the process of calculating the size of the compensation is unclear, the 'price' of the compensation loses fairness.

Q: Corporate boards should not make decisions to increase management's profits. They should not work like the relationship between the "owner" and the "man." They should work in the best interests of the company.

- Shareholders have the right to hear a completely accurate explanation of the board's decisions and procedures.

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Korea seems to be all illegal..