Institutional Shareholder Services (ISS), the largest shareholder agency in the United States, urges Tesla, Inc.Shareholders voted to reject the re-election of two non-employee directors, James Murdoch, son of media tycoon Rupert Murdoch, and Kimbar Musk, brother of Tesla, Inc. CEO Elon Musk.

"there are reasons to vote against James Murdoch and Kimbar Musk as directors because of concerns that executives and non-executive directors are being overpaid," ISS said in a note to clients on September 24.

Tesla, Inc. 's board of directors has nine directors. Murdoch and Kimbar Musk, 48, are two incumbent directors who are running for re-election. Tesla, Inc. 's annual shareholders' meeting will be held on October 7 at a new factory in Austin, Texas.

James Murdoch served as 21st Century Fox from 2015 to 2019The CEO of the company. Kimbar Musk is a food entrepreneur and a board member of Elon Musk's SpaceX company.

ISS said directors received "abnormal levels of compensation without compelling reasons" and did not explain why they received "so many more option awards than directors of their peers".

"compared with directors of the same industry and index companies, and even compared with directors of the largest listed companies in the US, Tesla, Inc. 's non-employee directors are highly paid," says ISS.