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Wednesday, December 1, 2021

Exxon shareholders reject proposal to split CEO, chair roles

Exxon shareholders reject proposal to split CEO, chair roles© Reuters. A logo of Exxon Mobil is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

DALLAS (Reuters) – Exxon Mobil Corp (NYSE:) shareholders rejected a proposal on Wednesday at their annual meeting that would have split the roles of chairman and chief executive.

Shareholders also rejected a proposal that would have forced the world’s largest publicly traded oil producer to provide greater disclosure on its lobbying expenditures. Shareholders did approve the full slate of 10 nominees to the company’s board of directors at their Dallas meeting.

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Source: Investing.com

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