A group of European and American investors have raised concerns about Exxon Mobil's lawsuit against activist groups. They argue that long-term investors would suffer if companies resort to courts to settle disagreements on shareholder proposals. The lawsuit in question involves an activist investor who was sued by Exxon over a now-withdrawn shareholder proposal concerning climate change. Despite the controversy, Exxon shareholders have re-elected two directors, Chairman Darren Woods and lead director Joseph Hooley, who were targeted by activist shareholders. The two directors faced a 'vote no' campaign by climate-focused investors. This re-election is seen as a significant victory for ExxonMobil in its ongoing board battle.
Exxon Mobil shareholders re-elected Chairman Darren Woods and lead director Joseph Hooley. The two faced a 'vote no' campaign by activist shareholders over the oil company's lawsuit seeking to bar climate-focused investors from bringing future resolutions https://t.co/X1DXdy29dS https://t.co/w5ETSVwht1
Exxon Mobil shareholders re-elect two directors targeted by activists https://t.co/5JfCdnd0BT
Exxon prevails over dissident shareholders in board battle https://t.co/l2nG4TRPwj
Exxon Mobil shareholders re-elected Chairman Darren Woods and lead director Joseph Hooley, who were targeted by activist shareholders https://t.co/X1DXdy29dS https://t.co/nqu6BhgqQ1
Exxon shareholders re-elect two directors targeted by activists #oott https://t.co/eqkv0nn1Cs
BREAKING: ExxonMobil retains its board of directors, successfully fending off an attempt from pro-ESG activist investors to punish the company. Major win for @exxonmobil shareholders - corporate courage is how we get politics out of business and return to fiduciary duty.
An activist investor sued by Exxon Mobil over a now-withdrawn shareholder proposal concerning climate change has again called on the oil giant to withdraw its suit after broadening its previous promise not to resubmit the proposal in the future. https://t.co/ACZEuQSS7H https://t.co/0rMNVpsIxF
A group of European and American investors raised concerns about Exxon Mobil's lawsuit against activist groups. They said that long-term investors would suffer if companies turned to the courts to settle disagreements on shareholder proposals https://t.co/CdxrbJkYHQ https://t.co/P9iZAwQcEa
Highlighting Exxon lawsuit, investors urge firms to keep shareholder spats out of court https://t.co/7SgeEx1Lch
Norges Bank Investment Management, the sixth biggest shareholder in Exxon, said it will vote against the reappointment of Exxon's lead independent director, Joseph Hooley, due to the oil giant's lawsuit targeting two climate activist investors https://t.co/3jWrzQf92r https://t.co/EMPoOMkpCh