ExxonMobil pledges two new directors ahead of climate policy showdown
Undertaking comes ahead of shareholder contest over the oil and gas titan’s climate policy and board makeup
24 May 2021 - 19:40
ExxonMobil on Monday said it would appoint two new directors with energy industry and climate experience within the next 12 months, a pledge made days before a shareholder contest over the oil company’s climate policy and board makeup.
Shareholders on Wednesday will decide between ExxonMobil’s 12 current directors and four candidates from hedge fund Engine No 1 who have gained support from investors and proxy advisory firms. Its nominees have oil and wind energy, tech and regulatory backgrounds...
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