Investors will have the chance to vote on a proposal calling for Exxon Mobil to set up a board-level climate change committee at the oil giant’s forthcoming AGM.
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Proxy season is underway, in which companies face their shareholders and their concerns on social issues, and there has been a surge in human rights proposals aimed at such issues as immigration rights and detention, child sexual exploitation, hate speech and privacy.
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ExxonMobil shareholders will not get a vote on whether the company should set targets for cutting its greenhouse gas emissions, following a ruling by the Securities and Exchange Commission.
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As public company annual meeting season nears, renewed calls for the SEC to raise the resubmission threshold on shareholder proposals are being fought by proponents of the current system who say the changes would hurt investors and companies.
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