NY State Pension Fund Asks Exxon Mobil to Separate Chair and CEO Posts
09 Mayo 2019 - 1:26PM
Noticias Dow Jones
By Stephen Nakrosis
New York State Comptroller Thomas P. DiNapoli on Thursday said
he was supporting shareholder proposals calling on Exxon Mobil
Corp. (XOM) to separate the board chairman and the chief executive
positions.
In a filing with the Securities and Exchange Commission, Mr.
DiNapoli said he made the request on behalf of the N.Y. State
Common Retirement Fund and Edward Mason, Head of Responsible
Investment at Church Commissioners for England.
The shareholder resolution, which was filed by the Kestrel
Foundation, would require Exxon's board chairman be an independent
member of the board. If adopted, it would be phased in for the next
CEO transition, according to the filing.
The two institutional investors also said they intend to vote
against all Exxon Mobil board directors at the company's annual
meeting, which will take place May 29 in Dallas.
The two institutional investors also said they will vote in
favor of a proposal asking the energy company to create a "climate
committee," which will evaluate Exxon Mobil's "strategic vision and
responses to climate change." The two also plan to vote in favor of
a proposal that would see the company disclose its spending on
lobbying efforts.
A spokesperson from Exxon Mobil didn't immediately reply to a
request for comment.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 09, 2019 14:11 ET (18:11 GMT)
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