Published in Industry News
Exxon Mobil faced heat over worker rights and safety at its annual meeting on Wednesday but it prevailed against several shareholder demands.
Shareholders voted against four resolutions, including a call for greater clarity around the oil giant’s political lobbying activities. Union members had raised the concern, arguing that Exxon was implementing “complex and confusing” safety procedures aligned with a conservative group known for producing industry-friendly legislation.
At the same meeting, shareholders approved executives’ pay package, with nearly 73 percent of voters supporting the measure. More than 90 percent also voted to re-elect the members of the board. […]