Exxon’s shareholders rejected a proposal to set up a climate change board committee and voted down a proposal for corporate governance changes that some shareholders had proposed to protest the fact that Exxon had left another climate change vote out of the ballot at the annual meeting. Earlier this year, Exxon asked the U.S. Securities and Exchange Commission (SEC) to decide whether Exxon is required to include a vote on setting carbon emission targets proposed by some shareholders. The SEC sided with Exxon, saying that such proposal…
