SEC OKs Auto-Voting for Exxon’s Retail Investors, Dealing Blow to Clout of Activists

Legal observers expect other major companies to copy Exxon, lured by the opportunity to move a portion of their shareholder bases that rarely vote on proxy matters solidly into management’s corner.

       

Legal observers expect other major companies to copy Exxon, lured by the opportunity to move a portion of their shareholder bases that rarely vote on proxy matters solidly into management’s corner.