Exxon ESG Proxy Statement Suit May Chill Investor Proposals

[Gunnar Larson]

Exxon ESG Proxy Statement Suit May Chill Investor Proposals
<https://www.law360.com/compliance/articles/1796229?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-02-15&read_main=1&nlsidx=0&nlaidx=19>

Exxon Mobil’s recent use of a Texas federal lawsuit to intimidate
shareholders into withdrawing a climate-friendly proxy proposal could
inspire more public companies to sue to avoid adopting ESG resolutions — a
power move that would chill activist investor participation and unbalance
shareholder-corporate relations, say Domenico Minerva and James Fee at
Labaton Keller.

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<https://www.law360.com/compliance/articles/1796229?nl_pk=ab5ce197-c1fb-4d8e-a411-413bce38e654&utm_source=newsletter&utm_medium=email&utm_campaign=compliance&utm_content=2024-02-15&read_more=1&nlsidx=0&nlaidx=19>
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