ExxonMobil Corp. shareholders today defeated all 12 shareholder proposals. One proposal, to prohibit discrimination based on sexual orientation, was co-sponsored by the $35 billion New York City Employees Retirement System; another, calling for a report on the financial risk related to climate change, was co-sponsored by the $17 billion Connecticut Retirement Plans & Trust Funds, Hartford. The New York system resolution was defeated by 72.9% and the Connecticut funds resolution by 78%.
A proposal calling for the separation of the positions of chairman and CEO, sponsored by Ram Trust Services, a firm associated with corporate governance expert Robert Monks, was defeated by 78.5%.
Other defeated proposals called for a shareholder vote on any poison pill anti-takeover plan and for two candidates to be nominated for each director seat.