Exxon Mobil Corporation

Ticker: XOM
Meeting date: 26/05/2021
Meeting type: Proxy Contest
Proposal Mgt rec Vote
Management proposals
1.1 Elect Director Michael J. Angelakis For For
1.2 Elect Director Susan K. Avery For For
1.3 Elect Director Angela F. Braly For For
1.4 Elect Director Ursula M. Burns For For
1.5 Elect Director Kenneth C. Frazier For For
1.6 Elect Director Joseph L. Hooley For For
1.7 Elect Director Steven A. Kandarian For For
1.8 Elect Director Douglas R. Oberhelman For For
1.9 Elect Director Samuel J. Palmisano For For
1.10 Elect Director Jeffrey W. Ubben For For
1.11 Elect Director Darren W. Woods Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO For Withhold
1.12 Elect Director Wan Zulkiflee For For
2 Ratify PricewaterhouseCoopers LLP as Auditors For For
3 Advisory Vote to Ratify Named Executive Officers' Compensation For For
Shareholder proposals
4 Require Independent Board Chair Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO Against For
5 Reduce Ownership Threshold for Shareholders to Call Special Meeting Against Against
6 Issue Audited Report on Financial Impacts of IEA's Net Zero 2050 Scenario Against Against
7 Report on Costs and Benefits of Environmental-Related Expenditures Against Against
8 Report on Political Contributions Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
9 Report on Lobbying Payments and Policy Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
10 Report on Corporate Climate Lobbying Aligned with Paris Agreement Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
1.1 Elect Director Gregory J. Goff For Do not vote
1.2 Elect Director Kaisa Hietala For Do not vote
1.3 Elect Director Alexander A. Karsner For Do not vote
1.4 Elect Director Anders Runevad For Do not vote
1.5 Management Nominee Michael J. Angelakis For Do not vote
1.6 Management Nominee Susan K. Avery For Do not vote
1.7 Management Nominee Angela F. Braly For Do not vote
1.8 Management Nominee Ursula M. Burns For Do not vote
1.9 Management Nominee Kenneth C. Frazier For Do not vote
1.10 Management Nominee Joseph L. Hooley For Do not vote
1.11 Management Nominee Jeffrey W. Ubben For Do not vote
1.12 Management Nominee Darren W. Woods For Do not vote
2 Ratify PricewaterhouseCoopers LLP as Auditors For Do not vote
3 Advisory Vote to Ratify Named Executive Officers' Compensation Against Do not vote
4 Require Independent Board Chair None Do not vote
5 Reduce Ownership Threshold for Shareholders to Call Special Meeting None Do not vote
6 Issue Audited Report on Financial Impacts of IEA's Net Zero 2050 Scenario None Do not vote
7 Report on Costs and Benefits of Environmental-Related Expenditures None Do not vote
8 Report on Political Contributions None Do not vote
9 Report on Lobbying Payments and Policy None Do not vote
10 Report on Corporate Climate Lobbying Aligned with Paris Agreement None Do not vote

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