NYSE:XOMOil and Gas
Exxon Mobil Texas Move Pits Shareholder Rights Against Valuation Opportunity
Exxon Mobil (NYSE:XOM) is facing a shareholder vote on May 27 over its plan to move its corporate domicile to Texas.
Proxy advisers Glass Lewis and ISS have urged investors to vote against the redomiciling proposal, citing governance and shareholder rights concerns.
Exxon Mobil has pushed back with public criticism of the proxy firms, arguing their analysis is flawed and conflicted, and is campaigning for shareholder support.
The dispute is drawing wider attention because it could influence...