XOM - Investors Fear Exxon Lawsuit Hinders Sustainability Proposals: Report | Benzinga
A group of around 40 large European and American institutional investors, taking Exxon Mobil Corporation‘s (NYSE:XOM) lawsuit as an example, urged companies to refrain from suing shareholders over disagreements about their proposals.
The group, which represents $4.4 trillion in assets under management, said long-term investors would suffer if companies increasingly seek the judgment of a court to settle disagreements on ...