Exxon Lawsuit Highlights Growing Corporate Angst With SEC Shareholder Proposal Process

Also, senators are reminded of the strong support for clawing back pay from executives of failed banks

A recent lawsuit filed by Exxon Mobil against two investors seeking to put a pro-climate resolution on its proxy has caused a stir in the ESG wars. But there has been less attention paid to another sphere where the case could also have a big impact – the SEC’s shareholder proposal process. It’s an area that has become increasingly frustrating to many co…