The dissident slate of Exxon directors was proposed by a hedge fund called Engine No. It argued that it was already committed to addressing the climate crisis, with plans to add new board members, including one with expertise in climate change. In addition to choosing the two dissident board members, shareholders elected eight current members of Exxon’s board. Just who would fill the remaining two seats on the board was too close to call, Exxon said. Those that had been voted on before the Exxon vote received support from 59% of shareholders on average, according to Institutional Shareholder Services.

Source: ABC News May 26, 2021 18:00 UTC