Article: Corporate governance.(briefs)

Chairman-CEO split at Exxon Mobil rejected

IRVING, Texas - Exxon Mobil Corp. shareholders on May 28 rejected a proposal to force separation of the board chairman and CEO positions. The proposal received approval from 39.5% of shareholders in a preliminary count at the annual meeting, down from 40% at last year, according to Exxon Mobil. Rex W. Tillerson currently holds both positions. The board at Exxon Mobil, Irving, Texas, recommended against the proposal in a proxy statement filed with the SEC.

The proposal was supported by California Controller John Chiang and Maryland Treasurer Nancy K. Kopp. Mr. Chiang serves on the boards of the $245.4 billion California Public ...

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