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Exxon Exits: After the Storm

Two years after a historic push from investors, ExxonMobil serves as an instructive case study of taking engagement efforts to the board.  

Oil and gas major ExxonMobil’s annual general meeting (AGM) on 26 May 2021 was “the perfect storm”, according to Aeisha Mastagni, Portfolio Manager within the Sustainable Investment and Stewardship Strategies Unit at California State Teachers’ Retirement System (CalSTRS).   In a historic moment, a majority of the company’s shareholders unseated three…

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