A judge in the U.S. District Court for the Northern District of Texas on June 17 dismissed the lawsuit that ExxonMobil filed against Arjuna Capital to keep Arjuna’s shareholder proposal on greenhouse gas emissions off its proxy ballot. Exxon has 30 days to appeal the decision.
by: Rosemary Lally
6/20/2024
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In a June 14 letter sent to the judge who in January nullified Tesla CEO Elon Musk’s $55 billion pay package, Tesla argued that shareholder approval of the package on June 13 “significantly impacts” her decision.
by: Rosemary Lally
6/20/2024
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The House Appropriations Committee passed a bill funding the SEC at approximately $2 billion, which is $589 million less than the agency requested and $144.3 million less than the commission’s fiscal 2024 enacted level.
by: Rosemary Lally
6/20/2024
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?President Biden renominated SEC Commissioner Caroline Crenshaw to a five-year term that will expire in June 2029. Her current term expires this month.
by: Rosemary Lally
6/20/2024
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A bill requiring CalPERS and CalSTRS not to make any new investments in fossil fuel companies and to divest their current investments in these firms by 2031, which had passed the California State Senate, was dropped by its chief sponsor June 19. CalPERS and CalSTRS opposed the bill.
by: Rosemary Lally
6/20/2024
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The Hong Kong Stock Exchange’s (HKEX) newly released consultation on revisions to its listing standards includes proposals to improve board effectiveness and independence, board and workforce diversity, risk management and capital controls.
by: Emmanuel Tamrat
6/20/2024
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