Seventy two percent of the votes cast at ExxonMobil’s May 27 annual meeting supported a management proposal to reincorporate the company to Texas and 23.5% voted for a shareholder proposal to offer more options under the company’s controversial new retail voting plan.

The major index funds will be absorbing SpaceX soon after it launches its massive IPO and, as a result, millions of investors will be exposed to a company with corporate governance that insulates the company and its board from shareholder accountability.

BP announced May 26 that its board of directors unanimously decided to dismiss Albert Manifold as its chairman in light of “unacceptable” governance and conduct concerns. Manifold’s departure comes after seven months in the role and is the latest in a series of leadership and governance concerns at the oil company in recent years.

At three recent annual meetings, shareholders expressed their concerns about misalignments between pay and performance by voting against say-on-pay proposals.