Statement Karen Doron

Statement on proxy advisor support for alternate ExxonMobil director slate

WEST SACRAMENTO, Calif. (May 14, 2021) – CalSTRS issued the following statement today following a report issued by proxy advisor ISS recommending shareholders support the alternate director slate for ExxonMobil submitted by investment firm Engine No. 1 and supported by CalSTRS:

It’s time for change at ExxonMobil.

While the final results will not be known until every shareholder vote is counted, the recommendation by ISS reaffirms our belief that ExxonMobil’s board must be strengthened to drive systemic change and help ensure a long-term energy transition strategy.


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