(Reuters) - U.S. oil major Exxon Mobil Corp is planning to add one or more new board directors and stepping up its sustainability investments, the Wall Street Journal reported on … The board, including the Public Issues and Contributions Committee, visits an ExxonMobil operations site each year. setting the date, time and place of shareholder meetings. No director attended less than 75 percent of such … Current public company directorships: Bombardier (November 2017 - Present), Past public company directorships: Caterpillar (July 2010 - March 2017); Eli Lilly and Company (December 2008 - February 2015), Principal occupation: Former Chairman of the Board, President and Chief Executive Officer, IBM. 1 has recommended executives with expertise in oil and gas, as … review of overall policies and objectives for corporate contributions, and approval of contributions budget (annually). adoption of any new major employee benefit plans and programs and approval of any major amendment of an existing major employee benefit plan or program (e.g., Pension Plan and Savings Plan) which might involve substantial cost to the Corporation or significantly alter the scope, nature or degree of benefits. The board believes shareholder interests are best served through a leadership model combining the roles of chairman of the board and chief executive officer. 1 formally nominated four directors to the board of the energy giant, which is facing … According to a 2018 proxy statement filed with the Securities and Exchanges Commission (SEC), the average level of compensation for Exxon’s board of directors in 2017 was almost $365,000. Past public company directorships: Imperial Oil Ltd. (April 2013 - July 2014), Exxon Mobil Corporation The average tenure of our non-employee directors as of April 2020 was 6.1 years, below the 2019 average of S&P 500 companies of 8 years. Before his election as chairman and CEO, Woods was elected president of ExxonMobil and a member of the board of directors … election of officers of the Corporation, designation of the chief executive officer of the Corporation and authorization to any officer of the Corporation to appoint assistant officers. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. © Copyright 2003-2020 Exxon Mobil Corporation. 1 formally nominated four directors to the board of the energy giant, which is facing … Board members select an independent director to serve as the lead director to help ensure a level of independence in our board leadership. Stay up to date with the latest from ExxonMobil. ExxonMobil’s directors, on average, attended approximately 96 percent of board and committee meetings during 2019. 1 has reportedly lined up four individuals who have agreed to fill seats on the Exxon Board of Directors … As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Sustainability-related topics typically fall under the purview of the Public Issues and Contributions Committee. Today.’. From left: Angela Braly, Kenneth Frazier, Joseph Hooley (joined January 2020), Ursula Burns, Samuel Palmisano, Darren Woods, Douglas Oberhelman, Steven Reinemund (since retired), William Weldon, Susan Avery and Steven Kandarian. ExxonMobil’s diverse portfolio of projects requires us to work in remote and sensitive environments, including deepwater and areas of high biodiversity. Exxon's board of directors is a Who's Who of blue-chip corporate executives, but none from the energy industry. issuance and acquisition of long-term debt or shares of stock, and the fixing of the consideration for treasury shares to be disposed of by the Corporation, except as delegated to the Treasurer as described in B.7 below. authority to execute documents on behalf of the Corporation. determining whether any director candidate nominated for election under the proxy access or advance notice provisions of the By-Laws meets the requirements of those provisions. authority to open and maintain bank accounts. University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights, Guidelines for the Selection of Non-Employee Directors, Calls, chairs and sets the agenda for executive sessions of the non-employee directors, Chairs meetings of the board in the absence of the chairman, In consultation with the chairman, reviews and approves the schedule and agenda for all board meetings and reviews associated materials distributed to the directors, Engages with shareholders, including on ESG-related matters, as appropriate; and, Leads the annual performance evaluation of the board. Corporate governance The board receives updates and reviews from internal and external experts on issues of importance to the company. submission to shareholders of any action that requires shareholder approval. All Rights Reserved. Exxon Mobil Corporation (NYSE:XOM) issued the following statement in response to Engine No. authority to determine whether an indemnity bond shall be required as a condition to the transfer of a share certificate alleged to have been lost, destroyed or wrongfully taken and, if so, the sufficiency thereof. (Bloomberg) -- Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. The company’s board … He previously served as Chief Operating Officer. Article. Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. Activist investor Engine No. Mr. Palmisano also served as president, senior vice president and group executive for IBM’s Enterprise Systems Group, IBM Global Services, and IBM’s Personal Systems Group. Details concerning the nominees of ExxonMobil’s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. He also served as vice president and chief financial officer of Caterpillar from 1995 to 1998. Previously, Mr. Kandarian had served as Executive Vice President and Chief Investment Officer. Experience with cyclical businesses such as commodities. Hooley … In doing this, we are also committed to protecting our people, the environment and the well-being of communities where we operate. Business experience: Mr. Kandarian was elected Chairman of the Board of MetLife in January 2012. The push is being led by an investment firm called Engine No. He served as president of Exxon Mobil Corporation in 2016, senior vice president from 2014 to 2016, and vice president, and president, ExxonMobil Refining & Supply Company from 2012 to 2014. authority to enter into tax-exempt financing of the facilities and operations of the Corporation or of its affiliates. 1 is calling on ExxonMobil to refresh its board of directors in an effort to reposition itself for long-term, sustainable value creation. Ms. Burns served as Chairman of Xerox from 2010 to June 2017. Business experience: Mr. Hooley served as Non-Executive Chairman of State Street Corporation from 2011 to 2019. He was elected executive vice president and president, Global Human Health, at Merck in 2007; and executive vice president and general counsel in 2006. Report, Sustainability Powers and Functions Reserved to the Board This integrated risk management approach facilitates recognition and oversight of important risk interdependencies. Business experience: Mr. Woods was elected chairman of the board and chief executive officer of Exxon Mobil Corporation in 2017. filling vacancies on the Board, designation of nominees for election to the Board by the shareholders, and removing directors from the Board for cause including for any material failure to follow the Standards of Business Conduct, the Corporate Governance Guidelines, or any other obligation owed by directors to the Corporation. Business experience: Mr. Palmisano was elected chairman, president, and chief executive officer of IBM in 2003 and relinquished these roles in 2012. Report Name Recently, the independent lead director, along with the full board, provided oversight as management guided the company’s response to the COVID-19 pandemic through a series of actions that helped protect our employees, the communities in which we work and people around the world. The lead director works with the compensation committee to oversee the annual evaluation of the CEO, the communication of resulting feedback to the CEO and the review of CEO succession plans. other matters relating to the Corporation's business which in the judgment of the chief executive officer are of such significance as to merit the Board's consideration. The board affairs committee recommends board of director candidates in accordance with our Guidelines for the Selection of Non-Employee Directors. He was elected group president of Caterpillar in 2002; and vice president, Engine Products Division in 1998. Business experience: Dr. Avery served as president and director of the Woods Hole Oceanographic Institution from 2008 to 2015. Principal occupation: Chairman of the Board and Chief Executive Officer, Merck & Co. Business experience: Mr. Frazier was elected chairman and chief executive officer of Merck in 2011, and served as president from 2010 until 2019. It is headquartered in Irving, Texas, United … ExxonMobil … With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. … Past public company directorships: IBM (July 2000 - September 2012); American Express (March 2013 - May 2019), Principal occupation: Former Chairman of the Board and Chief Executive Officer, Johnson & Johnson. During 2019, the ExxonMobil Board met ten times. Current public company directorships: AECOM (March 2019 - Present), Past public company directorships: MetLife (May 2011 - April 2019). 1 Formally Nominates Four Director Candidates to ExxonMobil Board. ExxonMobil has engaged with Engine No. 1’s nomination of directors for election to ExxonMobil’s board of directors at its 2021 annual meeting of shareholders. Public Issues and Contributions Committee. ExxonMobil’s board of directors provides oversight of the corporation’s affairs. The board considers director longevity of service and experience of great value, but recognizes the importance of director refreshment. Of such … SAN FRANCISCO – December 7, 2020 to maintain inventory! Review of summary financial and operating results ( quarterly ) s diverse portfolio of projects us! Hence, it is lucrative to become the board clarified and enhanced the role as lead to! Summary financial and operating results ( quarterly ) the full board meetings 's board of directors at its annual. 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