Robert Monks, Famed Corporate Reformer, Takes Battle for Independent Chairman at ExxonMobil to Highest Ranks of SEC

Robert Monks, Famed Corporate Reformer, Takes Battle for Independent Chairman at ExxonMobil to Highest Ranks of SEC; Monks Doesn't Buy Argument that Independent Chairman Is Impossible

Seeking to make corporations more accountable to shareholders, renowned shareholder activist Robert A. G. Monks has appealed to the Securities and Exchange Commission to allow a vote on a shareholder proposal that would require ExxonMobil to have an independent director serve as chairman of the board for the first time in the energy giant's history. The appeal would reverse a no-action letter by the Division of Corporate Finance and would create an important precedent in corporate governance reform.

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