United States: Exxon Employs "Direct-To-Court" Strategy For Shareholder Proposal. Will Others Do The Same? - Cooley LLP
Friday, 2 February 2024
Back in 2014, a few companies, facing shareholder proposals from the prolific shareholder-proposal activist, John Chevedden, and his associates, adopted a "direct-to-court" strategy, bypassing the standard SEC no-action process for exclusion of shareholder proposals.
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