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ExxonMobil’s Darren Woods: The Case for an Independent Chair
The National Legal and Policy Center (NLPC) is urging ExxonMobil shareholders to vote for a proposal to separate the roles of Chairman and CEO, currently held by Darren Woods. The NLPC cites Woods’s public stances on the Paris Agreement and Venezuela, which have led to significant financial setbacks and political friction, as reasons for needing an independent board chair. They also note that 60% of S&P 500 companies have already adopted this separation, and BlackRock, ExxonMobil’s second-largest shareholder, had previously supported such a split.