Earlier today Reuters reported on the SEC’s rejection of a request from Exxon to omit from their annual shareholder meeting a resolution relating to hydraulic fracturing. Specifically, the resolution – filed by shareholder advocacy group As You Sow – requested the following: “that the Board of Directors prepare a report to investors by September 2012, [...]
Archive for the ‘Shareholder Proposals’ Category
2 Feb
The Ups and Downs of Fracking Disclosure
Davis Polk wants you to be well informed when preparing environmental disclosures for upcoming 10-K and 20-F filings. In a recent client memorandum, the firm highlights key issues in this arena, including disclosure related to hydraulic fracturing. The memo echoed the previous comments of Andrews Kurth, which suggested that the SEC was, perhaps, a little [...]
