Reuters
Exxon pursues lawsuit despite activist investor climb-down
Exxon Mobil said Friday, 2nd of Feb, it will continue to pursue a lawsuit against two activist investors even after they withdrew a shareholder proposal on climate change, setting up a clash over what constitutes legitimate debate between a public company and its owners.
Morrow Sodali
What lies ahead for Corporate Governance and ESG in 2024?
The 2024 outlook on corporate governance and ESG, authored by Chris Hodge, navigates through ongoing challenges in sustainability and governance. It touches on issues like climate change, regulatory advancements, and the political pushback against ESG progress. The article emphasises the importance of agile and responsive boards in facing uncertainties, especially with the backdrop of significant political events in major markets. Hodge calls for a balanced approach to governance, highlighting the need for companies to adapt to evolving standards while staying true to their core governance principles.
Robert Eccles
Comment: The EU’s CSDDD Usurps the Role of US Fiduciaries
Robert G. Eccles discusses the impact of the EU's Corporate Sustainability Due Diligence Directive (CSDDD) on US companies, arguing it intrudes on the fiduciary duties of US boards. The directive, part of the European Green Deal aiming for carbon neutrality by 2050, requires firms to integrate human rights and environmental considerations into their operations. Eccles believes this directive could override US corporate governance laws, particularly Delaware's, posing challenges for compliance and potentially subjecting US companies to political agendas without clear guidelines for enforcement.
The Sustainability Board Reading Recommendations 7th of February