Who is exxon mobil responsible to
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Fueling the world safely and responsibly Access to energy underpins human comfort, mobility, economic prosperity and social progress. Our what Play close. Our why Play close. This is where it all begins. Exxon told shareholders this week that "Engine No.
But it is also about issues fundamental to the future of the energy industry, such as the role of carbon capture, proper targets for net emissions, and likely future demand for oil and gas-powered energy. Yet even if some shareholders are divided on the big questions, the past and present will play a growing role as May 26 approaches. Oil prices have gained ground for months and even prompted talk of a "supercycle" this week, before taking a turn on Thursday.
As yet, there has been no talk of the proxy fight being optioned for a TV special, like the GameStop drama of earlier this year. Banks are once again proving to be a microcosm for shareholder concerns, covering environmental, social, and governance issues. In April alone, 14 shareholder proposals will be subject to a vote at U. In the U. Bank of America BofA will face four shareholder proposals at its April 20 annual meeting, seeking a racial equity audit, proxy access amendments, and the right to act by written consent.
In its proposal, CtW suggests BofA has a "conflicted history when it comes to addressing racial injustice," offering a disproportionate amount of home loans to white applicants compared to minority applicants in Philadelphia in recent years, as well as reducing its number of branches in majority-Black communities.
Canadian banks are also under increased scrutiny from shareholders, especially regarding environmental concerns. Management is ultimately responsible for the investigation of and appropriate response to reports of suspected violations of law, policies and internal control procedures.
Internal Audit has primary responsibility for investigating violations of the Corporation's internal controls, with assistance from others, depending on the subject matter of the inquiry. The persons who investigate suspected violations are expected to exercise independent and objective judgment. Normally, an employee should discuss such matters with the employee's immediate supervisor. Each supervisor is expected to be available to subordinates for that purpose.
If an employee is dissatisfied following review with the employee's immediate supervisor, that employee is encouraged to request further reviews, in the presence of the supervisor or otherwise. Reviews should continue to the level of management appropriate to resolve the issue. Depending on the subject matter of the question, concern or suggestion, each employee has access to alternative channels of communication, for example, the Controller's Department; Internal Audit; the Human Resources Department; the Law Department; the Safety, Health and Environment Department; the Security Department; and the Treasurer's Department.
Suspected violations of law or the Corporation's policies involving a director or executive officer, as well as any concern regarding questionable accounting or auditing matters, should be referred directly to the General Auditor of the Corporation. The Board Affairs Committee of the Board of Directors of the Corporation will initially review all issues involving directors or executive officers, and will then refer all such issues to the Board of Directors of the Corporation. Employees may also address communications to individual nonemployee directors or to the nonemployee directors as a group by writing them at Exxon Mobil Corporation, Las Colinas Boulevard, Irving, Texas , U.
Employees wishing to make complaints without identifying themselves may do so by telephoning or , or by writing the Global Security Manager, Exxon Mobil Corporation, P.
Box , Irving, Texas , U. All complaints to those telephone numbers and addresses concerning accounting, internal accounting controls or auditing matters will be referred to the Audit Committee of the Board of Directors of the Corporation.
All persons responding to employees' questions, concerns, complaints and suggestions are expected to use appropriate discretion regarding anonymity and confidentiality, although the preservation of anonymity and confidentiality may or may not be practical, depending on the circumstances. For example, investigations of significant complaints typically necessitate revealing to others information about the complaint and complainant.
Similarly, disclosure can result from government investigations and litigation. No action may be taken or threatened against any employee for asking questions, voicing concerns, or making complaints or suggestions in conformity with the procedures described above, unless the employee acts with willful disregard of the truth.
Failure to behave honestly, and failure to comply with law, the Corporation's policies, and the Corporation's internal controls may result in disciplinary action, up to and including separation.
No one in the Corporation has the authority to make exceptions or grant waivers to the Corporation's foundation policies. It is recognized that there will be questions about the application of the policies to specific activities and situations.
In cases of doubt, directors, officers and employees are expected to seek clarification and guidance. In those instances where the Corporation, after review, approves an activity or situation, the Corporation is not granting an exception or waiver but is determining that there is no policy violation.
If the Corporation determines that there is or would be a policy violation, appropriate action is taken. Corporate governance Article. Popular searches Energy forecast. Annual Report. Oil production. Facebook link opens in a new window Twitter link opens in a new window Linkedin link opens in a new window 1 Email link opens in a new window copy to clipboard.
Code of ethics.
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