ExxonMobil implements auto-voting system to counter climate-focused investor campaigns. “Mom-and-pop” shareholders targeted to boost support for management recommendations. Program aims to tilt annual meeting outcomes against activist campaigns. Critics concerned about default voting risks, while others see it as defense strategy against disruptive campaigns. Strategy could shift power dynamics at annual meetings on climate policies.

Read more at Yahoo Finance: Exxon Taps Retail Investors With Auto-Voting Tool to Fend Off Climate Activists