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Shareholder resolutions are generally non-binding (precatory) as was the Chevron case, though it's possible to have binding resolutions depending on the state a
by rory096 7y ago
Shareholder resolutions are generally non-binding (precatory) as was the Chevron case, though it's possible to have binding resolutions depending on the state and the company's bylaws.
https://www.law.cornell.edu/cfr/text/17/240.14a-8 https://www.law.cornell.edu/cfr/text/17/240.14a-8
https://www.axios.com/climate-methane-votes-fail-at-chevron-shareholder-meeting-9a029c8c-b891-44a6-8de4-003e2f72fdc2.html https://www.axios.com/climate-methane-votes-fail-at-chevron-...