While Rockefeller family’s attempt to get oil giant ExxonMobil to focus more on climate change got more publicity, there was another resolution that went before shareholders today as well--gay and lesbian rights.
ExxonMobil (XOM: 90.43, +0.63, +0.70%) shareholders voted down a resolution to add “sexual orientation” and “gender identity” to Exxon’s non-discrimination statement on Wednesday. Approximately 40% of Exxon’s outstanding shares voted in favor of the clause, but it was not enough to send the issue to the oil company’s board of directors.
The shareholder resolution has come up every year since 2000, when it got 8.2% approval among shareholders. The percentage that voted in favor of the resolution has grown every year since then.
The non-discrimination resolution got 39.6% of the vote--more support than all the Rockefeller-supported proposals.
Human Rights Campaign--the LGBT rights lobbying organization--said ExxonMobil is the only company they've had to use shareholder activism as a method to get “sexual orientation” and “gender identity” added to a company’s non-discrimination clause.
See Exxon Shareholders Reject Gay Rights Resolution
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