The United Steelworkers (USW) said that ExxonMobil (NYSE: XOM) shareholders yesterday approved a resolution introduced by the USW and seven co-filers calling for the company to disclose which organizations it supports for lobbying efforts, a necessary step in providing greater worker safety and corporate accountability.
“Shareholders face a dark money blind spot when the company fails to disclose its trade association payments used for lobbying, especially when these lobbying efforts contradict with ExxonMobil’s public position,” said Ricky Brooks, a member of USW Local 13-2001 who introduced the resolution. “Disclosure of the company’s payments to trade associations and social welfare groups that influence public policies will allow shareholders to assess the company’s management of risks.”