SEC Drops Charges Against Climate Group, Flags Proxy Disclosure Duties
The U.S. Securities and Exchange Commission has decided not to pursue charges against a climate group it investigated over conduct tied to ExxonMobilâs May 2021 shareholder meeting. While the regulator stopped short of enforcement, it signaled concern over the groupâs actions and used the case to underscore that large shareholders must understand their disclosure obligations well before the 2027 proxy season.
