In connection with the 2024 proxy season, pension funds associated with the United Brotherhood of Carpenters and Joiners of America (the Carpenter Funds) have submitted a director resignation bylaw proposal.
“Woke or conscientious capitalism is a direct result of activist investors pressuring public companies to adopt politically charged policies that fail to directly impact the financial performance of a company within a reasonable investment time horizon.” ~ Excerpt from a coalition letter supporting the “Stop Woke Investing Act.”
ExxonMobil (“Exxon”) filed a complaint in the U.S. District Court for the Northern District of Texas on Sunday, January 21, 2024, seeking a declaratory judgment to exclude a shareholder.
Companies in Chapter 11 must publicly report substantial financial information indeed, more information should be reported or available publicly in Chapter 11 than outside of Chapter.