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Chevron shareholders reject a proposal that would have required an independent board chair.
Chevron shareholders rejected a proposal requiring an independent board chair, maintaining CEO duality.
KEY POINTS
- Proxy advisory firm Glass Lewis supported the independent chair proposal, but shareholders sided with Chevron's flexibility.
- All 12 of Chevron's board nominees were elected by shareholders at the annual meeting.
- Shareholders also rejected proposals for reports on indigenous rights and human rights impacts.
COMPANIES
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