SEC Backs Exxon Plan to Allow Auto Vote For Retail Investors

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By Kevin Crowley

September 15, 2025 at 3:44 PM UTC

Updated on

September 15, 2025 at 4:40 PM UTC

Exxon Mobil Corp. is introducing a program to encourage more retail investors to support the company in proxy votes with an automatic system that threatens to limit the influence of activists.

The Securities and Exchange Commission waved through the plan on Monday by issuing a no-enforcement letter that effectively allows the company to proceed.