Corporate Governance

In Corporate Responsibility briefing, tech firm also says it focuses on energy efficiency

IBM considers the “say on pay” trend “very interesting,” but feels “very comfortable” with its current performance-based system, an official said. However, speaking at an IBM briefing for analysts about its Corporate Responsibility (CR) efforts June 13, Rich Calo, the company’s Vice President, Human Resources, said IBM still supports its decades-long practice of executive compensation based on performance.

Resolution to establish an independent chairman fails to gain a majority  

Exxon Mobil shareholders rejected a resolution, opposed by the company, that would have split the CEO and chairman roles, both held by Rex Tillerson, according to published reports.