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corporate governance
ExxonMobil has an unwavering commitment to high ethical standards and operations excellence. Our standards of ethics and business integrity, together with our workforce, are our most valuable assets. Our corporate governance systems and practices are critical to our success. We take a disciplined approach to corporate governance in every aspect of our business and at every location where we operate. We care about how results are obtained, not just the results.
At ExxonMobil, we have a long-standing history of leadership in corporate governance. In 2007, GovernanceMetrics International awarded us a score of 10 out of 10, an increase from previous years. Only one percent of companies rated received this score. RiskMetrics Group rated our company above 92 percent of other oil and gas companies on corporate governance issues, and above 53 percent of the Standard & Poor’s (S&P) 500.
ExxonMobil recognizes that it is our responsibility to help meet the world’s growing energy needs while providing competitively priced supplies to our customers and delivering value to our shareholders.
As of year-end 2007, of the 12 directors on our Board, 10 are independent as defined by New York Stock Exchange (NYSE) guidelines.
shareholder proposals and proxy statements
As part of our shareholder engagement process, the Corporation receives shareholder suggestions each year. Some of these are in the form of shareholder proposals to be presented in our proxy statement for consideration at the Annual Meeting of Shareholders.
