“What ExxonMobil’s Proxy Actually Says About the Change of Domicile to Texas

“What ExxonMobil’s Proxy Actually Says About the Change of Domicile to Texas

ExxonMobil’s board has recommended that shareholders vote at the May 27 annual meeting to approve the company’s change in domicile from New Jersey to Texas—a move that has triggered debate about whether Texas’s recent corporate-governance reforms weaken shareholder rights relative to established jurisdictions like Delaware.”