TotalEnergies Board to Keep CEO, Chairman Role Combined
By Nina Kienle
TotalEnergies' board decided to keep the chairman and chief executive roles combined, rejecting a resolution submitted by a minority group of shareholders to separate them.
The French energy giant rejected including the proposal on the agenda for its annual general meeting, and reaffirmed that the unity of the company's management and representation power is part of its well-balanced corporate-governance framework.
Last week, Switzerland's Ethos Foundation and a coalition of 19 international pension-fund and asset-management companies filed a resolution to hold an advisory vote at TotalEnergies' annual meeting.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
April 26, 2024 05:02 ET (09:02 GMT)
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