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Market Chatter: Chevron Shareholders Reject Proposal for Appointing Independent Board Chair

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Chevron (CVX) shareholders have rejected a proposal put forth at the company's annual general meeting that would have required appointing an independent board chair separate from the chief executive officer, Reuters reported Wednesday, citing preliminary voting results.

Shareholders approved the appointment of all 12 nominees to the board and rejected two other shareholder proposals, the report stated.

All voting results at the meeting were in line with what the company has recommended, according to the report.

Chevron did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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