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ITHACA. N.Y.--Mobil Corporation has asked the Securities and Exchange Commission (SEC) for permission to omit a Cornell Corporate Responsibility Froject (CCRP) shareholder resolution from its annual meeting statement...
...letter one month ago. Mobil officials requested that the SEC not take action against the company if it excluded the CCRP proxy from its shareholder statement...
Last month, CCRP members asked the SEC to recommend action against Mobil if it omits their proxy...
Mobil also claimed that the resolution contained "false and misleading statements" and can be excluded under an SEC rule which prohibits such material...
Mobil argued that the CCRP proposal relates to the "conduct of the ordinary business operation" of the corporation, and can be omitted under SEC rules...