Financial Times FT.com

Clamour grows for governance shake-up

By Kate Burgess in London and Joanna Chung in New York

Published: May 27 2008 19:50 | Last updated: May 27 2008 19:50

Investors from outside the US were among the first to add their voices to the Rockefeller family’s calls for the ExxonMobil board to split Rex Tillerson’s combined role of chairman and chief executive.

In Europe, where splitting the role is the norm, investors have long complained that the US practice of combining the two jobs is not in the best interests of owners and runs counter to best practice.

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