Exxon Mobil Corporation (Exxon) has begun implementation of its retail voting program, following the receipt of no-action relief from the Securities and Exchange Commission (the SEC). In support of this program, Exxon will begin sending notices to retail investors through their brokers and has publicly filed solicitation materials encouraging its retail shareholders to participate in the program. This program is expected to increase the ability and ease of retail investors to vote at shareholder meetings, increase voter turnout accordingly, and may provide a counterbalance to activist voting campaigns. Other public companies are expected to consider adoption of similar programs. Background of Exxon's Retail Voting Program Exxon has launched this program to assist increased retail turnout amidst a landscape of frequent activist campaigns and delivery of shareholder proposals. Retail investors tend to support board and management proposals but do not always vote.