Shareholder rebellion occurs when the owners of a corporation work to throw out management or oppose their decisions.
[1] In 1998, the Rockefeller family led a shareholder revolt against Exxon over its climate change policy.
[3] In 2010, BP[4] and Shell faced a shareholder revolt over their Canadian tar sands policy.
[9] Shareholder revolts are becoming more common, with a record number of advisory “Say on Pay” votes in the US failing to win majority support in 2018.
[10] On 24 January 1609, Amsterdam-based businessman Isaac Le Maire filed a petition against the Dutch East India Company (VOC), marking the first recorded expression of shareholder activism or shareholder rebellion.