ConocoPhillips (NYSE:COP) Stockholders Reject Bylaws Change Eliminating Supermajority Vote Requirement
ConocoPhillips (NYSE:COP) recently faced shareholder resistance as its proposal to amend the corporate bylaws, specifically aiming to eliminate supermajority voting requirements, was not approved. During the past month, the company's stock rose by 8%, amidst a broader market upswing. The market, driven partly by positive economic indicators and easing trade tensions between the U.S. and China, also saw significant gains with the S&P 500 up 4% over the week. ConocoPhillips' solid financial...