Dominion Energy (Dominion Energy Resources, Inc.) | Dominion Energy 2025 Resolution to Improve Communication and Engagement with Shareholders at Dominion Energy (Dominion Energy Resources, Inc.)

Status
Filed
AGM date
Previous AGM date
Proposal number
6
Resolution details
Company ticker
NYSE: D
Lead filer
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
United States
Resolved clause
Resolved: Shareholders request that Dominion provide a report by January 1, 2027 describing opportunities for robust shareholder engagement to establish dedicated channels, such as a shareholder advisory panel or a more robust online portal, for direct dialogue to respond to shareholder feedback on key issues, creating a more two-way communication flow.
Whereas clause
Whereas: The SEC made a major announcement on November 17, 2025 regarding how it will handle no-action requests this proxy season. The policy creates a significant potential barrier for Dominion Energy (the Company) shareholders to address concerns with the Company, which has a history of issuing no action challenges for shareholder resolutions. Many companies use Shareholder Advisory Boards to improve shareholder engagement which results in improvements for the companies. Companies such as General Electric, American Express, Microsoft, Google, PepsiCo, and JPMorgan are cited as relying on advisory boards to ensure long-term value creation and improve overall company performance. Functions and purpose of a Shareholder Advisory Board: • Strategic Guidance: Advises management on business strategy, industry trends, and potential risks, helping to identify blind spots. • Expertise: Provides knowledge that the core management team may lack. • Networking: Often has a strong network of contacts to benefit the company. • Support for Boards: Can include advising special committees on transactions or providing independent financial and strategic advice. • Shareholder Feedback: "Advisory votes" are used to gauge shareholder opinion on issues, such as executive compensation, but the results are not legally binding. • Assist the Company in engaging with shareholders and addressing their concerns. Recently shareholders have won SEC decisions to support the inclusion of their proposals in the Company’s proxies and voted on in theCompany’s annual meetings. These proposals helped to bring important considerations to the Company’s attention that have resulted in actions to benefit the company. Shareholders have a vested interest in helping to improve the Company’s ability to respond to extreme weather challenges and increased power demands. The 2023 Dominion A Stranded Risk Assessment didn’t address the Company’s liability risk for extreme weather events, resulting in ashareholder’s submission requesting a“report on liability risk for natural gas infrastructure expansion and interference with state legislatures”. The shareholder, a former reinsurance specialist, wanted to know if the Company had insurance for exposure to extreme weather events. The shareholder submitted a resolution and a defense to the SEC to overcome theCompany’sletter of no action, before the Company informed the shareholder that they weren’t able to find insurance liability coverage for extreme weather events caused by methane emissions. It’s important for investors to be informed about potential risks to their investments such as the company losing valuation due to exposure to extreme weather risk.

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