Bank of America shareholders approve board nominees and pay plan
Updated
Updated · Bloomberg · May 4
Bank of America shareholders approve board nominees and pay plan
11 articles · Updated · Bloomberg · May 4
At Monday's annual meeting, investors backed all 12 director nominees and the appointment of an independent registered public accounting firm.
They also rejected every shareholder proposal, including one seeking a report on board oversight of animal-welfare-related risks.
The votes leave Bank of America's board lineup, executive compensation and auditor unchanged, signalling broad investor support for management's recommendations.
As US shareholder rights weaken, can global ESG rules force accountability on American megabanks?
Why do shareholders keep a dual-role CEO whose bank often lags its peers?
Is Wall Street's ESG retreat a smart financial move or a long-term risk oversight failure?