September 4, 2015 / 10:13 PM / 2 years ago

ISS urges shareholders vote to strip CEO Moynihan of chairman title

BOSTON, Sept 4 (Reuters) - Proxy adviser Institutional Shareholder Services on Friday recommended Bank of America shareholders vote to strip Chief Executive Brian Moynihan of his additional title of chairman.

The Charlotte, North Carolina-based bank gave Moynihan the additional title in 2014, but faced shareholder objections over the dual role. The bank now plans to hold a vote on bylaw changes allowing the him to be chairman on Sept. 22. (Reporting by Ross Kerber, editing by G Crosse)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below