In the Margins

Wells Fargo investors call for independent board chair

December 1, 2016

By Reuters

The state treasurers of Connecticut and Illinois, along with other investors, have called on Wells Fargo to require an independent board chair to strengthen oversight in the wake of the fake account scandal. Connecticut Treasurer Denise Nappier said the investor group has filed a shareholder resolution for the San Francisco bank's annual meeting next spring seeking a change in its bylaws. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...