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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bank of America Corporation | NYSE:BAC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.21% | 37.83 | 38.31 | 37.78 | 37.92 | 28,668,681 | 00:44:27 |
From Apr 2019 to Apr 2024
By Joann S. Lublin And Christina Rexrode
Proxy advisory firm Glass Lewis & Co. is recommending shareholders vote against a board proposal by Bank of America Corp. that would let the bank's chief executive, Brian Moynihan, keep the title of chairman.
The advisory firm generally supports having the role of CEO and chairman held by different people, and noted that Bank of America shareholders have previously voted to keep the positions separate.
"We do not believe the Company has provided sufficient rationale that shareholders should ratify the board's decision to repeal a hard-fought governance reform," Glass Lewis wrote in its report to clients.
Shareholders are scheduled to vote on the proposal at a special meeting on Sept. 22.
Write to Joann S. Lublin at joann.lublin@wsj.com and Christina Rexrode at christina.rexrode@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 02, 2015 17:19 ET (21:19 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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