The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Bank of America directors lose support from shareholders

Four Bank of America Corp (BAC.N) directors on the board’s governance committee received unusually small majorities of votes for re-election at this week’s annual meeting, according to tallies the company released on Thursday. Shareholder advisory firm Institutional Shareholder Services had recommended voting against the four directors after their committee advised the board in October to unilaterally change company bylaws to allow Chief Executive Brian Moynihan to also be named chairman.