The Traderszone Network

Published in TZ Latest News 6 May, 2015 by The TZ Newswire Staff

Bank of America shareholders back board despite criticism

Shareholders voted to back Bank of America Corp’s (BAC.N) executive compensation, board nominations and opposition to shareholder proposals at the annual meeting on Wednesday, despite earlier complaints about bylaws being changed. It will release the final vote tallies within four days. Lead independent director Jack Bovender said shareholders he talked to in recent weeks had been right to fault the board for changing company bylaws in October to allow Chief Executive Officer Brian Moynihan to also become chairman.

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