Advisors: Vote out most of Wells Fargo's board

New York • An influential firm that advises big shareholders says the majority of Wells Fargo’s board of directors should be removed at the bank’s annual shareholders meeting later this month, accusing the board of having a lack of oversight over the bank’s sales practices. Institutional Shareholder Services said Friday that Wells Fargo investors should vote against retaining 12 out of the 15 members of the bank’s board. The only members of the board ISS advises investors to vote for are the two...

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