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