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Goldman Sachs, Bank of America shareholders reject plan to split CEO, chair roles

Posted on AllSides April 24th, 2024
From The Right

Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corporate governance. Proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis had urged shareholders to support the moves and strip Goldman CEO David Solomon and BofA CEO Brian Moynihan of their chairman roles. Norway’s $1.6 trillion sovereign wealth fund, one of the world’s largest investors, had also indicated support for the plan. At Goldman’s annual shareholder meeting, the proposal by...

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