shareholder proposal · 2015
Public Citizen at Bank of America
Promptly appoint a Stockholder Value Committee of independent directors to develop a plan for divesting all non-core banking business segments, and have it report publicly on its analysis no later than 300 days after the 2015 annual meeting.
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What happened
Result: Proposal 8 at the annual meeting of 6 May 2015, rejected: 264,642,301 votes for, 6,146,554,975 against, 77,078,384 abstentions and 2,100,430,585 broker non-votes.
About 4.1 percent of the shares voted for and against. Naylor told International Business Times the following February that the bank had since hired a firm to conduct the breakup study, which is his account rather than anything a company document here confirms.
Who is involved
- Public Citizen filer
- Bank of America company
What this campaign is about
- Global macroeconomic stability Helpful · UN Sustainable Development Goals