Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Wells Fargo Separates Chairman, CEO Roles Formally After Scandal

Friday, 2 December 2016 ()

Bank holding company Wells Fargo & Co., amid struggles to re-establish itself after the fake-account scandal, on Thursday said it has separated the roles of the Chairman and Chief Executive Officer formally, by amending the company's By-Laws. The amendment is also for the Chairman and Vice Chairman of the Board to be independent directors. The amendments were effective immediately.
Share on
Share on
Post on 
Share by
Source: Wochit Business - < > Embed

News video: Investors Call for Independent Board Chair at Wells Fargo

Investors Call for Independent Board Chair at Wells Fargo 00:49

Investors are calling on Wells Fargo to require an independent board chair in the wake of a scandal related to fraud. The investors, including the state treasurers of Connecticut and Illinois, have already filed a shareholder resolution for the bank's annual meeting seeking to change company bylaws....

You Might Like

Recent related news

Wells Fargo Separates Chairman, CEO Roles

SAN FRANCISCO (dpa-AFX) - Wells Fargo & Company (WFC) announced that its Board has amended the Company's By-Laws to require the separation of the Chairman and...
FinanzNachrichten.de - MarketsAlso reported by •bizjournalsSeattle TimesFT.com

Business News Roundup, Dec. 2

Wells Fargo said it will split the jobs of chairman and CEO and will make other major changes to the composition of its board of directors in an effort to make...
SFGate - Business

Other recent news in Business

VENEZUELA issues new banknotes after inflationCHRISTMAS spend on the rise despite quake activity
Apple admits self-DRIVING car plans'THE UNITED STATES IS OPEN FOR BUSINESS': Trump warns that companies leaving the US will face 'retribution'
U.S. ARMY CORPS of Engineers says it won't grant easement for the Dakota Access oil pipeline in southern North Dakota.College football playoffs: OHIO STATE, Clemson in Fiesta Bowl semifinal game
Right-wing Austrian PRESIDENTIAL CANDIDATE Norbert Hofer concedes election in a Facebook message.First official results in AUSTRIA: Left-leaning candidate takes unbeatable lead in presidential election
Aging Population, Stagnant Productivity Challenge DONALD TRUMP's Growth PlanBig mistake to avoid when applying for HOME LOAN


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2016 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+