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    1. HomeStreet's Board Nominees Reelected After Controversial Proxy Battle

      HomeStreet's Board Nominees Reelected After Controversial Proxy Battle

      HomeStreet's board nominees were reelected following a heated battle with an activist shareholder. The $6.9 billion-asset company said in a press release Thursday that a majority of shares cast supported Scott Boggs, Douglas Smith and Mark Patterson. HomeStreet said all of its proposals, including a nonbinding measure backing annual votes on executive compensation, passed...

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    2. Wells Fargo, You're the Worst': Scenes from Testy Annual Meeting

      Wells Fargo, You're the Worst': Scenes from Testy Annual Meeting

      The rolling caravan of outrage at Wells Fargo rumbled into Iowa on Tuesday. Activists descended on the bank’s annual meeting in Des Moines to air a diverse set of grievances to CEO Tim Sloan and board chair Elizabeth “Betsy” Duke. They chastised Wells Fargo for its various consumer scandals, its use of arbitration to settle customer disputes, and its business ties to gun manufacturers, payday lenders, fossil fuel companies and private prison firms...

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    3. Wayne Savings in Ohio adds Activist Investor to its Board

      Wayne Savings in Ohio adds Activist Investor to its Board

      Wayne Savings Bancshares in Wooster, Ohio, has added an activist investor to its board. The $446 million-asset Wayne said in a press release Friday that Brian Hopkins, a co-founder and principal at Ancora Advisors in Cleveland, had become a director with a term that expires in 2020. Ancora, which owns about 4.9% of Wayne’s stock, has a history of shareholder activism...

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    4. When Boards Are Stacked with Hot Seats, Who Wants the Job?

      When Boards Are Stacked with Hot Seats, Who Wants the Job?

      Chairman Stephen Sanger had just wrapped up his milquetoast presentation on Wells Fargo's sales-practices woes at the company's annual meeting last April when Bruce Marks, a housing activist and shareholder, jumped up and called on all of the board members to defend themselves. "Tell us what you knew and when you knew it. Were you complicit or incompetent?"...

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    5. How Wells Fargo Could Overcome a Shareholder Revolt

      How Wells Fargo Could Overcome a Shareholder Revolt

      Don’t expect much to change in the Wells Fargo boardroom — at least not right away — even if shareholders vote for a clean sweep of the board at the annual meeting next week. Wells investors are expected to send a stinging rebuke to the board when they gather for the company’s annual meeting at a luxury beachside resort outside of Jacksonville, Fla., on April 25...

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    6. Time to Refresh Your Bank's Board

      Time to Refresh Your Bank's Board

      Serving on a bank board isn't what it used to be . Directors today are expected to interact regularly with regulators and shareholders, monitor cybersecurity efforts , plot online and mobile strategies, ensure the right culture by setting the tone at the top , and a whole lot of other things that, even a decade ago, weren't part of the job. Yet the composition of many bank boards hasn't changed all that much...

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    7. BNY Mellon Names Two Women Execs to Board

      BNY Mellon Names Two Women Execs to Board

      BNY Mellon Names Two Women Execs to Board Bank of New York Mellon has named two women executives from the energy and technology sectors to its board. The $325 billion-asset company on Thursday appointed Linda Cook of EIG Global Energy Partners and Jennifer Morgan of SAP as directors. BNY Mellon expanded its board by two members, to 14 directors, to add Cook and Morgan, it said in a news release...

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      Mentions: Technology
    8. U.S. Bancorp's Candor on CEO Succession Puts Low-Key Exec in Focus | American Banker

      U.S. Bancorp's Candor on CEO Succession Puts Low-Key Exec in Focus | American Banker

      = Subscriber content; log in or subscribe now to access all American Banker content. U.S. Bancorp's Candor on CEO Succession Puts Low-Key Exec in Focus The Rise and Fall of Bank Coin-Counting Machines It could be a few years before Richard Davis, one of the most well-respected leaders in banking, hands over the reins as chief executive of U.S. Bancorp, but he began preparing the industry for that moment this summer...

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    9. Zions Adds New Board Member

      Zions Adds New Board Member

       Subscriber content; log in or subscribe now to access all American Banker content. Zions Adds Ex-Citigroup CFO to Its Board Banking's Big Sellers Zions Bancorp. in Salt Lake City on Friday named Gary Crittenden, a former chief financial officer at Citigroup, to its board of directors. Crittenden is currently chairman and managing director at HGGC, a private-equity firm in Palo Alto, Calif. He was CFO at Citi from 2007 through 2009, during the height of the financial crisis.....

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      Mentions: Shareholders
    10. Boardroom Diversity Is Good Corporate Governance

      Since 2009, board diversity in U.S. public companies has not moved, with women holding approximately 16% of board seats of Fortune 500 companies, an increase of less than 1%. In other words, there has been no change. Among the lessons of the financial crisis is that entrenched boards may have contributed to the problem. According to a number of studies, board diversity can help guard against "groupthink" which is more likely to occur among cohesive groups lacking social, cultural and ideological

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      Mentions: Board Diversity
    1-22 of 22
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