BofA to allow shareholder vote on chairman, CEO role

Brian Moynihan With Batphone

Bank of America on Monday announced it will allow shareholders to vote on a change in bylaws that gave Brian Moynihan the duel role of CEO and chairman.

The bylaw change, made in October 2014, overturned a 2009 shareholder vote which required that the chairman and chief executive jobs be held by two people.

The bank said it will hold the shareholder vote before the 2016 annual meeting.


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