BofA to vote on whether Moynihan should keep chairman title

Bank of America shareholders will vote September 22 on whether its board was right to grant CEO Brian Moynihan the additional title of chairman last year.

Bloomberg News reports that the bank set the date in a regulatory filing Thursday after previously saying it would hold the vote in coming months. The firm has said it will “promptly implement” a plan to find an independent chairman if a majority of investors oppose the decision that gave Moynihan both of the top jobs.

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BofA Schedules Vote on Whether CEO Should Keep Chairman Title

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