Moynihan Remains BofA Chairman After Vote, Fends Off Critics - Bloomberg

Brian Moynihan will keep his dual role as Bank of America Corp.’s chairman and chief executive officer after shareholders voted to ratify governance changes made last year.

Preliminary results showed the resolution passed with about 63 percent of the votes, the company said Tuesday. The Charlotte, North Carolina-based lender had called the special meeting after angering some investors by undoing a 2009 shareholder-backed bylaw requiring an independent chairman.

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