BofA special meeting
NEW YORK: Bank of America (BofA) announced on Thursday that it will hold a special meeting in September for shareholders to vote on splitting the chief executive and chairman roles.
Both posts have been held by Brian Moynihan since last fall. However, some shareholders have pressed to separate the two posts.
Leaders of the giant US bank promised last October to put the question to shareholders within two years. Shareholders as of August 10 will be eligible to vote at a special meeting on September 22 at the bank’s headquarters in the southern state of North Carolina. Shareholders can also vote by internet, phone or mail, BofA said.