Corporate governance

Wells names activists, investors to advisory council


The seven-member council, formed in the wake of the fake-accounts scandal, will advise Wells on social issues, such as diversity, environmental sustainability and the needs of underserved communities.


JPMorgan adds corporate responsibility exec to operating committee


Peter Scher, global head of corporate responsibility, will join JPMorgan’s operating committee, effective immediately, the company said Thursday.


Bridge Bancorp in N.Y. to add activist to board


A representative from Basswood Capital will become a director in May.


BofA adds MIT scientist to board of directors


Maria Zuber, who oversees research administration and policy at MIT, has been appointed to the board's enterprise risk and corporate governance committees.


Regulators have bigger role to play in cybersecurity: Fed’s Quarles


Describing cybersecurity as the biggest risk facing the financial sector, Vice Chairman for Supervision Randal Quarles said regulators should more actively facilitate conversations between banks and national security agencies to boost digital security.


Wells Fargo reshuffles board, adds three new members


The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.


Davos dames, car trouble and prison food


Look who's co-chairing the notoriously male-dominated World Economic Forum. A female automotive enthusiast eloquently calls out an industry where bias is ingrained in the everyday language, and women in prison cook up a better future. Plus, State Street, Goldman Sachs and Bank of Montreal.


When boards are stacked with hot seats, who wants the job?


It's tough to be a bank director these days, as the public and elected officials hold the board responsible for misdeeds that occur on their watch. Turnover is up, and filling the seats is more of a challenge than ever.


Former Utah banking chief joins board of Glacier


George Sutton, now an attorney in Salt Lake City, will sit on several Glacier Bancorp committees, including audit and compliance.


Former OCC head John Dugan joins Citigroup board


Leslie Ireland, a former assistant secretary for intelligence and analysis at the Treasury Department, was also elected to the bank's board.