Corporate governance

Wells blasts 'extreme' advice from proxy firm to vote down directors


The company took aim at Institutional Advisory Services, which recommended on Friday that shareholders vote against 12 of the company’s 15 board members.


Former Yadkin Financial chief quickly resurfaces to lead Live Oak's bank


Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO.


Be like BMO, not like the big banks, on gender diversity


Get Bank of Montreal's best tips for real results on gender diversity, then try not to get disheartened by other big banks. Plus: Amy Brady, Mary Navarro and Donna Demaio.


Megabanks lead fight to curtail influence of ‘social impact’ investors


Investors concerned about the impact on banking of climate change, the pay gap and ethics matters are pushing back against a coalition of the heads of the biggest U.S. banks and other public companies that wants to limit small investors’ access to proxy ballots.


Investors Bancorp agrees to give board seat to big shareholder


The New Jersey company added a representative of Blue Harbour Group in Connecticut to its board.


WL Ross lines up next Sun Bancorp director


James Lockhart is set to join the New Jersey company's board. He will replace Wilbur Ross, who had to resign after becoming Commerce secretary.


Talking politics taboo in the workplace? B of A says it’s OK


The more vocal millennial generation is pushing companies like Bank of America to redefine diversity in the workplace to include more freedom of expression.


Bank of Montreal CEO on diversity, honesty, their ties to lasting value


BMO recently won a diversity award for reaching its goal of having women in 40% of senior management jobs, and CEO Bill Downe argues equal treatment of employees will carry over to fair treatment of customers and create long-term profits for shareholders.


Insiders continue to take advantage of post-election surge in bank stocks


Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs.


Performance before big pay, banks tell executives


So-called performance-share units are pushing aside stock options as the preferred long-term incentive pay for bank executives. Many investors and regulators fear that options can encourage reckless conduct and have other shortcomings, though options still have supporters.