Corporate governance

• CFPs

  CFP Board overhauls governance as part of ongoing changes

  Director tenures, nominations and committees are changing after an independent task force identified weaknesses.

  By Tobias Salinger

  October 1

  
• Corporate governance

  CEOs notch win as SEC adds hurdles for shareholder campaigns

  Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

  By Ben Bain

  September 24

  
• Diversity and equality

  Will backlash over Scharf's remarks hinder Wells Fargo’s diversity push?

  The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

  By Allissa Kline

  September 24

  
• Corporate governance

  Wells Fargo names new compliance chief, other risk executives

  The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

  By Allissa Kline

  August 13

  
• Crisis Management

  Swept up in civic unrest, banks confront deep societal issues

  Bankers spent Monday cleaning up damaged branches, wondering if their small-business clients will need more emergency aid and contemplating how the racial and economic inequalities highlighted by days of violent protests nationwide can be corrected.

  By Jim Dobbs

  June 1

  
• Corporate governance

  Few fireworks at Wells Fargo's first annual meeting under Scharf

  Unlike recent affairs that were marred by protests, this year's meeting — held online because of the coronavirus outbreak — went smoothly as investors overwhelmingly approved the bank's slate of directors and executive compensation plan.

  By Kevin Wack

  April 28

  
• Asset managers

  BlackRock becomes key player in coronavirus response for Trump, Fed

  CEO Larry Fink has provided the federal government insight on coping with the fallout from the pandemic.

  By Annie Massa

  April 20

  
• ESG

  BlackRock’s vow for greener planet to get first real-world test

  As proxy season nears, concerns grow around whether the manager is equipped to probe the companies in its funds to a more environmentally friendly line.

  By Alastair Marsh

  March 2

  
• Asset management

  BlackRock, Vanguard voting habits show why some fear their power

  The biggest index fund companies follow the house view, which means at least 75% of their funds voted the same way, on environmental and social issues.

  By Annie Massa and Emily Chasan

  February 28

  
• ESG

  Voices: Does this investment make me look good?

  Investment in socially beneficial activities can be worthwhile. But it ignores the question of who decides what is beneficial.

  By Tyler Cowen

  February 24

  

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