Global Proxy Watch (GPW) reports that Scott Zdrazil has joined the Los Angeles County Employees Retirement Association after a year’s stint with the New York City Comptroller’s corporate governance office (GPW XIX-19). The latter seeks a replacement. Continue Reading →
The Board previously acted to elect an independent Chairman to lead the Board and we believe formalizing this structure is the right decision at this time for the Company and its investors, customers, and team members. Efforts to restore the trust of our customers and team members are well underway and will continue until we have fully addressed the issues surrounding retail banking sales practices. While the investigation of these practices and related matters by the independent directors continues in earnest, we believe this action will enhance the Board’s independence and its oversight of the Company’s management, and we appreciate the feedback that we received from our investors on this matter.