BofA Slate of a Dozen Directors Wins Approval From Investors

Bank of America Corp. said shareholders on Monday approved a slate of 12 directors the company nominated for its board.

Shareholders also approved the company’s executive-compensation plan and the appointment of an independent registered public accounting firm. They rejected all shareholder proposals, including one that asked the bank to report on board oversight of risks related to animal welfare.

Bank of America announced the votes at its virtual annual shareholder meeting on Monday, noting that the tally is preliminary.

Chief Executive Officer Brian Moynihan said the American consumer continues to spend, despite geopolitical headwinds including a war in Iran and ...