Wells Fargo Investors Reject More Discrimination Disclosures (2)

Wells Fargo shareholders on Tuesday voted against a proposal seeking an annual public report outlining the bank’s efforts to prevent harassment and discrimination.

The proposal, brought by New York State Comptroller Thomas DiNapoli, follows a similar bid the office put forward last year that passed with 55% of investor support. While Wells Fargo released a third party racial equity assessment last year, the latest proposal is asking for the bank to report certain metrics like the number of pending harassment complaints on an annual basis.

The Comptroller put the proposal forward on behalf of the New York State Common Retirement ...