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Stock impact report

Goldman and BofA face renewed calls to split CEO, chairman's roles [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance. After the 2008 financial crisis, investors seeking to improve risk oversight mounted efforts to divide the roles on Wall Street, an idea that has picked up new interest in recent years according to analysts. With support from influential proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, some investors are leaning towards supporting shareholder resolutions to split the roles, but getting wider support will be tough. "I would love for a company on the echelon of Goldman Sachs to separate those two roles so there's more oversight," said David Wagner, a portfolio manager at Aptus Capital Advisors, which owns Goldman shares. "I'm a believer in the separation of church and state, even though I believe David Solomon would continue to retain decision making authority," Wagner said. Goldman CEO David Solomon, who holds the Show less Read more
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