SEC blocks Bank of America’s exclusion of proposal on Business Roundtable pledges

Developments “begin to offer an exploration of how to move from empty promises into something that can be implemented in corporate governance,” says Sanford Lewis

Bank of America’s efforts to evade a shareholder proposal on its commitments on the Business Roundtable (BRT) have been rebuffed by the US Securities and Exchange Commission (SEC) – just days after JP Morgan successfully blocked the same proposal.

In August, 181 US CEOs – includin…

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