April 25, 2017 / 5:01 PM / 3 months ago

All Wells Fargo director nominees elected, some with scant support

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PONTE VEDRA BEACH, Fla., April 25 (Reuters) - Wells Fargo & Co shareholders approved all 15 directors nominated to the bank's board on Tuesday, capping a contentious annual meeting with several directors at risk of facing a no-confidence vote.

Support ranged from 53 to 99 percent of votes cast, a board representative said, indicating that while all of the directors technically received majority votes, at least some have too little support to remain on the board with confidence. At most S&P 500 companies, director support averages around 95 percent of votes cast, according to pay consulting firm Semler Brossy. (Reporting by Dan Freed; Writing by Lauren Tara LaCapra; Editing by Meredith Mazzilli)

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