April 25, 2017 / 5:06 PM / 8 months ago

All Wells Fargo director nominees elected, some with scant support

PONTE VEDRA BEACH, Fla. (Reuters) - Wells Fargo & Co (WFC.N) 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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