Lawrence Grayson, Bank of America spokesman, said in an e-mail, "The board seeks the same flexibility on corporate governance as 97% of the S&P 500, and we respectfully recognize that stockholders have varying views, which is why the board committed to holding the vote."
Lawrence Grayson, Bank of America spokesman, said in an e-mail, "The board recognizes that some have a fixed view on board leadership structure, but the board believes that it is in the best interest of shareholders to have the same flexibility that nearly all the S&P 500 already has in determining its appropriate leadership structure as circumstances warrant."
"The board is asking for the same flexibility that 97 percent of the S&P 500 already have in determining their leadership structure," Lawrence Grayson, a spokesman for Charlotte, North Carolina-based Bank of America, said in a statement.
Lawrence Grayson, Bank of America spokesman, said in an e-mail, "The board believes that having the same flexibility on board leadership that 97% of the S&P 500 now have, while still providing strong independent oversight, is in the best interest of stockholders.
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