Bank of America
Corporate Bias Rating
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Risk Level:
Summary:
Bank of America is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Bank of America embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.
View Full Corporate Bias Ratings ReportBoard Bias
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CEO of Bank of America
Brian T. Moynihan
Summary:
Headquartered in Charlotte, North Carolina, Bank of America is a member of the Fortune 250 operating in the Diversified Financials industry. Brian T. Moynihan and Brian T. Moynihan serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $626,976 to Republican causes and $422,574 to Democratic causes. Under their tenure, Bank of America currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$626,976
$422,574
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 4/24/24 | Jing Zhao | Shareholder Proposal to Improve Executive Compensation Program | Against | N/A | |
| 4/24/24 | John Chevedden | Independent Board Chairman | Against | N/A | |
| 4/24/24 | Kenneth Steiner | Shareholder Right to Act by Written Consent | Against | N/A | |
| 4/24/24 | New York City Employees' Retirement System | Shareholder Proposal Requesting Disclosure of Clean Energy Financing Ratio | Against | N/A | |
| 4/24/24 | Trillium Asset Management on behalf of Sada Geuss | Lobbying Misalignment with Bank of America's Goals | Against | N/A | |
| 4/24/24 | Bowyer Research | Report on Risks of Politicized De-banking | Against | N/A | |
| 4/25/23 | Governance | National Legal and Policy Center | Independent Board Chair | against | 26.29% |
| 4/25/23 | Environmental | New York State Common Retirement Fund | Absolute Greenhouse Gas Reduction Targets | against | 11.48% |
| 4/28/23 | Governance | National Legal and Policy Center | Require an Independent Board Chairman | Against | 26.30% |
| 4/28/23 | Governance | John Chevedden | Require Shareholder Approval of Termination Pay | Against | 7.70% |
| 4/28/23 | Environmental | New York State Common Retirement Fund | Report on GHG Emissions Reductions Targets | Against | 11.50% |
| 4/25/23 | Environmental | Trillium Asset Management | Adopt Policy to Cease Financing New Fossil Fuel Supplies | Against | 9.00% |
| 4/25/23 | Social | SOC Investment Group | Racial Equity Audit | Against | 15.20% |
| 4/25/23 | Environmental | As You Sow | Climate Transition Planning | Against | 28.50% |
| 4/26/22 | Social | National Center for Public Policy Research | Civil Rights and Non-Discrimination Audit | Against | 2.12% |
| 4/26/22 | Social | National Legal and Policy Center | Report on Charitable Donations | Against | 3.36% |
| 4/26/22 | Environmental | Trillium Asset Management | Adopt Fossil Fuel Lending Policy Consistent with IEA's Net-zero 2050 Scenario | Against | 11.02% |
In the News
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