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Nuns' pressure leads Wells Fargo to publish causes of 'systemic lapses in governance'

Nuns' pressure leads Wells Fargo to publish causes of 'systemic lapses in governance'

A group of nuns and religiously-affiliated investors said Wells Fargo & Co. has agreed to publish a review that shows the root causes of the systemic lapses in governance and risk management that have led to ongoing controversies, litigation and fines. As a result of the company's commitment, the Interfaith Center on Corporate Responsibility will withdraw a resolution filed for the 2018 proxy calling for the review.

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