From the outside looking in, the composition of the Wells Fargo board seems to check all the right boxes. Anatomy of the Wells Fargo Scandal Over the last several weeks, interviews with employees, congressional hearings and inquiries outline the sales pressure and unrealistic quotas that led to problematic practices at Wells Fargo. Contending that its governance structure “is working effectively” and citing Mr. Sanger’s role, Wells Fargo urged shareholders to vote against the proposal. It’s doubtful that anyone on the Wells Fargo board welcomes the spotlight that is now trained on it. Clearly, the Wells Fargo board has some ’splaining to do.

Source: New York Times September 27, 2016 22:58 UTC