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Wells Fargo Shareholders Urged to Vote Against Six Board Members

Wells Fargo & Co. shareholders should vote against members of the bank’s board of directors who failed to protect its reputation in last year’s account-opening scandal, proxy-advisory firm Glass Lewis & Co. recommended.

The board’s corporate responsibility committee should be held accountable for Wells Fargo’s “clumsy” response to revelations that some employees may have opened more than 2 million deposit and credit-card accounts without customers’ permission, Glass Lewis said in a report published Monday. The scandal is evidence that the committee’s members -- John Baker, Lloyd Dean, Enrique Hernandez and Cynthia Milligan -- failed to adequately oversee the firm’s reputational risk, Glass Lewis said.