Company News | Reuters.com:
"Bank of America Corp. (BAC.N: Quote, Profile, Research) shareholders, rejecting management's recommendation, on Wednesday voted to urge the No. 2 U.S. bank to require that directors be elected by majority vote.and:
At the bank's annual meeting near its Charlotte, North Carolina, headquarters, holders of 56 percent of Bank of America shares said the board of directors should begin a process to amend its certificate of incorporation or by-laws to require a majority vote.
"Bank of America had urged that shareholders turn down the proposal. It said the current system, under which directors are elected by plurality"