Connecticut State Treasurer Denise Nappier, in partnership with three institutional investors with assets under management of $355 billion, has filed a shareholder resolution at Wells Fargo calling for a change in the company's corporate bylaws to ensure an independent non-executive board chair.

Co-filing the resolution are Illinois State Treasurer Michael Frerichs and Hermes EOS. Needmor, co-lead filer, is a Toledo, Ohio-based family foundation.

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