Bank Of America Organizational Structure

Satisfactory Essays
The article I chose this week relates to this week’s topic of organizational structure as it discusses the authority of the decision making process and where the ultimate decision of setting layers of accountability within the board structure of Bank of America. On September 18, 2015 Gretchen Morgenson reported that Bank of America is holding a special meeting on Tuesday, September 22 to gather shareholders to the company headquarters to vote on a restructuring of the organizational structure that would overturn a bylaw requiring that the board be overseen by an independent “chairman” which had been voted and approved at the 2009 annual meeting. Last fall the bylaw was overturned when the board elected its chief executive officer to also serve
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