WELLS FARGO & COMPANY | Report on financial exposure from relationships with foreign nationals in US illegally at WELLS FARGO & COMPANY

Status
Omitted
AGM date
Resolution details
Company ticker
WFC
Lead filer
National Legal and Policy Center
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
United States
Resolved clause
Shareholders request a special risk report analyzing the Company’s legal and financial exposure from its business relationships with foreign nationals present in the U.S. illegally, given the very real potential for losses that may be incurred. No proprietary or privileged or legal strategy information shall be disclosed in the report. The Supporting Statement elaborates on the subject of the Proposal by asking, “To what degree does Wells Fargo provide credit for these customers? Further, how does Wells Fargo expect these customers to repay their loans if they are removed from the country or have no income?”

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