Wells Fargo Taps Janet Murguía and Marc Morial

Wells Fargo has launched a stakeholder advisory council to enhance its understanding of issues relevant to stakeholders and the company. The company has tapped National Urban League's Marc H. Morial and UnidosUS' Janet Murguía to help lead the effort. The council, which comes a year after the company settled claims that it set up deposit and credit card accounts for clients without their permission, is expected to meet several times in any given year and will provide feedback to Wells Fargo's board of directors and senior management. Other members of the council include: Mindy S. Lubber, CEO and President of Ceres, a sustainability non-profit organization that works with investors; Michael Calhoun, President of the Center for Responsible Lending; Nora Nash, Director of Corporate Social Responsibility for the Sisters of St. Francis of Philadelphia; and John Taylor, President and CEO of the National Community Reinvestment Coalition. Tim Sloan, Wells Fargo's President and CEO, is also expected to participate in the council. More here.