At a special meeting held on September 22, Bank of America stockholders voted in favor of the board’s authority to combine the roles of chairman and CEO. The “yes” vote permits current CEO Brian Moynihan to keep his chairman title. The bank had faced a significant and well-publicized backlash from major proxy advisory firms and many institutional investors when it unilaterally recombined the chair and CEO roles in October 2014, reversing a bylaw separating these roles which was approved in 2009 in a binding stockholder vote. The bank gained 63% support despite negative recommendations from ISS and Glass Lewis and opposition from several influential investors, including CalSTRS and CalPERS.