Fifty-six percent of MBNA Corp. shareholders have voted for a resolution that would require that two-thirds of the lender's board be independent.
TIAA-CREF, the author of the proposal and the owner of about 1.4% of the Wilmington, Del., company's stock, called the vote "extraordinary" in a press release issued Monday after MBNA's annual meeting.
On Friday, MBNA had appointed two new directors, Mary M. Boies and Laura S. Unger.
In its release, TIAA-CREF executive Peter C. Clapman applauded the new appointments but said the board is still not two-thirds independent. MBNA says seven of its nine directors are independent.
