Updated 03.09.2010


Summary: Under InvesGuard's data model, Wells Fargo shows Board Effectiveness concerns and a lack of transparency in its social and environmental processes.


Wells Fargo needs to improve the composition of its Board Finance Committee as well as it's Board Credit Committee.A few of its Board of Directors are CEO's of other public companies. This could result in these Board members being overextended and having less than adequate time available to devote to all their committments.


Wells' Internal Control Environment score is affected by concerns of an inadequately equipped Board Audit Committee.This coupled with a deficiency in its governance guidelines has reduced the company's Internal Control Environment score .


On the Social and Environment front, Wells needs to provide more detailed information.


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Detailed Scorecard


Board Size: 17

Board of Directors Compensation($): $75,000- Annual retainer also consists of a Common Stock award and an option grant worth $70,000 and $60,000 respectively.

Total Carbon Emissions(metric tons): 2008- not known; 2007- not known

Amount received in Government Bailout($): $25 Billion

Amount received in Government Bailout repaid($): $25 Billion (repaid in December 2009)

Total CEO compensation for 2009($): $21.34 million

Chief Credit Officer: Michael J. Loughlin

Changes in Chief Risk Officer over the past 2 years**: None.

Tenure of Chief Risk Officer in this position: Mike Loughlin has held the position of Chief Risk and Credit Officer at Wells Fargo since 2007

** Why do we look at Changes in Chief Risk Officer? Companies, where we observe quick changes to senior risk positions (in case of companies in the finance industry) are high on our watch list.