The New York City Comptroller's office, representing pension funds that own shares in Bank of America Corp., wants the bank's board to review the company's controls for loan modifications, foreclosures and securitizations.

The request, disclosed Wednesday in a regulatory filing, is one of eight shareholder proposals that will be voted on at BofA's annual meeting May 11 in Charlotte, N.C. The board has advised shareholders to vote against all eight proposals, which range from limiting relocation benefits for senior executives to giving shareholders an annual list of certain employees who have worked for the government in the past five years.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.